As the Biden administration takes action to address climate change through federal policies including rejoining the Paris Agreement and increasing the social cost of carbon, states continue to strengthen existing carbon pricing programs and advance new initiatives. State-level activity on emission-trading programs and carbon pricing is expected to remain on the rise as more jurisdictions embrace policy goals to transition to a lower-carbon power system and economy.
Energy storage initiatives are moving forward at a swift pace to complement clean energy policies as batteries can facilitate the integration of diverse generation technologies and address grid stability. With improving economics, there is a growing discussion on the role of energy storage as a grid asset to foster reliability and optimize renewables to meet ambitious clean energy goals.
Several states are rethinking the resource adequacy paradigm as the electric resource mix changes through the addition of more intermittent resources to replace retiring coal-fired capacity and meet state decarbonization goals. Resource adequacy initiatives are intended to ensure that the planned resource mix is sufficient to meet the future system capacity needs and maintain grid reliability.
Distribution system planning is occurring across various states as utilities and regulators assess the growing need for grid integration of distributed energy resources (DER) and investments that have long-term implications for the power system.
Renewable energy received a boost with the enactment of the federal spending bill and COVID-19 relief package on Dec. 27, which includes tax extenders and about $35 billion in spending authorizations to support energy research and development programs. The legislation includes a two-year extension of the Investment Tax Credit for solar generation, a one-year extension…...
Amid commitments to procure more than 29 gigawatts (GW) of offshore wind capacity by 2035, U.S. states are exploring measures for transmission planning, interconnection reforms, supply chain development, and components production.
Amid gigawatt-scale goals for energy storage, U.S. state policies are evolving to create more opportunities for the technology. Storage is poised to play an integral role in the changing resource mix as more states pursue zero-carbon goals, driving the need for innovative policy initiatives and programs that optimize renewable energy sources and enhance grid reliability.
The growing demand for renewable energy to meet state and utility goals is driving the rapid expansion in the U.S. wind power market. The sector emerged as the top provider of new power generation capacity in 2019, adding about 9.1 gigawatts of large-scale projects.
Hydrogen is emerging as an important player in the U.S. energy landscape because of its ability to decarbonize multiple sectors. A number of exciting projects harnessing the technology are taking shape as hydrogen and fuel cells can store energy to help enhance the power grid and maximize opportunities to deploy renewable energy.
State policy goals are driving comprehensive grid modernization endeavors aimed at transitioning to a flexible and efficient grid that caters to the needs of the evolving electric sector and diverse customer interests. A growing number of state regulators and utilities alike are embarking on innovative ventures, striving towards necessary enhancements to accomplish energy and environmental goals.
The Michigan Public Service Commission on Sept. 24 requested staff and stakeholders in its MI Power Grid initiative to recommend how utility resource planning requirements should be revised to reflect the new emissions reductions goals set by an executive order from Governor Gretchen Whitmer. The order, issued on Sept. 23, creates the MI Healthy Climate…...
Proposals to accelerate the phase-out of coal-fired generation appear more prominently in long-term resource plans of U.S. electric utilities, reflecting the growing shift to renewable energy. The transition from coal continues to be driven by state clean energy mandates, emissions reduction goals, low natural gas prices, and increased availability of low-cost renewables and storage resources.