Clean tech investments overtake oil and gas financing in 2023 and are set to triple by 2035

Clean tech investments overtake oil and gas financing in 2023 and are set to triple by 2035

Clean tech investments overtake oil and gas financing in 2023 and are set to triple by 2035 Energize Weekly, November 6, 2024 Investments in low-carbon technologies are accelerating – accounting for more than 50 percent of all energy financing in 2023 for the first time – and are set to…

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CenterPoint Saw Data Center Demand ‘Dramatically Change’ Over Summer

CenterPoint Saw Data Center Demand ‘Dramatically Change’ Over Summer Oct. 28, 2024 The leaders of CenterPoint Energy Inc. this summer saw “a fundamental shift” in data center activity in their Greater Houston footprint, CEO Jason Wells told analysts Oct. 28. After beginning the season with about 1 gigawatt of demand…

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World entering the “age of electricity” as demand outpaces all other forms of energy

World entering the “age of electricity” as demand outpaces all other forms of energy

World entering the “age of electricity” as demand outpaces all other forms of energy Energize Weekly, October 23, 2024 The world is set to enter the “age of electricity” as demand has grown more quickly than any other energy source and is set to accelerate even more, according to the…

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Dominion Energy, AEP, FirstEnergy propose new transmission lines in PJM region

Dominion Energy, AEP, FirstEnergy propose new transmission lines in PJM region October 8, 2024 Dominion Energy Virginia, American Electric Power and FirstEnergy have announced a joint planning agreement to propose several new regional transmission projects within the PJM footprint, which spans multiple states in the US. This initiative aligns with…

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Power Grid Under Pressure: Is U.S. Transmission Infrastructure Ready for the Surge in Energy Demand?

Power Grid Under Pressure: Is U.S. Transmission Infrastructure Ready for the Surge in Energy Demand? Sept. 23, 2024 The demand for power is growing, but is the bulk transmission’s infrastructure ready for it? This past summer saw peak demands setting records followed by next-day power prices setting their own records,…

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Electric rates rise with weather risks, the energy transition, and growing load growth

Electric rates rise with weather risks, the energy transition, and growing load growth

Electric rates rise with weather risks, the energy transition, and growing load growth Energize Weekly, September 25, 2024 After a decade of relatively flat rates, electricity prices surged in 2022 and have continued to rise to pay for the country’s energy transition, upgrading an aging grid, and meeting an increasing…

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Google, Amazon, Meta and Microsoft balk at Ohio utility’s demand they pay for electric grid upgrades to support AI rollout

Google, Amazon, Meta and Microsoft balk at Ohio utility’s demand they pay for electric grid upgrades to support AI rollout Sep. 16, 2024 Google, Amazon, Microsoft and Meta have banded together to fight an Ohio utility that wants them to pay for upgrades to the electric grid that will be…

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Data Centers Face Seven-Year Wait for Dominion Power Hookups

Data Centers Face Seven-Year Wait for Dominion Power Hookups August 29, 2024 Dominion Energy Inc. expects the time it takes to connect large data centers to the electric grid to increase by one to three years amid a surge in requests, bringing the total wait time to as long as…

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Smart Grid Technology Prevents Nearly 5,000 Power Interruptions for Customers So Far in 2024

Smart Grid Technology Prevents Nearly 5,000 Power Interruptions for Customers So Far in 2024 Aug. 27, 2024 DTE Energy’s smart grid technology has enabled prevention of nearly 5,000 power interruptions and more than 1.8 million minutes without power for customers so far in 2024 “We’re dedicated to reducing power outages…

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More mega-battery sites heading to Coachella Valley as California boosts power grid

More mega-battery sites heading to Coachella Valley as California boosts power grid July 29, 2024 A battery storage facility under construction near Palm Springs International Airport is just one part of a concerted effort by California to increase energy flexibility throughout the state. The state has recently instituted regulatory reforms…

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NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy

NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy Jul 24 2024 NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020…

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Entergy Texas announces resiliency plan to strengthen the Southeast Texas power grid

