Wind power accounted for 22 percent of new electricity capacity installed in the U.S. last year, representing $12 billion in capital investment, according to wind energy market reports issued by the U.S. Department of Energy. The reports – 2023 offshore, land-based, and distributed wind market reports – show that wind power continues to be a…...
Regulators across the U.S. are advancing grid transformation measures to support the growth in new sources of power generation driven by clean energy commitments. Recent actions include reforms adopted by the Federal Energy Regulatory Commission (FERC) to address backlogs in the interconnection queue, New York’s grid planning process to identify transmission investments, and Maine’s proceeding examining priorities for utility grid plan filings to assist the transition towards a clean electric grid.
The Bureau of Ocean Energy Management will hold Gulf of Mexico oil and gas Lease Sale 261 on Sept. 27, 2023, according to a notice issued on Aug. 25. The sale will offer about 12,395 blocks on about 67 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas…...
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 …...
