ResNet Review Volume 21

ResNet Review is the Energy Newsletter for the Shalennial Generation

Here’s our top Energy Headlines for August:

  1. PRAY FOR WIND IN NEW ENGLAND 🙏

PRAY FOR WIND IN NEW ENGLAND

  • This month, New England states will announce the results of the first multistate procurement of offshore wind in the United States.

    • Grab a pencil and a notebook because you are about to witness a masterclass in how to waste taxpayer money delivering expensive electricity to consumers.

  • Developers Orsted, Avangrid, and Engie bid to secure up to 8.5 GW of new offshore wind capacity in Massachusetts, Connecticut and Rhode Island. The multistate procurement will streamline the process for offshore wind investors and should lead to “cost reductions from proposed projects" due to economies of scale, Katie Scharf Dykes, the Commissioner of Connecticut's Department of Energy and Environmental Protection (DEEP), told Reuters Events.

    • God, grant me the confidence to have the highest electricity costs of any region in the US (Maine, Rhode Island, Connecticut, Mass are all in top 10 most expensive)... while being located next to one of the largest energy sources (Marcellus) in the entire world…. And give a straight face quote talking about “cost reductions” from offshore wind projects.

  • The six New England states applied for federal funding for new transmission through the U.S. Department of Energy’s Grid Innovation Program (GIP). Under the “Power Up New England" plan, the states want to build new and upgraded transmission points of interconnection in Southeast Massachusetts and Southeast Connecticut and install battery storage systems to optimize delivery.

    • The same part of the country that would rather burn heating oil imported by cargo ships than build a pipeline to burn nat gas because it’s “greener” now wants the government to build transmission lines and battery infrastructure for their wind farms.

Best of EFT

AI Generated Image for the Well Name of the Month Goes To…

Well Name:

Hot Potato 26 23 Federal 232H

API:

3001549043

Location:

Eddy County, NM

Operator:

Devon

Coming to an Event Near You!

A Little About ResNet

ResNet AI Inc. is an oil and gas software company that specializes in operations surveillance and asset management software, as well as bespoke digital & reservoir services. Our mission is to Unite the Field & Office towards common corporate objectives. Our software and services are purpose-built for oil & gas applications, and if this newsletter isn’t testimony to that - then you should check out Tinder for the Oilfield, or WellTender, or as we Shalennials call it: Tender 🔥 - where you can swipe right, swipe left, and get the right guy to the right job at the right time 😎

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