Week Ahead: Palisades Nuclear Plant Restart, CA Reviews Building Energy Standards, RI’s Renewable Energy Markets
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U.S. Energy Department Announces Electricity Demand Growth Resource Hub
The U.S. Energy Department has released a resource hub providing a suite of tools to support private and public stakeholders in fulfilling increasing electricity demand, while maintaining grid reliability, security, and affordability. Electricity demand is expected to increase significantly over the next decade driven by the domestic manufacturing sector, growing electrification, the increase in artificial…...
Interconnection Efficiency Increasingly Crucial as New Power Sources Proliferate
Amid ongoing improvements to interconnection processes across the U.S., current queue backlogs and the rapid increase in…Read the full report …...
California Establishes Centralized Strategy to Procure 10.6 Gigawatts of Clean Energy
The California Public Utilities Commission on Aug. 22 issued a decision establishing a novel centralized strategy to procure clean energy and accelerate the state’s efforts to achieve emissions reduction targets for 2045 and beyond. The decision, which determines the need for centralized procurement of long lead-time resources, intends to streamline the process of securing diverse…...
U.S. Expected to Add Nearly 43 Gigawatts of Generating Capacity During Second Half of This Year: EIA
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…....
Grid Planners Grapple With Ensuring Reliability Amid Unprecedented Projections of Demand Growth From Data Centers
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 Capacity Auction Prices Surge to Record Highs Amid Supply Concerns
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…...
Minnesota Commission Approves Xcel’s Updated Resilient Minneapolis Project
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…...
Visual Primer: PJM Capacity Auction Prices Surge to Record Highs Amid Supply Concerns
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.