The Latest
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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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Sponsored by Copper Labs
Amid evolving utility goals and rising rates, an AMx strategy can de-risk AMI and bring all meters to the table
As the first wave of advanced metering infrastructure (AMI) begins to reach the end of its expected life, new meter technologies—including next-generation “AMI 2.0” meters—promise to offer a host of new benefits to utilities and customers alike.
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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.
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Taiwan Semiconductor’s $65B Arizona investment, data centers key drivers of APS sales growth: CFO
The state is attracting residents and industry, resulting in “robust” first-quarter sales, said Andrew Cooper, chief financial officer of APS parent Pinnacle West.
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Exelon sees data center, other ‘high-density’ load growth opportunities
PECO Energy, an Exelon utility, has had inquiries from data centers and other businesses, according to President and CEO David Velazquez.
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4-hour batteries best replacements for aging Maine peaker plants: study
An analysis by Clean Energy States Alliance found 4-hour battery systems more economical than a new F-frame gas turbine when considering the social costs of carbon and local pollution.
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Louisiana in ‘unique’ position to support US offshore wind but needs legislative backing: report
Louisiana has 458 distinct companies “with potential applicability to supply products or services in the offshore wind industry,” according to a report released last week by consulting firm Xodus Group.
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Opinion
FERC and NERC review of winter storm gas failures lacks transparency, key details
Faltering energy system performance — which almost caused rolling blackouts — and insufficient scrutiny and transparency after the fact must not be the new normal with winter storms.
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$6B in Inflation Reduction Act tax credits for advanced energy projects open this month
The Treasury Department is opening a second round of funding for 48C tax credits aimed at clean manufacturing.