U.S. propane stocks are at the upper level of the previous five-year range (2019-2023), according to an Nov. 21 report published by the U.S. Energy Information Administration. U.S. propane stocks were recorded at 100 million barrels at the end of the week of Nov. 1,2024, around 11 percent higher than the previous five-year average. Propane…...
The U.S. Energy Department on Nov. 20 awarded up to $2.2 billion for Gulf Coast H2Hub and Midwest H2Hub to expand regional clean hydrogen production, delivery, storage, and consumption. HyVelocity which leads the Gulf Coast Hydrogen Hub is set to receive up to $1.2 billion, while the Midwest Alliance for Clean Hydrogen (MachH2) which leads…...
At the 29th Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change in Baku, U.S. Interior Department Acting Deputy Secretary Laura Daniel-Davis highlighted the progress made under the Biden administration in tackling climate change and economic inequity using nature-based solutions. Deputy Secretary Daniel-Davis spoke about the partnerships with international and…...
Massachusetts Governor Maura Healey on Nov. 20 signed into law the Mass Leads Act, which provides $400 million in capital resources over the next decade to drive progress in the offshore wind sector and to foster innovation, manufacturing, and deployment of climatetech solutions. The bill aims to spur Massachusetts’ economic growth by investing almost $4…...
The Southwest Power Pool (SPP), which manages the power grid across the central U.S., anticipates a 98.5 percent probability that the region will have sufficient power generation capacity to meet projected peak demand and maintain energy reserves this winter season, according to a Nov. 19 press release. This prediction is based on its annual winter…...
The U.S. Energy Department on Nov. 19 announced a $16 million funding opportunity for the research and development of High-Assay Low-Enrichment, HALEU, transportation technology. The funding aims to develop viable and cost-effective solutions to transport HALEU, and to obtain licensing from the Nuclear Regulatory Commission (NRC) for the new technology. The Energy Act of 2020…...
The monthly average price of spot natural gas at western Canada and northwestern U.S. border pricing hubs hit historic lows during the first 10 months of 2024, according to an Nov. 19 report published by the U.S. Energy Information Administration. The price decline can be attributed to firm natural gas production in western Canada, where…...
Major utilities have increased their annual spend to produce and deliver electricity over the last two decades, according to an Nov. 18 report published by the U.S. Energy Information Administration. Annual spend rose 12 percent from $287 billion during 2003 to $320 billion during 2023. The increase in annual spend can be attributed to capital…...
The U.S. Energy Department and the White House Office of Science and Technology Policy on Nov. 18 released a national blueprint for creating a cleaner and more competitive industrial sector. The department developed the blueprint in collaboration with several federal agencies to highlight how the government can enable the private sector to reduce emissions, improve…...
The U.S. Interior Department has released a new analysis report that estimates that investments from the 2021 Infrastructure Investment and Jobs Act, or IIJA, contributed to over $3.3 billion to the U.S. during the fiscal year 2024. Moreover, the law has provided over 28,000 employment opportunities. The IIJA, which represents the largest investment in U.S…....
States across the U.S. are implementing initiatives to enhance electric vehicle (EV) charging infrastructure as EV adoption continues to grow. Recent policies range from…Read the full report …...
The UK’s Office of Gas and Electricity Markets (Ofgem), on Nov. 15, approved a £2 billion funding package to construct the Eastern Green Link 1 (EGL 1) high-voltage subsea cable between Northern England and Scotland. The 196 km cable can transfer 2 gigawatts (GW) of electricity generated by wind farms between Torness, East Lothian, and…...
