Natural Gas inventories report
The U.S. Department of Energy's Information Administration said Thursday natural gas stockpiles increased by 63 billion cubic feet to 3,152 Bcf for the week ended August 7. According to a Bloomberg survey, analysts expected that natural gas inventories had gained 66 billion cubic feet last week, a larger than average increase.
$2.3 billion in tax credits for clean energy equipment makers
The U.S. Department of Energy and the U.S. Department of the Treasury announced on Thursday they will allocate $2.3 billion in tax credits for manufacturers of solar, wind, and geothermal energy equipment; fuel cells, microturbines, and batteries; electric cars and electric grids to support the transmission of renewable energy; energy conservation technologies; and equipment that captures and sequesters carbon dioxide or reduces greenhouse gas emissions.
Shell may build carbon capture, storage plant
Royal Dutch Shell is joining a competition to build the U.K.'s first commercial size carbon capture and sequestration system from a coal-fired power station by 2014. Shell will join a consortium that is in the process of submitting a bid to the U.K. government, which is sponsoring the race, the company said.