Over the weekend, Democrats in the U.S. House released the first specifics of the Build Back Better plan within the $3.5 trillion budget reconciliation bill. The overall package is seen as the most significant legislative effort ever proposed to address climate change. Reconciliation requires only a simple majority of the House and Senate to pass.
So, what's in the Build Back Better bill for renewable energy? Here's a breakdown of the highlights.
Clean Elec [...]
As the Federal Energy Regulatory Commission (FERC) begins to study transmission reform, a new report out today from ICF Resources and the American Council on Renewable Energy (ACORE) highlights the problem with transmission cost allocation today.
The study essentially found that while the entire power system typically benefits from significant transmission upgrades, new wind and solar projects are being asked to foot nearly the entire bill when they want to connect to the grid. The analysis, [...]
By Jonathan Spencer Jones, Smart Energy International
Helix Power Corporation is seeking seed capital from investors to advance its patented flywheel short-term energy storage technology.
The Massachusetts-based start-up is aiming for a minimum of $500,000 and up to $1.07 million to build out and commercialize its technology.
The minimum investment requirement is $1,000 and key terms are an interest rate of 5% over 24 months and a valuation cap of $10 million.
Investors who inve [...]
GM’s self-driving electric vehicle company, Cruise, will purchase renewable energy credits from two California solar farms, the company announced this week.
The ‘Farm to Fleet’ initiative allows Cruise — which owns and operates its own EV charging infrastructure — to directly purchase renewable energy credits to power its fleet in San Francisco. In 2019, the company pledged to power its fleet with 100% renewable energy.
“Farm to Fl [...]
We are six months away from PJM and ISO-NE filing their compliance plans for FERC Order 2222. CAISO and NYISO already filed their plans because they didn’t seek an extension. MISO and SPP compliance plans are due in April 2022. If renewable developers want to engage in RTO committees on Order 2222, now would be the right time to participate. At least 3 issues are ripe for RE developer participation because they hit on the revenue streams offered in Order 2222. Net metered solar eligibilit [...]
Energy storage developer Ambri announced a $144 million financing round, backed by India’s Reliance New Energy Solar Ltd, Paulson & Co. Inc, and the company’s largest shareholder, Bill Gates, among others.
The funds will be used to finance and commercialize Ambri’s daily cycling, long-duration system technology and to build a domestic manufacturing facility, the company said in a press release. Ambri’s mission is to meet the needs of the grid-scale energy storage market and indust [...]
The U.S. Senate approved a $1.2 trillion bipartisan infrastructure bill Tuesday that includes $550 billion in new spending. Every Democrat voted in favor of the bill, along with 19 Republican senators.
The package moves on to the U.S. House where some progressive members have voiced concerns about the bill. In combination with a $3.5 trillion budget reconciliation package – a process that doesn’t require any Republican support – the infrastructure package is viewed by renewable ene [...]
Contributed by Ben Paulos
Last summer’s record heat waves triggered a surge in power demand that maxed out supplies and led to outages across the West. This summer has brought renewed challenges though not (yet) as intense.
But rising temperatures from climate change are just one challenge. California and other states are pushing to use clean electricity to power vehicles and buildings to cut carbon, which will increase demand. And the state’s last nuclear power plant [...]
A new report released by research company IHS Markit explains the role gas can play in the transition to net-zero.
The report, A Sustainable Flame: The Role of Gas in Net Zero, states that gas has a significant part in both the near-term and long-term energy decarbonization targets owing to the ability of existing infrastructure to be converted to carry low-carbon fuels including ammonia, hydrogen, synthetic methane, and renewable natural gas.
The report states that more emphasis is need [...]
Contributed by Alexander James
Capable of recording key wind characteristics such as speed and direction up to and above 200 meters vertical height, her special skills meant #106 was always destined to be a traveler and it wasn’t long before she spread her wings. Within a few weeks, she had traded her first home for a far sunnier climate and was on her way to Athens and her new name.
Now known as Eunice, one of the mythical Nereides sea nymphs of Greek legend, her first stop was the head [...]
August is often seen as the end of something, whether it’s winter in the southern hemisphere or summer in the north. It’s the return to school for some and the last call for a vacation to others.
August, author Sue Monk Kidd wrote, is the “griddle where days just lay there and sizzle.” Hot, hot, hot.
The Clarion Energy series is trying to keep the griddle going this coming month with several key and informative industry webcast presentations. From T&D to on-site power and distr [...]
Natel Energy announced a $20 million funding round, led by Breakthrough Energy Ventures (BEV) and supported by Chevron Technology Ventures, to build momentum in deploying its flagship product, the Restoration Hydro Turbine (RHT).
“As more solar and wind power solutions are deployed, the role of hydropower will become increasingly important due to its inherent reliability, flexibility, and ability to integrate other renewables onto the grid,” said Carmichael Roberts, BEV. “Natel’s Rest [...]
