NARUC Winter Policy Summit 2025 The NARUC Winter Policy Summit 2025 will be held on February 11-14, 2025, in Washington, D.C. where state regulators, policymakers, and industry leaders will convene to address critical energy, telecommunications, and water issues shaping the future of utility regulation. The summit will feature discussions on emerging technologies, policy developments, and…...
President Trump has issued a series of executive actions signaling major changes in the U.S. energy landscape, including declaring a national energy emergency, expanding fossil fuel development…Read the full report …...
President Trump has issued a series of executive actions signaling major changes in the U.S. energy landscape, including declaring a national energy emergency, expanding fossil fuel development, suspending offshore wind initiatives, and withdrawing the U.S. from the Paris Climate Agreement. These actions represent a sharp departure from former President Biden’s renewable energy and climate-focused policies.
The Michigan Public Service Commission on Jan.23 approved a rate increase of approximately $217.4 million for DTE Electric, about 52 percent lower than the utility’s initial request. The commission approved investments in several initiatives including upgrading aging power lines, more frequent tree-trimming to enhance grid reliability, and electric vehicle charging infrastructure. With DTE Electric set…...
The Henry Hub natural gas price during 2025 and 2026 is expected to increase, according to an Jan. 23 report published by the U.S. Energy Information Administration. The projected price increase can be attributed to natural gas demand outpacing supply, due to higher gas demand from U.S. liquefied natural gas (LNG) facilities. This in turn,…...
South Carolina’s state-owned utility, Santee Cooper, issued a request for proposals for potential buyers to acquire and complete the development of two partially constructed nuclear reactors at the V.C. Summer Nuclear Station, according to a Jan. 22 press release. The move comes in response to growing interest in new nuclear power to help meet rising…...
U.S. average retail gasoline prices during 2025 are estimated to decline by 11 cents per gallon (gal), or three percent compared to 2024, and a further 18 cents/gal, or six percent during 2025, according to an Jan. 22 report published by the U.S. Energy Information Administration. The price decrease over the next two years can…...
The Northeast Power Coordinating Council (NPCC) on Jan. 21 released a report highlighting the risks of natural gas dependency for electric reliability in Northeastern regions. The extensive analysis received input from diverse stakeholders including electric and gas system operators and the North American Electric Reliability Corporation (NERC). NERC commended the initiative to analyze the ability…...
The U.S. Energy Department on Jan. 21 announced that it is ending the pause on new liquefied natural gas (LNG) export permits following an executive order issued by President Donald Trump. The Office of Fossil Energy and Carbon Management is required to resume consideration of pending applications to export U.S. LNG to countries without a…...
U.S. President Donald Trump took action on Jan. 20 to temporarily withdraw areas of the Outer Continental Shelf from offshore wind energy leasing and review federal wind leasing and permitting practices. The action also stops federal agencies from issuing new or renewed approvals for offshore or onshore wind projects pending completion of a comprehensive assessment…...
Brent crude oil prices are expected to decline from an average of $81 per barrel (b) during 2024 to $74/b in 2025 and $66/b in 2026, according to an Jan. 21 report published by the U.S. Energy Information Administration. The agency’s price decline expectations can be attributed to slower demand growth and robust global growth…...
U.S. President Donald Trump issued a series of executive actions on Jan. 20, declaring a national energy emergency, initiating fossil fuel expansion, and withdrawing the U.S. from the Paris Climate Agreement. These actions represent a sharp departure from former President Biden’s renewable energy and climate-focused policies. The declaration of a national energy emergency seeks to…...
The U.S. Interior Department on Jan. 17 approved the Construction and Operations Plan for Ocean Wind’s proposed SouthCoast Wind Project, which is designed to generate up to 2.4 gigawatts (GW) of offshore wind power. The project, which marks the 11th commercial-scale offshore wind energy facility in the U.S., has the potential to supply 840,000 residents…...
Brent crude oil prices averaged $81 per barrel (b) during 2024, largely similar to the U.S. Energy Information Administration forecast of $82/b made during January 2024, according to a Jan. 17 report published by the agency. During January 2024, the agency forecasted that market supply and demand fundamentals would be largely balanced during the year,…...
The U.S. Energy Department on Jan. 17 finalized a $584.5 million loan guarantee to subsidiaries of Convergent Energy and Power to fund a solar photovoltaic system with an integrated battery energy storage system and three separate battery storage projects across Puerto Rico. The initiative is part of the Biden administration’s commitment to modernize and rebuild…...
