New Jersey Examines Resource Adequacy Alternatives to Advance Clean Energy Goals

U.S., Australia Release Statement on the 2024 Ministerial Dialogue on Clean Energy

The second U.S.- Australia Clean Energy Ministerial Dialogue, held on Oct. 4, reviewed progress made under the Climate, Critical Minerals, and Clean Energy Transformation Compact established last year. The U.S. Secretary for Energy, Jennifer Granholm, and Australian Minister for Climate Change and Energy, Chris Bowen, discussed advancing climate and clean energy cooperation, building on commitments…...

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New York Awards $24 Million for Diverse Clean Energy Innovation Projects

New York Governor Kathy Hochul on Oct. 3 announced more than $24 million in funding for 26 innovative clean energy projects as part of New York’s Innovation Program. The awarded projects cover multiple niches in clean energy, such as geothermal, clean hydrogen, grid modernization, and long-duration energy storage, expanding the New York State Energy Research…...

EnerKnol Research PU Visual Primer Hydrogen 2024 10 08 Blog preview

Tax Credits and Regional Hubs Pave the Way for Clean Hydrogen Industry Growth

The buildout of the nascent clean hydrogen industry hinges on regulations to implement the clean hydrogen production tax credit considered critical for projects to advance, alongside progress on regional clean hydrogen hubs that will serve as…Read the full report…...

EnerKnol Research PU Visual Primer Hydrogen 2024 10 08 Blog preview

Visual Primer: Tax Credits and Regional Hubs Pave the Way for Clean Hydrogen Industry Growth

The buildout of the nascent clean hydrogen industry hinges on regulations to implement the clean hydrogen production tax credit considered critical for projects to advance, alongside progress on regional clean hydrogen hubs that will serve as the foundation for a national hydrogen network.

crypto

Texas Sees Significant Electricity Demand Growth Fueled by Data Centers and Cryptocurrency Mining: EIA

Electricity consumption is increasing in Texas, due to higher demand from large scale computing facilities such as data centers and cryptocurrency mining operations, according to an Oct. 3 report published by the U.S. Energy Information Administration. Texas, with relatively low costs for land and electricity, has attracted a high concentration of cryptocurrency mining operations and…...

U.S. Energy Department Announces $1.5 Billion for Transmission Projects, Enabling 7.1 Gigawatts of Capacity

The U.S. Energy Department, on Oct. 3, announced $1.5 billion for four transmission projects that will improve grid reliability and resilience and support the development of 7.1 gigawatts (GW) of new capacity across six states. The department also released its final National Transmission Planning Study, which finds that expansion of the transmission system throughout the…...

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Biden Administration Releases Draft Guidance to Access $1.5 Billion Funding to Clean up Orphaned Oil, Gas Wells

The U.S. Interior Department on Oct. 1 issued the draft guidance for states on applying for up to $40 million each in Regulatory Improvement Grant funding to clean up polluting and unsafe orphaned gas and oil wells throughout the U.S. Through 2021 the Infrastructure Investment and Jobs Act, the department is funding the largest investment…...

ComEd Unveils $1.7 Billion Energy Efficiency Plan for Illinois Customers

California Climate Credit to Provide $800 Million in Electric Bill Savings for Over 11.5 Million Households

The California Public Utilities Commission announced on Oct. 3 that over 11.5 million residents will receive reductions in their October electric bills through the California Climate Credit. In total, California will pay over $800 million for residents and $82 million for small businesses. The credit is funded by proceeds from the Cap-and-Trade program, which establishes…...

utility scale solar eia

Solar to Account for Nearly Two-Thirds of New U.S. Electricity Generating Capacity: EIA

Utility-Scale U.S. solar electricity generation averaged 63.1 gigawatthours between 10am and 6pm each day in the Lower 48 states during August 2024, according to an Oct. 2 report published by the U.S. Energy Information Administration. This is 36 percent higher than for the same hours during 2023. During August 2024, 107.4 gigawatts (GW) of solar…...

Senate Bill Aims to Restore U.S. Leadership in Nuclear Energy, Promote Safe Civil Nuclear Programs

U.S. Energy Department Finalizes $2.8 Billion Loan Guarantee to Restart 800-Megawatt Palisades Nuclear Power Plant

The U.S. Energy Department has announced the closing of up to $1.52 billion in a loan guarantee to Holtec Palisades LLC to recommission the 800-megawatt (MW) Palisades Nuclear Plant in Michigan. Further, the U.S. Agriculture Department has awarded more than $1.3 billion in grants to two rural electric cooperatives to lower the cost of electricity…...

data centers power

Data Centers Turn to Nuclear Plants for Emission-Free Power: EIA

Recent power purchase agreements between nuclear plant owners and data centers highlight data center operators’ efforts to secure emissions-free power, but future electricity demand is subject to uncertainties, according to an Oct. 1 report from the U.S. Energy Information Administration. Factors such as the size of new data center capacity, the time required for each…...