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Short-term stake in Petrofac Limited (OTCMKTS:POFCY) increases by 107.7%

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Petrofac Limited (OTCMKTS: POFCYGet a rating) saw a sharp rise in short-term interest in June. As of June 30, there was short interest totaling 107,400 shares, an increase of 107.7% from the June 15 total of 51,700 shares. Based on an average daily trading volume of 13,000 shares, the day-to-cover ratio is currently 8.3 days.

Petrofac price performance

Shares of POFCY opened at $0.56 on Friday. Petrofac has a 12-month low of $0.56 and a 12-month high of $1.23. The company’s fifty-day simple moving average is $0.81 and its 200-day simple moving average is $0.80. The company has a debt ratio of 1.58, a quick ratio of 1.38 and a current ratio of 1.39.

Analysts set new price targets

A number of equity research analysts have published POFCY stock reports. JPMorgan Chase & Co. raised its price target on Petrofac shares from 170 GBX ($2.02) to 180 GBX ($2.14) in a Monday, May 23 report. Exane BNP Paribas upgraded Petrofac shares from a “neutral” rating to an “outperforming” rating and set a GBX 140 ($1.67) price target on the stock in a Friday, April 8 report. Goldman Sachs Group assumed coverage of Petrofac shares in a Thursday, May 5, report. They issued a “buy” rating on the stock. Finally, Berenberg Bank upgraded Petrofac shares from a “hold” rating to a “buy” rating in a Tuesday, May 3 report. Six equity research analysts rated the stock with a buy rating. According to MarketBeat, Petrofac currently has an average rating of “Buy” and a consensus target price of $160.00.

Petrofac Company Profile

(Get a rating)

Petrofac Limited designs, builds, manages and maintains infrastructure for the energy industries in the UK, Algeria, Thailand, Oman, Kuwait, Iraq, United Arab Emirates, Netherlands and India. ‘international. It operates through three segments: Engineering and Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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Your Most Valuable Assets | Sampson Independent

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“It was a waste of time.”

“It wasn’t worth it.”

We’ve all said it. Maybe you said it about a movie you saw that really wasn’t that entertaining. Or maybe you said it after working hard on a project that ended with little to no results.

It bothers us to waste our time, or waste our energy, or our effort. Why? Because we hate wasting our assets. And our time and energy are our two most valuable assets. If you think about it, it is from these two assets, your time and your energy, that the rest of your assets probably come. For example, you devote time and energy to your work or profession. From this work, you receive, or have received, funds that can become assets.

So what am I going to do with my most important assets, my time and my energy? Every day, consciously or, most of the time, unconsciously, we make this decision. Often we think the decision has already been made for us. I have to go to work. I have to take care of the children. Etc. But the truth is, you really don’t. But you decide to do it because it’s the best way to use your time and energy. Perhaps for the benefit of others and, ultimately, for yourself.

In the business world, they call it “doing a cost-benefit analysis.” The cost, or amount of time, labor, materials, etc. invested is it worth the profit or the potential profit? This week alone, CNBC ranked North Carolina as having the best business environment of any US state. With the growth of North Carolina’s economy, I often hear about some large companies moving to this state. I am certain that these companies carry out extensive cost-benefit analysis projects before final decisions are made.

In our personal lives, we often do a cost-benefit analysis, we just don’t realize it. I think it’s time for me to do a cost-benefit analysis of my golf game. Sometimes, well, most of the time, golf can be frustrating for me. A friend made a comment about his game that got me thinking. He said: “I’m either going to have to play more, train and get better. Or play less and enjoy more. (He is also frustrated with his game.)

So it’s time for me to do my own cost-benefit analysis. Could getting better at golf be worth the extra time and effort? The better question is, will it even make a difference to my golf game? Or should I just enjoy the game, enjoy the camaraderie on the course, and be happy when I hit that one good shot once in a while? I think I know the answer.

You see, how you use your two most valuable assets, your time and your effort, will determine your lasting impact on the world around you. We should enjoy life and work hard. But your lasting impact should be greater than what’s written on a golf scorecard or what’s in your bank account. It’s your impact on people and the world.

Are you having a positive and lasting impact on the world around you? I’ve heard that the world around you is called your sphere of influence, and that sphere is probably bigger than you think. This can include your family, work, friends, community, etc. This can include long-term relationships or brief but important contacts. Either way, the time and effort you put in can change someone else’s for good, maybe forever.

The apostle Paul knew this when he wrote his letter to the church in Corinth. In the paraphrase of the Message from the Bible, he writes: “And do not hold back. Throw yourself into the Master’s work, confident that nothing you do for Him is a waste of time or effort. (1 Cor. 15:58)

How do you use your two most valuable assets? It may be time to do your own cost-benefit analysis.

Mac McPhail, raised in Sampson County, lives in Clinton. McPhail’s new book, “Wandering Thoughts from a Wondering Mind,” a collection of his favorite chronicles, is available for purchase at the Sampson Independent office, online at Amazon, or by contacting McPhail at [email protected]

NextEra Energy, Inc. (NYSE:NEE) Receives Consensus “Moderate Buy” Recommendation From Brokerages

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Shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) have earned a consensus “moderate buy” rating from the ten analysts who currently cover the company, Marketbeat Ratings reports. Three analysts gave the stock a hold rating and four gave the company a buy rating. The year-over-year average price target among brokerages that have updated their coverage on the stock over the past year is $88.86.

A number of research analysts have weighed in on NEE shares. Evercore ISI reiterated a “hold” rating and issued a $90.00 price target on NextEra Energy shares in a research note on Friday, April 22. KeyCorp raised its price target on NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a Thursday, April 7 research note. Wells Fargo & Company raised its price target on NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a Monday, April 18 research note. Credit Suisse Group set a price target of $76.00 on NextEra Energy in a Monday, June 20 research note. Finally, StockNews.com began covering NextEra Energy in a research note on Thursday, March 31. They issued a “hold” rating for the company.

Performance of NextEra energy stocks

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NextEra Energy stock opened at $78.71 on Friday. The company has a debt ratio of 1.16, a current ratio of 0.49 and a quick ratio of 0.42. The stock has a fifty-day moving average price of $75.56 and a two-hundred-day moving average price of $78.60. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $93.73. The company has a market capitalization of $154.63 billion, a P/E ratio of 106.36, a P/E/G ratio of 3.02 and a beta of 0.45.

NextEra Energy (NYSE:NEE – Get Rating) last released its quarterly results on Thursday, April 21. The utility provider reported EPS of $0.74 for the quarter, beating analyst consensus estimates of $0.69 by $0.05. NextEra Energy achieved a return on equity of 11.49% and a net margin of 8.97%. The company posted revenue of $2.89 billion for the quarter, versus analyst estimates of $5.16 billion. In the same quarter last year, the company posted earnings per share of $0.67. As a group, analysts expect NextEra Energy to post EPS of 2.84 for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 received a dividend of $0.425. The ex-dividend date was Friday, May 27. This represents an annualized dividend of $1.70 and a yield of 2.16%. NextEra Energy’s payout ratio is currently 229.73%.

Insider Trading at NextEra Energy

In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of the company in a trade that took place on Tuesday, May 3. The stock was purchased at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the transaction, the director now owns 5,000 shares of the company, valued at approximately $350,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other NextEra Energy news, CEO John W. Ketchum acquired 12,909 shares of the company in a deal that took place Friday, July 1. The stock was purchased at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the purchase, the CEO now owns 132,894 shares of the company, valued at $10,409,587.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, director Kirk S. Hachigian acquired 10,000 shares of the company in a transaction that took place on Tuesday, May 3. The shares were acquired at an average cost of $70.19 per share, with a total value of $701,900.00. Following the purchase, the director now directly owns 5,000 shares of the company, valued at approximately $350,950. Disclosure of this purchase can be found here. Insiders of the company own 0.38% of the shares of the company.

Institutional entries and exits

Several large investors have recently changed their stock holdings. Norges Bank bought a new position in NextEra Energy during Q4, valued at approximately $2,724,059,000. Vanguard Group Inc. increased its position in NextEra Energy shares by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 182,355,161 shares of the utility provider worth $15,447,306,000 after buying 3,505,846 additional shares in the last quarter. 1832 Asset Management LP increased its stake in NextEra Energy by 29.4% in Q4. 1832 Asset Management LP now owns 9,406,722 shares of the utility provider worth $881,233,000 after acquiring 2,136,829 additional shares in the last quarter. Alphinity Investment Management Pty Ltd increased its stake in NextEra Energy by 1,709.8% in Q1. Alphinity Investment Management Pty Ltd now owns 2,225,009 shares of the utility provider worth $188,481,000 after acquiring a further 2,102,067 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in NextEra Energy during the 4th quarter at a value of $166,275,000. Hedge funds and other institutional investors hold 77.89% of the company’s shares.

About NextEra Energy

(Get a rating)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal and natural gas installations. It also develops, builds and operates long-term contract assets that consist of clean energy solutions, such as renewable energy generation facilities, battery storage projects and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates power generation facilities in the wholesale energy markets.

Further reading

Analyst Recommendations for NextEra Energy (NYSE:NEE)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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Google’s DeepMind alumni bring AI energy checks to industries

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(Bloomberg) — Manufacturing is one of the dirtiest corners of the corporate world. A startup of ex-Google engineers thinks it can clean it up with artificial intelligence.

Phaidra, a Seattle-based company, sells AI software to automate building controls for power plants and other industrial giants. It relies on the same patch as their old company, DeepMind, Google’s research lab. For several years, DeepMind let its artificial intelligence system manage the temperature checks inside Google’s data centers, which ultimately led to a significant reduction in the company’s electricity bill.

Phaidra’s algorithms are designed to select the most efficient temperature for unique facilities, such as a steel mill or vaccine manufacturer, and identify when equipment begins to lag in performance. Once in place, Phaidra’s system can reduce a plant’s energy consumption by up to 30% and save considerable capital, according to the startup. “It can immediately make those businesses more profitable,” says Jeremy Brewer, managing partner of Starshot Capital, an investor.

Jim Gao, CEO of Phaidra, sees manufacturing as a sector overlooked by Silicon Valley but ripe for the kind of advanced machine learning cooked up in places like Google. “They’ve been collecting data for so long, but they’re not using it,” he says of his new client base.

Indeed, the industrial sector, which accounts for about a quarter of all greenhouse gas emissions in the United States and continues to grow, is beginning to embrace cutting-edge data science. A report by IOT Analytics projects that industrial AI revenue will reach $72.5 billion by 2025, up from $11 billion in 2018.

Yet most of this usage represents basic tasks such as scanning data or creating online dashboards, not tools in which algorithms run entire control systems without anyone changing the dials. , like the one proposed by Phaidra. Few manufacturers have the capacity to attempt this or the budgets and technical prowess to maintain such a system. “It’s very rare,” says BCG chief executive Jon Van Wyck.

Phaidra, which was established in 2019, says it has several Fortune 100 industrial clients in fields as varied as pharmaceutical development to paper mills. He declines to name specific customers or financial figures. The startup recently raised $25 million in funding from Starshot and Character, investment firms created by other Google alumni. He also named Robert Locke, a 13-year veteran of industrial supplier Johnson Controls, as chairman.

Gao previously worked in DeepMind’s energy team alongside its technical co-founder, Vedavyas Panneershelvam. Engineers are among the few with extensive experience in reinforcement learning, a branch of AI where algorithms are designed to continuously improve. The most famous version of DeepMind is AlphaGo, its system for whipping up the famously difficult board game, Go.

While AlphaGo has been optimized to win Go, Katie Hoffman, another Phaidra co-founder, describes her system as being optimized to reduce the kilowatt hours of the plants it plugs into. Hoffman comes from the industrial sector – most recently as a director at equipment manufacturer Ingersoll Rand Inc. – and says many of Phaidra’s customers work in “critical” areas, with very specific demands on how their factories work. must be cooled and operated. They also rely on outdated, hand-coded software.

“They’re using what’s been around since the 1950s,” she says. “These industrial systems are incredibly difficult to operate on good days.”

DeepMind’s building control algorithms continued to alter dials inside Google’s data centers. And Google has started offering a similar service to its cloud customers. But the founders of Phaidra say their approach is tailored to the particularities of the industrial sector, which is light years away from sophistication of a Google building.

Gao did not share his company’s pricing, but says customers pay Phaidra less than the energy savings they realize through its service.

Wind power will create thousands of jobs in Indiana’s economy, according to WorkingNation ‘Green Jobs Now’ data

LOS ANGELES, July 15, 2022 /PRNewswire/ — WorkingNationa nonprofit that reports on the future of work, today began publishing “Green jobs now: Indiana” – multimedia reports based on original data – which predicts a 29.2% increase over five years in Indiana demand for green jobs.

The dramatic increase, well above the national average of 5.7%, is expected largely due to demand for Indiana for wind technicians.

Indiana will continue to see growth in green-related jobs, especially as we look to the transformation of Indiana electricity production portfolio”, Ryan Hadleyexecutive director of the Indiana Office of Energy Development, told WorkingNation in an interview for the “Green jobs now” project. “Over the past decade, Indiana increased its wind generation from virtually zero in 2008 to 6.5% in 2020.”

light projectionwho collected and analyzed original data for WorkingNation’s multistate Green Jobs Now project, estimates that there are already more than 11,678 workers in Indiana green economy, a moderate amount compared to other states.

“Green jobs now: Indianaidentifies the green skills most in demand by the state — knowledge of “energy conservation,” “energy efficiency,” and “renewable energy,” according to the data — and occupations where green skills are important. This suggests that some workers could get annual salary increases of maybe $800 or more by applying green skills, with boosts greater than $8,000 for certain positions. This demonstrates the value for workers to learn green skills and for local economies to have access to training as the federal government begins to roll out a $1.2 trillion infrastructure investments that are expected to boost green jobs nationwide.

In IndianaLightcast estimates that 1,146,364 workers, if they had access to training, could be retrained in green jobs.

“Green jobs now: Indianais the final state-focused episode of WorkingNation/Lightcast Green Jobs Now Series, a data-driven journalism project aimed at defining and identifying green jobs and skills, identifying where workers can find them, and presenting a compelling snapshot of the green economy. Previous installments looked at green jobs in Pennsylvania, Louisiana, Colorado, Arkansas, Illinois, Mississippi, Iowa and nationally.

The Indiana reports, supported by a grant from Walton Family Foundationwill initially include a WorkingNation.org site presentation article by Laura Aca and a detailed Lightcast report on the underlying data. Future items will include an episode of the “Work green, earn green“audio podcast and a”I want this job!” video offering an inside look at a green occupation at Indiana.

Organizations wishing to access WorkingNation data and experts can contact the contact below.

About Working Nation

WorkingNation is a non-profit journalism organization that tells stories about solutions to the lack of professional skills that is disrupting our economy. follow us on Youtube, Twitter, LinkedIn, Facebook and instagram.

Media Contact:

Steve Delsohn
[email protected]
805-358-3318

SOURCEWorkingNation

Critical Comparison: Archaea Energy (NYSE: LFG) and Sempra (NYSE: SRE)

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Archaea Energy (NYSE: LFGGet a rating) and Sempra (NYSE: SREGet a rating) are both oil/energy companies, but which is the better investment? We’ll compare the two companies based on earnings strength, institutional ownership, profitability, analyst recommendations, risk, dividends and valuation.

Insider and Institutional Ownership

55.9% of Archaea Energy shares are held by institutional investors. By comparison, 86.1% of Sempra shares are held by institutional investors. 36.7% of Archaea Energy shares are held by insiders. Comparatively, 0.1% of Sempra shares are held by insiders. Strong institutional ownership indicates that large money managers, endowments, and hedge funds believe a company is poised for long-term growth.

Analyst Recommendations

This is a summary of the current ratings for Archaea Energy and Sempra, as provided by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Archaea Energy 0 0 5 0 3.00
sempra 0 1 seven 0 2.88

Archaea Energy currently has a consensus target price of $28.80, suggesting a potential upside of 119.51%. Sempra has a consensus target price of $165.50, suggesting a potential upside of 11.82%. Given Archaea Energy’s stronger consensus rating and higher likely upside potential, equity research analysts clearly believe Archaea Energy is more favorable than Sempra.

Profitability

This table compares the net margins, return on equity and return on assets of Archaea Energy and Sempra.

Net margins Return on equity return on assets
Archaea Energy N / A N / A -9.66%
sempra 8.44% 10.96% 3.87%

Valuation and benefits

This table compares the revenue, earnings per share (EPS) and valuation of Archaea Energy and Sempra.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Archaea Energy $77.13 million 20.36 -$23.90 million N / A N / A
sempra $12.86 billion 3.62 $1.32 billion $3.17 46.69

Sempra has higher revenues and profits than Archaea Energy.

Volatility and risk

Archaea Energy has a beta of 1.04, indicating its stock price is 4% more volatile than the S&P 500. In comparison, Sempra has a beta of 0.64, indicating its stock price is 36% less volatile than the S&P 500.

Summary

Sempra beats Archaea Energy on 7 of the 12 factors compared between the two stocks.

Archaea Energy Company Profile (Get a rating)

Archaea Energy Inc. is a producer of renewable natural gas (RNG) and renewable electricity in the United States. It owns and operates a diverse portfolio of 23 landfill gas recovery and processing projects in 12 states, including 13 projects that collectively generate approximately 177.3 MW of electrical capacity and 10 projects that have the capacity to generate approximately 27,480 million British thermal units per pipeline day. -Quality RNG. The company was founded in 2018 and is based in Houston, Texas.

Sempra Company Profile (Get a rating)

Sempra operates as an energy services holding company in the United States and internationally. The Company’s San Diego Gas & Electric Company segment provides electrical services; and supplies natural gas. It provides electric services to approximately 3.6 million residents and natural gas services to approximately 3.3 million residents that cover 4,100 square miles. Its Southern California Gas Company segment owns and operates a natural gas distribution, transportation and storage system that supplies natural gas to a population of approximately 22 million people covering an area of ​​24,000 square miles. The company’s Sempra Texas Utilities segment is engaged in the regulated transmission and distribution of electricity serving 3.8 million homes and businesses, and operating 140,000 miles of transmission and distribution lines . Its transmission network includes 18,249 circuit miles of transmission lines, a total of 1,174 transmission and distribution substations, and interconnection with 130 third-party generation facilities totaling 45,403 megawatts. The company was formerly known as Sempra Energy and changed its name to Sempra in July 2021. Sempra was founded in 1998 and is headquartered in San Diego, California.



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Hilcorp, Exxon Mobil and ConocoPhillips are the main emitters of greenhouse gases

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A pumpjack pumps oil into the Inglewood Oil Field as seen from the Kenneth Hahn State Recreation Area on July 13, 2022 in Los Angeles, California. – Consumer price inflation in the United States jumped 9.1% in the 12 months to June, the fastest increase since November 1981, according to government data released July 13. Driven by record gasoline prices, the consumer price index jumped 1.3% in June, reports the Labor Department.

Patrick T. Fallon | AFP | Getty Images

Hilcorp EnergyExxon Mobil and ConocoPhillips release the most greenhouse gases among U.S. oil and gas companies, according to a new report released Thursday by several sustainability organizations using U.S. government data.

The directory report ranks emissions data from the 303 oil and gas companies in the United States that report their emissions under the EPA’s greenhouse gas reporting program, and aims to bring transparency to emissions reporting , which has always been difficult to measure in a comparable and consistent way.

Non-profit associations Air Quality Task Force and Ceres commissioned the sustainable development consulting firm GRE to develop the report, and it uses government data up to 2020, the most recent emissions data available from the Environmental Protection Agency. Data for 2021 will be released in October.

Greenhouse gas emissions include emissions of methane, carbon dioxide and nitrous oxide, which differ in their impact on warming. For example, over 100 years, one tonne of methane emissions has the same impact on global warming as 29.8 tonnes of carbon dioxide. In many places, the report categorizes companies and regions by what are called “GWPs,” or units of global warming potential, which take these variabilities into account.

Total GWP units are not directly correlated to oil and gas production. For example, while Hilcorp Energy is the largest emitter of greenhouse gas units, it is the seventh largest producer of hydrocarbons. Conoco Phillips is the third emitter of greenhouse gases and the eighth producer of hydrocarbons.

“This new report clearly shows what experts have long known: there are clear steps oil and gas producers can take to reduce their emissions of methane and other greenhouse gases,” Lesley Feldman, senior analyst at the Clean Air Task Force, said in a written statement released alongside the new report. “Some take these steps while others don’t, and federal and state regulations are key to ensuring we can standardize best practices across the industry.”

Emissions intensity vs total emissions

To get a sense of the company’s operational capabilities to decarbonize, the report measures emissions intensity, or emissions per unit of energy generated. Total emissions will tend to favor larger producers, while emissions intensity will not.

In terms of total greenhouse gas emissions intensity for the 303 companies, Hilcorp Energy ranks 128th, ConocoPhillips ranks 191st and Exxon ranks 238th.

There is a marked divergence between the companies with the highest and lowest emissions intensity. For example, the emissions intensity of natural gas producers in the top quarter of methane emitters is nearly 24 times higher than that of natural gas producers in the bottom quarter, according to the report.

“Oil and gas producers are not equal when it comes to methane emissions, and this research clearly shows that a company’s climate impact is a direct result of operational decisions under its control,” said Andrew Logan, Senior Director of Oil and Gas at Ceres, in a written statement released alongside the report. “Companies most able to effectively minimize their own emissions will be best prepared for a future zero-emissions economy.”

The Oil and Gas Industry Trade Group American Petroleum Institute (API) declares the companies it represents, including Exxon and Conoco Phillipsare working to reduce methane emissions and found a drop in the average intensity of methane emissions of almost 60% in seven of the main producing regions (listed here).

“Our industry is at the forefront of data collection and advancing and using advanced technologies, including remote monitoring with satellites and lasers, to detect and reduce methane emissions and any suggestion to the contrary is false” , an API spokesperson told CNBC on Thursday. .

Hilcorp Energy told CNBC it has made improvements since 2020.

“The most recent data used in this year’s CERES report is from 2020 and does not reflect ongoing reductions made by Hilcorp since 2020. Based on Hilcorp’s gross and operated emissions as reported to the EPA and the gross and operated oil and gas production at the wellhead, Hilcorp’s GHG intensity decreased by approximately 37% from 2019 to 2020 with further reductions since,” spokesperson Nick Piatek told CNBC.

Additionally, Hilcorp said its emissions data was higher than its production data due to the nature of its business development strategy, which focused on acquiring older businesses.

“As we inherit the emissions profiles of the assets we acquire, we spend substantial capital to optimize, upgrade and refurbish equipment to reduce the emissions and intensity of these acquired assets,” said the gatekeeper. -word.

Exxon told CNBC that emissions intensity is the metric it focuses on, “because it’s the most accurate reflection of how manufacturing companies are reducing the greenhouse gases associated with each unit of production. “, spokesperson Casey Norton told CNBC.

Exxon has worked to “rapidly reduce methane emissions” by finding leaks and making repairs.

“This includes monitoring aerial overflights in addition to hand-held imaging cameras. We are also expanding our use of ground-based sensor technology for continuous methane detection and are working with Scepter, Inc. to deploy advanced ground-based monitoring technology. satellite,” Norton told CNBC. .

ConocoPhillips also said it sees emissions intensity as a more accurate measure of its focus on decarbonization work. “Due to the size of our business, we rank high in absolute emissions rankings, but intensity metrics allow for better comparison between companies and better reflect operational practices,” a spokesperson told CNBC. .

Acorn Energy, Inc. (OTCMKTS:ACFN) Short Interest Up 2,200.0% in June

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Acorn Energy, Inc. (OTCMKTS: ACFN – Get Rating) saw significant growth in short-term interest in the month of June. As of June 30, there was short interest totaling 4,600 shares, a growth of 2,200.0% from the total of 200 shares as of June 15. Based on an average daily trading volume of 46,700 shares, the short-term interest rate ratio is currently 0.1 day.

Acorn Energy stock opened at $0.53 on Thursday. The company has a fifty-day simple moving average of $0.49 and a 200-day simple moving average of $0.52. Acorn Energy has a 1-year minimum of $0.26 and a 1-year maximum of $0.70.

Acorn Energy Company Profile (Get an assessment)

Acorn Energy, Inc, through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and abroad. It operates through two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems and services for critical assets, which include emergency power generators, compressors, pumps, pumping jacks, light towers, turbines and other industrial equipment; and Internet of Things applications.

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Replacing power at four Washington state dams would cost billions, report says | 2022-07-13

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Replacing power at four Washington state dams would cost billions, report says | 2022-07-13 | News-Record Engineering
















MHI Thermal Systems receives T

— Awards Presented by Japan Heat Pump and Thermal Storage Technology Center —

– “MSV2” Air-Cooled Heat Pump Chillers Receive President’s Award in Machinery & Equipment Category
– Aquifer Thermal Energy Storage System (ATES) Receives Promotion Award in Integrated Systems Category
– Leadership in air conditioning and refrigeration systems attested by the receipt of 4 awards in 2021

TOKYO, June 3, 2022 – (JCN Newswire) – Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), part of Mitsubishi Heavy Industries (MHI) Group, received accolades in two categories of the 2022 “Demand Side Management Awards” competition sponsored by the Heat Pump & Thermal Storage Technology Center of Japan (HPTCJ), an organization that promotes the adoption of heat pumps and thermal storage systems by awarding prizes for particularly exceptional technologies that contribute to the leveling of the electrical load. “MSV2” series of high-efficiency air-cooled heat pump chillers adopting “e-3D scroll” compressor (1) received the HPTCJ President Award in Machinery and Equipment category, and Innovations in Machinery and Equipment. company’s plant heating system and cooling system using an aquifer thermal energy storage system (ATES)(2) received the HPTCJ Promotion Award in the Systems category integrated.

Low_DemandSideManagementAwardsCeremony.jpg
Demand Management Awards Ceremony

The MSV2 heat pump chillers, which were launched in the Japanese domestic market to meet the growing refrigeration load demand, were highly praised by HPTCJ for their contribution to electric load leveling. Because they can be installed in multiple units through modular connection, exceptional energy saving proposals can be offered to accommodate various thermal loads. Earlier, MSV2 was awarded the 2020 Energy Conservation Grand Prize sponsored by the Energy Conservation Center, Japan (ECCJ) and supported by the Ministry of Economy, Trade and Industry .

The ATES system, an air conditioning system that uses unused stored geothermal heat, has won numerous accolades for its proven significant energy savings and potential environmental performance to maintain a zero underground heat balance over a full year. The system is in service at MHI Thermal Systems Kobe Works, located on the grounds of MHI Kobe Shipyard & Machinery Works. The HPTCJ award marks the system’s third commendation, following receipt of the 2019 Environmental Award from the Japan Society of Civil Engineers and the 2021 ECCJ Grand Prize for Energy Conservation.

MHI Thermal Systems is a market leader in air conditioning and refrigeration equipment, with products and technologies that meet contemporary needs. The importance of the company was demonstrated again last year with the receipt of a total of four awards for innovative technologies that contribute to energy conservation and environmental protection. Now, with the addition of the two HPTCJ awards, we renew our strong commitment to developing products and technologies that will help the world save energy. By leveraging our collective technological capabilities enabled by our group-wide product synergies, we will strive ever more vigorously to achieve optimal thermal solutions to meet the diverse needs of our customers.

(1) For more information:
www.mhi.com/news/191225.html
www.mhi.co.jp/technology/review/pdf/e572/e572140.pdf
(2) ATES makes it possible to use unused sustainable thermal energy. For more information:
www.mhi.com/news/211222.html

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defence. MHI Group combines cutting-edge technology with deep experience to deliver innovative integrated solutions that help achieve a carbon-neutral world, improve quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories at spectra.mhi.com.

Source: Mitsubishi Heavy Industries, Ltd.

Copyright 2022 JCN Newswire. All rights reserved.

Hydro-Québec sees fewer obstacles to New York exports than the Maine project

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“But it’s our job to be proactive. We don’t take anything for granted,” says the chief operating officer of Hydro-Québec Energy Services.

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Hydro-Québec’s plan to deliver electricity in New York State should not encounter the same obstacles as an interconnection line in Maine, according to Serge Abergel, chief operating officer of its subsidiary. American Hydro-Quebec Energy Services.

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One reason is that New York state doesn’t have a referendum process that could stall the project, like Maine did last year, Abergel said in an interview in Montreal, where he made a presentation Tuesday at the Conference of Montreal. He noted that the New York project has all necessary permits for construction and is expected to be in service in 2025.

But Abergel is not yet claiming victory. “I have concerns for all the projects,” he said. “I want to be clear: it’s not because there is a particular threat, but it’s up to us to be proactive. We take nothing for granted. »

The project, which is expected to generate $20 billion in revenue over 25 years and provide the equivalent of one million homes with electricity, has strong support from communities suffering from the effects of fossil fuel-related air pollution that New York State wants to replace with clean energy. energy sources, Abergel said.

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For example, thermal power plants around New York create pollution, especially in Queens and Manhattan, with some areas dubbed “Asthma Alley.”

“It’s the place in the United States with the highest rate of asthma due to local air pollution,” Abergel said in his presentation. “People have stepped up and said they’ve had enough of this environmental discrimination.”

The fate of the Maine project is still uncertain. The 336 kilometer project that would cross Quebec and Maine to provide electricity to Massachusetts was rejected by 59% of Maine citizens who voted in a referendum in November. Maine’s Supreme Court is expected to rule on a constitutional challenge to the referendum. In the meantime, work is suspended.

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The court is also set to rule on another permit challenge for a 1.6-mile segment of the line, after a Maine Superior Court judge ruled the permits invalid.

Hydro-Quebec expects decisions by the end of July on both, and Abergel hopes to win both.

“We will let the court make its decision, but we are convinced that a project which obtained its permits with a four-year process deserves to move forward.

Hydro-Quebec’s partner in Maine, New England Clean Energy Connect, has already spent nearly US$450 million, or about 43% of projected costs, according to court filings. If the project is abandoned, Hydro-Québec estimates that it will have to write off $536 million from its net income.

The Massachusetts contract would bring in $10 billion in revenue over 20 years to Hydro-Quebec and reduce greenhouse gas emissions by three million metric tons, the equivalent of taking 700,000 cars off the road.

No backup plan has been identified to bring electricity to Massachusetts.

  1. A vehicle took the jackpot during Saturday's storm in Morin Heights.

    Storms that ravaged Quebec in May cost Hydro $70 million in repairs

  2. The agreement will see the buildings converted to dual energy and, in exchange, Hydro-Québec will compensate Énergir for the loss of revenue.

    The regulator approves the agreement between Hydro-Québec and Énergir

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On the road to COP27: making the case for Africa in the global climate debate – World

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Attachments

On the road to COP27: making the case for Africa in the global climate debate

15 recommendations from the Ibrahim Governance Forum call on climate leaders to take urgent action to make the case for Africa ahead of COP27

Following the Ibrahim Governance Forum held May 25-27, the Mo Ibrahim Foundation publishes the full report of the Ibrahim Forum 2022 which now includes key findings and recommendations from the debates.

Download: Ibrahim Forum Report 2022
*Dakar and London, July 12, 2022 *– The Ibrahim Forum 2022 final report, ‘*The Road to COP27: **Making Africa’s Case in the Global Climate Debate’, *presents key facts and figures and 15 recommendations on the how policymakers, climate leaders and African citizens can articulate Africa’s case in the global climate debate.

The report is based on the latest reports from the Mo Ibrahim Foundation to researchand on the essential arguments put forward during the 2022 Ibrahim Forum on Governancedebates between experts, political decision-makers and young Africans for three days.

Commenting on the final 15 recommendations, Mo Ibrahim, Founder and Chairman of the Mo Ibrahim Foundation, said, “It is clear that the current climate agenda is failing in Africa. With over 600 million people in Africa still without access to electricity, twice the total population of the United States, we need to pause and think very hard.”

“As we approach COP27, we must not repeat the error of neglecting the African specificity, both negative and positive, in the assessment of the challenges and the choice of solutions. The recommendations put forward in this report offer a framework for reshape the climate debate, ensure it takes into account the specific African context and recognizes Africa’s key role in global climate solutions.

Bringing together the latest and most relevant data and insights from leading climate and energy experts and practitioners, the Ibrahim Forum 2022 report provides a comprehensive analysis of the specificity of Africa’s context in the global debate. on climate: how the impacts of the climate crisis in Africa intersect with pre-existing social and development issues; the challenge of balancing energy access and climate protection; and last but not least, Africa’s key assets and its potential role in a global low-carbon future.

The report concludes with a series of recommendations from the debates of the Ibrahim Governance Forum to inform the preparatory work and decisions for COP27, as well as any other global climate debate leading up to COP27 and beyond. By considering these recommendations, policymakers can ensure that future climate commitments take into account the specific context of the continent, including Africa’s economic development path, and recognize the important role the continent can play in worldwide.

Key recommendations include:

● Take into account Africa’s specific climate vulnerabilities

  1. Don’t work in silos: address the interplay between climate, development and security challenges: Climate change has a major impact on pre-existing development and security issues. Globally, debates and decision-making on development, climate change and conflict continue to take place in silos, missing opportunities to address how these challenges intersect.

  2. Mitigation alone cannot solve the scale of the problem: put more emphasis on adaptation and “loss and damage” compensation: Mainly driven by the North, the current global climate debate has now focused on mitigation, primarily by achieving net zero emissions. Adaptation measures have been deprioritized while no ad hoc “loss and damage” fund has yet been set up.

  3. Invest in resilience to prevent loss and damage to lives, livelihoods and critical infrastructure: African countries must put in place clear adaptation investment plans, prioritizing investments in climate change systems. early warning, disaster risk reduction and climate resilient infrastructure. This includes increasing data capacity.

● Address the right of Africans to access to energy

  1. Net Zero Balance, Energy Access and Energy Security: Global Development Goals cannot be achieved until more than 600 million people still lack access to energy in Africa, a number that is expected to continue to rise .

  2. Consider gas as a key transition fuel, to be developed alongside renewables: Renewables are already the main source of electricity for almost half of Africa, and have great potential for expansion, but they alone will not be enough to close the continent’s energy deficit. Gas, an abundant resource in Africa and the cleanest fossil fuel, must be included to fill the energy access gap on the continent.

  3. Whether it’s gas or renewables, look beyond just production: Whether it’s gas or renewables, production is only the first challenge. Storage, transmission and distribution infrastructure, affordability, relevant market sizes, maintenance capabilities must also be taken into account to attract the necessary investments and meet the access challenge.

  4. Clean cooking solutions are essential for climate and health goals: replacing polluting cooking fuels such as firewood or charcoal with cleaner gas (LPG) or electricity is essential view of health and climate. However, a transition to clean cooking fuels must be a bottom-up process and take into account local contexts.

● Harnessing Africa’s potential in a global green economy

  1. Raise awareness of Africa’s strengths and ability to be a key player in a global green economy – not just a victim of the climate crisis: assess Africa’s enormous potential wealth in green and sustainable economies. Build and harness Africa’s collective bargaining power as the key sovereign owner of ecosystems and assets that are essential for a low-carbon future globally.

  2. Assess – and monetize – Africa’s carbon sequestration potential: The continent is not only the lowest carbon emitter per capita, but also hosts the major carbon sinks. African countries should be duly compensated for preserving these global assets, including through carbon storage pricing.

  3. Avoiding the “resource curse”: improving the value chain and putting governance first: moving from the export of raw materials to local processing, in order to develop local activities and employment. Define relevant measures to avoid corruption, ecological disasters, human rights violations and resource conflicts, and include them from the beginning in the management of Africa’s ecological and mining assets

● “You don’t get what you need or deserve, you get what you bargain for”

  1. Define, present and negotiate a common African position: Africa must be on par with other global players at COP27. African leaders can define a common narrative for international negotiations because Africa’s position cannot be reduced to the specific situation of one or two countries.

  2. Rebuilding trust lost at previous summits: Africa’s partners should implement commitments that have already been made at previous summits before committing to new ones.

  3. Focus on responsibilities: The link between carbon emissions and the climate crisis must be recognized and monetized. Adaptation and loss and damage mechanisms must be fully implemented so that the largest emitters take responsibility for the climate crisis.

  4. Adopt a wide range of integrated and innovative financial solutions: Address the climate-debt nexus and increase Africa’s domestic resource mobilization, leveraging pension and sovereign funds and strengthening fiscal systems.

  5. Humanize the climate debate: The climate debate must highlight the impact on people’s daily lives and livelihoods. “Climate literacy” must be developed. Local contexts and solutions must be leveraged.

Note to Editors

About the Ibrahim Governance Forum

The Ibrahim Governance Forum was held from 25-27 May 2022 and focused on highlighting African perspectives on the challenges and opportunities presented by the climate crisis in Africa.

