Energy Update
NSTAR Electric Co. and Western Massachusetts Electric Co., d/b/a in Massachusetts as Eversource Energy, last week asked the state’s Department of Public Utilities to approve a rate recovery proposal for $100 million in energy storage research and demonstrations.
(Wed, 25 Jan 2017) EIA estimates that crude oil and other liquids inventories grew by 2.0 million barrels per day (b/d) in the fourth quarter of 2016, driven by an increase in production and a significant, but seasonal, drop in consumption. Global production and consumption are both projected to increase through 2018, but consumption is expected to increase at a faster rate than production. As a result, global balances are expected to tighten.
WASHINGTON ― The Environmental Protection Agency has frozen its grant programs, according to sources there. EPA staff has been instructed to freeze all its grants ― an extensive program that includes funding for research, redevelopment of former industrial sites, air quality monitoring and education, among other things ― and told not to discuss this order with anyone outside the agency, according to a Hill source with knowledge of the situation.
While the Trump administration and Republicans have taken their first steps in the start of the year to follow on promises to reduce government support and policies for clean energy, Democrats who recently took office also are working to achieve change on behalf of clean technologies.
The U.S. Department of Energy has awarded $9.8 million in funding toward pumped-storage and hydroelectric power conversion technologies as part of its HydroNEXT program.
U.K. Prime Minister Theresa May plans to try to turn the nation’s early adoption of clean energy into a global business after Brexit, according to a new industrial-strategy paper.
China will invest more than 700 billion yuan (approx. US$100 billion) in wind power facilities from 2016 to 2020, according to the National Energy Administration of China’s latest wind power development plan.
A “cutting-edge” waste-to-energy plant is to be built in the United Arab Emirates. The plant in Sharjah is planned to take up to 300,000 tons of waste each year and convert it into electricity.
The chairman of UAE renewables company Masdar last week revealed that it has invested $2.7 billion in clean energy projects since it was formed in 2006.
By poking the sleeping Chinese dragon US President Donald Trump may wake something that could be difficult to deal with later at the negotiating table.
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