The U.S. Energy Department on Nov. 7 announced the closing of a $445 million loan to Li-Cycle U.S. Inc. to support the first-of-its-kind lithium-ion battery resource recovery facility to be built in New York. The project aims to produce up to 180,000 electric vehicles (EVs) annually using recycled materials, while also supporting efforts to onshore…...
U.S. electricity production from hydroelectric plants is expected to be 13 percent lower during 2024 than the 10-year average, according to a Nov. 7 report published by the U.S. Energy Information Administration. If realized this will be the lowest volume of electricity produced from hydropower since 2001. The decrease in hydropower generation can be attributed…...
U.S. fuel ethanol exports are projected to reach a record high during 2024, according to an Nov. 6 report published by the U.S. Energy Information Administration. The growth in U.S. fuel ethanol exports can be attributed to relatively lower U.S. fuel ethanol prices, high U.S. fuel ethanol production and robust demand in countries with biofuel…...
The National Renewable Energy Laboratory (NREL) will provide technical guidance to three projects the U.S. Energy Department selected for its Distributed Energy Systems Demonstrations Program, according to a Nov. 6 press release. In September 2023, the department launched a $50 million funding opportunity for three projects to deploy distributed energy resource management systems, or DERMS…....
Washington voters on Nov. 5 rejected Initiative 2117, a ballot measure that sought to repeal the 2021 Climate Commitment Act, which established the cap-and-invest program, a key component of the state’s efforts to achieve emission limits set in law and progress toward net-zero carbon emissions by 2050. Nearly 62 percent of voters cast ballots against…...
Average U.S. nuclear capacity outages declined to around 2.6 gigawatts (GW) per day during summer 2024, down 0.5 GW compared to summer 2023, according to an Nov. 5 report published by the U.S. Energy Information Administration. U.S. nuclear capacity outages were mostly evident in mid-July and early August, averaging 3.1 GW per day during the…...
The North American Electric Reliability Corporation (NERC) on Nov. 4 released the second and third parts of its Interregional Transfer Capability Study, or ITCS, initiated last year to analyze the amount of power that can be moved reliably across interconnected transmission systems. The report recommends that the U.S. add 35 gigawatts (GW) of power transfer…...
The North Carolina Utilities Commission on Nov. 1 approved Duke Energy’s Carolinas Resource Plan, which includes the utility’s energy resource portfolio and carbon emissions targets. The plan approved development work on Duke Energy’s major renewable energy projects along with associated costs and extended the deadline for achieving a 70 percent carbon reduction from 2030 to…...
U.S. ethane and ethane based petrochemical exports hit a record high of 21.6 million metric tons (MMmt) during 2023, according to an Nov. 4 report published by the U.S. Energy Information Administration. The record high export volume during 2023 is 17 percent compared to the previous year and 135 percent higher compared to when the…...
Co-locating energy-intensive data centers with power generation facilities is viewed as a strategic solution to access large sources of electricity without lengthy interconnection processes or extensive grid upgrades. Recently, technology firms have turned to nuclear power for…Read the full report…...
Co-locating energy-intensive data centers with power generation facilities is viewed as a strategic solution to access large sources of electricity without lengthy interconnection processes or extensive grid
upgrades. Recently, technology firms have turned to nuclear power for its steady, carbon-free output to directly power these high-demand facilities. However, the co-location trend has raised concerns over grid reliability and potential cost impacts.