In recent years, the U.S. energy landscape has been undergoing a dramatic transformation, characterized by significant shifts in investment patterns across renewable energy sectors. According to a recent BloombergNEF report, U.S. investment in wind energy has soared, while solar energy investment has seen a noticeable stagnation. This divergence highlights broader trends within the renewable energy sector and underscores various factors influencing these dynamics.
Wind Energy Investment on the Rise
The BloombergNEF report reveals a remarkable...
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...
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...
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...
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...
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...
