Top Energy Headlines of 2023

What is the Inflation Reduction Act? Everything to know about one of Biden's big laws

By Emma Kaufman, USA Today, May 25, 2023

Most of us hear the words “Inflation Reduction Act” on televised news, on social media, or around the office. But what does it mean for us? Passed in 2022, the IRA covers a massive amount of ground, but contains key provisions focused on home energy costs, investments into clean energy, cutting carbon emissions, and more.

ConocoPhillips Makes FID on Willow in Alaska

By Rocky Teodoro, Rigzone, December 26, 2023

2023 brought massive investment from ConocoPhillips to develop the Willow Project in Alaska. When completed, Willow is estimated to produce approximately 600 million barrels across the lifetime of the project - supporting energy security and the energy expansion around the world.

Check out the "Top 10 Things to Know" about the Willow Project by ConocoPhillips.

Vogtle Unit 3 goes into operation

News provided by Georgia Power, PR Newswire, July 31, 2023

The anticipation was drawn out - but worth it, as Vogtle 3 came online in July of 2023 to start commercial operations. Located near Waynesboro, Georgia, the project’s completion marked the first time in 7 years that a new nuclear reactor began supplying power to the grid. Plant Vogtle 3 & 4 use the Westinghouse AP1000 design - a new and improved design that brings safer, more efficient operations.

Image courtesy of Georgia Power Company, 2023

Capturing Carbon at Industrial Facilities Leads to Billions of Dollars in Annual US Health Benefits

By Ben Finzel, Great Plains Institute, August 7, 2023

According to a study released by Great Plains Institute and Carbon Solutions, LLC, installing carbon capture technologies to reduce emissions from industrial and power facilities has the potential to result in billions of annual health benefits nationwide. Reducing nitrogen oxides, sulfur dioxide, and particulate matter can lead to positive health benefits such as “reductions in adult and infant mortality, asthma exacerbations, and overall costs of lowering risks of all health categories (Finzel, 2023).”

Read the entire report here: “Carbon Capture Co-benefits: Carbon Capture’s Role in Removing Pollutants and Reducing Health Impacts”

Chart courtesy of Great Plains Institute. Total annual health benefits for each region after installing carbon capture equipment with pre-treatment at the representative facilities.

Chart: Global renewables deployments to hit record levels in 2023

By Eric Wesoff and Maria Virginia Olano, Canary Media, August 25, 2023

2023 was a monumental year for renewable energy deployment, thanks to the momentum of supportive policies, global energy security concerns, and rising fossil fuel prices. Driving much of the growth in deployment has been onshore wind capacity.

Chart courtesy of Canary Media, Source: Renewable Energy Market Update, International Energy Agency


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