The Latest
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Data center renewables demand drives strong Q2 for NextEra Energy Resources
NextEra Energy’s development arm signed deals for more than 3 GW of renewable energy during the second quarter, including an 860-MW agreement with Google.
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Sunrun, BGE launch first US electric vehicle-to-home virtual power plant
The initiative kicks off with just three customers but is “a significant proof of concept ... and the goal is to expand these programs all around the country,” said Sunrun CEO Mary Powell.
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DOE awards $371M to boost permitting, local benefits from transmission projects
Most of the grants support projects that give communities tangible benefits from transmission development, said Maria Robinson, director of the Department of Energy’s Grid Deployment Office.
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Opinion
Competition may delay needed transmission, increasing costs
The process FERC and individual states set through future reforms will be determinative in whether there is added time to an already long transmission development timeline.
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The image by Jakec is licensed under CC BY-SA 4.0
AEP, Exelon oppose Talen-Amazon interconnection pact to protect rate base growth potential: Constellation
Exelon’s Commonwealth Edison stands to add up to $5 billion to its rate base by building transmission infrastructure to serve planned data centers in Illinois, according to Constellation Energy.
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Utility commissioners from 14 states, DC, say FERC transmission rule will lower energy costs
The support comes after utility commissions from Georgia, Louisiana, Mississippi and West Virginia challenged the agency’s rule in court, partly because they say it usurps state authority.
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CPUC proposes procuring 7.6 GW of offshore wind by 2037
The California Public Utilities Commission’s call for centralized procurement is “what folks have been waiting for on the West Coast,” said K&L Gates partner Theodore Paradise.
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600+ NYC facilities pledge to cut energy use as part of expanded demand response program
The city plans to additionally install over 1,150 real-time meters in city buildings to help manage electricity use, the New York City Department of Citywide Administrative Services said.
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EnergyHub to integrate Wallbox L2 chargers into grid flexibility programs
About 80% of EV charging occurs at home, according to the National Renewable Energy Laboratory, making residential customers a key to utilities looking to manage growing demand.
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Opinion
Energy storage systems lower costs for building operators, even as average electricity prices rise
The return on investment for installing thermal energy storage systems is moving closer to between three and five years, with buildings joining programs like demand response, Nostromo Energy’s CEO says.
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Cities plan renewable energy, electrification projects as EPA unveils $4.3B in climate grants
The grants “put local governments in the driver’s seat to develop climate solutions that work for their communities,” a federal official said.
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Bipartisan energy permitting bill ups FERC transmission siting authority, requires interregional planning
The Senate bill released Monday could guide the framework for action on permitting reform, which may not come until next year, according to observers.
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Data centers can drive revenues for Dominion, Pinnacle West, Southern, but there are risks: Moody’s
Electric utilities looking to benefit from data center growth could face credit risks in the event new power demand does not materialize as expected, according to Moody’s Ratings.
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Energy storage industry sees 117% increase in corporate funding in H1 2024: Mercom
Storage deal volume reached $15.4 billion in the six months ending June 30, but funding for smart grid companies dropped 11% from the year-earlier period to $1.8 billion, Mercom Capital Group said.
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NERC should lead development of new approach to resource adequacy assessments: report
Grid planning criteria must “evolve to reflect a new reality,” said Mark Lauby, senior vice president and chief engineer for the North American Electric Reliability Corp.
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Opinion
FERC’s transmission rule will boost grid reliability and affordability without usurping state authority
“We represent states with diverse energy goals, but we are all satisfied FERC’s new planning rule will produce beneficial and fair outcomes for our residents and businesses,” five utility commissioners write.
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Deep Dive
Innovative solutions emerge to reduce 2.5-TW US clean energy interconnection backlog
California’s project scoring criteria, the Texas connect and manage option and SPP’s work to link system planning with the interconnection process across its multistate region could speed the clean energy expansion.
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The Nuclear Co. exits stealth, plans to deploy standardized 6-GW nuclear fleet
The startup will initially target sites with active Nuclear Regulatory Commission permits, Chief Development Officer Juliann Edwards said.
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DC Circuit rejects bids to put hold on EPA power plant carbon rule
Cooperative utilities and others seeking to put the EPA's rule on hold failed to show they are likely to succeed in their claims, the appeals court for the District of Columbia Circuit said Friday.
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Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
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States, clean energy groups, others appeal FERC transmission planning rule
A lottery will be held to determine which court will handle the appeals to the agency’s Order 1920.
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Vineyard Wind 1 halts operations after blade breaks, scatters debris along Nantucket
On Thursday morning, a “significant part of the remaining GE Vernova blade detached from the turbine,” Vineyard Wind said in a release.
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Opinion
What the 2024 presidential election could mean for commercial solar
Without full congressional support, and given various investment considerations, a change in administration will likely only stymie and delay certain parts of the IRA’s implementation.
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Solar PPA prices flat, wind prices continue to rise: LevelTen Energy
Wind PPA prices have increased 13.5% year over year after rising for three consecutive quarters, according to data from the LevelTen Energy marketplace.
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Solar companies take on more debt as investor interest continues to stagnate
Investors appear to be sitting out current uncertainties surrounding new tariffs, interest rates and the U.S. election, clean energy consulting group Mercom Capital Group said.