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Solar to displace natural gas in the daytime + in summer on the Texas grid

Baua Electric

Solar is forecast to displace natural gas in the middle of the day and in the summer on the Texas grid, according to the US Energy Information Administration (EIA). Texas’s electricity mix of energy sources managed by the Electric Reliability Council of Texas (ERCOT) electricity grid operator changed noticeably in 2023.

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EIA expects significant increases in US wholesale electricity prices this summer

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EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. Wholesale prices are especially tied to natural gas prices because natural gas-fired units are often the most expensive (marginal) generators dispatched to supply power. MMBtu in May 2021.

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SK Inc. Materials initiates blue ammonia business with offtake agreement with ExxonMobil

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Materials to pursue the offtake of blue ammonia from ExxonMobil’s planned low-carbon hydrogen project at its integrated complex in Baytown, Texas. The company says that blue ammonia will replace conventional coal as a main fuel and accelerate energy transition with less carbon footprint and cleaner power.

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IEA: global electricity demand growing faster than renewables, driving strong increase in generation from coal

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Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, according to a new report from the International Energy Agency.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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DOE awards $35M to 12 ARPA-E projects to reduce methane emissions; 5 on natural gas engines

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The US Department of Energy (DOE) announced $35 million in funding for twelve projects focused on developing technologies to reduce methane emissions in the oil, gas, and coal industries. Natural Gas Engines. Selection amount: $3,257,089). This would simultaneously reduce methane emissions and improve engine efficiency.

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EVs hold power to reduce impact of Texas-size weather events

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The Texas electricity crisis that left more than four million people without power for days amid below-freezing temperatures is forcing the state to rethink its reliance on traditional fossil energy resources like coal, nuclear, and especially natural gas.

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