Renewables
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States, feds must do more to mitigate offshore wind risks: Cleanpower 2024 panel
The conversation came as the offshore wind industry works through “a moment of reflection and recalibration,” said panelist Doreen Harris, NYSERDA president and CEO, on May 7 at the Cleanpower Expo.
By Brian Martucci • May 16, 2024 -
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Biden hikes tariffs on China-made EVs, batteries, solar cells
The tariffs align with U.S. efforts to get ahead of China in clean energy and advanced technology manufacturing while also increasing supply chain control.
By Kate Magill • May 14, 2024 -
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TrendlineSustainability
Companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
By Utility Dive staff -
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University of Texas at Austin launches pioneering hydrogen demonstration research hub
The “proto-hub” will serve as a center for testing complex hydrogen systems in the real world — and could train professionals in hydrogen technology in the future.
By Emma Penrod • May 14, 2024 -
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Clean energy groups praise FERC transmission order but want more reform
American Clean Power Association Vice President of Markets and Transmission Carrie Zalewski called the rule “an important milestone” but added that it “cannot be the finish line.”
By Diana DiGangi • May 14, 2024 -
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Virtual power plants, DERs and home electrification get boost from trio of new Maryland laws
The laws could help Maryland meet its goals to generate 14.5% of electricity from solar by 2028, achieve a 60% greenhouse gas emissions reduction by 2030 and install 3 GW of energy storage by 2033.
By Brian Martucci • May 13, 2024 -
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Midwest is a model for renewables development, but ‘well-meaning’ policies can raise concerns: panel
Despite the region’s competitive advantages for renewable energy, developers need to recognize local stakeholders’ concerns to keep the energy transition on pace, panelists said Tuesday at the Cleanpower conference in Minneapolis.
By Brian Martucci • May 10, 2024 -
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Training gaps, lack of diversity and ‘bad PR’ constrain clean energy workforce: Cleanpower 2024 panel
Renewables developers need to think creatively and look at largely untapped labor pools to source talent, executives from Mortenson, Pattern Energy and MasTec Renewables said at the Cleanpower expo in Minneapolis.
By Brian Martucci • May 10, 2024 -
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DOE doubles down on $1/kg clean hydrogen, sets sights on additional hydrogen cost targets
The DOE's goals are “aggressive” but will help the industry focus on cutting costs and scaling hydrogen technology, Fuel Cell and Hydrogen Energy Association President Frank Wolak said.
By Emma Penrod • May 9, 2024 -
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Clean energy, gas generation in PJM may take longer to come online than expected: report
“Absent significant reforms or market innovations, most projects entering PJM’s queue today are unlikely to come online before 2030,” the report’s authors said.
By Ethan Howland • May 9, 2024 -
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US adds 5.6 GW of utility-scale clean energy in Q1, up 28% year-over-year: ACP
In the first quarter, solar’s project pipeline was up 16% year-over-year while the battery storage pipeline increased 61%, according to the American Clean Power Association.
By Diana DiGangi • May 8, 2024 -
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High interest rates hit renewable energy harder than natural gas: Wood Mackenzie
A 2-percentage-point increase in interest rates pushes up the levelized cost of electricity for renewables by as much as 20%, according to an analysis by the energy research firm.
By Emma Penrod • May 7, 2024 -
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$6B in Inflation Reduction Act tax credits for advanced energy projects open this month
The Treasury Department is opening a second round of funding for 48C tax credits aimed at clean manufacturing.
By Joelle Anselmo • May 3, 2024 -
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Louisiana in ‘unique’ position to support US offshore wind but needs legislative backing: report
Louisiana has 458 distinct companies “with potential applicability to supply products or services in the offshore wind industry,” according to a report released last week by consulting firm Xodus Group.
By Diana DiGangi • May 2, 2024 -
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
By Ethan Howland • May 2, 2024 -
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GE Vernova to remain “highly selective” of offshore wind orders amid uncertainty: CEO
In its first quarterly earnings report since becoming an independent company, the power equipment manufacturer contrasted recent wind challenges with near-term optimism for its gas power and electrification business lines.
By Brian Martucci • May 1, 2024 -
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Citi achieves $441B of $1T sustainable finance 2030 goal with renewables a ‘major driver’: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
By Lamar Johnson • May 1, 2024 -
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Interior proposes first Gulf of Maine and Oregon offshore wind auctions
The lease areas offer more than 18 GW in total capacity, but the deep waters in both locations will necessitate floating wind turbines.
By Diana DiGangi • May 1, 2024 -
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OpinionSolar tariffs are in the spotlight again. Our current approach isn’t the answer.
Provisions in the IRA combined with aggressive tariff policy will cause the price of solar to skyrocket when we need to deploy it at a massive scale to solve the climate crisis.
By Dan Whitten • April 30, 2024 -
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BlackRock, Temasek decarbonization venture raises $1.4B
Decarbonization Partners surpassed its initial goal of $1 billion for its first late-stage venture capital fund.
By Lamar Johnson • April 29, 2024 -
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Sponsored by Convergent Energy and Power15 questions to ask your energy storage or solar-plus-storage partner
As utilities evaluate partners to meet growing demand—it is important to ask key questions that will help you select the right folks to support the energy transition.
April 29, 2024 -
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said American Council on Renewable Energy President and CEO Ray Long.
By Diana DiGangi • April 26, 2024 -
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US offshore wind poised for ‘liftoff’ despite recent turbulence: DOE
The sector will achieve “liftoff” when “it is actively contributing to decarbonization targets, with a sustained project pipeline and regular deployment,” the Energy Department said.
By Diana DiGangi • April 25, 2024 -
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First Solar, QCells and 5 other solar manufacturers seek import tariffs, sparking industry divide
Four clean energy groups warned the petition would create market uncertainty and pose a threat to the domestic solar supply chain.
By Diana DiGangi • April 25, 2024 -
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JPMorgan warns clean energy transition could take ‘decades or generations’
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
By Zoya Mirza • April 25, 2024 -
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Florida Power & Light doubles planned storage deployments to more than 4 GW over 10 years
Between the FPL solar and storage buildout and other projects, NextEra could operate more than 100 GW of generation capacity by the end of 2026, CEO John Ketchum said April 23.
By Emma Penrod • April 25, 2024
