U.S. natural gas inventories are projected to remain comparatively high through 2025, according to an April 11 report published by the U.S. Energy Information Administration. High natural gas inventories are expected to dampen price volatility in U.S. gas markets and lead to relatively lower natural gas spot prices through 2025. The U.S. ended the winter…...
Additional solar capacity across Texas altered the daily electricity generation mix during 2023, according to the U.S. Energy Information Administration. Energy sources used to produce electricity have significantly changed in 2023, with solar accounting for a larger share of the generation mix. As it stands, wind generation remains the major source of renewable electricity generation…...
The Pennsylvania Public Utilities Commission on April 4 voted to adopt a policy statement establishing guidelines for the use of electricity storage by distribution companies. The policy paves the way for future use of non-wires solutions that improve reliability and resilience of the grid. Electric distribution companies can now use storage technologies or batteries instead…...
A full solar eclipse on April 8 is expected to limit solar electricity generation for a short time across the U.S., according to the U.S. Energy Information Administration. The solar eclipse will temporarily but completely obscure sunlight to solar generation assets from Texas through Maine, impacting 6.5 gigawatts (GW) of capacity. Moreover, the solar eclipse…...
The U.S. Environmental Protection Agency on April 4 announced the recipients of $20 billion in grant awards under two programs within the $27 billion Greenhouse Gas Reduction Fund, or GGRF, established by the 2022 Inflation Reduction Act. These grants will facilitate the establishment of a national financing network for clean energy and climate solutions across…...
The U.S. Energy Department on April 3 unveiled new Better Building Initiatives aimed at helping organizations across various sectors of the economy enhance energy efficiency, cut costs, and reduce emissions. One of the notable initiatives is the Better Buildings Commercial Building Heat Pump Accelerator, which will facilitate the production of advanced, life cycle cost-effective heat…...
The U.S. exported more liquefied natural gas compared to any other nation in 2023, according to an April 1 report published by the U.S. Energy Information Administration. U.S. LNG exports averaged 11.9 billion cubic feet per day (Bcf/d) during 2023, up 12 percent from the previous year. Annual LNG exports from Australia and Qatar, the…...
The U.S. Energy Department announced the selection of more than 100 projects to receive $4 billion in advanced energy tax credits funded by the 2022 Inflation Reduction Act to accelerate clean energy manufacturing and reduce industrial emissions. The projects, selected under the Qualifying Advanced Energy Project Tax Credit, or 48C, program, span across 35 states…...
A multi-state solicitation by Connecticut, Massachusetts and Rhode Island received project proposals from four project developers, according to a March 27 press release by the Connecticut Department of Energy and Environmental Protection. Connecticut issued a solicitation for up to 2,000 megawatts of offshore wind aligning with the procurement initiatives of Massachusetts and Rhode Island. Last…...
Shipping traffic from the Port of Baltimore, the second-largest coal exporting hub in the U.S., has temporarily paused after the collapse of the Francis Scott Key Bridge into the Patapsco River on March 26, according to a report published by the U.S. Energy Information Administration. This has impacted U.S. energy related trading dynamics. The Port…...
The U.S. Energy Department on March 25 announced up to $22 million in investment to enhance the siting and permitting process for the development of large-scale renewable energy facilities across six states. The Renewable Energy Siting through Technical Engagement and Planning, or R-STEP, program will distribute $10 million among six projects based in Indiana, Iowa,…...
The U.S. Energy Department on March 25 announced up to $6 billion for 33 industrial decarbonization projects spanning over 20 states. This marks the single largest industrial decarbonization investment in the U.S. These initiatives prioritize community engagement through comprehensive Community Benefits Plans, aiming to foster local economic development and environmental improvement. The funding, supported by…...
