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#AES closes US$2 billion in finance for gas plus energy storage project

AES closes US$2 billion in finance for gas plus energy storage project AES Corporation has closed US$2 billion in finance for the 1.4GW Southland Repowering Project. The install in southern California encompasses 1,284MW of combined cycle gas capacity and 100MW of battery storage. The remaining US$350 million will be contributed as equity by AES. The … Continue reading #AES closes US$2 billion in finance for gas plus energy storage project

Natural gas can replace nuclear energy

Natural gas can replace nuclear energy Banks is a retired energy industry communications executive and occasional commentator on energy issues, now living in Rockingham County. The shale revolution has produced an abundance of cheap natural gas around the country, especially in the mid-Atlantic region, wherein lies the Marcellus shale formation, the country’s largest deposit of … Continue reading Natural gas can replace nuclear energy

As gas plants struggle, California seeks new flexible capacity strategies

As gas plants struggle, California seeks new flexible capacity strategies With up to 6 GW of gas plants at risk of closure, energy planners are scrambling for new compensation techniques and zero-carbon alternatives ccelerating clean energy and climate goals in California have policymakers thinking in unprecedented ways about how to manage the state’s power system. … Continue reading As gas plants struggle, California seeks new flexible capacity strategies

Western Heat Lifts #NatGas Cash, Yet Futures Drift Higher; July Adds A Penny

Western Heat Lifts NatGas Cash, Yet Futures Drift Higher; July Adds A Penny Physical natural gas for Wednesday delivery once again outperformed the futures in Tuesday trading as the ongoing heat in southern California as well as gains in the Northeast offset weaker quotes from the Midcontinent, Texas, Louisiana, and Appalachia. The NGI National Spot … Continue reading Western Heat Lifts #NatGas Cash, Yet Futures Drift Higher; July Adds A Penny

As nuclear power plants fail, natural gas becomes competitive

As nuclear power plants fail, natural gas becomes competitive If a business can’t make money, should the government be mandating that customers pay more to keep that business from failing? That’s what’s happening in New York and Illinois, where customers’ monthly electric bills are slated to increase to keep financially failing nuclear power plants afloat. … Continue reading As nuclear power plants fail, natural gas becomes competitive