Energy Management News
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Vertex Energy Provides Operational Update for First Quarter 2024
Benjamin P. Cowart, President and CEO of Vertex, stated, “We delivered or exceeded our guidance in the first quarter of 2024, coupled with improved crack spreads, lower operating expense and lower capital spending, providing Vertex with a solid foundation to begin the year. We continue to focus on margin efficiency while we look to opportunistically ramp up our production rates and better ...
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Customer-Powered Grid® Survey Finds Energy Strategy Increasingly Linked to Carbon Reduction Goals
CPower Energy, a leading, national distributed energy resource (DER) monetization and virtual power plant (VPP) provider, this week announced the results of its annual Customer-Powered Grid® Survey. Understanding the drivers of VPP participation is vital to meeting the U.S. Department of Energy’s target to triple VPP deployment by 2030, which would improve grid reliability while ...
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DOE Reduces Regulatory Hurdles For Energy Storage, Transmission, and Solar Projects
The U.S. Department of Energy is amending its list of categories of projects which, because they typically do not have significant environmental impacts, qualify for the simplest form of environmental review under the National Environmental Policy Act (NEPA). DOE is simplifying the environmental review process for certain energy storage systems such as battery systems, transmission line upgrades, ...
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New Report Charts Global Growth of EVs: 2024 Sales Set to Reach 17 million
Despite near-term challenges in some markets, based on today's policy settings, almost 1 in 3 cars on the roads in China by 2030 is set to be electric, and almost 1 in 5 in both United States and European UnionMore than one in five cars sold worldwide this year is expected to be electric, with surging demand projected over the next decade set to remake the global auto industry and significantly ...
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Arizona’s Largest Battery is Now Operating on SRP’s Power Grid
Salt River Project (SRP) and NextEra Energy Resources, LLC, this week announced Arizona’s largest operational battery energy storage system is now online. Sonoran Solar Energy Center is a 260-megawatt solar facility with the ability to charge a 1 gigawatt-hour battery energy storage system, located south of Buckeye, Arizona. The solar and battery storage system is adding clean energy to the grid ...
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New Steps Forward to Support New York’s Clean Energy Industry
NY Governor Kathy Hochul this week announced definitive steps in support of the growing clean energy industry in New York and the State’s 10-Point Action Plan. As part of the next phase of the State’s $500 million commitment to offshore wind supply chain activities, a $200 million Supportive Manufacturing and Logistics Request for Proposals is now open to support investments in infrastructure and ...
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Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of 2.5 times relative to 2023. Alliance members’ joint renewables ambition was announced alongside a grid infrastructure action plan.The plan, revealed at the 14th Assembly of the International Renewable ...
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Grid Reliability and Integrated Data (GRIData) Act Introduced in Congress
U.S. Senators Martin Heinrich (D-N.M.), Ron Wyden (D-Ore.), and Alex Padilla (D-Calif.) this week introduced two bills to bolster the nation’s power grid by improving data and models to better understand and predict electric reliability.More granular data is needed to better understand weather impacts on energy resources and demands, especially as extreme weather events exacerbated by climate ...
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U.S. Announces First Projects Receiving Clean Energy Manufacturing Investments
The U.S. Department of Energy this week (April 19) released details for 35 projects across 20 states that voluntarily shared with DOE they received a total of $1.93 billion in allocations of the Qualifying Advanced Energy Project Credit (48C). 48C is an allocated tax credit funded by President Biden's Investing in America agenda through the Inflation Reduction Act, aimed at accelerating clean ...
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GM Energy Rolls Out Vehicle-to-Home Product Suite
Available for the first time as part of its expanding product ecosystem, GM Energy’s initial offerings for residential customers will enable the use of vehicle-to-home (V2H) bidirectional charging technology to provide power from a compatible GM EV to a properly equipped home. This is intended to help mitigate the negative impacts of weather-related outages and integrate with future clean energy ...
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