Discussions on utilities’ natural gas planning are progressing, with several U.S. states actively engaging stakeholders to identify solutions and shape future strategies. These efforts focus on…Read the full report …...
Discussions on utilities' natural gas planning are progressing, with several U.S. states actively engaging stakeholders to identify solutions and shape future strategies. These efforts focus on critical issues such as aligning regulatory frameworks with state climate goals, ensuring reliable service, and adapting to evolving market and technology changes.
NASEO-NARUC Grid-interactive Efficient Buildings Working Group Webinar 2025 NASEO-NARUC Grid-interactive Efficient Buildings Working Group Webinar 2025The NASEO-NARUC Grid-interactive Efficient Buildings Working Group will host a public webinar on January 30, 2025, from 3:00 to 4:00 PM ET that will focus on “Scaling Demand Flexibility with Software.” Featuring Kraken Technologies, a leader in demand flexibility solutions…....
The U.S. Energy Department on Jan. 16 finalized a $1.66 billion loan guarantee to Plug Power to develop up to six clean hydrogen production sites that will use the company’s electrolyzer technology. Hydrogen fuel produced from these sites is expected to power fuel cell-electric vehicles in material handling, transportation, and industrial sectors, cutting greenhouse gas…...
Average U.S. wholesale electricity prices were lower and less volatile during 2024 compared to 2023 due largely to reduced natural gas prices, increased renewable generation, and expanded battery storage capacity according to a Jan. 16 report published by the U.S. Energy Information Administration. U.S. electricity prices were highest during January, in line with below seasonal…...
Toyota Motor Corporation subsidiary Hino Motors on Jan.15, reached resolutions valued at more than $1.6 billion with U.S. regulators including the U.S. Environmental Protection Agency for violations related to submitting false and fraudulent engine emission testing and fuel consumption data as well as illicit smuggling of engines into the U.S. Hino secured approvals through unlawful…...
The U.S. Energy Information Administration has extended forecasts for five key energy trends through December 2026 in its latest short-term outlook, according to a report published on Jan. 15. The agency projects that these trends will have a significant impact on the energy markets over the upcoming two years. Electricity consumption is expected to increase…...
The U.S. Interior Department on Jan.16 released final guidance on the procedure for states to apply for up to $40 million each in Regulatory Improvement Grant funding accessible under the 2021 Infrastructure Investment and Jobs Act, or IIJA, to clean up unsafe and polluting orphaned wells and create jobs across the nation. Through the IIJA,…...
U.S. President Joe Biden on Jan. 14 issued an executive order to strengthen U.S. leadership in artificial intelligence, or AI, and accelerate the development of large-scale data centers and clean energy infrastructure needed to support AI operations efficiently and at scale. The executive order directs certain agencies to make federal sites accessible for AI data…...
The U.S. Energy Department has announced $101 million in funding for five projects to develop test centers for carbon sequestration technologies. Managed by the Office of Fossil Energy and Carbon Management, the projects will advance research and innovation for industrial carbon capture, removal, and conversion technologies. The five selections include the University of Illinois, Holcim,…...
The U.S. Energy Department’s National Renewable Energy Laboratory, in collaboration with the U.S. Departments of Interior, Defense and Agriculture on Jan. 15 released a study showing that there is substantial potential for further enhancing renewable energy production on federal lands. The report, named Land of Opportunity: Potential for Renewable Energy on Federal Land, finds that…...
Fuel prices for natural gas vehicles increased across 37 states between 2021 and 2023, but remained 25 percent lower than the peak during 2008, according to a Jan.14 report published by the U.S. Energy Information Administration. Real natural gas vehicle fuel prices were largely flat between 2011 and 2021. Natural gas sold to the on-road…...
The U.S. Energy Department on Jan.13 selected utility companies in several states for its Utility and Grid Operator Technical Assistance program designed to assist utilities and grid operators with the knowledge and expertise required to develop resilient and secure grid infrastructure. The National Renewable Energy Laboratory (NREL) in partnership with Idaho National Laboratory, Lawrence Berkeley…...
The U.S. Departments of Energy, Transportation, and Agriculture on Jan. 13 released the Sustainable Aviation Fuel (SAF) Grand Challenge 2021-2024 Progress Report. The report highlights the Biden Administration’s historic efforts to build a flourishing bioeconomy and addresses the goals set forth in the SAF Grand Challenge. SAF is an alternative to petroleum jet fuel and…...
Venture Global’s Plaquemines LNG shipped its first cargo from its Louisiana facility on Dec. 26, according to an Jan. 13 report published by the U.S. Energy Information Administration. The cargo, being shipped to ENBW in Germany, marks over 60 LNG cargos sent from Venture Global into Germany from 2022. Plaquemines LNG is the eighth liquefied…...
