The U.S. Energy Department on June 16 announced the selection of seven states, three tribal nations, and the District of Columbia as the second cohort to benefit from over $77 million in Grid Resilience State and Tribal Formula Grants. In May, the department announced that four states and two tribal nations had been selected to…...
The U.S. Treasury Department and the Internal Revenue Service on June 14 provided guidance on important provisions within the 2022 Inflation Reduction Act, or IRA. The department plays a leading role in implementing the IRA, as much of the clean energy investment is delivered through tax incentives. The proposed guidance clarifies eligibility, processes, and addresses…...
The 60th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold all of the more than 22 million CO2 allowances offered at a clearing price of $12.73, according to results released on June 9. By comparison, allowances cleared at $12.50 in the previous auction held…...
The U.S. Energy Department on June 5 announced the release of the U.S. National Clean Hydrogen Strategy and Roadmap, providing a framework to speed up the production, processing, delivery, storage, and use of clean hydrogen. The report explores opportunities for clean hydrogen – an energy carrier that can be produced with low or zero emissions…...
Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as retirement of fossil fuel generators are driving growth in battery storage installations.
Policy developments around nuclear energy continue to evolve driven by new reactor technologies and the need for carbon-free power to support clean energy goals. Nuclear operators can have their yellowcake and eat it too as massive federal and state subsidies protect traditional nuclear power plants while underwriting the development of advanced reactors.
Texas is completing its first full legislative session since the 2021 Winter Storm Uri exposed catastrophic reliability flaws. The Texas legislature convenes in odd-numbered years. In 2021, a package of laws was passed to address critical reliability flaws like weatherization. In the current session, lawmakers are looking at the big picture and proposing to fundamentally secure natural gas as the backbone of reliability.
The U.S. Environmental Protection Agency (EPA) has proposed new limits on carbon dioxide emissions from coal- and gas-fired power plants, the latest in a string of actions to further the Biden administration’s ambitious climate agenda including proposals to strengthen vehicle emission standards and curb methane leaks from oil and gas wells.