PJM Urges Delayed Retirement of 840-MW Fossil Fuel Power Plant, Citing Reliability Impacts January 10, 2024 PJM has urged Talen Energy to delay its deactivation of two of four units at the 840-MW coal, oil, and gas–fired Herbert A. Wagner Generating Station in Maryland until transmission upgrades are put into service around 2028. The nation’s…
Solar generation continues expand rapidly on the U.S. grid while coal continues its decline Energize Weekly, January 17, 2024 Solar and coal-fired electricity generation are continuing to head in opposite directions over the next two years with solar being the leading source of new generation and coal activity falling to 1960s levels, according to the…
Microsoft, Qcells strike massive supply deal for US-made solar panels January 8, 2024 South Korea’s Qcells on Monday said it will supply Microsoft (MSFT.O) with 12 gigawatts of American-made solar panels through 2032 in what the companies called one of the largest ever deals of its kind. The agreement locks in substantial and stable demand…
American Electric Power (AEP) to Sell Stake in New Mexico Asset Dec 28, 2023 American Electric Power Co. Inc. AEP and PNM Resources Inc. PNM have inked a deal to divest 50% stake each in New Mexico Renewable Development, LLC (“NMRD”) to Exus North America Holdings, LLC for approximately $230 million. The NMRD portfolio consists…
Hawaii completes assessment of Oahu energy system and critical infrastructure December 29, 2023 The Hawaii State Energy Office (HSEO) recently concluded work on an initiative called the O‘ahu Energy System and Critical Infrastructure Vulnerability and Resiliency Assessment. The assessment involved a comprehensive hazard and risk assessment of O’ahu’s critical energy infrastructure (CEI), including major supply,…
Energy cases to watch in 2024 01/02/2024 Energy regulators’ power to address planet-warming emissions is in the crosshairs in federal courts in 2024. In one of the year’s biggest cases, the Supreme Court could rein in the Federal Energy Regulatory Commission’s ability to use 50-year-old laws to take bold action on emerging problems like climate…
New manufacturing facilities and data centers are driving increased electricity demand Energize Weekly, December 27, 2023 The U.S. electric grid is ill-prepared for a surge in demand coming from new manufacturing, data centers and in future years, electrification of transport and building heating. Meanwhile, the queue of generation projects waiting to get on the grid…
Duke Energy finishes first floating solar project in Florida December 18, 2023 An almost 1 MW floating solar array entered service last week in Florida, as part of a pilot from Duke Energy’s Vision Florida program – a first for the state. The new array consists of more than 1,800 bifacial solar panels floating on…
Building transmission takes forever. The Biden administration is pushing to change that DECEMBER 19, 2023 The SOO Green electric transmission project, a 350-mile high-voltage line between Mason City, Iowa, and Plano, Illinois, was proposed in 2018 to deliver renewable power and to better connect the nation’s two largest power markets. The project won approval from…
Grid monitor warns of blackout risks as coal plants retire 12/14/2023 Rolling blackouts are a rising threat across the U.S. as aging power grids collide with extreme weather, rising electricity demand and a shift to cleaner fuels, the nation’s top grid monitor warned Wednesday. In a report, the North American Electric Reliability Corp. said most…
Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts Energize Weekly, December 20, 2023 The world’s five largest oil companies, riding a wave of high energy prices, pulled in $613 billion in cash flow between January 2021 and September 2023, which they used to reduce debt and send to shareholders, according to…
City of Yes for Carbon Neutrality Passes NYC City Council Dec 7, 2023 On Wednesday, the New York City Council passed the City of Yes for Carbon Neutrality (COYCN) zoning text amendment, a wonky name for a mighty important change to the city’s zoning laws. The change will remove hurdles so the city can more…
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