Across the U.S. between January 2016 and August 2022, wind plant capacity factors reached their highest levels in March and April and were at their lowest in July and August, according to a Nov. 30 report by the U.S. Energy Information Administration. Geographical variations in wind resource potential implies wind production varies significantly across regions…....
The U.S. Department of the Interior’s Bureau of Land Management proposed a rule to address wastage of natural gas by flaring and venting during oil and gas production on federal and tribal lands. The main purpose of the rule is to increase efficiency by reducing the gas being wasted and expected to generate $39.8 million…...
The New York Independent System Operator on Nov. 28 reported that power supply in the state is projected to be adequate this winter, to fulfil estimated peak demand requirements, with 43,184 megawatts (MW) of electricity supply available. The grid operator projects peak demand for winter 2022-23 to reach 23,893 MW, an increase of 658 MW…...
Liquefied natural gas import capacity in the EU and the UK is projected to increase by 34 percent or 6.8 billion cubic feet per day (bcf/d) by 2024, in comparison to 2021, according to a Nov. 28 report from the U.S. Energy Information Administration. The projection is based on data from the International Group of…...
The thirty-third quarterly carbon auction held by California and Quebec sold more than 58.02 million carbon permits offered for current emissions at a price of $26.8 per allowance, above the floor price of $19.70, according to the results released on Nov. 23 by the California Air Resources Board. The settlement price is nearly 0.7 percent…...
Efforts to preserve and expand the U.S. nuclear fleet are figuring more prominently across the U.S., spurred by the growing demand for emission-free energy. In particular, policy actions and initiatives are geared towards making nuclear power more competitive.
The North Sea Transition Authority on Nov. 22 announced a new cost efficiency target for redundant oil and gas infrastructure. The authority is reducing the total projection for decommissioning redundant platforms, wells, and pipelines by an extra 10 percent, from £37 billion to £33.3 billion, between 2023 and the end of 2028. The 10 percent…...
The U.S. Energy Department on Nov. 22 announced a new funding opportunity worth $550 million through the Energy Efficiency and Conservation Block Grant, or EECBG, program that will reinforce community-based clean energy projects across the country to support local government and the deployment of clean energy technologies. The funding sponsored by the 2021 Infrastructure Investment…...
The Michigan Public Service Commission on Nov. 18 authorized DTE Electric Company to increase its rates by $30.557 million effective Nov.25. Earlier in January 2022, the company filed an application pursuing a $388 million rate increase to recoup increased investments in its production and distribution system to enhance reliable service to its 2.3 million consumers…...
Ambitious federal goals and initiatives to boost offshore wind power generation, coupled with state commitments, are opening new frontiers for the industry. Recent developments reflect the growing emphasis on transmission infrastructure upgrades and regional planning required to make these goals a reality.
The U.S. Energy Department on Nov. 18 announced $13 billion in new funding opportunities for the growth and modernization of the U.S. power grid. The Grid Resilience Innovative Partnership, or GRIP, program and the Transmission Facilitation Program, funded by the 2021 Infrastructure Investment and Jobs Act, collectively represent the largest federal direct investment in infrastructure…...
