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ISO-NE anticipates 17% rise in annual energy use by 2033, led by EVs and heating
The region has typically seen grid demand peak during the summer, but that may change across the next 10 years, says a new capacity and demand report from the New England ISO.
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VPPs could boost utilities’ credit profiles, but it’s ‘premature’ to consider impact: Morningstar DBRS
Though obstacles are impeding virtual power plants in the short term, the technology will be a plus for utilities and for reliability in the long run, the credit rating company predicts.
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Congress passes Russian uranium import ban, unlocking $2.7B to expand US nuclear fuel production
The money includes funding for high-assay low-enriched uranium, which is needed for certain advanced nuclear reactor designs.
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Opinion
If EPA’s latest power plant rules seem familiar, don’t get fooled again!
The power plant rule that EPA announced on April 25 closely resembles Obama’s Clean Power Plan in key respects — and it will almost certainly suffer the same fate.
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Schneider Electric’s new battery energy storage system aims to boost microgrid efficiency
The system allows energy to be stored during off-peak hours, when electricity rates are lower, and used during peak demand periods, a company executive says.
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Taiwan Semiconductor’s $65B Arizona investment, data centers key drivers of APS sales growth: CFO
The state is attracting residents and industry, resulting in “robust” first-quarter sales, said Andrew Cooper, chief financial officer of APS parent Pinnacle West.
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Exelon sees data center, other ‘high-density’ load growth opportunities
PECO Energy, an Exelon utility, has had inquiries from data centers and other businesses, according to President and CEO David Velazquez.
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4-hour batteries best replacements for aging Maine peaker plants: study
An analysis by Clean Energy States Alliance found 4-hour battery systems more economical than a new F-frame gas turbine when considering the social costs of carbon and local pollution.
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Louisiana in ‘unique’ position to support US offshore wind but needs legislative backing: report
Louisiana has 458 distinct companies “with potential applicability to supply products or services in the offshore wind industry,” according to a report released last week by consulting firm Xodus Group.
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Opinion
FERC and NERC review of winter storm gas failures lacks transparency, key details
Faltering energy system performance — which almost caused rolling blackouts — and insufficient scrutiny and transparency after the fact must not be the new normal with winter storms.
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$6B in Inflation Reduction Act tax credits for advanced energy projects open this month
The Treasury Department is opening a second round of funding for 48C tax credits aimed at clean manufacturing.
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Brookfield, Microsoft ink largest-ever corporate clean energy deal for 10.5 GW
Brookfield will deliver wind, solar and “new or impactful carbon free energy generation technologies” to Microsoft between 2026 and 2030.
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New water heater efficiency standards will create largest-ever energy savings from one rule: DOE
The final rule will generate more than 17.6 quadrillion British thermal units of energy savings over 30 years, the Department of Energy said.
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AEP faces 15 GW of new load, driven by Amazon, Google, other data centers: interim CEO Fowke
Load growth in Ohio is sparking talk of letting the state’s utilities own power plants again, Ben Fowke, AEP interim CEO, said Tuesday.
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Opinion
Long-term transmission planning will power America’s future
It is in the national interest to approach the power grid the same way we have approached the internet, the interstate highway system and telecommunications.
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DOE announces $27M in grants to install batteries, EV chargers, efficiency retrofits
More than three dozen state and local governments will receive funds, including $2.2 million for Chicago to launch a building electrification campaign, install EV chargers and other projects.
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Interior proposes first Gulf of Maine and Oregon offshore wind auctions
The lease areas offer more than 18 GW in total capacity, but the deep waters in both locations will necessitate floating wind turbines.
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GE Vernova to remain “highly selective” of offshore wind orders amid uncertainty: CEO
In its first quarterly earnings report since becoming an independent company, the power equipment manufacturer contrasted recent wind challenges with near-term optimism for its gas power and electrification business lines.
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PSEG in talks to sell nuclear power to data centers: CEO LaRossa
“Our New Jersey nuclear units could provide access to a highly reliable, carbon-free source of baseload power,” PSEG CEO Ralph LaRossa said Tuesday.
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International, domestic energy policies should embrace gas as transition fuel: EFI report
Natural gas exports from the United States help to support energy security, equity and sustainability around the globe, said EFI Foundation CEO Ernest Moniz, who served as U.S. Secretary of Energy under President Obama.
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Citi achieves $441B of $1T sustainable finance 2030 goal with renewables a ‘major driver’: report
The bank has also met more than half of its goals to reduce its operational footprint by 2025.
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Opinion
New early warning system will mitigate energy shortfall risks in New England
ISO New England’s new Probabilistic Energy Adequacy Tool, created jointly with EPRI, is part of the grid operator’s comprehensive and proactive approach to planning for a reliable future power system.
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SPP Markets+ Western market plan sparks support, protest and concerns
Arizona Public Service, Public Service Co. of Colorado, Salt River Project, Tucson Electric Power and a public power trade group urged FERC to approve the day-ahead market.
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Q&A
CMBlu’s batteries competitive with Li-ion after 5 hours, but more data, experience needed: US head
After taking over as president of Germany-based CMBlu Energy’s U.S. subsidiary in January, Giovanni Damato aims to prove the company’s organic flow technology for utility and commercial/industrial users.
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Artificial intelligence can help manage the grid but creates risks if deployed ‘naïvely,’ DOE warns
Machine learning could help electric utilities improve permitting and siting, reliability, resilience and grid planning, according to a new Department of Energy report.
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