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…...
Federal and state goals have boosted the offshore wind industry, leading to several projects under various stages of development. Although cost increases have challenged some projects along the East Coast, development activities are gaining momentum along the West Coast.
Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as… Read the full report …...
In the most recent winter heating season during Nov 1–March 31, U.S. electricity generation from natural gas was the highest in over 25 years. Setting a record at 619 billion kilowatt-hours (BkWh), gas-fired generation averaged over 120 BkWh per month and accounted for 38 percent of U.S. power generation mix, according to a June 6…...
The Bureau of Ocean Energy Management on May 30 published a final environmental assessment of the potential effects of offshore wind leasing in the Gulf of Mexico. This represents a significant milestone in the prospect of the region’s inaugural offshore wind lease sale and is in-line with the objective of the Biden administration to achieve…...
The U.S. Interior Department has detailed its progress on the development of two renewable energy transmission projects, namely Greenlink West transmission project and Greenlink North transmission project in Nevada. These projects together are expected to help connect approximately 8 gigawatts of renewable energy to the Western grid. The Bureau of Land Management has commenced the…...
Texas is completing its first full legislative session since the 2021 Winter Storm Uri exposed catastrophic reliability flaws. The Texas legislature convenes in odd-numbered years. In 2021, a package of laws was passed to address critical reliability flaws like weatherization. In the current session, lawmakers are looking at the big picture and proposing to fundamentally secure natural gas as the backbone of reliability.
The U.S. Environmental Protection Agency (EPA) has proposed new limits on carbon dioxide emissions from coal- and gas-fired power plants, the latest in a string of actions to further the Biden administration’s ambitious climate agenda including proposals to strengthen vehicle emission standards and curb methane leaks from oil and gas wells.