Pieridae Energy reports reduced earnings in Q2
Pieridae Energy reports reduced earnings in Q2
-
Natural Gas News
Pieridae Energy reports reduced earnings in Q2
Summary
Some Alberta gas remains shut-in due to weak AECO pricing. by: Dale Lunan
Alberta Foothills gas producer Pieridae Energy said August 9 it had net income in Q2 2023 of C$4.2mn (US$3.1mn), down sharply from C$23mn in the same...
Posted in:
Natural Gas & LNG News, Americas, Corporate, Financials, News By Country, Canada
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.