Wind Leads the Way in New US Electricity Generation Capacity

Wind pic

Wind
Image: zerohedge.com

Formerly a Shell executive, David Lawrence is an energy advisor and investor who brings focus to oil and natural gas solutions, as well as those involving renewables such as wind and solar power. David Lawrence has a wealth of experience working with Shell, large and small independent energy companies, investors including private equity and buy and sell side analysts, government and academia that informs his efforts to strategically position energy firms and service providers at the cusp of the energy transition, including emerging green energy markets, unconventional and conventional oil and gas plays around the world, the evolving role of natural gas and comparative energy scenario outlooks.

A Windpower Engineering and Development article from early 2019 highlighted wind capacity’s emergence as a driver of new electric generating capacity. As reported by the US Energy Information Administration (EIA), electric power capacity that comes online this year will come primarily from renewables. With expected capacity additions totaling 23.7 GW for 2019, capacity retirements will amount to only 8.3 GW.

Among utility-scale capacity additions, wind power leads the way at 46 percent, with natural gas reaching 34 percent and solar photovoltaics, 18 percent. The two percent remaining comes from sources such as battery storage capacity and other renewables. Major coal retirements are expected to occur during the latter half of 2019, with Navajo, which has maintained Arizona operations since the 1970s, expected to retire its 4.5 GW capacity.

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The United States Produces its Highest Level of Natural Gas in 2015

The Energy Collective pic

The Energy Collective
Image: theenergycollective.com

Formerly leading in executive positions at Royal Dutch Shell and Shell Upstream Americas, David Lawrence serves as chairman of the Lawrence Energy Group. He was also recently appointed as a special liaison on Stone Energy Corporation’s independent directors, advising on matters of restructuring and strategy. In an effort to help educate the community on energy and climate issues, including the natural gas and oil sector, he contributes to an forum called The Energy Collective.

According to an article published through The Energy Collective, the United States energy sector performed optimally in 2015. The nation recorded a record high, 79 billion cubic feet per day (Bcf/d), in natural gas production. The rate indicated a five percent increase from the year prior and reflected gross withdrawals as well as marketed and dry natural gas production.

States making the greatest impact were Pennsylvania, Ohio, West Virginia, Oklahoma, and North Dakota. Together, the states made up 35 percent of production during the year. Pennsylvania and Ohio led the group with 1.5 Bcf/d and 1.4 Bcf/d, respectively. Ohio in particular grew 41 percent from 2014, which resulted from excavation in the Utica Shale play, an area expected to thrive in the coming years.