MINNEAPOLIS, MN / ACCESSWIRE / September 29, 2022 / Today, National Grid Renewables announced its pledge to donate over $1 million to the Ohio communities of Ross and Pickaway Counties through its 274 megawatt (MW) Yellowbud Solar Project (Yellowbud or the project). Yellowbud will support the Yellowbud Community Fund via annual donations of approximately $54,800 over a twenty-year period and will work with The Chillicothe-Ross Community Foundation (CRCF), a local nonprofit organization, to distribute the funds. "We are thrilled to partner with Yellowbud Solar to enhance the quality of life in the Ross and Pickaway communities," stated Scott Graham, Executive Director for CRCF. "It''s not just power that Yellowbud Solar provides; the Yellowbud Community Fund will annually support nonprofit organizations and schools operating in Ross and Pickaway Counties." As part of its community-focused and farmer-friendly foundation, National Grid Renewables initiates charitable funds for each of its owned and operational large scale renewable energy projects.
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DT Midstream (DTM) has agreed to acquire an additional 26.25% stake in Millennium Pipeline for ~$552M in cash.Under the terms of the agreement, DTM will acquire National Grid’s…
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US Home Heating Costs Set To Surge 17%, Says Energy Group Authored by Bryan Jung via The Epoch Times, Winter is coming, and experts are predicting that it will be an expensive one for American households nationwide. The average U.S. household heating bill is expected to increase by 17.2 percent this winter compared to last year, according to a forecast by the National Energy Assistance Directors Association (NEADA). Families had already faced higher than average electric bills last winter due to inflation and this year provides no improvement. NEADA assists state agencies under the Low Income Home Energy Assistance Program, (LIHEAP) in distributing federal assistance to help low-income families pay their utility bills. The energy association expects that the average winter heating bill will increase from $1,025 to $1,202. Heating prices have risen over the past two years to more than 35 percent, the highest rate increase in more than 10 years, according to NEADA data. Lower-Income Households Will Struggle The total cost of heating would increase from $127.9 billion to an estimated $149.9 billion, with lower-income households facing the brunt of the burden. “The rise in home energy costs this winter will put millions of lower-income families [at] risk of falling behind on their energy bills and having no choice but to make difficult decisions between paying for food, medicine and rent,” said Mark Wolfe, executive director of NEADA. “As a result, NEADA sent a letter last week to the Congressional Leadership asking for a supplemental increase in LIHEAP of $5 billion to cover the higher cost of home heating and cooling as a result of [an] increased number of summer heat waves,” Wolfe added.
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NORTHAMPTON, MA / ACCESSWIRE / September 28, 2022 / National Grid: This week, thousands of leaders are in New York for Climate Week 2022. While the presentations and networking are happening in New York City, the action is taking place to the east on Long Island. As more clean energy solutions like offshore wind, solar, battery storage, and clean hydrogen surface, Long Island is quickly emerging as a clean energy hub. Applying the solutions that are working here to other communities throughout the Northeast will be critical to mitigating climate change while continuing to provide reliable, affordable energy to residents that call this region home. The key to Long Island''s success as a clean energy hub is a hybrid approach to decarbonization that incorporates multiple sources of renewable electricity and heat. In Riverhead, the 23-megawatt Calverton Solar Energy Center powers more than 4,200 homes. This reduces carbon emissions 20,000 metric tons per year - equivalent to removing 4,000 cars from the road.
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The presidential candidate of Labour Party in the 2023 general elections has promised to ensure that national grid collapses will become a thing of the past if he is elected Nigeria’s president, Obi who was reacting to the national grid’s eight collapse in 2022, putting several parts of the country in darkness since Tuesday. The […] The post National Grid Will Not Collapse Under My Watch – Obi is first published on The Whistler Newspaper
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The national government (NG) has allocated P15.2 billion for the Department of Migrant Workers (DMW) under the 2023 National Expenditure Program (NEP), according to the Department of Budget and Management (DBM). The post NG allots ₧15.2 billion to DMW in 2023 NEP first appeared on BusinessMirror .
