Day-Ahead Energy Markets
“How can energy be purchased a day before it is produced?”
Energy is one of the most important facets of our civilization. So much so that it has to be predicted a day ahead of time to assure system stability. Since energy needs can be predicted a day ahead of time, energy can also be purchased wholesale by market participants a day beforehand. Although energy is purchased, it does not need to be generated in case the predicted need comes out to be lower. These Day-Ahead Energy Markets are used to ensure energy price stability.
Why Offshore Wind in the U.S Might Soon Face Logistic Bottlenecks
“Why is offshore wind in the U.S having logistic problems?”
Offshore wind in the United States is expanding at a rapid pace, particularly in the Northeast. However, since offshore wind turbines tend to extremely large in nature, it takes a large amount of transportation infrastructure such as cranes and heavy trucks for transportation logistics. Due to the limited supply of these components, these projects face the possibility of being stalled. This is Why Offshore Wind in the U.S is Facing Logistic Bottlenecks.