The pace of U.S. coal-fired plant closures quickens, coal’s share of generation to plummet Energize Weekly, April 5, 2023 The pace of U.S. coal-fired plant closures continues to accelerate with half of all the capacity, which peaked in 2011, closed by 2026, according to the Institute for Energy Economics and Financial Analysis (IEEFA). In 2010,…
New Ky. law makes it more difficult to retire coal-fired power plants March 27, 2023 Energy utilities now have to prove to regulators their plans to retire fossil-fueled power plants won’t compromise the reliability and resilience of the electric grid in Kentucky. It takes effect immediately. The legislation emerged following a winter storm that wiped…
White House threatens veto for Republican energy package 03/27/23 The White House on Monday threatened a veto of a House Republicans’ energy package, known as H.R. 1, if it makes it to President Biden’s desk. “H.R. 1 would take us backward. Therefore, if presented to the President in its current form, he would veto it,”…
Global bank financing for low-carbon energy rose 15 percent to $550 billion in 2022 Energize Weekly, March 8, 2023 Investments in low-carbon energy supply rose by 15 percent in 2022 – the fastest growth rate in seven years – to $550 billion, according to BloombergNEF’s (BNEF) annual report on energy transition investment trends. Investments in…
Kentucky lawmakers advance bill to keep coal on the power grid, cite reliability concerns FEBRUARY 28, 2023 Kentucky lawmakers are advancing a bill to try to keep coal-fired power plants on the state’s electric grid “for the foreseeable future,” pointing to concerns over rolling blackouts that some utilities implemented when arctic temperatures swept through in…
Xcel Energy uses Inflation Reduction Act for customer savings Feb 19, 2023 Xcel Energy aims to save Minnesota customers over $1.4 billion in costs over the next 10 years and accelerate the transition to clean energy through provisions in the federal Inflation Reduction Act. Savings on projects in wind, solar, energy storage, electric vehicle chargers…
Renewables and nuclear set to cover global growth in electricity demand, IEA says Energize Weekly, February 15, 2023 New renewable and nuclear generation is set to meet 90 percent of the growing demand for electricity globally during the next three years, while increasing extreme weather will test grid resilience, according to the International Energy Agency’s…
House bill aims to create lending institution for infrastructure projects Feb. 7, 2023 The bank would help finance work such as transportation projects, ports, electric grid security and broadband connectivity, according to the release. The bill also allows for broad discretion by the bank to invest in any infrastructure projects that it identifies as “providing…
More than half of new U.S. electric-generating capacity in 2023 will be solar FEBRUARY 6, 2023 Developers plan to add 54.5 gigawatts (GW) of new utility-scale electric-generating capacity to the U.S. power grid in 2023, according to our Preliminary Monthly Electric Generator Inventory. More than half of this capacity will be solar power (54%), followed…
The United States Is Facing Electricity Famine Feb. 7, 2023 There are signs that we are heading towards an electricity famine; a life-threatening energy Holodomor throughout many areas of the United States caused by political decisions. The system is being set up to fail. This problem this time is not the usual banes of the…
SNC-Lavalin, Aecon join team building North America’s first small modular reactor 30.01.23 Canadian power company Ontario Power Generation (OPG) has retained Candu Energy, part of the SNC-Lavalin Group, and Canadian contractor Aecon to design and build a small modular reactor (SMR) at the Darlington nuclear plant in Ontario before the end of the decade. Candu…
Senators explore power supply failure – especially natural gas – during Christmas storm January 26, 2023 The winter storm of Dec. 23-25 produced an unexpectedly high demand for electricity. Despite the surprise, PJM, the 13-state power grid organization — thought it had plenty of reserve on hand. But the power suppliers failed to deliver, leading…
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