The U.S. is expected to add 62.8 gigawatts of new utility scale power generating capacity in 2024, up 55 percent compared to 2023, which saw capacity increase by 40.4 GW, according to a Feb. 15 report from the U.S. Energy Information Administration. Solar and battery storage capacity are expected to account for 58 percent and…...
The New Mexico legislature on Feb. 13 approved legislation to implement a clean fuel standard aimed to lower the carbon intensity of transportation fuels used in the state by at least 30 percent by 2040, relative to 2018 levels. The bill now awaits Governor Michelle Lujan Grisham’s signature. New Mexico is set to become the…...
U.S. natural gas prices during 2023 were relatively lower, due to increases in natural gas supply surpassing the rise in natural gas demand, according to a Feb. 12 report from the U.S. Energy Information Administration. Domestic gas production and imports were robust during 2023, amid a backdrop of high U.S. natural gas storage levels. In…...
Federal actions are paving the way to build out new transmission capacity at the pace required to accommodate shifts in power generation and achieve decarbonization goals while enhancing…Read the full report …...
Federal actions are paving the way to build out new transmission capacity at the pace required to accommodate shifts in power generation and achieve decarbonization goals while enhancing grid reliability.
The U.S. liquefied natural gas industry experienced notable progress as three major projects commenced construction in 2023, as reported by the U.S. Energy Information Administration on Feb. 7. This advancement is fueled by the execution of sale and purchase agreements (SPAs) amounting to nearly 22 million metric tons per year of LNG, albeit reflecting a…...
For years now, lawmakers and regulators across the U.S. have intensified their scrutiny of the competitive electricity market for residential consumers in order to address…Read the full report…...
For years now, lawmakers and regulators across the U.S. have intensified their scrutiny of the competitive electricity market for residential consumers in order to address deceptive sales tactics and complex contract terms that burden consumers with high costs.
Electricity usage related to U.S. cryptocurrency mining operations in the U.S. has increased significantly over the last few years, according to the U.S. Energy Information Administration. Early estimates from the agency report that yearly electricity consumption due to cryptocurrency mining represents from 0.6 percent to 2.3 percent of total U.S. electricity usage. The increase in…...
Houthi led militia attacks on commercial ships passing through the Red Sea since November 2023 has led some vessels to avoid the Bab el-Mandeb checkpoint, which is the southern entrance to the Red Sea, according to a Feb. 1 report published by the U.S. Energy Information Administration. Commercial ships are opting to take the longer…...