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DOE doubles down on $1/kg clean hydrogen, sets sights on additional hydrogen cost targets
The DOE's goals are “aggressive” but will help the industry focus on cutting costs and scaling hydrogen technology, Fuel Cell and Hydrogen Energy Association President Frank Wolak said.
By Emma Penrod • May 9, 2024 -
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Clean energy, gas generation in PJM may take longer to come online than expected: report
“Absent significant reforms or market innovations, most projects entering PJM’s queue today are unlikely to come online before 2030,” the report’s authors said.
By Ethan Howland • May 9, 2024 -
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TrendlineTop 5 Stories from Utility Dive
Power demand is rising amid dramatic shifts in federal energy policy, but technology and markets continue to push the grid toward cleaner, more distributed resources.
By Utility Dive staff -
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US adds 5.6 GW of utility-scale clean energy in Q1, up 28% year-over-year: ACP
In the first quarter, solar’s project pipeline was up 16% year-over-year while the battery storage pipeline increased 61%, according to the American Clean Power Association.
By Diana DiGangi • May 8, 2024 -
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High interest rates hit renewable energy harder than natural gas: Wood Mackenzie
A 2-percentage-point increase in interest rates pushes up the levelized cost of electricity for renewables by as much as 20%, according to an analysis by the energy research firm.
By Emma Penrod • May 7, 2024 -
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$6B in Inflation Reduction Act tax credits for advanced energy projects open this month
The Treasury Department is opening a second round of funding for 48C tax credits aimed at clean manufacturing.
By Joelle Anselmo • May 3, 2024 -
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Louisiana in ‘unique’ position to support US offshore wind but needs legislative backing: report
Louisiana has 458 distinct companies “with potential applicability to supply products or services in the offshore wind industry,” according to a report released last week by consulting firm Xodus Group.
By Diana DiGangi • May 2, 2024 -
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
By Ethan Howland • May 2, 2024 -
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GE Vernova to remain ‘highly selective’ of offshore wind orders amid uncertainty: CEO
In its first quarterly earnings report since becoming an independent company, the power equipment manufacturer contrasted recent wind challenges with near-term optimism for its gas power and electrification business lines.
By Brian Martucci • May 1, 2024 -
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Citi achieves $441B of $1T sustainable finance 2030 goal with renewables a ‘major driver’: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • May 1, 2024 -
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Interior proposes first Gulf of Maine and Oregon offshore wind auctions
The lease areas offer more than 18 GW in total capacity, but the deep waters in both locations will necessitate floating wind turbines.
By Diana DiGangi • May 1, 2024 -
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OpinionSolar tariffs are in the spotlight again. Our current approach isn’t the answer.
Provisions in the IRA combined with aggressive tariff policy will cause the price of solar to skyrocket when we need to deploy it at a massive scale to solve the climate crisis.
By Dan Whitten • April 30, 2024 -
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BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
By Lamar Johnson • April 29, 2024 -
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Sponsored by Convergent Energy and Power15 questions to ask your energy storage or solar-plus-storage partner
As utilities evaluate partners to meet growing demand—it is important to ask key questions that will help you select the right folks to support the energy transition.
April 29, 2024 -
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said American Council on Renewable Energy President and CEO Ray Long.
By Diana DiGangi • April 26, 2024 -
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US offshore wind poised for ‘liftoff’ despite recent turbulence: DOE
The sector will achieve “liftoff” when it is “actively contributing to decarbonization targets, with a sustained project pipeline and regular deployment,” the Energy Department said.
By Diana DiGangi • April 25, 2024 -
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First Solar, QCells and 5 other solar manufacturers seek import tariffs, sparking industry divide
Four clean energy groups warned the petition would create market uncertainty and pose a threat to the domestic solar supply chain.
By Diana DiGangi • April 25, 2024 -
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JPMorgan warns clean energy transition could take ‘decades or generations’
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
By Zoya Mirza • April 25, 2024 -
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Florida Power & Light doubles planned storage deployments to more than 4 GW over 10 years
Between the FPL solar and storage buildout and other projects, NextEra could operate more than 100 GW of generation capacity by the end of 2026, CEO John Ketchum said April 23.
By Emma Penrod • April 25, 2024 -
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After offshore wind cancellations, New York releases clean energy action plan
“New York is solidifying its leadership role in the offshore wind industry, building the supply chain right here in the state,” Gov. Kathy Hochul said.
By Diana DiGangi • April 24, 2024 -
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Interior unveils plans for up to 12 offshore wind lease sales through 2028
The announcement comes after the sector suffered another setback last week when New York announced it was not proceeding with awards for three offshore wind projects.
By Diana DiGangi • April 24, 2024 -
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 -
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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 -
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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 -
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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 -
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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
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