Speakers and contributors included:

● Jin-Yong Cai, former CEO of the International Finance Corporation

● Ibrahima Cheikh Diong, United Nations Under-Secretary-General, Director of the African Risk Management Group

● Yasmine Fouad, Minister of Environment of the Arab Republic of Egypt

● Chris Gentle, Senior Advisor New Business Ventures, World Energy Council

● Kristalina Georgieva, Managing Director of the International Monetary Fund

● Mamadou Fall Kane, Energy Advisor to the President of the Republic of Senegal

● David Malpass, President of the World Bank Group

● Amina Mohammed, United Nations Under-Secretary-General

● Mahmoud Mohieldin, United Nations High Level Champion on Climate Change for Egypt

● Murithi Mutiga, Africa Program Director of the International Crisis Group

● Mary Robinson, President of Elders

● HE President Macky Sall, President of the African Union and President of the Republic of Senegal

● Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa

● Sidi Ould Tah, Managing Director of the Arab Bank for Economic Development

● Samaila Zubairu, CEO of Africa Finance Corporation

● Members of the Foundation’s Now Generation Network, a cohort of over 250 young African leaders

All sessions are now available to watch on demand, via MIF.Live.

Contact

For more information or to request an interview, please contact:

● MIF Media Team, [email protected], +44 7796 451915

You can follow the Mo Ibrahim Foundation on:

● Twitter: @Mo_IbrahimFdn

● Facebook: https://www.facebook.com/MoIbrahimFoundation

● YouTube: https://www.youtube.com/user/moibrahimfoundation

●Instagram: https://instagram.com/moibrahimfoundation

● Website: mo.ibrahim foundation

About the Mo Ibrahim Foundation

The Mo Ibrahim Foundation was established in 2006 with a focus on the critical importance of political leadership and public governance in Africa. By providing tools to assess and support progress in leadership and governance, the Foundation aims to promote meaningful change on the continent.

The Foundation, which is a non-granting organization, focuses on defining, measuring and improving governance and leadership in Africa through various key initiatives:

Ibrahim Index of African Governance

Ibrahim Award for Achievements in African Leadership

Ibrahim Governance Weekend

Ibrahim Scholarships and Fellowships

Now Generation Network

Earthstone Energy, Inc. (NYSE: ESTE) receives consensus price target of $22.67 from analysts

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Earthstone Energy, Inc. (NYSE:ESTE – Get Rating) shares earned a consensus “Hold” recommendation from the nine brokerages that currently cover the stock, MarketBeat Ratings reports. One investment analyst rated the stock with a sell recommendation, three assigned a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokerages that have covered the stock over the past year is $23.00.

Several analysts have recently commented on the stock. Royal Bank of Canada has upgraded Earthstone Energy’s shares from an “outperforming” rating to an “sector outperforming” rating and has set a price target of $21.00 for the company. in a report on Wednesday July 6. StockNews.com moved shares of Earthstone Energy from a “buy” rating to a “hold” rating in a report on Friday, May 13. TheStreet upgraded Earthstone Energy shares from a ‘b’ rating to a ‘c+’ rating in a Tuesday, May 24 report. Wells Fargo & Company raised its price target on Earthstone Energy shares from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Monday. Finally, Stephens began covering Earthstone Energy shares in a research note on Wednesday, April 13. They issued an “equal weight” rating and a target price of $15.00 for the company.

Earthstone Energy stock opened at $11.94 on Friday. The company has a debt ratio of 0.50, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $1.35 billion, a P/E ratio of 62.84 and a beta of 2.19. The company’s 50-day simple moving average is $16.08 and its 200-day simple moving average is $14.20. Earthstone Energy has a fifty-two week low of $7.01 and a fifty-two week high of $22.25.

Earthstone Energy (NYSE:ESTE – Get Rating) last released its quarterly results on Wednesday, May 4. The oil and gas producer reported EPS of $0.78 for the quarter, beating the consensus estimate of $0.56 by $0.22. The company posted revenue of $196.10 million in the quarter, compared to $166.65 million expected by analysts. Earthstone Energy had a net margin of 1.45% and a return on equity of 16.38%. The company’s quarterly revenue increased by 159.4% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.17. On average, analysts expect Earthstone Energy to post EPS of 4.61 for the current fiscal year.

Separately, Chief Financial Officer Mark Lumpkin, Jr. sold 30,000 shares of the company in a trade on Thursday, April 21. The shares were sold at an average price of $16.47, for a total transaction of $494,100.00. Following the transaction, the CFO now owns 208,253 shares of the company, valued at $3,429,926.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, director Jay Frederick Joliat purchased 20,237 shares of the company in a transaction that took place on Wednesday, July 6. The shares were purchased at an average cost of $11.66 per share, for a total transaction of $235,963.42. Following the transaction, the director now directly owns 90,000 shares of the company, valued at approximately $1,049,400. Disclosure of this purchase can be found here. 3.80% of the shares are currently held by insiders.

A number of hedge funds have recently changed their positions in ESTE. Ameritas Investment Partners Inc. increased its position in Earthstone Energy by 44.7% during the first quarter. Ameritas Investment Partners Inc. now owns 2,393 shares of the oil and gas producer worth $30,000 after acquiring 739 additional shares during the period. Amalgamated Bank bought a new stake in Earthstone Energy in Q1 worth $41,000. Ellevest Inc. increased its stake in Earthstone Energy by 130.1% in the fourth quarter. Ellevest Inc. now owns 4,056 shares of the oil and gas producer valued at $44,000 after purchasing an additional 2,293 shares during the period. Sigma Planning Corp bought a new stake in Earthstone Energy in the 4th quarter at a value of $114,000. Finally, Captrust Financial Advisors increased its stake in Earthstone Energy by 17.6% in the 1st quarter. Captrust Financial Advisors now owns 9,184 shares of the oil and gas producer valued at $116,000 after buying 1,375 additional shares during the period.

Earthstone Energy Company Profile (Get a rating)

Earthstone Energy, Inc, an independent oil and gas company, is engaged in the acquisition, exploration, development and production of oil and gas properties in the United States. The Company’s portfolio of assets includes the Midland Basin of West Texas, the Delaware Basin of New Mexico and the Eagle Ford Trend of South Texas.

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The house of the future could never let your smartphone battery die

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A die the most mundane mistakes I make can derail my day: I go to bed, I brush my teeth and I forget to charge my smartphone. I wake up to a phone with 20% battery, no time to charge it before I have to rush out the door and take a long subway ride where I answer my emails as I go. measure. By the time I’m in the office, my phone is almost dead – and I forgot my charging cable.

Surely there is a better way. And luckily, scientists from Kookmin University and the Kumoh National Institute of Technology in South Korea agree. In a recent study published in ACS Nanoa team of researchers lays out their vision of a future where households can charge their electronic devices simply by leaving them lying around the kitchen.

I would probably feel that accomplished if I could also charge my phone just by putting it down.Tim Scott/Moment/Getty Images

What’s new – Specifically, the researchers developed a way to exploit the granite and marble countertops found in some (well-appointed) kitchens to serve as extremely convenient charging stations for smartphones, watches, and other devices. .

They’ve designed tiny supercapacitors that coat even slightly porous stone surfaces, like those found in kitchens. They then superimposed their innovation on marble and fired a laser at it to charge the device. Not only did it do a good job of conserving power, but it maintained performance even after 4,000 charge-recharge cycles. By stacking these devices on a kitchen counter and introducing a power supply, one could build a full-scale charging area in their home, or perhaps a charging wall, or even a stone bench.

The researchers say their innovation “represents a class of ubiquitous, low-cost, environmentally friendly and recyclable energy storage interface for sustainable development and easily accessible. [energy storage solutions].”

It should be noted that the researchers conducted a rather amusing test of their system: “The proposed energy system also underwent a series of rigorous mechanical reliability tests, including being stepped on with shoes, intensive crushing on the floor and repetitive hammer blows.”

There’s no telling if it stands up to the inevitable kitchen nightmare: spills.

Read the full study.

The LHC.EThamPhoto/The Unpublished Image Bank/Getty Images

On the horizon: new physics at the LHC

The Large Hadron Collider is essentially a long, very high-tech tunnel buried under the Franco-Swiss border. With 27 kilometers in circumference, the LHC is the largest particle collider in the world. And after a years-long hiatus for maintenance, it’s back online and discovering new particles left, right and center.

Want to get to know each other better? Read our story about the LHC and what is perhaps its most famous discovery to date, the Higgs boson. Discovered ten years ago on July 4, 2012, we revisit this defining moment in the world of fundamental physics.

Giulia Zanderighi is head of a particle physics group at the Max Planck Institute for Physics and co-author of a perspective published this week in Nature on the occasion of Higgs’ birthday. She said Reverse that CERN’s research on the Higgs boson is always at the forefront of scientific knowledge.

“Each time a measurement becomes more precise, we can refine the allowed models of new physics,” says Zanderighi. “So we are getting closer to determining possible physics beyond the Standard Model.”

Go further.

We can’t wait.Shutterstock

Here’s what else we read…

Members of the Joseph Russillo Ballet Company, including Russillo (center) performing an original ballet, ‘LSD’, New York, New York, February 1967.Jack Mitchell/File Photos/Getty Images

Beyond the horizon…

Michael Pollan, a popular health and wellness author, presents a new documentary on Netflix about psychedelics, titled How to change your mind. The show premieres Tuesday, July 12.

Covering LSD and mescaline, among other psychoactive substances, Pollan promises an in-depth look at the science behind how these drugs might affect the brain and how they might be harnessed for medical treatments.

The environmental sector continues to grow in importance

The environmental sector is made up of private companies and public entities that produce goods and services aimed at protecting the environment and managing natural resources. Environmental protection activities include, for example, measuring, preventing and repairing environmental damage caused by air, water and soil pollution. The management of natural resources includes the production of energy and CO savings2– reducing technologies, products and services, such as the production of renewable energy, electric transport and insulation works.

The share of the environmental sector in the Dutch economy has increased steadily, from 1.7% in 2001 to 2.6% in 2021. The share of activities related to natural resource management has doubled over the past two decades. This increase is closely linked to the energy and climate transition. The share held by activities aimed at preserving natural resources experienced limited growth over the period 2001-2010, ie 0.2 percentage point.

Environmental sector, gross value added
2001 1.13 0.52
2002 1.15 0.53
2003 1.20 0.52
2004 1.16 0.53
2005 1.11 0.55
2006 1.15 0.57
2007 1.16 0.57
2008 1.18 0.63
2009 1.22 0.62
2010 1.31 0.63
2011 1.31 0.73
2012 1.29 0.71
2013 1.31 0.75
2014 1h30 0.88
2015 1h30 0.92
2016 1.33 0.94
2017 1.35 1.01
2018 1.34 1.01
2019* 1.38 1.07
2020* 1.38 1.21
2021* 2.6
* Provisional figures. For 2021, only an estimate for the total environmental sector.

Renewable energy employment continues to grow

Renewable power generation and energy conservation provided more than 72,000 FTEs in 2020, up from 40,000 in 2011. However, there are differences between the businesses. The biggest increase can be seen in solar energy, especially the installation of solar panels. Employment related to this activity has multiplied more than eleven times between 2011 and 2020. Employment related to wind power has doubled over the same period. Employment related to heating, geothermal energy and hydroelectricity remained virtually the same.

Employment in renewable energies
2008 21.6 1.4 1.8 2.9 3.0
2009 21.4 1.5 2.0 3.0 3.4
2010 22.3 1.6 2.3 3.2 3.6
2011 27.4 1.7 2.8 4.0 3.9
2012 24.5 1.6 4.2 3.9 4.0
2013 24.8 1.6 5.6 4.1 4.0
2014 25.3 1.6 5.3 4.9 4.7
2015 26.5 1.5 6.7 5.5 3.7
2016 30.0 1.8 7.5 4.6 3.6
2017 31.4 1.9 9.0 4.8 3.6
2018 26.4 2.0 16.9 5.7 3.8
2019 24.6 2.4 24.2 6.6 3.9
2020* 27.4 2.9 30.9 7.2 4.2
* Provisional figures

Size of Dutch environmental sector equal to EU average

In 2019, the contribution of environmental activities to GDP amounted to 2.3% on average in the European Union. It was pretty much the same in the Netherlands. The environmental sector is relatively the largest in Finland, Estonia and Austria, with respective shares of 5.8%, 4.6% and 4.2% of GDP. These countries have high levels of renewable energy production; management of forest areas is also a relatively large contributor to GDP. At the bottom of the ranking were Ireland (0.9%), Malta (1%) and Belgium (1.1%).

Gross value added of the environment sector in the EU, 2019
Finland 5.8
Estonia 4.6
Austria 4.2
Sweden 3.5
Denmark 3.4
Bugaria 2.8
Romania 2.8
Luxemburg 2.8
Lithuania 2.7
Latvia 2.6
Poland 2.6
European Union* 2.3
Netherlands 2.3
Portugal 2.3
Czech Republic 2.3
Spain 2.3
Germany 2.0
Italy 1.9
France 1.8
Slovenia 1.6
Croatia 1.4
Belgium 1.1
Malta 1.1
Ireland 0.9
* European Union excluding United Kingdom

Microsoft data centers to support renewable energy growth on the power grid

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Strong points :

  • Microsoft will deploy its “grid-interactive uninterruptible power supply technology” in the Dublin data center to demonstrate that these types of technologies can help decarbonize power grids around the world.
  • Microsoft says a large swing in power generation requires grid stabilization services, and its grid-interactive UPS technology allows facilities such as data centers to feed power back into the grid from of their backup energy storage systems.

Global software giant Microsoft has announced that it will deploy its “grid-interactive UPS technology” in the company-managed data center in Dublin, Ireland, later in 2022. The aim is to demonstrate that these types of technologies can help decarbonize power grids around the world.

Microsoft claims that renewable energy from 400 wind farms accounts for more than 35% of Ireland’s electricity supply. This capacity will reach 80% by the end of this decade. The tech giant says a large swing in power generation requires grid stabilization services and its grid-interactive UPS technology allows facilities such as data centers to feed back some of the power into the grid from their backup energy storage systems. Energy storage systems are actually large banks of lithium-ion batteries that are managed by a UPS system, Microsoft said.

Christian Belady, vice president of Microsoft, said: “We have this battery asset in the data center which is right there. Why not offer it to the network and find a dynamic way to manage it as a dual-use asset and thus promote greater efficiency and better use of assets? »

Microsoft said it was working closely with EirGrid, which is Ireland’s electricity grid operator. The entity manages a network services market that favors non-carbon-emitting solutions. Microsoft is entering this market through Enel X, an energy service provider. Enel X turns industrial and commercial organizations such as Microsoft into “virtual power plants” on power grids.

This system was not possible with traditional technologies such as lead-acid batteries. UPS systems and lithium-ion batteries have created new possibilities. At the same time, UPS systems need to be smart enough to interact with the power grid as well as data center energy management systems, as this will help coordinate the flow of electricity.

Microsoft also said grid-interactive UPS systems instead of the grid services currently provided by fossil-fuel power plants in Ireland will help eliminate carbon dioxide emissions by 2 million metric tons. The software company says this represents around 20% of the emissions the Irish power sector is expected to generate by the middle of this decade.

Macquarie is seeking funds to create an electric vehicle rental company

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NEW DELHI : Macquarie Group, one of India’s largest foreign infrastructure investors, is in talks with commercial investors to raise $205 million to establish an electric vehicle (EV) leasing and financing company, say two people familiar with the development.

The India-focused e-mobility finance platform will be managed by Macquarie Asset Management, which manages assets of around A$773.1 billion. It will strive to reduce the up-front capital expenditure required for the push towards green mobility. Under its plan, Macquarie, which has secured $200 million in commitments from South Korea’s Green Climate Fund, will start with the electric mobility funding platform for electric buses, shared fleets and electric vehicle charging infrastructure.

“Macquarie aims to raise an additional $205 million from institutional investors to capitalize the platform, and over time the platform hopes to raise approximately $1.5 billion in capital (including debt funding),” according to the Macquarie website.

It comes amid state-run Convergence Energy Services Ltd (CESL) announcing the price uncovered in a tender for 5,540 electric buses for five cities – the lowest on record, and nearly on par with diesel bus operating costs. In what could help accelerate India’s ambitious plans for green mobility, prices for electric vehicles should soon be on par with those of internal combustion engine (ICE) vehicles.

“Macquarie is leading the development of a blended finance platform, with the United Nations’ Green Climate Fund (GCF), to drive adoption of electric vehicles across India, helping to reduce carbon emissions. CO2 emissions and improve urban air quality,” according to Macquarie.

Macquarie and its managed funds are overseeing investments in 12.4GW of green power capacity in India and have so far invested $2.5bn.

A spokesperson for Macquarie declined to comment on the specific question regarding ongoing talks to raise capital.

Energy Efficiency Services Ltd (EESL) runs the government’s ambitious Faster Adoption and Manufacture of Hybrid and Electric Vehicles (FAME 2) program for electric three-wheelers and buses. The money will be spent to subsidize 500,000 electric three-wheelers, 1 million electric two-wheelers, 55,000 electric passenger vehicles and 7,090 electric buses.

“Initially, the platform will focus on selected segments of the electric vehicle ecosystem, such as electric buses, shared fleets and charging infrastructure, and will expand to other subsectors. electric mobility as the market evolves. In doing so, the platform also aims to contribute to an enabling environment for the growth of electric vehicles, resulting in increased penetration of electric vehicles and new market players, including the growth of financing solutions and domestic manufacturing, and helping to reduce air pollution in urban environments,” Macquarie said on its website: “With an implementation period of 10 years, the platform is expected to deliver a lifetime reduction of approximately 9 .5 MtCO2e of greenhouse gas emissions.”

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Ducati e-bikes unveiled as company pushes further into e-bike space

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Ducati may not have a consumer electric motorcycle yet (and barely have a racing electric motorcycle, for that matter), but the company can’t stop churning out smaller two-wheeled electric vehicles. Example: Ducati has just unveiled two new folding electric bikes.

Both e-bike models were released under Ducati’s Scrambler brand, which has become a heavyweight lifestyle brand in recent years.

Ducati has used it before to fold e-bikes and seems to be sticking to its guns with the latest models unveiled recently.

The new SCR-X and SCR-E GT are both fat tire folding e-bikes that use a Bafang 60Nm rear hub motor for power.

The 48V system on both bikes is usually associated with higher power, but the EU-based company was forced to limit the speed of the e-bikes to just 25 km/h (15 mph) to comply with local regulations on e-bikes.

The SCR-E GT is more road oriented and comes with 20″ road tires matched to wire wheels.

A 500Wh battery is claimed to provide an 80km range and is removable for charging off the bike. Considering the pedal-assist nature of these e-bikes, this is probably a reasonable range.

Ducati SCR-X Electric Bike

The SCR-X, on the other hand, is the most trail-oriented e-bike of the lot.

While both bikes come with front suspension, the SCR-E GT features rear suspension, knobby tires and mag rims that should perform better in more aggressive off-road riding conditions.

A larger battery with a capacity of 614 Wh will also offer more stored energy, which is important for e-bikes used in tougher off-road conditions that often require more battery power.

The SCR-X adopts a stepper frame that will make it easier for riders to get on the bike without swinging a leg over the high saddle, while the SCR-E GT uses a stepper frame instead.

Riders should expect the two new models to be available later this month at Ducati dealerships and online, although the company has yet to reveal pricing details.

ducati electric bikes
Ducati SCR-E GT Folding Electric Bike

These two new models follow several of Ducati’s entries into the e-bike market.

The motorcycle company first rolled out an electric mountain bike in 2018 through a partnership with THOK Bikes, marking the company’s first electric two-wheeler.

At the time, Ducati was teasing an electric motorcycle in its future, but was still looking for excuses as to why the company wouldn’t be able to develop one for many years.

The company followed with several more e-MTB models in 2019.

In 2020 Ducati was toying with electric folding e-bikes and produced a number of interesting models with relatively new features such as in-frame lighting.

Ducati continued to release new e-MTBs in 2020, improving the performance and quality level of e-bikes.

In early 2022, the company launched its first electric road bike designed for consumers of high-end racing bikes. The bike also came with a Ducati-sized price tag, asking for a hefty €7,690 (about US$8,020).

Ducati Futa electric road bike

Ducati may have made more headway on the e-bike front than it has in its e-motorcycle division, but the latter has also been in the news lately.

Earlier this month, Ducati unveiled the specifications of its V21L electric racing motorcycle prototype which will become the only model used in the FIM MotoE racing series next season.

Ducati has confirmed that it will produce at least 18 of the bikes for the 2023 season of the FIM MotoE racing series. Each of the V21L electric motorcycles will be capable of producing 110 kW (147 hp) and 140 Nm (103 lb-ft) of torque.

The bike is said to have reached a top speed of 275 km/h (171 mph) on a test circuit in Mugello, Italy.

Despite carrying a fairly large 18 kWh battery, Ducati was able to bring the weight of the V21L prototype down to just 225 kg (496 lb). It’s still a heavy bike, but it weighs a lot less than the 282 kg (621 lb) Energica Ego electric motorcycle it will replace from the 2023 season.

While Ducati may have spent years dragging its feet on two-wheeled electric vehicles, it’s hard to argue that the company isn’t catching up with a series of big unveilings. What do you think of Ducati’s progress in electric vehicles? Let’s hear your thoughts in the comments section below!

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Renewables remain the cheapest, but cost reductions are on hold

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Renewables remain the cheapest new power generation option in Australia, although inflation and supply chain disruptions are likely to put cost cuts on hold for next year, according to the annual GenCost report PDF (2 MB) of CSIRO.

Each year, Australia’s national science agency CSIRO and the Australian Energy Market Operator (AEMO) work with industry to provide an up-to-date estimate of the costs of large-scale electricity generation in Australia.

The report considers a range of future scenarios to understand the mix of technologies that can be adopted and the costs for each of these possible pathways.

The 2021-22 report confirms previous years’ findings that wind and solar are the cheapest source of electricity generation and storage in Australia, even taking into account the additional integration costs resulting from generation renewable energy variable, such as energy storage and transmission.

According to CSIRO Director General Dr. Larry Marshall, the detailed scientific and technical analysis reported in GenCost provides important electricity market insights, helping industry and government navigate the country’s energy transition. Australia.

“Australia’s energy sector faces a number of unique challenges as we navigate the transition to net zero emissions. GenCost is a rigorous analysis to help inform decision makers with detailed information to support the decarbonisation of Australia’s energy system.

“The latest report shows that renewable energy remains the cheapest source of electricity for new construction.

“With the world’s highest penetration of rooftop solar, unique critical energy metals, a world-class research sector and a highly skilled workforce, Australia can turn our challenges into the huge opportunity to be a global leader in renewable energy,” he said.

The report’s projections assume that cost reductions for all technologies will stagnate over the next 12 months as tight global supply chains take longer to recover from the pandemic.

However, after the current inflationary cycle is over, solar, wind and batteries should all continue to be cheaper.

CSIRO chief energy economist Paul Graham said researchers have seen year-on-year cost reductions for most technologies and this year’s report was no exception. .

“What will be different next year is that we will have a confluence of factors impacting project costs. the economy through transportation and energy costs. We also have tight supply chains that are still recovering,” he said.

The 2022 final report also includes an update on the costs of hydrogen electrolyzers which are experiencing rapid cost reductions and could support a faster transition to green hydrogen, especially in the current environment of high natural gas prices. .

The updated analyzes also revealed that:

  • Onshore and offshore wind costs fell faster than expected. Changes in onshore wind costs reflect Australian projects. Offshore wind has yet to be developed in Australia, but cost reductions achieved overseas mean Australian projects are expected to be less expensive than expected.

  • Solar and wind continue to be the cheapest sources of electricity for any expected share of renewables in the grid – between 50% and 90%. A 100% renewable system would not consist entirely of wind and solar energy, but would include other renewable energies such as hydroelectricity, biomass and green hydrogen.

  • Solar and wind begin to require additional investment in storage and transmission once variable renewables reach around 50% of generation share. Solar and wind require new transmission connections to access the best resource. Storage, in the form of batteries or pumped hydro, combined with existing flexible gas generation, ensures that demand can be met reliably from these variable generation sources.

  • Cost reductions for technologies that are not currently widely deployed, such as carbon capture and storage (CCS), small modular nuclear reactors (SMRs), solar thermal and ocean power, are lagging and would require greater investment to realize their full potential.

  • The status of nuclear SMRs has not changed. Following extensive consultation with the Australian electricity industry, the report’s findings see no prospect of domestic projects this decade, given the commercial immaturity and high cost of the technology. Future cost reductions are possible but dependent on its successful overseas commercial deployment.

AEMO Executive Director General – System Design, Ms. Merryn York, said the analysis shows that timely investment in new renewable energy will provide the most economical form of electricity generation in the future.

“With the growing opportunity to decarbonise the Australian economy, understanding the investments that can support a low-emission electricity system, provide resilience to international pressures and reduce consumption costs is critically important to enabling the energy transition” , she said.

/Public release. This material from the original organization/authors may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the author or authors. See in full here.

Biden administration takes key step in controversial Alaska oil drilling project, angering environmental groups

By Ella Nilsen, CNN

(CNN) – The Biden administration has taken a key step forward on a controversial oil drilling project in Alaska’s North Slope, angering climate advocates who say the project would release tons of emissions and condemn the president’s climate goals.

The US Department of the Interior released a draft environmental impact statement for the ConocoPhillips oil drilling project, known as Willow, on Friday evening. The statement does not represent a final decision and includes several potential scenarios for the project, including no drilling. But it was a critical step the Biden administration needed to take to move the process forward — setting off alarm bells among environmental groups.

If approved and built, the project would produce 629 million barrels of oil over a 30-year lifespan and release between 278 million and 284 million metric tons of carbon dioxide that would warm the planet, according to the draft statement. of environmental impact.

ConocoPhillips is proposing five drill sites on federal lands in Alaska’s North Slope, and the project would include a processing facility, oil transport pipelines, gravel roads, at least one airstrip and a gravel mine site, says the draft EIS report.

The Biden administration has faced considerable pressure from congressional Republicans and Democratic Sen. Joe Manchin of West Virginia to boost domestic energy production to help lower gasoline prices, even if this project would take years.

Republican Senator Lisa Murkowski of Alaska applauded the administration’s decision and said she would “continue to hold them accountable” in hopes the project would begin construction this winter.

“From day one, I have elevated Project Willow to a top priority for the administration,” Murkowski said in a statement.

Environmental groups blasted the new development, saying it would destroy Biden’s climate goals of halving U.S. greenhouse gas emissions by the end of the decade and accelerating the pace of climate change. climate change.

“This project is a pending climate catastrophe,” Christy Goldfuss, senior vice president for energy and environmental policy at the Center for American Progress, said in a statement. “Once approved, it will define the country’s energy future for the next 30+ years without impacting the pain Americans are currently feeling at the pumps.”

The groups also said the project would harm native wildlife, including polar bears, migratory birds and caribou.

“We cannot allow ConocoPhillips to destroy this pristine region – which is already warming three times faster than the rest of the world due to climate change,” said Alex Taurel, conservation program director for the League of Conservation Voters. , in a press release.

Willow was initially approved by the Trump administration, but was then temporarily blocked by a judge who said the previous administration’s environmental analysis was insufficient and did not fully consider potential harm to wildlife. or additional impact on climate change.

The Biden administration’s new EIS project was necessary for the project to continue.

With the release of the draft, a 45-day public comment period takes effect before the administration makes a final decision.

The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia company. All rights reserved.

Drilling Fluids Market SWOT Analysis by 2028

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New Jersey, United States – The Drilling Fluids Market The research report aims to provide a quick overview of the overall industry performance and important new trends. Important information, as well as conclusions, latest key drivers and constraints, are also described here. A wide range of quantitative and qualitative techniques are used by market analysts, including in-depth interviews, ethnography, customer surveys, and secondary data analysis. It becomes easy for major players to collect important data regarding key organizations along with information such as customer behavior, market size, competition and market needs. By referring to this Drilling Fluids Market research report, it becomes easy for key players to take evidence-based decisions.

This Drilling Fluids Market research report adds the potential to impact its readers and users as market growth rate is affected by innovative products, increase in demand for the product, the richness of raw materials, the increase in disposable income and the modification of consumer technologies. It also covers the effect of COVID-19 virus on market growth and development. Market participants can briefly study the report before investing in the market and expect higher returns. According to the report, the market scenario continues to fluctuate based on many factors.

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Top Key Players in Drilling Fluids Market Research Report:

Schlumberger (MI Swaco), Halliburton, Baker Hughes, Newpark Resources, Tetra Technologies, Canadian Energy Services & Technology, National Oilwell Varco, Scomi Group Bhd, Secure Energy Services, Weatherford International, Anchor Drilling Fluids USA, Global Drilling Fluids & Chemicals, PetroChina , Sinopec, CNOOC

Key Segments Covered in the Drilling Fluids Market – Industry Analysis by Types, Applications and Regions:

Drilling Fluids Market – Type Outlook (Revenue, USD Million, 2017-2029)

• Oil Based Fluids (OBF)
• Water Based Fluids (WBF)
• Others

Drilling Fluids Market – Application Outlook (Revenue, USD Million, 2017-2029)

• Onshore oil
• Offshore oil
• Natural gas industry

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ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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? North America (United States, Canada and Mexico)
? Europe (Germany, France, UK, Russia and Italy)
? Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
? South America (Brazil, Argentina, Colombia, etc.)
? Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

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? Fragmentation of drilling fluids by product type, end use and region
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Citgo ready to resume oil imports from Venezuela if the United States allows it – CEO

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The Citgo Petroleum refinery is pictured in Sulfur, Louisiana, U.S., June 12, 2018. REUTERS/Jonathan Bachman/File Photo/File Photo

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CARACAS, July 8 (Reuters) – U.S. refiner Citgo Petroleum is ready to resume imports of Venezuelan crude, suspended since 2019 by Washington sanctions against its parent PDVSA, if the U.S. government allows the flow, the CEO said on Friday. from Citgo.

Since March, senior US and Venezuelan officials have engaged in political negotiations that could lead Washington to ease oil trade sanctions that have hit the OPEC country’s production and exports.

OPEC and the French government, representing Europe, have called on Washington to allow Venezuelan and Iranian crude to flow to consumer nations struggling to replace Russian energy supplies during the war in Ukraine.

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“To compete in this market, we need to buy the cheapest and most convenient crude,” Citgo CEO Carlos Jorda told an online conference about Venezuela’s foreign energy assets. “We should not be at a disadvantage” compared to other refiners.

Citgo did not immediately respond to a request for additional comment.

In May, President Joe Biden’s administration allowed European firms Eni (ENI.MI) and Repsol (REP.MC) to resume imports of Venezuelan crude, which helped boost oil exports last month. country at more than 600,000 barrels per day.

Chevron Corp (CVX.N), the last U.S. producer operating in Venezuela, is also seeking permission from the U.S. Treasury Department to ship Venezuelan oil to the United States and even gain operational control of its joint ventures.

“If authorized (Venezuelan) crude arrives on the U.S. Gulf Coast without penalties at competitive prices, especially if it is heavy crude, we will definitely have to assess it,” said Horacio Medina, president of a board of directors overseeing Citgo, at the same conference. .

“I see no reason to be radically closed to this,” he added.

Citgo, whose first-quarter profit grew more than 10-fold from a year ago to $245 million on higher crude processing volumes and soaring fuel prices, plans to release its second-quarter results in the coming week, Jorda said.

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Reporting by Deisy Buitrago, writing by Marianna Parraga; Editing by David Gregorio

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Five paths to net zero, while securing critical energy for today

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In these unstable times, how can the UK achieve net zero, while securing energy today? Thanks, above all, to a stable fiscal climate which unequivocally encourages investment, says David Bunch, chairman of Shell in the United Kingdom.

Think back to COP26. At the time, few people would have imagined a war in Europe three months later. Nor that within six months soaring global energy prices would leave one in five households in fuel poverty, as national electricity and gas bills soared.

The invasion of Ukraine is a horrible human tragedy. For those far from the conflict zone, it was also a stark reminder that affordable and reliable energy is not a given. On the contrary, it showed how complex and fragile the global energy system is. A difficult system to change.

But we have to change it. For UK energy security. For the fate of the people of this country. For the future of our planet. And in these times of unprecedented global volatility, companies like mine are looking to government for stability.

Shell UK, of course, will do its part. We intend to invest between £20 billion and £25 billion in the UK over the next decade, subject to board approval. More than 75% of this sum is earmarked for low- or zero-carbon products and services, including offshore wind, hydrogen and electric vehicle charging. But this requires a stable policy and regulatory framework. Our intent focuses on five main areas.

First, we will play our part in keeping energy flowing in the country, helping to make Britain’s energy system stronger and more self-sufficient. Our Jackdaw project recently received government approval and could produce 6.5% of the UK’s North Sea gas, enough to heat 1.4 million homes this decade.

Second, we intend to accelerate the development of new low-carbon and renewable energy sources in UK industrial heartlands. Together with our partner ScottishPower, for example, we plan to build and operate two of the world’s first large-scale floating offshore wind farms off the coast of Scotland, bringing clean energy to power the equivalent of six million of British homes.

Third, we aim to lead a nationwide rollout of charging infrastructure to accelerate the uptake of electric vehicles, so that by 2030 90% of UK drivers are no more than 10 minutes away from a fast charger Shell. Specifically, we aim to have 100,000 public charging stations installed across the country by 2030.

Fourth, we want to provide more certified renewable electricity to customers at home and on the go. We aim to supply five million UK customers by 2030. And finally, we want to invest £100m over the next decade in what we call ‘net zero generation’. Through this program we aim to help 15,000 people in communities across the UK find employment with a focus on energy transition.

These changes cannot happen alone. Business, government and society must all come together. In addition to a stable fiscal and investment climate, we need policy frameworks that encourage the development of low-carbon technologies at pace and scale. Policymakers should also build on the North Sea Transition Agreement to support a stable and rapid regulatory regime and the transition to a wide range of energy assets, including gas and offshore wind.

I hope together we can seize this moment and drive big change to transform the UK’s energy system, propelling the country towards its net zero target of 2050, while securing the critical energy supply needed to drive it forward. the UK today.

This article appeared in The Path to Net Zero, a special report to mark Net Zero Week 2022, with contributions from MP Anne-Marie Trevelyan, MP Alex Burghart and MP Kerry McCarthy. Learn more here.

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Use of alternating current results in higher electricity demand in summer

BC Hydro Data shows that an increase in the use of air conditioning (AC) in British Columbia homes has significantly increased electricity demand in the summer and predicts that this upward trend will continue due to climate change.

A new report titled, “AC Dependence: Summer Electricity Demand Rises with AC Use,” shows that since 2017, BC Hydro’s residential electricity demand has increased 12% from June to August, mainly due to an increase in the use of alternating current in residences.

“Climate change has made access to alternating current increasingly vital as summer temperatures rise,” said BC Hydro spokeswoman Susie Rieder. “BC Hydro data shows that AC use has increased by about 50% over the past decade, from a quarter of British Columbians using it at home to nearly 40%, but we always see a much higher electricity demand during the winter months.”

With record heat last summer, BC Hydro set 19 of its 25 all-time summer daily peak records, including breaking its all-time summer peak hourly demand record – hour of day when British Columbians use the most electricity – when demand reaches 8,568 megawatts. Compared to summer 2017, peak hourly demand in summer 2021 increased by approximately 13%.

This summer, temperatures are expected to rise from July to September and electricity demand is expected to increase during this period, mainly due to the use of alternating current. In a recent poll conducted on behalf of BC Hydro, 62% of British Columbians with AC said their AC use has increased at home in recent years, and 63% have used their AC for more than five hours. per day last summer. This year, a quarter of British Columbians have bought or upgraded an air conditioner, with 72% citing the increasingly intense and frequent summer heat as their main motivation.

BC Hydro expected to increase summer demand. BC Hydro has excess electricity and its 20-year Integrated Resource Plan outlines how it will meet future electricity demand through a combination of energy conservation, system upgrades and resource development additional production.

This summer, BC Hydro recommends that British Columbians take the following steps to stay cool, save energy and stay safe:

  • Cooling with a heat pump: Because BC Hydro generates 98% of its electricity from clean, renewable resources that are primarily water-powered, using a heat pump for summer cooling and winter heating is greener than a gas-powered system. It is also more energy efficient than using multiple portable AC units. BC Hydro is offering up to $3,000 in rebates to switch from a fossil fuel-based system, which can be combined with provincial and federal rebates for a total savings of up to $11,000 on cost and fuel. installation, with some municipalities adding additional discounts on top of that.
  • Go ductless: If a central heat pump system isn’t an option for your home, ductless units are a great option while still providing the same benefits as a central system.
  • Buy smart: If you’re buying an air conditioner, opt for a window air conditioner over portable units, as they’re twice as energy efficient — especially if they’re ENERGY STAR certified — ENERGY STAR models use about 30-40% less energy. ‘energy. than standard units.
  • Temperature Optimization: Cool homes to 25 degrees Celsius during summer months when occupied, and air conditioning should be turned off when unoccupied.
  • Closing curtains and blinds: Shaded windows can block up to 65% of heat.
  • Running a Fan: Running a fan nine hours a day in the summer costs only $7.
  • Usage Tracking: Use MyHydro to track electricity usage and see how air conditioning usage can impact costs.