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The collapsed national electricity grid which crippled power supply nationwide on Monday, is almost fully restored. Transmission Company of Nigeria (TCN) says it started the immediate restoration of the grid which collapsed at 10:51am on Monday. According to the TCN spokesperson, Ndidi Mbah, technicians started the restoration of the affected parts of the collapsed grid […] The post Power Restored To Collapsed National Grid appeared first on Rockcity 101.9 FM .
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The Transmission Company of Nigeria (TCN) has revealed that the national grid which had collapsed earlier on Monday has been restore d. “The restoration of the affected part of the grid commenced immediately at 11.55 am with Osogbo/Ihovbor back to the grid followed by Jebba/Osogbo, Kainji/Jebba, Benin/Onisha, Shiroro/Kaduna, Shiroro/Katampe, and Alaoji/Ikot-Ekpene,” it said in a statement on Monday. “Others are Lokoja/Gwagwalada, Odukpani/Ikot Ekpene, Benin/Omotosho, Oke-Aro/Ikeja west, Egbin/Oke-Aro and Kaduna/Kano.” TCN said the collapse of the national grid was due to “a sudden drop in system frequency, which created system instability.” “The National Control Centre (NCC) said a full-scale investigation is being conducted to establish and ascertain the cause of the partial disturbance as this unwholesome event has resulted in aggregated generation loss,” TCN’s General Manager, Public Affairs, Ndidi Mbah, said in the statement. Continue reading ‘National Grid Has Been Restored’ – TCN at BizWatchNigeria.
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The Transmission Company of Nigeria (TCN) has confirmed that the national grid has been restored after its partial collapse on Monday. TCN’s General
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The Transmission Company of Nigeria (TCN) has confirmed that the national grid has been restored after its partial collapse on Monday. TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, made this known in a statement in Abuja. Mbah explained that the national grid experienced partial system disturbance at about 10.51am earlier in the day. It […] TCN confirms national grid restored after Monday’s collapse
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The Transmission Company of Nigeria (TCN) says it has restored the national grid after it’s partial collapse on Monday. Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs made this known in a statement in Abuja. Mbah said that the national grid experienced partial system disturbance at about 10.51am, as result of sudden drop in system […] The post National grid restored after collapse -TCN appeared first on National Daily Newspaper .
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The workers of the National Union of Electricity Employees (NUEE) have threatened to resume their industrial action by shutting down the national power grid again. Recall that on August 17, many parts of the country experienced a total power outage as electricity workers led by Joe Ajaero downed tools over an industrial impasse about the promotion of senior officers, among other agitations. The striking union agreed to suspend the strike after a meeting with the Minister of Labour, Chris Ngige. The stakeholders at the meeting agreed to set up a high-power delegation to look into issues brought up by the NUEE and report back within two weeks. The workers now issued another threat on Thursday, for shutting down the national power grid if the President Muhammadu Buhari regime fails to honour the agreement it made with the union. While Dukat Ayuba, the union’s zonal organising secretary, North-West, addressing journalists in Kaduna on Thursday said the two weeks ultimatum given to the federal government to resolve the crisis had elapsed.
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Today, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, announced the appointment of Laurel Broten as chief executive officer (CEO) of Invest in Canada and Karl Tabbakh as chair of the board of directors.
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Nigerians may soon start to experience blackouts. This is as electricity workers threatened to shut down the national grid.
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The typical residential electric customer will see a 64% increase in their monthly bill this winter, according to National Grid. The post Winter is coming and so are (much) higher electric bills, National Grid warns; here’s how you can lower costs appeared first on Boston.com .
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Uniper signed a deal with National Grid to keep a unit at one of its U.K. coal plants available for longer than planned.
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Germany’s Uniper said on Thursday it has agreed with National Grid to keep open a unit at its Ratcliffe coal power station in the UK which was due to shut permanently this month, until March 2023, amid soaring energy prices in Britain. (Reporting by Shanima A in Bengaluru; Editing by Shounak Dasgupta)
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One would hope our elected leaders would support reasonable energy policy based on facts and what’s practical for customers, not the idealism of the few who aren’t responsible for delivering safe, reliable and affordable energy to anyone.
