With plans to purchase 500 million gallons of sustainable aviation fuel (SAF), as well as a conditional pre-order for electric planes from Vertical Aerospace Group Ltd., American Airlines Group Ltd. is gaining speed in its climb toward net-zero emissions by 2050. American announced last week it finalized an agreement with biofuels producer Gevo Inc. to…
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Sempra, Entergy Aiming to Shore Up Low-Carbon Energy Supply for Port Arthur LNG
Sempra Infrastructure said Tuesday it has signed a memorandum of understanding (MOU) with utility Entergy Texas Inc. to develop renewable energy capacity in Southeast Texas to serve Sempra’s Port Arthur LNG terminal and other projects in the area. The companies are aiming “to accelerate the deployment of new renewable energy generation resources and to increase…
NextEra Plans to Convert 16 GW of Natural Gas Fleet to Hydrogen
Florida-based NextEra Energy Inc., already one of the largest solar and wind utilities, said it is planning to convert 16 GW of its 20 GW-plus natural gas electrical generation fleet to run on green hydrogen as it continues to move toward zero carbon emissions. The utility’s principal subsidiary, Florida Power and Light Co. (FPL), recently…
Iowa’s ‘Plausible’ Net-Zero Pathway Calls for Surge in Natural Gas Generation
While Iowa could require 35-199 GW of additional installed wind capacity to meet net-zero carbon emissions by 2050, land use ordinances and regulatory hurdles leave the door open for natural gas to play a role in decarbonizing, according to estimates. As of 2020, wind comprised about 57% of Iowa’s electricity supply, according to researchers with…
Canadian, U.S. Energy Leaders Warn Strict Environmental Policies Contributing to Inflation
Canadian oil and gas leaders and a former U.S. ambassador warned Monday that inflationary pressure and volatile energy markets impacting North America and Europe are directly related to restrictive environmental policies. “The influence of energy is so large it’s difficult to comprehend,” Alberta industry elder statesman Mac Van Wielingen said Monday during the Pacific NorthWest…
Tallgrass Seeking to Convert Natural Gas Pipeline System to Transport CO2
Trailblazer Pipeline Co. LLC (TPC) and Rockies Express Pipeline LLC (REX) are moving through the regulatory process with plans to abandon the Trailblazer system and repurpose the infrastructure for carbon dioxide (CO2) transportation. The two Tallgrass Energy Partners-owned midstreamers in late May filed plans for the abandonment project with FERC. The plan involves abandoning 392…
GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin
The Department of Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) has identified two sites in the Gulf of Mexico (GOM) that could support offshore wind development in an area that has long been one of the major natural gas and oil breadbaskets. The largest of the two proposed wind energy areas (WEA) spans 546,645…
Natural Gas Utilities Viewed as Attractive Investments for Returns, Role in Energy Transition
With natural gas viewed as a low-cost energy resource that is not easily replaced, natural gas utilities remain an attractive investment amid the energy transition, according to a study commissioned by a pair of gas associations. The study, conducted by global consultancy Guidehouse Inc. for the American Gas Association (AGA) and the Canadian Gas Association…
BlackRock Purchases RNG Producer for $700M
Vanguard Renewables, a renewable natural gas (RNG) producer with projects across New England, said it has been acquired by BlackRock Real Assets. A source familiar with the deal told NGI that BlackRock purchased the RNG producer from Vision Ridge Partners for $700 million. The investment could help Vanguard Renewables develop its plans to bring more…
CPUC Explores Handing Customers Demand Response-based Prices
California commissioners last week approved a ruling that opens the door for programs that would allow utility customers to adjust their electricity use in response to price signals. In late June, the Energy Division (ED) of the California Public Utilities Commission (CPUC) recommended in a white paper that the commission take on policies that promote…