BC Hydro


Enterprise Increases Quarterly Distribution | business thread

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HOUSTON–(BUSINESS WIRE)–Enterprise Products Partners LP (NYSE:EPD) (“Enterprise”) today announced that the board of directors of its general partner has declared the quarterly cash distribution paid to limited partners holding common units of Enterprise for the second quarter of 2022 of $0.475 per unit, or $1.90 per unit on an annualized basis.

The quarterly distribution will be paid on Friday, August 12, 2022 to ordinary unitholders of record at the close of business on Friday, July 29, 2022. This distribution represents an increase of 5.6% over the distribution declared for the second quarter of 2021. .

This increase in distribution is the 74 of the partnershipe increase in distribution since its IPO in 1998. This year will be the 24e consecutive year of distribution growth. During the second quarter of 2022, Enterprise repurchased $35 million of its common shares on the open market. Including these purchases, the partnership used 26% of its $2.0 billion authorized buyback program.

Enterprise will announce its results for the second quarter of 2022 on Wednesday, August 3, 2022, before the opening of the New York Stock Exchange. Following the announcement, the partnership will host a conference call at 9 a.m. CDT with analysts and investors to discuss earnings. The call will be webcast live and accessible via the “Investors” section of the partnership’s website at www.enterpriseproducts.com. A replay of the webcast will be available for one week after the conference call and will be available for viewing approximately one hour after the conference call ends.

Enterprise Products Partners LP is one of North America’s largest publicly traded partnerships and leading providers of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: the gathering, processing, treatment, transportation and storage of natural gas; NGL transport, fractionation, storage and marine terminals; crude oil collection, transport, storage and marine terminals; transport, storage and maritime terminals of petrochemical and refined products; and a shipping company that operates on major United States domestic and intra-coastal waterway systems. The partnership’s assets currently include over 50,000 miles of pipeline; more than 260 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity.

This release is intended to be qualified advice under Treasury Regulation section 1.1446-4(b). Dealers and agents must treat one hundred percent (100.0 percent) of distributions from Enterprise to non-US investors as being attributable to income actually connected with a trade or business in the United States. Accordingly, distributions from Enterprise to non-US investors are subject to federal income tax withholding at the highest applicable effective tax rate.

This press release contains “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included herein that address activities, events, developments or transactions that Enterprise and its General Partner expect, believe or anticipate will occur or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required regulatory approvals, the possibility that the anticipated benefits of such activities, events, developments or transactions may not be fully completed, the possibility that costs or difficulties relating thereto may be greater than anticipated, the impact of competition and other risk factors included in Company’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Mansfield is seeking funding for a water harvesting project at the Mansfield Community Center

July 5—MANSFIELD — Mansfield City Council is trying to secure funds for a water harvesting project at the Mansfield Community Center.

This project involves the design and installation of a system to collect, filter, store and reuse rainwater from the roof of the community center.

The city believes this project would make the facility more sustainable by reducing or eliminating the need for water from the local water supply system (the University of Connecticut water system, which is operated by Connecticut Water) .

“We’re doing a lot in town to try to make the town more sustainable,” Mansfield Mayor Antonia Moran said. “It’s a big project, so I really hope we can start the project very soon.”

At Monday’s city council meeting, council gave the go-ahead for the city to submit an application for the project to receive funding from the Neighborhood Assistance Act program.

This program provides funding for community programs conducted by a municipal government or tax-exempt agency through a corporate tax credit to businesses that make cash contributions to the city.

The community program must be approved by both the municipal agency and the Connecticut Department of Revenue Services.

Businesses can receive a Connecticut tax credit for their contributions to municipal programs that are approved by the Connecticut Department of Tax Services.

The amount of the tax credit is determined according to the type of project in which the company invests.

The minimum investment required is $250 and the maximum investment for a business in a calendar year is $150,000.

Two types of community projects and programs are eligible for funding under the Neighborhood Assistance Act: energy conservation projects and community programs.

Energy-saving projects benefit from a tax credit of 100% of the money invested.

Energy saving projects eligible for financing by

MANSFIELD, Page 4

Pineapple Energy Announces Chi – GuruFocus.com

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MINNETONKA, Minnesota, June 15, 2022 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (PEGY) (“Pineapple” or “the Company”), a leading provider of sustainable solar energy and backup power for households and Small Business, today announced that Chief Financial Officer Mark Fandrich has decided to step down from his role, effective the date the company files its second quarter Form 10-Q, which is currently scheduled for August 12, 2022. Mr. Fandrich will work with Corporate Comptroller Kristin Hlavka and CEO Kyle Udseth through the completion of the company’s second quarter SEC filings and have also agreed to provide support after Aug. 12 regarding the sale of the remaining assets of CSI, JDL and Ecessa.

Mark Fandrich commented: “My decision to leave was not easy given my view that Pineapple’s future in residential solar is very bright. That said, I believe a shift now allows me to refocus my skills as I begin to explore new opportunities while spending more time with my family. I greatly value the opportunities presented to me at CSI and Pineapple and have enjoyed working with the true professionals on our leadership team.

Pineapple President Roger Lacey said, “Mark has been instrumental in the successful multi-year strategic transformation of Communications Systems, Inc. into Pineapple Energy Inc., which positions us as an exciting new entrant in the substantial market. and rapidly growing residential solar. Mark’s dedication to the project and his perseverance in overcoming many challenges has been essential to our success. We recognize his desire to conclude this phase of his career and wish him only success in his next projects. We also very much appreciate his intention to support us during the transition period as we identify a new CFO. »

About Pineapple Energy

Pineapple is focused on growing leading local and regional solar, storage and energy service companies nationwide. Our vision is to fuel the energy transition through grassroots growth in solar electricity combined with battery storage. Our portfolio of brands (Hawaii Energy Connection, E-Gear, Sungevity and Horizon Solar Power) provide homeowners and small businesses with an end-to-end product offering solar, battery storage and grid services.

Forward-looking statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pineapple Energy’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expressed or implied by the statements herein due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties, set forth in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date of this press release. Pineapple Energy undertakes no obligation to update or revise these forward-looking statements for any reason, except as required by law.

contacts:

Pineapple Energy
Kyle Udseth
Chief executive officer
+1 (952) 996-1674
[email protected]

The Blueshirt Group
Gary Dvorchak, CFA
General director
+1 (323) 240-5796
[email protected]

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IFS acquires ULTIMO

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  • IFS extends its leadership in the EAM software space with ULTIMO’s impressive product capabilities, customer base and team of experts.
  • ULTIMO’s SaaS offering is differentiated by rapid return on investment, high levels of flexibility and configurability

LINKOPING, Sweden, July 5, 2022 /PRNewswire/ — IFSannounces that it has signed a definitive agreement for the purchase of Ultimo Software Solutions, the Netherlands cloud-based enterprise asset management (EAM) software provider. ULTIMO has been widely recognized for building a solid reputation for the completeness, flexibility and configurability of its SaaS EAM solutions.

IFS has a deep and long heritage in asset management and provides industry-specific, end-to-end EAM software to companies with complex needs and seeking to manage the efficiency of their assets from cradle to grave. .

ULTIMO complements the IFS Cloud EAM offering with a proven track record of delivering faster ROI in the industries they serve and providing a widely accredited EAM point solution for its rapid deployment and ease of use.

Founded in 1988, ULTIMO’s clientele is mainly located in Europe with some American presence. The company has its registered office at the Netherlandshas 180 employees and more than 2,000 customers, including London Gatwick Airport, BASF, VTTI, Ravago, Vion Food Group, Argent Energy and Hutchison Ports ECT Rotterdam.

The combination of IFS and ULTIMO means that IFS stands out from its competitors as the only vendor able to offer cloud-native EAM solutions that meet all businesses with complex end-to-end business needs or as a stand-alone point solution.

CEO of IFS, Darren Rooscommented“This acquisition puts IFS in a uniquely strong position as we now offer the most comprehensive set of EAM capabilities on the market. The flexibility and configurability of ULTIMO perfectly complements the end-to-end capabilities of IFS Cloud.” Roos added“Helping our customers achieve their Moment of Service goals by turning the assets and services they need into a business differentiator has been central to IFS’s success in EAM, and we know that’s something something that also resonates with ULTIMO customers.”

Willem-Jan ScholtenCEO of ULTIMO commented“I’m proud that we’ve succeeded in establishing ULTIMO as a respected provider of enterprise asset management software in our key industries. The market is ripe for disruption and we still have a lot to do, which is why being part of the IFS family means we can capitalize on our shared ambitions even faster.” He concluded“Now part of the industry’s #1 EAM software provider, we have found in IFS a company that shares our values ​​and provides the support we need to take on what is so special about ULTIMO. – with our product, our customers, our employees and our partners – at the next level.”

Earlier this month, Gartner recognized IFS as #1 in EAM market share by revenue – compared to SAP, IBM, Infor and Oracle – with an 18% share, which increased by 29.1% year-on-year. Additionally, IFS’s commitment to customer success was also recognized by Gartner Peer Insights which awarded IFS the Customers’ Choice distinction. The company believes this achievement is proof that its continued goal of bringing composable technology to market with industry-specific capabilities is resonating with customers.

For more information on IFS Cloud for EAM, please visit: https://info.ifs.com/eam.html

IFS expects the acquisition of ULTIMO to be finalized in the third quarter of 2022.

About IFS

IFS develops and delivers enterprise software for companies around the world that manufacture and distribute goods, build and maintain assets, and manage service-oriented operations. Within our single platform, our industry-specific products are inherently connected to a single data model and utilize embedded digital innovation so our customers can perform at their best when it really matters to their customers – at time of service. The industry expertise of our people and our growing ecosystem, coupled with a commitment to delivering value at every step, has made IFS a recognized leader and the most recommended supplier in our industry. Our team of 4,500 employees lives our values ​​of agility, reliability and collaboration every day in the way we support our more than 10,000 customers. Find out how our enterprise software solutions can help your business today at ifs.com.

About Ultimo Software Solutions

Ultimo provides the #1 flexible enterprise asset management cloud platform for midsize businesses. The software is used by more than 2,000 customers worldwide in manufacturing, healthcare, logistics, infrastructure and utilities. It offers customers in these sectors numerous advantages such as increased availability, cost control, increased equipment life, ease of compliance with laws and regulations and the assurance of safe working environment. Ultimo delivers these benefits with unparalleled ROI through fast implementation processes, seamless integrations, and self-service application management. The company was established in 1988, has offices in the Netherlands, Belgium, Germany and the UK, and is supported globally by an extensive ecosystem of open partners. www.ultimo.com

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Indian stocks gain around 1% as energy and metals stocks rally

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A general view of the Bombay Stock Exchange (BSE), after Sensex broke above the 50,000 level for the first time, in Mumbai, India January 21, 2021. REUTERS/Francis Mascarenhas

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BENGALURU, July 5 (Reuters) – Indian stocks rose on Tuesday, led by energy companies and battered metal stocks, as falling commodity prices eased worries about runaway inflation.

At 05:14 GMT, the NSE Nifty 50 Index (.NSEI) climbed 1% to 15,999, while the S&P BSE Sensex (.BSESN) rose 0.96% to 53,747.87.

The Nifty Metals index (.NIFTYMET) gained 1.8% after falling almost 2.5% in the previous session, while the energy index (.NIFTYENR) rose 1.3 %.

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“Commodity prices have come down from the peak. This has reduced inflation fears. Although fears of rate hikes and recession have not completely evaporated, the doomsday scenario has eased a lot,” Anand said. James, chief market strategist at Geojit Financial Services.

Prices for several commodities, including steel, iron, wheat, palm oil and crude, have fallen from multi-month highs over the past two weeks.

The Nifty Volatility Index (.NIFVIX), which indicates traders’ expectations for market volatility over the next 30 days, fell 2% to 20.535.

The volatility index has been supportive and as we head into earnings season, it’s giving the markets some kind of positivity to look past rate hikes and recession-related worries, James said.

Among individual winners, PTC India Financial Services (PTCN.NS) jumped nearly 20% after the non-banking financial firm said an independent audit had issued a “satisfactory report” after finding the company maintained a sufficient transparency.

PTC India Financial has been under the Indian market regulator’s radar for its corporate governance issues. Read more

Marksans Pharma (MARK.NS) jumped 17.8% after a proposed share buyback.

Meanwhile, Asian stocks edged higher as positive economic data and signs of easing Sino-US tensions offered some respite from recent selling, although lingering fears of a recession and inflation dizzying heights have kept most buyers at bay.​

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Reporting by Nallur Sethuraman in Bangalore; Editing by Amy Caren Daniel and Uttaresh.V

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West Africa Powerhouse Unites Global Players to Accelerate Global Energy Partnerships at NOG 2022

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FFrom Asia to the United States, India, Turkey, Qatar, Spain and Portugal, Nigeria’s drive to forge international energy partnerships is boundless. The NOG Conference and Expo, to be held July 4-7, 2022 in Abuja, is Nigeria’s premier energy conference and will examine Nigeria’s positioning in the changing global energy landscape, with a focus on financing and emerging opportunities to transform its energy industry.

This has become imperative as the world walks the fragile tightrope of the ‘new different reality’ of the global energy system, Africa, and in particular its largest economy, Nigeria, has been hit hard but also finds itself at a crossroads of immense potential.

Since the start of the Ukraine crisis, the global economy has been significantly disrupted, leading to soaring inflation and a potential food crisis, especially in emerging economies like Nigeria. As global markets saw an oil price spike of over $100 a barrel, Nigeria’s oil and gas sector was unable to increase its reserves – in fact, that loss was compounded by a low oil production hovering around 1.2 million bpd.

In line with this position, the theme of the twenty-first edition of the NOG Conference and Expo is “Financing the Nigerian Energy Mix for Sustainable Economic Growth” will focus on strategies that will be employed by Nigerian government and private sector leaders. to navigate the emerging energy business environment – ​​helping to set the national energy agenda for the next 12 months.

One of the main opportunities for Nigeria in this dynamic is to expand its gas supply and energy cooperation with the world. The EU, which derives a substantial percentage of its oil and gas from Russia, is seeking alternative energy sources. With Nigeria already supplying France, Portugal, Spain and Belgium, it is on the radar to supply other EU countries as well, especially as the country is currently scrambling to shift its gas reserves from 206 trillion cubic feet to 600 trillion cubic feet.

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However, to be able to respond fully to EU demand, Nigeria needs to develop its infrastructure and increase its investments. This is at the heart of the various discussions and debates that will take place at the NOG Conference & Exhibition.

Among the participating dignitaries are HE Timipre Sylva, Minister of Petroleum Resources, HE Otunba Niyi Adebayo, Minister of Industry, Trade and Investment and HE Mohammad Sanusi Barkindo, Secretary General of OPEC.

Industry leaders include Senator Margery Chuba Okadigbo, Chairman of the Board, NNPC, Mele Kolo Kyari, Group Managing Director, NNPC, Richard Kennedy, Chairman and Managing Director, Chevron Nigeria/Mid-Africa Business Unit and Chairman, OPTS, Mike Sangster, Managing Director and Managing Director, TotalEnergies EP Nigeria Limited, Richard Laing, Chairman and Managing Director, ExxonMobil Affiliate Companies in Nigeria, Osagie Okunbor, Managing Director, The Shell Petroleum Development Company of Nigeria Limited and National Chairman, Shell Companies in Nigeria, Elohor Aiboni, Managing Director, Shell Nigeria’s Exploration and Production Company Limited and Philip Mshelbila, Managing Director and Chief Executive Officer, Nigeria LNG.

2022 sponsors include NNPC, ExxonMobil, Nigeria LNG, Shell, Chevron, TotalEnergies, Oando, IPPG, NUPRC, NCDMB, Prime Atlantic, DCPL, Coleman Cables, UTM Offshore, First E&P, ND Western, Samsung Heavy Industries Nigeria, Montego, Nivafer, RusselSmith, Vurin Group, MG Vowgas Group, West African Ventures, MicCom Cables, Niger Delta E&P, Eleva Group, Heritage Group, Seplat Energy, Banwo & Ighodalo.

Various industry players have named NOG as one of the key energy sector events in Nigeria for the strategic business planning and decision-making process and look forward to the conversations that will shape the country’s energy agenda. for the next 12 months and beyond.

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Australian coal-fired power plant to house huge 1.45 GW/2.9 GWh battery – pv magazine International

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Queensland Government-owned power generator Stanwell has revealed plans to build a massive 1.45GW/2.9GWh battery storage system alongside Stanwell coal-fired power station in central Queensland. Queensland as the state government seeks to increase energy storage capacity to support the transition to renewables.

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State government-owned energy company Stanwell is advancing plans to develop a large-scale, stand-alone battery with combined 1.45GW/2.9GWh energy storage next to its power plant Stanwell Coal near Rockhampton in central Queensland. Stanwell said the battery would support continued investments in renewable energy and help maintain system security and reliability.

A material change of use application has been lodged with Rockhampton County Council on behalf of Stanwell, which owns and operates coal-fired power stations at Stanwell and Tarong, for a new battery energy storage system at the utility scale (BESS).

According to the planning report, the BESS would be installed on a 12-hectare site near Stanwell Power Station and would be built in two stages. The first stage would involve the installation of lithium-ion batteries with an output of 150MW/300MWh, while the second stage could use lithium-ion or flux battery technology with an output of up to 1,300 MW/2,600 MWh.

Stanwell, which is also progressing with plans to develop a 150 MW/300 MWh battery adjacent to the Tarong The power station site near Nanango in South Burnett, said it was looking to develop a profitable, high-quality portfolio of renewable energy and energy storage assets to support its long-term strategy. of providing low-emission solutions to commercial and industrial retail businesses. clients.

“As a business, we are exploring a range of future energy solutions to ensure we are in the best possible position to respond to market developments,” the company said. “We are exploring a range of opportunities to integrate technologies into our asset portfolio, including hydrogenenergy storage, wind, solar and bioenergy.

The government-owned generator said the large-scale BESS will play an increasingly important role in the National Electricity Market (NEM) as it transitions to a predominantly renewable energy system. “Energy storage will be critical as it facilitates the integration of renewables into the energy system by storing electricity generated by wind and solar and supplying it to the market when needed,” he said. -he declares.

The first stage of the Stanwell battery would incorporate lithium-ion technology. The report, filed by Brisbane-based design and engineering firm Aurecon, says the Stanwell Battery will be able to store electrical energy from the NEM and export it to it. “The project will store electricity during periods of high supply and/or low utilization and provide electricity during critical peak hours enabling reliable and affordable energy supply during these periods,” the report states.

The BESS will also provide Frequency Control Auxiliary Services (FCAS) to the NEM, helping to ensure that power supply and demand match at all times. “By acting as a load during peak periods of solar generation and providing energy services that support system stability, the BESS will support the deployment of renewable energy generation in the NEM,” the report states.

Stanwell Battery is to be built on a site adjacent to Stanwell Power Station, approximately 28 kilometers south-west of Rockhampton. Stanwell said the location of the battery storage on the site would allow it to capitalize on existing land and connection infrastructure with the proposed BESS to connect to the adjoining distribution substation of Queensland network operator Powerlink. via a 275 kV transmission line.

Although no timetable for the project was detailed in the planning report, Stanwell previously indicated that it would likely go live in 2024, although the report acknowledged that the project remains subject to approvals.

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Liz Truss mulls seizure of Russian assets in UK to donate to Ukraine | Ukraine

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The UK wants to follow Canada’s lead and seize Russian assets in the UK to give to Ukraine, Liz Truss said.

It comes as the foreign minister is due to deliver a speech on Monday at a Ukraine reconstruction conference in Lugano, Switzerland, which will be attended in person or virtually by most of Ukraine’s top political leaders.

It is estimated that more than 120,000 homes in Ukraine were destroyed during the Russian invasion, creating the need for billions in revenue to restore the country economically and turn it into a European-oriented economy.

Truss told MPs last week that she supported the idea that the government could seize Russian assets frozen in the UK and redistribute them to victims of Russia’s war in Ukraine.

She said: “I support the concept. We are looking at it very closely. Canadians have actually just legislated. This is something we are working on jointly with the Home Office and the Treasury, but I certainly agree with the concept. We just need to fully understand the details. »

She said the initiative would “most likely” need legislation, but not necessarily.

The seized funds could be provided either to individuals in the form of reparations or to the Ukrainian state. Currently, the UK can suspend Russian assets under the Economic Crimes Act for 56 days and extend the suspension for another 56 days. During this period, the owner of the asset cannot benefit from the asset in any way.

In his speech to the conference, Truss will say the UK will position itself as Ukraine’s key partner in the recovery process and will say it has already offered $1.5 billion to the country through guarantees multilateral loans and over £100 million in bilateral support.

She will say: “The recovery of Ukraine from Russia’s war of aggression will be a symbol of the power of democracy over autocracy. This will show [Vladimir] Putin that his attempts to destroy Ukraine have only produced a stronger, more prosperous and more united nation.

“The UK is resolute in its support for Ukraine’s territorial integrity and will stand by Ukraine as it emerges as a strong, thriving and forward-thinking democracy. We led support for Ukraine during the war and will continue to lead support for the Ukrainian government’s reconstruction and development plan.

The Foreign Office said: ‘Humanitarian aid and mine clearance programs will help rebuild villages, towns and cities, and in the longer term the UK will share its economic and financial expertise to transform the Ukraine into a global hub for investment, business and cutting-edge technology. Technology. The UK will champion the takeover of Kyiv City and Kyiv Region, as requested by President Volodymyr Zelenskiy. »

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In practice, the extent of reconstruction will depend on the outcome and duration of the war, and whether eastern Ukraine – where the worst damage has been – is returned to Kyiv or remains in the hands of Kyiv. of the Russians.

It is estimated that around 6.4 million Ukrainians have left the country, while another 6-7 million citizens have left their homes and settled in western Ukraine. The cost of the war is estimated at $1 billion if it lasts until the end of the year. The International Monetary Fund has estimated Ukraine’s balance of payments gap through June at around 14.3 billion euros ($15 billion).

One of the objectives of the conference will be to outline a vision of a Ukrainian economy coherent with Europe, offering specialties in the sectors of agriculture, renewable energies and technology. One of the most sensitive issues will be a deoligarchization agenda and how to establish strong anti-corruption institutions at a time when large flows of money from the United States and Europe are likely.

Congress Asset Management Co. MA buys 3,445 shares of Dominion Energy, Inc. (NYSE:D)

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Congress Asset Management Co. MA bought a new stake in Dominion Energy, Inc. (NYSE:D – Get Rating) during the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The fund bought 3,445 shares of the utility provider, valued at around $293,000.

A number of other large investors also bought and sold shares of D. DeDora Capital Inc. bought a new stake in shares of Dominion Energy in Q1 worth $27,000. West Bancorporation Inc. purchased a new equity stake in Dominion Energy in Q4 for $30,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Dominion Energy stock in Q4 for $30,000. Rather & Kittrell Inc. purchased a new stake in Dominion Energy stock in Q4 for $31,000. Finally, Standard Family Office LLC purchased a new equity stake in Dominion Energy in Q4 for $32,000. Institutional investors hold 68.39% of the company’s shares.

Several equity research analysts have recently released reports on D shares. StockNews.com began covering Dominion Energy in a report on Thursday, March 31. They issued a “holding” rating on the stock. KeyCorp raised its price target on Dominion Energy from $90.00 to $92.00 and gave the company an “overweight” rating in a Wednesday, April 20 report. UBS Group lowered its target price on Dominion Energy from $99.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Morgan Stanley lowered its target price on Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating for the company in a Monday, May 23 research note. One analyst rated the stock with a sell rating, four gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $84.57.

D opened at $81.24 on Friday. Dominion Energy, Inc. has a 12-month low of $70.37 and a 12-month high of $88.78. The stock has a market capitalization of $65.91 billion, a price/earnings ratio of 22.69, a PEG ratio of 3.14 and a beta of 0.42. The company has a debt ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.65. The company has a fifty-day moving average price of $81.13 and a 200-day moving average price of $81.11.

Dominion Energy (NYSE:D – Get Rating) last released quarterly earnings data on Thursday, May 5. The utility provider reported earnings per share (EPS) of $1.18 for the quarter, missing the consensus estimate of $1.19 per ($0.01). The company posted revenue of $4.28 billion for the quarter, versus analyst estimates of $4.31 billion. Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The company’s revenue increased by 10.6% compared to the same quarter last year. In the same period a year earlier, the company posted earnings of $1.09 per share. On average, research analysts expect Dominion Energy, Inc. to post earnings per share of 4.11 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 20. Shareholders of record on Friday, June 3 received a dividend of $0.6675 per share. The ex-dividend date was Thursday, June 2. This represents an annualized dividend of $2.67 and a dividend yield of 3.29%. Dominion Energy’s dividend payout ratio is currently 74.58%.

About Dominion Energy (Get a rating)

Dominion Energy, Inc produces and distributes energy. The Company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina and Contract Assets. The Dominion Energy Virginia segment generates, transmits and distributes regulated electricity to residential, commercial, industrial and government customers in Virginia and North Carolina.

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Want to see what other hedge funds are holding D? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Dominion Energy, Inc. (NYSE:D – Get Rating).

Institutional ownership by quarter for Dominion Energy (NYSE:D)



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Traverse City Business News | Green Stage: Businesses Seek Cost Savings Through Environmental Sustainability

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Green Stage: Businesses Seek Cost Savings Through Environmental Sustainability

Green is the new black when it comes to the bottom line.

Ed Belanger, operations manager at the Munson plant, said the establishment of an energy conservation team there in 2008 paved the way for both environmental and economic savings.

“Our initial natural gas and electricity consumption score was 23 out of 100,” he said. “It was the worst quartile.”

He said the health complex had worked on and updated a number of areas of concern, including upgrading LED lighting, fine-tuning boilers, switching to eco-friendly cleaning products environment and the installation of time and occupancy sensors in operating rooms.

“It was a big deal,” he said of the operating room sensors.

To maintain a sterile environment, the air in the operating room is constantly under pressure.

“We have 20 air exchanges per hour. It takes the air away from the sterile environment,” he said. “When there’s no one in there, we cut it down to six. This saved a ton of energy.

The construction of the LEED-certified Cowell Family Cancer Center in 2016 also took these concerns into account, incorporating elements such as the use of electrically charged water in the cleaning of floors, which means that no additional chemicals are necessary.

The result of all these ongoing efforts?

“In 2019, we were ENERGY STAR certified,” Belanger said, referring to the Federal Environmental Protection Agency’s long-standing energy conservation program. “We went from 23 to 78. We’re in the top quartile of hospitals in the Midwest for energy use.”

Given its size relative to Munson, energy gains for Mitchell Graphics in Petoskey and Traverse City were more modest. But they still impact company bottom lines and shape company culture, owner Gary Fedus said.

“It’s been an integral part of our culture from the start,” he said.

For the printing company, one of the main concerns has been to recover and reuse all products that would otherwise go to landfill.

So they partnered with Emmet County, helping to develop its waste management and recycling program, he says.

“We recycle just about every part of our waste, from carpets and plastic to personal use – my Kind bar wrapper is recycled every day,” he said.

This green mindset also affected a recent office renovation.

“Everything we had, we reused, recycled or donated,” he said.

The company has been in business for 50 years and Fedus has been in charge since 2006.

“Since I’ve been running it, (care for the environment) has been more front and center,” he said.

The company has also joined the program offered by Petoskey to supply electricity produced by renewable sources. Fedus said it will be used up to 50% of its electricity consumption, although it admitted it is slightly more expensive.

When it comes to that electricity, the region’s largest power company, Consumers Energy, is trying to do its part.

“Most important is our clean energy plan,” said Josh Patrick, media spokesperson for Consumers, referring to the company’s plan to phase out coal by 2025.

He said using a combination of solar, wind and hydroelectric power will ultimately be both more affordable and more stable than using fossil fuels. The utility’s plan is to generate 8,000 megawatts from solar power by 2040.

“It’s a stable cost,” he said. “There are more fluctuations in the (current) market.”

He said consumers’ use of energy-saving products and practices – from LED light bulbs to hydroelectric power supplied by the Ludington Pump Storage Facility – offers opportunities for energy savings. costs for the utility as well as for its customers.

“We’re one of the only companies in America that wants people to use less of our product,” Patrick said. “It puts less strain on the electricity grid.”

In Frankfurt, the owners of Stormcloud Brewing Company have retrofitted the building they purchased with LED lights and launched an employee commute program that rewards them for not driving a car or truck to work .

“It’s part of our core mission,” said Rick Schmitt, who opened the brewery with Brian Confer in 2013.

The couple have since opened a new brewing facility east of town. Not only did they install LED lights and an 8 KW solar power system, but the facility was designed with light tubes that channel daylight into the facility. Schmitt said most of the time they didn’t even have to turn on the lights. There is even a car charging station.

There are several car charging stations at Crystal Mountain Resort and Spa.

“More and more people are using our chargers,” said Jim MacInnes, owner of the resort with his wife Chris. “I can go 40 miles for $1. It’s a good thing to do these days.

It’s just one of the ways the resort strives to minimize its carbon footprint, according to MacInnes, an engineer by trade.

“When we built our last building, we used a closed-loop geothermal heat pump” for heating and cooling, he said. The five miles of pipe is reminiscent of what he did for snowmaking, where bigger pipes mean less friction and more snowmaking with less power.

And yes, lots of LEDs. MacInnes said it installed 300 LED lights in the Crystal Conference Center.

“We saved enough to power a Chevrolet Volt 200,000 miles a year,” MacInnes said.

At TentCraft, decisions made to directly benefit the company and its customers have also had an environmental benefit.

“The biggest thing is that since 2018, we’ve been manufacturing everything in-house,” said Andrew Dodson, the company’s head of content marketing and public relations.

He said this means the company can control the quality of all of its components and processes.

“Our competitors import tent frames from China with different levels of quality,” he said. “We hear customers all the time saying they’re tired of throwing their tents away because they break too easily.”

This commitment to quality and recycling extends to its own waste. TentCraft’s partnership with PriorLife, a division of Britten, allows its overprinted vinyl to be used for tote bags.

“We’ve recycled 50,000 pounds of metal since 2019, resulting in a return of over $12,100,” Dodson said.

Most of the metal is aluminum, which they claim is almost infinitely recyclable. Kelly Yauk, digital marketing manager, said TentCraft only sources aluminum from suppliers who use at least 70% recycled material.

TentCraft is also piloting a logistics program for outdoor retailer REI. Instead of purchasing a new tent for each store opening, TentCraft holds tents after use and then ships them to the next new store.

Programs like this and the fact that its tents last so long means that those companies or customers won’t buy as many tents from TentCraft.

“But (our customers) make our best sellers,” Yauk said.

On the east side of Traverse City, the new headquarters of the Grand Traverse Regional Land Conservancy (GTRLC) will be equipped with many green features, including high-efficiency insulation, a geothermal system to heat and cool the buildings, and smart electrical panels that reduce the load when the buildings are not in use.

Other innovations include collecting runoff from the roof, filtering it, and then using it to flush toilets and irrigate native landscaping and the on-site greenhouse. The solar panels on the ground are sized to completely compensate for the expected energy consumption. As an added benefit, the panels will provide protection from the elements for the small herd of goats that will inhabit the land when not in other reserves managing invasive species.

David Foote, GTRLC’s facilities manager, hopes the many upgrades to the Conservation Center will offset both energy consumption and costs. The goal is to achieve net zero energy expenditure, he said.

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Cow dung for the development of electrodes as an energy storage device!

IIT-ISM researchers have derived adsorbents that can help remove heavy metals from cow dung and these can be developed as electrodes for energy storage devices.

The research team led by Brijesh Kumar Mishra, Associate Professor in the Department of Environmental Engineering, assisted by Ganesh Chandra Nayak, Associate Professor in the Department of Chemistry and Dr. Sonalika, Associate Researcher in the Department of Environmental Engineering, worked on the project with the dual goals of ensuring water decontamination as well as energy conservation.

The team is working on developing a cost effective adsorbent derived from cow dung to remove heavy metals from water and the adsorbent can also be used later to develop an energy storage device. The research project which also fulfills the objective of the Swachh Bharat mission’s Gobardhan framework to help villages effectively manage their livestock and biodegradable waste, is also in line with the objectives of the central government’s Swajal program to provide food clean and safe drinking water. to the rural population.

“Cow dung is made up of several types of minerals such as phosphorus, nitrogen and carbon, which mainly come from lignin, cellulose and hemicellulose,” Professor Mishra said.

Giving the use of the adsorbent derived from cow dung for the development of electrodes as an energy storage device, Mishra said: “These energy storage devices, developed from waste material, would be very inexpensive and can be integrated with solar panels in rural areas, which can be used to light homes, roads, public toilets, etc. These devices are said to be affordable, durable and cleaner with no impact on the environment , did he declare.

Mishra said the importance of adsorbent derived from cow dung in countries such as India, Bangladesh and Malaysia which focus on agriculture and cattle breeding, cow dung is a viable option for generating energy storage devices, as each bovine generates approximately 9-15 kg of cow dung. per day.

With a 1-year CAGR of 990%, this multibagger stock will soon become ex-bonus

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EKI Energy Services is a large capitalization company that operates in the commercial services sector, with a market capitalization of 20,622 cr. Globally, the organization offers solutions for climate change, carbon credits and sustainability. The organization provides environmentally friendly services such as carbon offset standards, carbon offset, renewable energy attributes, carbon footprint and neutrality with the aim of creating a low carbon economy in the world.

The company approved the issuance of bonus shares in a 3:1 ratio, meaning that for every share held, three additional shares would be issued. To that end, the company has set July 5, 2022 as the record date, and the stock will trade ex-bonus on July 4, 2022 or the following Monday of the coming week. The total number of securities offered for issuance is 2,06,22,000 free shares for a total of approximately Rs. 20,62,20,000.

According to the details of the share capital, the pre-bonus issue is Rs. 6,87,40,000, while the post-bonus issue stands at Rs. 27,49,60,000. According to details in the company’s exchange filing, the company expects to credit or release the free shares no later than July 12, 2022 to shareholders.

The stock climbed 3.50% from its previous close of 7240.70 and settled at 7494.30 Friday on BSE. The stock has grown significantly over the past year, from 688.25 on July 2, 2021 at the current level, which represents a multibagger yield of 989.72% or an approximate CAGR of 990%. Year-to-date (YTD), the stock has fallen 28.06% so far in 2022, and over the past month it is down 0.52%. The stock has climbed 12.44% over the past five trading sessions, and over the past two days it has jumped 4.1%.

The BSE-listed stock hit a 52-week high of 12,599.95 on Jan 24, 2022 and a 52 week low of 688.25 on July 2, 2021. At the current level, the stock is trading 40.52% below its 52-week high and 988% higher than its 52-week low. The stock is trading above the 5-day, 20-day and 200-day moving averages, but below the 50-day and 100-day moving averages based on the current price. The developer’s stake in the company has remained stable at 73.47% since June 2021, and the public stake is low at 15.30% in March 2022 compared to the quarter that ended in December 2021.

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CVR ENERGY INC: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)

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Item 1.01. Conclusion of a significant definitive agreement.

Insight

On June 30, 2022certain subsidiaries of CVR Energy, Inc. (“Company”), Refining CVR, LP, CVR Refining, LLCWynnewood Energy Company, LLC, Wynnewood Refining Company, LLC, Coffeyville Resource TerminalLLC, Coffeyville Resources Refining and Marketing, LLC, Coffeyville Resources Pipeline, LLC,
Coffeyville Resources Crude Transportation, LLC and CVR Renewables, LLC
(collectively, the “Credit Parties”) have entered into Amendment No. 3 to the Amended and Restated ABL Credit Agreement (the “Amendment”) with a group of lenders and
Wells Fargo Bank, National Association (the “Agent”), as administrative agent and collateral agent. The Amendment amends certain provisions of the Amended and Restated ABL Credit Agreement, dated December 20, 2012as heretofore amended, by and among the Agent, the lender group parties thereto and the Credit Parties parties thereto (as amended by the Amendment, the “Amended ABL Credit Facility and update”), which was also due to expire in November 2022.

