The U.S. Energy Department on Dec. 10 announced $52 million in funding for six university and industry projects to develop purpose-grown energy crops with low carbon intensity intended for biofuels like Sustainable Aviation Fuel, or SAF, and other bioproducts. These initiatives will bolster the domestic supply chain of alternative carbon sources vital for producing biofuels…...
The U.S. Energy Department on Dec. 9 announced a conditional commitment for a loan guarantee of up to $305.54 million for Nostromo Energy’s Project IceBrick, which involves thermal energy storage installations at commercial buildings in California. During its lifetime, the project could help California’s commercial buildings avoid around 500,000 tonnes of carbon emissions. Once operating…...
The U.S. Energy Information Administration issued a report on Dec. 9 discussing the ongoing challenges in California’s fuel market following the enactment of a new law granting regulators authority over petroleum inventory levels, along with the announced closure of Phillips 66’s Wilmington refinery. California Governor Gavin Newsom signed a bill into law on Oct. 14…...
The U.S. Department of the Treasury and the Internal Revenue Service have released final rules for the Section 48 Investment Tax Credit, or ITC, providing clarity and certainty for clean energy development to pursue major investments. The final rules clarify specific issues relating to offshore wind, hydrogen storage, co-located energy storage, and geothermal heat pumps…....
The 66th quarterly carbon auction of the Regional Greenhouse Gas Initiative, or RGGI, the nation’s first market-based emissions regulation program, sold nearly 16 million CO2 allowances at a clearing price of $20.05, according to results released on Dec. 6. The auction generated nearly $320 million bringing total proceeds to about $8.6 billion. The latest clearing…...
States across the U.S. are taking significant steps to improve distributed solar programs. These initiatives aim to…Read the full report …...
States across the U.S. are taking significant steps to improve distributed solar programs. These initiatives aim to ease access, streamline operations, and address customer needs while supporting broader clean energy goals.
The Michigan Public Service Commission’s 2024-2025 Winter Energy Appraisal, released on Dec. 5, forecasts a rise in electricity demand among residential and commercial customers. While natural gas demand for residential heating is expected to remain steady, overall demand is projected to rise due to higher usage for electricity generation. Overall electricity demand is projected to…...
The District of Columbia Public Service Commission on Dec. 4 launched a proceeding to initiate an Integrated Distribution System Planning, or IDSP, process to proactively prepare the electric grid to support the demands of the clean energy transition and integrate distributed energy resources such as solar power and energy storage. The commission issued a draft…...
The New York State Energy and Research Development Authority on Dec. 3 announced contracts for 23 large-scale renewable energy projects. In total, the projects could generate up to 2.3 gigawatts (GW), capable of powering over 700,000 households and spurring an additional $4.7 billion in private investments. The contracts stem from the agency’s 2023 Tier 1…
The U.S. Department of Agriculture on Dec. 4 announced $194 million in grants and loans through its Rural Partners Network, or RPN, to fund family farms, small businesses, infrastructure and clean energy in underserved rural and tribal communities across 14 states and Puerto Rico. The projects will help these communities address immediate challenges and facilitate…...