Week Ahead: RGGI’s Carbon Auction, IL’s Energy Storage Initiative, CA Discusses Gas Decarbonization
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U.S. Energy Department Begins Implementation of $505 Million Long-Duration Energy Storage Program
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…...
Policy Primer: Energy Storage April 2022 Update
Energy storage is evolving to be an essential part of the energy transition given its ability to provide power on demand and optimize grid performance amid the proliferation of intermittent renewable energy resources.
New York on Track to Meet Ambitious Energy Storage Goals
The Department of Public Service (DPS) on April 4 released the third State of Storage report affirming expansion in reaching New York’s energy storage target of 3 gigawatts (GW) by 2030, with a provisional objective of utilizing 1.5 GW by 2025. As of the end of 2021, total utilised and awarded projects increased 4 percent…...
U.S. Renewable Generation Capacity to More Than Double in 2050: EIA
U.S. power generation from renewables will expand from 21 percent in 2021 to 44 percent in 2050, according to a March 18 report from the U.S. Energy Information Administration. The growth in renewable energy can be attributed to a rise in new wind and solar power generation assets. Growth in wind and solar assets is…...
U.S. Oil and Natural Gas Use to Rise Despite Growth of Renewables: EIA
Oil and natural gas will remain the dominant sources of energy in the U.S. through 2050, according to the Energy Information Administration’s 2022 annual energy outlook released on March 3. U.S. petroleum consumption is expected to grow by 0.5 percent per year to 22.3 million barrels per day by 2050 and domestic gas consumption by…...