Energy Update
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.
Southern California Gas is partnering with a development team to advance a new process that converts natural gas to hydrogen, carbon fiber, and carbon nanotubes.
DeepOcean, a subsidiary of DeepOcean Group Holding (DeepOcean), has won a contract for performing marine operation scope on the Snorre Expansion Project in the North Sea.
When Shakespeare’s Duke in As You Like It is deposed and forced into exile by his wicked brother, losing everything and living rough in the woods, he fears all is lost. But he soon sees unexpected blessings. So too do we in the year now ending.
2017 was a whirlwind of energy market records, policies, and reports. And here’s my list of the big seven areas of note.
New York Gov. Andrew Cuomo yesterday said that the state is launching an initiative to deploy 1,500 MW of energy storage by 2025. To support that goal, Cuomo also proposed that the NY Green Bank commit at least $200 million for storage-related investments.
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