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...
Distributed generation resources takes a giant step forward BY KEN GEISLER, Siemens For the majority of its existence, the electrical grid has been powered with large, remote “centralized” generation. Centralized power plants often need to reach substations serving load centers that...
With a fast-growing global population and increasing levels of industrialization, demand for electricity is expected to soar 60 percent between now and 2040. That means power grids will be called on to transmit more power, more efficiently. And to do so, they’ll have to adapt to an evolving...
Often when project developers talk about the cost of a new power plant, wind farm, or solar installation, they’re referring to the capital cost of building a facility. Certainly those development costs have dropped over time—especially for wind and solar. But developers overlook the...
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...
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...
As the U.S. strives to strengthen its domestic renewable energy sector, ES Foundry, a new player in solar cell manufacturing, is helping to reshape the landscape. The company recently celebrated the grand opening of its cutting-edge facility in South Carolina, marking a significant step toward...
Sunnova, a prominent player in the residential and commercial solar industry, has recently announced a game-changing partnership with OpenSolar, a software company that provides a robust platform for solar installers. This new collaboration aims to leverage artificial intelligence (AI) to enhance...
As the U.S. energy landscape shifts towards cleaner, renewable sources, stakeholders in the solar, storage, and broader clean energy sectors are intensifying their lobbying efforts in Washington, D.C., aiming to secure the future of critical tax incentives introduced under the Inflation Reduction...
NuVision Solar, an American-owned and operated manufacturer of solar cells and modules, has announced its entry into the North American market. This strategic move aims to bolster domestic solar manufacturing and reduce reliance on imported solar components. Background The U.S. solar industry has...
In December 2024, the U.S. Department of Energy (DOE) announced funding to support community-led geothermal projects, aiming to enhance local energy resilience and promote equitable access to renewable energy. This initiative underscores the DOE's commitment to empowering communities in the...
