Energy Update
Energy storage and solar+storage developers now have an online tool to help them pick the right systems for their commercial and industrial projects.
The General Assembly of Maryland just passed a bill that would provide a 30 percent tax credit to those who chose to utilize energy storage technology, making it the first state in the country to pass such legislation. The funds provided by the bill would last from 2018 to 2022.
Energy experts and policy makers around the globe are following developments in Alberta and Saskatchewan as they begin the first round of their competitive procurements for renewable electricity. These procurement programs aim to help the provinces achieve their renewable energy targets for 2030.
The Alaska Gasline Development Corporation (AGDC) has filed an application seeking permission to develop its Alaska LNG project from the Federal Energy Regulatory Commission (FERC) in the US.
Parkland Fuel has entered into an agreement to acquire Chevron’s downstream fuel business in Canada for $1.1bn.
(Wed, 19 Apr 2017) API gravity is one of the key characteristics of crude oil that, along with other characteristics such as sulfur content, is used by refiners when evaluating different crude streams for processing into petroleum products. In 2016, the majority (51%) of the 8.4 million barrels per day (b/d) of crude oil produced in the Lower 48 states was light oil, or less dense oil with an API gravity of 40.1 or above.
(Wed, 19 Apr 2017) This study commissioned by the U.S. Energy Information Administration finds that characteristics and costs of distributed generation are influenced by government policies, size, and application of the different technologies. Distributed solar photovoltaics (PV) and small wind are experiencing significant cost decreases through technological progress and economies of scale.
BGN has entered into an agreement with Statoil regarding Operational Well Model to drill the Tethys Prospect in PL682 by utilizing the Songa Enabler Semisubmersible Drilling Unit.
President Donald Trump recently issued an executive order to start the process of reviewing and, ultimately, attempting to disassemble the Clean Power Plan and its supposedly job-killing mandates.
The Board of Directors of Shunfeng International Clean Energy Ltd. (SICE) yesterday said that Atlanta-based solar cell and module manufacturer Suniva filed a voluntary Chapter 11 petition for relief under the U.S. bankruptcy code.
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