U.S. coal exports to Europe increased by 22 percent to 33.1 million short tons (MMst) between August 2022 and July 2023, compared to the same period before the implementation of EU sanctions on coal from Russia (August 2021 – July 2022), according to a Nov. 2 report published by the U.S. Energy Information Administration. In…...
Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel…Read the full report …...
Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel two large projects off New Jersey has dealt a setback to the industry, reflecting the deepening financial challenges of the sector.
The U.S. Department of Agriculture’s Forest Service on Nov. 3 issued a proposed rule that would enable the agency to consider carbon capture and sequestration projects on national forests and grasslands. This move aims to align the regulatory structure with the U.S. Department of Interior’s Bureau of Land Management and meet President Biden’s ambitious goal…...
The Bureau of Ocean Energy Management on Nov. 2 announced that it is postponing Gulf of Mexico Lease Sale 261, which was originally planned for Sept. 27 and then rescheduled for Nov. 8 in response to court orders. Last month, the bureau announced that Lease Sale 261 will be held on Nov. 8 pursuant a…...
Gasoline production has become less profitable due to low demand and the shift to winter-grade gasoline, according to a Nov. 1 report from the U.S. Energy Information Administration. As a result, the difference between gasoline blendstock and crude oil prices dropped to multiyear lows in October 2023. The difference in price between a wholesale petroleum…...
The Bureau of Ocean Energy Management on Oct. 31 announced its approval of the fifth commercial-scale, offshore wind energy project in the U.S., the Coastal Virginia Offshore Wind project, located about 23.5 nautical miles offshore Virginia Beach. The project, expected to add 2,600 megawatts (MW) of clean energy to the grid, would be capable of…...
The U.S. Energy Department on Oct. 30 announced a $1.3 billion commitment in three transmission projects crossing six states – Arizona, Nevada, New Hampshire, New Mexico, Utah, and Vermont. The commitment will support transformative projects aimed to add 3.5 gigawatts (GW) of grid capacity throughout the U.S., equivalent to powering about 3 million homes and…...
There is a growing focus on regional collaboration to improve transmission planning and operations as grid operators and states explore strategies to enhance system reliability while transitioning to a lower-carbon grid. Recent actions include…Read the full report …...
There is a growing focus on regional collaboration to improve transmission planning and operations as grid operators and states explore strategies to enhance system reliability while transitioning to a lower-carbon grid. Recent actions include a comprehensive action plan to connect offshore wind projects to the electric grid and a multi-state proposal to establish a collaborative on interregional transmission.