States across the U.S. are advancing plans and procurement strategies for the expansion of energy storage deployment to meet ambitious targets. Energy storage helps…Read the full report …...
States across the U.S. are advancing plans and procurement strategies for the expansion of energy storage deployment to meet ambitious targets. Energy storage helps balance electricity demand from variable energy sources like wind and solar, while providing backup power to the grid during peak usage or outages.
The U.S. Treasury Department and Internal Revenue Service on Jan. 10 released guidance on the section 45Z Clean Fuels Production Credit, which is in effect in 2025 and is available for transportation fuels with lifecycle greenhouse gas emissions below certain levels. The guidance consists of a notice of intent to propose regulations for the 45Z…...
The U.S. Interior Department on Jan. 10 announced a $15.89 million investment to help three Tribal Nations and the State of Alabama clean up orphaned oil and gas wells. The funding is part of the Biden Administration’s Investing in America agenda and builds on previously announced funding of the $69 million in Tribal grants and…...
NARUC Innovation Webinar: Best Practices in Integrated Resource Planning 2025 On Thursday, January 23, 2025, from 3:00 to 4:00 PM ET, The National Association of Regulatory Utility Commissioners (NARUC) will hold a webinar to learn about best practices for electric utility resource planning in a changing energy landscape. The Honorable Sarah Freeman of the Indiana…...
The North American Reliability Corporation (NERC) has issued an incident review highlighting the risks of the growing integration of voltage-sensitive large loads on the power grid due to energy-intensive sources such as data centers and crypto-mining facilities. NERC also issued guidance on integrating voltage-sensitive loads into power systems after investigating a sudden incident that resulted…...
The U.S. Interior Department on Jan. 8 announced that the Bureau of Land Management received zero bids for the government authorized oil and gas lease sale for the Coastal Plain of the Arctic National Wildlife Refuge (Arctic Refuge), following the bid submission deadline of Jan. 6. The 2017 Tax Cuts and Jobs Act directed the…...
The U.S. Treasury Department and Internal Revenue Service on Jan. 8 released the final rules and guidelines for the 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program. The bonus credit program seeks to reduce energy costs and boost clean energy investment in low-income communities, including Indian Lands and affordable housing. The new regulations expand…...
The U.S. benchmark Henry Hub natural gas spot price averaged $2.21 per million British thermal units (MMBtu) during 2024, the lowest yearly average price on record, according to a Jan. 8 report published by the U.S. Energy Information Administration. The average natural gas spot price during 2024 was 16 percent lower than its 2023 average…...
The U.S. Energy Department on Jan.7 announced a conditional commitment for a loan guarantee of up to $1.81 billion to Arizona Public Service Company (APS) to finance electric utility projects in Arizona. APS, the largest utility company in the state, will use the loan to invest in clean energy, transmission, and grid resilience projects in…...
The U.S. Department of the Treasury and the Internal Revenue Service on Jan. 7 released the final rules for the Clean Electricity Investment Tax Credit, under section 45Y, and the Clean Electricity Production Tax Credit, under section 45E. Known as the technology-neutral credits, the final rules clarify what type of clean electricity zero-emissions technologies are…...
The Federal Emergency Management Agency has announced $1.35 billion for two grant programs, to improve climate resilience and tackle the effects of adverse weather. The annual Building Resilient Infrastructure and Communities, or BRIC, grant program will provide $750 million to projects that protect communities and infrastructure against natural disasters. The Flood Mitigation Assistance program will…...
Washington’s greenhouse gas emissions declined 13.8 percent during 2020, according to a Jan. 6 report from the Washington Department of Ecology. The report, titled Washington State Greenhouse Gas Emissions Inventory: 1990-2021, summarizes emissions from 1990 through 2021 to track the state’s progress against its legal limits on emissions. GHG emissions increased by 8.8 percent in…...
The Biden-Harris administration released memoranda on Jan. 6 withdrawing more than 625 million acres of the U.S. ocean from offshore drilling. The action prohibits future oil and natural gas leasing in three ocean and coastal regions: the eastern U.S. Atlantic coast and Eastern Gulf of Mexico; Pacific Coast along California, Oregon, and Washington; and the…...
Benchmark Brent crude oil futures prices averaged $80 per barrel (b) during 2024, down $2/b compared to 2023, according to an Jan. 6 report published by the U.S. Energy Information Administration. Despite the geopolitical uncertainty and risks evident in the global energy market, Brent crude oil prices traded in their narrowest range since 2019, with…...
