A key finding from comparing the results of ‘No new offshore leasing’ in the GOM with the AEO2023 Reference case was domestic U.S. production of natural gas starts to decrease around 2040 and is 0.5% lower in 2050 than projected natural gas production. 👉 bit.ly/48ueSy1

Wood Mackenzie states their new report uncovers that "The Inflation Reduction Act is set to increase cumulative wind energy installations in the US by over 50% in the next 5 years" - wood mackenzie #offshorepower #offshorewind #windenergy #windpower

The sun isn't only important for solar energy; it can have a positive impact on your mental health. The NIH states, "Vitamin D is considered to be a crucial factor that influences symptoms of depression, negative emotions, and quality of life." #WorldMentalHealthDay

Given the importance of critical materials for the U.S. economy and energy transition, OnLocation and KeyLogic started an initiative on Critical Materials Research and Analysis to assess essential questions regarding the future demand for them. ➡️ bit.ly/3PK1deY

OnLocation’s holistic, multi-model approach energy modeling allows us address complex questions in the energy sector, ensuring we deploy the optimal tool for garnering pivotal insights. For more information about OnLocation’s integrated energy modeling 👉 bit.ly/3PRUrDX

A key finding from comparing the results of ‘No new offshore leasing’ (NNL scenario) in the GOM was crude oil and natural gas demands in NNL are slightly lower than the projected demands in the AEO2023 Reference case (~0.7% by 2050). More highlights 👉 bit.ly/48ueSy1

"The new report explores the potential energy future of the U.S and Canada to the middle of the century, and it forecasts 12 trillion dollars will be spent in the two countries on grid and renewables between now and 2050." - @REWorld #renewableenergy #greenenergy

"Innovation has been, and will continue to be, an essential driver in propelling the nuclear energy sector forward - but the industry must be prepared to embrace innovation in all areas, not just technological innovations." - @W_Nuclear_News #nuclearpower #nuclearenergy

The shift to a clean energy system is supported by variety of policies, which drives a substantial increase in the requirements for critical materials which cannot be met with the current domestic supply. 👉 bit.ly/3PK1deY #criticalmaterials #renewableenergy

SC-CCES technology offers several potential benefits: high energy efficiency and low carbon footprint; the thermal storage system would allow the unit to run at a steady-state level even during low demand periods. Full article ➡️ bit.ly/3YcmS1X

The findings indicated a propensity for BEV integration into the US light-duty vehicle fleet to be the most important driver in reaching EPA’s emissions targets. Learn more about EPA’s OMEGA Model findings 👉 bit.ly/3Pcf6kH #CO2emissions #greenhousegases #EVs

"Monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have been generally declining so far in 2023, but these relatively low prices do not immediately translate into lower retail prices for residential consumers." - @EIAgov #naturalgas #energy

"Chris Seiple, vice chairman, power and renewables for Wood Mackenzie said that with the Inflation Reduction Act (IRA) driving the economic competitiveness of renewables, annual capacity additions will nearly triple in 10 years to 110 gigawatts (GW)." - @WoodMackenzie

Achieving #climategoals and transitioning toward #decarbonizedenergy systems requires an accelerated deployment of #cleanenergy technologies, leading to significant increases in the demand of #criticalmaterials. Learn more 👉 bit.ly/3PK1deY

"A long-term power purchase agreement signed between Holtec Palisades Energy and the non-profit Wolverine Power Cooperative is described as a "significant milestone" towards restarting the 800 MW Palisades nuclear power plant in the USA." - @W_Nuclear_News #nuclearenergy

The OnLocation team put the OMEGA model through its paces and ran different scenarios focusing on sets of assumptions specified by POET. Find out more 👉 bit.ly/3Pcf6kH #CO2emissions #greenhousegases #EVs #electricvehicles

"U.S. ethane production rose because of increased natural gas production." - @EIAgov #ethane #naturalgas

TOMORROW, we will be hosting a public webcast to discuss our new white paper, "Critical Materials Demand for U.S. Electric Vehicles to 2050: Special Application of the National Energy Modeling System" Register for this FREE event! 👉 bit.ly/467rol6

Ongoing and accelerated decarbonization actions in the United States and abroad will continue to drive an energy transition with appreciable changes to the electric power, transportation, manufacturing, and other sectors for decades. Read our full study👉 bit.ly/3sDWq5A

"Hybrid, plug-in hybrid, and battery-electric vehicle sales in the United States have increased in recent years as sales have decreased for non-hybrid gasoline- or diesel-fueled vehicles." - @EIAgov