Ambitious federal goals and initiatives to boost offshore wind power generation, coupled with state commitments, are opening new frontiers for the industry. Recent developments reflect the growing emphasis on transmission infrastructure upgrades and regional planning required to make these goals a reality.
The U.S. Energy Department on Nov. 18 announced $13 billion in new funding opportunities for the growth and modernization of the U.S. power grid. The Grid Resilience Innovative Partnership, or GRIP, program and the Transmission Facilitation Program, funded by the 2021 Infrastructure Investment and Jobs Act, collectively represent the largest federal direct investment in infrastructure…...
The California Air Resources Board on Nov.16 unveiled the policies and actions the state proposes to implement, in order to reduce its dependence on fossil fuels and become carbon neutral by 2045 or earlier. The revised proposal follows Governor Newsom’s plea for more impactful climate actions and is innovative in both scale and scope. The…...
The California Public Utilities Commission has proposed a successor to its net energy metering program, which credits customer generators for grid-exported electricity. The successor would be an improved version of net billing, with a retail export compensation rate aligned with the value that generation systems provide to the grid and retail import rates that promote…...
Ambitious clean energy and reliability goals continue to drive grid modernization efforts ranging from proposed rules to encourage utility investments in cybersecurity to a $10.5 billion initiative to enhance grid resilience.
The U.S. Interior Department has announced the second-highest disbursement, amounting to $21.53 billion, in energy revenues in fiscal year 2022. The disbursement includes the largest revenue from renewable energy initiatives on federal lands and waters including a record $4.37 billion from the New York Bight offshore wind lease sale. Since 1983, the above payout is…...
Technological advancements and climate goals are driving the transformation to distributed energy resources (DER), such as solar photovoltaic systems. The transformation, which is empowering consumers with more choices and energy management options, has also prompted an evaluation of potential cybersecurity risks stemming from anticipated future growth.
Federal and state initiatives to foster the growth of electric vehicles are on the rise, depicting the critical role that the transportation sector is poised to play in achieving climate goals and building a clean economy.