Inflation Reduction Act

The energy industry, and particularly those participating in renewables, battery storage, and electric mobility, and their supply chain (solar panels, wind turbines, battery components, etc.), are facing

South Carolina’s largest power provider Santee Cooper has issued a request for proposals (RFP) aimed at finding a buyer—or visionary—to take on what remains of the Virgil C. Summer Nuclear Station expansion. The two partly constructed AP1000 projects, abandoned in 2017 after a cascade of delays and cost overruns, could now offer a second chance […]

Lightshift Energy, a developer, owner, and operator of energy storage projects, has partnered with Basis Climate to complete the sale of nearly $10 million of investment tax credits (ITCs) tied to four utility-scale battery energy storage (BESS) projects in Massachusetts. The projects range from 9,000 kWh to 22,000 kWh. The systems are designed to charge […]

As a significant final move before the incoming Trump administration takes office, the Biden administration has announced conditional loan commitments totaling $22.92 billion to support projects by eight utility companies across the U.S. The investments will seek to modernize infrastructure, expand clean energy generation, and improve grid reliability, impacting millions of customers, the Department of […]

The energy industry finds itself in the midst of a transformative era. In 2023 alone, a record 31 GW of solar energy capacity were installed—a 55% increase from 2022—while battery energy storage systems

The U.S. Dept. of Energy’s (DOE’s) Loan Programs Office (LPO) has published Community Benefits Plans (CBPs) for several projects that recently finalized financing from the agency. The projects include the restart of the Palisades nuclear power station in Michigan, which is expected next year. The DOE on Oct. 29 said the CBPs are part of […]

President Biden signed the Inflation Reduction Act (IRA) into law in 2022. The IRA is the largest public investments in renewable energy in American history and created more than 20 different tax incentives for renewable energy and related manufacturing. Certain Republic politicians have directed vitriol at the IRA. However, even if Republicans win the White […]

The U.S. clean hydrogen sector is poised for significant growth, driven in part by its potential to reduce carbon dioxide emissions in hard-to-abate industries such as transportation and chemical production. The Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL) have catalyzed this momentum, providing production tax credits (PTCs) and billions in funding to […]

Shell Energy upgraded a Texas wind farm to produce more power with fewer turbines, a project that showcased repurposing of old materials with new technology to enhance efficiency, reliability, and safety

Renewable energy project developers and contractors must be prepared to negotiate novel risks in a quickly changing global market. Technological innovations in renewable energy equipment and decreasing

A new U.S. president will be inaugurated in less than five months. Polls show the race between Donald Trump and Kamala Harris to be very close, with potentially only a few swing states deciding the election. While energy policy may not be a deciding factor for many Americans in choosing who they will vote for, […]

This week marks the second anniversary of the Inflation Reduction Act (IRA), a critical milestone for the section 45Q tax credit, the foundational policy for the deployment of carbon management technologies, which was further enhanced in the IRA. The 45Q tax credit provides a credit on a per-ton basis for carbon that is captured from […]

The U.S. Department of Energy (DOE) Loan Programs Office (LPO) on July 18 announced a conditional commitment for a loan guarantee of up to $861.3 million to Clean Flexible Energy, LLC. The money will finance construction of two solar photovoltaic (PV) farms equipped with battery storage, and two standalone battery energy storage systems (BESS), in […]

The past few years have shown that the need for cleaner energy sources is only growing, while balancing economic and infrastructure concerns remains vital to safeguard American energy dominance and security. The 2021 Bipartisan Infrastructure Law and 2022 Inflation Reduction Act are two recent examples of massive investments into American infrastructure and jobs, forging ahead […]

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 measures—many announced as part of a comprehensive Earth Week agenda on April 25—are notable for their strategic push in an election year, highlighting the administration’s […]

As renewable energy capacity increases on power grids, battery energy storage systems become more and more important. While lead battery technology is not new, it is evolving. Advanced lead batteries offer a

India’s largest solar photovoltaic (PV) module maker is moving some of its manufacturing to the U.S. Mumbai-based Waaree Energies on Dec. 21 said it would build its first U.S.-based facility in Brookshire, Texas, near Houston. Waaree, a major equipment supplier for the U.S. solar power sector, on Thursday said the new plant would have an […]

Energy industry analysts have said energy storage will be needed to support the integration of renewable energy into the U.S. power grid, and to provide grid flexibility and reliability. Energy storage, including the use of battery energy storage systems (BESS), also will support moves toward electrification and continued decentralization of U.S. power generation. A new […]

The Inflation Reduction Act (IRA) recognizes the importance of boosting domestic U.S. manufacturing of clean energy equipment and provides a 10% bonus for the production tax credit and investment tax credit

Although there is a risk of energy shortfalls in parts of the U.S. if extreme summer temperatures materialize, there is no stopping the clean energy transition that is sweeping the nation. Energy storage

Power projects are filled with risk. One of the biggest risks today for clean energy developers involves interconnection constraints. And according to Sarp Ozkan, vice president of Commercial Product at

The market for U.S. manufacturing of batteries for the electric vehicle (EV) sector continues to grow. The latest announcement comes from South Korea-based LG Energy Solution (LGES), which together with Hyundai Motor Group has formed a joint venture (JV) for a battery cell factory in Georgia. The announcement on May 26, during a signing ceremony […]

The American Clean Power Association (ACP) in a new report said installations of energy storage, along with wind and solar power capacity, were at the third-highest level on record in 2022, with more than 25 GW of new clean power installed cross the U.S. But challenges to clean energy deployment remain. The group’s “Clean Power […]

Considering the unfathomable costs of unabated climate change, it stands to reason that even the most elementary investment thesis for the energy transition merits sincere consideration. And with the enormous sums of public and private capital committed these last few years toward the companies, technologies, and projects that promise to drive climate change mitigation and adaptation, it would appear […]

Dalton, GA, April 6, 2023 – Summit Ridge Energy (SRE), the nation’s largest commercial solar company, announced today that it has signed an agreement with Qcells, a leading provider of complete energy solutions, to purchase 1.2 gigawatts (GW) of solar panels to support its development pipeline. This marks the largest equipment purchase in history within […]

The solar power industry seems to be caught in the crosshairs of competing legislative agendas. The U.S. Inflation Reduction Act (IRA) created incentives to increase solar capacity via tax credits, but the Uyghur Forced Labor Prevention Act (UFLPA) limits the effectiveness of those credits by restricting the importation of any goods that were mined, produced, […]

Several executives in the energy industry have spoken with POWER in recent months about how utility-scale solar power projects benefit from the addition of energy storage. Many have noted how installing storage systems alongside solar arrays supports the integration of renewable energy to the power grid, and also enhances the economic potential of any such […]

The power system is changing and electricity suppliers need to adapt or get left behind. Experts weigh in on what leaders should be focusing on and how these items will affect utilities in the future. The

The Inflation Reduction Act will spur growth in clean energy and upgrades to grid infrastructure, but workforce shortages and supply chain constraints are likely to challenge power companies for at least the

The groundbreaking Inflation Reduction Act (IRA) will put hundreds of billions of dollars toward renewables. As the most comprehensive energy policy in recent years, the IRA is already having a profound impact