By Mark Jaffe, EUCI energy writer A combination of demand for refined products and limited refining capacity will keep margins high through 2035 for the global refining industry, but a drop in demand for gasoline and the rise in biofuels will pressure the sector after 2040, according to consultant Rystad Energy. “Refining margins are expected…
By Mark Jaffe, EUCI energy writer Global energy project financing – with a few areas of risk such as aging wind farms, data centers, and trade impacts for solar – will be largely stable in 2025, according to report from the investment research company Morningstar. The Morningstar analysis covers its portfolio of wind, solar, river…
By Mark Jaffe, EUCI energy writer Natural gas inventories heading into the winter heating season are at their highest level since 2016, 6% above the five-year average, but electric reliability regulators remain concerned about the impact of freezing temperatures on deliveries to power plants. “While the natural gas industry is making progress on commercial practices…
By Mark Jaffe, EUCI energy writer Six consumer advocates – across four states and the District of Columbia – have filed a complaint with federal regulators contending that the rate design of the country’s largest grid, the PJM Interconnection, is creating “crushing” capacity prices. For the 2025-2026 delivery year, those capacity prices jumped sevenfold to…
Renewables, cleantech sector will grow regardless of who wins the U.S. presidential election Energize Weekly, September 18, 2024 The results of the U.S. presidential election – even if there is a victory by Donald Trump – will likely not derail growth in the renewable energy and cleantech sectors, according to an analysis by energy consultant…
Global clean technology and power market mergers and acquisitions have totaled $105 billion with 234 deals so far this year, slightly ahead of the 2023 pace, according to Enverus Research Intelligence. There were $79 billion in deals in the first half of 2024 and another $26 billion to date in the third quarter. The level…
Residential solar prices drop as size of installations grow and more batteries are added Energize Weekly, September 4, 2024 The size of residential solar systems has been rising as solar module efficiency increases and solar panel costs decline, according to the Lawrence Berkeley National Laboratory’s annual Tracking the Sun report. Generating capacity for individual residential…
FERC rejects Basin Electric’s bid for special cryptocurrency mine and large load rates Energize Weekly, August 28, 2024 The Basin Electric Power Cooperative’s plan for special rates for cryptocurrency mines and other large loads was rejected by the Federal Energy Regulatory Commission (FERC), which said the co-op had not proved they were needed. “We find…
Renewable energy projects are facing increased delays, cancellations, and big losses Energize Weekly, August 21, 2024 Wind and solar projects across the U.S. are facing increased local and state opposition, leading to delays, cancellations, and millions of dollars in lost investments, according to university and national laboratory analyses. A Lawrence Berkeley National Laboratory survey found…
Canada has become the main exporter of oil to the U.S. meeting demand from refineries Energize Weekly, August 14, 2024 Canada has become the main source of imported oil for U.S. refineries, accounting for 60 percent of crude imports as of January 2024 – almost doubling its share in 10 years, according to the federal…
U.S. oil and gas M&A tops $30 billion for the third straight quarter Energize Weekly, August 7, 2024 Oil and gas mergers and acquisitions (M&A) in the second quarter of 2024 marked the third consecutive quarter of $30 billion or more in transactions, according to energy consultant Enverus Intelligence Research. Before this run, quarterly deals…
U.S. electricity demand to rise spurred by the growth of data centers and electric vehicles Energize Weekly, July 31, 2024 After remaining relatively flat for the last 20 years, U.S. electricity demand is projected to grow 13 percent by 2030, boosted by demands from data centers, electric vehicles (EVs) and changing patterns of residential use,…
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