Alternative energy
The U.S. offshore wind industry is experiencing a flurry of activity with commercial-scale wind projects advancing in the Atlantic Ocean and the Pacific now open for development, following a federal auction held in December.
The market for renewable natural gas (RNG) is in transition as decarbonization mandates have led more states and jurisdictions to embrace strong policies lowering barriers to market access.
Several U.S. states have unveiled new climate action plans or revised existing strategies to achieve their emissions reduction mandates. California, New York, and Michigan are among states that have recently adopted plans to achieve net-zero emissions or to move towards carbon neutrality by mid-century.
Net metering policies, which have been instrumental in driving the growth of distributed solar across the U.S., are poised for further evolution as states explore a holistic approach to establish compensation mechanisms. In California, a long-time leader in solar adoption, regulators have approved a significant overhaul of the net metering program, a decision that will likely have broad implications for the industry nationwide.
Efforts to preserve and expand the U.S. nuclear fleet are figuring more prominently across the U.S., spurred by the growing demand for emission-free energy. In particular, policy actions and initiatives are geared towards making nuclear power more competitive.
Ambitious federal goals and initiatives to boost offshore wind power generation, coupled with state commitments, are opening new frontiers for the industry. Recent developments reflect the growing emphasis on transmission infrastructure upgrades and regional planning required to make these goals a reality.
Technological advancements and climate goals are driving the transformation to distributed energy resources (DER), such as solar photovoltaic systems. The transformation, which is empowering consumers with more choices and energy management options, has also prompted an evaluation of potential cybersecurity risks stemming from anticipated future growth.
The U.S. nuclear energy sector is now on the verge of a revival after years of premature plant closures and dim forecasts. Investments and tax incentives included in the Inflation Reduction Act (IRA), enacted in August, add new momentum to the nuclear power industry.
Federal and state actions to boost distributed solar show the growing interest in harnessing the technology to achieve broader policy goals.
The U.S. offshore wind industry is growing stronger, spurred by expansion into new leasing areas to support the national goal of 30 gigawatts (GW) by 2030 and ambitious state-level commitments.
Strategies to expand electric vehicle (EV) charging infrastructure are gaining emphasis as states seek to reduce the use of carbon-intensive transportation fuels to progress towards decarbonization and EV adoption goals.
The U.S. Environmental Protection Agency (EPA) has announced a slew of measures to strengthen the Renewable Fuel Standard (RFS) program, which sets increasing annual volumetric mandates for renewable fuel use in the transportation sector.