Entergy Texas announces resiliency plan to strengthen the Southeast Texas power grid 07/01/2024 Extreme weather has become more frequent and severe in Texas. According to the National Centers for Environmental Information, there have been 179 extreme weather events in Texas from 1980 to June 2024, including hurricanes and winter storms.…

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New NREL Report Highlights Pathways to Unlock Full Potential of Interregional Transmission

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…

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To Beat the Summer Heat and Support the Transition to Clean Energy, Con Edison Puts $2.3 Billion Plan In Action

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…

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AI is poised to drive a doubling in data center electricity demand by 2030, studies say

AI is poised to drive a doubling in data center electricity demand by 2030, studies say

AI is poised to drive a doubling in data center electricity demand by 2030, studies say Energize Weekly, June 5, 2024 Data centers, spurred by increased artificial intelligence applications, could double their demand for electricity in the U.S. reaching 9.1 percent of the nation’s electricity load by 2030, according to…

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FERC adopts sweeping transmission planning regulations with the aim of speeding projects

FERC adopts sweeping transmission planning regulations with the aim of speeding projects

FERC adopts sweeping transmission planning regulations with the aim of speeding projects Energize Weekly, May 22, 2024 The Federal Energy Regulatory Commission (FERC) adopted a sweeping new regulation, on May 13, aimed at spurring the planning and construction of new transmission lines to meet the growing needs of the nation’s…

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Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum

Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum May 14, 2024 President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing…

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States rethink data centers as ‘electricity hogs’ strain the grid

States rethink data centers as ‘electricity hogs’ strain the grid APRIL 30, 2024 State Sen. Norm Needleman championed the 2021 legislation designed to lure major data centers to Connecticut. The Democratic lawmaker hoped to better compete with nearby states, bring in a growing industry, and provide paychecks for workers tasked…

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Reconductoring transmission lines could be one solution to the growing demands on the grid

Reconductoring transmission lines could be one solution to the growing demands on the grid

Reconductoring transmission lines could be one solution to the growing demands on the grid Energize Weekly, April 17, 2024 Faced with a soaring demand for transmission capacity in the U.S. and a dwindling number of new transmission projects, one strategy could be to upgrade the existing transmission network to carry…

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The U.S. is facing an “unprecedented” shortage of electric transformers, NREL says

The U.S. is facing an “unprecedented” shortage of electric transformers, NREL says

The U.S. is facing an “unprecedented” shortage of electric transformers, NREL says Energize Weekly, March 27, 2024 The U.S. is facing an “unprecedented” shortage of electric distribution transformers creating challenges for the nation’s utilities, according to a study by the National Renewable Energy Research Laboratory (NREL). The nation’s grid faces…

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Goldman Sachs-backed BESS developer Gridstor makes first ERCOT project acquisition

Goldman Sachs-backed BESS developer Gridstor makes first ERCOT project acquisition March 12, 2024 Gridstor, a developer of standalone battery energy storage system (BESS) assets, has acquired a 450MW/900MWh project in Texas, US, the company’s first in the booming ERCOT market. Gridstor announced last week (6 March) that it has bought…

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Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says

Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says

Growing electricity demand from electric vehicles poses risks to the bulk power system, NERC says Energize Weekly, February 21, 2024 The growing demand for electricity to charge electric vehicles (EVs) – depending upon the timing of the charging – could threaten the bulk power system, according to a study by…

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U.S. Oil Drillers Are Going Electric—and Hitting Speed Bumps

U.S. Oil Drillers Are Going Electric—and Hitting Speed Bumps January 29, 2024 In the country’s busiest oil field, frackers are devouring nearly as much electricity as four Seattles every day—and they are clamoring for more. Diamondback Energy, a major producer in the Permian Basin of West Texas and New Mexico,…

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World’s most advanced battery energy storage system comes online, speeding Hawaii’s transition to 100% renewable energy

World’s most advanced battery energy storage system comes online, speeding Hawaii’s transition to 100% renewable energy 11 Jan, 2024 Plus Power™ announced it has begun operating its Kapolei Energy Storage facility on Oahu, Hawaii, the most advanced grid-scale battery energy storage system in the world, helping transition the state’s electric…

