Renewables: Page 2
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Courtesy of Siemens
Siemens, Eaton, Cummins among companies to receive 48C clean energy tax credits
Clean energy manufacturers have received $1.9 billion so far under the Inflation Reduction Act-funded tax credit.
By Joelle Anselmo • April 24, 2024 -
TebNad via Getty Images
New York nixes 3 offshore wind projects, notes GE Vernova move to abandon 18-MW turbine
The three canceled projects represented 4 GW of provisionally awarded capacity.
By Diana DiGangi • April 22, 2024 -
Explore the Trendlineâž”
Kevork Djansezian via Getty Images
TrendlineSustainability
Companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
By Utility Dive staff -
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Solar PPA prices stable for now but expected to rise absent interest rate cut: LevelTen
Wind PPA prices continue to rise as ongoing inflationary pressures limit development and make some new projects unprofitable, according to LevelTen Energy.
By Emma Penrod • April 22, 2024 -
(Photo by David Becker/Getty Images) via Getty Images
EV, battery projects lead clean energy manufacturing sector in March: E2
Last month showed over $2 billion in investments promising at least 1,660 jobs across five states.
By Joelle Anselmo • April 22, 2024 -
Eloi_Omella via Getty Images
Venture capital interest in solar plummets amid uncertain financial markets: Mercom Capital
New venture capital funding for solar companies has dropped 81% year over year, and high interest rates may erode investor interest in solar companies for some time, the consulting group says.
By Emma Penrod • April 19, 2024 -
Ethan Miller via Getty Images
Democratic bill mandates FERC interconnection reforms to bring new resources online faster
The bill would help bring new power supply online to address surging demand growth and increasing grid reliability concerns, according to the R Street Institute’s Devin Hartman.
By Ethan Howland • April 18, 2024 -
Fokkebok via Getty Images
Earlier derisking is key to offshore wind’s future in the US, Ørsted Americas CEO, others say
But that will extend a project’s lead time, “which is difficult for federal and state policies if people are trying to get these projects deployed as fast as possible,” Ørsted Americas CEO David Hardy said.
By Diana DiGangi • April 18, 2024 -
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Constellation prepared to ‘visit with the courts’ about proposed hydrogen tax credit rules
The company plans to apply for 45V tax credits even though their hydrogen would not qualify under draft IRS guidance, Executive Vice President Kathleen Barron said Wednesday at the BNEF Summit in New York City.
By Emma Penrod • April 18, 2024 -
Bilanol via Getty Images
OpinionFERC’s final regional transmission rule is coming soon. It has one shot to get it right.
A strong rule will help spur the transmission lines necessary to meet America’s growing energy needs, while also setting the table for a future interregional rule to mitigate the effects of extreme weather.
By Ray Long • April 18, 2024 -
Courtesy of Hyundai Motor Group.
DOE cites cost, reliability concerns for new gas plants as it details how to meet surging power demand
Rising electricity demand will require a portfolio of resources, including energy storage, hydropower, nuclear, grid-enhancing technologies and demand-side management, DOE said.
By Robert Walton • April 18, 2024 -
Permission granted by sonnen, Inc.
Deep DiveTackling 3 key issues can help scale virtual power plants and spur a wave of benefits, analysts say
Advanced operational software, communications standards and customer compensation are needed to scale VPP size and services, cut system and customer costs and enhance reliability, key VPP players agree.
By Herman K. Trabish • April 17, 2024 -
The image by Sam Nash is licensed under CC BY-SA 3.0
Georgia Power receives approval to add 1.4 GW of natural gas generation
Environmentalists are criticizing the Georgia Public Service Commission’s decision to approve the construction of new fossil fuel generation, citing cost and climate concerns.
By Diana DiGangi • April 17, 2024 -
Sean Gallup via Getty Images
CIP acquires 1.3 GW of New York onshore wind projects
Copenhagen Infrastructure Partners made the acquisition through its CI V fund, which has raised billions in capital commitments for greenfield renewable energy investments.
By Diana DiGangi • April 16, 2024 -
Inside the rise of groundwater-based geothermal heat pumps
The technology, which is cost-effective across 75% of the U.S. landmass and ideal for space-constrained users, could eventually displace utility gas service, proponents say.
By Brian Martucci • April 15, 2024 -
Eloi_Omella via Getty Images
DOE awards $27M for communities to plan a clean-energy future
This is the first funding round for the Energy Future Grants initiative, which launched last year to help communities plan for transportation and building electrification, microgrids and solar projects.
By Ysabelle Kempe • April 12, 2024 -
Bilanol via Getty Images
Grid interconnection queues jumped 27%, to 2.6 TW, in 2023, led by solar, storage: DOE lab
Solar, battery and wind projects make up 95% of the capacity in interconnection queues, Lawrence Berkeley National Laboratory researchers said Wednesday.
By Ethan Howland • April 11, 2024 -
Oliver de la Haye via Getty Images
OpinionRegulators: Don’t panic and rush to gas amid cries we’re out of power
Proposing new gas plants to serve growing demand does not occur in isolation. It is a decision that implicitly rejects alternatives as either infeasible, expensive or unconsidered.
By Mike O’Boyle and Eric Gimon • April 11, 2024 -
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South Carolina advances bill that could spur gas power for Duke, Dominion utilities, hamper solar
Renewable developers EnergyRe and Pine Gate Renewables urged lawmakers to require that utilities add about 8 GW of solar from approved integrated resource plans, with offramps.
By Ethan Howland • April 9, 2024 -
Olya Solodenko via Getty Images
Columbia Law report rebuts 33 ‘most pervasive false claims’ about solar, wind, EVs
The report from the Sabin Center for Climate Change Law rebuts common claims regarding renewable energy’s dependency on subsidies and its potential harms to people or wildlife.
By Diana DiGangi • April 8, 2024 -
Mario Tama/Getty Images via Getty Images
These 8 nonprofits got $20B from the Biden administration for local clean energy financing. Now what?
The “green bank” funds must be obligated by September amid efforts by Republican lawmakers to repeal the Greenhouse Gas Reduction Fund.
By Ysabelle Kempe • April 8, 2024 -
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OpinionMaximizing the value of IRA tax incentives while minimizing investment compliance risk
The IRA is the single largest investment in clean energy in U.S. history, but industry will only benefit from the estimated $1.2 trillion in incentives if the tax credits can be successfully monetized.
By Charles Dauber • April 8, 2024 -
Bilanol via Getty Images
How solar manufacturers can leverage IRA clean energy tax credits
More than 500 companies and 45,500 projects registered for clean energy tax credits under the law as of March 8.
By Joelle Anselmo • April 4, 2024 -
George Frey via Getty Images
Deep DiveMonday’s eclipse could cut US solar output by 40 GWh. Here’s how 5 grid operators are preparing.
Grid operators are not expecting any reliability issues during the eclipse but say forecasting energy demand will be complicated. Monday “will not be a typical spring day,” MISO noted.
By Robert Walton • April 4, 2024 -
Gregory Zamell via Getty Images
Hawaiian Electric offers new incentives to customers with rooftop solar and battery storage
The company says it is streamlining programs for rooftop solar users to help the state meet its clean energy goals, but some customers could see smaller financial benefits.
By Patrick Cooley • April 3, 2024 -
Felbaba Volodymyr via Getty Images
Goldman renewables spinoff MN8 Energy secures $325M investment
MN8 has a solar fleet with a capacity of 3.2 GW, made up of more 875 projects in 28 states, and battery storage projects with a combined 270 MW of capacity.
By Lamar Johnson • April 3, 2024
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