Renewables
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2024 Elections
What do Trump’s picks to head Energy and Interior signal for renewables?
DOE pick Chris Wright is an investor in renewable energy and CEO of fracking giant Liberty Energy. DOI pick Doug Burgum has backed both renewable and fossil fuel generation as North Dakota's governor.
By Diana DiGangi • Nov. 21, 2024 -
Data center stakeholders must collaborate to meet clean energy targets: Deloitte
With generative AI driving energy consumption, key players must work together to assess cooling needs and identify heat and wastewater solutions, according to the consulting firm’s report.
By Joe Burns • Nov. 21, 2024 -
Trendline
The Energy Transition to Renewables
New policy and business actions are giving a significant boost to renewable energy in the U.S., but opposition is growing and grid interconnection, permitting, labor and other challenges remain.
By Utility Dive staff -
First Solar hit by manufacturing issues, terminated contracts in Q3
The solar manufacturer's revenue declined 10.8% year over year as the clean energy regulatory environment remains unstable.
By Joelle Anselmo • Nov. 21, 2024 -
IRS finalizes direct pay rules, increasing access to IRA’s clean energy tax credits
Direct-pay-eligible entities like local governments, public school districts, churches and hospitals will more easily be able to jointly invest in clean energy projects under rules released Tuesday.
By Diana DiGangi • Nov. 20, 2024 -
Massachusetts passes clean energy legislation allowing for 30-year offshore wind contracts
The bill allocates $200 million to the state’s Offshore Wind Industry Investment Fund and will allow the state to negotiate offshore wind contracts of up to 30 years, instead of 20.
By Diana DiGangi • Nov. 18, 2024 -
As Trump threat to offshore wind looms, BOEM assesses 5 California areas
This marks the second time that the Bureau of Ocean Energy Management has performed a regional analysis over multiple lease areas owing to their proximity, the agency said.
By Diana DiGangi • Nov. 14, 2024 -
PNM plans to join California ISO’s day-ahead market beginning in 2027
Participating in CAISO’s planned market “is the next step in realizing the value of New Mexico’s renewable energy potential for our customers,” PNM President and CEO Don Tarry said.
By Robert Walton • Nov. 12, 2024 -
DOE earmarks nearly $150M for 67 clean tech projects at federal facilities
The Assisting Federal Facilities with Energy Conservation Technologies program grants will save a combined $41.7 million in energy and water costs annually, the Energy Department said.
By Brian Martucci • Nov. 11, 2024 -
Opinion
Pursuing 24/7 carbon-free energy is complex. Here’s what really matters.
For power providers to monetize the opportunity afforded by the rising demand for nonstop clean energy requires meticulous planning that considers both strategy and operations.
By Goran Vojvodic and Edo Macan • Nov. 11, 2024 -
Freyr Battery enters solar manufacturing, buys 5-GW plant from Trina Solar
Freyr will pay $340 million for the Wilmer, Texas, facility. It also plans to begin construction next year on another 5-GW solar manufacturing facility.
By Diana DiGangi • Nov. 7, 2024 -
2024 Elections
Clean energy, sustainable investors brace for second Trump presidency
Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.
By Lamar Johnson • Nov. 7, 2024 -
2024 Elections
Analysts see ‘a real fear in the market’ as renewable energy stocks plummet on election results
Tariffs and other policy actions favored by Trump could drive renewable energy prices higher over the next four years, industry analysts say.
By Emma Penrod • Nov. 7, 2024 -
2024 Elections
What Trump’s reelection could mean for the IRA, offshore wind
President-elect Trump has vowed to repeal the Inflation Reduction Act and stop offshore wind development, but clean energy advocates say his administration could benefit from both.
By Diana DiGangi • Nov. 6, 2024 -
2024 Elections
Trump win is ‘setback’ for climate protection, but clean energy advocates say progress will continue
Trump’s victory means a Republican will be selected to lead FERC, which will likely work to rein in transmission incentives, said Tyson Slocum, director of Public Citizen's Energy Program.
By Robert Walton • Nov. 6, 2024 -
North Carolina OKs Duke Energy plan to add 3.6 GW gas-fired capacity, 7 GW renewables
The company also plans to add 1,100 MW of battery storage, 1,834 MW of pumped storage hydropower and is working to place 600 MW of advanced nuclear generation into service by 2035.
By Diana DiGangi • Nov. 5, 2024 -
Stem revenue falls sharply due to bad debt charge, lower battery hardware bookings
The company recently announced key leadership changes and a pivot to software and services amid unexpected challenges for its clean energy hardware procurement strategy.
By Brian Martucci • Nov. 4, 2024 -
ENGIE strikes deal with Meta to supply 260 MW of solar
The project is located in Milam County, Texas, and will supply power to a Meta data center 10 miles away in Temple.
By Diana DiGangi • Oct. 31, 2024 -
Avangrid, Invenergy subsidiaries secure BOEM’s first-ever Gulf of Maine offshore wind leases
Four lease areas with a total potential capacity of 6.8 GW were sold to Avangrid Renewables and Invenergy NE Offshore Wind for over $21.9 million, a drop from the $93 million netted in the previous offshore wind lease sale.
By Diana DiGangi • Oct. 30, 2024 -
Wind and solar lead accelerating LCOE drop for renewable energy: WoodMac
In North America, renewable technologies’ levelized cost of electricity "declined by 4.6% in 2024, underpinned by a 4.2% drop in capital costs,” Wood Mackenzie said.
By Diana DiGangi • Oct. 28, 2024 -
Arkansas could be a lithium treasure trove
The state’s Smackover Formation region may contain up to 19 million tons of the critical mineral, more than enough to meet projected global demand in 2030.
By Kate Magill • Oct. 28, 2024 -
Final IRS guidance for semiconductor tax credit includes solar ingot and wafer manufacturing
“The White House is wisely addressing the fact that the overwhelming majority of solar panels manufactured in the world are done so by companies in China,” said Danny O’Brien, president of corporate affairs at Qcells.
By Diana DiGangi • Oct. 24, 2024 -
NextEra CEO ‘not bullish’ on SMRs as company assesses potential Duane Arnold restart
“There are only a few nuclear plants that can be recommissioned in an economic way,” and newer technologies like small modular reactors remain financially infeasible, CEO John Ketchum said.
By Emma Penrod • Oct. 24, 2024 -
Opinion
Utilities’ hidden clean energy tax is at the heart of our energy challenges
Ending utility self-funding is central to FERC’s efforts to change utilities’ incentives and push them to tackle more ambitious high-voltage projects.
By Ari Peskoe • Oct. 24, 2024 -
Opinion
Amid hurricanes and wildfires, the legacy grid, not clean power, is failing local communities
The latest bout of extreme heat is proving that we can increasingly and reasonably rely on renewable energy and storage to save us from catastrophic power outages even as the planet warms.
By Akshat Kasliwal and Anirudh Mathur • Oct. 23, 2024 -
Renewable PPA prices continue to rise — and may do so through 2030, say LevelTen, Ascend analysts
Project delays, tariffs and a new round of supply shortages pushed renewable energy prices higher in the third quarter of 2024.
By Emma Penrod • Oct. 22, 2024