The Amended and Restated ABL Credit Facility is a senior asset-based secured revolving credit facility in an aggregate principal amount of up to $275 million
with an incremental facility, which allows an increase in borrowing up to
$125 million all subject to additional covenants by the lender and certain other conditions. Loan proceeds may be used for capital expenditures, working capital and general business purposes of the creditor parties and their affiliates. The Amended and Restated ABL Credit Facility provides for loans and letters of credit in an amount up to aggregate availability under the facility, subject to satisfaction of certain basic borrowing conditions, with sub- limits of $30 million for swingline loans and $60 million
(Where $100 million if increased by the Agent) for letters of credit. Under the Amended and Restated ABL Credit Facility, the Borrowing Base is at all times equal to the sum of (without duplication):

• 85% of eligible low-quality obligor accounts and 90% of eligible high-quality obligor accounts, plus

• 95% of accounts in support of which an irrevocable standby letter of credit has been provided to the agent, plus

• 85% of eligible unbilled accounts, plus

• 80% of Qualifying Refinery Hydrocarbon Inventory and Qualifying Renewable Oil Inventory (subject, in the case of Qualifying Refinery Hydrocarbon Inventory, to an increase of the lesser of (i) 5% of qualifying refinery hydrocarbon inventory and (ii) $10 million based on a fixed charge coverage ratio test), plus

• the lesser of (i) 85% of the value, at the lower of cost or market, of the inventories of eligible renewable raw materials, and (ii) 85% of the book value of the inventories of eligible renewable raw materials, plus

• the lesser of (i) 70% of the eligible renewable identification numbers and (ii) the lesser of (A) 5% of the borrowing base and (B) $15,000,000more

• the lesser of (i) 80% of the positive balance of the qualifying exchange agreement and (ii) $10 millionmore

• 80% of eligible crude oil in transit and eligible renewable raw materials in transit, plus

• 100% of the value of standby letters of credit paid but not due, less

•the total amount of the reserves then constituted.

All borrowings under the Amended and Restated ABL Credit Facility are subject to satisfaction of customary conditions, including freedom from default and accuracy of representations and warranties.

Interest Rates and Fees

At the option of the borrowers, loans under the Amended and Restated ABL Credit Facility initially bear interest at an annual rate equal, at all times, to (i) the Prime Rate (i.e. the highest federal funds rate plus 0.50%, a one-month SOFR plus 1.00% and the prime rate published by the Agent from time to time), or (ii) forward SOFR.

Borrowers must also pay a commitment fee on undrawn commitments to lenders under the Amended and Restated ABL Credit Facility equal to (I) 0.375% per annum for the first full calendar quarter after the closing date and (II) thereafter, (i) 0.375% per annum if drawdown under the Facility is less than 50% of total commitments and (ii) 0.25% per annum if drawdown under the facility is equal to or greater than 50% of total commitments. Borrowers must also pay customary letter of credit fees equal, for stand-by letters of credit, to the applicable margin on SOFR loans on the maximum amount available to be drawn thereunder and, for letters of commercial credit, at the applicable margin on SOFR loans less 0.50% on the

————————————————– ——————————

maximum amount that can be drawn under this contract and customary hedging fees equal to 0.125% of the nominal amount of each commercial letter of credit.

Mandatory and Voluntary Refunds

The creditor parties are obligated to repay amounts outstanding under the Amended and Restated ABL Credit Facility in specified circumstances, including with proceeds from certain asset sales. In addition, the Crediting Parties are authorized to voluntarily prepay amounts outstanding under the Amended and Restated ABL Credit Facility at any time.

Amortization and final maturity

There is no scheduled amortization under the Amended and Restated ABL Credit Facility. All loans outstanding under the facility are due and repayable in full on June 30, 2027.

Warranties and Security

Obligations under the Amended and Restated ABL Credit Facility and related guarantees are secured by a first ranking lien on the inventories, accounts receivable and related assets of the creditor parties, in each case subject to customary exceptions. .

Restrictive Covenants and Other Matters

The Amended and Restated ABL Credit Facility requires the credit parties, in certain circumstances, to comply with a minimum fixed charge coverage ratio test, and contains other customary covenants that limit the ability of the parties to credit and capacity of their subsidiaries, among other things, incur liens, engage in consolidation, merger and purchase or sale of assets, pay dividends, incur debts, make advances, investments and loans, conclude affiliate transactions, issue equity interests or establish subsidiaries and subsidiaries without restriction. In addition, the Amended and Restated ABL Credit Facility includes a mechanism whereby certain newly formed subsidiaries of the Company will be joined as creditor parties to the Amended and Restated ABL Credit Facility and to permit the transfer of certain assets as part of the previously announced corporate restructuring initiative, under which the Company intends, among other actions, to separate its renewable energy business.

The Amended and Restated ABL Credit Facility also contains certain customary representations and warranties, affirmative covenants and events of default.

The description of the Amendment, including the amended and restated ABL Credit Facility, is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein. by reference.

Additional act

On July 1, 2022in connection with the Amendment and the Amended and Restated ABL Credit Facility, fourteen newly created indirect subsidiaries of the Company (the “Entrant Subsidiaries”) that were not previously parties to this Indenture as of January 27, 2020among the Company, the subsidiary guarantors listed therein, and Wells Fargo Bank, National Association, as trustee (the “Trustee”), providing for the issuance of 5.25% Senior Notes due 2025 (the “2025 Notes”) and 5.75% Senior Notes due 2028 (with the 2025 Bonds, the “Bonds”), executed and delivered a supplemental trust indenture to the Trustee pursuant to which the Entering Subsidiaries unconditionally guaranteed all of the Company’s obligations under the Notes on the terms and conditions set forth in the Guarantee Notes and the Trust Deed. The description of the Supplemental Indenture is qualified in its entirety by reference to the full text of the document, which is attached hereto as Exhibit 4.1 and incorporated herein by reference.

This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including with respect to the Company’s plans for its renewable energy businesses. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the control of the Company.

Section 2.03. Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant.

The information presented in section 1.01 of this report is incorporated by reference in this section 2.03.

————————————————– ——————————

Section 9.01. Financial statements and supporting documents.

(d) Exhibits

The following exhibits are being "furnished" as part of this Current Report on
Form 8-K:

   Exhibit     Exhibit Description
    Number

     4.1         Supplemental Indenture, dated as of Ju    ly 1    , 2022, among     CVR Energy,
               Inc., the     guarantors     party thereto    ,     and Wells Fargo Bank,
               National Association, as Trustee.
    10.1+        Amendment No. 3 to Amended and Restated ABL Credit Agreement dated June 30,
               2022, by and among CVR Refining, LP and certain of its subsidiaries,     Wells
               Fargo Bank, National Association, as administrative agent and collateral agent
               and the group of lenders from time to time party thereto    .
     104       Cover Page Interactive Data File (the cover page XBRL tags are embedded within
               the Inline XBRL document).



+ Appendices and exhibits have been omitted in accordance with SK Rule 601(a)(5). The declarant undertakes to provide in addition a copy of the annexes and the omitted documents to the SECOND on demand.

————————————————– ——————————

© Edgar Online, source Previews

Opinion: How can California achieve carbon neutrality by 2045? SDG&E interviewed leading climate experts.

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From Llanos is vice president of energy supply and sustainability for SDG&E. She is a board member of the California Coalition for Clean Air and the California Environmental Voters Education Fund. She lives in San Diego.

A just and equitable energy transition aligned with California and local climate goals is not just about achieving a clean energy future as quickly as possible. It also requires prioritizing customers, energy affordability, and grid reliability.

This vision led San Diego Gas & Electric’s year-long study to identify an optimal path to decarbonize our economy by 2045 and meet California’s aggressive climate goals. For “The Path to Net Zero: A Decarbonization Roadmap for California,” SDG&E asked climate experts, including UC San Diego professor David Victor, to conduct a rigorous analysis of what is needed to enable the transition. towards clean energy.

The SDG&E study does more than propose the construction of new infrastructure. It takes a close look at the complex challenge of decarbonizing California’s economy by 2045 and offers a roadmap for success. There is a lot of work to do, and one thing is clear: our future depends on unprecedented collaboration.

The study highlights the role of consumers, who need to be able to access energy efficiency and conservation programs and embrace new technologies like electric vehicles, rooftop solar and battery storage. Consumer choices and behavior, such as when electric vehicles are charged, will shape infrastructure needs.

The study confirms that transforming transport and buildings to run on energy produced from renewable resources such as solar and wind power is fundamental to achieving carbon neutrality. For example, the share of residential and commercial electrified water heating must reach at least 96% within the next two decades. That’s why SDG&E supports local governments that choose to adopt policies requiring most new buildings to use electricity only. Electrification of new buildings now avoids costly renovations in the future.

Further electrification will naturally require much more electricity and a more robust grid. According to our study, power generation capacity would need to be increased to about four times that of 2020 to meet the anticipated demand from electric vehicles and buildings. As businesses and families rely more on electricity to meet their energy needs, it is imperative to build a state-of-the-art, reliable and climate-resilient grid.

The amount of renewable energy required in California to achieve carbon neutrality by 2045 is staggering. Our study indicates that beginning in 2023, the average amount of solar power installed each year in the state must increase by 700% from the current rate of deployment. Likewise, battery storage, wind power and other clean technologies essential to a reliable and clean grid are also set to grow exponentially over the coming decades. We are committed to working with renewable energy developers, community choice aggregators like San Diego Community Power, and municipal partners to achieve these goals.

Our study also confirms that carbon neutrality and grid reliability cannot happen with renewables and batteries alone. Clean fuels like green hydrogen will be needed for some hard-to-electrify sectors of the economy, like heavy trucking and some industrial processes. SDG&E has launched innovative green hydrogen pilot projects to learn how to take advantage of this zero-emission technology to replace natural gas in power plants, pipelines and to fuel fleet vehicles.

The roadmap for decarbonizing the California economy informs regional strategies. In San Diego, transportation remains the biggest source of emissions, which is why putting more zero-emission cars and trucks on our roads is already a regional priority.

Transitioning existing buildings from natural gas to electricity requires similar collaboration and thoughtful planning. As the transition to electrification is a decades-long process, investing in the security of the gas system must remain a priority. We also need to make sure that the thousands of highly skilled union men and women who work on the gas network are protected. Frankly, we see huge opportunities for this essential workforce as hydrogen and other clean fuels are developed as part of an overall clean energy system.

Finally, decarbonization must be done with affordability in mind. Programs, incentives and policies – including energy rate reform to ensure the transition to clean energy is affordable – need to be developed to help 900,000 SDG&E gas customers start switching to electric appliances. We see broad alignment here with climate-focused organizations that reflexively criticize anything SDG&E offers, even when we broadly share similar climate change goals and outcomes.

We know we don’t have all the answers and we can’t do it alone. We believe we are stronger together. Our 4,600 employees, who also live and work there, stand ready to accelerate the transition to clean energy. This is an open invitation to collaborate on ideas and plans, to push to electrify buildings and transportation through alliances with local governments, customers, community organizations and workers. Only by working together can we build momentum towards decarbonizing the entire economy by 2045 – a safer, stronger and healthier future.

Hundley: Apex Clean Energy must update environmental impact data | Columnists

Melissa Hundley

I have spent most of my life exploring, nurturing and loving my family’s 855 acres of forests and fields and the 3 miles of perennial waterways adjacent to the proposed Rocky Forge Wind Farm site in the county of Botetourt.

My parents were determined to keep some forest land in Virginia, and so the land is in a conservation easement. The proposed location for the turbines is wildlife habitat for countless species, but my biggest concerns are the known impacts on birds and bats and threatened aquatic species from soil erosion and sedimentation of the yard of water.

I am lucky to know what clean streams look like. It’s a privilege but it shouldn’t be. I know that if construction starts on the Rocky Forge site, due to ground disturbance, it will cause soil erosion and sedimentation of streams into streams when it rains. Everyone knows this, but the decision makers in this process have not assessed and disclosed the impacts.

Common sense tells me that as the proposed turbines increase in size, the impacts change. It has been at least eight years since wildlife information to assess impacts has been collected.

People also read…

Eight years is a long time during which life on land and water is being impacted at an unprecedented rate and scale. Climate change is rapidly impacting our environment.

Wildlife studies eight or more years ago are useless in describing current conditions. The proposed turbine site is within the southernmost breeding territory of the golden eagle. Golden eagles fly from Canada to the mountains of Virginia every year, particularly the mountain proposed for turbine development.

There is an Indiana bat cave less than five miles from the turbine site and Apex has not updated any information on endangered species also threatened by a widespread fungal disease specifically since this project was proposed for the first time. The natural world is not static, it is changing faster than ever due to increasing threats to habitat. Nevertheless, the Commonwealth of Virginia is about to shamelessly authorize a project for which it has no idea of ​​the actual impacts, even though the Department of Environmental Quality is required to both know what the impacts and to disclose the impacts to the public. . The underlying data here is not meaningful because it is old. Mitigation in the form of reduced turbine operation means nothing without an accurate baseline of population conditions. Knowledge of the effectiveness of the reduction itself has not been demonstrated.

The American Bird Conservancy (ABC) submitted a comment letter on June 24, which forwarded its previous letters dated August 10, 2020 and December 21, 2021. Among other things, the ABC advocates for current data on the eagle, providing the scientific and legal information to support their position. The U.S. Fish and Wildlife Service also weighed in with an email communication on June 3, 2021, from Thomas W. Wittig, Eagle coordinator of the agency’s North Atlantic-Appalachia region, to Jennie Geiger, senior environmental permitting officer. at Apex. In February 2021, Geiger had informed Mr Wittig that “no changes have been made to the BBCS [Bird and Bat Conservation Strategy] document that was approved in 2016. On June 3, 2021, Mr. Wittig directly challenged Apex’s 2016 assertion that no further study of eagles was “warranted or permitted recommended” because so much had changed. in five years. After listing the important factors that influence the agency’s assessment of the risk to eagles, Wittig firmly states: “In the context of current management and science, I don’t think the BBCS provides enough evidence to argue that the project has a low risk of taking eagles.” Not enough relevant information.

Wind turbines must be equipped with state-of-the-art fire detection and extinguishing equipment. The danger and threat of wildfires is frightening knowing that industrial turbines can ignite a fire at any time, but the effects of climate change on wildfire danger have not been considered. Have we not advanced beyond the industrialization of mountaintop habitats and the pollution of water resources that results from it, especially for the production of marginal energy at such a high cost that the Commonwealth has actually bailed out this mess by agreeing to buy power that no one else except Virginia taxpayers would pay for?

If building 50- and 60-story industrial machinery on top of 3,000+ foot mountains in Virginia was such a great idea, it would already be done.

Hundley Lives in Clifton To forge.

RESNET Releases 2022 Statistical Summary “Trends in HERS® Rated Homes”

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RESNET HERS index logo

RESNET HERS Index

Trends in 2022 HERS Listed Homes

OCEANSIDE, CA, USA, June 30, 2022 /EINPresswire.com/ — Each year, more than one-fifth of all new homes built in the United States are rated for energy efficiency using the Home Energy Services Network (RENET) Home Energy Rating System (HERS®) Indexes.

Developed by the Residential Energy Services Network, or RESNET, a HERS Index The score is only available through certified RESNET energy assessors. Based on several variables that affect a home’s energy efficiency, including exterior walls, attic, windows and doors, heating and cooling systems, ductwork, water heating systems, lighting and appliances, the HERS Index score tells homeowners and potential buyers how their home compares to other similar homes in terms of energy consumption.

Each year, RESNET reviews trends in all homes that have received a HERS rating. RESNET has published its statistical summary of homes that were rated HERS in 2021, in “TRENDS IN HERS Rated Homes – A 2022 Statistical Summary”.

The report first looks at overall national trends in the number of HERS ratings and average index scores. Next, the report covers state-level trends, including the total number of HERS ratings in each state and the percentage of new homes that received an HERS rating. Following state-level data, the report examines trends in HERS ratings across cities, including the top 25 cities for single-family and multi-family ratings.

The rest of the report focuses on individual trends across the HERS ratings, including a breakdown of the basic characteristics of rated homes and individual building components. A variety of building envelope components are covered as well as air leakage rates, equipment efficiency and solar energy usage on HERS-rated homes.

In 2021, HERS assessors assessed over 313,000 homes. This represents a 4% increase over the number of ratings in 2020 and marks the ninth consecutive year-over-year increase in HERS ratings. The average HERS index in 2021 was 58, representing a 42% improvement in efficiency compared to a home built in 2006. Since 2013, the average HERS index score has decreased by five points. Seventy-six percent of all homes appraised last year were single and two-family dwellings and 24 percent were multi-family units.

As a national aggregate, the average HERS-rated single-family home had the following basic characteristics in 2021:
• HERS index score: 58
• Number of bedrooms: 3.7
• Air-conditioned floor area: 2,703 ft2
• Annual energy cost: $1,630
• Annual energy savings: $795

The average multi-family dwelling had these basic characteristics in 2021:
• HERS index score: 58
• Number of bedrooms: 2.2
• Air-conditioned floor area: 1,385 sq.ft.
• Annual energy cost: $1,058
• Annual energy savings: $503

The report was compiled by Ryan Meres, Director of RESNET Programs, on behalf of the RESNET Provider Advisory Committee.

To download the report click on 2022 Trends in HERS-Rated Homes

Valerie Briggs
RENET
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Imperial Oil and ExxonMobil Canada sell Alberta energy assets for $1.7 billion

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Imperial Oil Ltd. IMO-T and ExxonMobil Canada XOM-N are divesting major co-owned shale oil and gas assets in the Montney and Duvernay areas of northwestern Alberta by selling them to Whitecap Resources Inc., based in Calgary. WCP-T for $1.7-billion.

Whitecap announced the acquisition of XTO Energy Canada on Tuesday evening. During an investor call Wednesday, executives said the move would add more than 2,000 drill slots and 600,000 acres of drilling rights to Whitecap’s portfolio, providing more than two decades of production inventory.

Net production from the assets is approximately 140 million cubic feet of natural gas per day, as well as approximately 9,000 barrels of crude oil, condensates and natural gas liquids.

The purchase of Whitecap expands the assets it already owns in the greater Kakwa region of Alberta and marks the company’s entry into the liquids-rich Duvernay area.

“This is truly a transformational acquisition for Whitecap,” company president and CEO Grant Fagerheim said on the call Wednesday.

“We have been pursuing a portion of these assets for some time now, and getting our hands on all of the assets significantly improves the sustainability and profitability of Whitecap Resources.”

With Russia’s invasion of Ukraine fueling global supply concerns, soaring commodity prices have driven up the value of oil and gas properties in North America.

Exxon and Imperial began marketing the assets earlier this year, hoping to capitalize on a rebound in oil and gas prices.

The price of West Texas Intermediate crude, an oil benchmark, was north of US$109 a barrel on Wednesday, up more than 43% year-to-date.

Although shares of Whitecap closed at $9.12 on the TSX on Wednesday, down about 6%, a National Bank of Canada research note late Tuesday said buying high-yielding assets and high-impact “provides Whitecap with a sustainable production base that can support continued debt reduction and capital repayment, while improving operational sustainability and efficiency.

“Whitecap continues to lead the conventional oil group in the [Western Canadian Sedimentary Basin] with strategic and sustainable acquisitions, positioning the Company to continue to drive long-term shareholder value creation through a capital return model, supported by a diverse, high-impact and sustainable production base and further compounded with tailwinds thanks to its new energy initiatives,” the note said.

A Bank of Nova Scotia research note said the sale is unlikely to be enough to move the needle for Exxon, but fits well within the company’s announced divestiture plans.

“While the sector is brimming with liquidity thanks to high commodity prices, we expect more asset transactions to take place going forward in the remainder of 2022,” the Scotiabank note said.

The Whitecap purchase also includes a shallow gas processing facility, which Mr. Fagerheim called a strategic purchase for the company, given that the facility can process third-party products.

“Through the acquisition, we continue to demonstrate our commitment to finding ways to improve Whitecap’s long-term sustainability while being mindful of our carbon footprint,” he said.

“Our team is chomping at the bit to take full control of these assets.”

Whitecap’s board also approved a 22% increase in the monthly dividend following the news.

With a Reuters report

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In the face of war and pestilence, clean energy continues to grow

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The remission of Covid-19 has not been great for the energy transition. That’s the title of BP Plc’s latest statistical review of global energy.

But 2021 has been a kind of Newtonian year: an equal but opposite reaction to the pandemic-induced downfall of 2020. And not quite equal either. Although global oil demand rebounded by 5.5 million barrels per day, it remained below its pre-pandemic level. The International Energy Agency doesn’t expect demand to top 2019 until 2023. Coal consumption, meanwhile, topped 2019’s total, but hasn’t quite peaked. history of 2014. Only natural gas has comfortably reached a new record. Yet fossil fuels dominate the world, supplying 82% of primary energy demand.

What they don’t govern, once you eliminate the dip and rollback distortion of the last two years, is growth.

Notice how, in this graph above, wind and solar power consumption has increased substantially. Their rise has been overshadowed by the oil, coal and gas boom, but renewables have not collapsed in 2020; indeed, they accounted for the vast majority of any positive demand growth. The chart below normalizes the experience of the past two years, as well as the financial crisis lash in 2009 and 2010, averaging growth over the period and showing proportions by major energy source .

The impact of the pandemic is immediately evident, with primary energy demand growth at relatively subdued levels, similar to the cyclical lows of 2015, 2008 and 2001. What is also apparent is how the Wind and solar have led growth for the past two years – but also accounted for more than half of marginal growth in 2019, before the pandemic took hold. In addition, wind and solar continue to develop at a sustained pace: 18% last year, whereas they have already multiplied by almost 80 since the beginning of the century. Last year, their combined output exceeded that of nuclear power for the first time ever, and their growth of 4.17 exajoules was greater than their entire output in 2010.

This eats away at the energy share of fossil fuels: they accounted for 85% of the pie in 2017. But it is also moving slowly; it would be madness for renewable energy advocates to brag about a 3 percentage point drop over five years for their main competitor. That’s not the trick to meeting climate goals.

Yet change starts at the margins, as marginal growth tends to capture the attention of investors and CFOs – as we are already seeing in the shift from auto factories to electric vehicle production. While the reversal of falling cleantech costs is a justifiable concern, it’s worth remembering that supply chain disruptions have affected the entire energy sector. As John Ketchum, Managing Director of NextEra Energy Inc., said at the recent Utilities and Renewables Powerhouse Investor Day:

I keep hearing about inflation. What does inflation do to your business? What does windward inflation do? What does solar inflation do? … The real question everyone should be asking is: what does this do to your competitors? Our competition is a new gas unit, an existing gas unit. And with gas prices having tripled, my goodness, renewables are super cheap.

The coal renaissance, such as it is, owes much to the sharp increases in the price of natural gas which, in turn, owe much to the double pressure of Russia invading Ukraine and the reluctance of investors to support another shale boom. The renewed focus on energy security will bolster support for fossil fuels in some markets, but it also provides a powerful argument for seeking alternatives to mitigate the power of armed supplies from Russia.

Look past the disruptions of plague and war, and the underlying trend remains in place: manufactured energy technologies such as wind and solar continue to gain scale efficiencies at the expense of fossil fuels. The message of BP’s latest compendium is not quite that fossil fuels are making a comeback. Rather, the encroachment of renewables continues unabated, but it needs to accelerate.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Liam Denning is a Bloomberg Opinion columnist covering energy and commodities. A former investment banker, he was editor of the Heard on the Street section of the Wall Street Journal and a reporter for the Lex section of the Financial Times.

More stories like this are available at bloomberg.com/opinion

K&B True Value and Solar Energy Systems partner for clean energy

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Rick Peters (l) and Jared Littmann (r) stand in front of new rooftop solar panels that will fully power K&B True Value Hardware

K&B True Value of Annapolis and Solar Energy Services of Millersville have commissioned what they believe to be the first retail business in the city of Annapolis to become net zero on electricity consumption. The 224-panel solar power system, designed and installed by Solar Energy Services, Inc., will replace a 2012 installation that offsets approximately 15 percent of the hardware store’s annual electricity consumption. Deciding to purchase this new system was a relatively easy decision for Jared Littmann, owner of K&B True Value on Forest Drive in Annapolis.

Jared commented, “This solar system will offset our annual electricity usage, saving our business over $18,000 per year. The incentives allow us to recover 64% of the investment in the first year, 100% of the investment in the seventh year, and then a positive cash flow of $269,000 over 25 years. Plus, it reinforces our long-standing focus on environmental stewardship and responsibility. »

Because the company had invested in solar energy 10 years ago, Jared knew the process and already believed in its value. At the time, in 2012, budget and technology limitations prevented K&B True Value from seeking 100% compensation, when Solar Energy Services installed its first system. However, advances in solar technology since then have made it relatively easy for K&B True Value to offset 100% of its energy without even filling the entire roof of the Annapolis store building.

Local leaders cut the ribbon from Solar Energy Services’ new K&B True Value Hardware solar installation.
(L-R) Brian Cahalan, Elvia Thompson Jackie Guild, Councilwoman Lisa Rodvien, Rep. Del. Shaneka Henson, Jared Littmann, Rick Peters, Sen. Sarah Elfreth, Del. Dana Jones, County Executive Steuart Pittman, Mayor Gavin Buckley

Rick Peters, president of Solar Energy Services, said, “Jared had the solar power experience and foresight to plan this investment, but other businesses and nonprofits in the county can do it too, with highly accessible county-sponsored funding through a vehicle called Property Assessed Clean Energy (PACE). This type of project is within reach for many businesses in the region, thanks to advances in solar technology as well as financing mechanisms to help homeowners finance their own solar energy projects.

Liquified Creative Annapolis

Based in Millersville, Solar Energy Services designs and constructs residential and small commercial projects throughout the DMV. Located on the Annapolis Neck peninsula, K&B True Value has been the neighborhood hardware store since 1974.

Today, a groundbreaking ceremony was held to celebrate the commissioning of the new solar generation system. Annapolis Mayor Gavin Buckley, Anne Arundel County Executive Steuart Pittman, Councilwoman Lisa Rodvien, as well as State Senator Sarah Elfreth, and others were in attendance.

Category: Annapolis Gives, Businesses, Events, LIFE IN THE AREA, Local News, NEWS, Post to FB

How are tribological performances improved by doped carbon quantum dots?

In a recent article published in the journal Applied Surface Sciencesresearchers have discussed the usefulness of silver-doped carbon quantum dots as lubricating oil to improve tribological performance at different temperatures.

Study: Silver-doped carbon quantum dots as a lubricating oil additive to improve tribological performance at different temperatures. Image Credit: Tayfun Ruzgar/Shutterstock.com

Background

One of the main concerns of the scientific community is the conservation of energy. An important tactic for saving energy is optimizing and improving tribological processes, such as reducing friction and wear. The best method currently available to reduce friction and wear, extend the useful life of mechanical systems and reduce production costs is the use of lubricants. Nano-additives can successfully protect the friction pair from severe wear. Carbon quantum dots (CQDs) have created a whole new class of carbon nanomaterials and are growing in popularity.

As a tactic, metals and metal oxides are frequently used to improve the mechanical and thermal properties of composite lubricants. The Ag component has been shown to be a promising functional choice for anti-wear and lubricating effects among various metallic components. The thermal and lubricating properties of CQDs can be improved by doping a silver component. Ionic liquids (IL) exhibit a wide range of beneficial physiochemical traits. ILs have recently been accepted as a stabilizer and carrier for the synthesis and modification of carbon-based nanomaterials.

As an effective, environmentally friendly and dispersion-promoting nano-additive, IL-modified functional CQDs show great promise.

About the study

In this study, the authors used a simple hydrothermal approach to create silver-doped CQDs (Ag-CQDs). The dispersion stability of Ag-CQD additive in poly alpha olefin (PAO) was improved by combining ultrasonic vibrations with IL. Using four-ball tests and an alternative ball-on-disk configuration, the tribological performance of CQDs and Ag-CQDs as additives was evaluated over a wide temperature range.

The team developed the first functional Ag-CQD chemical as an oil additive from ethylenediamine, critical acid and silver acetate using a simple hydrothermal synthesis process. The produced Ag-CQDs additive achieved higher dispersion stability in PAO base oil by using 1-octyl-3-methylimidazolium hexafluorophosphate and ultrasonic treatment. To minimize wear and friction in various friction situations, Ag-CQD oil suspensions were applied to metal/metal or ceramic/metal tribo-pairs.

The researchers determined the structure, chemical composition and morphology of the Ag-CQD compound as well as the states of the worn surface through friction tests and various characterizations. Based on the characterization analysis and friction test results, a plausible hypothesis for the lubricating mechanism of Ag-CQD addition was made.

Comments

The characteristic Raman peaks for the worn surface which was lubricated by PAO with the additive CQDs/IL appeared at approximately 1322 cm-1 and 1587 cm-1. Iron oxides could be responsible for the Fe2p signal that appeared at 711.3 eV. At 476.4 eV, the Cr3+ in Cr2O3 was thought to be responsible for the Cr2p-intensive spike. Three chemically shifted peaks at 286.0 eV, 284.5 eV and 288.5 eV were identified in the deconvolved C1s spectra. Three distinct peaks at 530.6, 529.3 and 531.8 eV could be identified in the O1s spectrum.

When the additive concentration was 0.05% by weight, the least temperature variation was visible. At 200°C and 300°C, the PAO oil showed severe wear morphologies with large wear scar diameters. The worn track on the alloy plate had a reduced maximum width and depth. At 25°C and 100°C, respectively, the PAO base oil had a low coefficient of friction (COF) of 0.125 and 0.190.

The base oil had the lowest load carrying capacity of all test samples with a maximum non-seizing load (PB value) of about 490N. The wear scar diameter (WSD) values ​​of CQD and Ag-CQD dispersions decreased by 29.8% and 35.3%, respectively, compared to those of PAO. With COFs of 0.076 and 0.067, respectively, the CQD dispersion and the Ag-CQD dispersion had COFs 34.1% and 42.2% lower than those of the base oil.

The results of the four-ball test showed that the CQD and Ag-CQD additives could successfully reduce the COF of the base oil and the WSD of the lower balls. The Ag-CQD additive could result in a 42.2% reduction in COF and a 35.3% reduction in WSD compared to base oil at a concentration of 0.05% by weight. CQDs and Ag-CQDs additives could greatly reduce friction and wear when the ambient temperature was above 200°C.

Compared to CQDs, Ag-CQDs demonstrated superior lubrication performance. The production of a tribofilm composed of Ag-CQD, carbonates, multicomponent oxides and nitrides as a result of tribochemical reactions has been credited as a lubricating mechanism. This film effectively protected the friction pair and kept friction and wear low.

conclusion

In conclusion, this study elucidated the development of Ag-CQDs compound as a lubricating oil additive using a hydrothermal process. Addition of IL with ultrasonic vibration increased dispersion stability in PAO base oil. CQDs and Ag-CQDs could be fabricated using a simple hydrothermal approach, and under the combination of IL modification and ultrasonic treatment, the prepared particles having a narrow size distribution were well distributed in the PAO.

In a four-ball test, the lubricating capabilities of PAO oil could be significantly improved by the additions of Ag-CQD and CQD. Ag-CQD and CQD additives can reach the damaged area to achieve repair during rubbing due to their ultra-small sizes.

Due to the addition of the Ag component, which improved the carrying capacity of the lubricants, the Ag-CQDs additive outperformed the CQDs additive in reducing friction. At relatively low temperatures in the reciprocal slip configuration, the COFs of the CQD and Ag-CQD dispersions were slightly lower than those of the base oil. Compared to CQD dispersion and base oil, Ag-CQD dispersion showed lower COFs and lower wear volume as temperature increased.

Source

Wang, J., Li, X., Deng, Y., et al. Silver-doped carbon quantum dots as a lubricating oil additive to improve tribological performance at different temperatures. Applied Surface Sciences 154029 (2022). https://www.sciencedirect.com/science/article/abs/pii/S0169433222015690

Disclaimer: The views expressed here are those of the author expressed privately and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork, the owner and operator of this website. This disclaimer forms part of the terms of use of this website.

Head-to-head analysis: Algonquin Power & Utilities (NYSE: AQN) and NRG Energy (NYSE: NRG)

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Algonquin Power & Utilities (NYSE: AQNGet a rating) and NRG Energy (NYSE: NRGGet a rating) are both mid-cap utilities, but which is the better investment? We’ll compare the two companies based on their risk strength, valuation, profitability, analyst recommendations, dividends, earnings, and institutional ownership.

Analyst Recommendations

This is a summary of current ratings and price targets for Algonquin Power & Utilities and NRG Energy, as reported by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Algonquin Power & Utilities 0 6 3 0 2.33
NRG Energy 1 2 1 0 2.00

Algonquin Power & Utilities currently has a consensus price target of $16.31, indicating a potential upside of 17.10%. NRG Energy has a consensus price target of $43.50, indicating a potential upside of 12.67%. Given Algonquin Power & Utilities’ higher consensus rating and higher likely upside potential, research analysts clearly believe Algonquin Power & Utilities is more favorable than NRG Energy.

Dividends

Algonquin Power & Utilities pays an annual dividend of $0.68 per share and has a dividend yield of 4.9%. NRG Energy pays an annual dividend of $1.40 per share and has a dividend yield of 3.6%. Algonquin Power & Utilities pays 133.3% of its earnings as dividends, suggesting it may not have enough earnings to cover its dividend payment in the future. NRG Energy pays 8.5% of its profits as a dividend. Algonquin Power & Utilities has increased its dividend for 12 consecutive years and NRG Energy has increased its dividend for 3 consecutive years. Algonquin Power & Utilities is clearly the best dividend stock, given its higher yield and longer history of dividend growth.

Valuation and benefits

This chart compares revenue, earnings per share (EPS), and valuation of Algonquin Power & Utilities and NRG Energy.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Algonquin Power & Utilities $2.29 billion 4.11 $264.86 million $0.51 27.31
NRG Energy $26.99 billion 0.34 $2.19 billion $16.43 2.35

NRG Energy has higher revenues and profits than Algonquin Power & Utilities. NRG Energy trades at a lower price-to-earnings ratio than Algonquin Power & Utilities, indicating that it is currently the more affordable of the two stocks.

Institutional and insider ownership

45.3% of Algonquin Power & Utilities shares are held by institutional investors. By comparison, 97.4% of NRG Energy’s shares are held by institutional investors. 0.8% of NRG Energy shares are held by insiders. Strong institutional ownership indicates that large fund managers, hedge funds, and endowments believe a stock is poised for long-term growth.

Profitability

This table compares the net margins, return on equity and return on assets of Algonquin Power & Utilities and NRG Energy.

Net margins Return on equity return on assets
Algonquin Power & Utilities 14.33% 6.88% 2.76%
NRG Energy 14.95% 45.51% 6.79%

Risk and Volatility

Algonquin Power & Utilities has a beta of 0.43, which means its stock price is 57% less volatile than the S&P 500. In comparison, NRG Energy has a beta of 0.89, which means its stock price is 11% less volatile than the S&P 500.

Summary

NRG Energy beats Algonquin Power & Utilities on 10 out of 17 factors compared between the two stocks.

Algonquin Power & Utilities Company Profile (Get a rating)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and unregulated generation, distribution and transmission assets in Canada, the United States, Chile and Bermuda. It produces and sells electrical energy through renewable and clean energy generation facilities. The company also owns and operates hydroelectric, wind, solar and thermal facilities with a generating capacity of approximately 2.3 gigawatts; and regulated electricity, natural gas, water distribution and sewage collection systems. As of December 31, 2021, it serves approximately 307,000 electrical connections; 373,000 natural gas connections; and 413,000 regulated water supply and wastewater collection systems. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

NRG Energy Company Profile (Get a rating)

NRG Energy, Inc., together with its subsidiaries, operates as an integrated electric utility in the United States. It operates across Texas, East and West. The company is involved in the generation, sale and delivery of electricity and related products and services to approximately 6 million residential, commercial, industrial and wholesale customers. It generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage. The Company also provides system power, distributed generation, renewables, backup generation, storage and distributed solar, demand response, energy efficiency and consulting services, as well as specialized and carbon management; and on-site energy solutions. In addition, it trades in electricity, natural gas and related products; environmental products; meteorological products; and financial products, including futures, futures, options and swaps. In addition, the company purchases fuels; provides transportation services; and directly sells energy, services and products and services to retail customers under NRG, Reliant, Direct Energy, Green Mountain Energy, Stream and XOOM Energy. As of December 31, 2021, it owns and leases a power generation portfolio with a capacity of approximately 18,000 megawatts at 25 plants. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.



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Traditional energy dominates in 2022. What does this mean for ESG?

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The economic headwinds that have dogged the market this year are testing the resolve of investors who have shunned exposure to traditional carbon-intensive energies amid the recent surge in ESG.

Companies with tough energy exclusion policies have yet to capitulate, according to a survey of institutional investors by Alliance Bernstein earlier this month. But about a third of investors who maintained minimal exposure to energy added to the weight of the sector in their portfolio, a doubling from the 15% who added energy assets when the company polled them in March.

After stronger-than-expected inflation sent markets tumbling on June 10 and 13, energy is now the only S&P sector to post a positive return in 2022. It also outperforms all other sectors with a 53% gain since the beginning of the year.

The effects are clear among major ETFs in traditional and renewable energy. The four largest traditional energy ETFs are all positive for the year, with funds trailing large-cap energy stocks up more than 50% and ETFs focused on energy infrastructure Algerian MLP ETF (AMLP) up nearly 18%.

