The Public Utility Commission of Texas (PUCT) has unanimously decided to shelve the proposed $1 billion Performance Credit Mechanism (PCM) for power generators, concluding that it would not deliver the anticipated grid reliability benefits.
The PCM was conceived as a means to incentivize power generators within the Electric Reliability Council of Texas (ERCOT) market to be available during periods of grid stress. This initiative emerged in the aftermath of Winter Storm Uri in February 2021,...
As the solar energy sector continues to expand rapidly, the conversation around domestic manufacturing capabilities has gained urgency. With ongoing supply chain disruptions and geopolitical tensions affecting global trade, the idea of establishing a fully domestic solar supply chain in the United...
When it comes to renewable energy job creation, the Trump administration would do well to take a fresh look at clean energy rather than focusing only on fossil fuels. The solar power sector employed twice as many workers in 2016 than power generation from coal, gas and oil combined, according to a...
In a strategic move to tackle the growing electricity demand and bolster energy security, the U.S. Department of Energy (DOE), under Secretary Chris Wright, has announced plans to focus on expanding baseload and dispatchable power generation. This shift in priorities, outlined on January 5, 2025,...
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...
The "Solar For All" program, which was designed to bring affordable solar energy to low-income communities across the United States, is now facing significant challenges after a pause in funding imposed by the Trump administration. This program, which was part of the Biden administration’s...
In a strategic move to tackle the growing electricity demand and bolster energy security, the U.S. Department of Energy (DOE), under Secretary Chris Wright, has announced plans to focus on expanding baseload and dispatchable power generation. This shift in priorities, outlined on January 5, 2025,...
Pacific Gas and Electric Company (PG&E), a major utility serving Northern and Central California, has secured a conditional $15 billion loan guarantee from the U.S. Department of Energy's (DOE) Loan Programs Office. This funding aims to enhance PG&E's hydropower generation, battery storage...
A coalition of large energy consumers and ratepayer advocates has filed a complaint with the Federal Energy Regulatory Commission (FERC), urging the agency to prohibit transmission owners from independently planning "local" transmission projects exceeding 100 kilovolts (kV). The coalition argues...
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...
The Public Utility Commission of Texas (PUCT) has unanimously decided to shelve the proposed $1 billion Performance Credit Mechanism (PCM) for power generators, concluding that it would not deliver the anticipated grid reliability benefits. The PCM was conceived as a means to incentivize power...
