Department of Energy Releases Hydrogen Program Plan

November 13, 2020

The Department of Energy (DOE) just released its new Hydrogen Program Plan, outlining the strategic framework for researching and implementing hydrogen energy technologies. The program is designed to advance affordable production, transportation, storage, and use of hydrogen by different economic sectors and industries. It forms part of a cross departmental initiative with the Offices of […]

New Massachusetts Mandates for Face Coverings, Gatherings, and Business Hours

November 2, 2020

Over the past week, daily COVID-19 have been quickly increasing as Massachusetts slowly reopened businesses. This has seen a 300% increase in cases since Labor Day. Given this situation, Governor Charlie Baker has issued new orders and limits on face coverings, gatherings, and hours of operation for businesses. A state-wide mandate enforcing face coverings was […]

Rhode Island Utility Regulators Approve Natural Gas Rate Increases

October 29, 2020

The utility regulators in Rhode Island have approved National Grid to increase natural gas rates in the state following the COVID-19 economic impacts of $30.7M. However, only half of the impact ($15.35M) will be transferred to ratepayers at first, and the rest will be deferred. On average instead of an average payment increase of $97 […]

Natural Gas Prices – Biggest 2-Day Rise Since 2018

September 25, 2020

Between September 22 and 24 Natural Gas prices experienced a 23% gain in prices closing at $2.248/mmBtu, the highest two-day gain since November 11, 2018. Part of this is attributed to increased usage, and lower buildup of storage. The average five-year build of storage for the week ending on September 1st has been of 80Bcf, […]

CME Group Plans to Launch Water Based Futures

September 21, 2020

Recentlty CME Group, the world’s largest derivative exchange for different asset classes announced plans to launch the first ever water future. It is going to be based on the NASDAQ Veles California Water Index (NQH2) and is expected to be launched in late Q4 after regulatory approval. The initiative will serve as a tool for […]

Alternative Energy Opportunities in New York City: The East River

September 16, 2020

Tidal Power What is tidal power? Tidal power is created by converting energy from the tides to electricity using turbines places underwater. Unlike the wind and the sun, tides are very predictable making it a very reliable method of harnessing energy. Recently, Verdant Power announced it is developing an $8M project to install tidal turbines […]

Federal Court Paves Way For Competitive Energy Storage

July 15, 2020

On July 14th 2020 the US Federal Appeals court decided to uphold Regulatory Commission Order 841 giving way for transmission grid operators to open their markets for participation of energy storage assets. Across deregulated regions in the U.S this means in a near future storage will be competing with other generation assets in the wholesale […]

Division Between ISO-NE and Participants over Energy Security Proposal

April 23, 2020

On April 15, ISO-NE introduced a new proposal to the federal regulators of the Energy Security Improvements authority for improving reliability during shortages and winter months. Some of these initiatives include: Day-Ahead Replacement Energy Reserve (RER); Day-Ahead Energy Imbalance Reserve (EIR); Day-Ahead Generation Contingency Reserve (GCR). As mentioned, the main goal is of improving energy […]

Tesla, Energy Storage, and Grid Reliability

April 19, 2020

Found in South Australia is what many claim to be the “world’s biggest battery,” or the Hornsdale Battery, built by Tesla and Neoen, originally built with a 100MW/129MWh capacity. Recently, Tesla completed the construction of an additional 50MW/64.5MWh component. Together this brings the capacity to a total of 150MW/193.5MWh. The Hornsdale Battery works in the […]

How COVID-19 is Affecting Energy Peaks

March 31, 2020

How COVID-19 is Affecting Peaks The ongoing COVID-19 pandemic has changed the course of how businesses of all sizes operate, most directly reflected by changes in their energy consumption patterns. Measures being implemented to flatten the hospitalization capacity curve, have also flattened peak energy consumption times as seen below, shaving off the peaks. This indicates […]