Generation & Fuels
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Facing a 40% hike in electricity demand by 2030, New Jersey needs to rapidly craft a plan on how to boost generation and develop its transmission and distribution system, speakers at a conference on the state’s energy future said.
Rystad Energy expects capacity additions to reach 19 GW and expenditures to reach $80 billion — substantially more than the roughly 8 GW and 10 GW seen in 2024 and 2023, respectively.
A Brattle Group study found that New York could achieve 8.5 GW in “grid flexibility” measures by 2040, saving consumers more than $2 billion a year.
House Bill 1018 would allow developers of fusion projects to approach either the Washington state government or appropriate county government for permission to build on a parcel of land in the state.
While the majority of IRA tax credits and incentives have gone to develop clean energy projects in Republican districts and states, House leadership leans heavily toward fossil fuel-producing states,
Another mature offshore wind project is facing financial write-downs and a potential yearslong delay in the wake of the Trump administration’s moves to shut the sector down.
Holtec has set a 2030 target for commercial operation of two small modular reactors to be built beside the large nuclear plant it is working to restart in Michigan.
Public Service Enterprise Group saw an “over-12-fold” increase in mature leads and inquiries from customers exploring “large load and data center projects” over the past year, CEO Ralph LaRossa said in the utility’s fourth-quarter earnings call.
The future of geothermal energy was the focus of a panel discussion hosted by the Atlantic Council in D.C.
The U.S. Energy Information Administration projects 2025 additions of 32.5 GW of solar, 18.2 GW of storage, 7.7 GW of wind, 4.4 GW of gas and 0.2 GW of all other forms of generation.
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