Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel…Read the full report …...
Even as the offshore wind industry is seeking to scale up, economic challenges cast shadow on future development. Inflation and supply chain disruptions have resulted in some major developers seeking to exit or revise their power purchase contracts. A recent announcement to cancel two large projects off New Jersey has dealt a setback to the industry, reflecting the deepening financial challenges of the sector.
Federal and state regulators are actively pursuing efforts to promote the use of electric vehicles (EVs) and expand investment in charging infrastructure. Recently, the U.S. Department of Energy (DOE) took a major step…Read the full report …...
Federal and state regulators are actively pursuing efforts to promote the use of electric vehicles (EVs) and expand investment in charging infrastructure. Recently, the U.S. Department of Energy (DOE) took a major step to support an equitable transition to EVs by providing grants and loans to retrofit existing automotive manufacturing facilities. Several states, including California, New York, Minnesota and Colorado, have expanded funding and incentives to support EV adoption and charging solutions.
