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Companies and cities are increasingly adopting lower-carbon fleets — including trucks and buses that run off electricity, renewable diesel and renewable naturalgas — according to a new report from the research team at Gladstein, Neandross and Associates (GNA). . Wed, 08/12/2020 - 00:15. Clean Fleets. Sponsored Article. Courtesy of.
Exxon’s 2018 revenues were half of what it made a decade earlier; in 2019, it was only $14.3 The Institute for Energy Economics and Financial Analysis reported that "the world’s largest publicly traded oil and gas companies shelled out a total of $71.2 NaturalGas. Last year, no fossil company made the top 10 list.
Earlier this year, Pacific Gas & Electric faced pushback from environmental and solar and energy storage industry groups to a plan to deploy naturalgas generators to back up communities facing multi-day fire-prevention blackouts. Naturalgas vs. diesel vs. solar-storage.
Of the six “pathways” Duke lays out for halving carbon emissions by 2030 and reaching net-zero carbon by 2050 , only one would avoid building new naturalgas plants. gigawatts of new naturalgas capacity. The rest propose between 6.1 gigawatts and 9.6
A seemingly significant milestone was confirmed on 16 February for the gas grids in Northern Ireland which will see the injection of biomethane into the SGN NaturalGas network this year through a unique collaboration with Granville Eco Park Ltd, part of the Bio Capital Group and based in Dungannon.
It's aiming to be the first shipbuilder to deliver a cargo ship for ocean operation that runs entirely on fuel cells powered by naturalgas. In 2018, the International Maritime Organization set the goal to halve emissions for commercial ships from 2008 levels by 2050. And the goalposts are high.
Europe's biggest natural-gas infrastructure firm recently launched a new hydrogen business. Perhaps the most obvious use for green hydrogen is to simply replace the large amounts of the gas that are already produced using carbon-intensive methods to satisfy the needs of industry. A hydrogen economy in the U.S.
Alongside a big boost in its energy efficiency efforts, TEP says the plan would allow it to avoid building any new naturalgas plants. Jared Polis won the 2018 election on his call for the state to adopt a 100-percent renewables by 2040 target, and continues to press lawmakers for a more aggressive policy.
In order to manufacture products, companies in the industry sector must burn fuel, typically naturalgas, to create heat. Technologies such as geothermal, biomass and solar, which Skyven initially focused on, can provide an alternative to naturalgas to generate heat for industrial processes.
Today, I want to cover the production and consumption of naturalgas. Naturalgas is the cleanest of the fossil fuels. Looking ahead, naturalgas is projected to be the only fossil fuel that will see substantial demand growth over the next two decades. shale gas boom propelled the U.S. But the U.S.
But the blackouts were also a side effect of the state’s increasing shift to solar power and away from natural-gas-fired generators, according to state grid operator CAISO and Wood Mackenzie analysts. ” California has also lost a good deal of the generation capacity that it had in years past, he said.
In Kentucky, coal still generates the great majority of electricity; 75 percent in 2018, according to the Energy Information Administration. Though coal is steadily losing its crown, new naturalgas combined cycle plants will remain more economic than building large-scale solar projects in some parts of Kentucky for the next couple years.
According to the WSP assessment, about 46 percent of ADM’s energy consumption in 2018 (28.6 million MWh) came from naturalgas. It’s more likely, instead, that the company will opt for multiple options that also include biogas, renewable naturalgas and — potentially in the future — hydrogen. "We
Dominion Energy marked two key milestones in its Thursday third-quarter earnings call — its exit from its interstate naturalgas pipeline business, and its latest steps toward building the mid-Atlantic’s first gigawatt-scale offshore wind farm. per share in net income reported for the third quarter of 2019.
But in the Midwest, with the harshest winters in the lower 48, it has been cheaper to stick with naturalgas as a heating source. Previously, naturalgas accounted for about 65 percent of the building’s $65,000 annual energy costs. But even in colder climates, the outlook is starting to change.
