Energy Update
(Tue, 20 Jul 2021) Iran holds some of the worldâs largest oil and natural gas reserves. Crude oil production has fallen since 2017, and natural gas production growth remains limited because of international sanctions and underinvestment. Iranâs crude oil production reached a 30-year low in 2020 as a result of sanctions and the impacts of the global COVID-19 pandemic.
Clearing the current queue backlog is the focus of the Southwest Power Pool (SPP) generator interconnection staff. However, they are missing a key long-term solution to address the root cause of backlog, identifying network upgrade costs for developers.
Our new report finds that installing rooftop solar panels and community solar systems to serve the equivalent of 30 million American homes would create significant economic benefits — including 1.77 million jobs and $69 billion electricity bill savings over the next five years — while addressing the climate crisis and historic inequities.
El Salvador’s first wind farm, the 54-MW Ventus Wind Project, has been commissioned by Guatemalan power developer Tracia Network Corporation.
Located in Metapán, the wind farm comprises 15 Vestas V136-3.6 turbines and was designed to help reduce the nation’s dependence on imported fossil fuels, provide greater stability in the price of energy and diversify the national energy power grid.
U.S. Secretary of Energy Jennifer M. Granholm today announced the U.S. Department of Energy’s (DOE) goal to reduce the cost of grid-scale, long-duration energy storage (of which pumped storage hydro is the largest source) by 90% within the decade.
Yesterday, the Federal Energy Regulatory Commission (FERC) approved an Advanced Notice of Proposed Rulemaking (ANOPR) related to transmission reform. The ANOPR, titled Building for the Future Through Electric Regional Transmission Planning and Cost Allocation and Generator Interconnection, recognizes that the electricity system is changing with the addition of more and more renewable energy provided by intermittent sources of fuel like wind and solar.
Fuel cell technology firm Plug Power and Apex Clean Energy are partnering on a 345-MW wind power purchase agreement and development of a green hydrogen facility driven by the zero-carbon electricity.
CleanCapital announced today that it has partnered with EPC and O&M provider Borrego to construct a 6.7-MW distributed generation solar project in Maine. The project will benefit from Maine’s Net Energy Billing (NEB) kWh Program and will sell power to residential off-takers at a fixed discount to the prevailing utility rate for a 20-year term. CleanCapital will provide financing for the project, which is expected to reach commercial operation in 2022.
Clean Energy Group (CEG), a national nonprofit that works on clean energy and climate, announced the retirement of Lewis Milford, its founder and president. His retirement will become effective on December 31, 2021.
Billions of dollars of investment flowing into renewable energy. A President pushing for solutions to combat climate change. Innovative technologies challenging the status quo. This is all very current, but it’s also exactly what happened in the first wave of renewables during the Obama administrations. For companies seeking success today in what’s shaping up to be the even bigger second wave of renewables, it’s wise to consider the lessons of the first wave.
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