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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.

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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

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The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). Crude oil inventories reached a recent low of 413.9

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EIA: Average US retail gasoline price exceeds $3.00 for the first time since late 2014

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gal since 27 October 2014, according to the US Energy Information Administration (EIA). Shipments through Colonial Pipeline move about five miles per hour, so some markets may need to rely on regional inventories until the fuel on the Colonial Pipeline can transit the pipeline. gal and $3.04/gal,

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EIA: US average gasoline prices before Memorial Day highest since 2014

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per gallon (gal), the highest gasoline price before Memorial Day since 2014, according to the US Energy Information Administration’s (EIA’s) weekly Gasoline and Diesel Fuel Update. Gasoline prices in some US markets have been more than $3.00/gal The average US gasoline price on 24 May was $1.14/gal gal higher than a year ago.

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Hitachi Automotive supplying Li-ion packs to Nissan for the 2014 Pathfinder Hybrid

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—is supplying the 144V lithium-ion battery pack for the 2014 Nissan Pathfinder Hybrid sport utility vehicle now on sale in North America. The battery cells are being manufactured by Hitachi Vehicle Energy, Ltd., The battery cells are being manufactured by Hitachi Vehicle Energy, Ltd., Earlier post.).

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Purdue and Duke Energy to explore potential for SMR nuclear power source for campus

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Purdue University and Duke Energy plan to explore the feasibility of using advanced nuclear energy to meet the campus community’s long-term energy needs. According to the International Atomic Energy Agency, SMRs are among the most promising emerging technologies in nuclear power. —Purdue President Mitch Daniels.

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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million barrels—its lowest since May 2002— according to the US Energy Information Administration (EIA). Biden called the latest release a “wartime bridge” to increase oil supply until domestic production ramps up later this year. Test sales are relatively rare: the most recent test sale occurred in 2014. Background.

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