Energize Weekly, June 20, 2018 The International Energy Agency (IEA) has trimmed its forecast for the increase in world oil demand for 2018 to 1.4 million barrels a day as supply, economic and price uncertainties could still roil the global market. “Rapidly rising prices in recent months have raised doubts about the strength of demand…
Energize Weekly, June 20, 2018 A Canadian real estate investment company is teaming up with a Texas solar developer for $100 million in solar projects in Austin and San Antonio. Toronto-based Fengate Real Asset Investments will provide the financing for projects developed by PowerFin Partners, which has offices in Austin and San Antonio. The multi-year…
Energize Weekly, June 20, 2018 Energy consumption grew worldwide 2.2 percent in 2017, about an 80 percent increase year-over-year, and the fastest growth in four years as emission of the greenhouse gas, carbon dioxide also rose for the first time since 2014. Consumption of natural gas and oil rose, and for the first time in…
Energize Weekly, June 13, 2018 The western grid solar energy output dropped by nearly 5.5 gigawatts (GW) during last August’s solar eclipse, but the loss did not have a great impact on grid operations or costs, according to an analysis by the National Renewable Energy Laboratory (NREL). “The 2017 total solar eclipse came and went…
Energize Weekly, June 13, 2018 Oil companies have cut the costs of shale drilling, leading to the resurgence of activity even without oil prices rebounding to pre-recession levels, though some of the high-priced plays are vulnerable to market forces, according to Bloomberg New Energy Finance (BNEF). The key to the shale boom has been improved…
Energize Weekly, June 13, 2018 NV Energy announced a $2 billion plan to add more than 1 gigawatt of utility-scale solar and battery storage projects, but said the investment depends upon whether Nevada voters support an “energy choice” ballot measure in the fall. On June 1, NV Energy, a subsidiary of Berkshire Hathaway Energy, submitted…
Energize Weekly, June 13, 2018 New York State has launched a $250 million expansion plan for electric vehicle (EV) charging stations and infrastructure with the aim of having 10,000 stations in place by 2021. The program—EVolve NY—will include initiatives by the New York Power Authority (NYPA) and private sector partnerships through 2025 to accelerate the…
Energize Weekly, June 13, 2018 Xcel Energy, Colorado’s largest electricity provider, submitted a plan to state regulators June 6 seeking to invest $2.5 billion in wind, solar and energy storage projects while closing two coal-fired power plants. The proposed Colorado Energy Plan (CEP) would add 1,100 megawatts (MW) of wind power, 700 MW of solar…
Energize Weekly, June 6, 2018 High levels of wind and solar on regional power grids can decrease electric wholesale prices by $5 to $16 a megawatt-hour (MWh), according to a study by the Lawrence Berkeley National Laboratory. “Increasing penetrations of variable renewable energy (VRE) can affect wholesale electricity price patterns and make them meaningfully different from…
Energize Weekly, June 6, 2018 The power sector’s consumption of fossil fuels dropped in 2017 to levels not seen since 1994, as a result of closing aging coal plants and adding more efficient natural gas turbines, according to the federal Energy Information Administration (EIA). For the last four years, fossil fuel use has dropped steadily…
Energize Weekly, June 6, 2018 In a regional first, on a mild, sunny April day, New Englanders used more electricity from the grid while they were sleeping than they did at midday, according to grid operator ISO New England (ISO-NE). The game changer on April 21 was the 2,400 megawatts (MW) of solar capacity in…
Energize Weekly, June 6, 2018 The use of carbon pricing mechanisms by countries and regions, as a way to control greenhouse gas emissions, has tripled in the past decade and is poised to be more widely used in the coming years, according to the World Bank. Seventy jurisdictions—45 nations, 25 sub-national entities such as states,…
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