The U.S. Energy Department on Jan. 22 announced a major restructuring of its federal energy lending operations, stating that the Office of Energy Dominance Financing will restructure, revise, or eliminate more than $83 billion in loans and conditional commitments tied to the Biden administration’s portfolio. The move is framed as a portfolio reset intended to…...
Energy storage is gaining strategic importance as electricity demand surges and grid modernization accelerates across the…Read the full report …...
The rapid growth of data centers, electrification, and manufacturing is driving a step change in electricity demand, compelling regulators and grid operators to revisit.…. Read the full report…...
The U.S. Interior Department on Dec. 22 ordered an immediate pause on leases for all large-scale offshore wind projects currently under construction in U.S. waters. The decision followed classified national security reviews conducted in coordination with federal defense agencies, prompting regulators to assess whether the risks can be mitigated through technical or operational changes. The…...
The New York State Energy Planning Board on Dec. 16 voted unanimously to approve a new State Energy Plan, establishing a long-term framework to guide energy-related decision making through 2040 while balancing affordability, reliability, economic growth, and emissions reduction. The plan is grounded in more than a year of analysis examining New York’s current energy…...
U.S. carbon markets are closing out the year with record prices and strong auction demand, reflecting the growing maturity of…Read the full report …...
U.S. carbon markets are closing out the year with record prices and strong auction demand, reflecting the growing maturity of emissions trading as state participation evolves. Market performance remains strong across the Northeast and West, even as Pennsylvania withdraws from regional participation.
Midcontinent Independent System Operator on Dec. 1 announced the second cycle of proposals to be examined under its Expedited Resource Addition Study, or ERAS, process, adding 15 proposed generation projects totaling about 6,100 megawatts across its North, Central and South regions. The projects include solar, wind, natural gas and battery storage resources, with proposed in-service…...
U.S. grid operators and utilities are intensifying winter preparedness efforts to ensure reliable electricity supplies, even as rising demand and supply constraints heighten the risk of…Read the full report …...
U.S. grid operators and utilities are intensifying winter preparedness efforts to ensure reliable electricity supplies, even as rising demand and supply constraints heighten the risk of energy shortfalls during extreme cold events.
Long-term resource plans of electric utilities across the U.S. reflect the growing role of energy storage in integrated resource planning, with multi-gigawatt portfolios designed to support…Read the full report …...