Energy Update
In December, 20 months into the top job at Germany’s Innogy AG, Peter Terium unveiled a 3 billion-euro plan to transform the utility into a provider of electric car technology, digital networks, and offshore wind farms. His goal, he said, was to become “a trailblazer of change. We do not wait to see what happens. We set trends.” Terium didn’t need to wait long to see what happened. A week later, he was out of a job.
In December, 20 months into the top job at Germany’s Innogy AG, Peter Terium unveiled a 3 billion-euro plan to transform the utility into a provider of electric car technology, digital networks, and offshore wind farms. His goal, he said, was to become “a trailblazer of change. We do not wait to see what happens. We set trends.” Terium didn’t need to wait long to see what happened. A week later, he was out of a job.
The two largest private wind energy projects in Alaska were froze out in February, stalled through decisions made by the Regulatory Commission of Alaska. Proponents say the impact is more than loss of green jobs and clean air; in the case of the Delta Wind Farm (DWF), it is threatening residents’ lives.
The two largest private wind energy projects in Alaska were froze out in February, stalled through decisions made by the Regulatory Commission of Alaska. Proponents say the impact is more than loss of green jobs and clean air; in the case of the Delta Wind Farm (DWF), it is threatening residents’ lives.
Getting inside President Donald Trump’s head was an early theme Monday at CERAWeek by IHS Markit.
(Tue, 06 Mar 2018) Estimated ethanol production margins at U.S. corn ethanol plants averaged 22 cents per gallon (gal) in 2017. Last year was the fifth consecutive year that margins have averaged more than 20 cents/gal, which has helped drive consistent ethanol production growth over that period.
(Tue, 06 Mar 2018) North Sea Brent crude oil spot prices averaged $65 per barrel (b) in February, a decrease of $4/b from the January level and the first month-over-month average decrease since June 2017. EIA forecasts Brent spot prices will average about $62/b in both 2018 and 2019 compared with an average of $54/b in 2017.
A ground-breaking ceremony was held today in Denmark to mark the start of a biomass plant conversion project that will make the facility more fuel efficient.
A ground-breaking ceremony was held today in Denmark to mark the start of a biomass plant conversion project that will make the facility more fuel efficient.
Illinois regulators last week approved a plan by Exelon Corp. subsidiary Commonwealth Edison Co. (ComEd) to build one of the first utility-scale microgrid clusters in the U.S. in the Bronzeville neighborhood on the South Side of Chicago.
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