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February 24, 2024

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Dominion Energy
Dominion Sells 50% of Coastal Virginia Offshore Wind to Stonepeak
Dominion Energy reported earnings of $2 billion in 2023 and announced that it has closed on an equity partner for its Coastal Virginia Offshore Wind project. 
Worldview Films
Avangrid Avoids Major Offshore Wind Losses
Avangrid reported a year-over-year decrease in income but said a timely pause in its offshore wind projects saved it from write-offs that could have run into the billions.
State of Nevada
Nevada Draft Climate Plan Outlines GHG-reduction Priorities
Nevada's Division of Environmental Protection received a $3 million federal grant to develop the strategy, known as the Priority Climate Action Plan.
National Press Club
Granholm Praises Impact of US Clean Energy Industrial Policy
Clean energy policies funded by the IRA and IIJA have been key to the U.S. economy’s strong performance, Energy Secretary Jennifer Granholm said at the National Press Club.
Shutterstock
US Needs More Renewables to Meet IRA Emissions Goal, Report Finds
A new report finds that U.S. zero-emission vehicle sales meet industry expectations set upon passage of the IRA but utility-scale clean electricity expansion fall short.
Friends of Sears Island
Maine Chooses Nature Preserve for Floating Wind Port
Sears Island on Maine’s central coast is the preferred site for a port to support the offshore wind farms state leaders hope will be built nearby. 
Ørsted
Oceantic Recaps Glum 2023, is Optimistic for OSW in 2024

The industry gyrations of 2023 have put near-term U.S. offshore wind goals out of reach, but the sector will rebound, its trade organization reports.

Washington Senate Democrats
Wash. Lawmakers Propose Credits to Defray Cap-and-invest Costs

Washington legislators are proposing to give the state’s utilities $150 million to be rebated back to residents to help them defray costs associated with the state’s cap-and-invest program.

EIA
Fossil Retirements to Slow Briefly as Solar and Storage Proliferate
The U.S. Energy Information Administration reports that fossil fuel generation retirements will slow in 2024 and that solar and storage will dominate capacity additions. 
NJ DEP
NJ Launches Electric School Bus Program With Bidirectional Incentives
New Jersey does not allow electric buses to send electricity directly to the grid, but a program offers up to $50,000 in additional support for projects that use a “vehicle-to-building” strategy.

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