The U.S. Treasury Department and the Internal Revenue Service on June 14 provided guidance on important provisions within the 2022 Inflation Reduction Act, or IRA. The department plays a leading role in implementing the IRA, as much of the clean energy investment is delivered through tax incentives. The proposed guidance clarifies eligibility, processes, and addresses…...
The Electric Reliability Council of Texas announced the launch of a new daily procured ancillary service aimed to support grid reliability and reduce real-time operational issues to balance supply and demand. The new service, called ERCOT Contingency Reserve Service, or ECRS, marks the first such service introduced to the market in more than two decades…....
The U.S. Energy Department on June 9 announced grants totaling $26 million to thirteen university, nonprofit, and private-sector teams across twelve states and the District of Columbia to support the implementation of the consent-based siting for the storage and disposal of spent fuel. The project teams, representing diverse geographic and institutional backgrounds, will receive $2…...
Energy consumers in Michigan can anticipate more affordable prices in 2023 summer compared to 2022, according to a June 7 report released by the Michigan Public Service Commission. The report projects a decrease of 86 cents per gallon in average seasonal gasoline prices. Although there may be a slight increase in electricity costs, this will…...
Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as retirement of fossil fuel generators are driving growth in battery storage installations.
Heightened activity around carbon pricing mechanisms reflects the need for expedited measures to align with ambitious emissions reduction trajectories.
