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Associated Press: Construction will soon begin on the second commercial-scale, offshore wind energy project to gain approval in the United States, the developers said. The U.S. Department of the Interior approved it in November, and the Bureau of Ocean Energy Management issued its approval letter for the constructions and operations plan Tuesday, a major step […]
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offshoreWIND.biz: The US States of Maryland and Massachusetts have selected a total of four new offshore wind projects in their latest solicitation rounds, enabling the addition of more than 3.2 GW of new offshore wind capacity in the country that set its 2030 target to 30 GW at the beginning of this year. On 17 […]
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Energy Storage News: In the third quarter of 2021, almost as much energy storage was deployed in the US as was recorded for the whole of 2020, when the industry surpassed a gigawatt of installations for the first time ever. According to the latest quarterly US Energy Storage Monitor report from Wood Mackenzie Power & […]
Clark Williams-Derry
Lack of middle ground in prices causes unhappy oil and gas companies, consumers
The price of oil has become a lot like the weather: If you don’t like it now, wait a minute. In the spring of 2020, oil markets went into a deep freeze, with the Covid-19 pandemic, a Saudi-Russia price war, and growing supply gluts pushing U.S. oil prices into negative territory for the first time. […]
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Associated Press: The Biden administration approved an offshore wind farm off the coasts of Rhode Island and New York on Wednesday as part of a plan to deploy 30 gigawatts of offshore wind energy by 2030. The U.S. Department of the Interior announced it approved the construction and operations of the South Fork Wind project, […]
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S&P Capitol IQ ($): The movement to ban natural gas use in buildings reached a milestone in the second half of 2021, with California notching its 50th building electrification mandate. Meanwhile, the number of states prohibiting the policy appeared poised to top out around 20 this year, as all-electric construction ordinances advanced on the East […]
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Boston Globe: Mayor Michelle Wu of Boston signed a measure to divest city funds from the fossil fuel industry on Monday, adding Boston to the small number of major US cities that have taken the step to combat the climate crisis. After running on a Green New Deal for Boston — and advocating for divestment […]
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CNBC: Ground has been broken on a project dubbed the United States’ “first commercial scale offshore wind farm.” The construction’s kickoff, which took place on Thursday, represents another step forward for America’s fledgling offshore wind sector. Located in waters 15 miles off Martha’s Vineyard, near Cape Cod in Massachusetts, it’s hoped that the 800-megawatt Vineyard […]
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ReNews.biz: UK-based Low Carbon and the Massachusetts Mutual Life Insurance Company (MassMutual) have joined forces to build a global renewable energy independent power producer targeting 20GW by 2030. The partnership will also support Low Carbon’s ambition to raise third-party investment funds with the aim of directing capital into large-scale renewable energy infrastructure projects in the […]
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Huffington Post: Oklahoma’s biggest natural gas utility could soon charge customers who switch to electric stoves and heating systems an “exit fee” of nearly $1,400 to disconnect service, HuffPost has learned, setting a precedent that could help the industry lock millions of Americans into fossil fuel use for decades. The proposal is part of a […]
IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables
Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storageApril 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]