Energy Recap: Corporate Renewable Energy Procurement Reaches New Heights – BP p.l.c. (NYSE:BP)

Energy Recap: Corporate Renewable Energy Procurement Reaches New Heights – BP p.l.c. (NYSE:BP)


Welcome to the latest edition of the Energy Recap. This week, the Business Renewables Center announced that “corporate renewable energy procurement reached a new record in 2018, with 3.57 gigawatts of clean energy projects announced this year to date in the U.S. This number exceeds both the 3.12 gigawatts record set in 2015, the highest previous year, and the 2.89 gigawatts contracted for in 2017.”

As might be expected, many of the big-name tech companies – including Google (GOOG) (GOOGL), Amazon (AMZN), and Apple (AAPL) – contributed to the record high for 2018. And Facebook’s (FB) announcement back in July that it would pay for the construction of six large solar projects to offset power use at its Prineville campus also played a big part. These projects will generate 437 megawatts of power, which is a serious amount of electricity.

Check out this recent interview with Kevin Haley, a program manager at the Business Renewables Center, for more insights.

So, what are your thoughts on this news about corporate renewable energy procurement reaching a new high in 2018? Do you expect the numbers quoted here to increase going forward? Please leave us your thoughts on this or anything else energy related in the comments section below – and regarding those comments, please remember to stay on topic and be kind to your fellow readers.

Energy Articles of Note

“With Shale Acquisition, BP Is Really Back In (U.S.) Petroleum” by Laura Starks

“Torchlight Energy Confirms What Rich Masterson Always Knew, There’s Gold In The Orogrande!” by Fluidsdoc

“Gastar Exploration: A Sober View” by Laurentian Research

Energy Sector Bankruptcies for the Week Ended Aug. 10, 2018

Here’s a list of the most recent bankruptcy announcements in the energy sector:

– None.

Feel free to add any that we might have missed in the comments section below.

U.S. Oil Rig Count

As per Baker Hughes, the number of active U.S. oil drilling rigs rose this week.

Weekly Natural Gas Storage Report and Summary

Natural Gas Rig Count

Oil Production

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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Editor’s Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.



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