U.S. crude oil imports from Canada reached a record high of 4.3 million barrels per day (b/d) during July 2024, according to an Oct. 30 report published by the U.S. Energy Information Administration. The increase in U.S. crude imports can be attributed to the expansion of Canada’s Trans Mountain pipeline. Capacity at the Trans Mountain…...
Total U.S. energy production between January and July 2024 was 68 percent, or 24 quadrillion British thermal units (quads) higher compared to the same period in 1974, according to an Oct. 29 report published by the U.S. Energy Information Administration. The increase in energy production, most notably natural gas and crude oil production can be…...
The U.S. Interior Department on Oct. 29 held the first commercial offshore wind lease sale in the Gulf of Maine. Overseen by the Bureau of Ocean Energy Management, the auction resulted in two provisional winners – Avangrid Renewables and Invenergy NE Offshore Wind – with almost $22 million in winning bids. The leased areas have…...
The U.S. Environmental Protection Agency on Oct. 29 announced 55 project selections that would receive almost $3 billion under the agency’s Clean Ports Program. Funded by the 2022 Inflation Reduction Act, the program supports the deployment of clean energy, zero-emission vehicles, and infrastructure at U.S. ports. The projects would facilitate the purchase of new zero-emission…...
The U.S. Energy Department on Oct. 28 announced the closing of a $2.26 billion loan to Lithium Americas Corp. to build a lithium processing facility in Humboldt County, Nevada. Once in operation, the facility will have an annual production capacity of 40,000 tonnes of lithium carbonate. As lithium is a key mineral used for electric…...
U.S. ethane production hit a record high of 3 million barrels per day (b/d) during May 2024, according to an Oct. 28 report published by the U.S. Energy Information Administration. The increase in ethane production can be attributed to persistent growth in ethane usage in the global petrochemical sector, higher ethane and natural gas production…...
The U.S. Energy Department on Oct. 25 announced nearly $474 million in fiscal year 2024 funding for states, territories, and tribal nations through the Grid Resilience State and Tribal Formula Grants program supported by the 2021 Infrastructure Investment and Jobs Act. This brings the total awards under the program to $1.3 billion since FY 2022…....
The Michigan Public Service Commission or Oct. 25 released a report on the state’s Energy Waste Reduction, EWR, programs, finding that EWR efforts could generate up to $1.4 billion in cost savings for utility customers over the 12- year lifecycle of these programs. The cost savings are a result of a decrease in demand of…...
The U.S. Energy Department’s Office of State and Community Energy Programs on Oct. 24 announced its first round of selectees through the Energy Auditor Training Grant Program. The program, financed under the 2021 Infrastructure Investment and Jobs Act, will allocate up to $27.98 million to 15 State Energy Offices and the American Samoa Territorial Energy…...
The U.S. Interior Department and the Office of Surface Mining Reclamation and Enforcement on Oct. 24 announced over $244 million funding for fiscal year 2024 to address hazardous and polluting abandoned mine lands, create jobs, and facilitate economic opportunity in Pennsylvania’s coal communities. This marks the largest annual state allocation under the Abandoned Mine Land,…...
The U.S. Energy Department on Oct. 23 announced a funding opportunity of up to $46 million for the research and development of advanced hydrogen and fuel cell technologies. The projects will focus on scaling up and demonstrating hydrogen fuel cell technology in high-impact applications. Through these projects, the funding will address two key objectives of…...
The U.S. Department of the Treasury and the Internal Revenue Service on Oct. 24 issued final rules for the Advanced Manufacturing Production Credit to bolster domestic manufacturing in the clean energy sector. The final rules largely follow the proposed regulations issued in December 2023. The rules clarify definitions and credit amounts for qualifying components including…...