Amid growing federal and state efforts to encourage advanced nuclear technologies to accomplish decarbonization goals, a recent announcement to terminate a first-of-a-kind small modular reactor (SMR) power project in the U.S. signifies the hurdles facing the industry.
President Biden has announced the release of the Fifth National Climate Assessment report, or NCA5, which evaluates changes in the climate and its impacts, as well as options to lower present and future risk. Biden also announced more than $6 billion in investments to support climate resilience including strengthening the aging power grid infrastructure, lowering…...
Strategic actions to optimize the distribution grid are imperative to meet the demands of the evolving power sector. Changing policies, climate action, and customer preferences have led to…Read the full report …...
Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel…Read the full report …...
Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel two large projects off New Jersey has dealt a setback to the industry, reflecting the deepening financial challenges of the sector.
The Bureau of Ocean Energy Management on Oct. 31 announced its approval of the fifth commercial-scale, offshore wind energy project in the U.S., the Coastal Virginia Offshore Wind project, located about 23.5 nautical miles offshore Virginia Beach. The project, expected to add 2,600 megawatts (MW) of clean energy to the grid, would be capable of…...
The U.S. Energy Department on Oct. 30 announced a $1.3 billion commitment in three transmission projects crossing six states – Arizona, Nevada, New Hampshire, New Mexico, Utah, and Vermont. The commitment will support transformative projects aimed to add 3.5 gigawatts (GW) of grid capacity throughout the U.S., equivalent to powering about 3 million homes and…...
There is a growing focus on regional collaboration to improve transmission planning and operations as grid operators and states explore strategies to enhance system reliability while transitioning to a lower-carbon grid. Recent actions include…Read the full report …...
The Bureau of Ocean Energy Management has finalized four new Wind Energy Areas in the Gulf of Mexico, which have the potential to support offshore wind projects that could collectively power over three million homes with renewable energy, according to an Oct. 27 press release. The Biden administration has set a goal to deploy 30…...