Texas Prevents Out-Of-State Gas Shipments as ERCOT Crisis Worsens

February 17, 2021

As Texas continues to see extreme cold weather the natural gas industry is facing extreme pressure from all angles. Governor Greg Abbott has decided to act on the matter by forbidding sales to power producers outside its borders through Feb 21. Natural Gas suppliers will have to sell to Texas power generation assets until that […]

Texas Polar Vortex Freezes Wind, Natural Gas, and Coal Generation

February 16, 2021

Residents across Texas found themselves covered in snow and freezing temperatures this Monday February 15th. People went inside their cars and turned on heaters as the temperature in their homes without insulation dropped below 40 degrees. The Electric Reliability Council of Texas (ERCOT) responsible for operating the electric grid issues rotating blackouts as generation assets […]

Elon Musk Offers $100M Prize for Carbon-Capture Challenge

February 11, 2021

Elon Musk – $100M Carbon-Capture Prize Challenge Elon Musk unveiled a $100M prize pool for the Carbon Removal XPrize challenge for companies to design and build carbon capture technologies. More specifically, the goal is for teams to construct a project that makes a meaningful difference in removing carbon from the atmosphere, instead of just neutralizing […]

Baker-Polito Administration Releases Net Zero Emissions by 2050 Roadmap

December 31, 2020

Most recently the Baker Administration released a draft of the roadmap to achieve zero emissions by 2050, part of which include the 2030 Clean Energy and Climate Plan (CECP). This plan establishes carbon reduction goals of 45% by 2030, and we are currently at 22% meaning this plan will require the building of more renewables, […]

Residential Electricity Use Increases Working From Home

December 1, 2020

As companies ask their employees to work from home, residential energy usage has jumped over the past year. In comparison to 2016 – 2019, residential electricity usage increased by 10%, commercial decreased by 12%, and industrial decreased by 14%. Particularly, this has been the case in the most densely populated areas of the U.S such […]

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 […]