In a significant move for the renewable energy landscape, RWE, a leading global energy company, has announced the addition of 450 megawatts (MW) of battery energy storage capacity in Texas. This expansion underscores the growing importance of energy storage solutions in enhancing grid reliability and supporting the integration of renewable energy sources. As the demand for clean energy continues to rise, RWE's investment reflects a broader trend in the energy sector toward more resilient and...
Distributed energy resources (DERs) can benefit the power system and individual homes and businesses. DERs can increase the resiliency and reliability of the power grid, reduce greenhouse gas emissions, reduce the overall power cost, and provide power at the point of use. Several types of DERs can...
Currently, the power industry is experiencing profound changes that pose a number of uncertainties for electric utilities. Now, utility executives must consider new business models, become acquainted with new industry participants, and understand the new roles emerging for technology, customers,...
Novonix, an Australian battery materials and technology company, has secured a conditional commitment for a $754.8 million loan from the U.S. Department of Energy (DOE) to construct a synthetic graphite manufacturing facility in Chattanooga, Tennessee. This facility is poised to become the first...
Utilities worldwide have been on a roller-coaster ride, and an often painful one, over the past decade. Despite the sharp growth in global demand for electricity, many utilities have lost value or posted below-average returns. A McKinsey analysis of 50 major publicly listed utilities from Asia,...
Alliant Energy has officially brought Iowa’s largest solar facility online, marking a significant milestone in the state's renewable energy landscape. The 200-megawatt (MW) Pleasant Creek Solar project, located in Linn County, is now operational and supplying clean electricity to Alliant...
Texas is at a pivotal crossroads in its energy policy, with legislative actions that could significantly reshape the state's electricity landscape. A recent report by Aurora Energy Research, commissioned by the Texas Association of Business, warns that proposed restrictions on renewable energy...
Duke Energy Florida has announced plans to build four new utility-scale solar energy facilities across the state, aimed at adding 300 megawatts (MW) of renewable energy to the grid. This expansion is part of the company’s broader strategy to increase its solar generation capacity and...
The Federal Energy Regulatory Commission (FERC) has launched a review of the rules surrounding the colocation of large energy consumers, such as data centers, with power plants within the PJM Interconnection region. This review follows concerns raised by stakeholders, including major energy...
The Federal Energy Regulatory Commission's (FERC) failure to act on ISO New England's (ISO-NE) proposed interconnection reforms is raising alarms, as it could prevent up to 3 gigawatts (GW) of new resources from participating in the region's upcoming capacity auction. The delay, if unresolved,...
Puerto Rico's electric utility, LUMA Energy, recently revealed plans to integrate nearly 1 GW of renewable energy and over 700 MW of energy storage into the island’s power grid. This initiative is part of a broader effort to move away from fossil fuels and to enhance the resilience and...