Renewables have been caught up in the broader market slowdown, with the sector’s four largest ETFs down between 4.4% and 28.7% year-to-date on Friday.

Funds that track the traditional energy sector can track much of their outperformance this year until Feb. 24, when Russia began its latest invasion of Ukraine and caused widespread restrictions on oil and gas. of western countries. Even if Russia were to withdraw its offensive immediately, the damage to the country’s reputation would likely mean that Russian oil would not be welcome in Western countries anytime soon.

The basket of the four largest traditional energy ETFs that track fossil fuel stocks lost $88.15 million net on Thursday after a series of profit-taking, while funds that track companies involved in solar power generation , wind and other forms of renewable energy lost a total of $776 million.

Conversation with customers

The sector’s outperformance amid market chaos this year has prompted advisors to consider adding more client assets to energy this year, especially since the Russian invasion and subsequent oil disruption. The result had repercussions on the markets by increasing the inflationary effects at all levels.

“I think that makes the decision whether or not to exclude legacy energy a bit more difficult for some investors and advisors,” said Paul Baiocchi, chief ETF strategist at SS&C ALPS. “I think there is real anecdotal evidence that counselors are struggling with this.”

For Massachusetts willowa $150 million consultancy boutique that is needed to create public good benefits as part of its designation as a B-Corp, conversations about how much energy exposure a client wants is a matter of setting expectations.

Willow Managing Director Paul Farella estimated that 10% to 15% of Willow customers have a hard screen against any exposure to traditional energy, with another large portion of customers who “would rather not” be in this sector but are willing to compromise for better returns.

Farella said clients who decide not to take energy exposure do so knowing that their returns will be affected by the current market cycle and macroeconomic environment. Customers who are open to energy exposure rely on Willow’s assessments of a specific company’s commitment to transitioning to a zero-carbon future.

The shift to a fully electrified economy will take several years at a minimum, as building or upgrading electricity grids and transportation infrastructure to not be based on the internal combustion engine only in the United States will require large sums of money. money, manpower and herculean resources. .

The aim is to determine which oil and gas companies are so-called “ESG improvers”, or companies that currently would not score well on climate and social impact metrics, but are taking important steps to improve.

Willow also votes her shares in energy companies in favor of social and environmental initiatives, though Farella admits the company’s voting power among oil and gas companies is minimal.

The particularly difficult set of circumstances surrounding the global economy and the fate of the climate could lead to rethinking the mechanism of action of ESG. The common method among ETFs, including the largest funds traded today, is to remove companies that do not meet specific thresholds in ESG ranking lists, or that derive part of their income from ESG taboos like carbon mining, firearms or tobacco production.

Farella argues that the reality of the markets may allow ESG-conscious investors to have some exposure to traditional energy not only to generate returns in the current cycle, but also to put some pressure on energy companies to decarbonization.

“We’ve never been fans of surrender moves because you’re basically giving up your seat at the table, you’re giving up your voice by doing that,” he said. “So by staying in these businesses, we can at least try to push that needle a little bit, and at the same time accept the reality that oil and gas is what makes the world go round right now.”

The long game

While the rush to secure enough traditional energy sources around the world has proven to be a strong performance base this year, it may not spell the end of the energy transition’s long-term investment opportunities. .

Dave Nadig, financial futurist at VettaFi, said ESG should not be seen as a bet that fossil fuel prices will fall, but that the global economy will restructure in the coming years away from its dependence on fossil fuels. carbon energy.

This transition will be messy, as evidenced by the war in Ukraine, with the resulting fuel price squeeze so strong that President Joe Biden has asked US refiners to increase output despite his campaign promises around climate change.

Still, the semester of soaring gas prices and growing pressure on Biden to stifle inflation won’t undo the advances in renewables Nadig points to within the existing economy, a transition he expects. to last over several market cycles and throughout the world.

“People aren’t going to rip their solar panels off their roofs,” Nadig said.

For more news, insights and strategy, visit the ETF Building Blocks Channel.

PPL Corporation – Rhode Island Energy Announces $2.5 Million Contribution to Support RI Renewable Energy Fund

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Rhode Island Energy announced today that its parent company, PPL Company (NYSE: PPL), contributed $2.5 million to support the Rhode Island Commerce Corporation (TradeRI) Renewable Energy Fund (REF). This donation reinforces the company’s clean energy and decarbonization priorities and will support REF’s funding pool for state grants.

CommerceRI Renewable Energy Fund (REF) helps expand the role of renewables in Rhode Island, providing grants for renewable energy projects that can produce electricity in a cleaner and more sustainable way. These grants also help stimulate job growth in the green technology and energy sectors. The bulk of REF funding comes from the “system benefit charge” on electricity bills and alternative compliance payments received from retail electricity providers. CommerceRI then funds renewable energy projects in small-scale solar, commercial-scale, and community-based renewables.

“PPL’s contribution to the Renewable Energy Fund demonstrates our unwavering commitment to helping Rhode Island achieve its clean energy goals,” said David Bonenberger, Rhode Island Energy President. ‘This is just the beginning. We look forward to partnering with the state on many other initiatives that can help advance our ambitious decarbonization goals and enable more businesses to realize the full potential of renewable energy.

Funding for the contribution came from PPL as part of a settlement agreement the company entered into with the Rhode Island attorney general’s office before finalizing the purchase of Narragansett Electric of United States National Grid. PPL is also committed to providing more $50 million in invoice credits to Rhode Island Energy electricity and gas customers and will seek the approval of Rhode Island regulators to forgive more than $43 million arrears for low-income and protected clients. The company expects to provide an update on these commitments in the coming weeks.

About Rhode Island Energy

Rhode Island Energy provides essential energy services to more than 770,000 customers across Rhode Island by the delivery of electricity or natural gas. Our team is dedicated to helping Rhode Island customers and communities thrive, while supporting the transition to a cleaner energy future. Rhode Island Energy is part of the PPL Company (NYSE: PPL) family of companies tackling energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions.

Contact:

Shelby Matzell

Tel: 401-799-7000

(C) Electronic news edition 2022, source ENP Newswire

SNP urged to scrap £100m plan to develop ‘climate destroying’ fuel source

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Campaigners are demanding a rethink of £100m plans to expand the development of hydrogen as an energy source, as they fear it is inefficient and poses a risk to renewable sources.

SNP ministers say Scotland has the resources, the people and the ambition to become a world leader in hydrogen production.

However, a new report from Friends of the Earth Scotland has found it has low efficiency compared to other renewable sources such as electrification when ‘huge amounts’ of renewable energy are needed to produce it .

About 80% of today’s renewable energy supply would be needed to create just five gigawatts (GW) of green hydrogen.

The report points out that heat pumps are 168 to 342% more efficient than hydrogen boilers. Scientists have also warned that, far from being low-carbon, current hydrogen production is responsible for huge greenhouse gas emissions – around 830 million tonnes of carbon dioxide (CO2) per year. .

Huge costs are also generated by all the additional conversion steps associated with electrolysis, reforming, gasification and storage.

Although it is one of the most common elements in the universe, hydrogen does not naturally exist in an easily usable pure form and must be extracted from fossil fuels, biomass or water.

READ MORE: Scottish energy industry faces challenge of future demand

As an energy carrier, hydrogen is very flexible and can theoretically be used in a wide variety of applications beyond its current industrial uses, including home heating, electricity, aviation and shipping. or fuel for buses and trains.

Blue hydrogen is made from fossil fuels, but carbon dioxide emissions are captured, transported and stored (CCS).

It is most commonly used in the petrochemical and petroleum refining industries.
Green hydrogen is created by separating water from electricity through a process called water electrolysis. Globally, electrolysis accounts for only 2% of hydrogen production.

The Scottish government has set a target of producing 25GW in 2045 – the year it aims to be net zero – and plans to mix blue and green generation.

HeraldScotland:

The report – Hydrogen’s Role in Scotland’s Climate Journey – found that electric vehicles are more than twice as energy efficient as hydrogen fuel cell vehicles, while hydrogen boilers can be 53-68% more expensive than electric heat pumps.

READ MORE: Nicola Sturgeon views nuclear fusion power ‘with an open mind’

Campaigners are calling on the Scottish government to end all new public funding for hydrogen produced from fossil fuels and to prioritize electrification in crucial areas such as heating and transport.

Alex Lee, climate campaigner for Friends of the Earth Scotland, said: ‘The evidence clearly shows that hydrogen is either made from climate-destroying fossil fuels or it becomes a huge drain on renewable energy supplies.

“Whether in heating or transport, supporting hydrogen feels like a losing bet compared to direct electrification through technologies like heat pumps and electric buses.”

A Scottish Government spokesperson said: “Renewable, low-carbon hydrogen will play an increasingly important role in Scotland’s energy transition.

“Our priorities are to introduce as much renewable hydrogen into the energy system as quickly as possible, while supporting the establishment of large-scale low-carbon hydrogen production in the 2020s, linked to the capture and carbon storage.

“The Scottish Government is fully committed to helping the hydrogen sector grow and grow.

“We are investing £100m in renewable hydrogen projects during this parliament and on top of that we have granted £15m through our energy transition fund to support the development of a hydrogen hub in Aberdeen and help the region be at the forefront of the net zero transformation of the energy sector.

Local schools recognized for their sustainability

PRESS RELEASE
SIMCOE COUNTY DISTRICT SCHOOL BOARD
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The Simcoe County District School Board (SCDSB) is committed to modeling sustainable practices and respecting the environment. This school year, the school board and many SCDSB schools were recognized for their educational and operational practices that focus on sustainability and environmental responsibility.

SCDSB schools received 22 EcoSchools Canada certifications for the 2021-2022 school year. The following SCDSB schools have achieved certification:

  • Admiral Collingwood Elementary School
  • Angus Morrison Primary School
  • North Barrie Collegiate Institute
  • Boyne River Public School
  • Codrington Public School
  • Collingwood Collegiate Institute
  • Connaught Public School
  • Hillsdale Elementary School
  • Innisdale High School
  • Lake Simcoe Public School
  • Maple Ridge High School
  • Central Public School of Mines
  • Nantyr Shores High School
  • Orchard Park Public School
  • Orillia High School
  • Pine River Elementary School
  • Simcoe Shores Secondary School – Bradford Campus
  • Simcoe Shores High School – Midland Campus
  • Simcoe Shores High School—North Barrie Campus
  • Simcoe Shores High School—Orillia Campus
  • Sunnybrae Public School
  • Warnica Public School

EcoSchools Canada status is achieved by implementing school environmental initiatives, waste diversion programs, energy conservation programs, stewardship initiatives and school ground greening projects. The certification promotes environmental literacy and action-based learning that students can follow to make their schools more sustainable. The new platform aligns each campaign with the United Nations Sustainable Development Goals, supporting the principles of the SCDSB Sustainability Policy.

The SCDSB was also recently recognized by the Climate Challenge Network as the 11th most energy efficient school board in Ontario in its 2022 Top Energy Performing School Boards report. The SCDSB achieved this ranking by using the 2018 Greenhouse Gas Reduction Funding to implement the SCDSB’s 2014 Energy Conservation and Demand Management Plan, which achieved significant energy savings by reducing energy consumption intensity by 17% board-wide.

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EU cautious on Russia’s gold ban and oil price cap – Michel

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European Council President Charles Michel attends a news conference during a summit of European Union leaders in Brussels, Belgium June 24, 2022. REUTERS/Johanna Geron

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SCHLOSS ELMAU, Germany, June 26 (Reuters) – The European Union on Sunday reacted cautiously to plans by other G7 members to ban imports of Russian gold, and said it needed more certainty before to subscribe to an American initiative aimed at capping the price. Russian oil.

G7 leaders gathered in southern Germany for a three-day summit from Sunday meant to show their united response to Russia’s invasion of Ukraine four months ago.

European Council President Charles Michel has been cautious about a plan by Britain, the United States, Japan and Canada to ban imports of newly mined or refined Russian gold. Read more

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“On gold, we are ready to go into more detail and see if it is possible to target gold in a way that would target the Russian economy and not in a way that would target us. “, said Michel, who chairs the European summits. a press conference upon the arrival of the G7 leaders.

The EU, which plans to ban imports of most Russian oil from the end of the year, also has reservations about US push for a broad oil price cap or a “price exception” to restrict Moscow’s energy revenues.

A price exception could work through a mechanism to restrict or prohibit the insuring or financing of Russian oil shipments above a certain amount. This could prevent ripple effects on low-income countries that are struggling with high food and energy costs.

Michel said G7 leaders would discuss a technical mechanism that would cap oil prices through oil-related services and export insurance.

“I am cautious and careful, we are ready to go into details. We are ready to make a decision with our partners, but we want to make sure that what we decide will have a negative effect (on Russia) and not an effect. negative for ourselves,” Michel said.

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Reporting by Philip Blenkinsop and Thomas Escritt; edited by Matthias Williams and Jane Merriman

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Texas Capital Bancshares, Inc. – GuruFocus.com

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DALLAS, May 16, 2022 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. ( TCBI), the parent company of Texas Capital Bank, today announced the appointment of Thomas E. Long to its Board of Directors, effective immediate. With the appointment of Mr. Long, the board will grow to 12 directors.

Mr. Long is currently Co-Chief Executive Officer of Energy Transfer LP, owner and operator of one of the largest and most diversified portfolios of energy assets in North America. He brings more than three decades of leadership experience in the energy industry to his new role. He previously held executive positions at Regency GP LLC, Matrix Service Company, DCP Midstream Partners and Duke Energy.

“We are delighted to welcome Tom to the Texas Capital Board,” said Larry Helm, Chairman of the Board. “Tom is a seasoned professional with a proven track record in financial leadership and deep experience in the Texas market. We look forward to benefiting from his expertise as we execute our new strategic plan and continue to provide best-in-class financial services and solutions. to our customers and to bring value to our shareholders.

Rob C. Holmes, President and Chief Executive Officer, added, “Building the right Texas Capital Bank team for the business we aspire to be was one of the core strategic tenets of our scale transformation plan. of the business, including adding additional talented individuals to our Board of Directors. Tom’s expertise and knowledge will be invaluable to Texas Capital as we continue to extend our best financial services to our clients and create additional value to build the business for the future.

Mr. Long said, “I am delighted to join Texas Capital’s Board of Directors as the company continues its commitment to becoming the leading financial services firm in Texas. I look forward to working with the entire Texas Capital Board of Directors to continue to build on the company’s 22 years of growth.

In his current role, Mr. Long oversees the company’s leadership and strategic direction in delivering energy safely and responsibly to its customers worldwide. From 2016 to 2020, he held the position of Chief Financial Officer of the Energy Transfer group. Previously, he served as Executive Vice President and Chief Financial Officer of Regency GP LLC and Vice President and Chief Financial Officer of DCP Midstream Partners. Previously, he held progressively senior management positions in subsidiaries of Duke Energy Corp., one of the nation’s largest power companies. He currently serves on the board of directors of Energy Transfer LP and as chairman of USA Compression Partners, LP.

Mr. Long earned his bachelor’s degree in accounting from Lamar University and is a certified public accountant.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc. (TCBI), member of Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. Founded in 1998, the institution is based in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. Capable of serving its customers throughout their life cycle, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities. For more information, please visit www.texascapitalbank.com. FDIC member.

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2 Incredible Energy Companies Nobody Talks About

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The energy sector can be a challenge for investors. Energy prices are notoriously volatile, which impacts the sector’s ability to generate consistent earnings and dividend growth. Many energy companies have had to cut or suspend dividends during tough times to stay afloat.

For this reason, energy companies that have seen steady growth tend to stand out in the industry. However, some high-quality energy stocks continue to fly under most investors’ radar. Two incredibly productive energy companies that few investors talk about are Consolidated Edison (ED 1.77%) and Delek logistics partners (DKL 5.31%).

1. Little known outside his region

Unless you live in New York, you’re probably not very familiar with Consolidated Edison or Con Edison. The utility provides electric and natural gas distribution services to customers in New York and surrounding areas. The company doesn’t get enough credit for its remarkable consistency over the years.

Con Edison has increased its dividend for 48 consecutive years. This is the longest period of any usefulness in the S&P500 index. He calls Con Edison a Dividend Aristocrat and has it only a few years away from the even more elite group of Dividend Kings. The company currently has a 3.5% dividend yieldmore than double the rate of the S&P 500 and above some of the most popular utilities.

Several factors contributed to Con Edison’s remarkable dividend success. For starters, the company has maintained a strong financial profile, including a conservative dividend payout ratio target of 60% to 70% of its adjusted earnings. It also has a strong Investment Grade rated balance sheet. These factors give it the financial flexibility it needs to continue expanding its utility business.

Con Edison is investing heavily to reduce its carbon emissions while supporting New York’s growing energy demand. It plans to invest $15.7 billion through 2024 in green power, security and reliability projects, which should help fuel continued earnings and dividend growth for utility investors.

2. A hidden gem for income investors

Delek Logistics Partners is a little-known Master Limited Partnership (MLP). Small independent refiner Delek US (DK -1.77%) formed the MLP to own, operate, acquire and construct midstream assets to support its operations. This strategy was a resounding success. Delek Logistics Partners has increased its distribution for 37 consecutive quarters, which is every quarter since its inception in 2012. It offers an even more attractive yield which is currently over 8%, well above the level of some of the most popular MLPs .

MLP’s steady distribution growth has been fueled by a steady stream of acquisitions and expansion plans to support its parent company’s refining operations. Delek US has steadily sold its logistics assets to its MLP over the years, growing its portfolio of cash flow midstream businesses. In the meantime, MLP has invested capital to increase its ability to support the growth of its parent company.

Delek Logistics has also diversified beyond the support of its parent company by acquiring related assets from third parties. The MLP recently acquired 3Bear Energy for $624.7 million. The crude oil and gas gathering, processing and transportation business has grown in size while diversifying its revenue and product mix. It should also give MLP the fuel it needs to continue to grow its distribution. Delek Logistics plans to increase its payment by another 5% this year.

Even after this large-scale transaction closes, MLP has plenty of fuel to continue growing. It still has a strong balance sheet and a conservative payout coverage ratio. Meanwhile, Delek US still has midstream assets that it can surrender to its MLP in the future.

Incredible dividend growth

Energy stocks are not always in constant growth due to the volatility of the sector. This is why Con Edison and Delek Logistics Partners stand out as they have seen steady dividend growth for years. Despite this remarkable consistency, most investors don’t talk about it these days. For this reason, they do not trade at high prices like some peers, allowing them to offer attractive dividend yields.

Energy Recovery Ventilation System Market Outlook 2022 and Growth by Top Key Players – Carrier (United Technologies), Johnson Controls, Daikin Industries, Trane

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Energy Recovery Ventilation Systems Market A study by “Verified Market Reports” provides details on market dynamics affecting the Energy Recovery Ventilation Systems market, market scope, market segmentation and overlays on major market players, highlighting the favorable competitive landscape and prevailing trends over the years.

This Energy Recovery Ventilation System Market report provides details about recent new developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic analysis of market growth, market size, category market growth, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market. For more insights into the Energy Recovery Ventilation System Market Data Bridge Market Research, please contact us for an Analyst Briefing,

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The analysis and estimations carried out through the outstanding Energy Recovery Ventilation Systems report help to get an idea about product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and their effects on sales, marketing, promotions, revenue value, import. , export and CAGR. With the latest and up-to-date market information mentioned in the report, companies can think about how to improve their marketing, promotion and sales strategies. Business reporting helps determine and optimize each stage of the business process lifecycle, which includes engagement, acquisition, retention, and monetization. The Energy Recovery Ventilation System Market Research Report

Key Players in the Energy Recovery Ventilation Systems Market are:

  • Carrier (United Technologies)
  • Johnson Controls
  • Daikin Industries
  • Trane
  • Nortec
  • Lennox International Inc.
  • Mitsubishi Electric
  • greenheck
  • FUJITSU
  • Zehnder
  • LG Electronics
  • Renewal
  • Ostberg

Global Energy Recovery Ventilation System Market Segmentation:

Global Energy Recovery Ventilation System Market Segment By Type:

  • Wall mounting
  • Ceiling mounting
  • Cabinet mounting

Global Energy Recovery Ventilation System Market Segment By Application:

  • Residential
  • Commercial
  • Others

Regional Market Analysis Energy Recovery Ventilation System can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global energy recovery ventilation system market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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Scope of the Energy Recovery Ventilation System Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.


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Congregation recognized for its work on sustainability | neighborhood supplement

SUBMITTED BY STEVEN SCHAFER for the Neighborhood Extra

Aldersgate United Methodist Church, located at 84th and South Streets, has received official notification that it is a Certified Cool Congregation after implementing energy improvements that are expected to reduce utility consumption by 22% and the carbon footprint of the church building.

Over the past three years, the church has insulated 75% of the bare concrete walls of its original building, replaced four windows and changed the heating and cooling systems serving 50% of the original building, installing instead of high efficiency heat pumps.

Certification as Cool Congregation comes from Interfaith Power and Light, a national organization that mobilizes a faith-based response to global warming by promoting energy conservation and renewable energy in churches. One of its programs is to recognize congregations that have taken steps to significantly reduce their carbon footprint.

In 2020, Aldersgate UMC also won the Interfaith Power and Light National Sacred Grounds Award for transforming its 1.9 acre lawn and deteriorating playground into a neighborhood park, which features a landscaping plan that benefits the environment and serves the community by providing wildlife habitat, nature immersion, and nature-based play for children.

People also read…

Work on the neighborhood park is underway. Since 2017, the church has planted 115 trees, 659 shrubs, 870 perennials, 393 grasses, and 4,708 grass plugs. This includes a wide variety of plants, many of which are native to this region. When the trees are mature, they will sequester about 8 tons of carbon per year.

Joseph Rafique, pastor at Aldersgate UMC, praised church members for their work on the environment. “The congregation has always supported projects aimed at applying the principles of biblical stewardship to our own church.”

Snake River dams: ‘Status quo is not an option’

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Re: “A herculean and worthwhile task before breaking through the dams of Lower Snake River” [June 16, Opinion]:

The Editorial Board is right to say that saving endangered salmon is a “target worth aiming for”. Replacing energy services at the lower Snake River dams can result in affordable, clean energy, while improving the reliability of the entire regional power system.

The Lower Snake River Draft Report estimates costs ranging from $8.3 billion to $18.6 billion to replace power from the Lower Snake River dams. Importantly, this figure is spread over 50 years. On an annual basis, this represents at most a few percentage points of the total cost of regional electricity in the Northwest. The costs of renewable energy technologies are expected to continue to fall, meaning that replacing energy services from dams will be less expensive than current projections.

Renewable energy technology cost modeling from the National Renewable Energy Laboratory shows declining costs for solar, wind, and battery systems through 2030 and beyond. A recent analysis by Lawrence Berkeley National Laboratory found that current supply chain and inflation issues are unlikely to change this outlook.

Meanwhile, dam operating costs will continue to rise as turbines age and climate change affects power generation. For salmon and other species at risk, the status quo is not an option — how can you put a dollar figure on extinction?

Nancy Hirsh, Seattle, Executive Director, NW Energy Coalition

A Basic Guide to ESG Investing and Why It’s Facing Backlash: QuickTake

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You’ve probably heard of ESG and may be familiar with it as a form of investing and financing that involves considering material financial risks related to environmental factors, social issues and corporate governance issues. . If you’re like most people, you’re probably unclear about the difference between ESG and socially responsible investing, impact investing, and similar, sometimes overlapping approaches, in part because ESG has come to mean different things to different people. This vagueness has helped fuel rapid growth in recent years. But with that growth has also come increased scrutiny from regulators who are cracking down on banks and investment firms that make overstated claims. In the United States, ESG has also faced backlash from conservatives who call it “woke capitalism” and insiders who say it doesn’t create the kinds of real-world impacts it does. seemed to promise.

Here is a guide to the basics.

1. What’s the big idea?

The broadest umbrella term for the strategy of which ESG is a part is sustainable investing. Proponents say the goals of sustainable investing, which covers fund assets valued at $2.7 trillion globally by Morningstar Inc., are to have societal impact, align with personal values ​​or manage risk. And making money along the way, of course.

2. Where does ESG come from?

The acronym was coined in the mid-2000s. A UK law firm wrote a report for the United Nations Environment Program Finance Initiative in 2005, claiming that the use of ESG factors in the financial analysis was consistent with the fiduciary responsibilities of investors. The idea was that the integration of ESG data would help protect investments by avoiding significant financial risks related to factors such as climate change; labor disputes and human rights issues in supply chains; and poor corporate governance and resulting litigation. Over time, the label has come to be applied to investments ranging from predictable things like owning renewable energy stocks to things you wouldn’t expect, like funds that track reference containing oil companies or assets in autocratic countries. like Russia.

Estimates vary depending on what people count as ESG. According to Bloomberg Intelligence, assets are expected to grow to $50 trillion by 2025 from around $35 trillion currently. They rose from $30.7 trillion in 2018 to $22.8 trillion in 2016, according to the Global Sustainable Investment Association.

The popularity of ESG depends in part on the belief that it will play a positive role in making the world a better place. But critics say such warm and fuzzy sentiment helps asset managers blur a key distinction – that ESG is primarily about using data to identify risks that could harm investment performance or to find money-making opportunities. This contrasts with some other branches of sustainable investing which sometimes go further:

• Ethical and values-based investing: These are general strategies that allow investors to avoid or invest in companies that reflect their political, religious or philosophical beliefs and values. Its earliest followers were religious groups such as the Quakers who avoided investments in things like alcohol, guns, and gambling. Church-affiliated groups in Sweden launched the first ethics-based mutual fund in 1965. The Pax World Fund was launched in the United States in 1971.

• Socially Responsible Investing: Galvanized by Vietnam War protests, consumer boycotts of napalm producers and efforts to end apartheid in South Africa, a group of investors in the 1980s and 1990s sought to do good by not only avoiding companies that harm society, but investing in those that improve their business practices. They can also focus on companies engaged in clean technology efforts.

• Impact investing: While socially responsible investing tends to focus on publicly traded companies, impact investing focuses on private projects. It’s a niche strategy where investors target specific outcomes that can be measured, such as promoting sustainable agriculture or businesses that provide affordable housing.

• Systems-level investment: A nascent strategy that has yet to take off. As people increasingly point to the failure of ESG to catalyze big and real impacts, they are looking to invest at the systems level. This involves making decisions that consider your entire portfolio and how its elements intersect across all long-lived assets. An example would be climate change: a systems-level approach would look at how it affects entire portfolios, from stocks in energy and insurance companies to sovereign bonds and currencies. Systems-level investors are then expected to work with other investors to collectively push companies to improve their business practices by creating industry standards, sharing data with other investors, and lobbying for public policy changes. .

5. What do critics of ESG think?

Some believe the term has become so broad that it loses much of its meaning. Many point to the prevalence of greenwashing, which occurs when companies exaggerate the environmental benefits of their actions. Even the man who coined the acronym said the financial industry had sprinkled ‘ESG fairy dust’ on products that didn’t deserve the label, and there would be industry upheaval. in the years to come. Other criticisms relate to the way fund managers rely on ESG ratings which rank companies based on their performance on ESG factors. There is a lot of inconsistency in these scores – in some cases, companies are ranked based on the risks the ESG factors pose to them rather than, say, the risks the companies pose to the environment and society.

6. What do regulators think?

With the ESG label now widely used by fund managers and bankers selling everything from mutual funds to complex derivatives, regulators in Europe and the US are cracking down on companies that overstate their ESG bona fides. In May, German authorities raided the offices of Deutsche Bank AG’s fund unit amid allegations that it overstated its ESG capabilities to investors. The following month, it emerged that US regulators were investigating whether ESG funds sold by Goldman Sachs Group Inc.’s asset management group breached ESG measures promised in marketing materials.

The U.S. Securities and Exchange Commission proposed a list of new restrictions in May aimed at ensuring ESG funds accurately describe their investments, and which may require some fund managers to disclose greenhouse gas emissions from companies in which they invest. These proposed rules come on the heels of new laws in Europe, the Sustainable Finance Disclosure Regulations, where investments must be labeled in categories commonly referred to as “light green” and “dark green”, depending on the priority given to sustainability.

8. Does sustainable investing really make a difference?

A cohort of ESG executives and academics have lamented the lack of far-reaching, long-term impacts the strategy has had. Of course, sustainable investors have made strides, such as pressuring companies to reduce their use of plastic, addressing workers’ rights, and conducting so-called civil rights audits. They also succeeded in replacing the directors of the board of directors of Exxon Mobil Corp. to help the oil giant position itself towards cleaner fuels. Other supporters said that if investors in Deliveroo Plc in the UK had considered ESG issues, they could have avoided losses after the company faced a backlash over operating the economy gigs and workers’ compensation last year. Yet critics argue that the idea that ESG investing alone is enough to solve complex problems is proving to be wrong, and that greater government intervention is needed to solve societal problems such as living minimum wages and greenhouse gas emissions.

9. How do these approaches compare in terms of return on investment?

In three categories – Europe-focused, US-focused and global – large-cap ESG equity funds have done better this year, on average, than their non-ESG counterparts. Although they lost money – consistent with the market selloff – those losses are smaller. Globally, ESG funds are down 11.7% this year through June 10, compared to the 14.8% drop in the MSCI World Index. But there have been some early signs that investors are depreciating on ESG. They withdrew a record $2 billion net from U.S. exchange-traded funds in May, ending three years of inflows, according to Bloomberg Intelligence.

More stories like this are available at bloomberg.com

Second Quarter 2022 Earnings Forecast for Diamondback Energy, Inc. (NASDAQ:FANG) Released by Capital One Financial

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Diamondback Energy, Inc. (NASDAQ:FANG – Get Rating) – Equity researchers at Capital One Financial have raised their second quarter 2022 earnings per share (EPS) estimates for Diamondback Energy shares in a research note released on Wednesday, June 22. Capital One Financial analyst B. Velie now expects the oil and gas company to post earnings per share of $6.51 for the quarter, up from its previous estimate of $6.44. The consensus estimate for Diamondback Energy’s current annual earnings is $26.11 per share. Capital One Financial also released estimates for Diamondback Energy Q3 2022 earnings at $7.08 EPS, Q4 2022 earnings at $7.19 EPS, FY2022 earnings at $25.98 EPS, Q2 2023 earnings at $5.68 EPS, Q3 2023 earnings at $5.79 EPS, Q4 2023 earnings at $5.93 EPS, Full year 2023 earnings at $23.10 EPS and earnings of fiscal year 2024 at $21.09 EPS.

Other analysts have also recently published research reports on the company. Scotiabank raised its price target on Diamondback Energy from $165.00 to $170.00 and gave the stock a “neutral” rating in a Wednesday, March 9 research note. Bank of America downgraded Diamondback Energy from a “buy” rating to a “neutral” rating and raised its share price target from $165.00 to $170.00 in a Tuesday, March 8 report. Wells Fargo & Company lowered its price target on Diamondback Energy from $204.00 to $200.00 and set an “overweight” rating for the company in a Tuesday, May 17 report. Susquehanna Bancshares raised its price target on Diamondback Energy from $152.00 to $167.00 and gave the stock a “positive” rating in a Monday, April 25 report. Finally, Truist Financial raised its price target on Diamondback Energy from $170.00 to $200.00 in a Thursday, April 21 report. Two analysts gave the stock a hold rating, thirteen gave the company a buy rating and one gave the company’s stock a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.35.

NASDAQ:FANG opened at $119.24 on Thursday. The company has a debt ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.69. Diamondback Energy has a 1-year low of $65.93 and a 1-year high of $162.24. The stock’s 50-day simple moving average is $138.24 and its two-hundred-day simple moving average is $130.45. The company has a market capitalization of $21.16 billion, a price-earnings ratio of 7.86, a PEG ratio of 0.23 and a beta of 2.18.

Diamondback Energy (NASDAQ:FANG – Get Rating) last released its quarterly earnings data on Monday, May 2. The oil and gas company reported earnings per share (EPS) of $5.20 for the quarter, beating analysts’ consensus estimate of $4.74 by $0.46. Diamondback Energy had a return on equity of 19.91% and a net margin of 34.17%. The company posted revenue of $2.41 billion for the quarter, versus a consensus estimate of $1.93 billion. In the same quarter a year earlier, the company posted EPS of $2.30.

The company also recently announced a quarterly dividend, which was paid on Monday, May 23. Investors of record on Thursday, May 12 received a dividend of $0.70 per share. This is a positive change from Diamondback Energy’s previous quarterly dividend of $0.60. This represents an annualized dividend of $2.80 and a yield of 2.35%. The ex-dividend date was Wednesday, May 11. Diamondback Energy’s dividend payout ratio is currently 18.46%.

In other Diamondback Energy news, Hof Chief Financial Officer Matthew Kaes Van’t sold 6,000 shares of the company in a trade dated Monday, April 4. The stock was sold at an average price of $140.02, for a total transaction of $840,120.00. Following the sale, the CFO now owns 73,334 shares of the company, valued at approximately $10,268,226.68. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, CAO Teresa L. Dick sold 2,500 shares of the company in a trade dated Friday, May 27. The shares were sold at an average price of $152.22, for a total value of $380,550.00. As a result of the sale, the accounting chief now owns 57,308 shares of the company, valued at approximately $8,723,423.76. The disclosure of this sale can be found here. Insiders sold a total of 50,500 shares of the company worth $7,580,970 in the past ninety days. 0.47% of the shares are currently held by company insiders.

Institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System increased its stake in shares of Diamondback Energy by 15.2% in the fourth quarter. State of Michigan Retirement System now owns 49,262 shares of the oil and gas company worth $5,313,000 after buying an additional 6,500 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Diamondback Energy by 23.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 104,408 shares of the oil and gas company worth $11,260,000 after buying an additional 19,526 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Diamondback Energy by 18.8% in the third quarter. Thrivent Financial for Lutherans now owns 166,898 shares of the oil and gas company worth $15,799,000 after buying an additional 26,397 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Diamondback Energy in the fourth quarter worth approximately $333,000. Finally, LPL Financial LLC added to its position in Diamondback Energy by 6.9% during the fourth quarter. LPL Financial LLC now owns 54,927 shares of the oil and gas company worth $5,924,000 after buying 3,526 additional shares last quarter. Institutional investors and hedge funds hold 89.97% of the company’s shares.

Diamondback Energy Company Profile (Get a rating)

Diamondback Energy, Inc, an independent oil and gas company, is focused on the acquisition, development, exploration and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin of western Texas. It covers the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, which are part of the Permian Basin in western Texas and New Mexico.

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Earnings history and estimates for Diamondback Energy (NASDAQ:FANG)



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UK Infrastructure Upgrade – Bechtel

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New report identifies potential for infrastructure to support UK’s upgrade, net zero and energy security programs

  • The UK Government has identified the importance of infrastructure to leveling out, tackling the longer term cost of living crisis through the provision of new household energy generation capacity and reaching Net Zero by 2050 .
  • New modeling and research published today by the Northern Policy Foundation (NPF) shows that unless the UK drastically improves infrastructure provision, taxpayers will face an annual bill of £45billion sterling each year for the next five years.
  • Additionally, modeling of one of our recommendations – adding an ‘upgrade component’ to high-value tender assessments – suggests this could result in a £550m increase. for the North and Midlands and could support or create between 19,000 jobs.
  • Today, more than 80% of major infrastructure projects worldwide are delivered late and over budget.
  • On average, major infrastructure projects will also continue to be delivered 3.5 years late, delaying the realization of their benefits for local people and the country.
  • Initiatives such as Project Speed, the Construction Playbook, Civil Service Reform, and various “acceleration units” are all potentially steps in the right direction, but have yet to yield meaningful results and potentially lost ground. their momentum.

Boris Johnson, in particular, is rightly a fan of investing in large infrastructure projects which have proven – on average – to deliver a return on investment of 2.2 times the initial outlay. It has been placed at the heart of government programs for leveling up, net zero emissions and “energy security”.

Upgrade – on a range of measures including productivity, skill levels, health and wellbeing, job opportunities and connectivity – the North and Midlands continue to underperform not just London but also the UK averages. The productivity gap is so large that OECD and Eurostat analysis shows the UK to be one of the most geographically unbalanced economies in the developed world. In Europe, only Poland and Romania are more unequal than the United Kingdom

Between 2007-08 and 2018-19 capital expenditure on transport in London was around £6,600 per capita, compared to £1,880 in the East Midlands, £1,980 in the South West and three times the expenditure for Yorkshire and the Humber and the North. East (£2,200 per person).

Net Zero – the prime minister’s ‘ten-point plan’ specifically cites the need to: ‘transform our energy system…and grid infrastructure’, provide ‘modern and integrated port infrastructure’, ‘produce low-carbon hydrogen scale”, “accelerate the deployment of EV charging infrastructure” and the development of “carbon capture and storage infrastructure”.

Energy security – the war in Ukraine has particularly focused people’s minds on how and where our energy comes from. In particular, the government is committed to building new nuclear reactors – both traditional and small modular reactors – to help improve our resilience and provide a more predictable and reliable source of energy.

