Market Moves: Energy - Apr 26th, 2024
 
 
Clean energy could be coming to a grid near you
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April 26, 2024
From the Editor

There’s no doubt that clean energy is the way forward, and in this edition of Market Moves Energy, we’re diving into an ambitious plan to connect such initiatives to the larger grid with our top story. Towards the end, we’ll examine the benefits of solar and natural gas. But before those: Oil. You’ll find an updated rule addressing well abandonment, a reduced forecast for oil demand and more. Although there are changes coming, oil continues to be, and will remain for some time, a relevant step on the journey to a renewable future.

   — Jennifer Ramsay

 

The roadmap sets interconnection targets to achieve by 2030 and will help clear a 12,000-project backlog.
Offshore Platform
The increase is to save taxpayers from assuming the cost of decommissioning abandoned infrastructure.
The Coral Norte FLNG unit is expected to be a replica of the Coral South FLNG facility offshore Mozambique.
This year could see 30 FIDs approved, representing $125 billion in potential overall investments.
Demand/supply balance.
Due to factors such as growing EV fleets, IEA expects the demand growth to decrease to 1.1 million b/d in 2025.
photo20240322135719_9
Hormel Foods and R.A. Jones optimized their plants to meet ESG goals and support renewable energy.
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natural gas fuel
While not a perfect solution to cutting vehicle emissions, natural gas can be well-suited for certain applications.
Green Li-ion
The Oklahoma plant is projected to create the equivalent of 72,000 smartphone batteries per day.

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