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Download logo As part of the broad measures to address the loadshedding crisis, Eskom has today launched three programmes to procure much needed power for the national grid. Initially the programmes will focus on generators capable of supplying more than one Megawatt to the grid. Over time the threshold will be lowered to enable smaller […] This post first appeared on African Business
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As part of overall measures to address the load-shedding crisis, Eskom today launched three programs to get much-needed power to the national grid. Programs will initially focus on generators capable of supplying more than one megawatt to the grid. Over time, the threshold will be lowered to allow smaller producers to participate. The combined impact of the programs, which is projected to exceed 1,000 MW, will make a significant contribution to reducing the load shedding burden on consumers. The goal is to sign the first power supply agreement this week and for power to start flowing through the grid as soon as possible. These are: me. The Standard Offer Program, to purchase energy from companies that have existing generation capacity for a period of three years. The standard offer approach allows Eskom to buy electricity at a set price calculated at the avoided cost of own generation (including long-term power […] South Africa: Eskom launches three programs to purchase power for National Grid NNN NNN - Nigeria News, Latest News Updates Today
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TROY, N.Y. — More than 2,000 National Grid employees across the state recently participated in the company’s second annual Day of Service as part of the Project C Initiative. Locally, a crew of 20 volunteers gathered at Frear Park to help the Frear Park Conservancy with its ongoing park beautification project. Launched in 2021, National […]
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Since being cut off from the grid, the station was relying on its own power supplies to operate essential safety mechanisms. Experts feared that the plant could run out of internal power.
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In this article, I''m revisiting the company National Grid PLC and taking a look at what upside can be garnered at today''s valuation. Click to read my analysis.
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National Grid is taking blackout risk seriously, yet PM remains reluctant to take action to limit energy usage Alarms blare as a huge storm crashes in off the North Sea, taking out the St Fergus gas terminal in Aberdeenshire. A power failure renders the Hatfield Moor gas storage facility in Yorkshire useless. A foreign power attacks subsea power cables from Norway. Stay calm, it’s only a drill. These are the sorts of eventualities that the energy industry will simulate next week, as a routine annual emergency gas shortage drill takes on national significance. The length of the “Exercise Degree”, which is run by National Grid, has been doubled this year from two days to four days and takes place on 13-14 September and 4-5 October. It could not come at a more relevant time: debate is raging over how probable blackouts are this winter and whether Liz Truss’s energy bills freeze increases that probability because she has not encourage rationing. Continue reading…
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Be prepared to pay more to keep your home warm this winter. National Grid presented their annual home heating forecast on Wednesday morning. They say residential natural gas customers will pay 39% more this winter. That’s about $263 more for an average home. Electricity costs are also rising. National Grid says residential customers can expect to pay 22% more this winter than they did last year. This is a developing story. Watch for updates on WNYT.com and NewsChannel 13 starting Live at Noon. BREAKING NEWS – National Grid says residential natural gas customers will pay 39% more this winter than last winter, about $263 more for an average home. pic.twitter.com/KaGlAKMpFu — Dan Levy (@dlevywnyt) September 7, 2022 BREAKING NEWS – National Grid VP Melanie Littlejohn says residential customers will pay 22% more for winter electricity costs this year than they did last year. pic.twitter.com/M7uC7GYMV4 — Dan Levy (@dlevywnyt) September 7, 2022 The post National Grid: Cost of natural gas rising 39% this winter appeared first on WNYT.
