U.S. primary energy consumption, which includes energy from fossil fuels, renewables, and nuclear, increased by 4 quadrillion British Thermal Unit (quads) in 2021 as compared to 2020, according to a July 1 report from the U.S. Energy Information Administration. Fossil fuels namely, petroleum, natural gas, and coal, represent approximately 76.6 quads out of the total…...
Energy legislation enacted across U.S. states so far in 2022 spans a broad spectrum of topics portraying actions to facilitate the energy transition. These include measures to expand renewables and distributed resources, strengthen climate commitments, optimize grid performance, and sustain the nuclear power fleet. … Read the full report …...
The U.S. Energy Department on June 28 issued the 2022 U.S. Energy and Employment Report. A key finding of the report was in the face of economic uncertainty, the energy sector undertook optimistic job growth, increasing 4 percent from 2020 to 2021, outperforming general U.S. employment, which climbed 2.8 percent in the corresponding period. In…...
PJM Interconnection LLC’s capacity market auction for the 2023-2024 delivery year cleared at $34.13 per megawatt-day (MW-day), which is nearly 32 percent lower compared to the 2021 auction and the lowest in almost a decade. The auction results reflect a low-carbon resource mix, with a growth of more than 5,000 cleared megawatts of carbon-free resources, according to the grid operator, which operates across 13 states and the District of Columbia.
The U.S. Energy Department on June 23 announced it will spearhead the development of an all-encompassing offshore wind supply chain action plan by participating in the Biden administration’s Federal-State Offshore Wind Implementation Partnership. The landmark partnership is a forum between the White House National Climate Advisor, the Secretaries of the Interior, Energy, Commerce, and Transportation,…...
PJM Interconnection LLC’s capacity auction for the 2023/2024 delivery year cleared at $34.13 per megawatt-day, which is nearly 32 percent lower compared to the 2021 auction, according to the grid operator’s June 21 news release. The auction procured adequate resources to meet energy needs in PJM’s service area, which covers all or part of the…
The U.S. Department of the Interior on June 6, 2022 announced that the Bureau of Ocean Energy Management will perform an environmental assessment of the first proposed wind energy project offshore Maryland. Key parts of the proposal consist of construction and operation of an offshore wind project with a total capacity between 1.1 and 2…...
The U.S. Energy Department’s Loan Program Office issued a request for information on June 1 to update and improve its Title XVII Innovative Technologies Loan Guarantee Program intended to support early commercial use of advanced technologies. The agency seeks feedback from various stakeholders including developers, investors, government agencies, academia, and impacted communities. The input will…...
