The U.S. Energy Department on Dec. 3 announced the closing of a $303.5 million loan guarantee to EoS Energy Enterprises to fund the construction of two innovative and efficient production lines that will be capable of producing enough stationary batteries to fulfil the yearly electricity requirements of around 130,000 households. The financing will help Eos…...
U.S. sales of hybrid, plug-in hybrid, and battery electric vehicles rose from 19.1 percent of total new light duty vehicles sales in the second quarter of this year to a record 21.1 percent in the third quarter, according to a Dec.4 report published by the U.S. Energy Information Administration. The increase in electric vehicle sales…...
ISO New England Inc. on Dec. 3 announced that the region has sufficient energy resources to meet electricity demand for the winter. The grid operator expects the region’s winter demand under normal conditions to be 20,308 megawatts (MW) and 21,089 MW under below-average temperatures. The region has a total available energy resources of just over…...
The U.S. Interior Department on Dec. 3 approved US Wind’s construction and operation plan for its proposed Maryland Offshore Wind project. The project, situated nearly 8.7 nautical miles from the Maryland coast and around 9 nautical miles from Delaware’s Sussex County, could generate up to 2 gigawatts (GW) of clean energy and power over 700,000…...
In 2024, the U.S. East Coast emerged as a consistent destination for small renewable diesel shipments, driven by initiatives from a few suppliers and local governments offering or consuming the fuel, according to a Dec. 3 report published by the U.S. Energy Information Administration. As there is no renewable diesel production across the East Coast,…...
BOEM issued a Record of Decision identifying environmental measures for future offshore wind development in six lease areas offshore New York and New Jersey, in the area called New York Bight. Wind projects in these areas, which span 488,000 acres, could produce up to 7 gigawatts of wind energy capable of powering up to two…...
The U.S. Energy Department on Dec. 2 announced a conditional commitment for a $7.54 billion loan to StarPlus Energy to construct two lithium-ion electric vehicle battery manufacturing facilities in Kokomo, Indiana. Once operational, the annual manufacturing capacity of the sites would reach 67 GWh, which could power 670,000 EVs. The department estimates these electric vehicles…...
The 41st quarterly carbon auction held by California and Quebec sold all of the nearly 52.6 million carbon permits offered under the current auction at a price of $31.91 per allowance, above the floor price of $24.04, according to the results released on Nov. 27 by the California Air Resources Board. The current auction clearing…...
The Washington Department of Ecology released a new report detailing the distribution of $472 million of 2021 Climate Commitment Act investments among 37 state agencies. The agencies used the funds to support projects such as habitat restoration, clean energy, and energy bill assistance from Jul. 1, 2023, to Jun. 30, 2024. These projects have the…...
Natural gas storage sites across the Lower 48 states ended the natural gas injection season with 3,922 billion cubic feet (Bcf), according to an Dec. 2 report published by the U.S. Energy Information Administration. U.S. natural gas inventories are starting the winter 2024-25 season with the most natural gas since 2016. As it stands, U.S…....
The Massachusetts Department of Public Utilities on Nov. 29 announced two orders to improve the state’s net metering program and broaden access to solar power for residents. The first order raises the project size threshold for participating in the program without being subject to the net metering cap. The second action provides new exceptions to…...
Heading into the winter season, grid operators and utilities across the U.S. continue to strengthen their winter readiness measures to ensure reliable…Read the full report …...