May 17, 2020

Obama Ad Touts Energy After Keystone Decision

energy digital
Obama campaign ad
Obama ad
Keystone decisi
Admin
2 min
President Obama's first ad campaign for 2012 says he has kept his promise toughen ethics rules and strengthen America's energy economy
Despite fierce opposition from Republicans after a decision to reject a permit on the Keystone XL pipeline, President Barack Obama's first tele...

 

 

 

 

Despite fierce opposition from Republicans after a decision to reject a permit on the Keystone XL pipeline, President Barack Obama's first television ad for his 2012 re-election campaign discredits his opponents' attacks.

The ad notes that America's clean energy industry is expanding rapidly with over 2.7 million new jobs in place and counting. Additionally, “For the first time in 13 years, America's dependence on foreign oil is below the 50 percent mark,” according to the clip:

Without mentioning the Keystone XL pipeline, Republicans see the ad as defensive as it airs in the electoral battlegrounds states of Iowa, Michigan, North Carolina, Ohio, Virginia and Wisconsin.

"Instead of addressing jobs in his first campaign ad, he’s on defense about failed promises on energy," RNC spokesman Kirsten Kukowski said Thursday in a statement referencing the Keystone XL pipeline decision.

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The Keystone XL pipeline would cost a proposed $7 billion to supply about 700,000 barrels of oil per day (bpd) out of about 20 million bpd needed to meet current demand in the US alone. So, the pipeline would only bring in about 3-4 percent and is not likely to drive down oil prices.

Meanwhile, the Obama administration's decision to reopen the Gulf of Mexico since BP's disaster brought in some $337 million in bids in December's lease sale, permitting oil drilling operations in almost 200 tracts throughout the region. According to the Interior Secretary Ken Salazar, the administration's new five-year Outer Continental Shelf (OCS) program is expected to make over three quarters of undiscovered oil and gas resources available.

 

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Apr 16, 2021

Hydrostor receives $4m funding for A-CAES facility in Canada

energystorage
Canada
Netzero
Dominic Ellis
2 min
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction
The funding will be used to complete essential engineering and planning, and enable Hydrostor to take critical steps toward construction...

Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.

The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction. 

The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.

The project has support from Natural Resources Canada’s Energy Innovation Program and Sustainable Development Technology Canada.

Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.

The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”

A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth. 

Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."

The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.

Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019. 

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