The U.S. Department of the Interior on Aug. 22 announced its approval of the Revolution Wind project, a 704-megawatt wind farm to be built off the coast of Rhode Island. The project would have the ability to provide electricity for around a quarter of a million homes. The Revolution Wind Project is the department’s fourth…...
The New York Public Service Commission has approved a Coordinated Grid Planning Process that will enable the commission and the state’s major utilities to identify transmission investments required to meet the goals of the 2019 Climate Leadership and Community Protection Act. Following the approval, the utilities will conduct studies over the next 24 months and…...
The U.S. offshore wind industry is faced with a host of challenges including opposition over impacts to the environment and…Read the full report …...
The U.S. Energy Department has awarded nearly $34 million to 19 projects led by industry and universities to increase the affordability and availability of clean hydrogen, which has applications in the fields of power generation, industrial decarbonization, and transportation. Hydrogen is an emission-free fuel and can be used for electricity production through fuel cells or…...
The U.S. offshore wind industry is faced with a host of challenges including opposition over impacts to the environment and coastal economies, escalating costs, and delays despite several projects reaching major milestones.
The value of energy transacted between the U.S. and Canada reached a record high in 2022, exceeding the previous record high in 2008, according to an Aug. 14 report from the U.S. Energy Information Administration. The increase in the value during 2022, can be attributed to high energy commodity prices. Trade value consists of both…...
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under…Read the full report …...
The U.S. Energy Department on Aug. 11 announced up to $1.2 billion to develop two large-scale direct air capture, or DAC, plants in Louisiana and Texas. This represents the most substantial global investment in engineered carbon removal to date, according to the department. Each Hub is expected to eventually eliminate over 250 times the carbon…...
Data collected by the U.S. Energy Information Administration shows that during the first quarter of 2023 capital expenditure for 40 publicly traded U.S. oil exploration and production companies increased compared to the fourth quarter of 2022. The data also shows that cash from operations declined during the first quarter of 2023, compared to the previous…...
U.S. carbon markets demonstrated robust participation in recent auctions including Washington’s two consecutive auctions that sold out of carbon permits and raised over $850 million under the state’s cap-and-invest program launched this year. However, carbon-trading programs continue to face opposition in some jurisdictions over concerns of higher ratepayer bills.