U.S. power plant operators and developers added 20.2 gigawatts (GW) of utility scale power generating capability during the first six months of 2024, according to an Aug. 19 report published by the U.S. Energy Information Administration. The new capacity is 21 percent or 3.6 GW higher than capacity added during a similar period in 2023…....
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 …...
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…Read the full report…...
The Minnesota Public Utilities Commission on Aug. 9 granted approval for Xcel Energy Inc.’s updated Resilient Minneapolis Project aimed to bolster resilience in disadvantaged communities. Initially approved in 2022, the purpose of the project is to deploy rooftop solar, battery storage, and microgrid controls at the Minneapolis American Indian Center, Sabathani Community Center, as well…...
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’s Loan Programs Office on Aug. 8 announced a conditional loan guarantee commitment of up to $1.45 billion to QCells, a crystalline silicon solar manufacturer, to support a solar supply chain facility in Cartersville, Georgia. The facility would be capable of producing 3.3 gigawatts (GW) of solar panels annually, which has the…...
The U.S. Treasury Department on Aug. 7 reported that over 3.4 million U.S. consumers benefited from $8.4 billion in tax credits to reduce the costs of clean energy and energy efficiency enhancements to their households during 2023. This is the first public release of data from 2023 tax filing displaying the benefit of clean energy…...
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…Read the full report…...
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.
