When it comes to natural gas and electricity prices, weather plays a crucial role. Heat waves are often cited as having pricing implications— but it’s not just hot weather. More often, it is the severe cold or massive storms that impact supply and demand, which can potentially lead to fluctuations in energy prices.
As part of Bechtel’s commitment to contribute 100 ideas to support the United Nation’s 2030 Sustainable Development Goals (SDGs), we share insights on leveraging the “human factor” to improve resilience from extreme weather events. These insights are based on a joint IBM-Bechtel field project Puerto Rico.
SDG 11: Make cities and human settlements inclusive, safe, resilient and sustainable.
WALTHAM, MA, June 6, 2018 /3BL Media/ – The Edison Electric Institute (EEI) today presented National Grid with the EEI Emergency Assistance Award and the EEI Emergency Recovery Award for its outstanding power restoration efforts after Winter Storm Riley, Winter Storm Quinn, and a severe wind and ice storm that impacted New York, Massachusetts, and Rhode Island in October 2017, March 2018, and April 2018.
How renewable energy can be reliable to power supply during extreme weather conditions
The recent wave of hurricanes in the US -- Harvey, Irma & Sandy -- have offered municipalities a reminder of the importance of installing assets that can provide resilient power in critical facilities. The need of the hour is to install advanced microgrids equipped with the latest technology that can perform on multiple levels during these extreme weather conditions and grid outages. Microgrids were chosen as one of the options to provide necessary resilience during inclement weather in the recent US Department of Energy’s 2017 Grid Reliability Study.
When it comes to addressing climate change impacts to Berkshire Hathaway’s insurance business, Warren Buffett paints a somewhat misleading picture that minimizes the business risks posed by a demonstrably changing climate. In doing so, Buffett begs serious questions about his company’s planning for climate impacts and undermines confidence in the insurance division’s climate resilience.
FORT WORTH, Texas, Oct. 30, 2014 /3BL Media/ – BNSF announced to its customers this week that it will go into the 2014-2015 winter season better prepared than ever before, especially if the United States experiences a return of the polar vortex. The 2013-2014 winter was one of the most severe winters the United States has experienced in decades with extreme temperatures that persisted for long periods and created special challenges for operating the railroad.
For many years, the Pentagon has issued reports about climate change, highlighting the future possible threats our nation may face from increased temperatures, extreme weather, drought, flooding, and rising sea levels.
The extreme cold temperatures experienced by a large part of the United States this month have highlighted the vulnerability of power systems equipment in such extreme weather. This week’s snowstorm led to power outages in the Northeast, but cold weather alone can be enough to cause problems: The Tennessee Valley Authority, which serves 9 million people in the Southeast, urged customers Thursday to conserve energy to prevent a cold-weather outage. The average person might ask, why would my power go out when it’s just cold outside?