The Houston, Texas-headquartered energy company said the new funding would help it deploy geothermal energy to meet the “skyrocketing demand for clean, firm power.”

A clean fuel standard has worked in several states to fund EV infrastructure. It should be tried in more places.

State utility regulators and power plant owners told the Federal Energy Regulatory Commission they support PJM’s Reliability Resource Initiative, but renewable developers and others oppose it.

The first project supported by the funds would be the 150 MW/600 MWh Agave Battery Energy Storage System. APS must still meet certain conditions to finalize the loan.

They’re “the most important clean energy tax credits ever enacted,” said Brad Townsend, vice president of policy and outreach at the Center for Climate and Energy Solutions. 

The latest phase of the program outlines initiatives to guide the design of energy-efficient renovations and new construction projects, the organizations said.

Electric utilities that can increase earnings related to data center energy demand should see their share prices rise in 2025, according to Bank of America Global Research.

From rising electricity prices and demand to emerging opportunities and challenges around nuclear energy, virtual power plants, renewables and more, we’ve highlighted nine of the most important issues for the year ahead.

The deal, expected to close this quarter, gives Shell “valuable trading opportunities” in the New England power markets, according to the company.

The document updates DOE’s Energy Storage Grand Challenge Roadmap and reflects significant advances in energy storage technology and deployment since 2020, the agency said.

Rising transmission costs and extreme weather impacts prompted a fresh look at the benefits of self-contained grids for rural Colorado communities.