Across the U.S., policy makers, regulators, and utilities are increasingly viewing energy storage as imperative to enable a transition to greater use of renewable energy, electrify buildings and transportation, and enhance grid reliability.
The New Jersey Board of Public Utilities on Aug. 18 accepted a cost impact study, assessing how the state’s transition to renewable energy will affect utility rates under the Energy Master Plan, or EMP. The study found that most ratepayers would be able to reduce their energy bills by electrifying buildings and transportation and lowering…...
Grid modernization efforts are increasingly focused on resilience and reliability to protect the system against extreme weather and cyberattacks. Lawmakers and regulators are pursuing reforms to ensure that policies keep pace with the rapidly changing resource mix to facilitate the transformation to a future grid capable of integrating the increasing number of intermittent resources and electric vehicles.
The Virginia State Corporation Commission on Aug. 5 approved Dominion Energy Inc.’s Coastal Virginia Offshore Wind Commercial project, a 2,587-megawatt wind facility 27 miles off the coast of Virginia Beach. The project , the state’s first utility-scale offshore wind facility, will help the utility meet its requirements under the renewable portfolio standards. Regulators also granted…...
The Illinois Commerce Commission on July 18 approved $1.1 billion to authorize Illinois Power Agency (IPA) to procure new renewable generation in Illinois over a two-year period under the 2022 Long Term Renewable Resource Procurement Plan, or LTRRPP. The program will provide a minimum of 25 percent of total incentive to projects located in environmental…...
A massive investment in transmission infrastructure is necessary to move renewable energy over long distances from where it is produced to where it is needed. These transmission lines, which are so necessary to combat climate change present an inherent wildfire risk exacerbated by drought conditions in the western United States and Canada.
Strategies to expand electric vehicle (EV) charging infrastructure are gaining emphasis as states seek to reduce the use of carbon-intensive transportation fuels to progress towards decarbonization and EV adoption goals.
The Baker-Polito Administration on June 30 published the Clean Energy and Climate Plan for 2025 and 2030 (2025/2030 CEP). The plan provides an extensive and detailed approach to cutting greenhouse gas emissions by 33 percent compared to 1990 levels, by 2025 and by a minimum of 50 percent by 2030, in order to reach Massachusetts…...
PJM Interconnection LLC’s capacity market auction for the 2023-2024 delivery year cleared at $34.13 per megawatt-day (MW-day), which is nearly 32 percent lower compared to the 2021 auction and the lowest in almost a decade. The auction results reflect a low-carbon resource mix, with a growth of more than 5,000 cleared megawatts of carbon-free resources, according to the grid operator, which operates across 13 states and the District of Columbia.
The Michigan Public Service Commission on June 23 approved a settlement agreement that allows Consumers Energy Co. to exit coal-fired generation by 2025 and add 8 gigawatts of solar energy to the grid. The settlement pertains to the company’s integrated resource plan, or IRP, which identifies the optimal mix of resources to serve customers over…...