Pipelines
U.S. Pipeline Modernization Funding, New York Offshore Wind Bids: Your Daily Energy News
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Wednesday, October 23, 2024
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
U.S. Allocates $196 Million for Natural Gas Pipeline Modernization - The U.S. government will award grants totaling $196 million for the repair and replacement of aging natural gas pipelines across 20 states, the Department of Transportation's Pipeline and Hazardous Materials Safety Administration has announced on Tuesday. The grants, funded by President Joe Biden's Bipartisan Infrastructure Law, will support 60 modernization projects. This round of funding will focus on replacing old, leak-prone pipes which pose safety hazards, inflate energy costs, and contribute to environmental harm. (Reuters)
POWER
New York's Fifth Offshore Wind Call Receives 21 Bids - The New York State Energy Research and Development Authority announced that by the October 18 deadline, it had received 21 full bids as part of the fifth competitive offshore wind solicitation in the state and that one of the previously announced competitors had withdrawn its four proposals. (Renewables Now)
China's September Thermal Power Generation Up from Last Year - China's thermal power generation in September rose 8.9% from a year earlier, statistics bureau data show. Thermal power generation, which refers to generation largely from coal and some gas-fired power plants, was 545.1 billion kilowatt-hours (kWh) last month, according to the National Bureau of Statistics. That was stronger than the 6% rise in power generation from all sources to 802.4 billion kWh. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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