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Energy Stories From The Third Week of October: The FERC Says "Yup, We Think We Do Have the Jurisdictional Authority to Consider Carbon Pricing"
The FERC proposes policy statement that it has jurisdiction over markets to incorporate state-determined carbon prices; MHI Vestas promises an offshore turbine well beyond its current 10 MW platform; Port of Rotterdam announces success w/microgrid; and Ohio turbine to convert to burn hydrogen
1) The FERC says it has jurisdiction over market rules to incorporate state-determined carbon prices in wholesale markets. Chairman Chatterjee "Carbon pricing has emerged as an important market-based tool that has wide support from across sectors." Comments due in 30 days.
2) MHI Vestas to upgrade its 10 MW offshore wind platform. They've been getting kicked around by GE and Siemens Gamesa and recently had a contract expire with Vineyard Wind, that was not renewed. Time to go bigger, much bigger.
3) Port of Rotterdam announces microgrid project demonstrated first high-frequency decentralized energy market. Using blockchain participants both reduced electricity costs 11% and increased the amount of renewables by 14% over 1st 2 mos.
4) Partners New Fortress Energy and GE announce they intend to take a 485 MW gas-fired CCT and use it to burn hydrogen, starting small and ramping to 100% green hydrogen by 2030.
Energy Stories From The Third Week of October: The FERC Says "Yup, We Think We Do Have the Jurisdictional Authority to Consider Carbon Pricing"
The FERC proposes policy statement that it has jurisdiction over markets to incorporate state-determined carbon prices; MHI Vestas promises an offshore...
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