The rapid surge in power demand from data centers has prompted calls for additional capacity to maintain grid reliability. Unlike “electrify everything” initiatives, such as…Read the full report …...
The rapid surge in power demand from data centers has prompted calls for additional capacity to maintain grid reliability. Unlike “electrify everything” initiatives, such as transportation electrification, which are part of broader policy goals and planned through regulatory proceedings, large loads like data centers have emerged unexpectedly.
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from a reduced electricity supply, mainly due to numerous generator retirements, coupled with rising demand and the implementation of market reforms, according to PJM, which operates across 13 states and the District of Columbia.
The U.S. Energy Department on Aug. 6 announced $2.2 billion for eight grid infrastructure projects across 18 states. The core objectives of the investment are to improve grid resilience to extreme weather shocks, increase grid capacity to accommodate growing demand, and integrate clean and renewable power sources into the grid. These grid infrastructure projects are…...
The Minnesota Public Utilities Commission on Aug. 2 approved Minnesota Power’s high-voltage direct-current, or HVDC, transmission project designed to increase capacity to prepare the system for future expansion and address grid reliability. The approval allows for a capacity of up to 900 megawatts (MW), up from the current 550 MW capacity. The project is estimated…...
Hurricane Beryl, the first major hurricane of the 2024 Atlantic hurricane season, has brought new attention to the fragility of the Texas power grid and the pressing need to strengthen utility infrastructure to ensure reliability. The hurricane made landfall in the Texas Gulf Coast, a key hub for the U.S. energy industry, on July 8.
The U.S. Energy Department on Aug. 2 announced that Wisconsin has unveiled its initial Home Energy Rebates program, supported by the 2022 Inflation Reduction Act. Wisconsin is the first state in the U.S. to inaugurate the Home Efficiency (HOMES) segment of the rebate program. The program particularly empowers lower income families to save on energy…...
The New York Power Authority will receive $43 million funding from the U.S. Energy Department for its Propel NY Energy Sustainable Communities Initiative, providing funding to disadvantaged communities affected by the project. The funding is a part of the Transmission Siting and Economic Development, or TSED, grant program under the 2022 Inflation Reduction Act, or…...
The Texas Public Utility Commission has received 72 applications for funding via the Texas Energy Fund’s “In-ERCOT Generation Loan Program.” The applications request $24.41 billion to fund 38,379 megawatts (MW) of planned dispatchable electricity generation projects in the Electricity Reliability Council of Texas (ERCOT) region. The In-ERCOT Generation Loan Program, is one of four Texas…...