PJM Auction Prices

PJM Capacity Prices Drop by 32 Percent

PJM Interconnection LLC’s capacity auction for the 2023/2024 delivery year cleared at $34.13 per megawatt-day, which is nearly 32 percent lower compared to the 2021 auction, according to the grid operator’s June 21 news release. The auction procured adequate resources to meet energy needs in PJM’s service area, which covers all or part of the…

U.S. Interior Approves 465 Megawatts of Solar Projects in California

U.S. Interior Approves 465 Megawatts of Solar Projects in California

The U.S. Department of the Interior issued the final endorsement and orchestrated solar projects in Arica and Victory Pass in the vicinity of Desert Center Eastern Riverside County. This project will add 465 megawatts of power in the national grid system along with 400 megawatt battery storage which will provide power to approximately 132,000 homes…...

President Biden Commits U.S. to Achieve 50 Percent Emissions Reductions in 2030

U.S. Energy Department Examines Reforms to Loan Guarantee Program Rule

The U.S. Energy Department’s Loan Program Office issued a request for information on June 1 to update and improve its Title XVII Innovative Technologies Loan Guarantee Program intended to support early commercial use of advanced technologies. The agency seeks feedback from various stakeholders including developers, investors, government agencies, academia, and impacted communities. The input will…...

EnerKnol Research PU Visual Primer Solar Policy 2022 05 24 Blog preview

Visual Primer: U.S. Investigation of Imported Photovoltaic Panels Dims Prospects for Solar Buildout

Amid federal and state policies aimed at catalyzing solar power to facilitate power sector decarbonization, an investigation into circumvention of tariffs on solar panels imported from Southeast Asia has created market uncertainty, threatening U.S. solar buildout.

EnerKnol Research PU Visual Primer Carbon Capture 2022 05 03 Blog preview

Visual Primer: U.S. Energy Industry Turns to Carbon Capture to Reach Net-Zero Emissions

The increasing focus on reducing carbon dioxide (CO2) and other greenhouse gas emissions to achieve climate goals has drawn renewed attention to the deployment of carbon capture, utilization, and storage (CCUS) technologies. Federal investments in carbon management through the 2021 Infrastructure Investment and Jobs Act (IIJA) have provided a near-term opportunity to scale commercial carbon capture projects.