“Not all incumbent utilities will gain from the energy transition,” analysts said in a report issued Wednesday. Those that could be challenged include Consolidated Edison, Entergy and NextEra.

IHG will provide renewable energy certificates to participating hotels, furthering the company’s 10-year march toward a 46% energy emissions reduction target.

“We’ve actually seen pretty robust inbound interest in the asset, and so we do expect a fairly competitive process,” Carolyn Burke, PG&E Corp. CFO, said.

The Grid Resiliency Tax Credit Act would provide incentives for transmission projects, critical subcomponents and grid-enhancing technologies.

The Department of Energy is “open to exploring both supply- and demand-side solutions to encourage further manufacturing of distribution transformers,” an agency spokesperson said.

The 48C investment tax credit and a related manufacturing tax credit, 45X, are “very substantial” credits that many companies aren’t aware of, said Moss Adams partner and Certified Public Accountant Peter Henderson.

The South Texas Project Electric Generating Station has the potential to operate for at least another 46 years “with the right policy support,” Constellation CEO Joe Dominguez said.

The money will go to eight companies and is part of an agencywide initiative to accelerate the viability of commercial fusion energy in partnership with the private sector.

Installations have yet to catch up with prior records, but an uptick in order activity suggests the industry has begun to turn a corner, a Wood Mackenzie analyst said.

Xcel said it plans to propose a demand-side management and beneficial electrification plan later this year to meet the new targets.

Aligning grid needs with demand will become more important as renewable penetration increases and widespread electrification occurs, according to the Energy Systems Integration Group.