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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 in the United States this summer (June–August) compared with the summer of 2021. million barrels per day this year and 12.8

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Plug Power invited to submit Part II Application for proposed $520M DOE loan guarantee for green hydrogen production network

Green Car Congress

The invitation for the Part II application is for a proposed $520-million loan guarantee from the DOE to support the use of green hydrogen to transform the materials handling, transportation, and industrial sectors in the United States. Today, Plug Power customers are the largest consumers of hydrogen in the United States.

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68% of primary energy imports to US in 2018 was crude oil; 48% of US energy exports were petroleum products

Green Car Congress

The majority (69%) of primary energy imported into the United States in 2018 was crude oil, with petroleum products and natural gas also having significant shares, according to the US Energy Information Administration (EIA). Small amounts of biofuels, electricity, and coal were also imported. Source: U.S.

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GM invests $390M in KS for next-gen Chevy Bolt EV production

Teslarati

General Motors (GM) is investing $390 million in Kansas for next-gen Chevy Bolt EV production. Last week, General Motors announced that it would end Chevy Malibu production, one of the last gas-powered sedans Chevrolet offers in the United States. Kansas isn’t the only state GM is investing in for EV production.

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Bakken Energy to purchase synfuels plant and convert to blue hydrogen production as part of $2B hydrogen hub project

Green Car Congress

Energy infrastructure developer Bakken Energy (Bakken) has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant.

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EIA: record US natural gas demand this winter led to largest storage withdrawal in four years

Green Car Congress

Net withdrawals of natural gas from US storage totaled 2,264 billion cubic feet (Bcf) this winter (November 2021 through March 2022). During the heating season, natural gas must be drawn from storage to meet this excess of demand over supply. On average, demand for natural gas in the United States exceeded supply by 14.9

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EIA expects a 2.4% increase in total US electricity consumption in 2022

Green Car Congress

The US Energy Information Administration (EIA) expects US electricity consumption this year to increase 2.4% According to the agency’s August 2022 Short-Term Energy Outlook (STEO), growth in renewable energy will meet most of the increased electricity demand this year. EIA expects US residential electricity prices will be 6.1%