Energize Weekly, October 23, 2019 Dominion Energy has received approvals from federal regulators for the design and installation of its 12-megawatt (MW) Coastal Virginia Offshore Wind (CVOW) development, making it the first U.S. project to receive these permits. The project is being developed in cooperation with Ørsted, Denmark’s largest energy company. Siemens Gamesa Renewable Energy…
Energize Weekly, October 23, 2019 U.S. Gulf of Mexico crude oil production set a record in 2018 at 1.8 million barrels a day, according to the federal Energy Information Administration (EIA) Short-Term Energy Outlook. The record-setting trend is forecast to continue in 2019 with production hitting 1.9 million barrels a day and 2020 with 2…
Energize Weekly, October 23, 2019 Turning electric vehicle (EV) batteries into a source of electricity during peak demand hours – making them “virtual power plants” – can shave load and save money, according to an analysis by energy consultant Jackson Associates. The study took customer data – hourly loads, commuting and household data – and…
Energize Weekly, October 23, 2019 An International Monetary Fund (IMF) analysis says that a $75-a-ton tax on carbon emissions or a comparable fiscal policy needs to be in place by 2030 to limit global warming to 2 degrees centigrade, though it will lead to sharp increases in electricity and gasoline prices. “Policy makers need to…
Energize Weekly, October 23, 2019 The Midwest could see a surge in solar installations with 100 gigwatts (GW) of capacity being added in the next 10 years, according to management consultant Fitch Solutions Macro Research. Fitch noted that there are already 546 proposed utility-scale projects with a total capacity of nearly 79 GW in the…
Energize Weekly, October 16, 2019 Retail electricity purchases of renewable energy through green power markets rose 20 percent in 2018 to 134 million megawatt-hours (MWh) of energy compared to 2017, according a federal National Renewable Energy Laboratory (NREL) market trends report. The number of customers participating in these markets also grew 15 percent to 6.3…
Energize Weekly, October 16, 2019 U.S. natural gas demand and supply are both forecast to hit record highs this coming winter – the result of growing exports, more gas-fired power generation and increased production from Texas’ Permian Basin, according to the Natural Gas Supply Association (NGSA). The association’s Winter Outlook projects demand, including exports, to…
Energize Weekly, October 16, 2019 Five states have now moved to provide financial aid to their economically challenged nuclear power plants, according to a federal Energy Information Administration (EIA) report. In July, Ohio joined Connecticut, New York, New Jersey and Illinois in offering financial relief or other assistance to their nuclear units, which have seen…
Energize Weekly, October 16, 2019 Coal production in the U.S. is projected to fall 159 million short tons in the fourth quarter of 2019, a 17 percent drop when compared to the same period in 2018, according to the federal Energy Information Administration (EIA). For the year, the EIA is forecasting a 10 percent drop…
Energize Weekly, October 16, 2019 New England will have to increase the pace of renewable energy generation installations by four to eight times to meet 2050 goals to cut carbon emissions, according to a study by the Brattle Group, an economic and regulatory consultant. The region has a goal, as do several states, of reducing…
Energize Weekly, October 9, 2019 Utah Municipal Power Agency (UMPA) has entered into an agreement with Salt Lake City-based sPower for the development of an $80 million solar facility in rural Juab County. The 80-megawatt (MW) Clover Creek Solar project will be located on a 560-acre site on the west side of Mona Reservoir about…
Energize Weekly, October 9, 2019 The total share of electricity provided worldwide by renewable generation is projected to grow to nearly 50 percent in 2050, compared to a 28 percent share in 2018, according to the federal Energy Information Administration (EIA). The bulk of that energy will be provided by hydropower, wind and solar with…
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