Energy Update
(Mon, 15 May 2017) Exports of finished petroleum products from the Central Atlantic region of the United States (Petroleum Administration of Defense District, or PADD 1B) reached a record high in February 2017. Increased exports were driven by lower prices for several petroleum products in the Central Atlantic region compared with prices in other regions in the Atlantic Basin.
ESCO Technologies Inc. has acquired NRG Systems, Inc. (NRG), doing business as Renewable NRG Systems, located in Hinesburg, Vt. NRG, founded in 1982, provides design and manufacture of decision support tools for the renewable energy industry, primarily wind.
More than 200 guests were on hand today as Swiss utility Alpiq inaugurated the expanded 480-MW Forces Montrices Hongrin-Leman pumped storage hydroelectric plant.
Kansas utility Westar Energy recently signed an agreement that will provide commercial and industrial entities access to power purchase agreements for a 250-MW wind farm project.
The Maryland Public Service Commission, in a May 11 decision, awarded offshore wind renewable energy credits (OREC) to two projects to be built off the coast of Maryland.
Total has opened its revamped Carling – Saint-Avold petrochemical complex in eastern France after three years of transformation works.
(Fri, 12 May 2017) Nuclear power currently accounts for about 20% of electricity generation in the United States, playing an important role in electricity markets. EIAâs 2017 <em>Annual Energy Outlook</em> (AEO2017) Reference case assumes that about 25% of the nuclear capacity now operating that does not have announced retirement plans will be removed from service by 2050.
Figures for the deployment of utility-scale renewable energy projects in the U.S. over the past decade are truly breathtaking. Installed utility-scale wind power capacity in the U.S. has increased nearly sevenfold since 2007, reaching a cumulative level of more than 80,000 MW in 2016. Deployment of utility-scale solar has been even more impressive, reaching a cumulative level of more than 10,000 MW in 2016 from less than 160 MW in 2007.
AVANGRID Inc. subsidiary Avangrid Renewables has acquired a 50 percent ownership stake in Vineyard Wind, the offshore wind energy developer that is part of the Copenhagen Infrastructure Partners portfolio.
If you thought California’s lead as an energy storage market might fade in the face of upstarts such as Australia or Germany, then think again. Recent moves might see new gigawatts of capacity being installed across the state by 2020.
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