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Energy Storage News: Plans to nearly double the output and capacity of the world’s biggest battery energy storage system (BESS) project to date have been announced by its owner, Vistra Energy. The Texas-headquartered integrated utility and power generation company said it wants to add another 350MW/1,400MWh BESS to the Moss Landing Energy Storage Facility in […]
IEEFA
ReNews.biz: Invenergy has contracted Infrastructure and Energy Alternatives subsidiary White Construction to build the planned 250MW Sapphire Sky wind farm in the US state Illinois. The $75m deal will see White Construction provide engineering and construction of 64 turbines and nearly 32km of private-land access roads. Work started on the project during the fourth quarter […]
IEEFA
Wall Street Journal ($): Companies are poised to install record amounts of batteries on America’s electric grid this year, as government mandates and a steep decline in costs fuel rapid growth in power storage. The U.S., which had less than a gigawatt of large battery installations in 2020—roughly enough to power 350,000 homes for a […]
Dennis Wamsted and Press Release
Financial concerns are likely to affect other PJM gas projects still in the planning phase
November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]
Clark Williams-Derry and Press Release
Decline in top-tier wells forces shift to less-productive Bakken oil and gas regions
November 3, 2021 (IEEFA) — A shortage of high-quality drilling sites poses a long-term risk to oil production in the Bakken formation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). Since the Bakken boom began 13 years ago, producers have focused on core areas where horizontal wells provide easier […]
IEEFA
Milwaukee Journal Sentinel: WEC Energy Group said Tuesday that it has set a goal of eliminating coal as a fuel source for its power plants by 2035. WEC Energy, based in Milwaukee, is the parent company of utility We Energies, also based in Milwaukee, and Wisconsin Public Service based in Green Bay. It also owns […]
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Reuters: A coalition of investors with more than $60 trillion in assets under management is preparing to call on electric utility companies globally to move up their timeline by as much as 15 years to bring their net greenhouse gas emissions to zero. Utilities account for about 40% of emissions worldwide, more than any other […]
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S&P Capital IQ ($): The city of Springfield, Ill., is closing a unit of the Dallman coal plant early, citing repair costs. The city said the 192-MW Unit 33, located in the Midcontinent ISO’s territory, was initially scheduled to close Sept. 15, 2023. Damage to the unit in June forced the generator offline, necessitating repairs […]
IEEFA
Source ($): S&P Global Market Intelligence Illinois Gov. J.B. Pritzker signed into law sweeping energy legislation Sept. 15 that includes financial support for the state’s nuclear plants and provides incentives to transition the state to cleaner energy. The Illinois Senate voted 37-17 on Sept. 13 to approve an amended version of S.B. 2408, a massive […]
IEEFA
E&E News ($): A yearslong drama over the future of Illinois’ energy mix and climate policy may be entering the final act, if not the final scene. Chicago-based Exelon Corp. has set Monday as the day it pulls the plug on the Byron nuclear plant in northern Illinois — one of the nation’s largest — […]
IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks
Eleven PJM projects under development may fail to prove financially viableOctober 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]