US up to 15 years behind China in nuclear power, report says 6.20.2024 The United States is at least a decade and up to 15 years behind China in nuclear power, specifically rolling out next generation reactors, according to a report from the Information Technology & Innovation Foundation (ITIF), a nonpartisan research institute. The report…
N.C.’s ratepayer advocate: Duke Energy ‘failed’ to consider incentives that would cut costs & enable more clean energy June 25, 2024 Duke Energy’s plan to zero out its carbon pollution all but ignores a federal loan program that could save ratepayers hundreds of millions of dollars and enable more clean energy, the state’s ratepayer advocate…
Casar leads 22 House Democrats in call for federal electric grid corridors in Texas 06/24/24 Rep. Greg Casar (D-Texas) on Monday led 22 members of Congress in requesting that the Department of Energy add Texas to the areas serviced by proposed federal corridors for electrical transmission. In May, the department announced 10 proposed National Interest…
Record temperatures will increase electricity demand, but not natural gas or coal prices Energize Weekly, June 26, 2024 Record temperatures are set to increase electricity demand this summer, but analyses find that a combination of ample gas storage and more renewable generation will help prevent a spike in natural gas prices. “We expect the U.S.…
New NREL Report Highlights Pathways to Unlock Full Potential of Interregional Transmission June 14, 2024 Interregional transmission lines, which connect multiple planning regions, can offer numerous benefits to electric customers, such as increased grid reliability and reduced costs. However, current market and operating practices were not designed for such an interconnected system. “As we build…
Ontario’s new energy minister says natural gas plants must stay ‘to help fuel our economy’ June 13, 2024 Ontario’s new energy minister says the fast-growing province can’t afford an “ideological” push to wean its electricity system off fossil fuels even as concerns about climate change mount. “I cannot underscore this enough,” Stephen Lecce said Thursday…
DOE floats $900M to build advanced reactors 06/18/2024 The Department of Energy announced plans Monday to inject $900 million into developing small nuclear reactors — a shot in the arm for the industry as the Senate prepares to vote on a bill to boost the Nuclear Regulatory Commission’s capacity to license the technology. Up to…
As heat wave sweeps across Michigan, many will see impact of summer peak electric rates June 17, 2024 As Michiganders grapple with scorching temperatures this week, special electric rates meant to lessen strain on the grid and promote energy savings are in effect for millions of residents. For many customers of the state’s largest electric…
Clean energy mandate for Vt. utilities becomes law after Democrats override veto June 17, 2024 The biggest energy policy to come out of Montpelier this year is hitting home in concrete ways for two Vermont mothers who showed up to the Statehouse on Monday. The legislation requires all Vermont utilities to source 100% of their…
Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says Energize Weekly, June 19, 2024 The scale and speed of the energy transition risks project delays and setbacks leading to cost overruns of 15 percent to 20 percent, equal to $150 billion a year, according to research paper…
To Beat the Summer Heat and Support the Transition to Clean Energy, Con Edison Puts $2.3 Billion Plan In Action June 10, 2024 Con Edison is investing $2.3 billion in infrastructure projects across New York City and Westchester County to keep its service safe and reliable and support the clean energy transition. The annual expenditure…
NRG Applies to the Texas Energy Fund to Bring Essential Dispatchable Power to ERCOT Jun 10, 2024 Today, NRG Energy Inc. (NYSE: NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 megawatts (MW) (1.6 Gigawatts) of new quick-start natural gas power generation in the…
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