Natural Gas Storage Report Injection Season Week 2 (Week Ending April 13, 2018)

Week 2 of injection season saw another withdrawal of 36 Bcf, which was higher than the expectation of 23 Bcf.   Last year we saw an injection of 47 Bcf and the five year average stands at 38 Bcf. Today’s withdrawal was way above the expectations of many traders which were in the range of 7-30 Bcf.  The largest withdrawal came from the Midwest region which had a net withdrawal of 18 Bcf.…

Renewable Energy Update – April 2018

Focus Group pursuing floating wind farm off California coast REUTERS – Apr 3 EDP Renewables and four other companies have joined with a Northern California power provider to develop the first U.S. offshore wind farm to boast advanced floating turbines, the group said in a statement on Tuesday. The Redwood Coast Energy Authority (RCEA), a local government authority that provides electricity to most of California’s Humboldt County, solicited bids for…

Natural Gas Storage Report Withdrawal Season Week 22 (Week Ending March 30, 2018)

Week 22 saw a drawdown of 29 Bcf, which was tighter than the Reuters average expectation of 26 Bcf. This year’s number exceeded 2017’s withdrawal of 4 Bcf, as well as the five-year average of 28 Bcf. The market has been bullish since, moving down more than 3 cents. While cooler than average weather continues to create late-season heating-demand, the market remains confident that injection season will refill the depleted…

Renewable Energy Update – March 2018

Focus Lawmakers pass spending bill with funds for clean energy GREENTECH MEDIA – Mar 23 Congress cleared a spending bill last Friday for the 2018 fiscal year that allocates $1.3 trillion. Despite the Trump administration’s requests for drastic cuts, lawmakers set aside increased funds for clean energy programs. In the final text, the Department of Energy received a $3.77 billion boost in funding, bringing the agency’s budget to a total of $34.5…

Natural Gas Storage Report Withdrawal Season Week 21 (Week Ending March 23, 2018)

The second to last week of withdrawal season saw a withdrawal of 63 Bcf. The average expectation, based on a Reuters survey, was 70 Bcf. The withdrawal was tighter than both last year’s 58 and the five-year average of 46. As far as overall storage we now have 32.7% less than last year, and a full 20% less in storage than the five-year average. While this data suggests the bulls…

Trade Secrets: Protecting Clean Energy Technology

In today’s competitive marketplace, it is vital that you have a comprehensive plan in place to protect your intellectual property. While most companies include patents and trademarks as key components of their plan, many overlook the existence, role, and/or value of trade secrets. That mistake can prove costly. Trade secrets are prevalent in the clean energy sector. In the solar industry alone, the United States has secured convictions of several…

Natural Gas Storage Report Withdrawal Season Week 20 (Week Ending March 16, 2018)

Week 20 of the natural gas withdrawal season saw a draw on storage of 86 Bcf. The average expectation, based on the Reuters survey, was a nearly identical 87 Bcf. This year’s week 20 withdrawal was considerably lower than 2017’s 137 Bcf figure, however it was greater than the five year average of 53 Bcf. Exceeding the five year average did not have the impact one might expect, as the…

Natural Gas, Our Air And Our Modern Lifestyles

By now you may have seen our new ad, “Air Up Here,” highlighting the role natural gas has played in helping to lower U.S. carbon dioxide emissions to their lowest levels in nearly 25 years. While the ad focuses on how the industry is helping reduce greenhouse gases in our air, you may not realize that every cut in the ad features consumer goods the industry makes possible or makes better. Take a…

A Global Game Changer For Energy Efficiency Investments

Three hospitals in England recently cut energy costs in half after spending the equivalent of $18 million in energy efficiency upgrades. The projects got a much-needed boost from a certification that gave investors confidence the retrofits would bring returns. With millions of buildings in need of upgrades and the emergence of a $20-billion retrofit industry in the United States alone, there is neither a shortage of projects nor capital looking for environmental opportunities in…

Natural Gas Storage Report Withdrawal Season Week 18 (Week Ending March 2, 2018)

Shoulder season-like weather across much of the country to close out February created a stagnant market for the week ending March 2nd. The prompt month opened the week at $2.70, while the week closed at a nearly identical $2.71. The lack of a weather related impact on the market was also on display in this week’s withdrawal number. The uninspiring withdrawal of 57 Bcf was in line with the expectation…