The Latest
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FERC bars payments for ‘deadband’ reactive power, plus 4 other open meeting takeaways
Renewable energy trade groups, Public Service Enterprise Group and other generators opposed the agency’s decision on reactive power.
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Sponsored by Questline Digital
Seasonal strategies: How utilities are engaging customers year-round
Discover how holidays and season changes offer key opportunities for utilities to connect with customers in creative and relevant ways.
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ADVANCE Act keeping NRC ‘very busy,’ official says, highlighting 30+ implementation actions
NRC staff shared timelines for steps the commission is taking under the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act and sought public comment on its work during a Wednesday meeting.
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DOE selects nearly $2B in projects for grid resilience funding
The projects will boost transmission capacity by more than 7.5 GW, accelerate interconnection for clean energy and spark over $4.2 billion in public and private investment, according to DOE.
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IBM acquires Prescinto to bolster renewable energy asset management capabilities
The acquisition is not just a tactical one, but plays into the company’s broader plan to expand its energy and utilities expertise, IBM’s VP of ESG and asset management product leader said.
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Opinion
Achieving energy resilience: Deep insight into threats, assets and national policy is the first step
While many energy companies maintain business continuity plans, true resilience requires moving beyond this standard approach to become more innovative and adaptive in this heightened threat environment.
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Supreme Court rejects calls to put a hold on EPA power plant carbon rule
Utilities asking the court to stay the rule included American Electric Power, Duke Energy, MidAmerican Energy, PacifiCorp and Southern Co.
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DOE opens applications for up to $900M to support small modular reactor deployment
Interest in nuclear energy is resurgent, and DOE said it wants to establish “a credible and sustainable pathway” to deploying Gen III+ SMRs across the country.
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States sped ahead on offshore wind in Q3 while private investment slowed: report
States are pushing ahead with new offtake agreements and procurement rounds while private investment has dwindled in the run-up to the U.S. presidential election, the Oceantic Network said in a market report.
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JPMorgan Chase, Capital One commit $260M to Arizona solar project
The tax equity financing deal for BrightNight’s Box Canyon project is structured to give the banks access to production tax credits.
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Meta joins DOE initiative, pledges $35M for carbon removal projects
The tech conglomerate said the funding is a “direct response” to the Department of Energy’s carbon removal purchase program launched earlier this year.
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Opinion
Creating a clean and reliable grid for Illinois
The recent price spike in PJM’s capacity market is drawing attention to the growing need for policy that moves Illinois towards an affordable clean energy future.
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Amazon announces small modular reactor deals with Dominion, X-energy, Energy Northwest
The digital retail and web services company led a $500 million investment in X-energy and will support the development of more than 600 MW of SMR capacity in Washington and Virginia.
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IRA likely insulated US renewables developers from falling profit margins: Baringa
The U.S. renewables sector should return to a trend of increasing profit margins and declining levelized energy costs within the next year or two — with some caveats, said Caspian Conran, a lead economist at Baringa.
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Solarcycle reaches panel recycling agreement with Runergy Alabama
Solarcycle will both recycle Runergy’s decommissioned panels and provide the manufacturer with glass for new panels via its Georgia facility, which is slated to open in 2026.
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Dominion unveils plans to add 21 GW of clean energy, 5.9 GW of gas generation by 2039
Dominion Energy filed its 2024 integrated resource plan with Virginia regulators on Tuesday, proposing an “all of the above” approach to meet “unprecedented” electricity demand.
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BPA plans $3 billion in transmission projects, including 500-kV lines
The planned transmission across Oregon and Washington comes as the Southwest Power Pool and California Independent System Operator aim to expand wholesale power markets in the West.
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California enrolls 515 MW in load management program featuring 200 MW VPP
More than a quarter of a million participants are helping to ensure a reliable electric grid during extreme demand, the California Energy Commission said.
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DOE finalizes $861M loan guarantee for Puerto Rico solar, storage
The projects, led by a joint venture of AES and TotalEnergies, will add 200 MW of solar generation and up to 285 MW/1,140 MWh of standalone energy storage.
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Google, Kairos Power ink 500-MW advanced nuclear reactor deal
The master development agreement has Kairos delivering the first small modular reactor by 2030 and developing, building and operating additional power plants through 2035.
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GM Energy launches ‘PowerBank’ home energy storage unit for EVs
Customers can pair two stationary batteries for up to 35.4 kWh of energy storage, enough to power an average U.S. home for up to 20 hours.
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1-hour batteries can increase transmission-constrained renewable energy values 81%: LBNL
Due in part to differing generation and load profiles, solar hybrid plants achieve the bulk of their capacity revenue with about half as much storage as wind hybrid plants, a study by Lawrence Berkeley National Laboratory found.
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Possible PJM market changes could lower near-term capacity prices: Morgan Stanley
A planned delay in the grid operator’s upcoming capacity auction could spark greater demand for behind-the-meter deals between data centers and nuclear power plants, Morgan Stanley analysts said.
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New York Power Authority seeks up to 575 MW of renewables for NYC
The power would be provided via the Hudson Transmission Project cable, which currently delivers energy from the PJM Interconnection to the New York ISO.
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Opinion
Mining for talent: Education’s crucial role in America’s clean energy, mineral-driven future
Amid a clean energy revolution and a precarious geopolitical landscape, effectively bridging the educational gap in mining and engineering is pivotal for securing America's technological and environmental future.
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CBRE acquires NRG Energy’s renewable advisory group
The deal will bolster its ability to help clients integrate renewable energy across their real estate portfolios and facilitate clean power deals, CBRE says.