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India cuts LPG prices for domestic households by 18% to tame inflation India is cutting LPG prices by 18% for domestic households, government officials said Aug Weak industrial demand drags down EU fossil power generation: Ember EU power generation from fossil fuels plunged to a record low in the first half of 2023 on softer... * Oil LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture Energy Transition I Need Advisory Solutions/Consulting Market Insights and Analytics Commodity Prices and Essential Market Data Real-Time News, Prices and Analysis Maps and Geospatial Data Forward Curves and Risk Valuation Data Latest Release Notes Data and Distribution * Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints References Market On Close Index Sourced Data (Survey) Methodology Review & Change MOC Participation Guidelines Holiday SEE ALL REFERENCE TOOLS * Latest News Headlines All Topics Videos Podcasts Special Reports Infographics Insights Magazine Insight Blog Research & Analysis Top 250 Rankings Latest in Market Insights Greater options to manage LNG price risk emerge after natural gas market turmoil The LNG industry is finding new solutions to manage risk following last year's price surge where unhedged exposure into Europe ballooned to tens of millions of dollars per cargo. Beijing issues new oil product export quotas to encourage outflows China has issued new oil product export quotas to enable oil companies to send their surplus barrels overseas, senior officials with two quota holders said on Aug. Infographic: Qatar's vast LNG expansion Qatar has picked partners for its expansion of LNG production capacity but picking the buyers has taken more time. Just 11.8 million mt/year of supply from the two expansion projects has been contract * PLATTS ANALYTICS PRODUCT PLATFORM ACCESS ANALYTICS HUB * All Events Webinars Conferences Methodology Education Training and eLearning Forums Global Energy Awards Global Metals Awards Featured Events Forums S&P Global Commodity Insights Lagos Forum * 31 Aug 2023 * Lagos, Nigera Forums APPEC 2023 * 31 Aug 2023 * Lagos, Nigera Forums Calgary Energy Forum * 06 Sep 2023 * Calgary, Canada In this list Energy Transition New York to provide $12 million to advance EV adoption, power grid integration Energy | Energy Transition Platts Custom Analytics Energy | Electric Power | Energy Transition | Hydrogen | Metals | Steel | Shipping | Containers Market Movers Americas, Aug. 28-Sept. 1: Cooler weather, high inventories spell bearishness in US power, container freight LNG | Hydrogen | Energy Asia Hydrogen & LNG Markets Conference 2023 Energy | Natural Gas | Oil | NGL | LPG India cuts LPG prices for domestic households by 18% to tame inflation Oil | Natural Gas | LNG | Carbon | Emissions | Energy Transition | Electric Power | Coal | Energy | Electricity | Biofuels | Commodities Road to COP28 Energy | Natural Gas | LNG Greater options to manage LNG price risk emerge after natural gas market turmoil * Make Decisions With Conviction FOR FULL ACCESS TO REAL-TIME UPDATES, BREAKING NEWS, ANALYSIS, PRICING AND DATA VISUALIZATION SUBSCRIBE TODAY. Subscribe Now * Energy Transition * 03 Aug 2023 | 19:19 UTC NEW YORK TO PROVIDE $12 MILLION TO ADVANCE EV ADOPTION, POWER GRID INTEGRATION * * * * * * * * Author Jared Anderson * Editor Gary Gentile * Commodity Energy Transition * * * * Highlights Awards of up to $3 million will be granted Seeks to reduce power grid peaks, provide grid benefits * * * * * * * * Author * Jared Anderson * Editor * Gary Gentile * Commodity * Energy Transition New York Governor Kathy Hochul Aug. 3 released a $12 million initiative to advance electric vehicle adoption and power grid integration, with the initiative also aiming to support demonstrations of medium- and heavy-duty electric and hydrogen fuel cell technologies. NOT REGISTERED? Receive daily email alerts, subscriber notes & personalize your experience. Register Now "As New York continues to advance toward a zero-emission future, it's imperative that we continue to improve the affordability of clean transportation ownership as we scale up a resilient and reliable energy grid," Hochul said in a statement. "This $12 million initiative offers an innovative way to do both — exploring and supporting options for vehicle charging infrastructure that also provides energy back to the grid," Hochul said, adding that "we are committed to making it possible for both residents and companies to transition to owning and charging electric vehicles — building a greener future for all." The initiative will help the state's transition to zero-emission vehicles by 2035, along with advancing the Climate Leadership and Community Protection Act requirements to achieve a zero-emission power sector by 2040 and reduce greenhouse gas emissions 85% by 2050. The action will be structured as a competitive program run by the New York State Energy Research and Development Authority. The initiative's goals include: * Advancing well-managed EV charging infrastructure and reduced grid integration costs * Improving the economics of EV ownership for residential consumers and commercial fleet managers * Spurring research and innovation that supports widespread deployment of EVs as a beneficial asset to both EV owners and grid operators including combining EVs with bi-directional charging, energy storage, and on-site energy generation * Demonstrating medium- and heavy-duty vehicle electrification, either through fuel cell electric vehicles or standard battery operated EVs COMPETITIVE AWARDS Awards of up to $3 million each will be granted for product development along with technology and business model demonstrations that help reduce power demand peaks and "provide grid benefits through managed charging/discharging that will lower the overall cost of necessary electric grid infrastructure upgrades," the statement said. The initiative is expected to enhance utilization of existing power grid infrastructure while contributing to broader deployment of zero-emission vehicles throughout New York by completing successful demonstrations of electric and fuel cell vehicles in hard-to-electrify use cases, like heavy on-road vehicles and construction equipment, the governor's office said. In April, the New York State Public Service Commission kicked off a proceeding to implement policies and programs related to medium- and heavy-duty EV charging infrastructure and planning including proactive investment in the utility infrastructure required to serve transportation electrification, according to the statement. New York is advancing measures that would have all new passenger cars and trucks sold be zero emissions by 2035, along with all school buses being zero emissions the same year. Concept papers for consideration for full proposal submission under the EV initiative will be accepted through 3 pm on Sept. 12 and funding for the initiative is through the state's 10-year, $6 billion Clean Energy Fund. -------------------------------------------------------------------------------- RECOMMENDED FOR YOU LNG,Natural Gas - August 29, 2023 GREATER OPTIONS TO MANAGE LNG PRICE RISK EMERGE AFTER NATURAL GAS MARKET TURMOIL Read more > Oil - August 28, 2023 BEIJING ISSUES NEW OIL PRODUCT EXPORT QUOTAS TO ENCOURAGE OUTFLOWS Read more > Shipping - August 30, 2023 PLATTS BUNKERWIRE Learn more > To continue reading you must login or register with us. It’s free and easy to do. Please use the button below and we will bring you back here when complete. 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