U.S. primary energy consumption, which includes energy from fossil fuels, renewables, and nuclear, increased by 4 quadrillion British Thermal Unit (quads) in 2021 as compared to 2020, according to a July 1 report from the U.S. Energy Information Administration. Fossil fuels namely, petroleum, natural gas, and coal, represent approximately 76.6 quads out of the total…...
Energy legislation enacted across U.S. states so far in 2022 spans a broad spectrum of topics portraying actions to facilitate the energy transition. These include measures to expand renewables and distributed resources, strengthen climate commitments, optimize grid performance, and sustain the nuclear power fleet. … Read the full report …...
PJM Interconnection LLC’s capacity market auction for the 2023-2024 delivery year cleared at $34.13 per megawatt-day (MW-day), which is nearly 32 percent lower compared to the 2021 auction and the lowest in almost a decade. The auction results reflect a low-carbon resource mix, with a growth of more than 5,000 cleared megawatts of carbon-free resources, according to the grid operator, which operates across 13 states and the District of Columbia.
The Michigan Public Service Commission on June 23 approved a settlement agreement that allows Consumers Energy Co. to exit coal-fired generation by 2025 and add 8 gigawatts of solar energy to the grid. The settlement pertains to the company’s integrated resource plan, or IRP, which identifies the optimal mix of resources to serve customers over…...
The U.S. Energy Department announced the closing of a $504.4 million loan guarantee for a hydrogen storage project to be developed by Mitsubishi Power Americas and Magnum Development in Utah. The loan will be utilized to develop the largest clean hydrogen storage facility in the world. This marks the department’s first loan guarantee for a…...
The U.S. Energy Department’s Loan Program Office issued a request for information on June 1 to update and improve its Title XVII Innovative Technologies Loan Guarantee Program intended to support early commercial use of advanced technologies. The agency seeks feedback from various stakeholders including developers, investors, government agencies, academia, and impacted communities. The input will…...
The U.S. Energy Department on May 12 published a request for information seeking input on long-duration energy storage that could power the grid for at least ten hours. The 2021 Infrastructure Investment and Jobs Act provides $505 million in funding towards the Long Duration Energy Storage for Everyone, Everywhere Initiative. To achieve a carbon-free electric…...