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Dept. of Energy Report: US Wind Has Come Far but Faces Challenges

Jennifer Hermes

For US wind power, last year was both the best of times and the worst of times. That’s the conclusion from the new Wind Technologies Market Report released recently by the US Department of Energy (DOE) and prepared by DOE’s Lawrence Berkeley National Laboratory (LBNL). Wind power does a number of things very well: It produces   …Continue Reading

MWH Wins Contract to Develop Natural Gas for Alaska

Linda Hardesty

MWH Global signed a concession agreement with the Alaska Industrial Development and Export Authority (AIDEA) for the Interior Energy Project, which is designed to provide affordable energy to Interior Alaska. MWH signed the agreement on behalf of Northern Lights Energy, a newly formed wholly-owned subsidiary of MWH. As the concessionaire, Northern Lights Energy will arrange   …Continue Reading

NY Real Estate Group Procures Natural Gas Via EMEX

Linda Hardesty

The Nelson Management Group procured natural gas through EMEX’s live reverse auction and is forecasted to see a $400,000 reduction in energy costs. In order to mitigate and manage energy commodity risk, EMEX provided a review of Nelson Management Group’s portfolios, including consumption patterns and an assessment of both commodity and ownership risk-tolerances. Nelson Management   …Continue Reading

Renew 179D Tax Deduction, Says Energy Management Association

Linda Hardesty

Representatives Earl Blumenauer (OR-03) and Dave Loebsack (IA-02), along with 16 other members of Congress, introduced HR 5559, the Bridge to a Clean Energy Future Act of 2014. The bill would: -Extend the Production Tax Credit for wind energy through 2016. -Offer wind investors parity with solar investors, giving investors in each technology similar tax   …Continue Reading

Phillips Academy Procures Electricity Through World Energy Solutions

Linda Hardesty

World Energy Solutions has helped Phillips Academy, a college preparatory secondary school, to procure over 26 million kWh of electricity to power its campus. Through a series of competitive online auctions run on July 25, 2014 over the cloud-based World Energy Exchange, Phillips Academy tested 12 different terms and products for 80 accounts, including 70   …Continue Reading

Demystifying PACE

Jennifer Hermes

Only about 1% of the building stock in the United States is new, making the opportunity for efficiency projects in aging, energy-hog facilities an obvious opportunity. Yet, the problem with traditional financing is its lack of consideration of the actual financial impact of an efficiency project. Standard corporate loans are the antithesis of energy efficiency,   …Continue Reading

Energy Efficiency Financing…Failure or Opportunity?

Linda Hardesty

Mike Gordon, CEO of Joule Assets says McKinsey’s report, “Unlocking Energy Efficiency in the US Economy,” states that the US has the potential to reduce annual non-transportation energy consumption by roughly 23 percent by 2020. Gordon asks, Are you positioned to take advantage of this opportunity?

Flare Gas Captured, Used to Power Drilling Rigs

Linda Hardesty

A joint venture between GE and Ferus Natural Gas Fuels announced the expansion of a pilot project to capture flare gas and use it to power up to six of Statoil’s drill rigs and one frac fleet in North Dakota. Statoil, which is involved in oil and gas exploration, has been trialing the Last Mile   …Continue Reading

EIA: US Marketed Natural Gas Production Hits Record in June

Linda Hardesty

US Energy Information Administration Administrator Adam Sieminski issued the following comments on EIA’s latest Short-Term Energy Outlook. “US natural gas production is expected to increase 5.3 percent this year. US marketed natural gas production in June was a record 74.5 billion cubic feet per day. US natural gas production has shown very strong growth in   …Continue Reading

Google Invests $145M in Regulus Solar Project

Karen Henry

Google has agreed to provide $145 million in equity financing for the Regulus solar plant. When completed, the solar project will be SunEdison’s largest developed and constructed project in North America. Located in Kern County, Calif., the Regulus plant will begin operation later this year and will supply power to Southern California Edison through a   …Continue Reading

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