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…...
There is a growing focus on enhancing oversight, transparency, and stakeholder engagement in the integrated resource planning process for electric utilities across various states. The pursuit for a low-carbon future is driving the need for innovative policy initiatives to maximize…Read the full report…...
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…...
There is a growing focus on enhancing oversight, transparency, and stakeholder engagement in the integrated resource planning process for electric utilities across various states. The pursuit for a low-carbon future is driving the need for innovative policy initiatives to maximize renewable energy utilization and maintain grid reliability. Integrated resource plans (IRPs) that utilities file with state commissions identify the optimal mix of resources required to serve customers over a long-term planning horizon.
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…...
Natural gas prices at SoCal Citygate, the main price hub in Southern California, averaged $3.61 per million British thermal units (MMBtu) during December 2023, according to a March 25 report published by the U.S. Energy Information Administration. The average spot price during December 2023, was the lowest December spot price in eight years, when adjusting…...
Recent policy developments in the U.S. nuclear power industry indicate a growing recognition of the carbon-free nature of nuclear energy to support the energy transition. With Congress considering nuclear energy reforms, the Nuclear Regulatory Commission (NRC) proposing rules for…Read the full report…...
Recent policy developments in the U.S. nuclear power industry indicate a growing recognition of the carbon-free nature of nuclear energy to support the energy transition. With Congress considering nuclear energy reforms, the Nuclear Regulatory Commission (NRC) proposing rules for advanced reactor licensing, and state legislatures exploring the benefits of small modular technologies, the landscape of nuclear energy technologies is poised for change.