Energy
This Week in Petroleum: November 18, 2009
Pressures on Fuel Ethanol Production Capacity
November 18, 2009 -- Capacity to produce fuel ethanol from corn nearly tripled between January 2006 and January 2009. However, over the past 18 months, a combination of surplus production capacity, the decline of gasoline prices from their mid-2008 peak level, and high corn prices that boosted producers’ input costs have resulted in a sharp decline in ethanol margins. The combination of economic pressures on capacity led some producers to idle plants, and in some cases, file for bankruptcy. » read more »
U.S.-China Clean Energy Announcements
November 17, 2009 -- Today, President Barack Obama and President Hu Jintao announced a far-reaching package of measures to strengthen cooperation between the United States and China on clean energy. Attached are six fact sheets on the U.S-China clean energy announcements. » read more »
DOE: $40 Million for Energy Efficiency and Conservation Projects in Florida and Maine
November 17, 2009 -- Washington, DC – Energy Secretary Steven Chu announced today that DOE is awarding nearly $40 million in funding from the American Recovery and Reinvestment Act to Florida and Maine to support clean energy projects. Under DOE’s Energy Efficiency and Conservation Block Grant (EECBG) program, these states will implement programs that lower energy use, reduce carbon pollution, and create green jobs locally. » read more »
MMS Disburses $10.68 Billion in FY 2009
Funding recipients include states, American Indians, and eligible counties
November 17, 2009 -- DENVER, CO – The Department of the Interior’s Minerals Management Service (MMS) today announced that it disbursed more than $10.68 billion in Fiscal Year 2009 from revenues collected from energy and mineral production on Federal and American Indian lands, including energy and mineral production on the Federal Outer Continental Shelf. » read more »
Argonne To Construct $95 Million Energy Research Facility
Federally-funded project part of long-range lab modernization plan
ARGONNE, IL (November 17, 2009) – The U.S. Department of Energy (DOE) is providing $8 million to Argonne National Laboratory for detailed design work for a new, world-class energy research facility. This is the first step in beginning work on what is expected to be a $95 million construction project.
The Energy Sciences Building (ESB) will provide an environment that will accelerate the pace of discovery by bringing together interdisciplinary teams of researchers in a space that can be adjusted to accommodate an evolving energy-related science agenda. Construction is scheduled to begin during fiscal year 2011. » read more »
$6.4 Million In ARRA Grants For Washington Energy Efficiency Projects
November 17, 2009 -- OLYMPIA – The Washington State Department of Commerce awarded $6.4 million in competitive Recovery Act grants to 43 applicants in small cities and counties for energy efficiency and conservation projects. Projects include energy audits and building retrofits, as well as energy efficient traffic signals and street lighting.
The funding is targeted to reduce fossil fuel emissions and help communities be more environmentally sustainable through reduced energy usage and improved energy efficiency in the building and transportation sectors. The work is also expected to save or create more than 100 jobs. » read more »
$22 Million Investment in PA Energy Conservation Projects
Federal Recovery Funds Will Help Local Governments, Non-Profit Groups Reduce Energy, Save Money
Nov. 17, 2009 -- Harrisburg – Pennsylvania Governor Edward G. Rendell today announced Pennsylvania’s Conservation Works! grant program will save more than 570 million kilowatt hours of electricity, generate an additional 14.4 million kilowatt hours, and reduce natural gas use by 2.1 million thousand cubic feet over the lifetimes of the various projects.
Conservation Works! is a $22 million competitive grant program, funded through the American Recovery and Reinvestment Act, to help local government and non-profit organizations improve energy efficiency, curb energy consumption and reduce energy costs by at least 25 percent. » read more »
New York Municipal Clean Energy Loan Legislation
Bill Strengthens New York’s Position to Access $454 Million in Federal Funds for Clean Energy Retrofits
November 16, 2009 -- New York Governor David A. Paterson, Congressman Steve Israel, and Legislative Leaders today announced the passage of the municipal clean energy loan program legislation. The Senate and Assembly passed the bill, which empowers communities to launch Property Assessed Clean Energy (PACE) loan programs, today during an extraordinary session of the Legislature. » read more »
Maine Wind Power Investment Potential Highlighted
November 17, 2009 -- AUGUSTA – Maine Governor John E. Baldacci today escorted executives from Statoil around the State as part of a visit of officials from the Norwegian company. Statoil is working with the University of Maine on potential offshore wind power development.