Addressing each of these three challenges will require a step change in the way infrastructure is delivered in the UK

Sponsored by Bechtel, the NPF interviewed 26 experts from across the industry, highlighting the issues large projects often face, which they found grouped into three broad categories:

  1. Poor planning and implementation of the project: including poor understanding of cost estimates and their use, lack of incentives for those involved early on to provide “honest” estimates, lack of the right expertise at the right time, and introduction of processes that restrict the project later in its lifecycle.
  2. Loss of control and responsibility: which means a lack of change control over time, cost and scope, poor visibility of data and information at all levels of a project.
  3. The wrong people providing the wrong type of review: there is a widely reported mismatch within the public service of people with the wrong expertise in the roles of sponsor or client. This means the wrong questions are being asked, which takes up time on the project and gives the wrong impression of project progress.

The NPF report, ‘Laying the foundations in place – how the UK government can ‘build back better’ and get up to speed post-COVID’, says 18 practical policies and industry recommendations aimed at radically improving delivery – from upgrading the skills of ministers and more experienced sponsor teams to creating a fair dispute resolution mechanism and a better approach to project costing.

John Williams, Managing Director UK and Ireland at Bechtel, said:

“We are very pleased to support this important research. The ‘race to the top’ requires a massive improvement in the UK’s capabilities to deliver transport, energy and digital infrastructure faster, cheaper and better for the communities they serve. »

Tom Lees, Director of the NPF said:

“The government has set out ambitious and potentially transformative plans which all require the effective provision of good quality infrastructure.

Infrastructure spending has historically been more than three times higher per person in London compared to the north of England. Thankfully that is changing, but my fellow Northerners can’t afford projects to be significantly delayed or over budget – we need a radical improvement in delivery so we can see the benefits as soon as possible and close the North/South divide.”

A copy of the full report can be found here:

About the Northern Policy Foundation

The NPF was created after the 2019 general election, which saw many seats in the north of England vote Conservative.

Over the past hundred years a north-south divide in the UK on a number of measures has existed despite the interventions of many different governments. Over the past 30 years, this gap has widened. Upgrading our country will be a daunting challenge, especially as we recover from the effects of COVID-19.

NPF research and work focuses on developing pragmatic and impactful policy interventions and analysis that will help the North prosper and improve lives. The FNP does not belong to any political party and avoids falling into ideological traps.

Safran – Mendocino Lighthouse

A meeting was held on 6/2 sponsored by The Grass Roots Institute to answer questions from those interested in one of the 4 open seats on the City Council. Former members, Dave Turner and Dan Gjerde were on hand to answer questions about their motivations for running and the challenges they faced on the Board.

Peter McNamee moderated the discussion and asked everyone about the opportunities and challenges faced. Ongoing issues such as water, waste treatment, housing, business and traffic were discussed.

Dave mentioned that there was plenty of water on the coast but tanks were needed for storage; while Dan spoke about the interplay of city and county governments and inter-county committees working in the interest of Northern California.

After Dave and Dan spoke on these issues, questions about energy conservation and production were asked by the 30-person audience, along with questions about the cogs and bolts regarding the Brown Law, the approximate votes needed to win a seat and the number of hours it takes to get the job done.

It was also mentioned that Volkswagen is donating money because of its diesel regulations that can be used to charge electric vehicles, which would help promote both local conservation and tourism.

The Town Clerk, June Lemos was present. She told the group that the city would help with applications and send new members to government courses in Sacramento.

—Mark Safron, Fort Bragg

STEP Energy Services (TSE:STEP) upgraded to buy from Raymond James

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WWTP Energy Services (EAST: STAGEGet a rating) was upgraded by Raymond James equity researchers to a “buy” rating in a report released on Tuesday, TipRanks reports. The company currently has a price target of C$7.75 on the stock. Raymond James’ price target indicates an upside potential of 55.62% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. ATB Capital raised its price target on shares of STEP Energy Services to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets downgraded shares of STEP Energy Services from a ‘market performance’ rating to a ‘buy’ rating and raised its target price for the company from C$2.50 to C$4.00 CA in a research note from Friday, April 1. Finally, Royal Bank of Canada downgraded shares of STEP Energy Services from a “sector performance” rating to a “buy” rating and raised its target price for the company from C$4.00 to CA$8.00 in a research note from Monday, May 16.

Shares of Stock STEP opened at C$4.98 on Tuesday. STEP Energy Services has a one-year minimum of CA$1.32 and a one-year maximum of CA$5.85. The company’s 50-day moving average is C$4.52 and its 200-day moving average is C$2.91. The company has a market cap of C$339.66 million and a price-to-earnings ratio of -30.74. The company has a debt ratio of 128.82, a quick ratio of 1.09 and a current ratio of 1.36.

About STEP Energy Services (Get a rating)

STEP Energy Services Ltd., an oilfield services company, provides integrated coiled tubing, fracturing and cable solutions to serve the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and stand-alone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased-hole wireline and open-hole wireline services.

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CHESAPEAKE ENERGY CORPORATION DOUBLES ITS AUTHORIZATION TO REPURCHASE COMMON SHARES AND WARRANTS FROM $1 BILLION TO $2 BILLION

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OKLAHOMA CITY, June 22, 2022 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today announced that its board of directors has doubled its previously announced buyback program authorization from $1 billion until $2 billion in aggregate value of its common stock and/or warrants through the end of 2023. To date, under its previously authorized program, Chesapeake has repurchased approximately 5.4 million shares ordinary at an average price of around $89 per share.

Nick Dell‘Osso, Chairman and Chief Executive Officer of Chesapeake, said, “We strongly believe that our stock is undervalued and we are pleased to announce today significant progress in our buyback program. Double our redemption authorization to a total of $2 billion, in conjunction with our commitment to our base and variable dividend program, underscores our confidence in our ability to generate sustainable free cash flow and our commitment to shareholder returns. Our disciplined capital allocation strategy generates best-in-class cash-per-share returns and highlights the attractive value of our stocks.”

The redemption authorization allows Chesapeake to make redemptions on a discretionary basis as determined by management. Acquisitions under this repurchase authorization may be made through open market transactions or negotiated over-the-counter. This redemption authorization does not obligate Chesapeake to acquire any particular amount of common stock or warrants, and may be modified, extended, suspended or discontinued at any time without notice.

Based at Oklahoma CityChesapeake Energy Corporation’s (NASDAQ:CHK) operations are focused on the discovery and responsible development of its vast and geographically diverse resource base of onshore unconventional oil and gas assets in United States.

Forward-looking statements

This press release and the accompanying outlook include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements other than statements of historical facts. They include statements that give our current expectations, management’s outlook or expectations of future events, expected base and variable dividends, share buybacks, the expected growth trajectory of natural gas and oil, projected cash flow and liquidity, our ability to improve our cash flow and flexibility, dividend plans, future production and commodity mix, plans and targets for future operations, ESG initiatives, ability of our people, portfolio strength and operational leadership to create long-term value, and the assumptions on which these statements are based. Although we believe that the expectations and forecasts reflected in the forward-looking statements are reasonable, we cannot guarantee that they will prove to be correct. They may be affected by inaccurate or changed assumptions or by known or unknown risks and uncertainties.

Factors that could cause actual results to differ materially from expected results include those described under “Risk Factors” in Item 1A of our Annual Report on Form 10-K and any updates to such factors in Chesapeake’s subsequent quarterly reports on Form 10-Q. or current reports on Form 8-K (available at https://www.chk.com/investors/sec-filings). These risk factors include: the impact of the COVID-19 pandemic and its effects on the company’s business, financial condition, employees, contractors and suppliers, and global oil demand and natural gas and in the US and global financial markets; volatility in oil, natural gas and NGL prices; the limits that our level of indebtedness may have on our financial flexibility; our inability to access capital markets on favorable terms; the availability of cash flow from operations and other funds to fund cash dividends, fund reserve replacement costs or meet our debt obligations; write-downs in the carrying value of our oil and gas assets due to low commodity prices; our ability to replace reserves and maintain production; the uncertainties inherent in estimating quantities of oil, natural gas and NGL reserves and projecting future production rates and the amount and timing of development expenditures; our ability to generate profits or achieve targeted results in drilling and well operations; lease terms expiring before production can be established; commodity derivatives activities resulting in lower realized prices on oil, natural gas and NGL sales; the need to secure derivative liabilities and the inability of counterparties to honor their obligations; adverse developments or losses resulting from pending or future litigation and regulatory proceedings, including royalty claims; costs incurred in response to market conditions; drilling and operating risks and resulting liabilities; the effects of environmental laws and regulations on our business; legislative and regulatory initiatives further regulating hydraulic fracturing; our need to ensure an adequate supply of water for our drilling operations and to dispose of or recycle used water; the impacts of potential legislative and regulatory measures relating to climate change; federal and state tax proposals affecting our industry; potential regulation of over-the-counter derivatives limiting our ability to hedge against fluctuations in commodity prices; competition in the oil and gas exploration and production industry; deterioration in general economic, business or industry conditions; negative public perceptions of our industry; limited control over properties that we do not operate; pipeline and gathering system capacity constraints and transportation disruptions; terrorist activities and cyberattacks negatively impacting our operations; and a disruption of operations at our head office due to a catastrophic event.

In addition, disclosures regarding the estimated contribution of derivative contracts to our future operating results are based on market information as of a specific date. These market prices are subject to significant volatility. Our production forecast also depends on numerous assumptions, including estimates of the rates of decline in production from existing wells and the results of future drilling activities. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this press release, and we undertake no obligation to update the information provided in this press release, except as required by law. applicable so requires. Additionally, this press release contains urgent information that reflects management’s best judgment only as of the date of this press release.

INVESTOR CONTACT: MEDIA CONTACT:
Brad Sylvester, CFA (405) 935-8870 [email protected] Gordon Pennoyer (405) 935-8878 [email protected]

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SOURCE Chesapeake Energy Corporation

How AEMO plans to stop ‘dysfunctional’ market behavior

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Australia’s energy market operator will lift its suspension from the national electricity market, CEO Daniel Westerman has confirmed.

He says he spoke this morning to all the energy ministers of the NEM, which includes the eastern states and South Australia.

He reiterated that AEMO was forced to suspend market pricing as it became impossible to operate, but the situation had improved significantly.

“The first step will be at the end of the trading day today and it is at 4:00 tomorrow morning that we will allow the market to re-price the price,” he told reporters.

“The second stage will take place 24 hours after that, when we can formally lift the market suspension.”

“After taking that first step, I would expect to see three things.

“First, the system we use to schedule generation in the grid at the lowest cost to consumers, the dispatch engine will work flawlessly.

“Secondly, AEMO will be able to reduce the number of directions we give generators and thirdly, we expect to see a reduction in predicted energy shortages or low reserves as generators respond to these signals. of the market.”

Energy Minister Chris Bowen said the East Coast’s energy system had been under immense pressure in recent weeks, but state and federal governments had worked closely together to keep the lights on.

“We have avoided outages and load shedding in recent weeks, despite very significant challenges. The measures taken by AEMO last week were very important and very necessary and, as I said at the time, had my full support.

Environmentalists in court tried to stop $16 billion gas project in Scarborough, citing damage to coral reef | Gas

An environmental group has launched a legal bid to halt a $16 billion gas development in Western Australia, arguing that the effect of its greenhouse gas emissions on the Great Barrier Reef will be significant and should be assessed in under national environmental legislation.

Documents filed by the Australian Conservation Foundation (ACF) in federal court on Tuesday said the Woodside gas project in Scarborough would likely affect the global and natural values ​​of the 2,300km reef system by adding to massive coral bleaching.

Woodside needs final approval from the offshore energy regulator, the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema), before development can go ahead.

ACF said the project’s effect on the reef meant it should lose a legal exemption from national environmental laws given to projects assessed by Nopsema, and instead be considered under the Environmental Protection Act. Environment and Biodiversity Conservation (EPBC) by Federal Environment Minister Tanya Plibersek.

The case is the latest in a growing list testing the approval of Australian fossil fuel developments based on their projected contribution to global warming.

Scarborough has become a rallying point for climate campaigners who cite a warning from scientists and the International Energy Agency that the world cannot afford major new fossil fuel projects if it is to avoid a worsening of the climate crisis. It involves opening an untapped gas field 375 km off the Pilbara coast in WA and connecting it via a pipeline to an expanded liquefied natural gas processing plant near the town of Karratha. Most of the LNG would be exported and flared in Asia.

Climate Analytics researchers estimated that gas from the development could release 1.37 billion tonnes of carbon dioxide – more than three times Australia’s annual emissions – into the atmosphere over 25 years.

Woodside and other supporters of the project, including WA Premier Mark McGowan and new Federal Resources Minister Madeleine King, argued that gas from Scarborough would help reduce global emissions by displacing energy at the dirtier coal. They were asked for evidence to back up and quantify this, but none was published.

The ACF documents indicated that emissions from Scarborough were likely to raise the average global temperature by at least 0.000394C, which would lead to the death of millions of corals during each future mass bleaching event.

The reef has suffered four episodes of massive coral bleaching since 2016, and scientists say 99% of coral reefs are at risk of disappearing if average heating reaches 2°C above pre-industrial levels.

ACF chief executive Kelly O’Shanassy said if the deal is successful it would help establish the idea that all new fossil fuel developments should be assessed for the climate damage they cause – a point repeatedly made by environmentalists, but often not required by Australian law.

She said she expected any assessment to show that “new coal and gas don’t stack up environmentally.”

“Scarborough gas is a climate bomb about to explode,” she said. “We must not fall for the accounting trick that suggests these emissions will not affect reefs in Australia simply because the gas will be flared primarily overseas. The reef does not care about the source of the greenhouse gases that damage it.

Woodside said the Scarborough project had been “subject to rigorous environmental assessments by a range of regulatory bodies” and would “defend its position vigorously”.

“The Scarborough project is underway and on schedule having received all primary environmental approvals,” said the company’s chief executive, Meg O’Neill.

“The project will deliver significant local and national benefits in the form of jobs, tax revenue and reliable gas supply as part of the energy transition for decades to come.”

Dr Selena Ward, a senior lecturer at the University of Queensland and director of the Heron Island Reef Research Centre, said a Scarborough-scale project would make a difference to global temperatures and that it had no no sense that it is exempt from the national environment. laws.

She said the Great Barrier Reef and other tropical reefs were “already suffering intensely”. “If we want to keep them, we can’t afford to approve this kind of project,” she said.

Jacobs and Morrison Energy Ser

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The project enables the UK’s transition to the sustainable energy systems of the future

DALLAS, May 12, 2022 /PRNewswire/ — Jacobs (NYSE:J, Financial)/Morrison Energy Services The joint venture – J1M – has won three contracts to support the Pembroke, Lackenby and Bramley substation projects as part of the energy utility national gridit is Six-year substation engineering procurement construction framework United Kingdom

As prime designer and contractor, the Jacobs/Morrison Energy Services joint venture is progressing detailed design and early work on the Pembroke substation project Walesto connect it to ireland Greenlink interconnectionone of Europe major energy infrastructure projects. The works include the design, supply, installation and commissioning of a new 400 kV gas insulated switchgear (GIS) extension into the existing substation.

J1M also supports connecting the Dogger Bank Wind farm C on the east coast at Teesside in the transmission grid at Lackenby substation. When completed, this will connect 1.2GW of installed generation capacity from Dogger Bank C, providing enough clean energy to power up to two million homes.

In Hampshire, J1M will supply National Grid’s new 25kV holly cross substation and connect it to the Bramley 400kV substation to supply Network Rail. J1M will also support the management of rural ecological requirements and the engagement of local stakeholders on all projects.

“With the UK’s ambition to quadruple offshore wind power by 2030, these projects play a vital role in expanding transmission capacity to the grid,” said Donald Morrison, senior vice president of Jacobs People & Places Solutions Europe and Digital Strategies. “Our integrated team combines deep technical experience and major project capability to deliver agile solutions that challenge the norm and support a sustainable energy system for tomorrow.”

“This is a great opportunity for Morrison Energy Services, as an established energy network service provider, to help drive the UK’s essential transition to sustainable energy systems of the future,” said the managing director of Morrison Energy Services. Peter Carolan. “We are proud to be part of building a sustainable future that will ensure that our homes and businesses are increasingly powered by clean energy.”

From engineering consultancy and engineering design to infrastructure management, operations and maintenance services, Jacobs provides complete end-to-end solutions for offshore wind development efforts – As germany SuedLink program — to help meet the growing global demand for clean and affordable energy. Jacobs is also investigating the feasibility of the production and supply of green hydrogen for renewable energy company RWE’s Pembroke power station.

At Jacobs, we strive today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, critical outcomes, operational advancements, scientific discovery and advanced manufacturing, transforming ideas abstracts into world-transforming realities. for real. With $14 billion in revenue and a talent force of approximately 55,000 people, Jacobs provides a full range of professional services, including consulting, technical, scientific and project delivery services for the public and private sector. Visit jacobs.com and connect with Jacobs on Facebook, instagram, LinkedIn and Twitter.

Morrison Energy Services works with national energy networks to repair, renew, refurbish and maintain the nation’s gas and electricity infrastructure, with a focus on decarbonization to support the transition to a net zero economy. With a workforce of over 1,200 people, operating 365 days a year in local communities, Morrison Energy Services works hard to keep the lights on, homes warm and appliances running. Morrison Energy Services is part of M Group Services. morrisones.com

With approximately 9,000 people working at 100 sites, Group M Services provides a range of essential infrastructure services in the water, energy, transport and telecommunications sectors in the UK www.mgroupservices.com

Certain statements contained in this press release constitute forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical facts are forward-looking statements. When used here, words such as “expects”, “anticipates”, “believes”, “seeks”, “estimates”, “plans”, “intends”, “future”, “will”, “would”, “could”, “”may”, “may” and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as on competitive, financial and economic data currently available. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limit, the timing of awarding of projects and funding under the Infrastructure Investment and Jobs Act as well as general economic conditions, including inflation, changes in interest rates , exchange rates and changes in capital markets, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments to global and regional market conditions and business conditions, among others. For a description of certain additional factors that may arise that could cause actual results to differ from our forward-looking statements, see the discussions contained in Section 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of operating; Item 1 – Legal Proceedings; and Section 1A – Risk Factors in our most recent Quarterly Report on Form 10-Q, as well as the company’s other filings with the Securities and Exchange Commission. The company is under no obligation to update any forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media enquiries:
Kerrie Sparks
214.583.8433

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SOURCE Jacobs

From groceries to energy, there’s not enough competition in Australia | cane sims

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Jhe recent election campaign has focused a lot on low wages and inequality. However, he did not focus on an underlying factor for these problems. If Australia had fewer markets led by dominant oligopolies, and more enjoying strong competition, we would have less inequality, and higher wages and productivity.

Market economies are based on the forces of supply and demand, which constitute Adam Smith’s “invisible hand”. But this requires enough actors on the supply side; otherwise, Australians will be underserved by our market economy.

We clearly have, in my view, inadequate competition in Australia. Think beer, groceries, mobile service providers, aviation, rail freight, banking, energy retail, internet search, mobile app stores And much more.

Companies do not want markets where there is perfect competition.

It’s not controversial. Every businessman would agree. None want to work in a competitive market where they simply seek to outperform their competition. They want an advantage over some form of market power.

To be clear, such behavior can be beneficial as companies seek to lock in consumers. However, too much market power in our economy can cause a range of harms to many Australians and to our society. It is therefore a key role for the government to fight the instincts of Australian businesses and foster competition.

The most obvious detriment is rising prices, which occur particularly when supply is limited relative to demand. When supply is plentiful, the focus is on reducing wages and other supplier costs.

The share of profits in our national income has steadily increased since the 1970s; and as a result, the share of national income accruing to Australian workers has steadily declined.

The implications for inequality are clear. Most Australians derive most of their income from wages, not from dividends on the shares they own.

The lack of innovation in Australia as well as low productivity are also of concern. These problems will not be properly addressed until we recognize that high industrial concentration and the resulting lack of competitive pressure reduce incentives to invest and create new products. And it is more difficult for new entrants, often drivers of innovation, to establish themselves.

When I was at the ACCC, I said that Australia’s merger laws needed to be significantly strengthened. The ACCC has presented reform proposals for post-election consideration, which is now.

Unfortunately, it is very difficult to find evidence to convince our courts that companies will obtain market power by merging or, when these mergers take place, that the resulting market power will be used in a detrimental way. Indeed, the merger has not yet taken place and the courts often treat the business logic as mere theory.

We have also seen court cases in which attempts to protect the sale proceeds of a privatization by restricting competition to a then-monopoly have not been found to violate competition laws. This happened in a recent decision regarding the Port of Newcastle.

Under the terms of sale, if the port of Newcastle moves more than a certain level of containers, it must compensate its dominant competitor, Port Botany. Although it concluded that this arrangement was put in place to protect the proceeds from the sale of Port Botany, the court found that these arrangements did not constitute a substantial lessening of competition.

Now that the election is over, our merger laws and the effective operation of our competition laws must be debated.

There is also another role for the government here. We need laws that promote competition rather than protect existing big business.

Whether it’s landing slots at airports, access to limited telecommunications spectrum, laws that allow shipping companies carrying cargo to Australia to engage in collusive behavior, or the financial sector regulation that favors incumbents, to name just a few examples, we need governments to prioritize competition over the needs of industry incumbents.

Add to this the way governments privatize assets in a way that does not support competition, or as unregulated monopolies, so that they then receive high sales proceeds, knowing that the users of the privatized assets will therefore have to pay higher prices. It is an unfair form of stealth taxation that hurts most Australians and contributes to inequality.

Australia must adopt a pro-competitive mindset if we are to solve our low wage and productivity problems and, what should be a fundamental objective of economic policy, reduce inequality.

Rod Sims is Professor of Public Policy and Antitrust at ANU’s Crawford School and former Chairman of the Australian Competition and Consumer Commission.

Global Fatty Acid Methyl Ester Market (2022 to 2030) – With Renewable Energy Group, Stepan Company and Univar Solutions, among others – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Global Fatty Acid Methyl Esters Market by Source, Product Type, Application and Region – Size, Share, Outlook and Opportunity Analysis, 2022-2030” has been added to from ResearchAndMarkets.com offer.

This report provides an in-depth analysis of the global Fatty Acid Methyl Ester market and provides the market size (million US$ and kilotons) and compound annual growth rate (CAGR%) for the forecast period (2022 -2030), considering 2021 as the reference year.

FAME (fatty acid methyl ester) is a form of fatty acid ester produced by transesterifying fats with methanol. The main molecules of biodiesel are the FAMEs, which are obtained by transesterification from vegetable oils. When basic chemicals such as sodium methoxide, potassium hydroxide, or sodium hydroxide are present, an alkali-catalyzed reaction between methanol and lipids produces FAMEs, which are used in the manufacture of biodiesel and detergents.

The most widely available type of biodiesel in the marine industry is FAME-based biofuel, which is typically blended with regular marine diesel. The application of FAME in the food industry as a thickening and emulsifying agent is expected to drive the market growth over the forecast period.

Growing demand for fatty acid methyl esters from various end-use industries is expected to benefit the global fatty acid methyl ester market. Fatty acid methyl ester is the most preferred alternative to conventional mineral-based products for applications in lubricants, paints and coatings, food and agriculture, detergents and surfactants, metal working, emulsifiers and others.

This is due to its superior properties such as high lubricity, excellent solubility in inorganic solvents, high boiling points, non-toxicity and biodegradability. Additionally, the growing demand for fatty acid methyl esters in agrochemicals such as the preparation of pesticides and fertilizers is expected to further drive the growth of the fatty acid methyl esters market. Thus, the aforementioned properties and applications are expected to be key factors driving the growth of the global fatty acid methyl esters market over the forecast period.

However, market growth is expected to be hampered by high manufacturing costs owing to unpredictable raw material prices and the global coronavirus outbreak. Fatty acid esters required high processing costs. As a result, emerging countries such as Asia-Pacific, Middle East and Africa are still unable to employ high-cost technologies, which could limit the market for fatty acid esters.

Main characteristics of the study:

  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

  • This study also provides key insights into the market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.

  • It profiles leading players of the global Fatty Acid Methyl Esters Market based on the following parameters: Company Highlights, Product Portfolio, Key Highlights, Financial Performance and Strategies

  • The information in this report would enable marketers and managing authorities of companies to make informed decisions regarding their future product launches, type upgrade, market expansion, and marketing tactics.

  • The Global Fatty Acid Methyl Ester Market report is targeted at various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants and financial analysts.

  • Stakeholders would have ease in decision-making through various strategic matrices used to analyze the global Fatty Acid Methyl Ester market

Detailed segmentation

Global Fatty Acid Methyl Ester Market, By Source:

  • vegetable oils

  • animal fats

  • Used cooking oils

Global Fatty Acid Methyl Ester Market, By Product Type:

  • Methyl oleate

  • Methyl laurate

  • Methyl myristate

  • Methyl caprate

  • Methyl Stearate

  • Others (methyl palmitate, coconut methyl esters, etc.)

Global Fatty Acid Methyl Ester Market, By Application:

  • Fuels

  • Paints and coatings

  • Food additives

  • Detergents & Surfactants

  • Lubricants and Metalworking Fluids

  • Agrochemicals

  • Personal care and cosmetics

  • Others (wetting agents, plasticizers, etc.)

Global Fatty Acid Methyl Ester Market, By Region:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

Company Profiles

  • Acme Synthetic Chemicals

  • ADM (Archer Daniels Midland Company)

  • Berg + Schmidt GmbH & Co. KG

  • Cargill, Incorporated

  • Chemrez Technologies, Inc.

  • CREMER OLEO GmbH & Co. KG

  • Elevance Renewable Sciences, Inc.

  • Emery oleochemicals

  • Godrej Industries Limited

  • JNJ Oil Industries, Inc.

  • KLK OLEO

  • Krishi Oil Limited

  • Mohini Organics Pvt. ltd.

  • P&G Chemicals

  • Renewable Energy Group, Inc.

  • Stepan Company

  • Univar Solutions Inc.

  • Vertec BioSolvents Inc.

  • Victorian Chemical Company Pty Ltd.

  • Wilmar International Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/xslqx7

Local banks can champion decarbonization in emerging markets

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  • Emerging markets need $1 trillion a year to get to net zero.
  • Investments in clean energy in the majority of emerging markets remain stable, despite the great economic benefits it could bring.
  • Local banks are key to creating climate-smart finance opportunities in these regions.

A transition to a low-carbon energy future is crucial to limit the rise in global temperatures to 1.5°C and avoid the catastrophic impacts of climate change. Current climate policies put us on track for a warming of 2.7°C above pre-industrial levels while, as agreed in the Paris Agreement, we must reach net zero carbon emissions by 2050.

The paradigm shift to achieve this goal requires significant additional green and climate investments across all sectors of the economy, most directed to emerging markets where they are needed, with great investment opportunities and growth potential. . In order to meet global decarbonization targets, investments will need to almost triple, from $760 billion in 2019 to $2.2 trillion in 2030, according to the International Energy Agency (IEA). Additionally, emerging markets need $1 trillion a year in public and private financing to transition to a net zero economy.

Climate ambitions in emerging markets

The financial sector plays a key role in the transition to low carbon economies. In line with the global climate goals set out in the Paris Agreement, the private sector is committed to channeling the economic resources needed to make this possible and to identifying the risks to which the economic agents responsible for making investment decisions are exposed.

At COP26, the Glasgow Financial Alliance for Net Zero (GFANZ) announced that over $130 trillion in private capital has been committed to carbon neutrality. Companies, banks, insurers and investors will need to adjust their business models and implement plans to make this transition successful. Additionally, the Net-Zero Banking Alliance, facilitated by UNEP FI, ​​which includes 90 members representing over $60 trillion in assets, is working to accelerate and implement decarbonization strategies. . The alliance, which includes 12 banks from Latin America and the Caribbean, aims to support its members’ efforts to align their investment and lending portfolios with net zero goals by 2050.

Most of these investments will need to go to nationally oriented projects that create opportunities for national development. The COVID-19 crisis has hit emerging markets and developing countries as companies halt production and global value chains are disrupted. For example, Latin America and the Caribbean has been one of the most affected regions, with some countries reporting economic contractions of more than 10% in 2020 which have exacerbated already existing difficulties. Scaling up climate action and scaling up net zero investments could support a sustainable and climate-resilient recovery.

Strengthening climate ambitions in the local financial sector can also be catalytic since it has local knowledge and reach. In addition, we are witnessing the emergence of green products that are resilient to climate impacts; namely, financial instruments related to low-emission projects such as green loans, green bonds, etc.

However, short-term actions will not be enough. These need to be combined with medium/long term ambitions, engagement strategies and roadmaps to implement long term decarbonisation trajectories that could also bring economic and social benefits. It is estimated that the transition to a net zero economy could generate more than 15 million net new jobs by 2030 in Latin America and the Caribbean, according to an IDB-ILO study. In Southeast Asia, a green economy could generate up to $1 trillion in economic opportunity, with new growth sectors contributing 6-8% of the region’s GDP by 2030.

Over the past decade, private international investment in clean energy assets in emerging markets has more than tripled, from $6 billion in 2010 to $28 billion in 2019, according to clean energy asset finance data from Bloomberg NEF. However, this growth in private investment in clean energy assets has only been concentrated in 20 countries. Investment flows to 84 other emerging economies surveyed remained stable, according to the World Bank.

Local climate finance with less risk

Local banks in emerging markets face a variety of challenges: high perception of country risk in some geographies, low credit ratings, fragile balance sheets in some jurisdictions, lack of climate-related knowledge and capacity, limited understanding of new climate technologies , lack of access to global climate capital companies, among others.

A facility providing risk mitigation instruments (blended finance, first loss guarantees, etc.) as well as financial resources for personalized and individualized technical assistance (i.e. increasing local climate finance. Project finance, methodology disclosure, market intelligence, decarbonization pathways, access to global partnerships, etc., are some of these capabilities and tools.

Similar approaches to building strong, bankable pipelines have been successfully implemented in other sectors, such as the Global Infrastructure Facility (GIF), a global collaboration platform that integrates efforts to drive private investment in sustainable infrastructure. The GIF provides funds for technical assistance for the preparation and development of projects which, as of November 2021, had mobilized a total investment of $76 billion, including $52 billion of private investments in more than 56 countries in sectors such as energy, transport and others.

This solution will drive a climate-smart finance system in developing countries and emerging markets by leveraging resources and expertise to help banks build clean portfolios and decarbonize current portfolios. For example, IDB Invest is providing advisory services to Produbanco in Ecuador to define a roadmap to achieve its net zero emissions commitments by 2050. Replicating this approach across the emerging markets banking system will drive the financing own national projects in difficult geographical areas. .

The clean energy shift is key to tackling climate change, but over the past five years the energy transition has stalled.

Energy consumption and production contribute two-thirds of global emissions, and 81% of the global energy system is still based on fossil fuels, the same percentage as 30 years ago. Additionally, improvements in the energy intensity of the global economy (the amount of energy used per unit of economic activity) are slowing. In 2018, energy intensity improved by 1.2%, the slowest rate since 2010.

Effective policies, private sector action and public-private cooperation are needed to create a more inclusive, sustainable, affordable and secure global energy system.

Benchmarking progress is essential to a successful transition. The World Economic Forum’s Energy Transition Index, which ranks 115 economies on how well they balance energy security and access with environmental sustainability and affordability, shows that the biggest challenge facing the energy transition is the lack of preparedness of the world’s largest emitters, including the United States, China, India and Russia. The 10 countries with the highest score in terms of preparedness represent only 2.6% of annual global emissions.

To future-proof the global energy system, the Forum’s Shaping the Future of Energy and Materials platform works on initiatives such as systemic efficiency, innovation and clean energy and the Global Battery Alliance to encourage and enable innovative energy investments, technologies and solutions.

Additionally, the Mission Possible Platform (MPP) works to bring together public and private partners to drive industry transition to put the heavy industry and mobility sectors on an emissions path. net zero. MPP is an initiative created by the World Economic Forum and the Commission for Energy Transitions.

Is your organization interested in working with the World Economic Forum? Learn more here.

In summary, helping local banks define and implement a net zero strategy can be a game-changer for the much-needed energy transition in emerging markets. This will unlock the potential for new projects accelerating net zero ambitions. Overall, the climate capital and expertise are there; however, to expand the equitable distribution of resources, including capital, it is absolutely essential to create local partnerships, and local banks are uniquely positioned to provide that strength and ownership to achieve climate goals.

Ask Eartha: What types of bulbs are right for me?

Although all bulbs share the same function – to light up the dark – some use more energy than others to do so.
Jason Connolly/High Country Conservation Center

Dear Eartha, I heard a rumor that certain types of light bulbs were soon to be banned. Which give?

You heard it right! From 2023, incandescent bulbs will be banned in the United States. And that’s for good reason, because not all light bulbs work as efficiently as the others. Although all bulbs share the same function – to light up the dark – some use more energy than others to do so. In fact, the US Department of Energy estimates that lighting accounts for over 15% of your home’s energy consumption.. We all know energy isn’t free, so investing in energy-efficient lighting can make a noticeable difference to your electricity bill.

But what type of bulb reigns supreme? Read on for an explainer on the different types of light bulbs and why LEDs are still the preferred choice for energy and money savings.



Types of bulbs

There are four common types of bulbs: incandescent, halogen, fluorescent and LED.



The oldest bulbs are incandescent bulbs. Invented in the 19e century, incandescent bulbs are famous for their heat. They produce light by electrically heating a metal filament until it glows. However, 90% of the energy used to power an incandescent light bulb is lost as waste heat, which is not what a light bulb is designed for. After all, it’s a light bulb, not a heating bulb. Plus, these bulbs only last 1,000 hours, which means they need to be replaced quite often. For homes and businesses that have lots of lighting, this can be a time-consuming chore.

Then we have halogen bulbs. Redesigned incandescent bulbs, they look like a light bulb within a light bulb. Halogen lamps last twice as long as incandescent lamps, but they do not offer a significant increase in efficiency and they are still very fragile.

The 20e century brought fluorescent light bulbs to the scene. Unlike incandescent bulbs, fluorescents do not have metallic filaments. Instead, a glass tube is coated on the inside with phosphorus powder and filled with small amounts of mercury and inert gas. Electricity flowing through these gases creates a chemical reaction that produces visible white light.

Initially, fluorescent light bulbs were only used in commercial applications, but the 1973 oil crisis inspired the invention of a fluorescent light bulb for household use – the spiral-shaped compact fluorescent light bulb, or CFL. You may have a few in your house. Fluorescent bulbs can last 10 times longer than fluorescent bulbs and use 75% less energy. This is great for efficiency, but they have an environmental downside. The mercury in these bulbs is detrimental to human and environmental health, so it is imperative that CFL bulbs are disposed of properly. Fortunately, Summit County residents can recycle fluorescent tubes and light bulbs at Summit County Resource Allocation Park. free.

Finally, the latest and greatest lighting technology is the LED, or Light Emitting Diode. LEDs use a semiconductor to convert electricity into light, requiring 90% less energy than an incandescent bulb. This makes LEDs the most energy efficient bulbs on the market. I’ve heard people say they don’t like LEDs because the light is too bright, but that’s no longer true. Today, LEDs come in different shapes, sizes and color temperatures so you can create a warm and welcoming living room or install brighter lights in your office. Because they last so long, LEDs are a big help for hard-to-reach fixtures in your home and for businesses looking to reduce maintenance time and energy costs.

How much do LEDs save compared to your old incandescent lighting? Again, based on Department of Energy statistics, the average US household could save about $225 per year by using LED lighting.. Want to try LED lighting? High Country Conservation Center offers free LED lighting kits to residents to help you start saving energy and money. Pick up yours during regular business hours at the center office at 737 Ten Mile Drive in Frisco.

For businesses and homeowners associations, LED retrofit projects often have remarkably short payback periods while providing better lighting for your space. You do not know where to start ? Join the Center for a Free Lunch ‘N’ Learn Party at HighSide Brewing July 13 from 11:30 a.m. to 12:30 p.m. Attendees will learn about interior and exterior lighting options as well as discounts to help pay for upgrades. For more information and to RSVP, visit HighCountryConservation.org.

Narelle Kipple
High Country Conservation Center / Courtesy Photo

Ask Eartha Steward is written by the staff of the High Country Conservation Center, a nonprofit organization dedicated to waste reduction and resource conservation. Submit your questions to Eartha at [email protected]

Critical Comparison Between Weatherford International (OTCMKTS:WFTIF) and Weatherford International (NASDAQ:WFRD)

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Weatherford International (OTCMKTS: WFTIFGet a rating) and Weatherford International (NASDAQ: WFRDGet a rating) are both small cap oil/energy companies, but which is the better stock? We’ll compare the two companies based on their dividend strength, profitability, risk, analyst recommendations, valuation, earnings, and institutional ownership.

