The Latest
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
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New water heater efficiency standards will create largest-ever energy savings from one rule: DOE
The final rule will generate more than 17.6 quadrillion British thermal units of energy savings over 30 years, the Department of Energy said.
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AEP faces 15 GW of new load, driven by Amazon, Google, other data centers: interim CEO Fowke
Load growth in Ohio is sparking talk of letting the state’s utilities own power plants again, Ben Fowke, AEP interim CEO, said Tuesday.
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Opinion
Long-term transmission planning will power America’s future
It is in the national interest to approach the power grid the same way we have approached the internet, the interstate highway system and telecommunications.
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DOE announces $27M in grants to install batteries, EV chargers, efficiency retrofits
More than three dozen state and local governments will receive funds, including $2.2 million for Chicago to launch a building electrification campaign, install EV chargers and other projects.
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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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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.