WEATHER: 6-10 & 8-14 DAY TEMPERATURES Weather and Demand Warmer temperatures are expected to sweep across the Eastern half of the United States this week, potentially easing the high energy demand we’ve been experiencing. The most recent Natural Gas storage report revealed a drop in production below 100 Bcf, likely due to wellhead freeze-offs that temporarily…
View detailsFOR IMMEDIATE RELEASE CLEVELAND, OH – January 2, 2025 – ScaleCo Capital (“ScaleCo”) is pleased to announce the appointment of Vin Zachariah as the Chief Executive Officer of TPI Efficiency LLC (“TPI” or “the Company”). In this role, Vin will oversee the strategic and operational direction of the organization. TPI is an energy management advisor providing solutions and support for…
View detailsWeather and Demand A chilly forecast is sweeping across the United States, promising another significant withdrawal from natural gas reserves in the coming days. Despite the extreme cold, production experienced a slight dip of a few Bcf/d last week, likely due to well freeze-offs in North Dakota and the Permian Basin. 6-10 & 8-14 Day…
View detailsJanuary Market Snapshot: Cold Snap Drives Prices Up The energy market is experiencing significant shifts as we enter the new year due to extended cold temperatures and supply concerns. Here’s what you need to know: Weather and Demand The cold temperatures we’ve been experiencing are forecast to extend into February, potentially leading to a more…
View detailsThe information provided about the Inflation Reduction Act (IRA) relates significantly to the HVAC industry in several ways: Emissions Reduction and Energy Efficiency The IRA’s goal is to reduce U.S. greenhouse gas emissions by up to 40% below 2005 levels by 2030, directly impacting the HVAC industry. This push for emissions reduction encourages the development…
View detailsWeather and Demand 6-10 & 8-14 DAY TEMPERATURES NATURAL GAS STORAGE REPORT Supply and Pricing Strategy UPCOMING LNG FACILITIES LNG Demand and Exports LNG exports have become crucial in natural gas pricing due to their impact on domestic storage. Recent developments include: NYMEX 12-MONTH STRIP ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month…
View detailsEnergy Market Newsletter: December 23, 2024 Weather Demand and Natural Gas Pricing As we approach the end of the year, the energy market is experiencing significant shifts. While the recent cold spell is easing, forecasts for a colder-than-expected early January have pushed gas prices up to $4.00. This marks the second cold winter shot, and…
View detailsThe USDA has announced a pause in accepting Inflation Reduction Act (IRA) applications for the Rural Energy for America Program (REAP) due to overwhelming demand. Key points include: This pause allows USDA to manage the application backlog effectively. Interested parties should act quickly to submit applications before the December 31 deadline for consideration in the…
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