The New York State Energy Research and Development Authority on Oct. 24 awarded conditional contracts for three offshore wind and 22 land-based renewable energy projects that have a combined capacity of 6.4 gigawatts. The projects have the potential to power 2.6 million homes and deliver about 12 percent of the state’s electricity needs. The contracts,…...
Venezuela’s crude oil production growth is projected to be less than 200,000 barrels per day (b/d) by the end of 2024, despite the U.S temporarily lifting most of the sanctions on the country’s energy sector, according to an Oct. 23 report from the U.S. Energy Information Administration. Years of mismanagement and a lack of investment…...
The U.S. Department of Housing and Urban Development on Oct. 19 announced over $100 million in funding for new loans and subsidies to renovate the living spaces for 1,500 low-income households to cut energy waste and increase resilience to extreme weather events. The funding is a part of the Green and Resilient Retrofit Program, or…...
In the U.S. 6.8 gigawatts (GW) of electricity producing capacity from 10 natural gas fired electricity assets have come online so far in 2023 according to an Oct. 16 report from the U.S. Energy Information Administration. The agency estimates that an additional six natural gas fired electricity plants totalling 1.8 GW of capacity will come…...
U.S. households that utilize natural gas and those situated in the West, which together represent over half of all U.S. households, are expected to spend less on energy this winter in comparison to last winter, according to an Oct. 12 report by the U.S. Energy Information Administration. The agency expects residential energy prices for heating…...
The New York State Public Service Commission on Oct. 12 denied petitions seeking additional funding from consumers for four proposed offshore wind projects and 86 land-based renewable energy projects. The petitions filed by major offshore wind developers and a clean energy group sought amendments to power purchase agreements with the New York State Energy Research…...
U.S. crude oil exports reached a record 3.99 million barrels per day (b/d) during the first six months of 2023, up 650,000 b/d compared to the same period in 2022, according to an Oct. 10 report issued by the U.S. Energy Information Administration. U.S. crude oil exports during the period were at their highest levels…...
The Bureau of Ocean Energy Management on Oct. 6 announced the availability of its draft environmental impact statement for the construction and operations plan presented by US Wind Inc. for its planned Maryland Offshore Wind Project. The draft evaluates the possible environmental impacts of the state’s offshore wind projects and offers amendments to the planned…...
U.S. peak hourly electricity demand on July 27, 2023, reached 741,815 megawatt hours (MWh), according to an Oct. 5 report from the U.S. Energy Information Administration. The peak hourly demand was the second highest since 2016 and was marginally below the record high of 742,704 MWh last year on Jul. 20. U.S. peak electricity demand…
The states of Massachusetts, Rhode Island, and Connecticut, on Oct.4 announced an offshore wind multi-state coordination memorandum of understanding for offshore wind in New England. The collaboration, the first of its kind in the U.S, aims to capture cost reductions by facilitating the development of large-scale, viable offshore wind projects, thereby enabling the acquisition of…...
U.S. exports of natural gas averaged 20.4 billion cubic feet per day (Bcf/d) during the first half of 2023, up 4 percent compared to the same period in 2022, according to an Oct. 4 report by the U.S. Energy Information Administration. The increase in U.S. gas exports can be attributed to the continued growth in…
The average construction costs of natural gas-fired generators, wind turbines and solar PV systems declined in the U.S. during 2021 relative to 2020, according to an Oct. 3 report by the U.S. Energy Information Administration. Average construction expenditures declined by 18 percent for gas fired generators, 5 percent for wind turbines and by 6 percent…...
