The U.S. Energy Department on May 30 announced New York as the first state in the U.S. to initiate their Home Energy Rebates Program established by the 2022 Inflation Reduction Act, or IRA. The launch is part of a wider national initiative to deliver $8.8 billion in federal funding for states, territories and tribes to…...
The Biden administration has launched a new initiative to address the challenges and opportunities faced by the power grid in the 21st century. The initiative, Federal-State Modern Grid Deployment Initiative, is a collaboration with 21 states, federal agencies, and stakeholders to facilitate quick and cost-effective adaptation of the power grid. Participating states will strive to…...
Regulators and lawmakers across the U.S. are increasingly exploring the possibilities of deploying virtual power plants (VPPs) as a cost-effective means to provide grid services. VPPs have garnered attention as…Read the full report …...
The Federal Energy Regulatory Commission has released its annual summer market and reliability report, providing an outlook for energy markets and electric reliability for the period of June-September 2024. The report forecasts warmer-than-average summer temperatures that increase electricity demand and adequate generating availability, although extreme conditions could challenge specific regions. Data center consumption has been…...
Regulators and lawmakers across the U.S. are increasingly exploring the possibilities of deploying virtual power plants (VPPs) as a cost-effective means to provide grid services. VPPs have garnered attention as fossil fuel-fired power plants retire and renewable energy resources continue to grow amid increasing electricity demand.
Electricity consumption from light duty vehicles surpassed that of rail systems in the U.S. in 2023, according to a May 20 report from the U.S. Energy Information Administration. Estimates of electricity consumption in the transport sector for the last five years show rail transport consuming the most electricity until 2022. This change reflects the increasing…...
Hydrogen technology continues to garner interest as an effective tool to support the progress towards net-zero emissions and decarbonize hard-to-electrify sectors. Recent developments include…Read the full report…...
The Biden administration continues to advance policies and programs to catalyze offshore wind deployment to achieve the goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030…Read the full report …...
The Biden administration continues to advance policies and programs to catalyze offshore wind deployment to achieve the goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035. States are also expediting offshore wind procurement efforts to align with ambitious deployment goals.