Market Moves: Energy - Apr 12th, 2024
 
 
The offshore wind sector is bouncing back.
Market Moves: Energy | View online
 
April 12, 2024
From the Editor

Oil consumption is projected to rise this year, but that doesn’t mean renewable energy sources are to be discounted. In this edition of Market Moves Energy, we’re highlighting the potential of hydrogen, wind, microgrids…and ammonia? On the regulations side: As the EPA and Government Accountability Office call for stricter standards in their respective fields, the DOE is loosening its compliance timeline for energy efficiency. It’s a well-rounded, packed issue, and we hope you’re ready to dive in.

   — Jennifer Ramsay

 

The new rules require that 25% of new long-haul and 40% of short-haul and MD vehicles be zero-emission by 2032.
Americans could save over $14 billion in energy costs and reduce 85 million metric tons of CO2 emissions.
PowerSecure President Jim Smith discusses the key drivers to making microgrids an affordable solution.
The administration 2019 and 2022 rules included safety standards it has no adequate plans to enforce.
The revision also predicts a decrease in demand growth in 2024.
“There’s a lot going on at state levels. They have their own climate mandates and they want to realize those,” says one analyst.
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Ammonia is a promising option to decarbonize maritime shipping, as it doesn't emit CO2 when combusted.
Hydrogen availability depends on a number of factors, but vertical integration could help it scale faster.