Week Ahead: NJ’s Offshore Wind Solicitation, Advanced Energy Tax Credits, CA’s Grid Support Program
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President Biden’s Budget Requests $51 Billion for Energy Department Initiatives
President Joe Biden’s budget proposal for fiscal year 2025 includes $51 billion in discretionary funds for the U.S. Energy Department, a 7.5 percent increase from the 2023 level. The proposal reinforces the administration’s commitment to tackle climate, energy, environmental, and nuclear security challenges. With a focus on combating climate change and promoting economic growth, the…
U.S. Energy Department Announces $366 Million to Support Clean Energy in Rural and Remote Areas
The U.S. Energy Department on Feb. 27 announced over $366 million for 17 projects in rural and remote areas across 20 states, benefiting 30 Tribal Nations and communities. The projects are a part of the Energy Improvements in Rural or Remote Areas, or ERA, program. This funding, supported by the 2021 Infrastructure Investment and Jobs…...
U.S. Electricity Generating Capacity Retirements Expected to Decrease by Over 60 Percent This Year: EIA
The U.S. is projected to retire 5.2 gigawatts (GW) of electricity generating capacity in 2024, according to a Feb. 20 report published by the U.S. Energy Information Administration. The expected retirement of power generating capacity this year is 62 percent lower than 2023 and is the lowest yearly decline since 2008. Coal and natural gas…...
Climate Action Takes Center Stage in the Biden Administration’s Policies
The Biden administration has made significant strides in climate change action, particularly through the enactment of the Inflation Reduction Act of 2022 (IRA), which represents the single largest investment in climate and energy in the U.S. Actions to further the administration’s climate agenda include…Read the full report …...
Visual Primer: Climate Action Takes Center Stage in the Biden Administration’s Policies
The Biden administration has made significant strides in climate change action, particularly through the enactment of the Inflation Reduction Act of 2022 (IRA), which represents the single largest investment in climate and energy in the U.S. Actions to further the administration’s climate agenda include proposals to limit emissions from power plants and vehicles, finalizing methane emission rules, and advancing environmental justice.
Solar and Battery Storage to Account for Over 80 Percent of New Electric Generating Capacity This Year: EIA
The U.S. is expected to add 62.8 gigawatts of new utility scale power generating capacity in 2024, up 55 percent compared to 2023, which saw capacity increase by 40.4 GW, according to a Feb. 15 report from the U.S. Energy Information Administration. Solar and battery storage capacity are expected to account for 58 percent and…...