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EIA expects higher natural gas prices as production reductions remain following Hurricane Ida

U.S. ENERGY INFORMATION ADMINISTRATION WASHINGTON DC 20585 FOR IMMEDIATE RELEASESeptember 8, 2021 The U.S. Energy Information Administration expects that natural gas prices will remain higher in the coming months following Hurricane Ida. In its September Short-Term Energy Outlook (STEO), EIA forecast fourth-quarter Henry Hub spot prices to average $4.00 per million British thermal units (MMBtu), a 16% increase from its August forecast. EIA also revised its 2022 forecast of the average U.S. natural gas price to $3.47/MMBtu, a 13% increase over its previous forecast. “Hurricane Ida affected natural gas production at a time that the United States was already experiencing…

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Centrica signs strategic partnership with ENSEK to accelerate digital transformation and help position the company for growth

UK, 18th August, 2021 – Centrica plc has today signed a strategic partnership agreement with ENSEK, the leading global retail energy Software as a Service provider, which will see the company transfer over 7 million UK domestic and small business energy supply customers to the platform. Becoming one of the lowest-cost energy suppliers in the market is a key pillar of the turnaround of Centrica and moving customers to ENSEK’s Ignition platform underpins this. With the focus on delivering net zero for customers in a way which is affordable, the partnership will see Centrica scale up its offer of market-leading…

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Personnel boost at bullfinch

Climate FinTech hires all-star management team Frankfurt am Main, Germany, August 18, 2021 – bullfinch completes its management team by hiring top-level executives. Niko von Tippelskirch has been newly appointed to the executive management board and will take on the position of Chief Operating Officer (COO). Gabriele Donino has joined bullfinch as Chief Technology Officer (CTO) to lead the development of the FinTech platform, which is a key component in the financing and operations of decentralized green energy projects. bullfinch's Clean-Energy-as-a-Service technology platform bridges the gap between capital and investment opportunities. Strategic partnerships with major investors, utilities, energy hardware providers…

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U.S. large-scale battery storage power capacity increased 35% in 2020

U.S. ENERGY INFORMATION ADMINISTRATION WASHINGTON DC 20585 FOR IMMEDIATE RELEASEAugust 16, 2021 The United States continued a trend of significant growth in large-scale battery capacity, with U.S. battery power capacity reaching 1,650 megawatts (MW) by the end of 2020. According to EIA’s report, Battery Storage in the United States: An Update on Market Trends, U.S. battery power capacity grew by 35% in 2020 and has tripled in the last five years. EIA expects the trend to continue; utilities have reported plans to install over 10,000 MW of additional large-scale battery power capacity from 2021 through 2023. “Growth in U.S. battery…

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EIA expects 7% increase in U.S. energy-sector carbon dioxide emissions as economic activity increases during 2021

U.S. ENERGY INFORMATION ADMINISTRATION WASHINGTON DC 20585 FOR IMMEDIATE RELEASEAugust 10, 2021 Increased economic activity and a changing fuel mix in the electric power sector in 2021 will lead to a significant increase in energy-related carbon dioxide emissions this year, according to the U.S. Energy Information Administration’s (EIA) August Short-Term Energy Outlook (STEO). After decreasing by 11% in 2020, U.S. energy-related CO2 emissions will increase by 7% to reach 4.9 billion metric tons this year. EIA forecasts coal-related CO2 emissions will increase by 17% in 2021 because the share of U.S. electricity generated by coal has increased significantly this year.…

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Bamboo Systems Models How to Reduce Data Center Carbon Footprint with Arm Servers

Bamboo’s new whitepaper crunches the numbers on x86 powered data centers vs those utilizing Arm servers CAMBRIDGE, ENGLAND AND SAN JOSE, CA – July 13, 2021 – Bamboo Systems, a provider of revolutionary Arm-based, enterprise-classed servers architected to meet the needs of today’s software design and data center demands, today released a whitepaper “Reducing Your Data Center Carbon Footprint with Bamboo Arm Servers” which analyzes the energy used by different types of data centers. Bamboo found that an Arm server-powered data center reduces CO2 production by 74 percent, equivalent to almost half a million barrels of oil. Bamboo’s whitepaper model…

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EIA expects growth in electricity sales and generation from renewables through 2022

EIA forecasts U.S. retail sales of electricity will increase by 2.8% in 2021, led by a 5.1% increase in sales to the industrial sector. In the most recent release of our Short-Term Energy Outlook (STEO), we forecast electricity sales will also grow in the commercial sector, though at a slower rate of 2.1%, as many workers continue working from home.

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EIA expects Brent crude oil prices to stabilize then decline as global oil production increases

U.S. ENERGY INFORMATION ADMINISTRATION WASHINGTON DC 20585 FOR IMMEDIATE RELEASEJune 8, 2021 EIA forecasts in the June release of its Short-Term Energy Outlook (STEO) that global Brent crude oil prices will stabilize in mid-2021 and average about $68 per barrel (b) in the third quarter before decreasing to an average of $60/b in 2022. Brent crude oil prices averaged $68/b in May, a 25% increase from January’s average. “In the coming months, we expect global oil production to catch up with the increases we’ve seen in demand in 2021,” said EIA Acting Administrator Stephen Nalley. “U.S. and global oil producers…

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Newable Finance brokerage launches Renewable Energy Finance solution ahead of UK governments plan for Net Zero

Newable Finance have announced the launch of a brand-new Renewable Energy Finance team which will be headed up by Chris Russell, Head of Renewable Energy. Chris brings a decade of specialist experience in the sector. The sector will be a major growth area as businesses look to invest in more energy-efficient methods from both a financial and environmental prospective. Newable Finance have direct access to multiple Renewable Energy focused lenders to source the best tailored and structured finance packages for clients. Leanne Dawson, Head of Regional Broking comments: “With the demand of lending required within the Renewable Energy sector, the…

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Greentech firm Qualus secures additional £1 Million financing

With patented polymer Sfere technology, Qualus is helping tanneries around the world reduce water consumption by up to 40% and chemicals by up to 15% LONDON – Qualus, the leading provider of sustainable solutions to the leather industry, has secured £1 million of financing in a round led by Irrus Investments, an Ireland based angel syndicate. Co-investors in the round include CPI Enterprises and angels from Cambridge Capital Group and Harvard Business School Alumni Angels of London. After years of optimising its solution through in-field trials at tanneries, Qualus now has multiple customers transitioning all production to its innovative system…

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New survey shows 'Big Six' losing ground as challenger brands shake up the energy sector

Big Six have lost 8 percent of market to challenger brands in three years Good customer service still the key to consumer trust Price remains the most important factor when choosing to switch provider Green credentials increasingly important for consumers wanting to switch 70 percent of 18-34 year olds want energy conservation advice Email still customers’ preferred channel of communication London, 19 May 2021 – A new survey has revealed that the ‘Big Six’ energy providers have lost ground to challenger brands over the past three years, revealing that the market share of the Big Six has reduced by 8…

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Housing Technology Launches Transformative ‘Housing On Demand’ Streaming Platform – Launch Comment by Midge Ure (Musician), Lord John Bird (Big Issue)

A new ‘on-demand’ streaming app is being launched by Housing Technology, the UK’s leading technology information service and broadcaster for the UK housing sector. The Housing Technology On-Demand app will deliver the expertise of technology leaders from the world of housing to those working in the sector around the clock. Topics range from the future of 3D printed homes to the use of the Internet of Things (IoT) systems for managing areas as diverse as heating, home security and fire safety. The new platform aims to emulate the success of the sector’s leading Housing Technology Executive Conference event, which for…

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