Dominion Resources says it will install 2,500 solar panels at a Capital One Financial Corp. project in Virginia with the eventual capacity of 500 kilowatts, as well as purchasing two solar energy projects from EDF Renewable Energy in California totalling 42 megawatts, the Richmond Times-Dispatch reports.
Duke Energy is committing to installing three solar facilities in North Carolina as well as signing power purchase deals with five other new solar projects in the state, for a total of 278 megawatts of capacity at a cost of $500 million, the Charlotte Business Journal reports.
Successful tests – in Canadian Maritime Provinces and in the U.S. as well -- point to the use of electric water heaters and space heaters linked to the grid through wireless controllers as a cheap method of storing excess energy like that generated from wind power, E&E reports.
The staging area to gather workers, materials and equipment to build the Cape Wind offshore wind farm will be in New Bedford, Massachusetts, as the company behind the project has signed a two-year, $4.5 million lease with the state to use a terminal at the port there, The Boston Globe reports.
BURLINGTON, Vt. (AP) — Vermont's largest city has a new success to add to its list of socially conscious achievements: 100 percent of its electricity now comes from renewable sources such as wind, water and biomass.
With little fanfare, the Burlington Electric Department crossed the threshold this month with the purchase of the 7.4-megawatt Winooski 1 hydroelectric project on the Winooski River at the city's edge.
When it did, Burlington joined the Washington Electric Co-operative, which has about 11,000 customers across central and northern Vermont, which reached 100 percent earlier this year.
Renew Missouri is suing the state Public Service Commission over Empire District Electric Co.’s stance that it is exempt from solar provisions in the state’s renewable energy standard, and arguments are to be heard before the Missouri Supreme Court in the case Sept. 18, E&E reports.
Sen. Ron Wyden, D-Ore. is wading back into the debate over energy tax breaks, a controversial thicket that pits renewable energy and biofuels advocates -- and President Barack Obama -- against conservatives and the oil lobby.
Wyden, who chairs the Senate Finance Committee, said Thursday he will use a hearing next week to press for ways that comprehensive tax reform could level the incentives for renewables and fossil fuels.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.