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 Alaska, a novel approach to climate strategy is gaining traction: reducing the prison population. Advocates argue that addressing the high incarceration rates can play a crucial role in mitigating climate change. This perspective reflects a broader understanding of how social justice and...
As Hurricane Helene churned through the Atlantic in September, its formidable presence served as a stark reminder of the intensifying effects of climate change. This hurricane, along with others in a tumultuous storm season, has thrust climate change back into the spotlight of the presidential...
New England is setting ambitious goals to enhance its offshore wind energy capacity with the introduction of a groundbreaking 100-hour battery storage system. This innovative approach is part of a broader strategy to address the intermittency of renewable energy sources and ensure a reliable and...
The SouthCoast Wind project, a major offshore wind initiative set to deliver clean energy to the New England grid, has encountered significant delays as contract negotiations stretch into their third extension. The project, located south of Martha’s Vineyard and Nantucket, has already been...
New York is one step closer to bringing offshore wind power to the city’s grid with the recent approval of transmission infrastructure for the Empire Wind 1 project. The New York State Public Service Commission (PSC) granted final approval for the construction and operation of the offshore...
The SouthCoast Wind project, a major offshore wind initiative set to deliver clean energy to the New England grid, has encountered significant delays as contract negotiations stretch into their third extension. The project, located south of Martha’s Vineyard and Nantucket, has already been...
GE Vernova, a leading global energy technology company, has announced a significant agreement with renewable energy developer RWE to provide over 100 of its advanced wind turbines to two major wind farms in Texas. The deal, which includes the delivery of 109 turbines to the Honey Mesquite wind farm...
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...
The Coastal Virginia Offshore Wind (CVOW) project, one of the United States’ largest offshore wind developments, has encountered an increase in its projected costs, but it remains on track to meet its scheduled completion by the end of 2026. The project, spearheaded by Dominion Energy, is set...
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...
