Today the Henry Hub Natural gas futures increased around 1.7% to $3.94/mbtu due to increased demand in regional and global gas markets, also led by higher temperatures in Western, Midwestern, and Southern U.S. Expected temperatures from the 90 – 100F this coming week are expected to result in a strong demand for natural gas. Additional….
The most recent forecasts for the 2021 Winter Season point to above average amounts of late-season snowfalls and below average temperatures. As natural gas prices climb to their highest since 2018, it will be very important to see how these conditions turn out. Given existing constraints in the natural gas market at this time a….
Cranberry farmers in Massachusetts are pushing solar developments by mounting solar panels over cranberry bogs to increase sustainability and revenues. The first of these in Massachusetts are expected to be completed in the remaining year in the town of Carver. It is a $53M project with 9MW of solar capacity being developed by Pine Gate….
The $2.8B – 800 MW offshore wind power project by Vineyard Wind is to become the first largescale wind farm in the U.S coast as it was approved by the Biden administration last Tuesday. Generally, projects of this type face a large amount of pushback from communities and become delayed. This event has been praised….
Divisive Clean Energy Future in New England Area Over the past years there has been a fight over the building of an AVANGRID power line bringing hydroelectric energy from Quebec to the New England area. The project is estimated to cost $1B, and last week was hit with a referendum that would kill the project….
Elon Musk unveiled a $100M prize pool for the Carbon Removal XPrize challenge for companies to design and build carbon capture technologies. More specifically, the goal is for teams to construct a project that makes a meaningful difference in removing carbon from the atmosphere, instead of just neutralizing it to slow global warming. Solutions with this specific….
Recently, the Baker Administration released a draft of the roadmap to achieve zero emissions by 2050, part of which includes the 2030 Clean Energy and Climate Plan (CECP). This plan establishes carbon reduction goals of 45% by 2030. We are currently at 22%, meaning this plan will require the building of more renewables and the….
As companies ask their employees to work from home more, residential energy usage is on the rise. In comparison to 2016-2019, residential electricity usage in 2020 has increased by 10%, commercial electricity usage has decreased by 12%, and industrial electricity usage has decreased by 14%. Particularly, this has been the case in the most densely….
Between September 22 and 24, natural gas prices experienced a 23% gain, closing at $2.248/MMBtu. This marks the highest two-day gain since November 11, 2018. Part of this is due to increased usage and lower buildup of storage. The average five-year buildup of storage for the week ending on September 18, 2020 has been 80….
On April 15, ISO-NE introduced a new proposal to the federal regulators of the Energy Security Improvements authority for improving reliability during shortages and winter months. Some of these initiatives include: Day-Ahead Replacement Energy Reserve (RER); Day-Ahead Energy Imbalance Reserve (EIR); Day-Ahead Generation Contingency Reserve (GCR). As mentioned, the main goal is of improving energy….