In 2020, the city greenlit a strategy to close the Fayette Power Project plant, intending to eradicate carbon emissions. However, various political, economic, and technological challenges have arisen since then. Two Pivotal Dates Define the Struggles of Fayette Power Project’s Future: In recent years, two significant dates have come to define the uncertain path of…
Exxon Mobil’s subsidiary, XTO Energy, has recently entered into an agreement to divest its oil and gas assets situated in the Freestone Trend area of East Texas. The buyer is Houston-based oil company Hilcorp Energy, as confirmed in filings made with the Texas Workforce Commission. The Freestone Trend area encompasses six Texas counties: Freestone, Limestone,…
How the company isn’t just a utility company for consumer servitude Texas, known for its vast landscapes and thriving industries, is a state where energy holds a paramount role. Among the key players in the Texan energy landscape, CenterPoint Energy stands as a prominent figure. This Houston-based utility company has been instrumental in powering Texas…
On September 19, 2023, the U.S. Department of Energy issued program guidance and initiated the application process for $400 million in funding dedicated to promoting the adoption of enhanced building energy codes In the fight against climate change, elevating energy efficiency and reducing carbon emissions in existing buildings has taken center stage in federal initiatives….
CPS Energy has been chosen by the U.S. Department of Energy (DOE) to receive an allocation of approximately $30.2 million. These funds will further bolster CPS Energy’s ongoing efforts to fortify grid reliability and resilience. This financial support from the DOE will be directed toward advancing CPS Energy’s Community Energy Resiliency Program, which is primarily…
French energy company TotalEnergies has initiated commercial operations for its 380MWp solar-plus-storage venture, named Myrtle Solar, situated in Texas, United States. This project, located to the south of Houston, is accompanied by a 225MWh energy storage system supplied by TotalEnergies’ affiliate, Saft, and features a colossal array of 705,000 solar panels. The majority of the…
Baker Hughes Transitions to Modern Hybrid Work Headquarters in Houston’s Energy Corridor Baker Hughes, a prominent energy company, recently made a significant move by relocating hundreds of its Houston-area employees to a newly refurbished corporate headquarters in the heart of the Energy Corridor. This move marks the latest addition to the growing trend of companies…
Exxon Mobil Corporation announced on Wednesday, during an event held at its headquarters in northern Houston, that the demand for its refineries will persist even as gasoline demand diminishes. The company unveiled detailed plans to produce new products at its refineries in response to the decreasing value of petroleum-based transportation fuels and the increasing need…
Recurrent Energy, the U.S. branch of Canadian Solar, a solar developer, announced on Tuesday that it has secured financing for its solar farm currently under construction in Liberty County, located 50 miles northeast of Houston. Recurrent will receive $120 million in construction debt, a letter of credit facility, and a term loan for the project…
Following clearance from the Federal Energy Regulatory Commission, Sempra has the option to increase the size of its liquefied natural gas project in Port Arthur, valued at $13 billion. The proposed Phase II expansion project would entail the addition of two production units, thereby doubling the number of units and increasing the project’s capacity to…
A report issued by the Federal Energy Regulatory Commission (FERC) has emphasized the urgent need for Congress and state legislatures to implement stricter regulations for natural gas pipelines and power plants in order to enhance their resilience against extreme cold weather conditions. The report, which examined the causes of the Winter Storm Elliott that occurred…
Renewable energy has become a significant contributor to America’s energy mix, with wind and solar leading the way as the fastest-growing sources of green power. According to the American Clean Power Association, over 27,000 megawatts of new wind, solar, and energy storage were installed in the United States in 2021, accounting for approximately 20% of…
Last month, Texas experienced scorching triple-digit temperatures, the Bitcoin mining industry emerged as a lucrative beneficiary, raking in a substantial eight-figure sum. Riot Platforms, a prominent Bitcoin mining company, was among the major beneficiaries, having received a payment of $31.7 million from the Electricity Reliability Council of Texas, the state’s grid operator, for its efficient…
The U.S. Departments of Energy (DOE) and the Treasury, and the Internal Revenue Service (IRS) recently announced several major programs to accelerate domestic clean energy manufacturing and ensure traditionally underserved communities benefit from clean energy technologies. As part of this whole of government approach, DOE is partnering with Treasury and IRS to implement two programs…
As a community, we have faced many challenges; a global pandemic, a record-breaking hot summer, and the continuous rise in natural gas prices. With everything we’ve faced, many of us have needed help to make ends meet. CPS Energy and its community partners have worked together every day to help the people in our community…
To help you stay current on the energy and natural resources industry, here’s a roundup of some recent stories that shouldn’t be missed. Source: PR Newswire
For solid and consistent business success in a competitive construction market, it’s vital that you remain aware of statistics and data. These recent findings highlight the state of construction around Texas and our nation, which will prove valuable in your decision-making when it comes to partnerships, certifications, and expansion efforts. Whether you are a general…
NES Fircroft recently released its annual Women in Energy Global Study. More than 2,400 energy professionals participated in the online survey which explores women’s roles and status in the industry as it undergoes a period of significant change, the barriers women face, and what they need to succeed. The data provides a critical guide…
CPS Energy, the largest municipally owned, fully-integrated electric and natural gas utility in the United States, formally launched a Request for Proposals (RFP) as the company seeks new technology platforms to better serve customers and employees. The RFP seeks vendor(s) to replace its current company-wide Enterprise Resource Planning (ERP) software platforms, including Software as a…
CPS Energy will host a Small Business Opportunity Event as part of ongoing efforts to support the local business economy. The San Antonio City Council recently approved the new Sustainable Tomorrow Energy Plan (STEP), which paves the way for CPS Energy to weatherize up to 16,000 homes and 20,000 multifamily units. Over the next five…
