The commitment to a low-carbon future is growing stronger, with states and utilities diversifying their energy transition strategies. There is a growing awareness of the magnitude of the transition including the scale of grid modernization, supply chain challenges, and economic realities as renewable resources and decarbonization technologies expand. Supportive policies and technological advancements are key…...
State renewable portfolio standards (RPS) are a key driver behind the torrid expansion of wind and solar generation across the U.S. RPS requires electricity suppliers to obtain a certain percentage of their retail sales from eligible renewable resources, with targets set to increase annually. In recent years, states have expanded their RPS programs to create…
The Bureau of Ocean Energy Management on Dec. 19 announced a proactive step in supporting the Biden-Harris administration’s renewable energy objectives by initiating a regional environmental review for potential development on five offshore wind lease areas off California’s central and north coasts. A wind energy auction for the five leases held last December drew competitive…...
Discussions around carbon markets reflect the growing emphasis on collaborative efforts to advance climate solutions. Despite gaining prominence as an efficient market-based solution to reduce emissions, carbon trading initiatives face obstacles due to concerns of…Read the full report …...
Discussions around carbon markets reflect the growing emphasis on collaborative efforts to advance climate solutions. Despite gaining prominence as an efficient market-based solution to reduce emissions, carbon trading initiatives face obstacles due to concerns of higher energy prices.
Grid operators and utilities across the U.S. have enhanced their winter preparation initiatives building on lessons learned from winter storms Uri and Elliott. Higher-than-average temperatures in the northern half of the U.S. are expected to…Read the full report …...
Grid operators and utilities across the U.S. have enhanced their winter preparation initiatives building on lessons learned from winter storms Uri and Elliott. Higher-than-average temperatures in the northern half of the U.S. are expected to lower electricity and natural gas demand, and all regions are projected to have adequate resources for a normal winter. However, extreme weather, such as a prolonged cold snap, continues to pose reliability risks to the grid.
The New York State Energy Research and Development Authority on Nov. 30 announced the launch of the state’s fourth offshore wind solicitation as part of a 10-point action plan issued in October to support the growing large-scale renewable industry. The action plan outlines a comprehensive set of actions being taken to lay the foundation for…...
The U.S. Energy Department on Nov. 27 announced $275 million in grant selections for seven projects to strengthen clean energy supply chains and revitalize communities impacted by coal mine or coal power plant closures. The projects will leverage over $600 million in private sector investments in small- and medium-sized manufacturers and create nearly 1,500 jobs…....