The Latest
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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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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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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.
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First Solar, QCells and 5 other solar manufacturers seek import tariffs, sparking industry divide
Four clean energy groups warned the petition would create market uncertainty and pose a threat to the domestic solar supply chain.
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US offshore wind poised for ‘liftoff’ despite recent turbulence: DOE
The sector will achieve “liftoff” when “it is actively contributing to decarbonization targets, with a sustained project pipeline and regular deployment,” the Energy Department said.
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NRC proposes streamlined environmental reviews for new reactor license applications
If finalized, the proposed rule would apply to any future fission reactor application and could reduce environmental review costs by up to 45%, Nuclear Regulatory Commission staff found.
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Florida Power & Light doubles planned storage deployments to more than 4 GW over 10 years
Between the FPL solar and storage buildout and other projects, NextEra could operate more than 100 GW of generation capacity by the end of 2026, CEO John Ketchum said April 23.
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JPMorgan warns clean energy transition could take ‘decades or generations’
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
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Vanguard, TotalEnergies announce joint venture for at least 10 RNG facilities
The companies left open the possibility to expand their partnership to up to 60 organic-waste-to-RNG facilities. The first three facilities will be built on farms in Wisconsin and Virginia.
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Interior unveils plans for up to 12 offshore wind lease sales through 2028
The announcement comes after the sector suffered another setback last week when New York announced it was not proceeding with awards for three offshore wind projects.
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ERCOT launches new planning efforts as 2030 load growth projections soar 40 GW in a year
The growth is being fueled by a range of sectors, including artificial intelligence, data centers, industrial electrification, hydrogen and electric vehicles, said ERCOT President and CEO Pablo Vegas.
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PG&E highlights 100% emissions-free power in 2023 as generation spin-off hits snag
California regulators could vote in May on a proposal to reject Pacific Gas & Electric’s plan to create a separate company with 5.6 GW in non-nuclear generating assets as part of an effort to raise capital.
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5 ways cities can accelerate EV charger deployments equitably
Potential steps include seeking community input, learning from other cities, reducing regulatory barriers and other ideas from participants in the DOE’s Clean Energy to Communities Program.
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Opinion
A single, unified Western power market will deliver affordability, reliability and climate benefits
The expansion of the Western Energy Imbalance Market with a day-ahead market and a new independent governing authority can open major opportunities for customer benefits and increased grid reliability.
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After offshore wind cancellations, New York releases clean energy action plan
“New York is solidifying its leadership role in the offshore wind industry, building the supply chain right here in the state,” Gov. Kathy Hochul said.