U.S. Projected to be a Net Exporter of Crude Oil and Petroleum Combined Until 2050

U.S. Projected to be a Net Exporter of Crude Oil and Petroleum Combined Until 2050: EIA

The U.S. is projected to export more crude oil and petroleum combined than it imports until 2050, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2020. In two scenarios, one with more oil and gas supply and the other with higher oil prices, the agency expects the nation to become a net exporter…

NY Green Bank Commitments Exceed $900 Million, Driving $2.4 Billion in Clean Energy Investments

NY Green Bank Commitments Exceed $900 Million, Driving $2.4 Billion in Clean Energy Investments

The NY Green Bank’s fourth quarter of 2019 was the strongest to date, adding nearly $118 million to its portfolio, according to a Feb. 14 announcement. With portfolio commitments exceeding $909 million, the bank has spurred $2.4 billion in clean energy investments. The bank was established in 2013 to alleviate market barriers, motivating private sector…

U.S. Energy Department Announces $170 Million to Support Solar, Geothermal Technologies

Maine Solicits Proposals for Long-Term Renewable Energy Contracts

The Maine Public Utilities Commission issued a request for proposals from renewable generation resources for the sale of energy or renewable energy credits, according to a Feb. 14 news release. The move stems from legislation enacted in 2019 directing the commission to conduct two competitive solicitations for long-term procurement contracts for an amount of energy…