Inflation Reduction Act
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Renewables
Interconnection Constraints Threaten Success of Clean Energy Projects
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
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Electrification
Major Battery Plant to Support EVs Announced for Georgia
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 […]
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Renewables
Growth Slows, but U.S. Renewable Energy Installs at Third-Highest Level in 2022
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 […]
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Commentary
Financing the Energy Transition: Forging Ahead in the Wake of Silicon Valley Bank
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 […]
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Press Releases
Summit Ridge Energy and Qcells Announce Largest Community Solar Partnership in the U.S.
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 […]
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Solar
Solar Energy Caught in Crosshairs of New Legislation
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, […]
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Interview
The POWER Interview: IRA, Economics Support Solar-Plus-Storage Market
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 […]
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O&M
The Challenges and Opportunities Facing Power Companies Today
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
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Trends
Grid Infrastructure and Renewable Energy Projects Thrive, Workforce and Supply Chain Issues Continue in 2023
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
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Renewables
Risk Mitigation: An Essential Prerequisite for Inflation Reduction Act Funding
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