Tuesday, January 9, 2024

The Book Page -- January 9, 2024

Locator: 46500BOOKS.

From AEI, recently: AEI's favorite books of 2023.

David Shaywitz—Adjunct Fellow

We’re living through a remarkably exciting and dynamic time in both biomedical and digital innovation. Over the last year or so, I’ve had the opportunity to review and discuss a number of books that examine and try to make sense of the opportunities and challenges we’re collectively navigating. Recommended recent reads include:

*************************
Shakespeare -- The Merchant Of Venice

Quick! Name the "merchant" of Venice. LOL.

99% of folks will get that wrong.

Posted by at
Labels:

Weather -- Updates -- Battery Storage -- ISO-NE -- Road To New England -- January 9, 2024

Locator: 46499NE.

Link here.

New England: the story hasn't changed.

  • the energy imports are coming from Trinidad -- as usual
  • wind: 17% of 5% is .... drum roll ...  0.00.85% --- not even one percent contribution to energy needs
  • demand is currently exceeding forecast
  • $82 / MWH

Maine installing more batteries. Link here. Cost: $100 millon-plus for two hours of storage; won't be ready until mid-2025.

Battery projects have key ratings, including the instantaneous power they can release and the duration they can do it for. At 175 megawatts of power capacity, Cross Town will be able to power 175,000 average homes. It’s also rated at 350 MWh, which means it could discharge that much energy for up to two hours.

Houston-based Plus Power has plans to begin construction this spring of the Cross Town 175 MW/350 MWh battery storage installation at the Gorham Industrial Park in the town of Gorham. When completed by mid-2025, it will be one of the largest energy storage facilities in New England. The $100 million-plus project will feature 156 containers spread across five acres in the Gorham Industrial Park with lithium iron phosphate batteries inside. Plus Power is actively involved in the construction of 60 energy storage projects either already operating or in development across the US and Canada.
Posted by at
Labels: ,

Everett Update -- It Gets Tiresome -- January 9, 2024

Locator: 46498NE.

From December 7, 2023:

RBN Energy: pending closure of Everett LNG Terminal poses challenge for New England gas supply.

The Everett LNG import terminal, a mainstay of Boston’s gas grid, is expected to close by the end of May 2024, raising questions about future gas supply in New England. The terminal’s closure is closely tied to the imminent loss of its biggest customer, the 1,413-MW Mystic generating station — the region’s largest fossil-fuel plant. Constellation Energy, which owns both the Everett terminal and the Mystic power plant, has said it can’t keep Everett open next year when the Mystic plant closes unless another gas purchaser takes its place. In today’s RBN blog, we’ll address the impacts of Everett’s potential demise on New England in the short term and on regional gas supply during future polar vortex events.

The fate of the Everett terminal (red diamond in Figure 1) is complicated because it’s one of the only facilities on the East Coast that can accept LNG from giant tankers and regasify it for local use. In addition to the Mystic generating station (yellow triangle), the terminal is also connected to the Tennessee Gas Pipeline (lavender line) and Algonquin Gas Transmission (green line) systems — the primary conduits for gas piped in from the Marcellus/Utica — which feed about 12,000 MW of gas-fired power and provide gas for heating, cooking and other residential and commerciaal purposes. Constellation, an Exelon subsidiary, decided to close the Mystic facility shortly after the Federal Energy Regulatory Commission (FERC) denied a complaint challenging ISO-New England’s (ISO-NE) planning process for replacing the Boston-area facility.

Everett LNG Import Terminal, Mystic Generating Station, and Key Regional Pipelines

Figure 1. Everett LNG Import Terminal, Mystic Generating Station, and Key Regional Pipelines.

Source: RBN 

Updates

Two links:


Posted by at
Labels: , ,

Summary Of Bakken Deals -- 2023

Locator: 46497B.

Previously posted. Just the usual, occasional housekeeping.

Bakken deals are tracked at the sidebar at the right.

The deals:

  • Bowline Transfers Upwards Of 240 Oil & Gas Wells To Neptune Operating, LLC; Natural Gas, Less Than A Nickel Away From $2 -- February 21, 2023 -- link here
  • Ovintiv Update -- Divests All Of Its Bakken Assets -- $18K / Acre -- $22K / Flowing BOEPD -- Buyer Is Grayson Mill — June 3, 2023 -- link here.
  • Ovintiv Update -- Divests All Of Its Bakken Assets -- $18K / Acre -- $22K / Flowing BOEPD -- Buyer Is Grayson Mill — June 3, 2023 -- link here.
  • PetroShale Inc Exits North Dakota Bakken -- June 17, 2023 -- link here.
Posted by at

OXY Vs The Rest -- January 9, 2024

Locator: 46496B.

Personal investing: today, will add to my ABBV position.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source

From Bloomberg today:

January 9, 2024: from Bloomberg today --

Posted by at
Subscribe to: Posts (Atom)