Carbon Capture and Storage Projects

U.S. EPA Issues First Permits for Carbon Sequestration in California

The U.S. Environmental Protection Agency on Dec. 30 issued Underground Injection Control, or UIC, Class VI well permits to Carbon TerraVault JV Storage Company Sub 1 LLC for permanent underground storage of carbon dioxide. This authorization marks the first permits for Class VI injection wells in California. Once developed, the injection wells can sequester 1.5…...

Pacific Gas and Electric Proposes Subscription Pricing for Commercial Electric Vehicles to Boost Investment

New York Announces $28.5 Million to Install Electric Vehicle Fast Chargers

New York Governor Kathy Hochul on Dec. 18 announced the availability of $28.5 million to install electric vehicle fast chargers across key travel corridors in the state. The additional capital is made available through the federal National Electric Vehicle Infrastructure, or NEVI, formula funding program. The new competitive Downstate Direct Current Fast Charger, or DCFC…...

ERCOT’s Final Winterization Report Confident That Texas Grid Is Prepared for Winter Weather

New York Commission Approves Climate Resiliency Plans of Major Utilities

The New York State Public Service Commission on Dec. 19 approved climate change resiliency plans filed by Central Hudson Gas & Electric Corporation, Consolidated Edison Company of New York or Con Edison, National Grid, and Orange & Rockland Utilities (O&R). In its order, the commission rejected Con Edison and O&R’s proposal to develop a Storm…...

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New York Approves Five Renewable Energy Projects Expected to Yield $3 Billion in Economic Benefits

The New York Public Service Commission on Dec. 19 approved five clean energy projects that could generate over $3 billion in economic benefits for local communities. The five projects have a combined capacity of over 2 gigawatts (GW) and could deliver clean energy to more than one million homes. Alle-Catt Wind, Brookeside Solar, the Champlain-Hudson…...

Vermont Legislation Creates Initiatives to Cut emissions From Thermal Energy, Transportation Sectors

U.S. EPA Approves Waivers for California to Set Stricter Vehicle Emission Standards

The U.S. Environmental Protection Agency or EPA on Dec. 18 approved requests for waivers from the California Air Resources Board to implement two regulations to address emissions from passenger cars and heavy-duty vehicles. The Clean Air Act permits California to set its own emissions standards, separate from EPA regulations, by requesting a waiver from the…...

New Jersey Examines Resource Adequacy Alternatives to Advance Clean Energy Goals

U.S. Energy Department Announces $15 Billion Conditional Commitment to PG&E’s Energy Projects

The U.S. Energy Department announced on Dec. 17 a conditional loan guarantee of $15 billion to Pacific Gas & Electric Company to diversify California’s energy sources and improve grid resilience. The announcement marks the department’s largest conditional commitment to a loan guarantee through its Energy Infrastructure Reinvestment, EIR, program to date. The loan guarantee will…...

Iowa Regulator Proposes Rules for Electric Vehicle Charging Stations

U.S. Energy Department Finalizes $9.63 Billion Loan to BlueOval SK for EV Battery Plants

The U.S. Energy Department on Dec. 16 announced the closing of a $9.63 billion direct loan to Blue Oval SK to build three electric vehicle battery manufacturing facilities: one in Tennessee and two in Kentucky. This marks the largest loan granted by the department’s Advanced Technology Vehicles Manufacturing, or ATVM, program. The plants would have…...

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U.S. Energy Department Announces $2.5 Billion Conditional Commitment for Wisconsin Clean Energy Projects

The U.S. Energy Department on Dec. 13 announced a $2.5 billion conditional loan guarantee for Wisconsin Electric Power Company, a subsidiary of WEC Energy Group, to finance a portfolio of clean energy projects in Wisconsin. The portfolio would add more than 1,650 megawatts of utility-scale renewable power and energy storage. This diverse portfolio is expected…...

U.S. Energy Department Finalizes $102 Million Vehicles Manufacturing Loan to Syrah Technologies

U.S. Energy Department Collaborates with Federal Agencies and Industry to Drive Energy and Emissions Innovation in Transportation

The U.S. Energy Department has announced three transportation modal action plans to build a cleaner, more robust and globally competitive transportation network. The action plans pertain to energy and emissions innovation in the maritime, rail, and medium and heavy-duty vehicle sectors.  These plans cover the vital elements of the freight sector and convenient and efficient…...

EnerKnol Research PU Visual Primer Carbon Markets 2024 12 17 Blog preview

Carbon Market Developments Drive Momentum for U.S. Climate Policy

U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington’s latest carbon auction saw prices rebound following voter support for its program, while a court ruling has…Read the full report  …...

EnerKnol Research PU Visual Primer Carbon Markets 2024 12 17 Blog preview

Visual Primer: Carbon Market Developments Drive Momentum for U.S. Climate Policy

U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington's latest carbon auction saw prices rebound following voter support for its program, while a court ruling has invalidated the controversial withdrawal of Virginia from the regional carbon market. Meanwhile, progress in California, Québec, and Washington toward potential program linkage signals a move toward greater market integration, setting the stage for more robust and scalable climate solutions nationwide.

Utility Power Shutoffs

Midcontinent Grid Operator Announces Approval of $30 Billion Transmission Expansion Plan

The Midcontinent Independent System Operator (MISO) Board of Directors on Dec. 12 approved the 2024 MISO Transmission Expansion Plan, a grid expansion plan with a portfolio consisting of 488 transmission projects totaling $30 billion. The projects cover 5,000 miles of transmission lines across 15 states and aim to strengthen grid reliability in the face of…...