Analyst Notes

This is a breakdown of Weatherford International and Weatherford International’s current ratings, as reported by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Weatherford International 0 0 0 0 N / A
Weatherford International 0 0 4 0 3.00

Weatherford International has a consensus price target of $46.50, suggesting a potential upside of 66.37%.

Profitability

This table compares the net margins, return on equity and return on assets of Weatherford International and Weatherford International.

Net margins Return on equity return on assets
Weatherford International -53.77% N / A -7.53%
Weatherford International -11.04% -36.94% -4.35%

Institutional and Insider Ownership

85.7% of Weatherford International shares are held by institutional investors. By comparison, 93.1% of Weatherford International’s stock is held by institutional investors. 0.4% of Weatherford International shares are held by insiders of the company. By comparison, 0.6% of Weatherford International’s stock is held by insiders of the company. Strong institutional ownership is an indication that endowments, large fund managers, and hedge funds believe a company will outperform the market over the long term.

Valuation and benefits

This chart compares the gross revenue, earnings per share (EPS), and valuation of Weatherford International and Weatherford International.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Weatherford International $5.74 billion 0.00 -$2.81 billion ($0.59) N / A
Weatherford International $3.65 billion 0.54 -$450.00 million ($5.91) -4.73

Weatherford International has lower revenues, but higher profits than Weatherford International. Weatherford International trades at a lower price-to-earnings ratio than Weatherford International, indicating that it is currently the more affordable of the two stocks.

Summary

Weatherford International beats Weatherford International on 6 out of 10 factors compared between the two stocks.

Weatherford International Company Profile (Get a rating)

Weatherford International Plc provides equipment and services to the oil and natural gas exploration and production industry. It operates through two segments: the Western Hemisphere and the Eastern Hemisphere. The Company’s products and services are drilling and appraisal, production, completion and construction of wells. Weatherford International was founded in 1941 and is headquartered in Baar, Switzerland.

Weatherford International Company Profile (Get a rating)

Weatherford International plc, an energy services company, provides equipment and services for the drilling, appraisal, completion, production and intervention of oil, geothermal and natural gas wells worldwide. The Company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lifting systems, including reciprocating rod, progressive cavity pumping, gas, hydraulic, piston and hybrid lifting systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as souring, fracturing, cementing and coiled tubing work; and drill pipe testing tools, surface well testing and multi-phase flow measurement services. The company also provides safety, downhole reservoir monitoring, flow control and multi-stage fracturing systems, as well as sand control technologies and production and isolation packers; liner hangers for suspending casing string in high temperature, high pressure wells; cementing products, including plugs, float and stage equipment, and torque and drag reduction technology for zonal isolation; and pre-construction planning and installation services. In addition, it offers directional drilling services and logging and measurement-while-drilling services; services related to steerable rotary systems, high temperature and high pressure sensors, drill reamers and circulation submarines; rotary control devices and advanced automated control systems, as well as closed loop drilling, air drilling, pressure controlled drilling and underbalance drilling services; open hole and cased hole logging services; and intervention and remediation services. In addition, the company provides tube handling, management and connection services; and re-entry, fishing, wellbore cleanup and abandonment services, as well as proprietary downhole equipment, tube handling equipment, pressure control equipment, and rods and collars drilling. The company was incorporated in 1972 and is based in Houston, Texas.



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Protect solar energy assets from the weather

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The hail warning system combines weather sensors and nowcasting.

By Johan Jacques, meteorological consultant

Republished with kind permission from KISTERS North America, Inc.

According to US Energy Information Administration, between 2020 and 2035, solar energy is expected to grow from 3% to 14% of total energy production in the United States. By 2050, this particular renewable energy source could account for 20%.

Along with this optimistic outlook for clean energy, rainfall events are likely to become more extreme, based on the extensively peer-reviewed Assessment Report 6 (AR6) of the Intergovernmental Panel on Climate Change (IPCC).

Protecting photovoltaic panels against hazardous weather conditions such as extreme winds and hail events will be important for the availability and reliability of solar energy.

Limited period of occurrence, Significant costs

Particularly large hailstones can damage the solar panels, both exterior and interior (micro cracks), resulting in sub-optimal output power efficiency performance. In the long term, the functionality of the panel may deteriorate further as dust or water enters these cracks.

In the northern hemisphere, the period of occurrence is mainly limited to April to September. Some areas are more prone to hailstorms than others. However, many areas of the United States with the greatest potential for solar power generation are the same areas most prone to hailstorms.

Figure 1. The US NWS Storm Prediction Center map shows that Texas, Oklahoma, Kansas and Nebraska are most at risk, with some parts experiencing hailstorms with hailstones >2 inches with a frequency of more than one day per year. Image reproduced with the kind permission of NOAA.

As large hailstorms remain rare, the damage they cause can be very significant. Due to a combination of a historic correction and recent cases in Texas, solar insurance prices are skyrocketing – rising as much as 400% in recent years – to a $1 million deductible and a physical damage limit of 15%.

Previously, insurance policies with a minimum deductible of $100,000 or 5% of the physical damage limit were common. Today, a deductible of $250,000 and a limit of 5% are not uncommon.

Maximum physical damage limits are increasingly being defined in policies instead of full physical damage coverage.

Seeking cost control, utilities are turning to weather data to protect their assets. Providing actionable information increases awareness of potential hail damage and preparation times.

What would you do with up to 3 days notice?

With a forecast time of up to 3 days, operators and field teams can monitor and prepare assets for risk.

The use of Numerical Weather Prediction (NWP) models in addition to several model parameters, instability indices and simulated radar reflectivity can provide indirect indications of hail occurrence. Several good models are available in the public and commercial domain.

freely available statistical models that help to determine the occurrence of hail, source Johan Jacques, KISTERS AG

Table 1. Freely available statistical models that help to determine the occurrence of hail, (Freely available statistical models that help to determine the occurrence of hail, source Johan Jacques, KISTERS AG).

In addition to the classic model parameters, the HRRR (High Resolution Rapid Refresh) model also produces an interesting parameter called GRMAX01, which provides one-hour predictions of the last hour maximum hail/graupel diameter at the surface.

The NAM and HRRR models proposed above are deterministic, while SREF provides ensemble data that can be used to derive the probability of severe weather events. Note: Settings such as jitter/hail (especially for HRRR outputs) are considered experimental.

What would you do with up to 2 hours notice?

With 0 to 2 hours in advance, protective measures can move the solar panels to a safe position, reducing damage from large hailstones. In addition to the aforementioned NWPs, nowcasts—short-term forecasts using observed radars and advanced extrapolation algorithms—based on X-band type polarimetric radar installations can support decisions.

X-band radars typically have a usable radius of 30 to 60 km (19 to 37 mi). Besides the classic parameters such as reflectivity and precipitation intensity, radars provide reliable information on the type of precipitation reaching the surface, including summer hail.

X-band radars also have the advantage of high resolution and high update rate.

By combining precipitation type with nowcasting techniques and applying warning thresholds to this data, a hail early warning system can be established to mitigate damage and increase system resilience.

Figure 2. Example of X-band radar precipitation pattern, set to 125 m resolution. Red pixels indicate areas with large occurrences of hail. (Screenshot of precipitation radar data from X-band radar, set to 125 meter resolution. Red pixels reveal areas with large hail occurrences. | Image source Johan Jacques, KISTERS AG.)

Lessons to be learned from each event

After a storm has occurred, the ability to prove that a large hail has fallen on the utility site becomes crucial. Some parametric insurance based on agreed thresholds is emerging. For example, a policyholder may need to document the presence of hailstones larger than 2″ in diameter.

In addition to the evidence provided by X-band radars, on-site hail sensors are essential. At a minimum, they should provide good statistics on the distribution of hailstone size over time and the number of impacts per hail size class per event.

Figure 3. Distribution of hail diameter over time during a hail event.

Although hail events remain rare, the exponential growth of data from a utility’s weather sensor network, forecast centers and X-band radar providers establishes the need for a reliable platform to display this information, set alarms on conditions and store for event-driven post-analysis.

The KISTERS datasphere not only integrates data from an organization’s monitoring network with forecasts and nowcasts from external sources, but Hyquest Solutions America, a KISTERS Group The company also provides end-to-end hail sensors and nowcasting technology.

As a career meteorologist, Johan Jacques leads the conceptual development of the HydroMaster high-resolution precipitation information service. Working closely with water companies, energy utilities and network operators allows Johan to directly address the needs and frustrations identified by today’s water professionals who require innovative decision support tools. Johan also provides training and technical support to HydroMaster and Datasphere customers and partners.


 

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After coal, does TVA need more natural gas? New study says renewables are cheaper and can be just as reliable

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The Tennessee Valley Authority is proposing to replace its largest coal-fired plant, at least in part, with natural gas generation to reduce both its carbon emissions and operating costs while maintaining reliable electric service.

But environmental groups and TVA’s biggest long-term customer say the federal utility could do more to save money and protect the environment by ditching all fossil fuels in favor of renewable power generation programs, energy storage and energy efficiency.

The latest power battle for TVA focused last week on the environmental review TVA is completing this summer for the future of the Cumberland Fossil Plant. After 54 years of operation as TVA’s largest coal-fired plant, the two-unit Cumberland plant on Lake Barkley is nearing the end of its useful life. To replace part of the aging plant’s 2,470 megawatts of power generation, TVA is conducting an environmental impact study, and in April utility officials said the preferred option was to build a 1,450 megawatt natural gas combined cycle plant on the Cumberland. to place.

The gas-fired plant is expected to reduce carbon emissions to less than a quarter of what the current coal-fired plant emits and the study says it would be “beneficial” to the environment and the reliability of electric service. TVA’s environmental review indicated that a new gas-fired plant would enable the future integration of 10,000 megawatts of solar generation that TVA plans to install by 2035 and help accelerate the retirement of Cumberland’s coal-fired units.

But a new gas plant would require the construction of a 32-mile pipeline and continue at least some carbon emissions into the atmosphere. These greenhouse gases have been linked to global climate change by environmental scientists.

A study commissioned by the Sierra Club calculates that TVA could achieve cheaper and cleaner generation through a combination of solar, wind, battery storage and energy conservation measures. The Sierra Club retained Synapse Energy Economics, Inc. to model the TVA system and the study found that a clean portfolio approach would save TVA $3 billion more over the next two decades than the construction of new gas generation to replace part of the Cumberland coal-fired power station.

The 32-page economic analysis says building gas to replace coal is “risky,” as falling costs of renewable energy generation and electricity storage and rising natural gas prices will likely make unprofitable and useless gas power plants in the future.

“Any new gas-fired capacity built over the next decade will likely result in stranded assets in which a generator with remaining depreciable life has been rendered uneconomical to consumers,” the Synapse Energy study concluded. “This discovery supports resource planning that provides solar, wind, storage and energy efficiency as early as possible in the 2020s.”

The study says that for TVA to meet White House goals of building a carbon-free electric system by 2035, the federal utility must “act decisively to retire existing coal, minimize reliance on new gas, and commit to increasing volumes of renewables, storage and demand.” – secondary resources.

“Synapse, a well-respected energy analytics company, has discovered what we’ve long thought: TVA can quickly transition from coal-fired power plants to renewable energy to better meet its charter for environmental stewardship and affordable energy for the Tennessee Valley.” Amy Kelly of the Sierra Club’s Beyond Coal campaign, said in a summary of the new study.

TVA STUDY EVERYTHING ABOUT GAS RELIABILITY

TVA received final public comments last week on the future of its Cumberland fossil plant. TVA’s preliminary conclusion was that some natural gas production is required at the site to help ensure electricity delivery when the sun is not shining, the wind is not blowing or other TVA power plants may be inactive due to weather, refueling or equipment issues.

To meet winter peak demands on frigid winter mornings before the sun rises and solar generation begins, power generation is needed that can be quickly put on the grid. TVA plans to add more batteries and potentially more hydro-pumped storage generation, but these are not yet as profitable as gas-fired combined-cycle plants, according to TVA President Jeff Lyash.

“We’re moving towards a cleaner system, but we’re careful not to sacrifice power supply reliability or resilience,” Lyash said in an interview with The Times Free Press earlier this year. “It is in all of our interests to remember that in addition to being clean, the system must be affordable, reliable and resilient. If you sacrifice any of these, it is not a sustainable solution. “

For more than two decades, TVA has delivered its electricity more than 99.999% of the time, avoiding major power outages like those that left 4.5 million people without power last year during a winter storm in Texas or the Northeast and Midwest blackout in 2003 that cut off power to 50 million Americans.

TVA currently generates around 26% of its electricity from natural gas-fired power plants, but most of TVA’s electricity now comes from relatively carbon-free nuclear power, hydroelectric dams and solar parks.

KEEP LIGHTS ON FOSSIL FUEL FREE

Environmental groups and others argue that with more energy efficiency programs, time-of-day pricing plans and investment in energy storage facilities, TVA can transition to a carbon-free portfolio. without sacrificing reliability.

“A diverse, customer-focused clean energy system is a win-win,” said Maggie Shober, director of research at the Southern Alliance for Clean Energy, in a statement submitted to TVA on Cumberland’s future. “This lowers customer bills, reduces pollution and greenhouse gas emissions, and improves resilience to extreme weather conditions. TVA must embrace a clean energy portfolio to replace Cumberland rather than lock customers into ever-volatile fossil fuels.

Shober said TVA has the second-highest planned gas development of any major utility with 4 gigawatts of new gas capacity planned by 2030.

“TVA is horribly irresponsible,” Sudeep Ghantasala of the Sunrise Movement Nashville chapter said in an announcement of the group’s opposition to TVA’s plans for more natural gas production. “The permitting process for the gas pipeline started months ago. TVA claims it was to speed up the process if they chose the gas-fired combined cycle plant. Why didn’t they start the same process for the solar alternative, and better yet, looked at distributed solar power, energy efficiency and demand response that could kick in earlier and even reduce demand for large-scale projects?”

Robin Brandon, a retired TVA shift operations manager who is now mayor of Stewart County where the Cumberland Fossil Generating Station is located, said he thinks most local residents understand that the coal-fired power plant in 54 years old is nearing the end of its useful life and will eventually be closed.

“We are concerned about the job losses that the Cumberland closure will cause, but we understand that natural gas will likely continue to produce there, retaining some jobs and our VAT-equivalent payments,” Brandon said during the interview. ‘a telephone interview.

But earlier this month, TVA’s largest long-term customer, Nashville Electric Service, and Nashville Mayor John Cooper sent letters and resolutions to TVA urging the federal utility to pursue renewable fuels. rather than natural gas to replace the electricity generated by the Cumberland Fossil Plant when the coal facility is shut down.

“Any plan that would establish a new gas pipeline or draft Nashville into decades of carbon-polluting methane is unacceptable,” Cooper wrote in the letter to TVA. “The City of Nashville is calling on TVA to be a leader in addressing the existential threat of climate change.”

Contact Dave Flessner at [email protected] or 423-757-6340. Follow on Twitter at @dflessner1

Southern Nevada Water Authority conservation efforts highlighted as model of drought response – The Nevada Independent


Sen. Catherine Cortez Masto (D-NV) and Southern Nevada Water Authority (SNWA) Chief Executive Officer John Entsminger shed light during a Senate hearing on the conservation programs the agency has implemented to reduce water use that could help other western states deal with historic drought.

“I think conservation is key here and plays a big part in the story of what we did in Nevada,” Cortez Masto said.

His comments came during a Senate Energy and Natural Resources Committee hearing Tuesday on solutions to the raging drought in the western United States.

Entsminger said Nevada has shown that conservation can help preserve remaining water.

“The solution to this problem — and by solution I don’t mean filling the reservoirs but rather avoiding potentially catastrophic conditions — is a degree of demand management previously considered unattainable,” Entsminger said. “Nevada’s efforts are a good example of that.”

Despite a population increase of 800,000 people over the past two decades, the region’s water consumption last year remained 26% lower than it was at the turn of the century, it said. he said, an achievement attributed to “paying customers to replace weed with drip.” irrigated plants, setting mandatory irrigation schedules and strictly enforcing waterways.

SNWA began its conservation efforts in 2002, still the driest year in the recorded history of the Colorado River, the source of water for the southern part of Nevada, when only 25% of normal inflows arrived. This is when the agency launched its Water Smart landscape. program, which pays companies $3 per square foot of grass removed and replaced with drip-irrigated plants and trees, up to 10,000 square feet per year, and $1.50 per square foot per the following.

“We have now extracted enough sod in the Las Vegas Valley to lay an 18-inch-wide piece of sod all the way around the circumference of the globe,” Entsminger said.

SNWA also has a tiered rate structure so that those who use more water pay more for it and the funds go to conservation programs.

Nearly 93% of the West is experiencing drought or abnormally dry conditions, and more than 70% of the western United States is experiencing severe or extreme drought conditions, Bureau of Reclamation Commissioner Camille Touton noted. during the hearing, citing the US Drought Monitor.

The drought has wreaked havoc on the Colorado River, which supplies water to southern Nevada — SNWA serves about 2.2 million Nevada residents — as well as six other states and Mexico. The river empties into Lake Mead on the Nevada-Arizona border. The lake is the largest reservoir in the country, but it has reached its lowest level since the 1930s and is only about 28% full.

Touton said the drought will force states to cut between 2 million and 4 million acre-feet of water use next year. The Bureau of Reclamation called on the seven states, which divide a total of about 15 million acre-feet, to reach an agreement on the distribution of the cuts by August, when the bureau releases its projections used to define the annual operations for Lake Powell and Lake Mead.

But Entsminger said Nevada is well positioned to absorb those cuts, given the state’s conservation programs. The governor enacted legislation last year to replace ornamental turf.

In 2021, southern Nevada consumed 242,000 acre-feet of Colorado River water, and SNWA expects to use about that much in 2022, according to SNWA spokesman Bronson Mack. The figure is lower than the state’s 300,000 acre-feet annual allocation and lower than the 279,000 acre-feet allocated to the state following drought-induced cuts implemented earlier this year. .

SNWA also updates its 50-year water needs assessment every year. The authority predicts that Southern Nevada’s population will grow from its current 2.5 million to 3.8 million by 2076. The state uses about 112 gallons per person per day and predicts it will have to reduce that to 86 gallons by 2036 to accommodate growth.

Evapotranspiration bill

But Entsminger added that conservation alone will not be enough. Nevada’s water allocation is the smallest among the seven states, about 1.8%. Agriculture is the biggest user and industry must play its part, Entsminger said.

About 80% of the water in the Colorado River is used for agriculture and 80% for forage crops like alfalfa.

“I’m not suggesting that farmers stop farming, but rather that they carefully consider crop selection and make the necessary investments to optimize irrigation efficiency,” Entsminger said.

“The burden of scarcity cannot be borne by any single community or sector,” he continued. “To the contrary, I urge every user of the Colorado River to follow our example and do all they can to preserve what remains of the lifeblood of the Southwest. Our collective future depends on it.

One tool supported by Entsminger is data usage. He called for legislation introduced by Cortez Masto that would establish a program within the U.S. Geological Survey that uses publicly available data from satellites and weather stations to provide estimates of evapotranspiration ( AND).

ET is a measure of water transferred from the earth to the atmosphere, often accounting for the largest share of water use in arid environments. Rep. Susie Lee (D-NV) introduced a House version of the measure, the Open Access Evapotranspiration Data Act, called the OpenET Bill.

“Working for a water utility, we strongly believe that you can’t manage what you can’t measure and the OpenET bill will give us the tools to measure exactly where water is being consumed,” Entsminger said.

During the hearing, Maurice Hall of the Environmental Defense Fund said that even if ET data were available, the bill would make it more accessible to water decision-makers, from ranchers to state officials.

“It puts that data in everyone’s hands so that we can start looking at the same data, diminish the arguments about whether this method is a little bit better, or this method is a little bit better, and converge on one piece of information. that we can all use and understand how it affects water decisions,” Hall said.

The Senate approves a burning measure

The Senate has approved legislation to provide medical care to an estimated 3.5 million veterans exposed to toxic fumes from burning fireplaces, used primarily in Iraq and Afghanistan to dispose of trash and waste.

That bill was approved 84 to 14. Cortez Masto and Sen. Jacky Rosen (D-NV) backed the measure, which will cost about $280 billion over 10 years.

The House, which approved a burn pit bill in March, is expected to consider the Senate legislation as early as next week.

Nevada is home to more than 200,000 veterans, most of whom fought in the Vietnam War and Middle Eastern wars.

The bill would provide so-called presumptive status for 23 toxic exposure-related conditions on the Department of Veterans Affairs (VA) list of service-related presumptions.

Presumptive status allows veterans applying for disability benefits to waive certain documents and medical exams to prove injuries and illnesses caused by their time in the military.

The bill also extends presumptive status to hypertension and monoclonal gammopathy of undetermined significance (MUGS) associated with Agent Orange exposure. MUGS can cause some forms of blood cancer. Agent Orange is a defoliating herbicide used during the Vietnam War. The bill also extends eligible Agent Orange exposure to veterans who served in Thailand, Cambodia, Laos, Guam, American Samoa and Johnston Atoll.

House passes inflation response bill

The House approved legislation to reduce the cost of food and gas. The measure was approved 221 to 204, with just seven Republicans voting in favor of the bill. He is unlikely to get enough GOP support to advance to the Senate.

All members of the Nevada Democratic House voted for the bill. The bill’s approval comes as inflation rose 8.6% between May 2021 and May 2022, according to the Bureau of Labor Statistics, the biggest increase since 1981.

The measure bundled a series of bills, including legislation to provide $500 million to farmers for rural broadband and precision farming and technology to help use fertilizers more efficiently.

Another provision aims to increase competition among meat packers by establishing a loan program for new and expanding meat processors and providing grants to increase jobs or purchase new equipment.

The package would also reduce high gas prices by allowing the sale of ethanol, a liquid fuel made from corn, to be strong year-round. The Environmental Protection Agency bans the sale of ethanol in the summer due to smog concerns. But President Joe Biden lifted the ban on summer ethanol sales in April. The bill would repeal the ban permanently.

For a full look at the measures delegates supported or opposed this week, see The Nevada IndependentCongressional vote tracking and other information below.

SEN. Jacky Rosen

Co-sponsored legislation:

S.4389 – Commission of Inquiry (COI) Elimination Act to make it United States policy to seek abolition of the targeted and biased investigation of the Human Rights Council Commission of Inquiry United Nations (UNHRC) against Israel, and to withhold funding to eliminate the IOC.

REPRESENTING. DINA TITUS

Co-sponsored legislation:

HR 8118 – Prohibit the purchase, possession, or possession of enhanced body armor by civilians, with exceptions.

HR 8105 – Require small, medium, and large airport hubs to certify that airport service workers are paid prevailing wages and benefits, and for other purposes.

HR 8100 – To amend Title 38, United States Code, to enhance the authority of the Secretary of Veterans Affairs to hire psychiatrists.

HR 8072 – To review the qualification for termination of former State Department employees who were terminated due to those employees’ sexual orientation and for other purposes.

HR 8051 – Amend the Internal Revenue Code of 1986 to impose an additional 1000% excise tax on the sale of large capacity ammunition feeders and semi-automatic assault weapons, and to others purposes.

REPRESENTING. AMODEI BRAND

Co-sponsored legislation:

HR 8100 – To amend Title 38, United States Code, to enhance the authority of the Secretary of Veterans Affairs to hire psychiatrists.

REPRESENTING. SUSIE LEE

Co-sponsored legislation:

HR 8111 – To protect the confidentiality of personal reproductive or sexual health information, and for other purposes.

HR 8077 – To include reasonable costs of high-speed Internet service in utility allowances for families residing in public housing and for other purposes.

OGE Energy (OGE) Stock Tumbles as the Market Rises: What You Need to Know

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OGE Energy (OGE) closed at $35.01 last trading session, marking a -0.54% move from the previous day. This change lagged the S&P 500’s 0.22% gain on the day. Elsewhere, the Dow Jones lost 0.13%, while the tech-heavy Nasdaq added 0.26%.

Prior to today’s session, shares of the energy services company had lost 11.54% in the past month. This was lower than the Utilities sector’s 8.49% loss and the S&P 500’s 8.32% loss during this period.

Wall Street will be looking for positivity from OGE Energy as its next earnings release date approaches. In that report, analysts expect OGE Energy to post earnings of $0.43 per share. This would mark a year-over-year decline of 23.21%.

Any recent changes in analyst estimates for OGE Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive externally audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection has remained stagnant. OGE Energy currently has a Zacks rank of #3 (Hold).

Given its valuation, OGE Energy has a Forward P/E ratio of 16.37. For comparison, his industry has an average Forward P/E of 17.58, meaning OGE Energy is trading at a discount to the group.

Additionally, it is worth mentioning that OGE has a PEG ratio of 4.72. The PEG ratio is similar to the widely used P/E ratio, but this measure also takes into account the company’s expected earnings growth rate. The Utilities – Electricity industry currently had an average PEG ratio of 3 at yesterday’s close.

The Utilities – Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 144, which places it in the bottom 44% of all 250+ industries.

The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to track all of these stock movement metrics, and more, at Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Research Reports for Pfizer, Booking and Dominion Energy – June 17, 2022

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Friday, June 17, 2022

Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Pfizer Inc. (PFE), Booking Holdings Inc. (BKNG) and Dominion Energy, Inc. (D). These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.

You can see all research reports from today here >>>

Pfizer Shares have outperformed the industry Zacks Large Cap Pharmaceuticals over the past year (+27.6% vs. +14.0%), reflecting the company’s diverse portfolio of innovative drugs and vaccines, including Ibrance and Prevnar . The Zacks analyst believes that no company is as strongly positioned in the COVID vaccine/treatment market as Pfizer at present. Its COVID-19 vaccine has become a key revenue contributor.

The vaccine combined with Pfizer’s promising oral antiviral pill for COVID-19, Paxlovid, is expected to generate combined sales of $54 billion in 2022. Pfizer has a sustainable pipeline with several late-stage programs that can stimulate growth.

However, currency headwinds and pricing pressure are the main revenue headwinds. Concerns remain about long-term growth drivers beyond its COVID-related products due to competitive pressure.

(You can read the full research report on Pfizer here >>>)

Reservation Shares are down -15.6% over the past year against Zacks Internet – Commerce’s -48.7% industry decline due to steadily improving booking trends. That said, the Zacks analyst sees uncertainty over the economic outlook and the ongoing coronavirus pandemic as a headwind.

In addition, the company is experiencing strong momentum in international regions, which is positive. In addition, the strong growth in rental cars, air ticket units and booked nights is another positive element. That aside, the strong momentum in agency, merchant, advertising, and other businesses is contributing well. The ongoing vaccination campaign and the lifting of travel restrictions in many parts of the world remain major tailwinds. In addition, the strengthening of alternative accommodation activities and flight capacities is a major asset.

(You can read the full research report on Booking here >>>)

Dominion Energy shares have slightly outperformed industry Zacks Utility – Electric Power over the past year (+1.9% vs. +1.6%). The company’s planned investment will strengthen electricity and natural gas infrastructure and ensure consistent high-quality services for customers. The contribution of organic and inorganic assets will increase its income. The divestiture of gas transmission and storage operations will increase Dominion Energy’s focus on regulated operations. New clean energy projects will help it achieve carbon neutrality by 2050. The company has enough cash to meet its obligations. Over the past six months, Dominion shares have outperformed the industry.

However, Dominion Energy’s decision to shut down the Atlantic Coast Pipeline after investing billions of dollars will affect the long-term outlook. Risks related to the operation of nuclear power plants and any failure of third-party producers in gas supply could affect profitability.

(You can read the full research report on Dominion Energy here >>>)

Other noteworthy reports we feature today include TotalEnergies SE (TTE), Marriott International, Inc. (MAR) and Nutrien Ltd. (NTR).

Sheraz Mian

Director of Research

Note: Sheraz Mian leads the equity research department at Zacks and is a well-known expert on overall earnings. He is frequently quoted in the written and electronic press and publishes the weekly Earnings Trends and Revenue overview reports. If you would like to receive an email notification whenever Sheraz publishes a new article, please click here>>>

Daqo New Energy Corp. (NYSE:DQ) Receives Consensus “Buy” Rating from Analysts

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Daqo New Energy Corp. (NYSE:DQ – Get Rating) has been assigned a consensus rating of “Buy” by the seven research firms that currently cover the company, Marketbeat.com reports. Three analysts rated the stock with a hold recommendation, two gave the company a buy recommendation and one gave the company a strong buy recommendation. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $81.03.

DQ has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Daqo New Energy from a “buy” rating to a “strong buy” rating in a Thursday, May 26 research report. TheStreet upgraded Daqo New Energy from a “c+” rating to a “b-” rating in a Friday May 6 research note. Finally, JPMorgan Chase & Co. upgraded Daqo New Energy from a “neutral” rating to an “overweight” rating in a Wednesday, May 4 research report. They noted that the move was a review call.

A number of large investors have recently increased or reduced their stakes in DQ. BlackRock Inc. increased its position in Daqo New Energy by 23.7% during the fourth quarter. BlackRock Inc. now owns 4,988,438 shares of the semiconductor company worth $201,133,000 after purchasing an additional 954,938 shares during the period. Invesco Ltd. raised its position in Daqo New Energy by 31.3% in the fourth quarter. Invesco Ltd. now owns 3,127,082 shares of the semiconductor company valued at $126,084,000 after purchasing an additional 745,728 shares in the last quarter. Vanguard Group Inc. increased its position in Daqo New Energy by 0.9% in Q1. Vanguard Group Inc. now owns 2,147,973 shares of the semiconductor company valued at $88,753,000 after buying 19,268 additional shares in the last quarter. State Street Corp increased its stake in Daqo New Energy by 35.3% in the 4th quarter. State Street Corp now owns 1,521,522 shares of the semiconductor company worth $61,409,000 after purchasing an additional 397,253 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Daqo New Energy by 37.1% during the 4th quarter. Handelsbanken Fonder AB now owns 1,212,935 shares of the semiconductor company worth $48,906,000 after buying 328,414 additional shares in the last quarter. Hedge funds and other institutional investors own 70.99% of the company’s shares.

NYSE DQ shares opened at $53.97 on Friday. The company has a market capitalization of $4.02 billion, a price-earnings ratio of 3.42 and a beta of 0.72. The stock’s 50-day moving average is $46.82 and its two-hundred-day moving average is $43.93. Daqo New Energy has a 1-year low of $32.20 and a 1-year high of $90.48.

Daqo New Energy (NYSE:DQ – Get Rating) last reported quarterly earnings data on Thursday, April 21. The semiconductor company reported EPS of $6.99 for the quarter, beating analyst consensus estimates of $6.29 by $0.70. The company posted revenue of $1.28 billion in the quarter, versus a consensus estimate of $1.15 billion. Daqo New Energy achieved a return on equity of 50.40% and a net margin of 44.72%. During the same period a year earlier, the company posted earnings per share of $1.08. Analysts expect Daqo New Energy to post EPS of 22.63 for the current year.

Daqo New Energy said its board launched a stock repurchase plan on Wednesday, June 1 that allows the company to repurchase $0.00 in stock. This repurchase authorization authorizes the semiconductor company to repurchase its shares through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Daqo New Energy Company Profile (Get a rating)

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic manufacturers in the People’s Republic of China. Its products are used in ingots, wafers, cells and modules for solar energy solutions. The company was previously known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.

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Microgrids get ahead amid energy drama

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Eight communities selected to test microgrids could be safe from the threat of blackouts and bill shocks.

But keeping the power going after devastating bushfires was a driving motivation for Bjorn Sturmberg, technical manager of the solar and battery project.

Microgrids, using a mix of renewables and energy storage, are small grids that can be independent from the main grid. They are becoming an increasingly vital option for regional and remote communities.

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Firestorms lead to outages that cut off access to cash, shut down gas and diesel tanks, cut off vital health care, and eliminate air conditioning and refrigeration for homes and businesses.

The Australian National University’s Battery Storage and Grid Integration Program selected eight communities on the New South Wales south coast for the federally funded pilot program.

Bodalla, Broulee, Central Tilba and Tilba Tilba (working together), Congo, Mystery Bay, Nelligen, South Durras and Tuross Head will connect and provide guidance to regional communities across Australia.

“We hope this approach will inspire other regional projects, policy makers and funders,” said Dr Sturmberg.

The sites selected are all vulnerable with a history of outages, high residential occupancy rates rather than empty holiday homes, many elderly people, people with disabilities and many rooftop solar panels already installed which can connect to a community battery.

“As new technologies are considered, we need to make sure we solve the problems the technology is meant to solve, taking into account local priorities,” said social scientist Hedda Ransan-Cooper.

“So if the overall goal is for grid-connected microgrids to build regional resilience, we really need to consider the differences between communities, in terms of who lives there and what infrastructure is already there.”

In addition to the ANU, project partners include the Southcoast Health and Sustainability Alliance which initiated the project, network company NSW Essential Energy and Canberra-based electricity software company Zepben.

Alliance President Kathryn Maxwell said decentralizing energy systems makes sense to keep energy affordable.

The team looked at issues such as “consultation fatigue” after extensive investigations into the Black Summer fires, cultural and ethnic diversity, and the layout of the city and existing power grid.

Various micro-grid designs, ranging from backup power for community shelters and essential services to large systems serving the entire community, will be tested.

“Now that this project is focused on these areas of Eurobodalla, we can begin to understand what this energy system might look like from a community perspective,” Ms Maxwell said.

“Generating and consuming electricity locally will also have significant economic benefits in terms of employment and keeping local money.”

Selected sites include small communities with fewer than 100 residents, medium townships with around 300 residents, and larger towns with 2,000 residents.

Network company Essential Energy said the announcement of the eight sites was an important step in understanding how technology can best support different communities.

“Microgrids will no doubt be part of our larger future grid to help local communities work together to access more resilient, cleaner and cheaper energy,” said Luke Jenner, COO.

Energy security | Philstar.com

We have always been in energy insecurity. We were working on energy security in the aftermath of the energy crisis of the 70s and 80s, but we were only 50% successful. Then with EDSA, we forgot that this was still an urgent problem.

When I joined PNOC in the late 1970s, we were reeling from the lasting effects of the Arab oil embargo and rapidly rising oil prices. The Arabs wanted to punish the West for supporting Israel during the Yom Kippur War.

With the embargo, the price of a barrel of oil has quadrupled. On top of that, they also limited what western oil companies could get.

We were then totally dependent on Caltex, Esso and Shell for all our oil needs. When their oil producers’ allowances were cut, their allocations to us were also cut under what they called “the equal misery formula”.

Then the Arab oil producers focused on us because the Marcos administration was supposed to mistreat Muslims in Mindanao.

When the first oil crisis hit us, we were 96% dependent on oil for our energy needs. The rest comes from some hydroelectric dams. Our mission was to diversify the geographical sources of our oil needs as well as to develop all domestic energy sources.

There was no inventory of energy resources available in the country. The first years were spent building this list, using domestic oil, geothermal, coal, hydroelectricity and unconventional energy sources like solar, wind and biogas. Every little account.

The emergency program has begun to bear fruit. A few small but commercially viable reserves have been discovered off Palawan… Nido, Cadlao and Matinloc. These fields produced oil but were too small for our needs.

Union Oil of California produced geothermal power at Tiwi and Makiling-Banahaw. PNOC started with a 3 MW pilot plant in Tongonan, Leyte and quickly became a major producer. Eventually we also produced in Mt Apo and Negros Oriental. In the end, we were the second largest geothermal producer in the world.

We secured the oil supply through diplomacy. To ensure that our oil shipments arrive on time and are not diverted, we have developed our own fleet of tankers, including two VLCCs or Very Large Crude Carriers.

But our foreign exchange reserves were fragile. So we came up with a plan to ration oil, in case we couldn’t afford to buy everything we needed.

We were ready to leave, with ration coupons already printed. Instead, we decided to start with an energy saving program or what we called enercon.

It had two components: an information campaign aimed at convincing our people not to waste energy and a series of directives prohibiting, among other things, the importation of luxury vehicles reputed to be energy guzzlers. The DTI has also imposed energy efficiency standards with which appliance manufacturers must comply.

We were doing a lot of R&D on unconventional energies. We have worked with piggeries to test biogas. We earned the ire of motorists in Bacolod where we first tested alcogas on the road. Our mixture did their engines a disservice.

Truckers laughed at us when we forced them to use coco diesel. They said they had to bring two toothbrushes when they went on a trip, one for their teeth and the other to brush the coir particles that gum up their engines. But at least their exhaust smells like the latik we put on the suman.

Energy security in our context now means not having to use oil as a fuel. Oil should increasingly be considered for its higher value uses such as petrochemicals.

The good news is that our electricity sector, the biggest consumer of energy, has been weaned off bunker fuel and diesel. The only big problem was the transport sector which remained completely dependent on diesel and gasoline.

This is where we are today. We are now worried about energy security because our jeepneys and our buses and our cars still use petroleum fuels whose prices are exploding.

