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Coal Economy

Nearly One Quarter of Coal-Fired Generation to be Retired by 2029

A recent report from the Energy Information Administration estimates that 23% of coal-fired generation in the United States will be taken offline by 2029, reports the Nasdaq. Competition from more affordable energy sources like natural gas and renewables, coupled with higher operating costs in aging facilities, are just a few factors driving coal's decline. Read More

December 7, 20220Comments 127Views

Business Economy

$250M Allocated for Energy Efficiency Upgrades

The Department of Energy will soon begin accepting applications from states seeking part of $250 million in funding allocated for energy efficiency upgrades, reports The Hill. The funding, which will support energy efficient upgrades for commercial and residential buildings, is part of a recent effort to lower energy use and costs. Read More

November 22, 20220Comments 125Views

Economy Oil and Gas

Permian Oil Producer Reports 80 Percent Profit Surge in Q3 Despite Production Decrease

Inflated oil and gas prices are nearly doubling profits for some producers, including DiamondBack Energy, which profited $1.2B in Q3, a more than 80% surge from the year before, reports the Houston Chronicle. While revenue has spiked dramatically, DiamondBack Energy, among other oil and gas producers, also reported a decrease in production compared to Q3 of…

November 16, 20220Comments 153Views

Business Economy Renewable Energy

Investor Confidence in Renewables Continues Strong Growth

Investor interest in renewable energy has grown sharply over the last decade, with energy firms and producers viewing the industry as a low-risk, high-reward way to diversify their portfolios and maximize profits in a swiftly changing energy world, reports PowerMag. These investors include major oil and gas companies like Shell, Chevron and Exxon Mobil, showing that…

November 16, 20220Comments 127Views

Economy Renewable Energy Solar Energy Wind Energy

Renewables on Track to Save Texans $11B This Year

Wind and solar energy have saved Texans $7.4 billion in electricity costs so far in 2022, an average of nearly $1 billion a month, according to a recent study shared by the Dallas Morning News. “Wind and solar generally produce very cheap electricity because they don’t have fuel costs … after you’ve built the plant there’s…

October 24, 20220Comments 123Views

Agriculture + Energy Economy Renewable Energy Solar Energy Wind Energy

Rural Communities Across Texas are Betting Big on Clean Energy

Land owners and farmers in rural communities across Texas are reaping the economic benefits of leasing their land for the development of clean energy projects, and are receiving hundreds of thousands of dollars in land-lease payments each year, reports CNN. The projects have also significantly boosted community tax revenue, allowing rural schools to build new facilities and…

October 17, 20220Comments 148Views

Economy Oil and Gas

U.S. Will Release More Oil From Reserves in Response to OPEC+ Production Cuts

The United States plans to release more oil from reserves in an effort to keep costs low after the OPEC+ announced it will cut 2 million barrels a day from production starting in November, reports ABC News. "The president is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is…

October 11, 20220Comments 112Views

Economy Oil and Gas Renewable Energy

Texas Will Need “More of Everything” to Support Growing Population

Texas' population is growing rapidly, and in order to support higher energy demand, the state will need to invest expanding transmission, not just generation, according to the Texas Comptroller of Public Accounts. The state will also need to expand renewable energy resources to combat utility costs, which have increased as a result of rising natural gas…

October 5, 20220Comments 125Views

Economy Renewable Energy

Farmers in Central Texas Are Staying Afloat Amid Drought Thanks to Clean Energy

Thanks to land lease payments from clean energy projects, farmers in Central Texas are managing to stay afloat financially in spite of an ongoing drought and record high temperatures that have forced some to cut crop production nearly in half, reports the Houston Chronicle. “My banker is a lot happier knowing I have these windmills,” said…

August 25, 20220Comments 126Views

Economy Renewable Energy

Red States May See Some of the Largest Benefits from the IRA

Red states like Texas, Nebraska and Oklahoma are some of the nation's largest producers of renewable energy, and are poised to see major benefits from the Inflation Reduction Act, reports Politico. Despite open opposition, the bill is expected to boost industries which have already transformed economies across the nation, like clean energy, carbon capture, clean hydrogen, advanced…

August 24, 20220Comments 123Views

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Economy

Nearly One Quarter of Coal-Fired Generation to be Retired by 2029

$250M Allocated for Energy Efficiency Upgrades

Permian Oil Producer Reports 80 Percent Profit Surge in Q3 Despite Production Decrease

Investor Confidence in Renewables Continues Strong Growth

Renewables on Track to Save Texans $11B This Year

Rural Communities Across Texas are Betting Big on Clean Energy

U.S. Will Release More Oil From Reserves in Response to OPEC+ Production Cuts

Texas Will Need “More of Everything” to Support Growing Population

Farmers in Central Texas Are Staying Afloat Amid Drought Thanks to Clean Energy

Red States May See Some of the Largest Benefits from the IRA

NewsLetter

Long-Closed Steel Processing Plant Will Reopen to Produce Solar Components

How “Wasted Public Land” Alongside Highways is Being Used for Energy Development

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Economy

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