Energy Update
Proposed net additions to generating capacity by utility-scale wind and solar in the U.S. could total 116 GW by December 2020 — effectively doubling their current installed capacity of 115.5 GW, according to the latest issue of the Federal Energy Regulatory Commission’s Energy Infrastructure Update, with data through Nov. 30, 2017.
A new group of microgrids has been proposed to help support Connecticut’s critical facilities in the event of an emergency. The proposals are part of the latest round of applications that were due Jan. 1 for funding under the state’s Department of Energy and Environmental Protection (DEEP) microgrid program.
In December 2017, a steering committee constituted in the wake of Hurricane Maria that devastated Puerto Rico wrote a report, "Build Back Better: Reimagining and Strengthening the Power Grid of Puerto Rico," for Gov. Andrew Cuomo, New York, Gov. Ricardo Rosselló, Puerto Rico, and William Long, Administrator of the U.S.
(Fri, 05 Jan 2018) Estimated U.S. natural gas demand on January 1, 2018 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to estimates from PointLogic. Much colder-than-normal temperatures across much of the United States have led to increased demand for heating, much of which is provided by natural gas.
(Fri, 05 Jan 2018) Sustained cold weather and high natural gas consumption pushing up spot natural gas and electricity prices.
Even as uncertainties loom, the outlook for clean energy technologies and business models is bright. We can pin this optimism in the concrete: Three decentralizing trends are empowering state capitals, consumers, and the capital markets to lead the way on climate action — and, in turn, those trends are favorably transforming the opportunity landscape for clean energy technologies and business models.
A bill filed this week in the Florida state legislature aims to establish a pilot program to demonstrate the benefits of solar and energy storage during natural disasters or state emergencies.
India, the largest buyer of solar equipment from neighboring China, is considering a 7.5 percent tax on imported solar panels, according to government officials with knowledge of the situation.
The US crude blend LOOP Sour was heavier and more sour in December, with about 52% of imported barrels consisting of heavy sour grades.
(Thu, 04 Jan 2018) Crude oil prices ended 2017 at $60/barrel (b), the highest end-of-year price since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year $6/b higher than at the end of 2016. Brent prices have moved up $10/b since the end of 2016 and ended the year at $65/b, widening the Brent-WTI spread to $5/b at the end of the year, the largest difference since 2013.
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