Energy Update
America’s power grid is a complex network of power plants and transformers connected by more than 450,000 miles of transmission lines. As a major clean energy contributor, U.S. hydropower plays an important role today for both electricity generation and energy storage. For more than 100 years, U.S. hydropower has been an important source of low-cost, low-emissions renewable energy.
Would you believe that there are now more people working in the solar industry than at oil rigs and gas fields? With a 20 percent increase in size, the solar industry added more than 35,000 jobs — making about 209,000 solar energy employees working in the U.S. alone.
(Thu, 26 Jan 2017) Yesterday the U.S. Department of Energy's (DOE) Office of Fossil Energy awarded contracts for the first of several sales of crude oil from the Strategic Petroleum Reserve (SPR). A Continuing Resolution enacted in December 2016 included a provision for DOE to sell up to $375.4 million in crude oil from the SPR. This sale will be the first of several planned sales totaling nearly 190 million barrels during fiscal years 2017 through 2025.
TransCanada has submitted a Presidential Permit application to the US Department of State for approval of the Keystone XL (KXL) Pipeline.
Germany-based entrepreneurial firm, Aquila Capital, opened an office this month in Oslo, Norway, to coordinate investment and transaction management as well as operations in the hydropower sector.
A high degree of correlation between various regional and global crude oil crude benchmarks can show how relationships have changed over the past year.
Jenn Runyon, Chief Editor of Renewable Energy World and Paula Mints, Chief Market Research Analyst with SPV Market Research discuss three hot topics in the global solar industry for three minutes each. Today’s topics include the official numbers for China's annual installed capacity for 2016, how the solar industry deceives itself with "alternative facts," and some of the changes already underway with the new U.S. government in place. Check it out.
Geothermal is quickly becoming the favorable path to profits for energy utilities. Here’s the how and why. Corporations are bound to perform in a fiscally responsible way for their stockholders.
China likely will become the largest energy storage market in the East Asia & Pacific region, with a potential to install about 9 GW of utility-scale and behind-the-meter systems in 2025, according to the World Bank.
The Geothermal Development Facility for Latin American this month began accepting expressions of interest for funding awards to cover geothermal exploration, drilling and well testing in 10 Latin American countries.
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