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Your Weekly Energy News Roundup
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US ENERGY UPDATE | February 15, 2024 View this email in your browser
Wyoming Hits the Rare-Earth Mother Lode
The discovery of 2.34 billion metric tons of rare-earth elements near Wheatland, Wyo., signals the beginning of a new era in the competition for the raw materials that power the global economy. If wisely exploited, this find—estimated to be the richest in the world—will give the U.S. an unparalleled economic and geopolitical edge against China and Russia for the foreseeable future.
Virginia Lawmakers Delay Decision on Dominion Energy’s Offshore Wind Monopoly
A legislative committee unanimously tabled a proposal to let private developers compete with the utility on offshore wind procurement. The Senate Commerce and Labor Committee’s late January decision to push Senate Bill 578 onto the 2025 agenda followed intense lobbying from Dominion Energy to protect its monopoly.
California’s Hydrogen Economy Dealt A Hammer Blow By Shell’s Exit
Rather suddenly, if not entirely unexpectedly, global energy giant Shell has called time on fueling hydrogen passenger cars in California, the only U.S. state where the fuel is available feasibly for mid-to-long distance driving ranges.
House Democrats Introduce Bill Requiring Texas to Connect to Surrounding Grids
Politicians in Texas have long resisted building more substantial interconnections to other grids out of concern it would bring them under greater regulation by the Federal Energy Regulatory Commission, leaving the power grid run by the Electric Reliability Council of Texas with little ability to import electricity from other states in times of distress.
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