Energy Update

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(Mon, 10 Jul 2017) On July 3, the Federal Energy Regulatory Commission (FERC) authorized Phase I of the Sabal Trail pipeline to begin full operation. Sabal Trail is a 515-mile interstate natural gas pipeline transporting natural gas from an interconnection with the Transco pipeline in Tallapoosa County, Alabama, to the Central Florida Hub in Osceola County, Florida.

As pressure to decrease photovoltaic solar power plant operating expenses, solar asset owners are looking for the best ways to find savings while avoiding risks to equipment performance and longevity. 

U.S. Geothermal Inc. last week said that three newly completed wells at its San Emidio II geothermal project could increase the previous reservoir estimate by about 28 MW.

After years in stealth mode, Google’s X has spun out Dandelion, a company that provides geothermal heating and cooling technology to homeowners at affordable costs. The company said it raised $2M in seed funding — led by Collaborative Fund and including ZhenFund and Borealis Ventures — to start sales and operations.

TenneT, the transmission system operator for the Netherlands, has signed a grid connection agreement with DONG Energy for the Borssele 1 & 2 offshore wind farms.

Elon Musk’s Tesla Inc. has won a tender to supply what the billionaire says is the world’s largest lithium-ion battery to back up the state of South Australia’s blackout-plagued power grid, making good on a promise first made over Twitter four months ago to help solve the state’s energy woes.

Scottish tidal energy company Nova Innovation is to head a consortium of nine leading industrial, academic and research organisations in a major new European project.

(Fri, 07 Jul 2017) The energy component of the Standard and Poor’s Goldman Sachs Commodity Index (GSCI) fell 11% during the first half of 2017, the largest decline for any commodity group in the index. Other components of the index—livestock, industrial metals, precious metals, and agriculture—had end-of-June prices that were higher than at the beginning of the year.

Sembcorp Marine refers to the announcement made on January 9, 2017, on a standstill agreement between North Atlantic Drilling Ltd (NADL) group and Jurong Shipyard Pte Ltd (JSPL), a wholly owned subsidiary of the Company, for the delivery of the semi-submersible drilling rig, the West Rigel.

Heerema Fabrication Group (HFG) has completed construction of the Culzean jackets for client Maersk Oil North Sea UK.

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