The New York Public Service Commission on Dec. 19 approved five clean energy projects that could generate over $3 billion in economic benefits for local communities. The five projects have a combined capacity of over 2 gigawatts (GW) and could deliver clean energy to more than one million homes. Alle-Catt Wind, Brookeside Solar, the Champlain-Hudson…...
The U.S. Energy Department announced on Dec. 17 a conditional loan guarantee of $15 billion to Pacific Gas & Electric Company to diversify California’s energy sources and improve grid resilience. The announcement marks the department’s largest conditional commitment to a loan guarantee through its Energy Infrastructure Reinvestment, EIR, program to date. The loan guarantee will…...
The U.S. Energy Department on Dec. 13 announced a $2.5 billion conditional loan guarantee for Wisconsin Electric Power Company, a subsidiary of WEC Energy Group, to finance a portfolio of clean energy projects in Wisconsin. The portfolio would add more than 1,650 megawatts of utility-scale renewable power and energy storage. This diverse portfolio is expected…...
The U.S. Energy Department on Dec. 9 announced a conditional commitment for a loan guarantee of up to $305.54 million for Nostromo Energy’s Project IceBrick, which involves thermal energy storage installations at commercial buildings in California. During its lifetime, the project could help California’s commercial buildings avoid around 500,000 tonnes of carbon emissions. Once operating…...
The U.S. Department of the Treasury and the Internal Revenue Service have released final rules for the Section 48 Investment Tax Credit, or ITC, providing clarity and certainty for clean energy development to pursue major investments. The final rules clarify specific issues relating to offshore wind, hydrogen storage, co-located energy storage, and geothermal heat pumps…....
The U.S. Department of Agriculture on Dec. 4 announced $194 million in grants and loans through its Rural Partners Network, or RPN, to fund family farms, small businesses, infrastructure and clean energy in underserved rural and tribal communities across 14 states and Puerto Rico. The projects will help these communities address immediate challenges and facilitate…...
The U.S. Energy Department on Dec. 3 announced the closing of a $303.5 million loan guarantee to EoS Energy Enterprises to fund the construction of two innovative and efficient production lines that will be capable of producing enough stationary batteries to fulfil the yearly electricity requirements of around 130,000 households. The financing will help Eos…...
The Washington Department of Ecology released a new report detailing the distribution of $472 million of 2021 Climate Commitment Act investments among 37 state agencies. The agencies used the funds to support projects such as habitat restoration, clean energy, and energy bill assistance from Jul. 1, 2023, to Jun. 30, 2024. These projects have the…...
The Massachusetts Department of Public Utilities on Nov. 29 announced two orders to improve the state’s net metering program and broaden access to solar power for residents. The first order raises the project size threshold for participating in the program without being subject to the net metering cap. The second action provides new exceptions to…...
Heading into the winter season, grid operators and utilities across the U.S. continue to strengthen their winter readiness measures to ensure reliable…Read the full report …...