Energy Update

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The U.S. Bureau of Reclamation has awarded a contract worth $6.82 million to Andritz Hydro to modernize and overhaul three original pressure relief valves at the 2,078-MW Hoover Dam.

Queensland, Australia Treasurer Curtis Pitt said in December that the state plans to increase the size of solar power systems eligible for a feed-in-tariff (FiT) from 5 kW to 30 kW in an effort to encourage the uptake of solar.

The Arizona Corporation Commission (ACC) voted 4 to 1 on Dec. 21 to restructure how distributed generation (DG) is compensated and paid for in Arizona.

New solar installations in India this year will reach 9 GW, according to a new report from Mercom Capital Group.

Global geothermal firm Ormat Technologies is expanding its business into the energy storage and demand response sectors through the acquisition of Philadelphia-based storage solutions provider Veridity Energy for $35 million.

TORONTO, Jan 3 (Reuters) - Canada's main stock index vaulted
more than 1 percent on Tuesday, hitting its highest level in
more than 20 months on the first trading day of 2017, as a jump
in oil prices helped energy stocks lead a broad-based gain.

Jan 3 (Reuters) - Marathon Petroleum Corp announced
a series of steps to increase its stock price, including the
possible separation of its Speedway retail business, amid
pressure from hedge fund Elliott Management.

SAO PAULO, Jan 3 (Reuters) - Brazil's state-controlled oil
company Petroleo Brasileiro SA and Repsol Sinopec, a
joint Spanish-Chinese venture in the country, are handing back
exploration rights at the Piracucá field in the Santos basin due
to lack of commercial viability, the companies said.

Fossil fuels burn inefficiently. They are non-renewable energy sources, which means we only have a finite amount to work with on the planet. They produce pollutants and toxins that harm our environment. Yet, despite these major disadvantages, they continue to be used throughout the U.S. (and around the world).

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