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Elevate Renewables Selected to Receive $27.5 Million in DOE Federal Funding for Innovative Use of Battery Energy Storage System Through “Green Sync” Inertia Project at Devon Generating Station in Milford, CT.

Latest, Press Releases / By

BOSTON, Oct. 18, 2024 (GLOBE NEWSWIRE) — Elevate Renewables (“Elevate” or the “Company”), a leading battery storage development company is pleased to announce that its Innovative Inertia Project at the Devon Generating Station in Milford, CT. has been selected to receive $27.5 million in federal funding under the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships …

Elevate Renewables Selected to Receive $27.5 Million in DOE Federal Funding for Innovative Use of Battery Energy Storage System Through “Green Sync” Inertia Project at Devon Generating Station in Milford, CT. Read More »

ENERGY NORTH – Six Months On, What Has Canada’s Trans Mountain Pipeline Project Achieved and What’s Next?

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

CALGARY — Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada’s energy sector as promised — but questions still linger about who will pay for the project’s massive cost overruns. By a variety of measures, the expensive and contentious pipeline project is bearing fruit as more Canadian oil reaches the …

ENERGY NORTH – Six Months On, What Has Canada’s Trans Mountain Pipeline Project Achieved and What’s Next? Read More »

Oil Prices Regain Some Ground After 7% Loss Last Week

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices rose on Monday, recouping some of last week’s more than 7% decline on worries about demand in China, the world’s top oil importer, and easing concerns about potential supply disruptions in the Middle East. Brent crude futures were up $1.16, or 1.6%, to $74.22 a barrel at 1036 GMT. U.S. West …

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Saudi Aramco CEO Calls for Reset in Energy Transition Policies for Developing Nations

CDN and International News, Latest, Oil, Pinned Primary / By

Summary Saudi Aramco: World may still need over 100 mln bpd oil in 2050 Oil demand outlook solid despite energy transition goals Saudi Aramco: Asia needs greater say in transition policies (Reuters) – Progress in the energy transition in Asia is far slower, much less equitable and more complicated than many have expected, the head …

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SLB Announces Definitive Agreement to Sell Its Interests in Palliser Block

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HOUSTON–(BUSINESS WIRE)–Global energy technology company SLB (NYSE: SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. The transaction, which is …

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Hilcorp Fined $9.4 Million for New Mexico Methane Emissions

Energy Topics & Technology, Latest, Methane, US News / By

Settlement is a legal-first for fracking under certain rules Private oil producer is run by billionaire Jeff Hildebrand Hilcorp Energy Co., the privately held oil producer run by billionaire Jeff Hildebrand, will pay a $9.4 million civil penalty for failing to reduce emissions of methane and volatile gases in New Mexico. It’s the first settlement to …

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Oil Prices Show How Numb Traders Have Become to U.S. Sanctions

Conventional Energy, Latest, Oil, US News / By

Crude prices have fallen even as US announces more sanctions Yellen says latest steps could be ‘prelude’ to more action A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a barrel since. The decline was largely driven by indications that Israel is going to avoid …

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US Grants Nearly $2 billion to Harden Power Grid Against Extreme Weather

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The U.S. on Friday announced nearly $2 billion in grants to protect its aging power grid against the growing threat of extreme weather fueled by climate change. BY THE NUMBERS This round of funding for the Grid Resilience and Innovation Partnerships program is for 32 projects across 42 U.S. states. About 950 miles …

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