Biden Budget Proposes Elimination of Oil, Gas Tax Subsidies March 14, 2023 U.S. President Joe Biden’s 2024 budget proposes to eliminate tax subsidies for oil and gas, a White House fact sheet has revealed. “The president is committed to ending tens of billions of dollars of federal tax subsidies for oil and gas companies,” the…
DOE working with partners to accelerate long-duration energy storage March 09, 2023 The U.S. Department of Energy (DOE) took a step forward this week toward accelerating the commercialization of long-duration energy storage (LDES). While shorter-duration energy storage is currently being installed to support renewable energy generation, long-duration storage technologies are critical to help grid operators…
Texas lawmakers propose bills moving away from renewable energy in attempt to shore up power grid March 9, 2023 Some Texas senators unveiled plans Thursday to shift the focus away from wind and solar and toward resources like natural gas. It was part of nine bills Texas lawmakers announced aimed at shoring up the state’s…
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 2030, according to a draft…
California could keep the lights on by expanding grid across the West, report finds MARCH 03, 2023 Expanding California’s electricity grid to cooperate with neighboring states would bolster reliability and affordability while reducing carbon emissions, researchers at the U.S. Department of Energy concluded in a new report. The report released Monday said California would both…
Constellation starts up nuclear-powered clean hydrogen facility in New York Mar 07, 2023 Constellation Energy Company has started up a 1MW demonstration-scale, nuclear-powered clean hydrogen production facility at its Nine Mile Point plant in Oswego, New York. Believed to be the first of its kind in the nation, the plant can produce 560kg of clean…
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…
Red states leading the US in solar and wind production, new report shows 26 Feb 2023 A new report by Climate Central shows how US capacity to generate renewable energy shot up last year – and surprisingly, red states lead the nation in solar and wind power production. National wind and solar capacity grew 16%…
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, is the department’s initial view…
With Duke Energy solar rebates expired, N.C. nonprofits look for new ways to bridge the gap February 20, 2023 A rush of applications in the final months of a Duke Energy solar rebate program reflects an ongoing need to help North Carolina nonprofits share the benefits of clean energy, advocates say. Duke Energy received 140…
Attacks On The U.S. Power Grid Are Surging Feb 21, 2023 The number of attacks with gunfire or vandalism on the U.S. power grid infrastructure surged last year and is likely to continue rising this year, too, a confidential analysis seen by The Wall Street Journal has shown. Last year, the number of physical attacks…
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…
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