Gas Demand Hits Lowest Level in 2 Years
DENVER – The latest Energy Information Administration (EIA) data register gasoline demand at 8.6 million barrels per day for the week ending December 28 – the lowest level on record since February 2017. Overall demand was down nearly 900,000 barrels despite a record holiday travel period. That suggests that winter demand could be lower than expected, further driving down already-foundering pump prices for the time being. Today's national gas price average is $2.23 and has declined for 12 wee...
Despite Drop in Share, APAC Will Lead Global Solar PV Market Volume through 2022, Says GlobalData
Despite a drop in its share, the Asia-Pacific (APAC) region, with its large population base and strong requirement for electricity generation capacity, will continue to influence the global solar PV module market over the forecast period 2018-2022, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Solar PV Module, Update 2018’, reveals that market saturation, reduction in subsidies and declining costs of technologies are the major factors impacti...
Global Commission Describes New Geopolitical Power Dynamics Created by Renewable Energy
Abu Dhabi, UAE: 11 January 2019 —Political and business leaders from around the world have outlined the far-reaching geopolitical implications of an energy transformation driven by the rapid growth of renewable energy. In a new report launched today at the Assembly of the International Renewable Energy Agency (IRENA), the Global Commission on the Geopolitics of Energy Transformation says the geopolitical and socio-economic consequences of a new energy age may be as profound as those which accomp...
Drillinginfo Provides Market Clarity in Report Focused on Price Drop Impacts
AUSTIN, Texas, Jan. 9, 2018 - Drillinginfo, the leading energy SaaS and data analytics company, has released After the Storm, a forward-looking report on the company's current view of the oil, natural gas, and NGL markets over the next five years. This update follows the market intelligence team's recent overview confirming crude oil prices have hit their peak price for the foreseeable future. The 50+ page report includes a depth of market insight including how speculative factors drove the p...
APAC Will Lead Global Wind Gearbox and Direct Drive Equipment Markets Over Next Four Years, Says GlobalData
Asia-Pacific (APAC) is expected to lead the global wind gearbox and direct drive equipment markets with a share of 46% and 53.5%, respectively over the forecast period (2018–2022), says GlobalData, a leading data and analytics company. The company’s latest report, ‘Wind Gearbox and Direct Drive, Update 2018’, reveals that the global trends of wind power are creating business opportunities for new and refurbishment markets. It states that prominent markets such as China, the US and EU, whi...
Site Work Commences for Wärtsilä 378 MW Power Plant in El Salvador
The technology group Wärtsilä commenced site work for a new 378 MW power plant being supplied on an Engineering, Procurement and Construction (EPC) contract in El Salvador. This facility, ordered by Energía del Pacífico, will be the largest and most efficient power plant in El Salvador, and one of the first in Central America to be fired by liquefied natural gas (LNG). The installation will feed electricity to the national grid. A dedicated floating LNG import terminal will be built at the same...
New Whitepaper Offers Smart City Roadmap for Public Power Utilities
WASHINGTON, D.C. — American Public Power Association, the voice of not-for-profit, community-owned utilities that power 2,000 towns and cities nationwide, and SmartEnergy IP™, a division of SmartMark Communications, announced today the release of “Creating a Smart City Roadmap for Public Power Utilities” whitepaper. The publication, prepared by SmartEnergy IP’s smart city subject matter expert, provides a roadmap for cities and utilities considering implementing a smart city program. The pap...
Climeon Wins Order Worth SEK 40 Million Within Geothermal Heat Power in Japan
Climeon has received an order from Iwana Power GK of Heat Power modules worth SEK 40 million. The Heat Power modules will be deployed as a geothermal power plant in the Gifu Prefecture in central Japan and are to be delivered in 2019. The order is placed by the Heat Power Operator Iwana Power GK, part owned by Baseload Power Japan and local entrepreneurs. - The high electricity prices and the country’s need for locally produced renewable energy makes Japan one of our most interesting mark...
Tri Global Energy Statement: Solar And Wind Energy Could Replace Coal In Texas
DALLAS - A new study from Rice University on the growing role of wind and solar electricity in powering Texas has been attracting widespread attention. John B. Billingsley, CEO for two of the state's premier renewable power developers, says that the study underscores the critical importance of renewable energy – both wind and solar -- in the state. The study points out that wind and solar electricity provided about 18 percent of Texas' power in 2017, but that thoughtful planning to optimize n...
TRC’s Fearless Predictions for 2019: Clean Power Advances, Pipelines Get Safer and Natural Gas Burns Hot
LOWELL, Mass. – TRC, a leading provider of end-to-end engineering, consulting and construction management solutions fueled by innovative technology, today released its bold predictions for 2019, which include clean power continuing to spread, long overdue improvements to our nation’s infrastructure (despite a labor crunch), new pipeline safety mandates from Congress, and natural gas-fueled power plants continuing to increase. “The U.S. economy has taken off over the last few years, an...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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