Titan Energy Moves to Hartford

After 18 years in Rocky Hill, CT, Titan Energy is moving to downtown Hartford, CT in the summer of 2019.  Titan’s new home, The Stark Building located at 750 Main St, provides the company with more square footage and the opportunity to be a part of Hartford’s evolving community.  Click here for more information about The Stark buildings future tenants and Titan’s relocation.  

Titan Energy, The Town of Scotland and Greenskies Renewable Energy Complete Solar Array at Scotland Elementary School

Titan Energy New England, Inc. (“Titan Energy”), a leading full-service energy consulting company and the Town of Scotland, Conn., have partnered with Greenskies Renewable Energy LLC to design, build and maintain a rooftop solar array on the Scotland Elementary School. The solar array will enable the town of Scotland to lower its annual electric costs by approximately $35,000 per year with reliable, clean energy.

Titan Energy Named Energy Broker For CCM Energy Purchasing Program

Titan Energy New England Inc., a leading brokerage company servicing commercial, industrial, non-profit and municipal markets, today announced that it has won a multi-year energy procurement services contract with the Connecticut Conference of Municipalities (CCM). This contract was competitively sourced, and Titan was selected based on its experience, expertise and its strong reputation.

IEA: Gas 2nd Largest Energy Source by 2030

According to the International Energy Agency (IEA), coal will be replaced by natural gas as the world’s second largest energy source within the next 12 years. The estimates are based on the IEA’s "New Policies Scenario" that takes into account legislation and policies to reduce emissions and fight climate change.

EIA: New England's Competitive Electricity Markets Lead to Less Price Volatility

Source: EIA

Source: EIA

Of the six states that comprise New England, all but Vermont have deregulated electricity markets that allow customers to choose among competitive suppliers to provide their electricity. Retail electricity prices paid by customers in New England who choose a competitive supplier are much less volatile than wholesale electricity prices, but temporary increases in competitive retail electricity prices occur at about the same time as the largest increases in wholesale electricity prices.

To read more, click here.

EIA: Natural Gas Storage May Enter Winter at Lowest Levels Since 2005

Source: EIA

Source: EIA

EIA forecasts that natural gas inventories will reach 3,263 billion cubic feet (Bcf) at the end of October in its recently released October Short-Term Energy Outlook (STEO), the lowest end-of-October level for U.S. natural gas inventories since 2005. Lingering cold temperatures in April 2018, the coldest April in the past 21 years, delayed the start of the natural gas storage refill season by about four weeks. Coupled with heavy natural gas withdrawals in January 2018, the delayed start to the refill season led to storage levels that have remained lower than the previous five-year minimum. However, late-season injections during the past four weeks have been close to their five-year averages, with injections averaging 81 Bcf compared with the five-year average of 82 Bcf.

To read more, click here.

As Temps Surge in Northeast, Grid Says Power Sufficient

Utilities in the U.S. Northeast expect to have enough power to keep the lights on as homes and businesses crank up air conditioners to escape a heat wave, the region’s power grid operators said on Tuesday.

Temperatures in the biggest U.S. Northeast cities were all expected to reach the 90s Fahrenheit (32 Celsius) this week, the highest so far this summer. Grid operators have asked businesses to reduce demand when possible.

“We expect to have sufficient capacity through the heat wave but we will continue to closely monitor regional electricity supplies,” said Marcia Blomberg, a spokeswoman at ISO New England, which operates the grid for the six New England states.

To read more from Reuters, click here.