The U.S. Energy Department’s Loan Programs Office on June 9 announced a conditional commitment of an $850 million loan intended to provide financial support for the construction of KORE Power Inc.’s advanced battery cell manufacturing facility in Buckeye, Arizona. The facility, named “KOREPlex,” would bolster the domestic battery supply chain by increasing the battery cell…...
The U.S. Energy Department on June 9 announced grants totaling $26 million to thirteen university, nonprofit, and private-sector teams across twelve states and the District of Columbia to support the implementation of the consent-based siting for the storage and disposal of spent fuel. The project teams, representing diverse geographic and institutional backgrounds, will receive $2…...
Energy consumers in Michigan can anticipate more affordable prices in 2023 summer compared to 2022, according to a June 7 report released by the Michigan Public Service Commission. The report projects a decrease of 86 cents per gallon in average seasonal gasoline prices. Although there may be a slight increase in electricity costs, this will…...
In the most recent winter heating season during Nov 1–March 31, U.S. electricity generation from natural gas was the highest in over 25 years. Setting a record at 619 billion kilowatt-hours (BkWh), gas-fired generation averaged over 120 BkWh per month and accounted for 38 percent of U.S. power generation mix, according to a June 6…...
The U.S. Energy Department on June 5 announced the release of the U.S. National Clean Hydrogen Strategy and Roadmap, providing a framework to speed up the production, processing, delivery, storage, and use of clean hydrogen. The report explores opportunities for clean hydrogen – an energy carrier that can be produced with low or zero emissions…...
The U.S. Energy Department on June 1 announced $46 million in grants to eight companies across seven states to advance designs, as well as research and development for fusion power plants. This investment represents a major stride towards the Biden administration’s commitment to establish a pilot-scale demonstration of fusion energy within the next decade which…...
The Bureau of Ocean Energy Management on May 30 published a final environmental assessment of the potential effects of offshore wind leasing in the Gulf of Mexico. This represents a significant milestone in the prospect of the region’s inaugural offshore wind lease sale and is in-line with the objective of the Biden administration to achieve…...
The U.S. Interior Department has detailed its progress on the development of two renewable energy transmission projects, namely Greenlink West transmission project and Greenlink North transmission project in Nevada. These projects together are expected to help connect approximately 8 gigawatts of renewable energy to the Western grid. The Bureau of Land Management has commenced the…...
The thirty-fifth quarterly carbon auction held by California and Quebec sold all of the nearly 56.08 million carbon permits offered for current emissions at a price of $30.33 per allowance, above the floor price of $22.21, according to the results released on May 25 by the California Air Resources Board. The settlement price is nearly…...
The U.S. Environmental Protection Agency on May 11 proposed new rules to limit carbon dioxide emissions from fossil fuel-fired power plants, with emission limits phasing in over the next decade. The proposed standards rely on carbon capture and sequestration, low-emission hydrogen co-firing, and natural gas co-firing technologies to achieve emissions reductions. Starting in 2030, the…...
The first auction of greenhouse gas allowances under Washington’s cap-and-invest program generated $299.9 million, according to a March 28 press release from the state’s Department of Ecology. The auction, held on Feb. 28, sold nearly all of the 6.2 million allowances that were offered at a settlement price of $48.50, more than double the floor…...
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…...