The Latest
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Interior proposes first Gulf of Maine and Oregon offshore wind auctions
The lease areas offer more than 18 GW in total capacity, but the deep waters in both locations will necessitate floating wind turbines.
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Sponsored by Convergent Energy and Power
Another hot summer increases the urgency for energy storage
Forecasts suggest this summer is likely to be just as hot or hotter, which means the demand for electricity will again be intense, and utilities will be looking for solutions.
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GE Vernova to remain “highly selective” of offshore wind orders amid uncertainty: CEO
In its first quarterly earnings report since becoming an independent company, the power equipment manufacturer contrasted recent wind challenges with near-term optimism for its gas power and electrification business lines.
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PSEG in talks to sell nuclear power to data centers: CEO LaRossa
“Our New Jersey nuclear units could provide access to a highly reliable, carbon-free source of baseload power,” PSEG CEO Ralph LaRossa said Tuesday.
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International, domestic energy policies should embrace gas as transition fuel: EFI report
Natural gas exports from the United States help to support energy security, equity and sustainability around the globe, said EFI Foundation CEO Ernest Moniz, who served as U.S. Secretary of Energy under President Obama.
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Citi achieves $441B of $1T sustainable finance 2030 goal with renewables a ‘major driver’: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
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Opinion
New early warning system will mitigate energy shortfall risks in New England
ISO New England’s new Probabilistic Energy Adequacy Tool, created jointly with EPRI, is part of the grid operator’s comprehensive and proactive approach to planning for a reliable future power system.
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SPP Markets+ Western market plan sparks support, protest and concerns
Arizona Public Service, Public Service Co. of Colorado, Salt River Project, Tucson Electric Power and a public power trade group urged FERC to approve the day-ahead market.
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Q&A
CMBlu’s batteries competitive with Li-ion after 5 hours, but more data, experience needed: US head
After taking over as president of Germany-based CMBlu Energy’s U.S. subsidiary in January, Giovanni Damato aims to prove the company’s organic flow technology for utility and commercial/industrial users.
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Artificial intelligence can help manage the grid but creates risks if deployed ‘naïvely,’ DOE warns
Machine learning could help electric utilities improve permitting and siting, reliability, resilience and grid planning, according to a new Department of Energy report.
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Opinion
Solar tariffs are in the spotlight again. Our current approach isn’t the answer.
Provisions in the IRA combined with aggressive tariff policy will cause the price of solar to skyrocket when we need to deploy it at a massive scale to solve the climate crisis.
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Coal-to-nuclear transition would benefit dozens of US regions: NASEO-NARUC report
The authors cited data from the Energy Department, the Bipartisan Policy Center and other sources showing the economic and operational benefits, including up to 35% lower construction costs for small modular reactors.
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Data center demand drives growth in Schneider Electric’s energy management segment
Energy management revenue in North America grew 10.2% organically to almost $2.8 billion in Q1, the company said last week.
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FirstEnergy may ‘put a little money on the table’ to help end HB 6 bribery litigation: CEO
With recently approved rate hikes, FirstEnergy “proved that we can obtain constructive regulatory outcomes across our jurisdictions,” CEO Brian Tierney said.
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Expanding advanced nuclear raises national security risks: IISTP report
The Institute for International Science and Technology Policy cautioned against an unqualified embrace of nuclear power as a climate change solution as international cooperation on nuclear safety frays.
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Bank of America, Goldman clean energy ratio proposals fail, despite some shareholder support
The resolutions failed to pass despite over a quarter of voters supporting them before each of the banks' boards.
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Opinion
Is your utility’s online marketplace operating at full power? It might be time for a reboot.
Such marketplaces have raised awareness of energy efficiency and sustainability. But as technologies like LED bulbs and smart thermostats have become commonplace, sales have slowed and traffic has dropped.
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Energy Department finalizes rule to phase out fossil fuels in federal buildings
In a push for net-zero emissions from federal facilities by 2045, the new rule mandates a 90% reduction in on-site fossil fuel use by 2029 and complete elimination after 2030.
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BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
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Extreme winter weather grid performance improves, and 5 other takeaways from FERC’s open meeting
FERC rejected a preliminary permit application for a 3.6-GW pumped storage facility on Navajo Nation land in Coconino County, Arizona, in a nod to its new tribal policy.
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MISO capacity prices triple for next summer, spring, partly on power plant retirements
Prices for Ameren Missouri and Columbia, Missouri’s municipal utility jumped to nearly $720/MW-day for the upcoming fall and spring seasons due to expected power supply shortages.
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said American Council on Renewable Energy President and CEO Ray Long.
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ERCOT considers demand response, dynamic line ratings to address South Texas transmission constraints
Grid officials say a request for proposals for demand resources would lean on “lessons learned” from a canceled October RFP for 3 GW of winter capacity.
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EPA finalizes power plant emission rules, but utilities balk at expected need for carbon capture
Electric utilities called the power plant rules “disappointing” and “unlawful” and say the rules will create reliability and affordability challenges.
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Xcel Energy named in 15 lawsuits over 2024 Texas panhandle fires
Company officials said they will push for federal or state-level legislation to guarantee wildfire insurance for utilities or otherwise limit losses.
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DOE sets 2-year deadline for federal transmission permitting, cutting average timelines in half
In addition, the Energy Department has tentatively agreed to provide up to $331 million to an LS Power transmission project that could help create a new transmission pathway in the West and deliver wind from Idaho to California.