The average monthly spot U.S. natural gas price declined between January 2023 and June 2023 by 34 percent, or $1.12 metric million British thermal units, according to a July 24 report from the U.S. Energy Information Administration. The report, based on data from Refinitiv Eikon, attributes the price decrease to a comfortable supply picture due…...
The U.S. Interior Department on July 19 announced the allocation of $120 million in funding as part of President Biden’s Investing in America agenda, forming a part of a larger $440 million investment for Tribal climate resilience programs. The funding aims to assist Tribal communities in combating severe climate-related environmental challenges in their homelands through…...
The U.S. Energy Department on July 17 announced $150 million for states through a grant program to train residential energy efficiency and electrification contractors. The initiative, State-Based Home Energy Efficiency Contractor Training Grants Program, is funded by the 2022 Inflation Reduction Act, or IRA. The purpose of the initiative is to train a new generation…...
The U.S. Court of Appeals for the District of Columbia Circuit has invalidated the Federal Energy Regulatory Commission’s approval of tariff revisions to effectuate the Southeast Energy Exchange Market, or SEEM. The court said that FERC failed to explain how the tariff revisions were consistent with the requirements in its Order 888, which directed utilities…...
U.S. natural gas storage injections far this summer have exceeded the previous five year average (2018-2022), according to the U.S. Energy Information Administration. As of July 7, natural gas inventories totaled 2,930 billion cubic feet in the lower 48 states. U.S. gas prices have largely followed a downward trend during 2023, in line with robust…...
The combined wind and solar generation capacity in Texas is projected to double by 2035, leading to a significant growth of renewables in the total generation mix, according to a July 13 report from the U.S. Energy Information Administration. The growth in renewable generation is in line with the state’s objectives. In 2005, the state…...
The California Independent System Operator on July 11 announced that total battery storage capacity on the grid increased to 5,600 megawatts from about 500 megawatts just three years ago. This ten-fold growth since 2020 enhances reliability as the state progresses towards the goal of achieving 100 percent clean electricity by 2045. Based on an average…...
The U.S. Energy Department has announced $72 million to small-scale businesses for scientific projects related to clean energy and climate change. In total, 296 projects will receive funding across 44 states encompassing a wide range of focus areas, including renewable energy, nuclear energy, cybersecurity, advanced materials and manufacturing, microelectronics, and artificial intelligence. This investment will…...
The U.S. Energy Department on July 5 announced that it is considering establishing a demand-side initiative with an investment of up to $1 billion to help advance clean hydrogen hubs. The 2021 Infrastructure Investment and Jobs Act, or IIJA, authorized $8 billion from 2022 through 2026 to establish a program that supports the development of…...
The U.S. Interior Department on July 5 approved the construction and operations of Ørsted’s 1.1-gigawatt Ocean Wind 1 project off New Jersey, the third commercial-scale offshore wind project in the U.S. The project would be capable of supplying over 380,000 homes and is expected to create more than 3,000 jobs through the development phase and…...
The U.S. Environmental Protection Agency on June 29 announced the launch of the $7 billion Solar for All program, a grant competition for states, tribal governments, municipalities, and nonprofits to expand the number of low-income and disadvantaged communities that are primed for residential and community solar investment. The program, a part of the Greenhouse Gas…...
The U.S. Energy Department on June 27 announced the launch of its $25 million Enhancement & Innovation, or E&I, competitive grant program, which is a part of the $3.5 billion allocated to the Weatherization Assistance Program, or WAP, within the framework of the 2021 Infrastructure Investment and Jobs Act. With this significant funding pool, the…...