Report: U.S. begins exporting petroleum products for first time in nearly 20 years
For the first time in nearly 20 years, the United States has become a net exporter of petroleum products, according to a report by the Huffington Post. The U.S. Energy Department data shows that the U.S. exported 54,000 more barrels of petroleum products each day than it purchased abroad, beginning November 2010.
The increase in fuel exports was attributed to unrest in the Middle East leading to higher oil prices; a weak U.S. dollar; and increased spending power abroad, particularly in Latin America.
Click here to view chart that tracks the rise and fall of monthly U.S. net imports of total petroleum products since 1993.
PHOTON Lab recognizes JinkoSolar’s high performance modules
JinkoSolar Holding Co. Ltd. said that two types of its monocrystalline modules have been recognized for high yield by PHOTON Lab’s outdoor field test. The field test measures each module’s yield in order to determine the exact amount of kilowatt-hours per kilowatt of installed power that flow from the photovoltaic system to the inverter. JinkoSolar’s first module achieved a chart-topping monthly yield of 126.9 kWh/kW, while the second module yielded 123.8 kWh/kW.
Bolivar Energy Authority chooses Elster for smart grid deployment
Tennessee’s Bolivar Energy Authority has selected Elster EnergyAxis Smart Grid solution to deliver an advanced metering infrastructure system. The EnergyAxis Smart Grid solution will deliver improved operational efficiencies and empower the authority’s electric customers to better manage energy usage and lower energy costs.
BEA services more than 11,000 households and businesses in the utility’s service area. Elster’s Smart Meters will be installed by BEA at residential and commercial locations with a project completion date of September 2012. Elster’s EnergyAxis and Smart Meters will enable BEA to modernize its electric infrastructure and provide customers with clear pricing and usage information, enabling customers to better manage, monitor and control energy consumption and costs.
SolarCity, BofA agree on $1 billion solar projects
SolarCity and Bank of America Merrill Lynch have agreed to terms on financing for SolarStrong, which is the SolarCity’s five-year plan to build more than $1 billion in solar power projects for privatized U.S.military housing communities across the country.
As part of the project, SolarCity plans to partner with the country’s leading privatized military housing developers to install, own and operate rooftop solar installations and provide solar electricity at a lower cost than utility power. SolarStrong is expected to create up to 300 MW of solar generation capacity that could provide power to as many as 120, 0001 military housing units.
The SolarStrong project will allow privatized military housing developers to save money on energy costs that can be reallocated toward quality-of-life improvements and enhanced services for military families. SolarStrong will also help the U.S. Department of Defense secure more of its energy needs from renewable sources operated in parallel with the utility grid.