DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,732 Bcf as of Friday, November 8, 2019, according to EIA estimates.
This represents a net increase of 3 Bcf from the previous week. Stocks were 491 Bcf higher than last year at this time and 2 Bcf above the five-year average of 3,730 Bcf. At 3,732 Bcf, total working gas is within the five-year historical range.
Virtual power plants could solve renewable energy’s biggest problem
Unpredictable weather can be a problem for renewable energy sources such as those that rely on clear skies or a steady wind. A virtual power plant can potentially close the gap between those challenges without supplements from fossil fuels. By connecting various sources of clean energy production, generation, and storage through a cloud-based platform, these aspects can be controlled to ensure adequate energy meets distribution needs.
Forecasts, production and storage data along with market prices help match demand with supply in real time. However, it is not without faults and finding a balance between all locations is key. Cyber security is also a threat and must be a priority investment. Another large step towards a green energy future in the making.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.channel3000.com/news/virtual-power-plants-could-solve-renewable-energys-biggest-problem/1140159601
One underperforming sector is making a stealthy comeback this month
After a rough summer, energy stocks have begun to improve. At the moment, the sector is the “best performer on the S&P 500”. This time of year is typical of a shift but, the increase follows a large hit causing it to be the worst performer in August 2019. Technological advances in the industry have caused various movements throughout the sector but predictions say we should continue to see the upward trend.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.cnbc.com/2019/11/06/the-energy-sector-is-making-a-stealthy-comeback-this-month.html
Wind Energy supplies nearly 7% of US Electric Demand
There are many ways to measure growth such as this table showing how wind energy went from near 0% to over 7% in less than 9 years.
During that same time, coal declined by half as solar increased by 2%.
During this period, US electric consumption increased by 10%.
If you have followed any technology over the last several years, you are aware that natural gas and solar use has increased but wind is the real story.
Wind energy is the least costly energy source in the US. This fact is not a political statement but can be verified by any US utility that sought competitive bids for energy supply in the last 9 years.
The forecast is more of the same. This shift in energy production occurred without tapping the largest wind energy resource utilized by Asia and Europe: off-shore wind.
Wind energy requires jobs. For every loss of a coal job, at least 1.5 jobs were added in wind and clean energy. However, job losses and gains were typically not in the same areas.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.awea.org/2018-market-report_us-wind-power-grew-8-percent-in-2018
https://en.wikipedia.org/wiki/Growth_of_wind_power_in_the_United_States
https://www.cnbc.com/2019/10/31/us-wind-energy-capacity-now-over-100-gigawatts-says-new-report.html
An Energy Breakthrough Could Store Solar Power for Decades
Storing renewable energy is one thing. Releasing it in the form of heat, is another. Releasing it decades after being captured is a whole new frontier. Swedish scientists have discovered a way to do so with an energy-trapping molecule and a system to outshine lithium-ion batteries. Another innovation developed by the same team is a transparent coating that collects solar energy and releases heat. Imagine the ways we could use these products… transportation, clothing, buildings, cooking, etc. With more funding and research, hopefully we will see these systems available to consumers within the next few years.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://www.bloomberg.com/news/articles/2019-11-04/moth-poulsen-s-energy-trapping-molecule-could-solve-solar-storage
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,695 Bcf as of Friday, October 25, 2019, according to EIA estimates.
This represents a net increase of 89 Bcf from the previous week. Stocks were 559 Bcf higher than last year at this time and 52 Bcf above the five-year average of 3,643 Bcf. At 3,695 Bcf, total working gas is within the five-year historical range.