IRA

Using modeling through analytics, battery energy storage system operators can determine exactly what size system they need for their site with advanced predictive software.

It’s no secret the solar industry has been stockpiling components such as panels and racking since before the Inflation Reduction Act. Under threat of a shortened runway to qualify for credits recently made reality with the passage of the reconciliation bill, the trend has very definitely accelerated.

As hydrogen production scales up, power professionals must weigh where—and when—it fits into a decarbonized grid. For now, experts say real progress may depend on addressing structural bottlenecks: project

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

The power industry was once considered slow-moving and perhaps even boring. That is no longer the case as technology has expanded and power demand projections skyrocket. New reports released by analysts at

There has been significant outrage from the left around changes the Trump administration has made since taking office, including actions that specifically affect the power industry. Yet, it’s not uncommon

During the 2016 U.S. presidential campaign, then-candidate Donald J. Trump took an extremely tough stance on bringing back jobs lost to foreign countries by incentivizing domestic manufacturing. Trump took a hard line against the Clean Power Plan, many times referring to it as a “jobs killer” and an “inflation creator.” Energy independence became a resounding […]

The new year always provides a great opportunity to take a look back to see what POWER got right (or wrong) in our previous industry forecast. More importantly, it gives us a chance to look ahead. Some things

An analysis from global data and analytics group Wood Mackenzie says Republican control of the White House and Congress means U.S. energy policy will move away from net-zero emissions targets, but there remains bipartisan support for the Inflation Reduction Act (IRA). The group also said competitive economics for renewable power resources mean the energy transition […]

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 […]

Marking the first-ever revival of a nuclear power plant in the U.S., the Department of Energy (DOE) on Sept. 30 finalized a $1.52 billion loan guarantee to Holtec International to support the recommissioning of the 800-MW Palisades nuclear plant in Covert Township, Michigan. Separately, the U.S. Department of Agriculture (USDA) awarded electric cooperative Wolverine Power […]

The Inflation Reduction Act  was designed to enhance domestic manufacturing and secure domestic supply chains. The act, signed by President Biden in 2022, was sponsored by Sens. Chuck Shumer (D-NY) and Joe Manchin (D-WV), with the legislation also drawing from House Bill HR5376 sponsored by Rep. John A. Yarmuth (D-KY 3). According to a White […]

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 […]

A leading solar energy equipment provider announced construction of a new factory that will expand its U.S. operations. California-based Nextracker on June 18 held a ceremony to mark the second Nextracker-dedicated manufacturing line that Unimacts, a Las Vegas-based group, has opened in the past year. The new 160,000-square-foot facility in Sloan, Nevada, south of Las […]

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 IRA includes more than 70 investment, production, and excise credits designed to facilitate the transition to cleaner energy production. The legislation promotes advanced manufacturing, and […]

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 on the issue on April 26. The Inflation Reduction Act (IRA) passed in 2022 created two new credit delivery mechanisms—so-called elective pay or direct pay, […]

America faces many energy-related challenges going forward, but none is more important than the need to modernize the U.S. electric grid—but right now the permitting process for building out and strengthening America’s power grid is not set up for success. Talk to just about anyone in the energy sector and you’ll hear about projects that […]

The Solar Energy Industries Association (SEIA) and Wood Mackenzie’s recent report on solar power installations said the U.S. installed a record 32.4 GW of new solar generation capacity in 2023, including 22.5 GW of new utility-scale capacity. That’s a 37% jump from the previous record, set in 2021, and a 51% increase from 2022. The […]

The Department of Energy (DOE) will award credits under its Civil Nuclear Credit (CNC) program to bolster the continued operation of Diablo Canyon Power Plant (DCPP) Units 1 and 2, Pacific Gas and Electric Co.’s (PG&E’s) 2,240-MW nuclear plant in San Luis Obispo County, California. A record of decision published by the agency’s Grid Deployment Office on […]

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 […]

The energy transition is an increasingly important trend, not just for power generation but also for communities across the U.S. As regions that have been dependent on hydrocarbons begin to shift production to renewable resources, they not only lower global carbon emissions, but also reap new economic opportunities from income-producing renewable energy. The Energy Community […]

Investments in renewable energy resources across the U.S. continue to grow, supported by increased federal funding, legislation that improves project economics, and growing demand for cleaner energy. Deloitte, which provides insights and solutions for several industries including the energy sector, on Dec. 5 released its industry outlook for 2024 for renewable energy in the U.S., […]

Colorado-based cooperative Tri-State Generation and Transmission Association will accelerate the closure of a coal-fired unit in the northwestern part of the state, and also announced a retirement date for an Arizona coal plant, as part of the utility’s latest electric resource plan (ERP). Tri-State on Dec. 1 also said it wants to acquire at least […]

Recent events in the wind power industry, all occurring on a single day, provide a snapshot of the sector’s challenges and opportunities heading into 2024. Ørsted, the world’s largest developer of offshore wind, on Oct. 31 announced the cancellation of Ocean Wind 1 and 2, two 1,000-MW-plus projects off the coast of New Jersey. In […]

Throughout this past summer, we have seen some of the highest temperatures on Earth on record, and July was possibly the hottest month in more than a century. Wildfire smoke this year has blanketed the East Coast, marine heat waves have buffeted the Southeast, and Antarctic Sea ice has reached record lows. Washington lawmakers can […]

In the U.S., there has always been a direct correlation between the disparity in income and the distribution of renewable resources. Equity in energy refers to fairness in the distribution of energy, benefits, and burdens among different people and communities. It was designed to rectify historical inequalities, recognizing the need to create a fair and […]

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 […]

Developers of renewable energy projects generally haven’t concerned themselves with the Davis-Bacon Act, the Great Depression-era federal law that mandates the paying of prevailing wages to laborers on public works projects. However, if the Department of Labor (DOL) gets its way, that might soon change. On August 23, 2023, DOL published new Davis-Bacon and Related Acts regulations that contain […]