The CVOW project is expected to help Virginia meet the targets of the Virginia Clean Economy Act, which requires the State to have 100% clean energy by 2045. The United States aims to deploy 30 GW of offshore wind by 2030 and to permit at least 25 GW of onshore renewable energy by 2025.

U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week to 423.6 million barrels.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent.

U.S. Rig Count is up 3 from last week to 579, Canada Rig Count is down 10 from last week to 167.

SGE, together with its partners, plans to deploy at least 10 BWRX-300 SMRs in Poland by the early 2030s.

U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 428.3 million barrels.

Front-month gas futures fell 4.7 cents, or 1.2%, to settle at $3.747 per million British thermal units (mmBtu), their lowest close since Dec. 7.

Among the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda made by the United Nations (UN), there is the objective of ensuring reliable, sustainable, modern, and affordable access to clean energy for all.

U.S. Rig Count is up 7 from last week to 576, Canada Rig Count is down 3 from last week to 177.

U.S. commercial crude oil inventories decreased by 0.2 million barrels from the previous week to 432.9 million barrels.

Commonwealth Fusion Systems (CFS) announced on 1 December that it has closed on more than $1.8 billion in Series B funding to commercialise fusion energy. This includes capital to construct, commission, and operate SPARC, the world’s first commercially relevant net energy fusion machine.

The NuScale Power Module is a pressurised water reactor with all the components for steam generation and heat exchange incorporated into a single unit, generating 77 MWe.

U.S. Rig Count is up 0 from last week to 569, Canada Rig Count is up 9 from last week to 180.

U.S. commercial crude oil inventories decreased by 0.9 million barrels from the previous week to 433.1 million barrels.

Natural gas prices also had an impact on November's power prices. At the Houston Ship Channel, spot gas this November has averaged $4.788/MMBtu, down from October's $5.29/MMBtu but up from November 2020's $2.597/MMBtu.