Angola: Oil Production Reaches 32.6 Million Barrels In January 2025
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Former Energy Secretary Granholm Joins Boards Of U.S. Utility Giant
Former U.S. Secretary of Energy, Jennifer Granholm, will join the boards of U.S. utilities Edison International and Southern California Edison, effective April 1, the two companies have said.
Edison International is one of the biggest electric utility holding groups in the United States. Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to 15 million people across Southern, Central, and Coastal California.
Edison International is also the parent company of Trio (formerly Edison Energy), a portfolio of non-regulated competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial, and institutional organizations in North America and Europe. Granholm, who was President Joe Biden’s Secretary of Energy, “brings extensive experience advancing reliable, resilient, clean energy solutions and deploying zero-carbon technologies from her recent service as U.S. secretary of energy and prior experience as governor of Michigan,” Edison International said in a statement. “Jennifer’s experience as a leader familiar with cybersecurity, physical security and clean energy resources ? and known for working in partnership with utilities and other industries ? will allow her to make important contributions to Edison International, including SCE and Trio,” said Peter J. Taylor, Edison International board chair. As U.S. Energy Secretary, Granholm and the department she led were overseeing billions of dollars of grants and support to U.S. companies, including utilities, to upgrade power system infrastructure. These came from the Inflation Reduction Act (IRA), which the Biden Administration passed to boost clean energy rollout in America. Southern California Edison was part of a consortium, which was awarded last August a $600 million federal grant to upgrade 100 miles of electric transmission lines with grid enhancing technologies to improve reliability and deliver clean, affordable electricity faster. The Grid Resilience and Innovation Partnership (GRIP) grant was awarded to a consortium that includes the California Energy Commission, the California Public Utilities Commission, the California Independent System Operator, Pacific Gas & Electric Company, and Southern California Edison. Source: Oilprice.comUK Power Grid Requires $60 Billion Investment By 2050
The UK could need up to $63 billion of investment in the power distribution network nationally to support additional demand and generation through 2050, double the current pace of additional investment, said the National Infrastructure Commission, the government’s independent infrastructure advisor.
The UK will likely need investments of between $47 billion (£37 billion) and $63 billion (£50 billion) by 2050 as a “step change” is required in investment in Great Britain’s local electricity networks. This investment would be essential to achieve the government’s growth mission and lower long-term energy costs for consumers, the commission said in a report on Friday.
The required investment levels would be at least a doubling of current annual allowances for load related expenditure, on top of business as usual investment, such as end of life asset replacement, the commission added. The National Infrastructure Commission’s report says that with demand for electricity set to double by 2050, the current pace of additional investment in electricity distribution networks must also double to ensure the system can cope with rising demand and connect both new sources of renewable power and new electricity demands to the grid faster. Investments, however, are constrained by legislation. Current regulation by the energy regulator Ofgem “is too complex and doesn’t encourage distribution network operators (DNOs) to make the proactive investments needed to boost network capacity and provide resilience to future climate impacts,” the commission’s analysis found. In the report, the government’s infrastructure advisor calls for “a more proactive approach to both energy regulation and system planning.” Ofgem is currently seeking feedback on proposed changes to the grid connection policy from a first-come first-served approach to prioritizing projects where generation capacity is needed the most and projects are at a more advanced stage of development. The regulator looks to reform the current connections regulation which has become inadequate as some early-queued projects have fallen behind schedule while more advanced projects are waiting for years to connect to the grid. Source: Oilprice.comGhana: Gov’t Is Seeking Private Sector Participation In ECG Not Sale Of ECG
IAEA Team Concludes Site And External Events Design Review For Ghana’s First Nuclear Power Plant
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