The Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator Corp has so far generated over $5 billion in collective economic benefits for market participants since its inception in November 2014, according to the fourth quarter 2023 WEIM benefits report. As it stands, there are 22 market participants in the WEIM and…...
Battery, hybrid and plug-in electric vehicle sales as a whole increased across the U.S. during 2023 and accounted for 16.3 percent of total new light duty vehicle sales, according to a Jan. 31 report published by the U.S. Energy Information Administration. During 2022 battery, hybrid and plug in vehicles accounted for 12.9 percent of total…...
The U.S. Environmental Protection Agency has issued permits allowing Wabash Carbon Services to build two wells for the injection and storage of carbon dioxide underground, one at a site in Vermillion County and the other at Vigo County, Indiana. The agency announced that the wells met the requirements for initial approval, including rigorous safety measures…...
States with big offshore wind ambitions are planning new strategies to recover the industry from economic challenges that have resulted in some major developers seeking to exit or revise their…Read the full report …...
States with big offshore wind ambitions are planning new strategies to recover the industry from economic challenges that have resulted in some major developers seeking to exit or revise their power purchase contracts.
The New Jersey Board of Public Utilities on Jan. 24 announced the award of two offshore wind projects totaling 3,742 megawatts in its third solicitation. This action is significant for the state’s offshore wind pursuit after Denmark-based Ørsted canceled its plans last November to develop two projects with a proposed capacity of 2.2 gigawatts off…...
The average wholesale electricity price during 2024 across majority of the U.S. regions is projected to be similar or marginally lower than in 2023, according to the U.S. Energy Information Administration. The price forecast hinges on the assumption of relatively constant generation fuel costs. The agency acknowledges that temporary price hikes may occur in the…...
The growing interest in carbon capture and sequestration (CCS) projects driven by supportive policies and tax incentives has prompted state efforts to streamline permitting requirements, including securing primacy to regulate Class VI injection wells to sequester carbon dioxide. CCS involves the capture of carbon dioxide (CO2) emissions from power plants or industrial processes before they are released into the atmosphere for storage in subsurface geological formations.
The Bureau of Land Management on Jan. 17 issued a draft analysis of an update to its 2012 Western Solar Plan, which guides responsible solar energy development on public lands. The program currently includes six states — Arizona, California, Colorado, Nevada, New Mexico and Utah — with high solar potential and low resource conflicts to…...
The U.S. Environmental Protection Agency on Jan. 12 proposed measures to reduce wasteful methane emissions in the oil and gas sector in accordance with the 2022 Inflation Reduction Act, or IRA. The proposed rule involves imposing charges on significant emitters that exceed emissions intensity levels established by Congress. In December, the agency issued New Source…...