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NARUC establishes new gas-electric working group to tackle grid-related reliability

NARUC establishes new gas-electric working group to tackle grid-related reliability November 28, 2023 At its annual meeting and education conference last week, the National Association of Regulatory Utility Commissioners (NARUC) launched a new 15-month gas electric working group to improve reliability for both the gas and electric industries. “The safety…

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Security researchers raise concerns regarding electric vehicle chargers

Security researchers raise concerns regarding electric vehicle chargers November 13, 2023 Security researchers have found voltage vulnerabilities while putting home electric vehicle chargers to the test. Consumer Adviser Clark Howard delves into why they want more regulation for manufacturers to keep the power grid safe. Read more

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US energy department announces $1.3bn transmission buildout

US energy department announces $1.3bn transmission buildout Oct 31, 2023 The US Department of Energy (DOE) announced up to a $1.3 billion commitment in three transmission lines crossing six states, advancing projects aimed at adding 3.5GW of additional grid capacity throughout the United States. To ensure that transmission buildout is…

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U.S. DOE awards $3.5 billion for 58 projects to make electric grids safer and more resilient

U.S. DOE awards $3.5 billion for 58 projects to make electric grids safer and more resilient

U.S. DOE awards $3.5 billion for 58 projects to make electric grids safer and more resilient Energize Weekly, October 25, 2023 The U.S. Department of Energy (DOE) has made $3.5 billion in grants to utilities in 44 states to improve grid reliability and to take measures to meet the risks…

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Global electricity grid must be upgraded urgently to hit climate goals, says IEA

Global electricity grid must be upgraded urgently to hit climate goals, says IEA 17 Oct 2023 Ministers have been urged to “open their eyes” to the need to build a vast network of new electricity grids to allow countries to hit climate goals, the chief of the world’s energy watchdog…

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Hawaiian Electric begins restoration work in Lahaina at request of Maui Emergency Operations Center

Hawaiian Electric begins restoration work in Lahaina at request of Maui Emergency Operations Center September 21, 2023 Hawaiian Electric reports that replacement of poles and electrical equipment damaged in last months windstorms and wildfires in Lahaina will get underway at the request of Maui emergency management officials. This work will…

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CMP accused of overspending $53.6 million in storm recovery efforts

CMP accused of overspending $53.6 million in storm recovery efforts Sep 8, 2023 Maine’s advocate for utility customers wants state regulators to withhold more than $50 million that it says Central Maine Power Co. overspent in violation of staffing guidelines when restoring power to customers during a dozen storms in…

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Hawaii power utility takes responsibility for first fire on Maui, but faults county firefighters

Hawaii power utility takes responsibility for first fire on Maui, but faults county firefighters August 28, 2023 Hawaii’s electric utility acknowledged its power lines started a wildfire on Maui but faulted county firefighters for declaring the blaze contained and leaving the scene, only to have a second wildfire break out…

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Data Centers in Oregon Strain Electricity Grid and Challenge Clean Energy Goals

Data Centers in Oregon Strain Electricity Grid and Challenge Clean Energy Goals AUG 12, 2023 Data centers in Oregon are expected to consume significantly more electricity than initially estimated, according to three recent forecasts. This unexpected increase in energy consumption is placing additional strain on the Northwest electrical grid and…

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Feds propose $2B in PNW energy grid upgrades to meet rising demand

Feds propose $2B in PNW energy grid upgrades to meet rising demand July 24, 2023 The Pacific Northwest’s need for more — and renewable — electricity is increasing, and Bonneville Power Administration officials say the grid needs billions of dollars’ of work to keep those higher energy loads flowing across…

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Global EV sales set to triple by 2026 led by China, Europe, and the U.S.

Global EV sales set to triple by 2026 led by China, Europe, and the U.S.

