Energize Weekly, September 12, 2018 Offshore wind power development could bring a $3.6 billion economic boon to five Eastern seaboard states, generating about 24,000 construction jobs and 1,000 permanent operations jobs, according to a study by BW Research. “The U.S. offshore wind industry is poised for substantial growth, thanks to falling costs and increasing recognition…
Energize Weekly, September 12, 2018 Energy-related carbon dioxide emissions in the U.S. dropped slightly in 2017 due to a combination of weather conditions, energy efficiencies and the utility industry’s steady march away from burning coal, according to federal data. Emissions of carbon dioxide (CO2) linked to energy activity in 2017 dipped by just less than…
Energize Weekly, September 12, 2018 The U.S. energy storage market added 61.8 megawatts (MW) in the second quarter of 2018, a 42 percent increase over the first quarter, as demand for customer-owned batteries continued to grow, according to the Wood Mackenzie U.S. Energy Storage Monitor. Market growth year-over-year was up 60 percent, “thanks in large…
Energize Weekly, September 12, 2018 The pace of electric vehicle (EV) sales is accelerating, reaching a total of four million vehicles on the roads worldwide this September, according to Bloomberg New Energy Finance. China has emerged as the key market for EVs, responsible for around 37 percent of passenger EVs sold globally since 2011 and…
Energize Weekly, September 12, 2018 Utility and power sector deals globally hit a record $180 billion in the first half of 2018, spurred by industry consolidation and renewable energy investments, according to a report by Ernst & Young (EY). The accounting and consulting firm’s second quarter “Power Transactions and Trends” report shows record investment even…
Energize Weekly, September 5, 2018 Wind generation, while facing some challenges in wholesale electricity markets, has continued to be competitive with prices for power purchase agreements and turbines continuing to fall, according to a new study by the U.S. Department of Energy (DOE). After reaching $70 a megawatt-hour long-term power purchase agreements (PPAs) in 2009,…
Energize Weekly, September 5, 2018 Power generation is one of the biggest consumers of water—used for cooling—in the U.S., but a small, though increasing number of plants are using dry cooling technology, according to the federal Energy Information Administration (EIA). Dry-cooled and hybrid plants, which use both water and air cooling, account for only 3…
Energize Weekly, September 5, 2018 Capital investment in the oil and gas industry grew rapidly after 2006 but has shown itself to be more volatile than overall capital investment, creating both a boon and a potential bane for the economy, according to an analysis by the Federal Reserve Bank of Kansas City. From 2006 to…
Energize Weekly, September 5, 2018 FirstEnergy Solutions (FES) announced Aug. 29 that it plans to shutter four fossil fuel-fired power plants with a total of 4,000 megawatts (MW) of generating capacity by 2022. “FES is closing the plants due to a market environment that fails to adequately compensate generators for the resiliency and fuel-security attributes…
Energize Weekly, August 29, 2018 A wind power developer has turned to Montana utility regulators and a federal law to resolve a payment dispute with NorthWestern Energy, the state’s largest utility, over four wind projects and a battery-storage facility it has proposed. Caithness Beaver Creek LLC (CBC) is seeking to develop the four projects, near…
Energize Weekly, August 29, 2018 The increased drilling of longer horizontal wells in shale oil and gas formations is fueling an escalating demand for the sand used to keep open fissures in rock after it has been fracked, leading to a $6 billion market by 2023, according to energy consultant IHS Markit. The market for…
Energize Weekly, August 29, 2018 A switch from coal-fired generation to a mix anchored by low-cost wind and solar could save the rural electricity cooperatives served by one western generation and transmission association $600 million by 2030, according to analysis by the Rocky Mountain Institute (RMI). RMI, a non-profit energy consultant, used the Tri-State Generation…
Processing…please wait
