Power & Utilities
Federal and state agencies are advancing policy measures and incentives to foster transportation electrification, a key strategy to achieve ambitious emissions reduction mandates. Recent actions range from stronger national fuel efficiency standards to California’s $1.5 billion annual investment in clean vehicle incentives, and clean truck rules in New York and New Jersey.
Across the U.S., the massive transformation of the power sector towards renewables and zero-emissions sources is set to accelerate, aided by supportive federal policies from an administration focused on climate action and ambitious state decarbonization goals. The exponential growth of renewables will continue to drive grid modernization and transmission development, while efforts to fortify the…...
Regulators across the U.S. are accelerating electric transmission projects worth tens of billions of dollars to bring renewable power to consumers and make the grid more resilient against extreme weather events. Infrastructure updates have also garnered bipartisan support on the federal level, with more than $65 billion allocated for clean energy transmission and grid development in the Infrastructure Investment and Jobs Act enacted by the Congress last month.
The growing incidence of extreme weather events has triggered regulatory and legislative efforts across the U.S. to improve the reliability and resilience of the energy system. Winter Storm Uri, which caused widespread outages in the South Central U.S. in February, prompted a regulatory upheaval in Texas, which suffered the brunt of the storm, leaving more than 4.5 million people without power. California has adopted measures to ensure reliability in the event of extreme weather in the summers of 2022 and 2023. Federal regulators have approved new cold weather electric reliability standards.
Interest in offshore wind energy has reached new levels driven by supportive federal action, ambitious state procurement targets, and evolving technology. Recent developments include federal approval of the second commercial-scale project, and plans to hold up to seven new lease sales by 2025 in the East Coast, as well as the West and Gulf Coasts. Despite the progress, the industry faces opposition with recent lawsuits challenging the approval of the nation’s first major offshore project, the 800-megawatt (MW) Vineyard Wind I venture, over its potential impact to the fishing industry and endangered species.
Western U.S. states are evaluating options to join or form a regional transmission organization (RTO) as regional coordination would strengthen electric system resilience and reliability, enhance clean energy adoption, and address transmission challenges.
U.S. President Joe Biden signed the Infrastructure Investment and Jobs Act into law on Nov.15, unlocking $62 billion for U.S. Energy Department initiatives, including revitalizing domestic manufacturing, expanding access to energy efficiency and clean energy, modernizing the power grid, and advancing next-generation technologies. Among the major provisions, the legislation allocates $6 billion for a Civilian…...
Discussion around performance-based regulation (PBR) continues to evolve as utilities and regulators explore a framework aimed at strengthening the connection between utility returns and performance.
Energy storage is becoming an increasingly important part of the power mix to accommodate the exponential growth of intermittent renewables required to accomplish ambitious decarbonization targets set by U.S. states and utilities.
The growing adoption of electric vehicles (EVs) is driving interest in vehicle-grid integration technologies that enable EVs to inject power from their batteries onto the grid, thereby enhancing reliability benefits across the distribution system.
A growing number of states are turning to grid modernization initiatives aimed at creating a more flexible system that can accommodate the proliferation of distributed energy resources (DER) and other solutions that meet changing customer needs and climate goals.
As the power and transportation sectors shift toward decarbonization, federal and state regulators are examining hydrogen's untapped potential in lowering emissions across industries ranging from energy storage to heavy-duty vehicles.