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…...
Amid the growing number of initiatives to unlock the benefits of distributed energy resources, states across the U.S. are pursuing measures that support customer-oriented solutions while ensuring reliable system operations.
Energy storage plays a key role in managing the pace of the transformation of the electric system. The versatility of the resource has allowed for multiple grid roles, including supporting transmission reliability.
The focus on decarbonization and energy security has elevated the importance of nuclear power as a critical technology to achieve national and state goals. Recent actions include the second award cycle of a $6 billion federal program established to maintain the existing reactor fleet and proposals to explore the feasibility of deploying advanced nuclear technologies.
Recent developments around grid modernization strive to enable greater adoption of clean energy resources while ensuring a more resilient and responsive grid.
Stringent climate policies have prompted discussions around comprehensive cap-and-invest programs to address emissions across multiple sectors. Several U.S. states have devised bold climate action plans that call for transformations across industry, energy, and transportation sectors.