Global refinery margins for petroleum refiners are declining, which has led to lower financial profitability from selling petroleum products and refining crude oil, according to an Oct. 15 report published by the U.S. Energy Information Administration. The reduction in refinery margins can be attributed to relatively low demand for petroleum products, despite the agency’s projection…...
The U.S. Energy Department on Oct. 15 announced a $861.3 million loan guarantee to build two solar-plus-storage facilities and two standalone battery storage systems in Puerto Rico. These facilities, collectively called Project Marahu, would add up to 200 megawatts (MW) of solar PV capacity and 285 MW of battery energy capacity to the island’s grid…....
The California Energy Commission on Oct. 15 announced that its Demand Side Grid Support Program, or DSGS, has reached 515 megawatts (MW). The program helps to maintain a more reliable power supply by reducing load during times of high demand, such as during heatwaves.The initiative incentivizes customers for providing load reduction or backup power during…...
California State Treasurer Fiona Ma on Oct. 14 announced a $30 million agreement with the California Energy Commission to enhance access to the GoGreen Financing program for home energy efficiency upgrades. The partnership ensures that more than 7 million customers of publicly owned utilities continue to qualify for the GoGreen Home residential program. The agreement…...
California Governor Gavin Newsom on Oct. 14 signed legislation aimed to prevent future spikes in gas prices by requiring oil refiners to keep minimum fuel inventories in order to avoid shortages that could raise gas prices for consumers and boost industry profits. The bill intends to hold oil refiners accountable for manipulating gas prices, or…...
The Biden administration has taken significant action to foster renewable energy development on federal lands to support the clean energy transition. Recent actions include…Read the full report …...
The Biden administration has taken significant action to foster renewable energy development on federal lands to support the clean energy transition. Recent actions include efforts to expand solar energy development across 11 western states and streamline federal permitting processes, underscoring the administration's commitment to achieving a carbon-free grid by 2035.
The U.S. Environmental Protection Agency on Oct.11 announced the availability of $40 million in funding for environmental projects in the Mid-Atlantic region under the Environmental Justice Thriving Communities Grantmaking initiative. This initiative is a part of the Environmental and Climate Justice Program established by the Inflation Reduction Act, which allocated $3 billion for the program…...
The U.S. Energy Department has announced the release of a Carbon Management Strategy that provides a detailed roadmap through 2030 highlighting the various tools and methods the agency will utilize to enhance and utilize carbon management solutions in line with the Biden administration’s social, climate and economic plans. Carbon management is an umbrella term that…...
The Michigan Public Service Commission on Oct. 10 approved a settlement allowing Upper Michigan Energy Resources Corp. to increase its rates by $6.6 million. This is the utility’s first electric rate case since it was authorized to serve customers in December 2016. The amount approved is over 40 percent less than the utility’s initial request…....
The Michigan Public Service Commission on Oct. 10 adopted application procedures that electricity providers and independent power companies must follow when seeking approval for siting renewable energy projects. With the adoption of this new procedure, the commission clarified that the siting process should start at the local level in most instances and the commission can…...
U.S. electricity usage during summer 2024 in the Lower 48 states was highest at 6 pm on July 15, 2024 reaching around 745 gigawatthours (GWh), according to an Oct. 10 report published by the U.S. Energy Information Administration. Hourly demand during the peak of summer 2024 was similar to peak hourly demand in both 2023…...