Company officials, including the head of Statoil’s wind power business development, came to Maine to see firsthand the existing capacity and infrastructure, interest and commitment of the State and private partners to develop wind power off Maine’s coast. The tour showcased the Cianbro Eastern Manufacturing Facility in Brewer, the Fox Islands Community Wind Project on Vinalhaven, Brunswick Naval Air Station and Bath Iron Works. » read more »
Hawaii Gov. Releases $1 Million For Energy Efficiency Improvements At State Parks
November 17, 2009 -- HONOLULU – Hawaii Governor Linda Lingle has released $1 million that will enable the Department of Land and Natural Resources (DLNR) to implement energy and water efficiency and conservation improvements at state parks.
As part of DLNR’s ongoing efforts to upgrade and modernize state parks and other outdoor recreational facilities statewide, the department will use the funds to design renewable energy sources to power park facilities such as water system pumps, sewer system pumps, booster pumps, trail lighting and rental cabins and kitchens. » read more »
Leading Solar Manufacturer To Locate In Arizona
Enticed by New Renewable Energy Tax Incentive
November 16, 2009 -- PHOENIX – Four months after Arizona Governor Jan Brewer signed Arizona’s new Renewable Energy Tax Incentive into law, she today announced one of the world’s largest solar cell manufacturers will locate its United States headquarters in Arizona and create jobs for Arizonans. China-based Suntech Power Holdings is a multi-billion dollar corporation that makes photovoltaic solar cells and solar electric systems. » read more »
Peabody Energy in "Clean Coal" Joint Venture With China's GreenGen Project
BEIJING, Nov. 17 -- China's GreenGen clean coal project achieved another important milestone today as the partners executed their joint venture agreement, recognizing Peabody Energy's participation as a full equity partner.
The agreement was commemorated at a signing ceremony at the historic Great Hall of the People in Beijing and included Peabody Chairman and Chief Executive Officer Gregory H. Boyce; Huaneng Group President Cao Peixi; U.S. Secretary of Energy Steven Chu; and Chinese Vice Premier Li Keqiang. » read more »
Dominion Virginia Power CFL Bulb Discount Program
Program Saves Enough Energy Thus Far to Power 72,000 Homes; Nearly 3.8 million CFLs purchased will save Virginians $150 million in energy costs
RICHMOND, Va., Nov. 17 -- Virginians are saving about 1 billion kilowatt-hours of electricity through Dominion Virginia Power's compact fluorescent light bulb instant discount program. That is enough energy to serve 72,000 typical Virginia homes, based on 1,000 kilowatt-hours of electricity a month, per home. Click here to learn more: http://www.dom.com/dominion-virginia-power/customer-service/energy-conse.... » read more »
Ribbon Cut On Vinalhaven Wind Power Project
North Haven resident Chellie Pingree says Maine project is “example” for the nation
November 17, 2009 -- Congresswoman Chellie Pingree joined Governor John Baldacci, House Speaker Hannah Pingree and others to cut the ribbon on the Fox Islands Wind Project in Vinalhaven today. Pingree, a resident of nearby North Haven Island, said the wind turbines will serve as an example for the rest of the country.
“This project is a perfect example of what we can do across this country,” Pingree said. “Instead of paying some of the highest electric rates in the country to buy power generated in part by oil we’ve had to import from overseas, our communities will produce their own electricity right here at home. It’s a home-grown solution to our energy needs.” » read more »
Maine to Receive $9.5 Million for Energy Efficiency and Conservation
November 17 2009 -- Washington, DC – Energy Secretary Steven Chu announced today that DOE is awarding $9,593,500 in funding from the American Recovery and Reinvestment Act to Maine to support clean energy projects across the state. Under DOE’s Energy Efficiency and Conservation Block Grant (EECBG) program, the state will implement programs that lower energy use, reduce carbon pollution, and create green jobs locally. » read more »