Global EV sales set to triple by 2026 led by China, Europe, and the U.S. Energize Weekly, July 12, 2023 Electric vehicle (EV) sales are projected to almost triple between 2022 and 2026, reaching nearly 27 million vehicles as the technology pushes beyond automobiles to trucks and buses, according to…

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Austin to enter mutual aid agreement with neighboring utility companies after February freeze

Austin to enter mutual aid agreement with neighboring utility companies after February freeze June 2, 2023 A little over three months after an ice storm left tens of thousands of Austin Energy customers without electricity, some for as long as two weeks, the Austin City Council on Thursday ratified a…

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Lawmakers eye compromise bill to bolster power lines in permitting negotiations

Lawmakers eye compromise bill to bolster power lines in permitting negotiations 05/25/23 Lawmakers appear to be considering a compromise bill to bolster the nation’s power lines as part of efforts to tie energy permitting reforms to legislation that would lift the debt ceiling. A source briefed on the issue told…

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Grant County’s $75 Million Electric System Upgrade Project Nearing Completion

Grant County’s $75 Million Electric System Upgrade Project Nearing Completion May 15, 2023 Grant County PUD is set to undergo a comprehensive electric-system upgrade project across 10 different sites, costing approximately $75 million. The aim of these upgrades is to minimize outage durations and enhance the electric supply for residential,…

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ComEd says traditionally summer preparations becoming year-round reality for grid resilience

ComEd says traditionally summer preparations becoming year-round reality for grid resilience May 08, 2023 According to a presentation of ComEd’s summer readiness and plans to the Illinois Commerce Commission (ICC), mechanisms are in place to assure reliability for its 9 million customers in northern Illinois. Summer is traditionally the time…

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Utilities Seize Control of the Coming Boom in Transmission Lines

Utilities Seize Control of the Coming Boom in Transmission Lines April 26, 2023 Just about everyone involved agrees that the grid needs an upgrade, including a plan for a new transmission line that would run south of Chicago, across northern Indiana and into Michigan. What they don’t agree on is…

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Surge in clean generation and storage projects creating a backlog on U.S. electric grids

Surge in clean generation and storage projects creating a backlog on U.S. electric grids

Surge in clean generation and storage projects creating a backlog on U.S. electric grids Energize Weekly, April 26, 2023 A surge in clean energy projects – a 40 percent year-over-year increase in 2022 – is creating a traffic jam in getting onto the U.S. electric grid, according to a Lawrence…

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US Power Plant Firm Goes Bankrupt After Winter Storm Penalties

US Power Plant Firm Goes Bankrupt After Winter Storm Penalties March 31, 2023 Lincoln Power LLC, the owner of two Illinois power plants, filed for bankruptcy after its financial strain was exacerbated by nearly $39 million in penalties levied by the biggest US electric-grid operator. The Chapter 11 filing allows…

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More than 43,000 miles of new transmission lines needed in the U.S. by 2040, DOE study says

More than 43,000 miles of new transmission lines needed in the U.S. by 2040, DOE study says

More than 43,000 miles of new transmission lines needed in the U.S. by 2040, DOE study says Energize Weekly, March 15, 2023 The United States is projected to need more than 47,300 gigawatt-miles of new transmission lines by 2040 – in some cases they will be needed as soon as…

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Minnesota utility proposes $192M EV charging station network

Minnesota utility proposes $192M EV charging station network March 6, 2023 A Minnesota utility’s proposal to deploy around 730 EV charging stations while raising rates has encountered opposition from the state department of commerce, rate payers and other parties, according to a startribune.com report. Opponents of the plan question whether…

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DOE touts grid expansion plans as operators raise concerns

DOE touts grid expansion plans as operators raise concerns 02/27/2023 The Department of Energy calls its new draft report on transmission a vital step in confronting barriers to long-distance power lines, but not all U.S. grid operators are sold on the outlook. DOE’s draft “National Transmission Needs Study,” released Friday,…

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Electric Vehicles Loom Large in U.S. Power Grid Modernization

Electric Vehicles Loom Large in U.S. Power Grid Modernization February 9, 2023 Since its inception, the U.S. electric grid has mostly operated smoothly as one synchronous machine with a one-directional flow of electricity to meet the nation’s predictable power needs. However, as older centralized thermal resources are being replaced with…

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