Market Moves: Energy - Feb 23rd, 2024
 
 
Offshore Oregon sets the stage for new offshore wind areas.
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February 23, 2024
From the Editor

Our top story in this edition of Market Moves Energy explains the rumors surrounding the EPA loosening its grip on tailpipe emissions next month (rumors that, while reported by many sources, remain unconfirmed by the EPA itself).

The possible change comes as the energy transition proves harder than expected as the country tackles inadequate infrastructure that, coupled with high sale prices, has led to flagging demand for EVs. We’ll also examine power plant retirements, new policies around microgrid deployment, and even the rising potential of fusion energy. 

If you enjoy being on top of the latest trends, try out the other Market Moves centered on EVs, manufacturing, the supply chain and more right here.

– Jennifer Ramsay

 

The unconfirmed changes would disrupt transition plans by reducing yearly targets as EV adoption faces hurdles.
Offshore oil and gas operations.
The plan was announced in December 2023 and proposes the lowest number of sales in the program's history.
offshore_wind
The areas total nearly 200,000 acres and avoid the majority of commercial fishing grounds.
The core of a power transformer, made of specially milled electrical steel.
As the transformer shortage grinds on, more advanced designs could alleviate supply chain issues.
One of the country’s oldest power plants, Mystic Generating Station, a six-unit, 1,413-MW combined-cycle facility in Massachusetts, will account for 60% of the natural gas-fired capacity retirements in 2024.
Most of the closures will be old fossil-fired facilities, but retirements are expected to pick up in 2025.
United Kingdom Atomic Energy Authority
Tritium, a rare resource, is considered key to fusion energy as a viable commercial product.
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Source: pan demin / Shutterstock.com
States are implementing innovative programs to address roadblocks.

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