New England’s joint offshore wind solicitation delayed by DOE grant

Two of the bidding companies said they support the month-long delay in bid selection as Massachusetts, Connecticut and Rhode Island consider the impact of $389 million in DOE funds.

59 GW in data center load seeking to connect to Oncor’s system: CEO

Nearly three-fourths of new interconnection requests are coming from data centers, Oncor officials said.

Stay the course on competitive electric markets

The narrative pushed by certain investor-owned utilities — that the recent PJM capacity auction outcome somehow signals a need for re-regulation — is misleading.

Bill Gates-backed energy investment firm pulls in $839M for new climate fund

Breakthrough Energy Ventures’ third fund will have an investment focus similar to that of its predecessors and target five key areas in climate innovation, including energy and transportation.

Constellation raises 2024 profit guidance amid PJM load growth, tighter power supplies

Higher output, less downtime and nuclear production tax credit revenue boosted the company’s second-quarter financial performance.

Carbon market governing body tightens standards for renewable energy credits

The Integrity Council for the Voluntary Carbon Market said carbon credits issued under existing renewable energy methodologies won’t qualify for its Core Carbon Principles label.

Qcells scores $1.4B DOE loan guarantee for Georgia solar factory

The money will help build one of the country’s largest ingot and wafer plants, expected to begin production later this year. 

Sunrun storage attachment rate jumps to 54% as CEO cheers rising VPP potential

The company also announced a partnership with Tesla Electric to support the Texas grid during peak demand periods. 

How data centers are being used to bypass clean energy goals

It is possible that real growth is coming for the electricity sector from data centers, electric vehicles and electrification. But that growth can be met without expanding fossil fuels.

Biden administration appealing injunction against LNG pause

A district court judge dismissed 11 of 16 charges against the administration but restricted it from further halting or pausing approvals for new liquefied natural gas export terminals.

New initiative aims to solidify carbon removal standards

The Carbon Removal Standards Initiative seeks to provide policymakers and regulators with “financially unconflicted advice” to monitor and develop standards for the industry.

Dominion says ratepayers will be insulated from PJM capacity auction impacts

Despite the PJM Interconnection’s 2025/26 capacity auction seeing record high prices, Dominion Energy has the “natural hedge” of its own generation, said CEO Bob Blue.

SunPower files for bankruptcy, plans to sell or wind down remaining operations

SunPower, a leading residential solar installer, has encountered a “severe liquidity crisis” and must sell its assets to pay down more than $2 billion in debts, company officials said.

DC Circuit vacates FERC’s reapproval of 2 LNG export terminals, gas pipeline

The court decision could delay liquefied natural gas export projects in Texas owned by NextDecade and Glenfarne Energy Transition, research firm ClearView Energy Partners said.

Do Tri-State’s member exits signal ‘the next episode’ for PJM?

PJM may look “too big to fail,” and reliance interests are always tough to overcome, but the same inflexibility and internal contradictions that are leading to Tri-State’s demise are roiling PJM.

US households claim $8.4B in efficiency, clean energy tax credits for 2023: Treasury

The total includes $2.1 billion in energy efficiency tax credits, an amount the Treasury Department expects will grow as more returns are processed.

LS Power unit to pay $2.7M to settle alleged CAISO market violations

A REV Renewables battery storage system made improper bids in California’s wholesale power market, according to FERC enforcement office staff.

Innovative transmission, energy storage projects in 18 states get $2.2B from DOE

Companies involved in winning projects include Allete, Duke Energy, Eversource, Grid United, National Grid, Pacific Gas and Electric and Southern California Edison.

Quantum in $3B deal to buy Cogentrix, with its 5.3 GW of gas generation, from Carlyle

Quantum says it plans to “meaningfully grow” Cogentrix, which owns power plants in New England, PJM and Texas.

It’s time to stop fretting about load growth and get serious about demand-side solutions

As electricity demand growth fuels a crisis of confidence, utilities and grid operators should prioritize least-cost, least-risk demand-side solutions to deliver valuable grid services.

California program leverages storage to drive significant GHG reductions: Verdant Associates

Residential energy storage systems enrolled in California’s Self-Generation Incentive Program reduced greenhouse gas emissions by 16 kg/kWh in 2022, Verdant found.

Schneider Electric’s Q2 revenue in North America soars amid growth in energy management

Energy management revenue organically rose 15.5% year over year, to nearly $3.4 billion in North America, despite contending with supply chain challenges, the company said.

Cleveland-Cliffs moves ahead with $150M electric transformer plant

The electric industry is facing a transformer supply shortage, which the widespread adoption of AI will continue to exacerbate, according to Cleveland-Cliffs President and CEO Lourenco Goncalves.

AI could halt energy use growth in US buildings: LBNL study

Combined with policy measures and low-carbon generation, building carbon emissions can decline over 90% by 2050 compared with business-as-usual scenarios, according to national lab researchers.

FERC seeks more info on Talen-Amazon nuclear interconnection pact

The federal agency also said it plans to hold a technical conference in the fall on issues related to co-locating large loads at power plants.