energy trading market News
-
Western Energy Imbalance Market (WEIM) Posts $526 Million in Quarterly Benefits
The Western Energy Imbalance Market (WEIM) reached an all-time high of $526.5 million in quarterly benefits, positioning the real-time energy market to exceed $3 billion in cumulative benefits by the end of this year.The third-quarter results put the total benefits achieved since the WEIM was launched eight years ago at $2.91 billion, with more than $1 billion accruing in 2022 alone.The benefits ...
-
Western Energy Imbalance Market Hits $4.66 Billion in Total Benefits
The Western Energy Imbalance Market (WEIM) achieved $462.05 million in cost-saving benefits in the third quarter this year, bringing total leveraged savings across California and the West to $4.66 billion since the launch of the real-time electricity market in 2014.The increase in third-quarter economic benefits is due to a growing number of market participants and expanded resource diversity ...
-
Transition to Renewables Calls for New Approach to Energy Security
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published this week.Geopolitics of the energy transition: Energy security outlines a multi-dimensional energy security concept for the 21st century. The systemic nature of the ongoing transition and its ...
-
AEP SWEPCO Signs Wind Power Purchase Agreements for 359 Megawatts
American Electric Power (NYSE: AEP) subsidiary Southwestern Electric Power Co. (SWEPCO) has signed long-term power purchase agreements for a total of 358.65 megawatts (MW) of renewable energy from wind projects in Texas, Oklahoma and Kansas. Together with a 49.2-MW agreement signed by the Oklahoma Municipal Power Authority, SWEPCO and its affiliates have exceeded the 400-MW renewable energy ...
-
Flow Battery Pilot Showcases Economics of Storage in Wholesale Markets
The California Independent System Operator (ISO) has become one of the nation's first wholesale power markets to connect a groundbreaking type of flow technology batteries to its grid, which could give rise to promising storage capability on large-scale electric systems.San Diego Gas & Electric (SDGE) has unveiled a vanadium redox battery storage pilot project in coordination with Sumitomo ...
-
AEP Places Carbon Capture Commercialization on Hold, Citing Uncertain Status of Climate Policy, Weak Economy
American Electric Power (NYSE: AEP) is terminating its cooperative agreement with the U.S. Department of Energy and placing its plans to advance carbon dioxide capture and storage (CCS) technology to commercial scale on hold, citing the current uncertain status of U.S. climate policy and the continued weak economy as contributors to the decision. "We are placing the project on hold until ...
-
EV Connect Partners with DTE Energy to Fund EV Charging Infrastructure for Michigan
To build an accessible and scalable electric vehicle (EV) charging experience for the residents, businesses, public agencies, and school districts of southeastern Michigan, EV Connect has announced it is a qualified EV charging infrastructure provider under the ‘Charging Forward’ program from DTE. As part of the program, EV Connect will empower Michigan residents to realize the full ...
By EV Connect
-
Chemicals industry `can play major role` in carbon reduction
The American Chemistry Council (ACC) has published new statistics revealing the significant impact carbon reduction schemes within the chemicals industry could have on wider carbon reduction targets. According to data collated by management consulting firm McKinsey & Company, the general public are currently saving two units of greenhouse gases through the use of energy-efficient chemical ...
-
ADS-TEC Energy Presents Storage-Based Ultra-Fast Charging System ChargePost at Hannover Messe 2023 in Energy Solutions Section
ADS-TEC Energy presents the battery storage-based fast charging solution ChargePost at the world's largest leading international trade fair for industry and innovations, the Hannover Messe, at the joint stand with Baden-Württemberg. The pavilion of "The Länd" will be opened by Minister President Winfried Kretschmann, who also visits ADS-TEC Energy in his subsequent tour. ChargePost is ...
-
Siemens and Lempäälän Energia to Build Microgrid in Finland
Lempäälän Energia has awarded Siemens a contract to implement a self-sufficient smart grid system in the industrial area of Marjamäki, Finland. Siemens' scope of supply encompasses design and engineering of a smart medium-voltage microgrid, the corresponding grid automation system and an electrical storage system. The purpose of the project LEMENE is to provide a cost-effective and ...
-
Trina Solar Responds to the European Commission`s Initiation of an Anti-dumping Investigation Concerning Certain Solar Energy Products Originating in China
The European Commission today announced the initiation of an anti-dumping investigation concerning imports into the European Union (EU) of crystalline silicon photovoltaic modules and key components (i.e. cells and wafers), originating in China. Trina Solar is one of the China-based suppliers of these products to the EU. Trina Solar believes the allegations made by Germany's Solarworld AG and ...
-
Equinor acquires Suncor Energy UK
The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets. “This transaction is in line with Equinor’s strategy of optimizing our oil & gas portfolio and deepening in our core countries. We are building on our ...
By Statoil
-
ISM establishes new MBA course on `Energy Management` in collaboration with E.ON and RWE
The International School of Management (ISM) is extending its range of courses from the winter semester 2009 by introducing a new MBA course on 'Energy Management'. This private, state-recognised university has established an endowment professorship in collaboration with the energy companies E.ON AG and RWE AG. It will be held by the economist Dr. Christian Kunze. 'Today’s energy industry is ...
By E.ON AG
-
Total and SunPower Commission a New Solar Panel Manufacturing Plant in France
Total and its affiliate SunPower(1) (NASDAQ: SPWR), a Silicon Valley-based manufacturer of high efficiency solar cells, solar panels and solar systems, today announced the commissioning of a new photovoltaic solar panel manufacturing and assembly plant in the De Vernejoul industrial park in Porcelette, Eastern France. The 3,300-square-meter plant is equipped with a 44 MWp(2) production line and ...
-
Stem and NEC Energy Solutions Offer Turnkey Solar + Storage Optimization
Stem, Inc., a specialist in artificial intelligence (AI)-driven energy storage services, announced today that it is partnering with NEC Energy Solutions, to simplify and optimize the deployment and operation of solar + storage projects. Through a master supply agreement, Stem will resell and integrate its Athena AI platform with NEC’s GSS end-to-end grid storage solution. The agreement ...
-
Total and Amyris Renewable Jet Fuel Ready for Use in Commercial Aviation
With the newly revised ASTM standard for jet fuel, Amyris (Nasdaq:AMRS) and Total (CAC:TOTF.PA) today begin to prepare to market a drop-in jet fuel that contains up to 10% blends of renewable farnesane. Developed by Total, one of the world's leading energy companies, and Amyris, an industrial bioscience company, this new jet fuel blend meets the rigorous performance requirements set for Jet ...
-
GE Introduces Its New, Larger J920 FleXtra Gas Engine for North America
10-Megawatt Class, 60-Hz Gas Engine Offers Best-in-Class Electrical Efficiency of 49 Percent GE’s Fast-Reacting Jenbacher J920 FleXtra Generator Sets Provide Significant Fuel Savings New Engine Helps Enable the Integration of Renewables onto the Grid GE Announces MOU with Sky Global Partners, LLC for First 60-Hz, J920 FleXtra Gas Engines GE Power & Water’s Distributed ...
Need help finding the right suppliers? Try XPRT Sourcing. Let the XPRTs do the work for you