U.S. Power Demand, Clean Energy Jobs: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
U.S. 2024 Power Use Likely Peaked in July - U.S. demand for power and electricity is on track to hit a record in 2024, but likely already peaked during July after power generation needs declined slightly so far in August. Total power generation across the lower 48 states from January 1 through August 26 was roughly 115 million megawatt-hours (MWh), according to LSEG, which was up 3.4% from the same period in 2023 and the highest since at least 2021. The highest full-month power generation tally so far was 17.24 million MWh in July, which was the highest monthly total recorded by LSEG since 2021. (Reuters)

ENERGY TRANSITION
Report: U.S. Clean Energy Jobs Growth Rate Double That of Overall Jobs - Jobs in the U.S. clean energy sector in 2023 grew at more than double the rate of the country's overall jobs, and unionization in clean energy for the first time surpassed the rate in the wider energy industry, the U.S. Energy Department said on Wednesday. Employment in clean energy businesses--including wind, solar, nuclear and battery storage--rose by 142,000 jobs, or 4.2% last year, up from a rise of 3.9% in 2022, the U.S. Energy and Employment Report said. The rate was above the overall U.S. job growth rate of 2% in 2023. Overall energy jobs rose 250,000, with 56% being in clean energy. (Reuters)

CRUDE OIL
U.S. Crude Oil, Gasoline Inventories Drop - U.S. crude oil inventories decreased 846,000 barrels for the week ending August 23, according to the U.S. Energy Information Administration (EIA). Gasoline inventories dropped 2.203 million barrels last week, with a 275,000-barrel increase in distillates. (IIR)

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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).