Wind power accounted for 22 percent of new electricity capacity installed in the U.S. last year, representing $12 billion in capital investment, according to wind energy market reports issued by the U.S. Department of Energy. The reports – 2023 offshore, land-based, and distributed wind market reports – show that wind power continues to be a…...
The Bureau of Ocean Energy Management will hold Gulf of Mexico oil and gas Lease Sale 261 on Sept. 27, 2023, according to a notice issued on Aug. 25. The sale will offer about 12,395 blocks on about 67 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas…...
The U.S. Department of the Interior on Aug. 22 announced its approval of the Revolution Wind project, a 704-megawatt wind farm to be built off the coast of Rhode Island. The project would have the ability to provide electricity for around a quarter of a million homes. The Revolution Wind Project is the department’s fourth…...
The New York Public Service Commission has approved a Coordinated Grid Planning Process that will enable the commission and the state’s major utilities to identify transmission investments required to meet the goals of the 2019 Climate Leadership and Community Protection Act. Following the approval, the utilities will conduct studies over the next 24 months and…...
The U.S. Energy Department has awarded nearly $34 million to 19 projects led by industry and universities to increase the affordability and availability of clean hydrogen, which has applications in the fields of power generation, industrial decarbonization, and transportation. Hydrogen is an emission-free fuel and can be used for electricity production through fuel cells or…...
The value of energy transacted between the U.S. and Canada reached a record high in 2022, exceeding the previous record high in 2008, according to an Aug. 14 report from the U.S. Energy Information Administration. The increase in the value during 2022, can be attributed to high energy commodity prices. Trade value consists of both…...
The U.S. Energy Department on Aug. 11 announced up to $1.2 billion to develop two large-scale direct air capture, or DAC, plants in Louisiana and Texas. This represents the most substantial global investment in engineered carbon removal to date, according to the department. Each Hub is expected to eventually eliminate over 250 times the carbon…...
Data collected by the U.S. Energy Information Administration shows that during the first quarter of 2023 capital expenditure for 40 publicly traded U.S. oil exploration and production companies increased compared to the fourth quarter of 2022. The data also shows that cash from operations declined during the first quarter of 2023, compared to the previous…...
During the first half of 2023, developers added 16.8 gigawatts of new electricity generating capacity to the U.S. electricity grid, according to an Aug. 8 report from the U.S. Energy Information Administration. Solar power represented the largest share of the new power generating capacity at 35 percent. Natural gas-fired generating capacity represented 34 percent and…...
The Illinois Commerce Commission on Aug. 3 opened an inquiry into Ameren Illinois Company’s cost-benefit analysis of its continued membership in the Midcontinent Independent System Operator (MISO) versus joining PJM Interconnection, which manages the grid in the northern part of the state. The study, released last month, concluded that MISO Zone 4 utilities joining PJM…...
The Bureau of Ocean Energy Management on July 31 announced three final Wind Energy Areas with a total area of around 356,550 acres, situated offshore Delaware, Maryland, and Virginia. These areas underwent meticulous development, with extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and the broader public. Aligned with…...
A new 1,114-megawatt reactor at Georgia’s Vogtle nuclear power plant has begun commercial operation, joining two existing reactors at the plant, which is jointly owned by Georgia Power and three other utility companies. This is the first new reactor to start up in the U.S. since the Tennessee Valley Authority’s Watts Bar 2 was commissioned…...