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Your Weekly Energy News Roundup
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US ENERGY UPDATE | March 7, 2024 View this email in your browser
Frackers Are Now Drilling for Clean Power
Oil-and-gas companies are accelerating investments in geothermal energy, betting the technologies that fueled the shale revolution can turn the budding industry into a large producer of clean power.
Solar Tops 50% of New US Power Generation for First Time
Solar energy accounted for more than half of new U.S. electric generating capacity for the first time ever in 2023, according to an industry report released Wednesday.
Editorial: Louisiana Poised to Lead the Latest Energy Boom: Renewables
The worldwide energy crisis triggered by climate change and Russia’s invasion of Ukraine has also created unprecedented demand for renewable power sources. The International Energy Agency, an autonomous intergovernmental organization that tracks and forecasts global energy trends, predicts the world will add as much renewable power in the next five years as it did in the past 20.
A Foundry’s Closure Devastated This Tennessee Town But a New Battery Plant Is Giving It Hope
The Tennessee Lithium project, announced on September 1, 2022, will focus on converting lithium hydroxide to power the cathodes in lithium-ion vehicle batteries. Tennessee was selected for its central role in America’s “Battery Belt” and as a key contributor to the U.S. electrification economy.
Benton County Project Set to Boost Arkansas Grid Stability
Within the footprint of Little Rock-based regional transmission organization Southwest Power Pool (SPP), Boulder, Colo.-based SMT Energy is expected to build and operate the battery energy storage system on more than 40 acres about 10 miles southeast of Siloam Springs. It’s planned to be interconnected to the grid at an adjacent electric substation on Chamber Springs Road, just south of Arkansas Highway 16.
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