The U.S. Energy Storage Association intends to merge with the American Clean Power Association in a move to spearhead transformative growth for renewable energies.
The merger would unify groups representing wind, solar, storage and transmission companies within the membership.
“Our Board sees the merger with ACP as a powerful new chapter for our industry and a pathway to achieving 100 GW of new energy storage by 2030,” said Kiran Kumaraswamy, the Vice President of Market Applications a [...]
A joint venture owned by utility giant National Grid has secured $150 million in new credit to help grow its renewable energy investment over the coming years.
Emerald Energy Venture LLC secured its $150 million portfolio revolving facility structured by SMBC, which is also lead arranger and agent. The portfolio revolver can be expanded to $250 million midway through next year.
The new credit will allow National Grid’s EEV to fund construction of solar, battery storage and wind projects [...]
Our new report finds that installing rooftop solar panels and community solar systems to serve the equivalent of 30 million American homes would create significant economic benefits — including 1.77 million jobs and $69 billion electricity bill savings over the next five years — while addressing the climate crisis and historic inequities.
The report, “The National Impact of 30 Million Solar Homes: A Vision for an Equitable Economic Recovery Built on Climate Protection and Ener [...]
U.S. Secretary of Energy Jennifer M. Granholm today announced the U.S. Department of Energy’s (DOE) goal to reduce the cost of grid-scale, long-duration energy storage (of which pumped storage hydro is the largest source) by 90% within the decade.
The second target within DOE’s Energy Earthshot Initiative, “Long Duration Storage Shot” sets goals to accelerate breakthroughs that store clean electricity to make it available anytime, anywhere and support more abundant, affordable and [...]
New rules give developers a longer window during which to complete projects in order to qualify for tax credits on projects.
On Tuesday, the Treasury Department and the Internal Revenue Service (IRS) issued guidance that extends safe harbor provisions for renewable energy projects in order to address impacts from the COVID pandemic.
The revisions, which are retroactive, do the following:
Extends the placed-in-service safe harbor to six years for projects that began const [...]
Crews have started work installing the first energy storage battery units at Florida Power & Light’s massive Manatee Energy Storage Center.
The utility says FPL Manatee Energy Storage Center will be the biggest solar power-battery storage facility in the world when operational. The Parrish, Fla., center will have 400 MW of output and 900MWh of capacity, enough to power about 329,000 homes for more than two hours, according to the release.
It is expected to be completed late [...]
By Bill Ireland, Logan Energy
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015 Paris climate agreement and ensure meaningful progress is made towards tackling our net zero targets and the climate emergency.
Hydrogen is one of the energy solutions that can significantly address climate change and has a vital role to play in decarbonization. In the last decade, green hydrogen in particular has shown great promise as [...]
Transmission is key if the US is serious about becoming a nation powered by more renewable energy; new taskforce will work to overcome obstacles and barriers to key infrastructure build-out.
The Federal Energy Regulatory Commission (FERC) and the National Association of Regulatory Utility Commissioners (NARUC) today announced the formation of a joint federal-state task force on electric transmission, which FERC established by order issued today.
Members of this first-of-its-kind task [...]
by Mickey Francis, EIA
In 2020, consumption of renewable energy in the United States grew for the fifth year in a row, reaching a record high of 11.6 quadrillion British thermal units (Btu), or 12% of total U.S. energy consumption. Renewable energy was the only source of U.S. energy consumption that increased in 2020 from 2019; fossil fuel and nuclear consumption declined. Our U.S. renewable energy consumption by source and sector chart (above, larger version here) shows how much renewable [...]
SMC Global Power Holdings Corp. (SMC), a major supplier of power to the national grid in the Philippines, has partnered with ABB to install battery energy storage systems (BESS) as part of its BESS Project.
In countries such as the Philippines, several challenges negatively impact grid performance, such as the length of power lines required to connect the diverse archipelago, as well as intermittent energy supply from wind and solar, which needs storage to act as a frequency regulator. The BE [...]
Tracking SDG7: The Energy Progress Report says that during the past decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased. Unless efforts are scaled up significantly in countries with the largest deficits, the world will still fall short of ensuring universal access to affordable, reliable, sustainable and modern energy by 2030.
The report was released by the International En [...]
Dallas-based Leeward Renewable Energy is acquiring Indiana wind and solar projects from the original developer.
Tri Global Energy is selling close to 2,000 MW of renewable generating capacity to Leeward. Both projects are based in Blackford County, Indiana, and were developed by Tri Global beginning in 2019.
Blackford Wind will be capable of delivering up to 200 MW, and Blackford Solar will be capable of up to 150 MW. The projects combined are expected to produce enough energy to power mor [...]