U.S. Energy Department Announces $225 Million Program to Encourage Adoption of Efficient Building Codes

U.S. Energy Department Announces Conditional Commitment of Over $300 Million to Thermal Energy Storage Company

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…...

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U.S. Treasury Finalizes Investment Tax Credit Rules

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…....

New Jersey Examines Resource Adequacy Alternatives to Advance Clean Energy Goals

U.S. Agriculture Department Announces $194 Million for Economic Development and Clean Energy Projects in Rural Communities

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…...

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U.S. Energy Department Closes $303.5 Million Loan Guarantee to Eos Energy Enterprises to Develop Long-Duration Batteries

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…...

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Washington’s Climate Act Revenues Invested Nearly $500 Million in 2023-2024 for Projects Statewide

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…...

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Massachusetts Improves Net Metering Program to Expand Solar Access

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…...

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Texas Commission Concludes Investigation into Houston-Area Utilities’ Weather Preparedness

The Texas Public Utility Commission on Nov. 21 approved a staff report concluding an investigation into utility preparedness and responsiveness to extreme weather in the Greater Houston Area. In July, Governor Abbott ordered an investigation into the flawed and delayed response of Houston utilities in the wake of Hurricane Beryl and the May 2024 Derecho…....