States across the U.S. are advancing plans and procurement strategies for the expansion of energy storage deployment to meet ambitious targets. Energy storage helps…Read the full report …...
States across the U.S. are advancing plans and procurement strategies for the expansion of energy storage deployment to meet ambitious targets. Energy storage helps balance electricity demand from variable energy sources like wind and solar, while providing backup power to the grid during peak usage or outages.
The U.S. Treasury Department and Internal Revenue Service on Jan. 10 released guidance on the section 45Z Clean Fuels Production Credit, which is in effect in 2025 and is available for transportation fuels with lifecycle greenhouse gas emissions below certain levels. The guidance consists of a notice of intent to propose regulations for the 45Z…...
The U.S. Interior Department on Jan. 10 announced a $15.89 million investment to help three Tribal Nations and the State of Alabama clean up orphaned oil and gas wells. The funding is part of the Biden Administration’s Investing in America agenda and builds on previously announced funding of the $69 million in Tribal grants and…...
The North American Reliability Corporation (NERC) has issued an incident review highlighting the risks of the growing integration of voltage-sensitive large loads on the power grid due to energy-intensive sources such as data centers and crypto-mining facilities. NERC also issued guidance on integrating voltage-sensitive loads into power systems after investigating a sudden incident that resulted…...
The U.S. Interior Department on Jan. 8 announced that the Bureau of Land Management received zero bids for the government authorized oil and gas lease sale for the Coastal Plain of the Arctic National Wildlife Refuge (Arctic Refuge), following the bid submission deadline of Jan. 6. The 2017 Tax Cuts and Jobs Act directed the…...
The U.S. Treasury Department and Internal Revenue Service on Jan. 8 released the final rules and guidelines for the 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program. The bonus credit program seeks to reduce energy costs and boost clean energy investment in low-income communities, including Indian Lands and affordable housing. The new regulations expand…...
The U.S. benchmark Henry Hub natural gas spot price averaged $2.21 per million British thermal units (MMBtu) during 2024, the lowest yearly average price on record, according to a Jan. 8 report published by the U.S. Energy Information Administration. The average natural gas spot price during 2024 was 16 percent lower than its 2023 average…...
The U.S. Energy Department on Jan.7 announced a conditional commitment for a loan guarantee of up to $1.81 billion to Arizona Public Service Company (APS) to finance electric utility projects in Arizona. APS, the largest utility company in the state, will use the loan to invest in clean energy, transmission, and grid resilience projects in…...
The U.S. Department of the Treasury and the Internal Revenue Service on Jan. 7 released the final rules for the Clean Electricity Investment Tax Credit, under section 45Y, and the Clean Electricity Production Tax Credit, under section 45E. Known as the technology-neutral credits, the final rules clarify what type of clean electricity zero-emissions technologies are…...
The Federal Emergency Management Agency has announced $1.35 billion for two grant programs, to improve climate resilience and tackle the effects of adverse weather. The annual Building Resilient Infrastructure and Communities, or BRIC, grant program will provide $750 million to projects that protect communities and infrastructure against natural disasters. The Flood Mitigation Assistance program will…...