Read time: 13 mins On February 15, 2018, a fracked naturalgas well owned by ExxonMobil's XTO Energy and located in southeast Ohio experienced a well blowout, causing it to gush the potent greenhouse gas methane for nearly three weeks. The obscure accident ultimately resulted in one of the biggest methane leaks in U.S.
NV Energy, which provides about 81 percent of Nevada's electricity, is seeking to double its renewable energy capacity between 2018 and 2023, and meet a new 50 percent by 2030 renewable portfolio standard passed this year. PacifiCorp, the 1.9-million-customer
11) Pittsburgh-based naturalgas producer EQT announced it is buying back gas pipeline giant Equitrans Midstream Corp. EQT spun off Equitrans (ETRN:NYSE) in 2018. The reunion will create a $35 billion company that EQT describes as “a premier vertically integrated naturalgas business.”
Energy Information Administration’s data shows that the overnight capital cost required to build new onshore wind and conventional naturalgas combined-cycle power plants in the U.S. decreased by 38 percent and 2 percent, respectively, between 2010 and 2018.
The startup spun out of Google parent company Alphabet's moonshot factory, X, in 2018. The funding news came after an extreme winter storm blacked out the Texas grid for days on end, highlighting the value of power sources that can ride through multiday shortages of naturalgas or renewable generation.
and represent over a third of greenhouse gas emissions. Besides the strong commitment to increasing localized generation of renewable energy from solar for the local real estate, the Clean Energy Act ( CEDC ) of 2018 has prioritized energy efficiency in the U.S. capital’s buildings. . Everyone contributes to financing efficiency.
At many of these facilities, fossil fuels, and especially naturalgas, are the energy feedstock used for process heating applications. America’s craft beer industry, to cite one example, could be an ideal market to turn to solar thermal technology in place of naturalgas. Cheaper than naturalgas.
naturalgas supply network was stressed by record demand and prices. Energy Information Administration, for the 9-day stretch from February 9 through yesterday February 17, naturalgas provided about 35 percent of the U.S. Weighing the costs of redundant naturalgas or renewables build-outs. First, the U.S.
Arizona Public Service released its plan for reaching zero-carbon by 2050 , with multiple options to balance the costs and carbon benefits of switching from coal and naturalgas to renewables, batteries, distributed energy resources and as-yet-untested technologies. ” Short-term goals: Lots of new renewables, no new naturalgas.
That’s nearly quadruple the targets laid out in Dominion’s 2019 IRP, and a major shift from a 2018 IRP that was rejected by Virginia’s regulator, the State Corporation Commission (SCC). Retreat from naturalgas not enough for environmental advocates. gigawatts of energy storage over the next 15 years.
Berkshire Hathaway’s MidAmerican Energy in Iowa , for example, served nearly half of its customers’ power needs in 2018 from its 6,500-megawatt wind fleet. gigawatt generation fleet comes from coal-fired power plants, while naturalgas makes up about a quarter more, and nuclear power one-tenth.
Responses will help inform options to meet its FlexPower Bundle plan, which envisions adding about 900 megawatts of solar, 50 megawatts of energy storage and 500 megawatts of “new technology solutions” to replace the need for buying natural-gas-fired power from outside power plants. Sommers natural-gas power plants.
“Alternatively-powered vehicles” (including naturalgas, hybrid and electric) combined accounted for 15% of the EU bus market in 2019. Buses powered by “alternative fuels” (almost all naturalgas) sold 2,504 units in the EU last year, which represents an increase of 68% compared to 2018.
The new funding will allow Dandelion to invest in its product development and expand its geographic reach in New York, Connecticut and Massachusetts, he said, where many residential fuel oil or natural-gas heating systems are ripe for replacement with geothermal systems. About three-quarters of U.S.
utilities in setting a net-zero carbon target for 2050, aiming to balance the emissions from its sizable fossil fuel-fired generation fleet and sprawling naturalgas business with reductions to be gained by expanding its portfolio of renewable energy and energy efficiency. Alabama Power seeking 2 gigawatts of new gas generation.
