The Latest
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23 states, rural co-ops sue EPA over ‘unlawful, unreasonable’ power plant rules
“This rule intentionally sets impossible standards to destroy the coal industry,” North Dakota Attorney General Drew Wrigley said Thursday.
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Google’s Nest Renew, OhmConnect combine with goal of managing 50 GW of residential demand by 2030
The new entity, Renew Home, says it is “North America’s largest residential virtual power plant” and can help to support the electric grid and manage home energy costs.
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Clean energy, gas generation in PJM may take longer to come online than expected: report
“Absent significant reforms or market innovations, most projects entering PJM’s queue today are unlikely to come online before 2030,” the report’s authors said.
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DOE doubles down on $1/kg clean hydrogen, sets sights on additional hydrogen cost targets
The DOE's goals are “aggressive” but will help the industry focus on cutting costs and scaling hydrogen technology, Fuel Cell and Hydrogen Energy Association President Frank Wolak said.
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Opinion
Competition in transmission ownership does not lower consumer costs
Opponents of right-of-first-refusal laws claim that incumbent transmission providers have no incentive to reduce costs. The exact opposite is true.
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New Pennsylvania PUC policy sparks debate over who can own energy storage assets
PECO Energy and Duquesne Light urged the Pennsylvania Public Utility Commission to allow utilities to own energy storage assets, while the Solar Energy Industries Association and others sought a path for third-party ownership.
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DOE unveils 10 potential ‘national interest’ transmission corridors where projects could be expedited
The proposed corridors, which total more than 3,500 miles across targeted regions, could unlock federal financing.
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NextEra Energy creates new chief risk officer position, citing growing energy demand
Current Chief Financial Officer Kirk Crews has been appointed to the position while Goldman Sachs alum Brian Bolster assumes the role of CFO, the company said Monday.
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EV-grid integration group launches utility collaboration forum with ConEd, PG&E, Ford, GM, others
Electric vehicles made up 7.3% of new vehicle purchases in the first quarter, and utilities say they are preparing to integrate millions of them into the power grid.
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BWX Technologies sees durable demand for large nuclear components and SMRs: CEO
On a Monday earnings call, the nuclear components supplier provided updates on a planned manufacturing plant expansion, longer-term demand for small modular reactors and more.
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US adds 5.6 GW of utility-scale clean energy in Q1, up 28% year-over-year: ACP
Utility-scale solar contributed 4.6 GW of that added capacity and crossed a threshold of 100 GW deployed, according to the American Clean Power Association.
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BMW’s future EVs will support bidirectional charging
BMW joins General Motors, Ford and Volkswagen in the development of vehicle-to-home charging technology to help homeowners reduce energy costs and reduce CO2 emissions from power generation.
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Opinion
There are 3 fundamental problems with Scope 2 GHG accounting. Here’s how to fix them.
Society cannot afford actions and expenditures to support claims of progress while not accomplishing real-world emission reductions.
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Allete agrees to $6.2B sale to Canadian pension fund, New York private equity firm
The planned deal with Canada Pension Plan Investment Board and Global Infrastructure Partners will give Allete access to capital for its $4.3 billion spending plan, the company said.
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Oncor Electric files $3.4B plan to strengthen Texas grid, Q1 profit rises 118%
Oncor’s strategic plan includes $525 million to bolster cybersecurity and $1.8 billion to harden and automate its legacy overhead and underground systems.
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High interest rates hit renewable energy harder than natural gas: Wood Mackenzie
A 2-percentage-point increase in interest rates pushes up the levelized cost of electricity for renewables by as much as 20%, according to an analysis by the energy research firm.
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Opinion
If you want ‘virtual power plants,’ first define them
Persistent confusion around VPPs may impede successful policymaking, challenging regulatory commissions, stalling deployments and delaying important benefits to our electricity system.
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DOE requests public input on challenges with scaling energy storage manufacturing
A recent Department of Energy analysis indicates that up to 15 GW per year of manufacturing capacity will be needed by 2035 “to support mature technology deployment at scale for long duration energy storage.”
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How can cities build a future with fewer gas pipelines?
As some communities question the logic of continued investment in the gas system, a new RMI and National Grid paper looks at efforts to find alternatives.
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Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJM
A Sierra Club proposal that aims to avoid a reliability must-run contract for the 1,280-MW Brandon Shores plant in Maryland is unworkable, the PJM Interconnection found.
Updated May 6, 2024 -
ISO-NE anticipates 17% rise in annual energy use by 2033, led by EVs and heating
The region has typically seen grid demand peak during the summer, but that may change across the next 10 years, says a new capacity and demand report from the New England ISO.
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VPPs could boost utilities’ credit profiles, but it’s ‘premature’ to consider impact: Morningstar DBRS
Though obstacles are impeding virtual power plants in the short term, the technology will be a plus for utilities and for reliability in the long run, the credit rating company predicts.
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Congress passes Russian uranium import ban, unlocking $2.7B to expand US nuclear fuel production
The money includes funding for high-assay low-enriched uranium, which is needed for certain advanced nuclear reactor designs.
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Opinion
If EPA’s latest power plant rules seem familiar, don’t get fooled again!
The power plant rule that EPA announced on April 25 closely resembles Obama’s Clean Power Plan in key respects — and it will almost certainly suffer the same fate.
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Schneider Electric’s new battery energy storage system aims to boost microgrid efficiency
The system allows energy to be stored during off-peak hours, when electricity rates are lower, and used during peak demand periods, a company executive says.