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LAHORE: The already strained National Grid has been deprived of around 1000mw electricity due to the collapse of the recently completed power lines.No less than four towers of the transmission lines, including those commissioned last year from the 1320mw and 660mw coal power plants in the South…
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Futures Head For Another Monthly Drop, As Oil Slumps, Yields And Dollar Rise After three days of steep declines, S&P futures traded between modest gains and losses as global markets headed for the third consecutive weekly decline and another monthly drop on concerns that aggressive central bank tightening will push the global economy into a hard recession. At 7:15am ET, futures were up 0.2% and Nasdaq futures rose 0.7%, after trading both higher and lower earlier in the session. The dollar rose, Treasury yields jumped after another record CPI print in Europe, while the bizarre oil slump extended. In premarket trading, Bed Bath& Beyond plunged after the home-goods retailer filed a form to sell an unspecified number of shares. HP also fell 6.8% after the company reported quarterly sales that missed estimates and cut its annual profit forecast as demand for personal computers and printers slowed. Analysts noted that the PC maker will need a couple of quarters to correct its inventory. Here are other notable premarket movers: Robinhood (HOOD US) falls 2.3% as Barclays cut its rating to underweight from equal weight ChargePoint (CHPT US) shares rose as much as 2.1% in US premarket trading, after the electric vehicle charging network operator’s second-quarter revenue came in ahead of estimates, with analysts positive on the company’s gross margin performance amid supply-chain woes HP Enterprise (HPE US) narrowed its full-year adjusted earnings per share forecast and reported in-line revenue for the third quarter.
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ASML Holding N.V. is one of the world’s most competitive supplier of semiconductor manufacturing equipment. See why I''m bearish on ASML stock.
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With the equities sector possibly on the verge of a downtrend, now is a good time to consider no-brainer long-term stocks to buy. As you probably heard, Federal Reserve chair Jerome Powell had less-than-exciting news to deliver to investors. Essentially, the Fed recognizes the enormous challenges which rising inflation caused. Therefore, the central bank remains committed to doing what it can to tackle historically high consumer prices. In other words, the framework of rising benchmark interest rates will likely continue until inflation comes under control. Unfortunately, that bodes poorly for growth-focused equities, which depend on robust entrepreneurial sentiment. However, rising borrowing costs quell such desires. Nevertheless, forward-looking investors may want to consider long-term stocks to buy. At some point, these challenges will fade, presenting potential discounted opportunities today. For the purposes of this list of long-term stocks to buy, I’ve divided the nine securities into three equal-weighted parts.
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ASML is down more than 30% YTD as sentiment shifted from growth to value. Read more to find out why the stock is still expensive.
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Finding the best chip stocks to buy isn’t as easy as it once was. After record demand in 2021, even the strongest chip stocks, such Nvidia (NASDAQ: NVDA ), continue to struggle as a result of supply chain constraints and severe macroeconomic headwinds. For instance, the S&P 500 Semiconductors Select Industry index is down 21% year to date. Meanwhile, the iShares Semiconductors ETF (NASDAQ: SOXX ) has declined 22% over the same period. By comparison, the S&P 500 and the tech-heavy Nasdaq 100 index are down roughly 10% and 17% so far in 2022. Yet, some chip stocks are riding out the tech selloff better than other sectors. Secular growth drivers such as artificial intelligence (“AI”), cloud computing, 5G, robotics, gaming and electric vehicles (EVs) are providing tailwinds for revenue growth as well as share price stability. Analysts highlight digitalization means many items will have chips. As a result, the cyclical nature of the semiconductor industry is bound to decrease. In recent days, Congress passed the $280 billion CHIPS and Science Act, which President Biden signed into law.
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Which semiconductor equipment giant is a better investment?
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Given ASML Holding''s exemplary Q2 earnings call, it is no wonder that the stock had recovered from its previous malaise. See why we rate ASML stock as a Buy.
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This Is What Hedge Funds Bought And Sold In Q2: Full 13F Summary While we already covered what may have been the most boring 13F of the second quarter, namely that of Berkshire Hathaway which saw very few changes with Warren Buffett merely adding to a few legacy positions and trimming a few others (full breakdown here)… ... as well as the most interesting one, that from Tiger Global which confirmed that the so-called hedge fund was nothing more than a paper-hands retail investor, dumping most of its biggest holdings just as the market troughed, and leaving the world''s most overrated tech fund missing on all of the recent market upside... ... we also have had quite a few hedge funds inbetween. Courtesy of Bloomberg here are the highlights of the just concluded 13F seasons: Risk off: Chase Coleman’s Tiger Global Management, Dan Sundheim’s D1 Capital and Michael Burry’s Scion Asset Management were among firms that continued to offload equities in the period. Tiger’s aggregate exposure to stocks dropped by about 55% to $11.8 billion.
