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Industry News

LG Energy Solution to invest $5.5B in Arizona battery complex

This is the company’s second investment in the state as it looks to capitalize on the U.S.’s burgeoning EV market.

Mar 29, 2023 Insights

Wärtsilä, Eolian complete 200-MW Texas storage facility, world’s largest merchant battery system

Risto Paldanius, vice president Americas, Wärtsilä Energy, said the project will help Texas “as it faces the natural replacement cycle of older inflexible generators and adapts to more frequent extreme weather events.”

Mar 29, 2023 Insights

PG&E, SCE detail plans to spend more than $23B through 2025 to prevent wildfires in their footprints

The utilities plan to focus on installing more resilient infrastructure and transferring power lines underground, among other measures. 

Mar 29, 2023 Insights

Global energy transition investments must quadruple to $5T to reach climate targets: IRENA

Renewable deployments worldwide will have to grow from 3,000 GW to 10,000 GW by 2030 to manage global warming, says a new report.

Mar 29, 2023 Insights

Avoiding a ‘clean power divide’  — creating national electrification co-ops for a just energy transition

If all Americans can participate, we can achieve the speed and scale required to decarbonize electricity and transportation and save the planet.

Mar 29, 2023 Insights

U.S. coal exports remained relatively unchanged between 2021 and 2022

In 2022, 84.8 million short tons (MMst) of coal were exported from the United States, relatively unchanged from the 85.1 MMst exported in 2021. Steam coal accounted for 45% of all U.S. coal exports in 2022; metallurgical coal accounted for 55%.
Mar 29, 2023 Industry News

Reuse of coal plants can cut small modular nuclear reactor development costs by 35%: report

Re-using coal plant sites could have labor force advantages, with 77% of jobs transferable to nuclear plants with no new workforce licensing requirements, the report said.

Mar 28, 2023 Insights

DOE’s SolSmart solar technical assistance program to double its reach by 2027

The SolSmart program has so far worked to improve solar markets in 488 communities, potentially impacting 134 million people.

Mar 28, 2023 Insights

Iowa high court sides with LS Power, freezes transmission right-of-first-refusal law for incumbent utilities

The court decision on Friday affects $2.6 billion in pending transmission projects slated to be built by ITC Midwest, MidAmerican Energy and Cedar Falls Utilities.

Mar 28, 2023 Insights

New efficiency standards for air conditioners, air purifiers will save consumers up to $25B by 2055: DOE

The new standards will go into effect in two phases, beginning in 2024, and the U.S. Department of Energy expects them to cut carbon dioxide emissions by 106 million metric tons over 30 years.

Mar 28, 2023 Insights

Xcel Energy powers down Minnesota nuclear plant after finding 2nd leak of radioactive water

The new leak will not materially increase the amount of tritium Xcel is working to recover, Xcel said.

Mar 28, 2023 Insights

Renewable generation surpassed coal and nuclear in the U.S. electric power sector in 2022

Last year, the U.S. electric power sector produced 4,090 million megawatthours (MWh) of electric power. In 2022, generation from renewable sources—wind, solar, hydro, biomass, and geothermal—surpassed coal-fired generation in the electric power sector for the first time. Renewable generation surpassed nuclear generation for the first time in 2021 and…

Mar 28, 2023 Industry News
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