May 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Researched by Industrial Info Resources (Sugar Land, Texas)--Houston officials warned Friday the cleanup following the storm that hit the city last week would be slow and some residents could be without electricity for days, if not longer.\r\n\r\nWinds up to 100 miles an hour ripped through the Greater Houston area and surrounding communities Thursday night, leaving at least four dead and hundreds of thousands without power.
May 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--American Electric Power Company Incorporated (NASDAQ:AEP) (AEP) (Columbus, Ohio) is bracing for a massive, long-term buildout across its service territory, as shifting population trends and the rapidly rising demand for data-center services will force it to find creative and heavy-duty solutions. The company offered a glimpse at its ambitious project slate, which includes hundreds of miles of new and reconstructed transmission line.\r\nIndustrial Info is tracking more than $11 billion worth of active and planned projects from AEP, about $2.7 billion of which is nearing or under construction. \"Specific to load growth, the amount of service request is truly staggering and ranges between 10 to 15 gigawatts of incremental load by the end of the decade, in addition to many, many more gigawatts from hundreds of inquiries,\" said Ben Fowke, the interim chief executive officer of AEP, in a quarterly earnings-related conference call.\r\nOther companies featured: Amazon.com Incorporated (NASDAQ:AMZN), Alphabet Incorporated (NASDAQ:GOOGL) and Basalt Infrastructure Partners LLC.
Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global production of minerals critical to the energy transition, including copper, lithium, nickel, cobalt, graphite and rare earth elements, has risen faster than demand, leading to lower prices for most of those minerals, said a new report from the International Energy Agency (IEA) (Paris, France). \r\n\r\nBut in the report, Global Critical Minerals Outlook 2024, released Friday, the agency raised questions about whether the Metals & Minerals Industry can continue increasing production to meet what is expected to be soaring demand for those minerals in the coming years. The reason for doubt? Falling commodity prices have taken a heavy toll on the financial health of the global mining industry, raising questions about its ability to make subsequent investments.
May 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration confirmed Tuesday it will increase the tariff rate on certain steel and aluminum products originating in China from 0-7.5{9db3217082fd48f6b110c983169c26b62ab42be6fdca2c36dfde04cbb880a77a} to 25{9db3217082fd48f6b110c983169c26b62ab42be6fdca2c36dfde04cbb880a77a} in 2024, following a review by the United States Trade Representative office.
May 17, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--The El Niño-fueled warm winter of 2023-24 in North America led to less demand for propane as a heating fuel, which led to slightly lower prices during that time, according to the U.S. Energy Information Agency (EIA). And because of an early planting season in 2023, less propane was used by Midwestern farming operations that often use copious amount of the fuel to dry crops before storing or shipping. The early spring allowed crops to mature early, letting them dry naturally before being shipped to market.
May 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, the renewable energy arm of D.E. Shaw Group (New York, New York), D.E. Shaw Renewable Investments (DESRI), said it had started commercial operations of a solar power plant in Utah. While DESRI owns the facility, the engineering, procurement and construction (EPC) contractor on the project was SOLV Energy (San Diego, California), a firm DESRI often partners with on its projects.
May 17, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Forecasts for a hotter-than-normal summer across North America means regional grid operators will face challenges in keeping the lights on, the North American Electric Reliability Corporation (NERC) said in a summer forecast.
We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.\r\nCompanies featured: Crescent Energy (NYSE:CRGY), SilverBow Resources (NYSE:SBOW), Pembina Pipeline Corporation ( NYSE:PBA)
May 17, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Crescent Energy (NYSE:CRGY) (Houston, Texas) said Thursday it agreed to acquire shale player SilverBow Resources (NYSE:SBOW) (Houston) for $2.1 billion, creating one of the largest operators in the Eagle Ford Basin.
GALWAY, IRELAND--May 16, 2024--Written by Martin Lynch, European News \r\nEditor for Industrial Info (Galway, Ireland)--Australia\'s federal government has given the green light to a gigawatt-scale solar farm and battery storage project in Queensland. \r\n\r\nWithin this article: Details permits for Punchs Creek solar farm and storage battery project, scale, related projects, state of Australian solar sector