Energy storage plays a key role in managing the pace of the transformation of the electric system. The versatility of the resource has allowed for multiple grid roles, including supporting transmission reliability.
Recent long-term resource plans of several electric utilities include accelerated timelines to develop renewables or retire coal-generation fleet, reflecting the impact of policy changes ensuing from 2022 Inflation Reduction Act (IRA). The IRA includes provisions to support the transition of the U.S. electricity generation fleet to cleaner energy sources and lower carbon emissions.
New Jersey Governor Phil Murphy on Jan. 23 announced that the process of updating the state’s Energy Master Plan, or EMP, has begun and will be released in 2024. The EMP serves as New Jersey’s blueprint to attain 100 percent clean energy by 2050. The new EMP will incorporate the state’s updated climate goals and…...
The New York Independent System Operator has completed final interconnection studies for 27 new solar, wind, energy storage, and energy transmission expansion projects totaling 7.4 gigawatts, according to a Jan. 13 press release. This brings the projects closer to commercial operation, supporting the state’s efforts to accomplish the clean energy directives of the 2019 Climate…...
Ambitious federal goals and initiatives, coupled with state commitments, are driving the transition to a low-carbon future across the U.S. Investments and tax incentives included in the 2022 Inflation Reduction Act (IRA) have added new momentum to the renewable and clean energy industries including offshore wind, nuclear power, and distributed solar.…. Read the full report…...