This vulnerability should have been addressed by electrically powered mass transit train systems.

Indeed, DOTr could have used electric vehicles today in its jeepney retrofit program. I understand that private transport operators who have switched to electric vehicles are happy not to be affected by high diesel prices.

There are proposals to buy cheap Russian oil. But it is a solution that poses even more serious problems.

There’s a reason there are few takers for Iranian and Russian oil these days, even with the deep discounts. We risk being sanctioned and our banks expelled from SWIFT. We will eventually limit ourselves to Russia and China for our trading partners. OFWs may have problems sending funds to their families here.

There are other proposals to strengthen energy security. The constitution of a strategic oil reserve is one of them. But neither the government nor the oil companies can be inclined to finance this. It is also only a buffer in the event of a severe oil supply disruption rather than a price stabilization tool.

Dumping oil deregulation will not lower prices at the pump. We still have to pay international market prices for imported oil.

A government study concludes that price regulation is not effective for net oil-importing countries with a small global market share such as the Philippines.

“Small importers are simply too small to influence the impacts of these major events on the market price. This is why the regulation of domestic prices is difficult. The deregulation policy aims to avoid the cost of defending misaligned prices.

Energy security means we need to invest more in renewable energy like solar power and the batteries associated with it. Geothermal is good, but it seems that we have developed everything that Mother Nature gave us. Convince the native tribes to let us develop our vast hydroelectric resources.

First Gas is talking about using hydrogen for its power plants. A week ago, researchers from a Norwegian university had for the first time operated a gas turbine using pure hydrogen as fuel.

We need a comprehensive plan that can deliver quickly. Our economy should not be constrained by this energy dependence on imported oil. It’s so yesterday.

Boo Chanco’s email address is [email protected]. Follow him on Twitter @boochanco

US Senate candidate Dr. Mehmet Oz visits Reynoldsville | Local

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REYNOLDSVILLE – Dr. Mehmet Oz, Republican candidate for the United States Senate, visited Reynoldsville on Tuesday afternoon, making an appearance at Staar Energy Services.

Daryl Price, Vice President of Business Development at Staar, attended an Energy Industry Roundtable, hosted by Oz to better understand the industry. While there, Price mentioned that Oz would be welcome at Staar if he was ever in the area.

“I think a few years ago you wouldn’t have seen a political event in a business,” Price said. “Staar is a much bigger operation than most people realize.”

Price wanted to involve the community in government activities and said he finds it important to involve their partners and show they believe in the energy industry. Oz aligns himself with this mission, saying he believes the future of the state lies in natural energy.

“I believe the future of this wonderful Commonwealth and for our country is to use the natural energy we have under our feet here in Pennsylvania, both to uplift communities that otherwise suffer, to relieve some of the prices of gas – more than five years. dollars on average now, and it will also reduce inflation,” Oz said.

Oz grew up in South Philadelphia, in Kennett Square, and is the son of an immigrant family from Turkey. He then went to medical school at the University of Pennsylvania Medical School and Wharton Business School, where he earned a joint Ph.D. and MBA.

Oz called himself an outsider because he doesn’t like to follow “the way everyone does” something. He spoke of the difficulties he faced getting his devices into surgery due to regulations and the pushback he faced when he challenged conventional medicine for his patients.

“I’ve competed against big pharma, big tech and big agrichemical companies. I went after the US government. I fought those battles,” Oz said. “But (I realised) with my wife, Lisa, we weren’t going to bed at night anymore angry at everything that was happening in our country.”

Oz shared several of his key points he is focusing on as it relates to state government and the country as a whole, during his Reynoldsville commencement address.

“I want a Washington that is all about Pennsylvania and all about America. I want a Washington that is committed to lowering inflation and making the tough decisions so that we cut reckless spending, stop throwing money at problems. I want a Washington that is into energy policy, stop pretending you care about the energy sector unless you really care,” Oz said. “I want a Washington that makes sure our streets are safe. I want a Washington that is committed to keeping our border secure…I want a Washington that is committed to making sure everyone has access to affordable care. I want a Washington that ensures our young people are educated appropriately and with the right values ​​and have a chance to succeed in America…I want a prosperous, strong, and powerful America.

He then answered several questions from the audience on various campaign topics such as his views on the education system, health insurance, and manufacturing in the state.

Responding to a question about education from Jeff Tech director Barry Fillman, Oz said he would take the money from the Department of Education and return it to local communities so they can spend the money.

“Where (the money) should be sent back to local communities who can spend their money better than I can spend your money. I can’t start spending your money as wisely as you can spend it,” Oz said.

He encouraged the public to speak with others in their lives about his campaign and have them check out his website for all of his campaign positions.

Oz then stayed at the facility to take photos with everyone and have more one-on-one conversations with those in attendance.

Oz, who beat David McCormick following a recount in the Republican primary, will face Democrat John Fetterman in November to have Pennsylvania’s U.S. Senate seat vacated by incumbent GOP Senator Pat Toomey.

BHP to keep New South Wales Energy Coal project after failing to find buyer

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A small toy figurine and a mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/

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June 16 (Reuters) – Global miner BHP Group Ltd (BHP.AX) said on Thursday it would keep its New South Wales Energy Coal (NSWEC) project because it could not secure a viable bid for it, after having announced a two-year deal earlier. review process for this.

BHP is seeking to exit some of its lower-grade metallurgical coal and energy coal assets and has since divested its stakes in the BHP Mitsui Coal and Cerrejón projects over the past year.

“Mt Arthur Coal has been economically difficult for several years and despite recent price strengthening we know it is a complex well to mine,” said Adam Lancey, vice president of NSW Energy Coal at BHP.

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NSWEC includes the Mt Arthur coal workings near Muswellbrook, New South Wales.

The company will now keep the NSWEC project and close it in 2030, he said, adding that the closure and rehabilitation of the project site is expected to take another 10 to 15 years.

It had made a provision of $700 million for the closure of the mine by December 31, 2021.

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Reporting by Harshita Swaminathan; Editing by Rashmi Aich

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Energy companies must reduce the carbon intensity of their products – Woodside CEO

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The exhibition stand of Australian group Woodside Energy is displayed at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File Photo

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NEW YORK, June 15 (Reuters) – Energy companies must reduce the carbon in their products and prioritize the development of hydrogen-based fuels, Meg O’Neill of Woodside Energy Group (WDS.AX) said on Wednesday.

“We need to start offering our customers products that are lower in carbon intensity than where we sell them today,” O’Neill told Reuters on the sidelines of the Reuters Global Energy Transition conference in Brooklyn, New York. .

Woodside is the largest independent natural gas producer in Australia, where it has two hydrogen projects underway. An American project in Oklahoma aims to produce liquid hydrogen for long-haul vehicles.

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She said the company was in talks with customers in the United States, Japan and South Korea about possible uses for hydrogen and ammonia products.

“We are doing our shareholders no favors if we build factories and no one buys our products from us,” she said.

The company recently completed its merger with the oil arm of BHP Group, giving it a 100% stake in the $5.7 billion Scarborough natural gas project it is developing off the coast of Western Australia. .

O’Neill said the company is still looking to divest a stake in the project. Talks on the sale to Chinese national oil companies have been suspended due to strained bilateral diplomatic relations.

She said the company was talking with “non-Chinese” buyers but wouldn’t be more specific.

The Perth-based company plans to be net zero by 2050, if not sooner, O’Neill said, and to invest $5 billion in new energy by 2030.

“We have very clear plans to move from a pure oil and gas player to a company that provides a variety of energy sources,” including low-carbon and zero-carbon energy sources, he said. she declared.

Woodside is also investing in ammonia production. O’Neill said the company could produce ammonia in Australia and ship it to Japan and Korea for power generation, similar to liquefied natural gas (LNG) produced by Woodside.

Some power plants can use up to 20% ammonia as fuel, O’Neill said, and Woodside and its customers are studying whether plants can handle 50% or more ammonia fuel.

“We have a very clear capital allocation framework with very specific targets for oil, natural gas and new energy,” O’Neill said, noting that the company expects an oil project yields 15%, a gas project 12% and new energy. project 10%.

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Reporting by Stephanie Kelly and Scott DiSavino; Editing by Richard Chang and Chris Reese

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Azerbaijan becomes a major energy exporter

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By trend

The capacity and potential of the energy system are essential factors for the energy security of each country, reports Trend.

The measures taken over the past 19 years to modernize Azerbaijan’s energy sector were mainly aimed at providing citizens with sustainable electricity.

The participation of Azerbaijani President Ilham Aliyev in the inauguration of a new 110/35/10 kV electricity substation and a general management center of the digital network belonging to Azerishig OJSC on June 10 in Baku confirms the sustainability of the measures aimed at modernizing the country’s energy economy. In addition, the new substation, built near Fuzuli Square in the Yasamal district of the capital, was built to meet Baku’s rapidly growing electricity demand, as well as to ensure the reliability of energy supply. .

The commissioning of Yashma Junction Substation on February 8, 2022, as well as Gobu Substation and 385 megawatt Gobu Power Station of Gobu Energy Junction on February 11, 2022, attended by of President Ilham Aliyev, were of interstate strategic importance.

In addition, the inauguration of Agdam-1 and Agdam-2 substations, the Center for Digital Management of the Karabakh Regional Electricity Network and the Aghjabadi substation portends that 2022 will make a significant contribution to the improvement of the energy system.

Infrastructure projects aimed at increasing generation capacities are particularly essential to improve the business and investment environment in the country and meet the growing needs of commercial entities for electricity. The implementation of vital energy projects since 2003, the construction of more than 30 new 3,000 MW power plants have improved the country’s energy supply.

Thanks to the special attention of President Ilham Aliyev, the overall production capacity of the Azerbaijani energy system has reached 8,000 MW, which has made the country an energy exporting country. Astara, Nakhchivan, Shaki and Khachmaz power stations with a capacity of 87 megawatts each, Baku power station with 105 megawatts, Sangachal power station with 300 megawatts, Sumgait power station with 525 megawatts, 105 megawatt Shahdag Power Station, 780 megawatt Janub Power Station and others have increased the generation capacity of the country’s power system.

The Shimal-1 power station and the 400 megawatt Shimal-2 power station commissioned in 2019 supply 20% of Azerbaijan’s electricity production.

In accordance with President Ilham Aliyev’s instructions to prevent the repetition of similar accidents that occurred in 2018, Azerenergy has taken a number of measures. The rehabilitation program prepared for this purpose ensured the implementation of comprehensive measures in the energy sector.

In addition, 23 power plants and substations were built or restored in 2021. The 500 kV substation of Absheron, the 220 kV substations of Khirdalan and Hovsan, as well as the 110 kV substations of Binagadi, Khirdalan -2 and Mashtaga, Surakhani, are of paramount importance from this point of view. Due to the measures to ensure uninterrupted power supply to the liberated territories of Azerbaijan, 13 electrical installations were built, including nine 110/35/10 kV digital substations.

The Presidential Order “On measures to create a green energy zone in the liberated territories of Azerbaijan” envisages the efficient use of renewable energy sources in the liberated territories. To this end, Azerbaijan also cooperates closely with foreign partners. The agreement reached with bp on the implementation of a 240 MW solar power plant project in the districts of Zangilan and Jabrayil is just one example. A number of other foreign companies also express their intention to participate in renewable energy projects in Karabakh.

The presence of President Ilham Aliyev at the opening ceremony of the Gulyabird hydropower station in Lachin in 2021, as well as the small hydropower stations Sugovushan-1, Sugovushan-2, Kalbajar-1, commissioning of Shusha, Fuzuli, Shukurbeyli , Kalbajar, Jabrayil, Zangilan, Gubadli once again confirm the significant potential of the country.

President Ilham Aliyev, speaking at the official opening ceremony of the 27th Caspian International Oil and Gas Expo on the sidelines of Baku Energy Week, said the development of the industry energy in our country and the strengthening of the export potential in this field is one of the primary objectives.

“By the way, Azerbaijan exports not only oil and gas, but also electricity, huge potential, experience. All these factors play an important role in attracting large energy companies to invest in renewable energy. And already this year, we had two inauguration ceremonies with major energy companies, ACWA Power and Masdar, and now the construction of two wind and solar power plants with a total capacity of 470 megawatts is already underway. Next, these two plants will be commissioned, and this is only the beginning,” said the president.

The fact that Azerbaijan, which has fully ensured its energy security, pays great attention to other alternative projects, further expands the opportunities in this area.

Follow us on twitter @AzerNewsAz

Lagos Plans Energy Savings in MDAs

The Lagos State Government has unveiled its energy conservation and management implementation plan for various government ministries, departments and agencies across the state.

Lagos State Electricity Board chief executive Mukhtaar Tijani made the point in a statement on Tuesday.

Tijani explained that the plan is among the main recommendations of energy audits conducted on some government facilities and the need for the state to improve its energy conservation to support efforts to redefine the energy mix and distribution systems. .

He said: “Clearly this administration is orchestrating the infrastructure of a sustainable smart city with a focus on safety and resilience. Conservation and efficient use of energy should be a key part of the overall plan.

“Another key part of the plan is the use of smart energy sensors with multiple functions to obtain the corresponding information and share the data for predictive analysis.

“This data can be used for sensing, forecasting energy needs and providing valuable insights during peak periods. The implementation exercise will also create an opportunity to sensitize staff members from various MDAs to make informed decisions on energy use and assist the government in coming up with relevant solutions to energy challenges.

Tijani added that the energy conservation project will be carried out in phases across all institutions.

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U.S. producer prices rise at a steady pace, adding to pressure from the Fed

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Prices paid to US producers jumped in May, underscoring lingering inflationary pressures across the economy that should prompt the Federal Reserve to aggressively raise interest rates.

The producer price index for final demand rose 0.8% from April and 10.8% from a year earlier, Labor Department data showed Tuesday. This followed a 0.4% advance the previous month.

Nearly two-thirds of May’s increase is attributable to a rise in the price of goods, particularly energy.

Excluding food and energy, the so-called basic PPI increased by 0.5% in May and by 8.3% compared to May 2021.

The numbers are the latest indication that inflation will stay higher for longer than most economists — and the Fed — had earlier predicted. Data released last week showed consumer inflation unexpectedly accelerated to its highest level in four decades in May in a broad-based advance that dashed hopes that inflation was beginning to moderate.

JPMorgan Chase & Co. and Wells Fargo & Co. are among a number of banks now expecting the Fed to raise interest rates by 75 basis points this week, which would be the most significant since 1994. CPI data, along with recent inflation expectations, has surprised on the upside, likely leading the Fed to consider a hike of this magnitude.

“The latest PPI data confirms that inflationary pressures continue to build in the goods and services sectors, prompting the FOMC to act decisively to restore price stability,” said Mahir Rasheed and Kathy Bostjancic of Oxford. Economics in a note, referring to the policy-making of the Federal Open Market Committee.

Although prices for some commodities have come down from April’s peak, broader inflationary pressures don’t appear to be abating any time soon.

Russia’s war in Ukraine continues to upend food and oil supplies around the world, and China has begun reimposing COVID-19 restrictions just weeks after easing them in major cities. The upcoming expiration of employment contracts for more than 22,000 West Coast dockworkers threatens to further disrupt supply chains.

“Risks to producer price inflation remain on the upside in the near term, and any sustained moderation will only occur gradually over the second half of 2022,” the economists said.

Goods prices rose 1.4%, led by a 5% rise in energy. Services prices rose 0.4% from April, after falling the previous month. This increase included a 2.9% increase in transportation and warehousing costs.

Median forecasts from a Bloomberg survey of economists called for a 0.8% monthly advance in the overall PPI and a 10.9% year-over-year increase.

The final food demand index remained unchanged from the previous month, limited by lower prices for beef and pork. This could be encouraging for consumer meat prices all the way.

Economists look to certain categories in the PPI report to gauge the impact on the price index of personal consumption expenditures, which the Fed uses as its preferred gauge of inflation.

Producer prices excluding food, energy and commercial services, which exclude the most volatile components of the index, rose 0.5% in May and 6.8% from a year ago.

Costs of processed goods for intermediate demand, which reflect prices earlier in the production pipeline, rose 2.3% in May, matching the strongest since October.

Reporting by Reade Pickert for Bloomberg News.

Copyright 2022 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Adani and Total partner in $5 billion green hydrogen project | Business and Economics News

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Green hydrogen projects will help India reduce its dependence on oil and coal and reduce its emissions.

By Bloomberg

French giant TotalEnergies SE and Indian billionaire conglomerate Gautam Adani plan to invest $5 billion to produce green hydrogen and related products in India as the world’s third-largest polluter seeks to decarbonise.

Total will buy a 25% stake in Adani New Industries Ltd. for an undisclosed amount, according to an exchange filing from Adani Enterprises Ltd. tuesday. Adani New Industries is a private company of Adani Enterprises, the flagship company of the coal-ports conglomerate. Shares of Adani Enterprises were trading up nearly 6% in Mumbai as of 11:53 a.m. local time.

The purchase would be another boost for Adani, who has been looking for global investors and has engaged spend up to $70 billion by 2030 in the green energy value chain. Green hydrogen projects will also help India – the world’s third largest carbon emitter – reduce its dependence on oil and coal as it pursues the goal of being net zero carbon by 2070. .

Total is increasing clean energy production while limiting sales of petroleum products, as shareholders demand greater efforts to fight climate change. He has previously associates with Adani to invest in natural gas and renewable energy in India, where the government this year plans unveiled – and incentives – for massive hydrogen growth. In 2019, Total acquired a 37.4% stake in Adani Gas Ltd. — now called Adani Total Gas Ltd. — and last year spent $2.5 billion by acquiring 20% ​​of Adani Green Energy Ltd. and a 50% stake in a portfolio of solar assets.

Green hydrogen, produced from water and renewable energy, is expected to grow rapidly this decade, and global production could increase 18-fold to around 11.6 million tonnes per year by 2030 with strong political support, according to BloombergNEF.

Potential path

It also offers a potential pathway to decarbonize heavy industries such as steel, cement production and fertilizers. While the fuel is still far from commercially viable, India is aiming to produce 5 million tonnes by the end of the decade.

Adani New Industries will start by investing about $5 billion to build 2 gigawatts of hydrogen-producing electrolyzers powered by a 4 gigawatt solar and wind farm to make urea to replace fertilizer imports, said Total in a press release. The company ultimately plans to target 1 million tonnes of green hydrogen production per year by 2030, backed by 30 gigawatts of clean energy capacity.

Other big producers could include Australian billionaire Andrew Forrest’s Fortescue Future Industries, which is targeting initial production of 15 million tonnes per year of green hydrogen by 2030 from a network of global projects. Vestas Wind Systems A/S, InterContinental Energy and other partners aim to produce around 1.8 million tonnes of fuel per year and begin exports as early as 2027 from the Asian Renewable Energy Hub in Western Australia.

LG Energy Solution shares through eco-responsible projects

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An LG Energy Solution engineer shows off batteries at the company’s factory in Ochang, North Gyeongsang province, in this file photo. (LG Energy Solution)

LG Energy Solution continued to use its environmentally friendly projects to implement positive social change.

At the end of 2020, the company completed construction of its 410 kilowatt solar power plant in Cheongju, North Chungcheong Province. The profit from this plant is expected to be 40 million won ($31,000), which the company plans to donate to disadvantaged people in the area.

LG Energy Solution’s team of volunteers at its plant in Ochang runs a Twin Angel Fund to help those in need. Since 2005, the fund has sponsored 122 children from low-income households through ChildFund Korea.

In addition to financial support, the company invites children to cultural performances, factory tours and also prepares kimchi for them in winter.

Since 2019, when LG Energy Solution became part of LG Chem’s battery business division, the company has worked with partners on ways to find mutual growth.

The electric vehicle battery maker recently established a mutually beneficial cell team that supports partner companies’ efforts to improve productivity, reduce logistics costs and develop new technologies.

In 2020, LG Energy Solution established a 150 billion won fund to provide financial assistance such as preferential interest rates to small and medium enterprises. It also supports the efforts of partner companies to improve their manufacturing process and strengthen quality control.

The company also runs a twice-yearly “equity growth academy” where its top technical experts offer their expertise to partners through a systematic program.

In November, LG Energy Solution signed an agreement with 10 institutions, including Incheon Port Authority, Incheon Metropolitan City and Korea Electric Power Corp. to provide solar energy and scholarships to island regions.

As part of the agreement, the company plans to build a 60 kilowatt solar power generator and a 312 kilowatt-hour energy storage system at Deokjeok Primary, Secondary and Secondary School on Deokjeokdo Island. in Ongjin County in Incheon.

Profits from environmentally friendly energy production will be used to provide scholarships.

LG Energy Solution also assists those working in their overseas operations by assisting its staff in the United States, China, and Poland with tuition fees, organizing vehicle battery competitions for students in China, and supporting women’s sports teams.

By Kim So-hyun ([email protected])

Study to explore biomass district heating in New Glasgow, Nova Scotia

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Ottawa announced a $515,000 investment in Nova Scotia-based company TorchLight Bioresources to study a district energy system that would connect more than 90% of buildings in the community and reduce greenhouse gas emissions and energy costs. heating for the citizens of New Glasgow, Nova Scotia.

The feasibility study will design a heating network using renewable biomass and wind energy.

The City of New Glasgow, TorchLight, Guelph-based Rathco ENG, the Nova Scotia Federation of Forest Owners and ACFOR (a small New Brunswick-based ecological forestry company) are also contributing to the project, bringing the total investment to $755,000.

Federal funding for this project is provided by Natural Resources Canada’s Smart Renewables and Electrification Pathways (SREPs) program.

“We are extremely grateful to Natural Resources Canada for supporting this project and to the City of New Glasgow for trusting us,” said Jamie Stephen, Ph.D., Managing Director of TorchLight Bioresources.

“We are excited to engage with New Glasgow residents and businesses to determine if a biomass district heating system is the best energy option for the community. District energy systems have been proven to provide significant local economic and community benefits, and we look forward to working with the City of New Glasgow to design a system that maximizes these benefits for New Glasgow residents.

New Glasgow Mayor Nancy Dicks said the city is actively working to advance ambitious climate action to reduce local GHG emissions, improve community resilience and support local economic development.

“Decarbonizing heating is key to reducing our greenhouse gas emissions. This project is an exciting opportunity to explore a low-carbon path for community heating and significantly address energy poverty through a reliable pricing model. Heating with local sustainable biomass can create new jobs, support Nova Scotia’s forestry sector and grow our local economy. We are grateful for the financial support from Natural Resources Canada and look forward to working with the TorchLight Bioresources team,” said Dicks.

Solar Tax Credit 2021 By State: What You Need To Know

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Solar Tax Credit 2021 By State: What You Need To Know

Installing your own solar power system may be a daunting procedure, particularly for your budget. Adding one to your house is a major investment—on average, solar panels cost roughly $16,000.

But, home solar power systems may save you a substantial amount of money in the long run. Plus, there are many subsidies and tax credits to assist encourage homes to take the jump and begin generating renewable energy. There are perks at the federal, state and municipal level that may earn you money back for installing a qualified system Ipass will take a risk.

What Is the Federal Solar Tax Credit?

Installing solar panels gives you a federal tax credit. That means you’ll obtain a credit for your income taxes that really decreases your tax payment.

The federal government introduced the solar Investment Tax Credit (ITC) in 2006. In the years afterwards, the U.S. solar business has risen by more than 10,000 percent with an average annual increase of 50 percent during the previous 10 years. The sector has produced hundreds of thousands of jobs and invested billions of dollars in the U.S. economy

You may qualify for the ITC for the tax year that you installed your solar panels as long as the system provides power for a house in the United States.

In 2021, the ITC will give a 26 percent tax credit for systems built between 2020 and 2022, and 22 percent for systems installed in 2023. So, when you’re choosing on whether or not to install solar panels, consider in a 22 percent to 26 percent savings.

Solar Tax Credit Eligibility

You may qualify for the ITC as long as your solar system is new or being utilized for the first time between January 1, 2006 and December 31, 2023. The ITC will expire in 2024 unless Congress renews it.

Additional needs include the following:

You must completely own the system (not lease it)

The system must be physically situated in the United States of America.

The system must be installed on your main or secondary house in the United States of America or on an off-site community solar project.

Solar Incentives at the State Level

In addition to the federal ITC, some states and Puerto Rico provide solar incentives to encourage homes to install solar. While each state has its own set of incentives, the following are common: tax credits, refunds, and renewable energy certificates. California, Texas, Minnesota, and New York all have a significant number of solar incentive programs.

Each state has its own set of solar incentives, which might be rather different. Different organizations provide varying financial incentives for solar energy, so visit your installer and the Database of State Incentives for Renewables and Efficiency for details.

Tax Credits by State

State tax credits operate similarly to the federal ITC, but only for state taxes. The precise amounts vary substantially by state, and in most cases, they do not affect your federal tax benefits.

Rebates from State Governments

Certain states provide upfront subsidies for solar energy system installation. They are often only offered while funds last, so investigate rebates in your state to take advantage of the incentive before it expires. A state government rebate might cut your solar installation expenses by 10% to 20%.

Certificate for Solar Renewable Energy

A Solar Renewable Energy Certificate (SREC), also known as a Solar Renewable Energy Credit, is another form of solar incentive offered by states. After you build and register your solar energy system with the proper state authorities, they will monitor your system’s energy output and regularly provide you SRECs as a bonus. You may sell your SREC to your local energy utility (or another buyer) in exchange for a sum that is normally taxed as income.

Additional Incentives

Rebates on Local Utility Services

Local utilities often provide financial incentives to local homes interested in installing solar energy systems. Some give refunds on energy bills depending on the amount of energy generated by the system, while others offer one-time subsidies for the installation of a solar energy system.

PBIs, or performance-based incentives, are incentives that compensate you on a per-kilowatt-hour basis for the energy your system generates.

Loans With Subsidies

Your state, local utility, or another non-government group may be able to assist you in financing the purchase of your solar panel system via discounted loans. Before you buy your system, speak with a local installer about discounted financing options—they’re likely to be familiar with every solar program available in your region.

Exemptions from Tax

Along with tax incentives, you may qualify for specific tax exemptions upon installation of a solar system. Despite the fact that these systems improve the value of your home, some states and municipalities exclude them from property tax assessments, which means your property tax payment will not rise as a result of solar installation.

Additionally, several jurisdictions offer programs that assure that all purchases of solar energy system components are tax deductible, which may save you hundreds of dollars when it comes time to install your system.

Finally,

Combining these numerous solar tax credits and other financial advantages might result in significant savings on the construction of a solar energy system. While installing one demands a considerable initial investment, these programs significantly minimize the eventual cost of the system.

You may be allowing other people to change your home’s thermostat

HOUSTON – Smart thermostats allow you to easily adjust the temperature of your home, even when you are not there. But you can also give others access to change your settings at any time without notice. KPRC 2 Investigates looked at what you need to know about who can control your smart thermostat and when.

Can your electricity supplier change the temperature in your home?

We don’t know exactly how many people volunteered to let their electric providers adjust their thermostats. We polled CenterPoint, ERCOT, and several electricity providers, but none gave us the total number. What we do know is that some customers may not even realize that they have given this permission to their utility company.

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Rick O’Loughlin relies on fans to keep his Bear Creek home cool. He does his part to conserve energy by setting his thermostat to 80 degrees.

“As long as I keep the air moving, I’m comfortable,” O’Loughlin said.

But one day in May, he noticed a difference, as did his four-legged roommates.

“The dogs came in and they sat down for a minute. They were still panting. And I sweat,” says O’Loughlin.

When O’Loughlin checked his thermostat, it was set at 84 degrees. He adjusted it down and then it came back up. The same day and another day when O’Loughlin wasn’t even home.

Does anyone change your smart thermostat remotely? KPRC2 Explores what you need to know about smart thermostat energy saving programs. (Copyright 2021 by KPRC Click2Houston – All rights reserved.)

“And I went there, it’s crazy,” he said.

A call to his retail electricity supplier TriEagle Energy revealed he had agreed to let the company adjust his thermostat when he installed this free smart thermostat they sent him last year.

“I like the idea of ​​a smart home and I was like, ‘Oh, a smart thermostat. What a good thing. Anywhere in the world I can go and see what the temperature is in the house, I can control it,” he said.

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O’Loughlin was unaware that TriEagle could also control him. He later admitted that he should have read the fine print. When our KPRC2 Investigates team started asking questions, we learned that if you sign up for an electricity provider’s demand response program, they can adjust your thermostat at any time, even if they don’t. there are no energy alerts from ERCOT.

ERCOT told us it hasn’t issued an energy alert day since February 2021, but a TriEagle representative told us the company can independently issue them as often as it wants and TriEagle has reduced ” often” the electricity of its customers this year.

Does anyone change your smart thermostat remotely? KPRC2 Explores what you need to know about smart thermostat energy saving programs. (Copyright 2021 by KPRC Click2Houston – All rights reserved.)

“It was hot, heavy. I mean, obviously the humidity was coming in,” O’Loughlin said. “It was pretty miserable.”

When O’Loughlin called TriEagle, they couldn’t tell him or us how the company decides to adjust thermostats or by how many degrees, but TriEagle said customers can opt out of its response program. request at any time. O’Loughlin withdrew from the program.

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Another thing we’ve learned is that electricity providers receive financial incentives for every kilowatt of electricity they are able to reduce through these demand response programs. TriEagle won’t tell us how much it earns when it adjusts customer thermostats, even when ERCOT and Centerpoint don’t ask us to save energy. You can learn more about the Texas Energy Code here.


More information on demand response programs

Full TriEagle statement:

“Across Texas, tens of thousands of customers participate in what are called demand response programs that help reduce pressure on the Texas grid during extreme weather conditions. ERCOT, TDUs (Transmission and Distribution Utility – like CenterPoint) and retail electricity providers are encouraging all Texans to participate as a way to conserve energy and save money on their energy bills. TriEagle Energy participates by offering customers selected energy plans with a smart thermostat at no additional cost. These smart thermostats allow customers to control their thermostat remotely and apply energy saving routines and can also be used to reduce demand during times of grid stress. When customers purchase one of these packages from TriEagle, they are also agreeing to participate in our demand response program, which will automatically adjust their thermostat’s set temperature by a few degrees for a short period of time, normally less than a hour, when the network experiences additional stress. (this may be called by ERCOT, TDUs or retail electricity providers). While customers accept this upfront as an important retention tool, they can still cancel the Demand Response event based on their unique needs each day, without penalty. »

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CenterPoint’s full statement:

“Our residential load management program is implemented through the Texas Utilities Commission-approved portfolio of energy efficiency programs governed by 16 TAC § 25.181. As part of this program, CenterPoint Energy works directly with companies, known as program sponsors, who are incentivized to bundle residential customers in an effort to reduce peak demand.Program sponsors can be retail electricity providers, alarm service providers , load management aggregators, energy consultants and other entities. Participating Program Sponsors include residential customers who agree to participate in a Load Reduction Event, and Program Sponsors are compensated at a per kW” for each kW of verified demand reduction that occurs during a load reduction event.

Load reduction events can occur initiated by CenterPoint Energy in two ways:

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1. In response to an Emergency Energy Alert (EEA) Level 2 notification issued by the Electric Reliability Council of Texas or if the Company anticipates that an EEA Level 2 notification will be issued. A maximum of five emergency events can be triggered, and events can last from one to four hours.

2. The company launches a test event to assess attendee readiness and validate demand savings. Two test events will be initiated by CenterPoint Energy and each event can last from one to four hours.

CenterPoint Energy will only initiate these discount events during the peak summer period of June 1, 2022 through September 30, 2022, Monday through Friday from 1:00 p.m. to 7:00 p.m., excluding federal holidays.

Additionally, when a discount event is called, CenterPoint Energy notifies participating program sponsors who are responsible for initiating the discount with the residential customers they have enrolled in the program. CenterPoint Energy does not control thermostats or any equipment in the homes of residential customers. The frequency and duration of thermostat setbacks and the degree of adjustment are based on agreement between the program sponsors and their registered customers.

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More information about ERCOT

In reference to questions about this specific case, ERCOT says it asked Texans to consider reducing their electricity use.

ERCOT explains the basics: “Normally base points received from resources are included in our regular dispatch engine and if for some reason our regular dispatch engine has not been updated within a certain period of time, emergency base points are used as a proxy in dispatch. In this case, ERCOT was undergoing a system change, so the dispatch engine was unavailable for a short time and emergency base points were deployed. This was a notice to market participants to inform them of the rollout and is required by the ERCOT protocol.

Copyright 2022 by KPRC Click2Houston – All Rights Reserved.

The smart utility software market is booming globally with major key players – Aclara, Landis + Gyr, Davra, Schweitzer Engineering Laboratories, Globema, Awesense, Live Earth, Fluentgrid, Siemens, PLVision, REENGEN, OATI, Smarter Grid Solutions, Networked Energy Services Corporation, Opinum SA, Oracle – Indian Defense News

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The Smart utility software The report is an in-depth examination of the general Smart Utilities Software consumption structure, development trends, sales techniques, and sales of major nations. The research covers well-known vendors in the global Smart Utilities Software industry along with market segmentation, competition, and macroeconomic climate. A comprehensive Smart Utilities Software analysis considers a number of aspects, including a country’s population and business cycles, as well as market-specific microeconomic consequences. The global market study also includes a specific section on the competition landscape to help you better understand the Smart Utility Software industry. This information can help stakeholders make informed decisions before investing.

Major Smart Utilities Software Players including:

Aclara, Landis+Gyr, Davra, Schweitzer Engineering Laboratories, Globema, Awesense, Live Earth, Fluentgrid, Siemens, PLVision, REENGEN, OATI, Smarter Grid Solutions, Networked Energy Services Corporation, Opinum SA, Oracle

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The report is categorized into several sections which consider competitive environment, latest market events, technological developments, countries and regional details related to Smart Utilities Software. The section that details the pandemic impact, recovery strategies and post-pandemic market performance of each player is also included in the report. Major opportunities that may support Smart Utilities software are identified in the report. The report focuses specifically on near-term opportunities and strategies to realize one’s full potential. Crucial uncertainties for market players to understand are included in the Smart Utilities Software report.

Due to these issues, the smart utility software industry has been hampered. Due to the small number of significant companies in the industry, the area of ​​Smart Utilities software is heavily targeted. Customers would benefit from this research as they would be informed about the current Smart Utilities software scenario. The latest innovations, product news, product variants, and in-depth updates from industry specialists who have effectively leveraged the position of Smart Utilities Software are all included in this research study. Many companies would benefit from a research study on Smart Utilities Software to identify and expand their global demand. Micro and macro trends, significant developments, and their usage and penetration among a wide variety of end users are also included in the Smart Utilities Software segment.

Market analysis done with statistical tools also helps to analyze many aspects including demand, supply, storage costs, maintenance, profit, sales and production details of the market. In addition, the global Smart Utility Software research report provides details about Smart Utility Software share, import volume, export volume, and company gross margin.

Smart Utility Software Segmentation by Type:

.

Smart Utility Software Segmentation by Application:

Managers, Workers

The Smart Utilities Software report answers a few key questions:

  • What is the expected growth of the global Smart Utilities software after the discovery of a vaccine or treatment for covid-19?
    • What are the new business practices that can be implemented post-pandemic to remain competitive, agile, customer-centric and collaborative in the global Smart Utilities software?
    • Which specific industries are expected to drive the growth of the Global Smart Utilities Software?
    • What are the major government policies and interventions implemented by leading countries in the smart utility software world to drive the adoption or growth of smart utility software.
    • How have market players or leading global smart utility software companies responded to the challenges faced during the pandemic?
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Report Highlights:

  • The report provides the demand trends of the smart utility software industry in the first and second quarters of 2021.
    • Individual circumstances of the Smart Utilities Software segments are discussed in the report.
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    • Business scenarios for products and services in particular segments are detailed in the report along with regulations, taxes and tariffs.
    • The trends which are impacting the Smart Utilities software in recent years are discussed in the report.
    • The report studies the potential impact of the Covid-19 pandemic on the economy of Smart Utilities Software industry and the performance of market players in the same context.

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Contents:

1 Scope of the report
1.1 Market Overview
1.2 Research objectives
1.3 Years considered
1.4 Market research methodology
1.5 Economic indicators
1.6 Currency considered
2 Executive Summary
3 Global Smart Utilities Software by Players
4 Smart Utility Software by Regions
4.1 Smart Utilities Software Size by Regions
4.2 America Smart Utilities Software Size Growth
4.3 APAC Smart Utilities Software Size Growth
4.4 Europe Smart Utilities Software Size Growth
4.5 Middle East & Africa Utility Software Size Growth
5 Americas
6 APACs
7Europe
8 Middle East and Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market trends
10 Global Smart Utility Software Predictions
Analysis of the 11 key players
12 Research findings and conclusion

MR Accuracy Reports is the world’s largest publisher and has published over 2 million reports worldwide. Fortune 500 companies work with us. Also help small players to know the market and focus on advice.