The U.S. Department of the Treasury and the Internal Revenue Service on Jan. 3, issued the final rules for the 2022 Inflation Reduction Act’s 45V Clean Hydrogen Production Tax Credit. The finalized rules aim to provide greater investment clarity by clarifying how hydrogen produced from different pathways such as using electricity from renewable sources or…...
NASEO-NARUC Grid-interactive Efficient Buildings Working Group Webinar 2025 Join the NASEO-NARUC Grid-interactive Efficient Buildings Working Group Webinar on January 30, 2025, from 3:00 to 4:00 PM ET. This event will feature Octopus Energy and Kraken Technologies, two leaders in distributed energy resource (DER) management. For more information, visit the NARUC website About the National Association…...
The U.S. energy landscape faces a fundamental policy shift in 2025 as the incoming Trump administration’s focus on fossil fuels signals a sharp departure from the current clean energy priorities. While federal support is expected to pivot toward.…. Read the full report…...
Idaho Power will implement new tariffs that will result in a 3.7 percent, or $50.6 million, annual increase in Idaho jurisdictional revenue. The rate increase is significantly lower than the company’s initial request of about $99.3 million. The new rates take effect at the start of 2025, in line with orders from the Idaho Public…...
The U.S. General Services Administration (GSA) on Jan. 2 announced a long-term purchase contract with Constellation New Energy Inc. to procure emissions-free electricity for federal agencies. This marks GSA’s largest energy procurement and is estimated to comprise more than 10 million megawatt-hours over the contract’s ten-year term. The measure will enable the company to extend…
DetailsThe U.S. Environmental Protection Agency on Dec. 30 issued Underground Injection Control, or UIC, Class VI well permits to Carbon TerraVault JV Storage Company Sub 1 LLC for permanent underground storage of carbon dioxide. This authorization marks the first permits for Class VI injection wells in California. Once developed, the injection wells can sequester 1.5…...
New York Governor Kathy Hochul on Dec. 18 announced the availability of $28.5 million to install electric vehicle fast chargers across key travel corridors in the state. The additional capital is made available through the federal National Electric Vehicle Infrastructure, or NEVI, formula funding program. The new competitive Downstate Direct Current Fast Charger, or DCFC…...
The New York State Public Service Commission on Dec. 19 approved climate change resiliency plans filed by Central Hudson Gas & Electric Corporation, Consolidated Edison Company of New York or Con Edison, National Grid, and Orange & Rockland Utilities (O&R). In its order, the commission rejected Con Edison and O&R’s proposal to develop a Storm…...
The New York Public Service Commission on Dec. 19 approved five clean energy projects that could generate over $3 billion in economic benefits for local communities. The five projects have a combined capacity of over 2 gigawatts (GW) and could deliver clean energy to more than one million homes. Alle-Catt Wind, Brookeside Solar, the Champlain-Hudson…...
The U.S. Energy Department on Dec. 17 released an updated study of U.S. liquefied natural gas exports. The department has been assigned responsibility under the Natural Gas Act to assess the public interest of potential LNG exports to nations with which the U.S. does not have a Free Trade Agreement, or non-FTA countries. In January,…...
The U.S. Environmental Protection Agency or EPA on Dec. 18 approved requests for waivers from the California Air Resources Board to implement two regulations to address emissions from passenger cars and heavy-duty vehicles. The Clean Air Act permits California to set its own emissions standards, separate from EPA regulations, by requesting a waiver from the…...
The U.S. Energy Department announced on Dec. 17 a conditional loan guarantee of $15 billion to Pacific Gas & Electric Company to diversify California’s energy sources and improve grid resilience. The announcement marks the department’s largest conditional commitment to a loan guarantee through its Energy Infrastructure Reinvestment, EIR, program to date. The loan guarantee will…...
The Cybersecurity and Infrastructure Security Agency on Dec. 17 published the draft National Cyber Incident Response Plan, or NCIRP, update for public comment. This update tackles significant changes in cyber operations and policy since NCIRP was released in 2016. The 2023 National Cybersecurity Strategy requested for an update of the 2016 National Cyber Incident Response…...
The 2024 hurricane season displayed above average activity, with more hurricanes and named storms than usual, according to an Dec. 17 report published by the U.S. Energy Information Administration. Several hurricanes and storms negatively impacted U.S. energy infrastructure, particularly in the Southeast and Gulf Coast. Electricity markets were in particular impacted by hurricanes during the…...
