Skeptics of renewable energy resources have stood by the argument that hydro, wind, and solar power would not be able to meet the needs of whole communities or countries.  These disbelievers were proven wrong this week during a test project by WindEurope in Denmark.

For one full day the country, Denmark, fully utilized wind energy to power their nation.  With about 97 GWh of wind energy, the country was able to sustain 10 million residential homes.  This achievement comes as great news for companies in the wind energy sector – free PR is always good, but it also speaks to the viability of wind as a major power generation source.

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Julia St. Germain, Breaking Energy Staff

Parker Hannifin (NYSE: PH), an American energy company, recently announced the completion of the Cochrane energy storage facility, a project undertaken with AES Gener.  The partnership with the Chilean energy producer and supplier has resulted in a large plant located Mejillones, Antofagasta, Chile. The facility will provide spinning reserve and grid reliability services to Northern Chile, part of the Norte Grande Interconnected System. This system in particular primarily provides energy to the country’s mining operations, which take place in the north. The facility can provide 20 megawatts of energy storage.

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Danielle Izzo, Breaking Energy Staff

For the past two years oil prices have suffered because of excess supply.  To respond to this slump, OPEC, in conjunction with other oil producing countries, came to an agreement that would ensure a reduction in the production of crude oil.  As of January 2017, the agreement has gone into effect with strong support from participating countries.

According to the International Energy Agency reported that 90% of the countries in accord with the agreement have maintained support and participation.  The price of the OPEC Reference Basket rose from $25 per barrel in 2016, to $52.40 per barrel in 2017 largely thanks to OPEC’s supply cut.

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There are distressed energy investors, investors who are distressed about energy, and then there are investors who will buy distressed properties that no one else would touch with a ten-foot pole. Of late that last group is starting to become interested in an area of the world that is radioactive to every other investor out there; Iraq.

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Breaking Energy Staff

As China’s economy grows larger, it is slowing down. But the advancing economy is also creating new opportunities. That reality was on display recently as China announced the opening of a new railroad link between London and China.

The train line will be one of the longest in the world spanning roughly 7.500 miles – nearly a third of the circumference of the Earth and after leaving China the train passes through Kazakhstan, Russia, Belarus, Poland, Germany, Belgium and France before reaching England. The news might seem like merely another PR stunt by China trying to display economic muscle, but it also has some meaningful information for investors in the energy and materials industries.

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The wind industry privately worries that MLPs are a bargaining chip for their tax credit.

Master limited partnerships are currently the policy du jour in Washington. And unlike the hollow “momentum” earlier this year for a carbon tax, MLPs actually have bipartisan support and legislative potential. Keep reading →

If you are looking for Breaking Energy on Monday morning, you’ll find us at breakingenergy.com. There you will find the same coverage, the same resources, and the same team, with some minor adjustments.

We will also stick to the same goal – to continue covering energy market complexities in an accessible manner, from the oil & gas value chain to renewable energy project development, the evolving nuclear industry and other critical domestic and international energy issues. We will continue to do our best to represent all stakeholder voices, from industry to the environmental community, regulatory bodies and investors. We are a safe place for energy discourse, where the industry community can obtain, share and disseminate information and ideas. Keep reading →

Moody’s analysts are have weighed in on prospects for liquefied natural gas (LNG) exports from the US, forecasting that chemical companies and utilities could see some negative impact from higher domestic natural gas prices, but not enough to bring down their credit ratings.

Moody’s expects US LNG export capacity to rise to 6.3 billion cubic feet per day by 2020 – equivalent to 178.4 million cubic meters per day, compared with global exports totaling 330.8 billion cubic meters per day in 2011, according to BP’s Statistical Review of World Energy. “We do not expect the volume of exports from North America will have a significant impact on the global LNG trade during this decade,” the rating agency said in a report, The Prospect of US LNG Exports Influences Pricing and Gas Markets Worldwide. Keep reading →

As we transition over from Breaking Energy to the new Breaking Energy site on May 6, we will be offering a new feature that seeks to explain, in simple, accessible language, some of the terms that we throw around in our stories. We will also provide links to help direct you to resources that can offer more exhaustive detail.

There’s no reason an electrical engineer should be able to make the immediate mental leap from GTL to gas-to-liquids, the expensive process that can turn gas into liquid automotive fuel, or that an oil and gas lawyer will have any idea what ISO stands for (Independent Systems Operator). We aim to make our coverage accessible to as wide an energy audience as possible, and we also hope to offer a resource for newcomers to the energy industry who just don’t speak the language yet. Keep reading →

The need to secure the electric grid against cyberattacks has attracted attention at both the corporate and policy level. But no one actually knows what “secure” really means, and making that determination may prove challenging.

Decision-makers at energy companies and on Capitol Hill have been alerted to the danger of a cyber attack on the electric grid. While those concerns may be valid, calls to “secure the grid” assume a level of knowledge of the state of grid security that even experts in the field may not possess, said IBM Energy Security Lead Andy Bochman at the Advanced Energy Conference in New York this week. Keep reading →

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