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Growing four pounds of marijuana at an indoor facility can consume as much electricity as  the average American home uses in a year. Cannabis growth is now responsible for 1% of all U.S. electricity consumption per year, and this consumption is expected to increase to 3% by 2035. Put another way, a cannabis grow operation can utilize as much power as a data center, so on-site solar energy generation can…

As the world grapples with the challenges of climate change, the adoption of renewable energy sources has become paramount. In this regard, the Tri-State area, encompassing New York, New Jersey, and Connecticut, has emerged as a leading hub for renewable energy innovation and implementation. With a shared vision of a sustainable future, these states have made significant strides in developing a thriving renewable energy market. In this article, we will…

Week Beginning May 15, 2023 The House and Senate are slated to be in session together for four days before June 1, which the U.S. could default on its debt, and there is still no deal in place to ensure the U.S. doesn’t run out of money. President Biden says negotiations are moving along, but Treasury Secretary Janet Yellen says a default could cause “an economic catastrophe.” Petroleum Gasoline prices were down again…

Week Beginning May 1, 2023JPMorgan Chase is in talks to buy failing bank First Republic for over $10 billion. JP Morgan will acquire $173 billion of loans and $30 billion of securities from First Republic. JPMorgan is the largest bank in the United States. First Republic is the third bank to fold in the last seven weeks. In the previous two years, there were zero. Petroleum The International Energy Agency (IEA) is coming under fire…

Week Beginning April 10, 2023The Environmental Protection Agency is expected to make an announcement on Wednesday in Detroit that could require up to 67% of new vehicles in the United States to be all electric. Analysts warn this is very ambitious, as less than 6% of new cars sold in the U.S. were electric in 2022. Petroleum Oil prices have been rising for the last three weeks as OPEC+ members have cut supply. Last…

Recent M&A Activity: February 10, 2022: Great River Hydro, an operator of hydropower generation facilities across New England, was acquired by Hydro-Québec for $2 billion on February 10, 2023. The company owns, operates, and manages a portfolio of energy-generating assets, including hydroelectric facilities, stations, associated dams, and reservoirs which aims to address numerous socio-economic issues related to river flows, energy development, and natural resource management as well as support local communities in the…

Week Beginning March 6, 2023Experts say Russia’s invasion of Ukraine has boosted the United States’ exports of oil and gas, making the U.S. one of the world’s top energy-exporting nations. During the last week of February, the U.S. exported a record 11.1 million barrels of oil per day. The U.S. also leads natural gas exports, currently exporting 10 Bcf per day. Petroleum The EIA says that diesel prices in Europe could be volatile this spring…

Over the past few years, the tri-state region, which consists of New York, New Jersey, and Connecticut, has made major advancements in the adoption of renewable energy sources. The following are some of the most recent regional developments: The ambitious clean energy targets for New YorkThe Climate Leadership and Community Preservation Act, which New York Governor Andrew Cuomo signed in 2019, calls for the state to use 70% renewable energy…

Electricity Pricing and Natural Gas Pricing at PJM Generation Facility The PJM Generation Facility is a large-scale energy generation facility that supplies electricity to a significant portion of the eastern United States. The facility utilizes a variety of energy sources, including natural gas, coal, and nuclear power, to generate electricity. In this blog post, we will explore the pricing of electricity and natural gas at the PJM Generation Facility and…

Week Beginning February 13, 2023Last night, the two best teams in the NFL faced off in Arizona for the Super Bowl. However, most people say they tuned in just for the commercials. NPR breaks down the best and worst of this year’s commercials. Petroleum Russia said it would cut oil production by 500,000 barrels per day, beginning in March, which equates to 5% of its exports. According to the International Energy Agency, Russia’s crude output…