First Solar brings US manufacturing investment to $4B after selling out of panels through 2025
The company wants to bring its annual domestic manufacturing capacity to 10.6 GW by 2025. The story >>
DetailsEIA: U.S. Natural Gas Consumption reached a Record Daily High in Late December 2022
On December 23, 2022, natural gas consumption in the U.S. Lower 48 states reached a daily record high of 141.0 billion cubic feet (Bcf), according to estimates from S&P Global Commodity Insights. The previous record was 137.4 Bcf, set on January 1, 2018. Below-normal temperatures in mid-to-late December increased demand for natural gas used for…
DetailsMarket Snapshot: Monday, January 30, 2023
THE WEAKENING OF THE COLD FRONT KEEPS PRICING DOWN BELOW $3.00 THE NATURAL GAS MARKET REMAINS VOLATILE ON COMPETING INDICATORS. NATURAL GAS STORAGE REPORT The Freeport LNG Facility has not fully met regulators’ requirements to reopen at 100%. Still, it will partially reopen in February with hopes of returning to 2.0 Bcf – 2.6 Bcf…
DetailsIn the past 20 years, natural gas has displaced most coal-fired generation in Pennsylvania.
Natural gas-fired power plants generated 2% of the electricity produced in Pennsylvania in 2001. Over the next 20 years, natural gas-fired generation in the state will increase rapidly, reaching 52% in 2021. Natural gas displaced most coal-fired generation, which fell from 57% of the electricity generated in Pennsylvania in 2001 to 12% in 2021. Natural…
DetailsPJM Generator Average Interconnection Costs soar 728%
The average cost for generators to connect to the grid in the PJM Interconnection soared from 2020 to 2022 compared to previous two-year intervals, driven mainly by network upgrades beyond the interconnecting substation, according to a study released Thursday by the Lawrence Berkeley National Laboratory. Read the complete story >>
Market Snapshot: Monday, January 23, 2023
Natural Gas: WE MAY HAVE HIT BOTTOM, AND COLDER WEATHER COULD BRING PRICES BACK THE MARKET REMAINS VOLATILE ON COMPETING INDICATORS. What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana, that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). EIA NATURAL GAS…
DetailsEIA: Increasing Renewables likely to Reduce Coal and Natural Gas Generation over Next Two Years
In the Energy Information Agency’s latest Short-Term Energy Outlook, they expect that increased U.S. power generation from new renewables capacity—primarily wind and solar—will reduce generation from coal-fired and natural gas-fired power plants in 2023 and 2024. With the new solar and wind projects coming online this year, the EIA forecasts these two energy sources will…
DetailsEIA: Natural Gas Pricing Expected To Decline in 2023-24
EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024. Reach out to TPI to see how this could affect your energy spend going forward. The full story >>
Market Snapshot – For the Week of January 16, 2023
Natural Gas Market NEXT JANUARY’S PRICING REFLECTS MORE NORMAL JANUARY WEATHER. WEATHER CONTINUES TO DRIVE THE NATURAL GAS MARKET DOWN. EIA Natural Gas Storage Report Electricity News: FirstEnergy Auction Weather Mid Weather PJM BGE JANUARY 10TH PJM ADHUB JANUARY 10TH
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