The Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator Corp has so far generated over $5 billion in collective economic benefits for market participants since its inception in November 2014, according to the fourth quarter 2023 WEIM benefits report. As it stands, there are 22 market participants in the WEIM and…...
Battery, hybrid and plug-in electric vehicle sales as a whole increased across the U.S. during 2023 and accounted for 16.3 percent of total new light duty vehicle sales, according to a Jan. 31 report published by the U.S. Energy Information Administration. During 2022 battery, hybrid and plug in vehicles accounted for 12.9 percent of total…...
The U.S. Energy Department on Jan. 26 announced a temporary pause on pending applications for the export of liquefied natural gas to non-Free Trade Agreement countries while it updates the criteria used to determine whether additional export authorizations are in the public interest. The U.S. is the global leader in LNG exports with 14 billion…...
The U.S. Environmental Protection Agency has issued permits allowing Wabash Carbon Services to build two wells for the injection and storage of carbon dioxide underground, one at a site in Vermillion County and the other at Vigo County, Indiana. The agency announced that the wells met the requirements for initial approval, including rigorous safety measures…...
The New Jersey Board of Public Utilities on Jan. 24 announced the award of two offshore wind projects totaling 3,742 megawatts in its third solicitation. This action is significant for the state’s offshore wind pursuit after Denmark-based Ørsted canceled its plans last November to develop two projects with a proposed capacity of 2.2 gigawatts off…...
U.S. crude oil production reached an all-time high in August 2023, according to a Jan. 23 report published by the U.S. Energy Information Administration. The increase in production can be attributed to higher output in Texas. The state has primarily been producing relatively dense crude oil throughout 2023. Oil production in Texas, which has remained…...
Russia’s coal trading dynamics have been significantly impacted by the country’s invasion of Ukraine and the consequent sanctions imposed by some nations. Russian coal imports to China, Turkiye, South Korea and India have increased significantly, while Russian coal imports to European countries declined following the sanctions, according to a report issued on Jan. 22 by…...
The average wholesale electricity price during 2024 across majority of the U.S. regions is projected to be similar or marginally lower than in 2023, according to the U.S. Energy Information Administration. The price forecast hinges on the assumption of relatively constant generation fuel costs. The agency acknowledges that temporary price hikes may occur in the…...
The Bureau of Land Management on Jan. 17 issued a draft analysis of an update to its 2012 Western Solar Plan, which guides responsible solar energy development on public lands. The program currently includes six states — Arizona, California, Colorado, Nevada, New Mexico and Utah — with high solar potential and low resource conflicts to…...
The U.S. Environmental Protection Agency on Jan. 12 proposed measures to reduce wasteful methane emissions in the oil and gas sector in accordance with the 2022 Inflation Reduction Act, or IRA. The proposed rule involves imposing charges on significant emitters that exceed emissions intensity levels established by Congress. In December, the agency issued New Source…...
The U.S. Environmental Protection Agency on Jan. 8 awarded nearly $1 billion under its Clean School Bus Program funded by the 2021 Infrastructure Investment and Jobs Act. The agency selected 67 applicants in 280 school districts serving more than seven million students across 37 states. With this, the program has awarded nearly $2 billion, funding…...
The Environmental Protection Agency on Jan. 5 issued a final rule granting primacy to Louisiana for regulating Class VI wells for geologic carbon sequestration. The rule allows the Louisiana Department of Natural Resources to issue underground injection control, or UIC, permits for geologic carbon sequestration facilities as Class VI wells and ensure compliance under a…...