DOE Announces Support for Plug Power Hydrogen Production Sites

Credit to Author: Darrell Proctor| Date: Mon, 20 May 2024 01:24:40 +0000

The U.S. Dept. of Energy (DOE) announced it was preparing to make as much as a $1.66 billion loan guarantee to Latham, New York-based Plug Power, with the money earmarked […]

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NERC: Summer Grid Outlook Improved But Still Vulnerable to Extreme Weather, Demand Growth Spikes

Credit to Author: Sonal Patel| Date: Thu, 16 May 2024 20:01:56 +0000

All regions across the bulk power system (BPS) are generally prepared to meet resource adequacy criteria to meet normal peak demand this summer, but ongoing concerns about extreme weather events, […]

The post NERC: Summer Grid Outlook Improved But Still Vulnerable to Extreme Weather, Demand Growth Spikes appeared first on POWER Magazine.

NERC’s 2024 Summer Reliability Assessment (SRA) finds that a large part of North America remains at risk of supply shortfalls, while other areas show reduced risk due to resource additions. Expected wide-area heat events that affect generation, wind output, or transmission systems coupled with demand growth in some areas are contributing to adequacy risks for resources and transmission. All areas are assessed to have adequate supply for normal peak load due, in large part, to a record 25 GW of additional solar capacity added since last year. However, energy risks are growing in several areas when solar, wind, and hydro output are low. Courtesy: NERC

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How Regulatory Burdens and Misguided Incentives Are Degrading Power System Reliability

Credit to Author: Aaron Larson| Date: Tue, 14 May 2024 12:55:43 +0000

It’s no secret that the U.S. electric power system has undergone a remarkable transition that continues today. Coal-fired generation, which was the leading source of power generation during the 20th […]

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Report: Renewables Generating Nearly One-Third of Global Electricity

Credit to Author: Darrell Proctor| Date: Wed, 08 May 2024 19:14:17 +0000

A UK- based global research group said continued growth in wind and solar power increased power generation from renewable energy to nearly a third of worldwide electricity output last year. […]

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Siemens Gamesa Changes CEO, Announces Job Cuts as Part of New Focus

Credit to Author: Darrell Proctor| Date: Wed, 08 May 2024 14:19:38 +0000

Siemens Energy announced an overhaul of its struggling wind power division on May 8, unveiling plans for a new CEO for its wind turbine business and also saying job cuts […]

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Planning for ‘Flip Dates’ in Tax Equity Partnerships

Credit to Author: Contributed Content| Date: Tue, 30 Apr 2024 13:44:23 +0000

The U.S. government offers certain benefits to renewable energy projects, primarily in the form of tax credits and depreciation. But the reality is that a growing number of tax-equity partnerships […]

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The POWER Interview: The IRA’s Impact on Tax Credits, Tax Equity, and Renewable Energy

Credit to Author: Darrell Proctor| Date: Mon, 29 Apr 2024 14:40:27 +0000

The Inflation Reduction Act (IRA) represents the largest incentive effort for clean energy in U.S. history. Its impact touches multiple sectors, including solar, wind, hydrogen, energy storage, and more. The […]

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Feds Release Final Rules on Clean Energy Tax Credits

Credit to Author: Darrell Proctor| Date: Fri, 26 Apr 2024 17:20:19 +0000

Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. Treasury Dept. and the Internal Revenue Service (IRS) released final rules […]

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Federal U.S. Power Sector Initiatives Went Full Throttle in April: Here’s the List

Credit to Author: Sonal Patel| Date: Thu, 25 Apr 2024 11:14:09 +0000

The Biden administration has unveiled several sweeping actions over the past month aimed at boosting clean energy deployment, enhancing manufacturing jobs, and reducing pollutant emissions across the power sector. The […]

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Navigating the Interconnection Queue Is One of Many Challenges Clean-Energy Projects Face

Credit to Author: Aaron Larson| Date: Fri, 19 Apr 2024 21:51:38 +0000

There are several obstacles to overcome when building a clean-energy project, but perhaps the biggest is getting through the generator interconnection queue (GIQ). Every regional transmission organization (RTO) and independent […]

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