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The IRS has issued final clean hydrogen tax credit rules that balance the contentious and complicated matter well enough that industry and environmental advocates both can find something positive in the details.
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The direction FERC takes during President-elect Donald Trump’s second term is up in the air, but the commission may spend some of its time attempting to cut costs to consumers.
Grid Status
Answering the question isn’t easy, according to CAISO staff and other electric industry experts, who say that while batteries are having a notable impact, several factors complicate the narrative that they’re displacing gas on the grid.
CS WIND Offshore
President-elect Trump said he would halt offshore wind power development, but how big of an impact he will have on the industry remains to be seen.
Constellation Energy Corp.
A first-of-its-kind power purchase agreement will send more than 10 million MWh of power to federal buildings and help Constellation Energy increase the output from its nuclear fleet.
Equinor
Equinor has closed on the finances for Empire Wind 1, a major milestone for a New York project expected to accrue $5 billion in capital costs over the next few years.
The White House
As they prepare to leave office, Biden administration officials remain confident that IRA funds already committed by DOE will be impossible to claw back by the incoming Trump administration.
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Renewable energy industry analysts, representatives and environmental advocates say New York is in a better position than many others to make progress on its renewable energy goals during a second Trump administration.
ICF
A new report on the Inflation Reduction Act finds that the IRA could boost the U.S. GDP by $1.9 trillion over the next decade.
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Vineyard Offshore no longer plans to proceed with its bid for the 1,200-MW Vineyard Wind 2 project following Connecticut’s decision not to buy power from the project.
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