Energy Update
In late 2018, I put out the call to see how many fellow energy nerds I could gather to indulge me in combining my passion for energy analysis and clean power policy with my love of fantasy sports. By the end of January 2019, I had my cast of characters who somehow thought this idea was as fun as I did (isn’t the Internet the greatest tool for finding people who share your interests?) and I released my Draft Preview.
General Electric Co. agreed to sell a majority stake in a solar-energy business to BlackRock Inc., giving the investment giant footing in a growing market as the ailing manufacturer shifts its focus elsewhere.
(Thu, 18 Jul 2019) The U.S. Energy Information Administration's (EIA) weekly estimates of natural gas storage capacity utilization published on July 12, 2019, exceed 50% in all regions for the second straight week. EIA updates estimates of underground storage capacity utilization by region each week in the Natural Gas Storage Dashboard. EIA created this metric to help analysts easily assess how full natural gas storage stocks are by region.
Global demand for air-conditioning is projected to triple over the next 30 years, as the planet warms and urban populations grow, particularly in emerging markets. Meeting that demand will call for significant investments in new cooling infrastructure and the electrical generating capacity necessary to power it. Although traditional cooling technologies are expected to become more efficient in coming years, countries will need to plan for these additional loads, which will be expensive.
The projects include a 999-MW wind facility being built north of Weatherford, a 287-MW wind facility being built southwest of Enid, and a 199-MW facility being built south of Alva. They are being developed by Invenergy.
Global infrastructure services firm AECOM said that Shell Retail has hired it to deliver ultrafast electrical vehicle (EV) chargers across the Netherlands. A total of 200 fast chargers – under the brand name Shell Recharge - will be available at Shell forecourts (filling stations).
Gas peaker plants may be among the first casualties of a new Minnesota law requiring utilities to include energy storage as part of their long-range plans.
Yesterday, National Grid, through its competitive non-regulated unit National Grid Ventures (NGV), completed its $100 million acquisition of Geronimo Energy - a wind and solar developer in North America. The deal, which was announced on March 7th, 2019, has now satisfied all regulatory requirements and closing conditions.
Plans are under way to rebuild one of Ontario Power Generation’s oldest hydroelectric generating stations, which was damaged by a tornado in 2018. Constructed in 1917, the 5-MW Calabogie Generating Station has produced renewable, low-cost electricity on the Madawaska River for decades.
Installed solar capacity in the United States exceeded 10 MW for the third year in a row in 2018, and the pace of growth is expected to continue. The first quarter of 2019 was the strongest in the history of the U.S. solar market, according to a recent report from Solar Energy Industries Association (SEIA) and Wood Mackenzie Power & Renewables. Yet inefficient and costly project financing inhibits many solar developers from tapping into the market’s true potential.
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Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.