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Taiwan Semiconductor Manufacturing, ASML, and Texas Instruments are all great evergreen chip plays.
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ASML Holding (NASDAQ: ASML ) has outperformed the market over the past 20 years by 12.18% on an annualized basis producing an average annual return of 20.02%. Currently, ASML Holding has a market capitalization of $228.77 billion. Buying $100 In ASML: If an … Full story available on Benzinga.com
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SEOUL: South Korea''s President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with the justice ministry saying the business leader was needed to help overcome a "national economic crisis".
The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery in a scandal that led to massive protests and brought down then-President Park Geun-hye in 2017.
However, analysts said the pardon should mean Lee will be able to carry out business activities with fewer legal restrictions, and could herald some large investments from Samsung, the world''s biggest smartphone and memory-chip maker.
"With urgent needs to overcome the national economic crisis, we carefully selected economic leaders who lead the national growth engine through active technology investment and job creation to be pardoned," Justice Minister Han Dong Hoon told a briefing.
Tech- and export-dependent South Korea, Asia''s fourth-largest economy is grappling with soaring inflation, weakening demand, poor sentiment and slowing spending.
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SEOUL: South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday, with South Korea’s Justice Ministry saying the business leader was needed to help overcome a “national economic crisis”. The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery relating to his time leading the world’s biggest smartphone and memory-chip maker. However, the pardon should mean Lee will be able to carry out business activities more freely and could herald some big investments from Samsung, analysts said. “With urgent needs to overcome the national economic crisis, we carefully selected economic leaders who lead the national growth engine through active technology investment and job creation to be pardoned,” Justice Minister Han Dong Hoon told a briefing. Lee, a scion of Samsung’s founding family, welcomed the decision and vowed to work hard for the national economy. “I will contribute to the economy with continuous investment and job creation and give back the people and government’s regards,” Samsung said in a statement, citing Lee.
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A whale with a lot of money to spend has taken a noticeably bullish stance on ASML Holding . Looking at options history for ASML Holding (NASDAQ: ASML ) we detected 25 strange trades. If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 48% with bearish. From the overall spotted trades, 14 are puts, for a total amount of $822,570 and 11, calls, for a total amount of $503,400. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $460.0 to $600.0 for ASML Holding over the last … Full story available on Benzinga.com
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Semiconductor stocks led the market down in 2022, but may lead the market back up.
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European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to visit Taiwan. The pan-European STOXX 600 slid 0.6% in morning trade. Pelosi was set to visit Taiwan on Tuesday, three sources said, as the United States said it wouldn’t be intimidated by Chinese threats to never “sit idly by” if she made the trip to the self-ruled island claimed by Beijing. “After the best month for Stoxx 600 in July, European equities are giving back some of those gains to kick off August suggesting the rally was slightly overdone,” Victoria Scholar, head of investment at Interactive Investor, said. “Although Pelosi’s visit could create a deeper strain between Beijing and Washington it is unlikely to result in actual military conflict.” Global markets were jittery, with MSCI’s broadest index of Asia-Pacific shares ex-Japan down 1.3%, while U.S. futures pointed to a lower open. Energy stocks drag European shares lower, reversing earlier gains In Europe, semiconductor stocks such as ASML Holding, ASM International, BE Semiconductor and STMicroelectronics fell between 0.6% and 3.6%. “Most of the chip production happens in Asia.
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ASML Holding''s (ASML) unmatched competitive advantage, or "moat," in the semiconductor industry continued to demonstrate its qualities and ability to drive robust results, even during the current, uncertain trading environment. The company''s latest results exhibited fantastic growth momentum, which, along with the company''s ever-growing backlog, should keep driving strong shareholder returns moving forward. I remain bullish on ASML stock. ASML''s Unmatched Moat ASML puffs a distinctive moat when it comes to its patent-protected EUV faculty, which has enabled the company to effectively form a legal monopoly in the space. The reason ASML''s proprietary capabilities are incredibly noteworthy is due to solving the industry''s greatest problem.
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