U.S. biodiesel imports increased twofold during 2023 compared to 2022 and were recorded at 33,000 barrels per day (b/d), according to a May 28 report published by the U.S. Energy Information Administration. Moreover, U.S. biodiesel imports continued to increase in the first two months of 2024. Majority of the biodiesel imports come from Germany, whereas…...
Regulators and lawmakers across the U.S. are increasingly exploring the possibilities of deploying virtual power plants (VPPs) as a cost-effective means to provide grid services. VPPs have garnered attention as…Read the full report …...
The Federal Energy Regulatory Commission has released its annual summer market and reliability report, providing an outlook for energy markets and electric reliability for the period of June-September 2024. The report forecasts warmer-than-average summer temperatures that increase electricity demand and adequate generating availability, although extreme conditions could challenge specific regions. Data center consumption has been…...
Regulators and lawmakers across the U.S. are increasingly exploring the possibilities of deploying virtual power plants (VPPs) as a cost-effective means to provide grid services. VPPs have garnered attention as fossil fuel-fired power plants retire and renewable energy resources continue to grow amid increasing electricity demand.
The U.S. Energy Department’s Office of Petroleum Reserves has announced plans to release one million gas barrels from the Northeast Gasoline Supply Reserve to help lower prices during summer. The department said the initiative is strategically timed to ensure sufficient supply for the tri-state and northeast regions during a period of high demand – between…...
The retail price of regular U.S. gasoline averaged $3.58 per gallon(gal) as of the Monday before Memorial Day, according to a May 23 report published by the U.S. Energy Information Administration. The retail price of U.S. gasoline is one percent higher compared to the same period last year. The price increase can be attributed to…...
Meteorologists are predicting a stronger hurricane season this year, which elevates risk for weather associated production disruptions in the U.S. natural gas and oil sectors, according to a May 22 report published by the U.S. Energy Information Administration. Reports from AccuWeather are forecasting around 20 to 25 storms this year, with a likelihood of around…...
Electricity consumption from light duty vehicles surpassed that of rail systems in the U.S. in 2023, according to a May 20 report from the U.S. Energy Information Administration. Estimates of electricity consumption in the transport sector for the last five years show rail transport consuming the most electricity until 2022. This change reflects the increasing…...
Hydrogen technology continues to garner interest as an effective tool to support the progress towards net-zero emissions and decarbonize hard-to-electrify sectors. Recent developments include…Read the full report…...
Hydrogen technology continues to garner interest as an effective tool to support the progress towards net-zero emissions and decarbonize hard-to-electrify sectors. Recent developments include establishing a multi-year program plan to guide hydrogen innovation and selecting a consortium to help accelerate commercial liftoff of the clean hydrogen economy.
U.S. President Joe Biden has signed legislation banning uranium imports from the Russian Federation, and to boost the domestic nuclear industry. The legislation, titled Prohibiting Russian Uranium Imports Act, will take effect on Aug. 11. In addition to the ban, the U.S. uranium market will receive $2.72 billion in federal funding to expand uranium enrichment…