Week Ahead: MN’s Energy Storage Pilot, DOE’s Carbon Capture Research, CA Reviews Utility Safety Practices
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U.S. Energy Department Announces $77 Million to Modernize Electric Grid, Enhance Resilience
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…...
Treasury Issues Guidance to Expand Reach of Clean Energy Tax Incentives, Drive Economic Growth
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…...
Regional Carbon Market Auction Generates $280 Million
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…...
U.S. Energy Department Unveils Clean Hydrogen Roadmap to Support Decarbonization Goals
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…...
Visual Primer: U.S. States Broaden Regulatory Efforts to Facilitate Energy Storage Installations
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.
Visual Primer: Massive Subsidies Support Advanced Reactor Design While Protecting Traditional Nuclear Plants
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.