Ambitious federal goals and initiatives, coupled with state commitments, are driving the transition to a low-carbon future across the U.S. Investments and tax incentives included in the 2022 Inflation Reduction Act (IRA) have added new momentum to the renewable and clean energy industries including offshore wind, nuclear power, and distributed solar.…. Read the full report…...
The growth in utility-scale power generation from renewable energy sources, the rapidly-growing electricity production sources, increased from 21 percent in 2021 to 24 percent in 2022 during the first half of 2022, according to the U.S. Energy Information Administration. Among these, hydropower, wind, and solar are the major energy sources contributing to renewable electricity generation…...
Coal accounted for the largest share of electricity generation in 15 U.S. states during 2021, according to a report published on Dec. 7 by the U.S. Energy Information Administration. The number of states using coal as compared to other energy sources has declined from 32 in 2001, with the U.S. shifting away from coal generation…
Across the U.S. between January 2016 and August 2022, wind plant capacity factors reached their highest levels in March and April and were at their lowest in July and August, according to a Nov. 30 report by the U.S. Energy Information Administration. Geographical variations in wind resource potential implies wind production varies significantly across regions…....
Ambitious federal goals and initiatives to boost offshore wind power generation, coupled with state commitments, are opening new frontiers for the industry. Recent developments reflect the growing emphasis on transmission infrastructure upgrades and regional planning required to make these goals a reality.
The California Air Resources Board on Nov.16 unveiled the policies and actions the state proposes to implement, in order to reduce its dependence on fossil fuels and become carbon neutral by 2045 or earlier. The revised proposal follows Governor Newsom’s plea for more impactful climate actions and is innovative in both scale and scope. The…...
Ambitious clean energy and reliability goals continue to drive grid modernization efforts ranging from proposed rules to encourage utility investments in cybersecurity to a $10.5 billion initiative to enhance grid resilience.
The U.S. Interior Department has announced the second-highest disbursement, amounting to $21.53 billion, in energy revenues in fiscal year 2022. The disbursement includes the largest revenue from renewable energy initiatives on federal lands and waters including a record $4.37 billion from the New York Bight offshore wind lease sale. Since 1983, the above payout is…...
The U.S. Energy Department on Nov. 1 announced new funding opportunities to facilitate clean energy deployment on tribal lands and power unelectrified tribal buildings. The financing will encourage tribal energy and economic expansion by assisting local populations to take advantage of the benefits associated with clean energy deployment. The funding adds to investments made by…...
