Recent long-term resource plans of several electric utilities include accelerated timelines to develop renewables or retire coal-generation fleet, reflecting the impact of policy changes ensuing from 2022 Inflation Reduction Act (IRA). The IRA includes provisions to support the transition of the U.S. electricity generation fleet to cleaner energy sources and lower carbon emissions.
The National Offshore Wind Research and Development Consortium on Jan.23 published a report highlighting how the U.S. can create a robust and reasonable domestic supply chain necessary for the U.S. to achieve the national offshore wind target of 30 gigawatts by 2030. The report highlights the need for domestic supply chain, local workforce and energy…...
New Jersey Governor Phil Murphy on Jan. 23 announced that the process of updating the state’s Energy Master Plan, or EMP, has begun and will be released in 2024. The EMP serves as New Jersey’s blueprint to attain 100 percent clean energy by 2050. The new EMP will incorporate the state’s updated climate goals and…...
The market for renewable natural gas (RNG) is in transition as decarbonization mandates have led more states and jurisdictions to embrace strong policies lowering barriers to market access.
Electricity generation from wind and solar energy are projected to account for 16 percent of total U.S. generation in 2023, double the level of 8 percent in 2018, according to the U.S. Energy Information Administration. On the other hand, the share of coal and natural gas generation are expected to fall to 18 percent and…...
The New York Independent System Operator has completed final interconnection studies for 27 new solar, wind, energy storage, and energy transmission expansion projects totaling 7.4 gigawatts, according to a Jan. 13 press release. This brings the projects closer to commercial operation, supporting the state’s efforts to accomplish the clean energy directives of the 2019 Climate…...
The U.S. Energy Information Administration (EIA) projects retail gasoline and diesel prices to decrease in 2023 and 2024, following record highs during the first six months of 2022. The expected price decline can be attributed to projections of lower demand expansion for diesel and motor gasoline, due to high production costs and high inflation. The…...
Federal and state agencies across the U.S. are boosting efforts to support electric vehicles (EVs) through zero-emission vehicle (ZEV) goals and decarbonization mandates. EVs are poised to play a significant role in the transition to a decarbonized economy by reducing dependence on fossil fuels.
The U.S. trading hubs’ average wholesale electricity prices increased in 2022 compared with 2021 on account of extreme weather conditions and the limited supply of coal to replace higher-priced natural gas, according to a Jan. 10 report from the U.S. Energy Information Administration. Extreme weather and manpower shortages in the railroad and coal mine industries…...
