The U.S. Energy Department’s Loan Programs Office has announced a conditional commitment of up to $9.2 billion for three manufacturing facilities to supply batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles. The office approved the conditional loan for BlueOval SK LLC, a joint venture of Ford Motor Company and SK On, a…...
Several states across the U.S. are revisiting utility resource planning processes to account for changing policy developments and demand projections while also considering long-term affordability and reliability to build a more resilient grid.
The New York State Public Service Commission on June 23 adopted improvements to the NY-Sun program, which was expanded last year to reach 10 gigawatts of distributed solar by 2030 with an additional budget of $1.5 billion to reach the goal. The changes are based on recommendations in a mid-point review of the program in…...
The California Senate on June 20 approved legislation to study the feasibility and benefits of using wave energy and tidal energy as forms of clean energy in the state. The legislation also allows for pilot projects that assess the technological feasibility and provide research and demonstration of the technology along California’s shores. Senate bill 605…...
The U.S. Environmental Protection Agency on June 21 issued a final rule establishing the volume requirements and percentage standards for cellulosic biofuel, biomass-based diesel, advanced biofuel, and total renewable fuel for 2023-2025 under the Renewable Fuel Standard, or RFS, program. The final rule establishes renewable fuel blending volumes of 20.94, 21.54, and 22.33 billion gallons…...
The U.S. Energy Department on June 16 announced the selection of seven states, three tribal nations, and the District of Columbia as the second cohort to benefit from over $77 million in Grid Resilience State and Tribal Formula Grants. In May, the department announced that four states and two tribal nations had been selected to…...
The U.S. Treasury Department and the Internal Revenue Service on June 14 provided guidance on important provisions within the 2022 Inflation Reduction Act, or IRA. The department plays a leading role in implementing the IRA, as much of the clean energy investment is delivered through tax incentives. The proposed guidance clarifies eligibility, processes, and addresses…...
Community solar is poised for significant growth across the U.S. driven by state actions to encourage solar power and incentives in the 2022 Inflation Reduction Act (IRA). Also known as shared solar, community solar allows multiple energy customers to participate in projects that are remotely located and receive credits to lower their electricity bill.
The Electric Reliability Council of Texas announced the launch of a new daily procured ancillary service aimed to support grid reliability and reduce real-time operational issues to balance supply and demand. The new service, called ERCOT Contingency Reserve Service, or ECRS, marks the first such service introduced to the market in more than two decades…....
The 60th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the more than 22 million CO2 allowances offered at a clearing price of $12.73, according to results released on June 9. By comparison, allowances cleared at $12.50 in the previous auction held…...