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Entergy, NextEra to Jointly Develop 4.5 GW of Energy Storage Projects

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

(Reuters) – Utility firm Entergy and a unit of NextEra Energy on Friday entered into an agreement to develop up to 4.5 gigawatts (GW)of new solar and energy storage projects. The five-year agreement will help Entergy provide renewable energy to more than 3 million customers in Arkansas, Louisiana, Mississippi and Texas, the company said in a statement. …

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U.S. Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

The U.S. issued two solicitations on Friday to buy a total of 6 million barrels of crude oil for the Strategic Petroleum Reserve as the administration of President Joe Biden replenishes the stockpile following a historic sale in 2022. The Department of Energy said the oil is for delivery to the SPR’s Bayou Choctaw site …

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U.S. Crude Ctocks, Gasoline and Distillate Inventories Rise – EI

Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.2 million barrels to 455.9 million barrels in the week ended May 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.3 million-barrel draw. Crude stocks at the …

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U.S. Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

The U.S. could hasten the rate of replenishing the Strategic Petroleum Reserve as maintenance on the stockpile is completed by the end of the year, Energy Secretary Jennifer Granholm told Reuters on Tuesday. Granholm said she believes the global oil market is well-supplied and that she does not expect a big increase in oil and …

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U.S. Crude Stocks Fall, Gasoline and Distillate Inventories Rise – EIA

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

U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 4.2 million barrels to 454.7 million barrels in the week ending May 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel draw. Crude stocks at …

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U.S. Crude, Distillate Inventories Rise, Gasoline Draws Down – EIA

Conventional Energy, Energy Storage, Latest, Oil, US News / By

(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.8 million barrels to 458.8 million barrels in the week ending May 17, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.5 million-barrel draw. …

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Lower Oil Puts U.S. in Market to Buy for Strategic Petroleum Reserve, For Now

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the stockpile in 2022. A little more than a month ago the Department of Energy canceled the purchase of about 3 million barrels of oil for …

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Exxon, Chevron CEOs Seek Clear Rules on U..S Clean Energy Subsidies

Carbon Capture, Energy Storage, Energy Topics & Technology, Environment, Hydrogen, Latest, Pinned Primary, US News / By

Top executives at U.S. oil giants Exxon Mobil and Chevron Corp said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change. President Joe Biden has been trying to encourage energy producers to slash emissions using technologies like carbon capture and green hydrogen that are expensive …

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U.S. Has Sufficient Oil Supply Reserve to Address any Supply Concerns, Biden Adviser Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

The U.S. has sufficient supply of oil in the Strategic Petroleum Reserve to address any supply concerns and is monitoring markets on how to use it, Amos Hochstein, President Joe Biden’s energy adviser, said on Monday. The SPR is still near 40-year lows after Biden directed the largest ever sale of 180 million barrels from …

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COMMENTARY: Overcoming Bottlenecks is a Prerequisite to Achieving the Energy Transition – Yogi Schulz

Batteries, Critical Minerals, Electric Vehicles, Energy Commentary, Energy Storage, Energy Topics & Technology, Environment, Geothermal, Hydro, Latest, Minerals, Net Zero, Renewable Energy, Solar, US News, Wind / By

Overcoming multiple bottlenecks will be essential for scaling up key technologies required to reduce GHG emissions and address the adverse consequences of climate change. The technologies that must be scaled up and reduced in cost are: Geothermal, nuclear, solar and wind electricity generation. Batteries and hydro storage to increase the effective production of intermittent electricity …

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