Power demand in Texas hit record highs in late June and July as homes and businesses increased air conditioning, fans, and other cooling equipment to tackle extreme heat waves. Hourly demand on the Texas power grid peaked at 82,579 megawatthours on July 18 in the 6:00 p.m. hour central time, according to a July 26…...
The deployment of carbon capture, utilization and storage (CCUS) technologies is expected to increase in the U.S., driven by federal and state initiatives to meet emissions reduction targets. Supportive policies, including $12 billion in funding from the Infrastructure Investment and Jobs Act (IIJA) of 2021 and enhanced tax credits under the Inflation Reduction Act (IRA) of 2022, are driving carbon capture projects across the U.S. Initiatives to expand carbon dioxide (CO2) pipelines to connect to sequestration sites have also gained momentum.
The U.S. Interior Department on July 19 announced the allocation of $120 million in funding as part of President Biden’s Investing in America agenda, forming a part of a larger $440 million investment for Tribal climate resilience programs. The funding aims to assist Tribal communities in combating severe climate-related environmental challenges in their homelands through…...
Emphasis on energy efficiency and related measures, such as building electrification, have been gaining significance as lawmakers and regulators… Read the full report …...
Emphasis on energy efficiency and related measures, such as building electrification, have been gaining significance as lawmakers and regulators across the U.S. strive to set policies that spur climate-friendly activity to progress toward a low-carbon economy.
As competitive electric suppliers expand their product and service offerings, state lawmakers and utility commissions across the U.S. continue to explore actions to improve oversight.
The U.S. Energy Department on June 27 announced the launch of its $25 million Enhancement & Innovation, or E&I, competitive grant program, which is a part of the $3.5 billion allocated to the Weatherization Assistance Program, or WAP, within the framework of the 2021 Infrastructure Investment and Jobs Act. With this significant funding pool, the…...
The U.S. Treasury Department and the Internal Revenue Service on June 14 provided guidance on important provisions within the 2022 Inflation Reduction Act, or IRA. The department plays a leading role in implementing the IRA, as much of the clean energy investment is delivered through tax incentives. The proposed guidance clarifies eligibility, processes, and addresses…...