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…...
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…...
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…...
The U.S. Energy Department on June 12 unveiled a funding package exceeding $192 million, aimed at advancing battery recycling for consumer products. This initiative includes the establishment of an advanced battery research and development consortium, as well as the continuation of the Lithium-Ion Battery Recycling Prize, which was initiated in 2019. This investment supports the…...
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…...