The Latest
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APS, others plan 1-year delay in fines for Western Resource Adequacy Program capacity shortfalls
Supply chain problems, unexpected load growth and extreme weather are challenging efforts to ensure adequate power supplies in the West, according to Avista, Calpine and other program participants.
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Improving the EV driver experience
Helping drivers navigate the complexities of this new landscape is critical for EVs to achieve their full mass market potential.
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Corporate funding in energy storage rises 432% in Q1 driven by 2 deals: Mercom
Two battery manufacturers claimed 83% of the total funding raised in Q1, but the need for new long-duration storage technologies is fueling an overall upward trend, Mercom said.
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Energy storage for grid reliability can increase carbon emissions: University of Michigan study
Energy storage is often pitched as a way to make renewables more reliable and reduce the use of planet-warming fuels, but researchers at the University of Michigan found that it can encourage the use of coal over gas.
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DOE launches $8.8B program to lower home energy costs amid mixed data on electricity inflation
New York is the first state to receive funds through the Inflation Reduction Act’s home energy rebates program; 11 others have applications pending, according to the U.S. Department of Energy.
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EPA awards $7B to 60 low-income solar access programs
The funds will support community solar programs as well as initiatives to provide loans and grants to low-income households looking to install rooftop solar, according to the U.S. Environmental Protection Agency.
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Opinion
The case for electricity transmission competition has never been clearer with today’s inflation
Both the Justice Department and the Federal Trade Commission have found that competitive bidding will improve grid sustainability and resiliency while lowering rates and increasing innovation.
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GM Energy rolls out its first vehicle-to-home EV charging products
Ford offers a similar V2H charging kit for the electric F-150 Lightning, and in December, Volkswagen announced it was launching a V2H pilot program with its partner HagerEnergy in Sweden.
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New York nixes 3 offshore wind projects, notes GE Vernova move to abandon 18-MW turbine
The three canceled projects represented 4 GW of provisionally awarded capacity.
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Solar PPA prices stable for now but expected to rise absent interest rate cut: LevelTen
Wind PPA prices continue to rise as ongoing inflationary pressures limit development and make some new projects unprofitable, according to LevelTen Energy.
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Fusion will beat advanced fission to the grid: Type One Energy CEO
“This is coming sooner than you think,” said Commonwealth Fusion Systems Chief Commercial Officer Rick Needham, who spoke alongside Type One CEO Chris Mowry at the BNEF Summit in New York last week.
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EV, battery projects lead clean energy manufacturing sector in March: E2
Last month showed over $2 billion in investments promising at least 1,660 jobs across five states.
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Venture capital interest in solar plummets amid uncertain financial markets: Mercom Capital
New venture capital funding for solar companies has dropped 81% year over year, and high interest rates may erode investor interest in solar companies for some time, the consulting group says.
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NYISO launches first-in-nation DER integration program in move toward FERC Order 2222 compliance
New market rules by the New York Indepdent System Operator require participating distributed energy resources to be at least 10 kW, which critics say will significantly limit DER participation, at least initially.
Updated April 19, 2024 -
Congressional Democrats press Treasury for ‘well-functioning’ 45U nuclear tax credit
Six House Democrats urged Treasury Secretary Janet Yellen to adopt flexible guidance for the Inflation Reduction Act credit, which benefits existing nuclear power facilities.
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New England states seek federal funds for large-scale transmission, storage buildout
The funding “would be transformational for the development of renewable energy and grid resiliency across the entire Northeast region,” said Massachusetts Director of Federal Funds and Infrastructure Quentin Palfrey.
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Democratic bill mandates FERC interconnection reforms to bring new resources online faster
The bill would help bring new power supply online to address surging demand growth and increasing grid reliability concerns, according to the R Street Institute’s Devin Hartman.
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Earlier derisking is key to offshore wind’s future in the US, Ørsted Americas CEO, others say
But that will extend a project’s lead time, “which is difficult for federal and state policies if people are trying to get these projects deployed as fast as possible,” Ørsted Americas CEO David Hardy said.
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House GOP spearheads legislation to strike down SEC climate disclosure rule
The Financial Services Committee advanced a Congressional Review Act challenge to the rule by a 28-22 vote split along party lines.
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DOE issues road map for speeding, improving grid interconnections to unlock 2.6-TW backlog
“There is unlikely to be any document for years to come reflecting such a comprehensive set of [interconnection] solutions,” said Tyler Norris, former head of development at Cypress Creek Renewables.
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Deep Dive
Tackling 3 key issues can help scale virtual power plants and spur a wave of benefits, analysts say
Advanced operational software, communications standards and customer compensation are needed to scale VPP size and services, cut system and customer costs and enhance reliability, key VPP players agree.
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DOE cites cost, reliability concerns for new gas plants as it details how to meet surging power demand
Rising electricity demand will require a “portfolio approach” of resources, including energy storage, hydropower, nuclear, grid-enhancing technologies and demand-side management, DOE said.
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Constellation prepared to ‘visit with the courts’ about proposed hydrogen tax credit rules
The company plans to apply for 45V tax credits even though their hydrogen would not qualify under draft IRS guidance, Executive Vice President Kathleen Barron said Wednesday at the BNEF Summit in New York City.
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Opinion
FERC’s final regional transmission rule is coming soon. It has one shot to get it right.
A strong rule will help spur the transmission lines necessary to meet America’s growing energy needs, while also setting the table for a future interregional rule to mitigate the effects of extreme weather.
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DOE finalizes 4 appliance efficiency rules expected to save consumers almost $1.9B a year
DOE is catching up on its reviews of appliance energy efficiency rules “and it needs to keep up that momentum,” said Andrew deLaski, executive director of the Appliance Standards Awareness Project.
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Deep Dive
As states increasingly look to advanced nuclear, Wyoming, Virginia and Michigan lead the way
Their efforts are showing policymakers elsewhere how to attract emerging nuclear technologies and the skilled workers they need to operate, National Association of State Energy Officials President David Terry said.