Archive for September, 2012

Renewable Energy News: The Current State of Geothermal Energy in the U.S.

Sunday, September 23rd, 2012

In its simplest form, geothermal energy is heat from the Earth. This clean and renewable energy source is harnessed commercially and converted into electricity. And while geothermal energy use accounts for just 1% of the total United States electric production, with a current installed capacity of 3,187 MW spread throughout nine states, geothermal use has grown by 3% annually over the past 10 years.

The future of geothermal energy is bright and for good reason. Unlike other renewable energy resources, like wind and solar power, geothermal energy has far fewer variables. While wind power and energy power are affected by nature, geothermal energy is available twenty-four hours a day, seven days a week, 365 days a year.

Geothermal power is economically attractive, as well. Geothermal electricity is the lowest cost renewable power source around, providing long-term fixed power prices. Oh, and did we mention that geothermal energy can also help reduce the U.S. dependence on foreign fuels?

Still, despite all of its benefits, geothermal energy is a very small piece of the U.S. energy puzzle. But that could change in the near future…

To learn more, please contact CQI Associates by calling 410-740-0667 or visit CQIAssociates.com today!

CQI Associates is a leader in energy and environmental consulting.

As a leader in the business and residential energy market, CQI Associates manages Commercial and Residential Energy Cooperatives in Maryland, Washington DC, Delaware, and Illinois. Our goal is to provide energy and environmental management services that allow our clients to increase profitability by minimizing operating costs.

We custom-tailor our services to suit each and every customer’s unique needs, a proven method that has produced significant results. We save the average customer 8–15% on an annual basis.

You can also follow us on Facebook, Twitter, LikedIn, and Google+.

Sources:

Geothermal Energy

Benefits of Geothermal Energy

A feed-in rate, geothermal power and how to finance it

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World Energy News: United States Domestic Energy Supplies

Friday, September 14th, 2012

The United States recently found itself in unfamiliar waters with an abundance of new domestic energy supplies. Not only has domestic oil production grown by 20% over the last five years, producing one million more barrels per day in 2012 than in 2007, but natural gas is now so plentiful and cheap (averaging $.595 per therm in July) that it could help relieve some of the country’s dependence on foreign oil.

Last month alone, the United States imported 337 Million barrels of oil from foreign countries, sending 34.6 billion dollars overseas.

“As we recover from this recession, the transition to clean energy has the potential to grow our economy and create millions of jobs – but only if we accelerate that transition.

The Current State of Natural Gas in the United States as of September 7th 2012

It was reported that at the end of last week, U.S. natural gas inventories expanded by 26 billion cubic feet (0.8%) to 3.428 trillion cubic feet as the result of increased demand brought on by high temperatures. Energy Department data shows that electricity generators account for 36% of U.S. gas consumption.

“Ongoing production losses due to Hurricane Isaac were one limiting factor on storage injections for last week, but cooling demand was stronger too,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York. “With moderate temperatures anticipated over the next two weeks, storage injections will likely rebound to near average rates.”

To learn more, please contact CQI Associates by calling 410-740-0667 or visit CQIAssociates.com today!

CQI Associates is a leader in energy and environmental consulting.

As a leader in the business and residential energy market, CQI Associates manages Commercial and Residential Energy Cooperatives in Maryland, Washington DC, Delaware, and Illinois. Our goal is to provide energy and environmental management services that allow our clients to increase profitability by minimizing operating costs.

We custom-tailor our services to suit each and every customer’s unique needs, a proven method that has produced significant results. We save the average customer 8–15% on an annual basis.

You can also follow us on Facebook, Twitter, LikedIn, and Google+.

Sources:

Editorial: Natural gas production boom alters energy outlook

Monthly Oil Imports

Natural Gas Stockpile Gain Was Third of Normal, Analysts Say

Natural gas storage capacity up 3.3 pct: EIA

 

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