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Europe: +44 (0) 207 198 1634 Source: U.S. Energy Information Administration, based on Lindoe Offshore Renewables Center In July, American offshore wind developer, Deepwater Wind, installed the first foundation for what is expected to be the first offshore wind farm in the United States. The project will be located three miles southeast of Block Island, Rhode Island. With five turbines totaling […]
An alert calling for electricity conservation was issued Thursday to help protect the stressed Texas electric grid. The Electric Reliability Council of Texas is asking electric consumers to limit their electricity usage today during the peak hours of 3 p.m. to 7 p.m. The string of 100-degree-plus days led to record-setting power demand on three […]
Please note: This will be the last Morning Energy Blog until August 21st. I will be on vacation with my two teenage daughters trying to do some bonding, if that’s even possible with teenagers. Equites and the Economy As I mentioned yesterday, the global equities market got hit with a tsunami yesterday when Monday night […]
Note: Tomorrow will be the last Morning Energy Blog until Friday August 21st. The author is taking a long overdue vacation with his daughters. Equities and the Economy U.S. stocks had a great day yesterday (finally) closing near their highs for the day. The Dow shot up 242 points, 1.39%, at 17,615, the S&P 500 […]
Equities and the Economy Good morning and happy National S’mores Day. U.S equities closed lower on Friday for the 7th consecutive day with the Dow falling 47 points to 17,373, the S&P 500 closing down 6 at 2,078 and the Nasdaq off 12 to 5,044. Things though could have been much, much worse for the […]
Is 55 gigawatts of new offshore wind by 2020 possible? Nearly 130 gigawatts of installed wind power accounted for more than 8 percent of Europe’s electricity demand in 2014, according to a new report from the European Commission. That figure might not seem particularly large, especially since renewable energy accounted for 78 percent of Germany’s power consumption one afternoon […]
Equities and the Economy Good morning and happy National Raspberries N’ Cream Day. U.S. stocks ended lower once again yesterday primarily driven but weak earnings, but technicals are also playing a role. Regarding the former, it was the media companies turn to get slammed yesterday (remember this is after Disney, another stock market “general,” lost […]
Equities and the Economy Good morning and happy National Fresh Breath Day. U.S. stocks closed mostly higher yesterday although the Dow was unable to shake off a weak performance by Disney (down 9%,ouch!) and, once again, energy shares. After flipping between gains and losses yesterday the Dow ended off 11 at 17,540 while the S&P […]
The Texas electric grid broke the all-time record for hourly demand between 4 p.m. and 5 p.m. Wednesday as temperatures continue to peak above 100 degrees, according to the Electric Reliability Council of Texas. The ERCOT system demand reached 68,459 megawatts within the record 60-minute time frame, which exceeded the previous Aug. 3, 2011 record […]
Source: U.S. Energy Information Administration, Monthly Energy Review Note: Data exclude emissions from biomass energy consumption. The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April 2015, the lowest for any month since April 1988, according to the most recent estimates in EIA’s Monthly Energy Review. In any year, April is typically the […]
