In a strategic move aimed at enhancing its power supply reliability, FirstEnergy is actively exploring alternatives to the PJM capacity market. This development reflects the company’s proactive approach to addressing challenges within the existing market structure and ensuring a more robust and resilient energy supply for its customers.
Understanding the PJM Capacity Market
The PJM capacity market, administered by PJM Interconnection, is a critical component of the region’s electricity market, which spans parts of the...
In a significant move for Pennsylvania’s energy sector, State Senator Gene Yaw has introduced a transformative piece of legislation aimed at modernizing the state's approach to power plant development and capacity management. The bill, which has been the subject of considerable discussion,...
In a landmark move aimed at accelerating the U.S. transition to a more resilient and sustainable energy grid, the Department of Energy (DOE) has announced a groundbreaking investment of $2.2 billion in innovative transmission and energy storage projects across 18 states. This significant funding...
In a significant shift in its renewable energy strategy, New Jersey has recently decided to cancel its plans to award a fourth offshore wind farm project. The decision marks a crucial moment in the state’s ongoing efforts to expand its offshore wind sector, which has long been hailed as a...
Philadelphia-based ConnectDER has raised $35 million in a Series D funding round, led by Decarbonization Partners, a venture fund established by BlackRock and Temasek. This significant investment will enable the company to scale its market presence, enhance manufacturing capabilities, and...
In a significant shift in its renewable energy strategy, New Jersey has recently decided to cancel its plans to award a fourth offshore wind farm project. The decision marks a crucial moment in the state’s ongoing efforts to expand its offshore wind sector, which has long been hailed as a...
New York State's transition to a clean, zero-emissions energy grid could include up to 8.5 gigawatts (GW) of grid flexibility by 2040, according to a new report from the Brattle Group. This projection, while contingent on achieving ambitious decarbonization goals, illustrates how the state could...
Ottawa's cherished ice fishing season is experiencing a significant contraction, primarily due to the escalating impacts of climate change. Traditionally spanning from early January to mid-March, the season now faces unpredictable ice conditions, posing challenges for both enthusiasts and local...
Whales, the majestic giants of the ocean, have long captivated human imagination. Beyond their grandeur, these marine mammals are now providing scientists with invaluable insights into climate change, offering a unique perspective on the health of our planet. Whales as Climate Change...
In December 2024, President Joe Biden's administration set an ambitious target to reduce U.S. greenhouse gas (GHG) emissions by 61% to 66% by 2035, compared to 2005 levels. This goal aligns with the Paris Agreement's framework, which requires participating nations to update their emission reduction...
The rapid shift toward renewable energy resources (RERs) has placed significant demands on traditional power systems. To address these challenges, modern energy infrastructure is evolving into smart grids, leveraging advanced technologies like Virtual Power Plants (VPPs) to enhance grid...