The U.S. Energy Department on Dec. 16 announced the closing of a $9.63 billion direct loan to Blue Oval SK to build three electric vehicle battery manufacturing facilities: one in Tennessee and two in Kentucky. This marks the largest loan granted by the department’s Advanced Technology Vehicles Manufacturing, or ATVM, program. The plants would have…...
The U.S. Energy Department on Dec. 13 announced a $2.5 billion conditional loan guarantee for Wisconsin Electric Power Company, a subsidiary of WEC Energy Group, to finance a portfolio of clean energy projects in Wisconsin. The portfolio would add more than 1,650 megawatts of utility-scale renewable power and energy storage. This diverse portfolio is expected…...
U.S. natural gas consumption increased by one percent during 2023 to a new record yearly high of 89.4 billion cubic feet per day (Bcf/d), according to an Dec. 13 report published by the U.S. Energy Information Administration. U.S. natural gas consumption has continued to rise during the January to September 2024 period. The increase in…...
The U.S. Energy Department has announced three transportation modal action plans to build a cleaner, more robust and globally competitive transportation network. The action plans pertain to energy and emissions innovation in the maritime, rail, and medium and heavy-duty vehicle sectors. These plans cover the vital elements of the freight sector and convenient and efficient…...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington’s latest carbon auction saw prices rebound following voter support for its program, while a court ruling has…Read the full report …...
U.S. carbon markets are experiencing a resurgence as key states reinforce their commitment to cap-and-trade systems despite hurdles. Washington's latest carbon auction saw prices rebound following voter support for its program, while a court ruling has invalidated the controversial withdrawal of Virginia from the regional carbon market. Meanwhile, progress in California, Québec, and Washington toward potential program linkage signals a move toward greater market integration, setting the stage for more robust and scalable climate solutions nationwide.
The Public Utility Commission of Texas on Dec. 12 established new rules to improve demand response for residential electricity consumers through smart responsive device programs. The new rule implements legislation enacted by the 88th Texas Legislature in 2023, which sets a target to decrease the total power consumption of customers participating in residential demand response…...
The Midcontinent Independent System Operator (MISO) Board of Directors on Dec. 12 approved the 2024 MISO Transmission Expansion Plan, a grid expansion plan with a portfolio consisting of 488 transmission projects totaling $30 billion. The projects cover 5,000 miles of transmission lines across 15 states and aim to strengthen grid reliability in the face of…...
The eighth quarterly auction of greenhouse gas allowances under Washington’s cap-and-invest program sold all allowances offered, with current vintage allowances settling at $40.26 per allowance, which is nearly 35 percent higher compared to the previous auction, according to the results released on Dec. 11 by the state’s Department of Ecology. The surge in auction prices…...
The California Energy Commission on Dec. 11 approved a $1.4 billion plan to invest in zero-emission vehicle infrastructure in the next four years through the state’s Clean Transportation Program. The plan, aimed to help install electric vehicle charging systems for nearly 17,000 light-duty EVs, will distribute the funding through competitive grants. The funding will support…...
Increasing well productivity is assisting 34 publicly traded U.S. oil exploration and production companies lower production expenditures on a per barrel basis and making cash reserves available for uses such as share repurchases and dividends, according to a Dec. 11 report published by the U.S. Energy Information Administration. During the January to August 2024 period,…...
The U.S. Environmental Protection Agency on Dec. 11 announced over $735 million in funding through its first Clean Heavy-Duty Vehicles Grant Program to deploy over 2,400 heavy-duty zero-emission vehicles (ZEVs) across several states and Tribal Nations. The agency made 70 tentative selections, covering nearly 30 states and three tribal nations to receive funding for heavy-duty…...
The U.S. Energy Department on Dec. 10 provided clarity regarding the status of various applications to export Liquefied Natural Gas to non- Free Trade Agreement countries. Of particular interest have been the Venture Global CP2 LNG and Commonwealth LNG applications. The Biden Administration on Jan. 26 announced a temporary pause on all pending applications seeking…...
The U.S. Energy Department on Dec. 10 announced the selection of six companies to procure domestic Low-Enriched Uranium or LEU. The department will sign contracts with American Centrifuge Operating LLC, General Matter Inc., Global Laser Enrichment LLC, Louisiana Energy Services LLC, Laser Isotope Separation Technologies Inc., and Orano Federal Services LLC. The minimum value of…...
Five states accounted for over 70 percent of the all-time high of 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production during 2023, according to an Dec. 10 report published by the U.S. Energy Information Administration. The state of Texas accounted for 28 percent of the total U.S. marketed natural gas…...
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…
DetailsThe 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…...
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…....
