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Home2024June

Month: June 2024

Plant Vogtle
Electrical Generation / Utilities

Plant Vogtle Becomes Largest Clean Energy Generator in the US

June 4, 2024 Mariel Alumit

Georgia’s Plant Vogtle has been named the largest generator of clean energy in the country after its fourth unit entered commercial service at the end of April 2024. It is the last of the constructed […]

Michigan
AI

In threat to climate safety, Michigan to woo tech data centers with new laws

June 4, 2024 Mariel Alumit

Michigan Democrats are poised to pass legislation aimed at attracting big-tech data centers, but opponents say the bills would destroy nation-leading climate laws the same legislators approved in November because the centers consume massive amounts of electricity. […]

Rye Development
Coal

Rye Development Converting Former Kentucky Coal Mine into 287 MW Pumped Storage Hydropower Facility

June 4, 2024 Mariel Alumit

Rye Development will receive $81 million in funding from the Department of Energy (DOE) to convert former coal mine land in Bell County, Kentucky, into a closed-loop, 287 MW pumped storage hydropower (PSH) facility – […]

BP and Shell
Big Oil Companies

Oil Price Plunge Hits BP and Shell Shares

June 4, 2024 Mariel Alumit

The slump in oil prices so far this week has dragged down shares in the top UK-based oil and gas supermajors, Shell and BP, with their stock falling on Tuesday and pushing London’s main FTSE […]

Japan
Electrical Generation / Utilities

In Japan, energy security fears put nuclear back in favour for 2040 plan

June 4, 2024 Mariel Alumit

TOKYO, June 4 (Reuters) – Japan is set to push for more nuclear power in an energy policy update due next year, seeking stable electricity supply in face of growing demand and heightening geopolitical risks, […]

Excelerate
LNG

Cyclone damages Excelerate’s FSRU in Bangladesh

June 4, 2024 Stu Turley

Excelerate Energy’s 138,000-cbm FSRU Summit LNG, which serves Bangladesh’s second LNG import terminal located offshore Moheshkhali Island in the Bay of Bengal, was damaged last week during cyclone Remal. “Excelerate Energy is aware of an […]

National Grid
Grid

National Grid begins work on Sunderland gigafactories substation

June 4, 2024 Mariel Alumit

National Grid has commenced work on a new 275kV substation at the International Advanced Manufacturing Park (IAMP) to enable new gigafactories and other businesses to connect directly to the electricity transmission network. The IAMP is […]

Climate
Climate Crisis

Who Pays for Climate Action?

June 4, 2024 Mariel Alumit

Small island states are pointing the way on finding innovative funding. If average global temperature rises are to be limited to 1.5 degrees Celsius above preindustrial levels (in line with the 2015 Paris Agreement), climate […]

energy prices
EIA News

Lower energy prices reduced the trade value between Canada and the United States in 2023

June 4, 2024 Mariel Alumit

The value of energy trade between the United States and Canada decreased in 2023 from the record set in 2022 as energy prices fell, according to data from the U.S. Census Bureau. Although the amount of […]

U.S. natural gas prices
EIA News

U.S. natural gas prices calmed after a volatile 2022

June 4, 2024 Mariel Alumit

As average prices of U.S. natural gas fell in 2023, natural gas prices also became less volatile compared with 2022. Historical volatility, a measure of daily price changes relative to average prices, eased from the recent highs […]

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