The utility’s latest Integrated Resource Plan (IRP), which SMUD adopted in 2018 and the California Energy Commission (CEC) approved in January 2020, included numerous incentives for electric retrofits and all-electric new buildings to allow SMUD to meet its net-zero electricity target.
NextEra continues to invest in naturalgas — on Monday the company announced the signing of an agreement for the 50-mile Lowman pipeline in Alabama and discussed plans to acquire the Meade Pipeline Company. per share for Q3 2018. ” Naturalgas challenges, solar growth, Hurricane Dorian recovery costs.
By 2023, the capital cost for new battery manufacturing capacity is expected to decline by more than half compared to 2018. The rapidly increasing penetration of stationary storage will begin to make naturalgas plants uneconomical, and much fossil fuel-related infrastructure will become stranded.
That will be the challenge for oil and gas companies in the coming years. Source: BP Outlook 2018. An example of this is the creation synthetic fuel, where naturalgas is recombined into liquid fuel products (also called Gas-To-Liquids or GTL). A huge amount of energy is required to transform these chemicals.
gigawatt generation fleet from 52 percent to 40 percent, while reducing naturalgas and oil from 38 percent to 26 percent. Since 2005, Evergy has reduced the share of coal-fired power in its 6.2-gigawatt gigawatts of nameplate capacity as of 2020. Similarly, Xcel Energy, which serves about 3.3 million electric and 1.8
360 million metric tonnes of new plastic was produced in 2018. In 2018, the world produced 360 million metric tonnes of plastics. In addition to the greenhouse gas emissions, the energy expended in the GPPTN is estimated to be the equivalent of 1.5 Where did it all go?
Much of the new renewable capacity being built around the world is being offset by new coal and gas capacity, leaving the global generation mix more or less how it was in 2000. Even those utilities and independent power producers (IPPs) prioritizing renewables are adding further naturalgas and coal capacity, in most cases.
The upshot is that a region with big climate goals and physical constraints on its naturalgas supply will meet its hours of greatest electricity demand with a bit more battery power and a bit less gas-fired power. Gas plants are the go-to source of on-demand power for the U.S. Expansion at Plus.
In June, Massachusetts Attorney General Maura Healey asked the state's Department of Public Utilities to open an investigation into the future of naturalgas companies in the state. “We don’t get to 2050 unless the lion’s share of those — 75 percent, 80 percent — are off naturalgas entirely.
last year, which was less than half the rate of 2018 (2.8%). Naturalgas contributed the second largest increment with 36% of the increase. The remainder of global energy consumption came from coal (27%), naturalgas (24%), hydropower (6%), renewables (5%), and nuclear power (4%).
Last week, a nationwide study by researchers at Carnegie Mellon University ( CMU ) found that the country’s air quality deteriorated in 2017 and 2018 — a dramatic reversal of improvements recorded over the prior seven years. Tags: Consumer Energy Alliance pennsylvania fracking naturalgas air quality
Coal made up 31 percent of its capacity as of 2018, while naturalgas accounted for about 42 percent. Alliant serves about 1 million customers in Wisconsin and Iowa, and gets about 20 percent of its generation capacity from renewables today, mostly from wind farms in Iowa.
PG&E has been held criminally responsible for 84 deaths in the November 2018 Camp fire and is under criminal probation for its role in the deadly 2010 San Bruno natural-gas pipeline explosion. PG&E’s first challenge is to prevent its equipment from causing any more wildfires before it exits bankruptcy.
Batteries will become a key grid asset during the first half of the 2020s, and long-duration projects will start to displace diesel, oil and natural-gas plants. ” WoodMac: Solar Plants Cheaper Than NaturalGas ‘Just About Everywhere’ by 2023 (May 2019).
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