Advanced Energy Perspectives

U.S. Gas Market Disrupts Coal, Plays Increasing Role in Global Markets

Posted by Frank Swigonski

Jul 19, 2017 5:00:49 PM

This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.

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Historically, the United States has imported large quantities of natural gas, mostly from Canada. In 2005 alone, the United States imported 4 trillion cubic feet of this fuel. But hydraulic fracturing has resulted in an abundance of domestic natural gas supply. The U.S. Energy Information Administration (EIA) expects the country to become a net exporter of natural gas in 2017 for the first time since 1958, citing declining pipeline imports from Canada, increased pipeline exports to Mexico, and greater LNG exports elsewhere. By 2026, EIA projects U.S. exports at 4 trillion cubic feet even if oil prices remain at current lows.

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Topics: Advanced Energy Now Market Report

CHP Provides Onsite Power for Industrial Customers, and Others

Posted by Frank Swigonski

Jul 11, 2017 11:34:00 AM

This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.

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A CHP system at the University of Arizona.

For roughly a century, CHP systems have been reliable, cost-effective sources of power and thermal energy in both industrial and commercial building applications. Representing as much as 8% of U.S. electricity generation, CHP systems are used widely in manufacturing, hospitals, district heating, commercial buildings, and even residential applications.

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Topics: Advanced Energy Now Market Report

Biofuels Meet Targets

Posted by Frank Swigonski

Jun 27, 2017 6:18:03 PM

This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.

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Global biofuel markets are driven by a unique elixir of national annually adjusted production targets, oil prices, and desire for energy independence. Biofuels have endured more than a decade of scrutiny for everything ranging from subsidies to environmentalist concerns to possible impacts on food prices. Despite all of this, biofuels have proven a resilient global market led by the United States and Brazil. Revenue from ethanol production dropped dramatically in 2016 – down to $37 billion globally, and to $20.6 billion in the United States – as ethanol prices have fallen in competition with low-priced oil (see figure below). In both worldwide and U.S. markets, ethanol revenue hit its lowest point in the six years Navigant Research has been tracking the industry. In addition to the low oil prices, and resulting low gasoline prices, low corn prices contributed to the decline in ethanol pricing. Corn prices also fell to the lowest in a decade in October 2016, right after the U.S. corn harvest ended.

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Topics: Advanced Energy Now Market Report

U.S. Biofuels Take Revenue Hit But Get New Target Less Constrained by ‘Blend Wall’

Posted by Frank Swigonski

Jun 20, 2017 3:02:00 PM

This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.

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The biofuels market in the United States is primarily driven by the Renewable Fuel Standard (RFS). While Congress set the original targets in 2007, the U.S. Environmental Protection Agency (EPA) sets the final mandate for each calendar year to adjust for market conditions. In 2016, the EPA expanded the biofuels market by nearly 1.2 billion gallons for 2016, and another 1.17 billion gallons for 2017 across the four major renewable fuel categories: advanced biofuels; biomass-based diesel; cellulosic biofuel, made from cellulose or lignin; and “renewable fuel,” primarily corn-based ethanol, the largest category.

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Topics: Advanced Energy Now Market Report

Future of Clean Diesel is Uncertain in the Face of Electric Vehicles

Posted by Frank Swigonski

Jun 13, 2017 11:58:08 AM

This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.

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Because diesel engines are more fuel efficient than gasoline engines, diesel has become a popular automotive alternative, especially in markets where gasoline prices are higher than or equal to diesel prices, most notably in Europe and India. The traditional challenge with diesel engines is that they are more polluting than gasoline engines, but auto (and truck) makers have made great strides toward reducing the emissions of these fuel-efficient vehicles, giving rise to the term “clean diesel.” Navigant Research considers diesel vehicles that meet or exceed the EU’s Euro 5 standards or the U.S. Tier 2 standards to be clean diesel vehicles. Clean diesels have been heavily adopted in the European market, where they are credited with dampening the initial sales of gasoline-powered hybrids. It looked like North America, the second largest automotive global market, was primed to follow Europe’s lead. Then came “Dieselgate.”

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Topics: Advanced Energy Now Market Report

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