Industry News & Trends

Electric Transportation News

DOE Grants $2.2B for Transmission and Storage Projects

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...

FirstEnergy Explores Alternatives to PJM Capacity Market

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...

Climate Change News

FBI Warns of Cyber Risks as Renewable Energy Grows

As the adoption of renewable energy technologies accelerates across the globe, the FBI has issued a stark warning about the increasing cyber risks associated with these advancements. The rise in renewable energy infrastructure, while crucial for achieving climate goals, has also attracted the...

Earth's Lands Drying Out: Nations Address Crisis

This week, global leaders are gathering for critical talks aimed at addressing one of the most pressing environmental crises of our time: the increasing dryness of Earth’s lands. Climate change, overexploitation of water resources, and unsustainable agricultural practices have been...

Utility News

Nova Scotia to strip private utility of control over power grid access, appoints new energy regulator

In a significant overhaul of its energy management system, Nova Scotia is set to remove the private utility's control over access to the power grid. This move, announced by Natural Resources Minister Tory Rushton, comes in the wake of recommendations from the Clean Electricity Task Force. The aim...

US Households Claim $8.4B in Energy Tax Credits

In a significant boost for the clean energy sector, U.S. households claimed a record $8.4 billion in tax credits for energy efficiency and clean energy improvements in 2023, according to a recent Treasury Department report. This substantial uptake of tax incentives underscores a growing commitment...

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Funding Freeze Clouds Solar For All's Future

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 Inflation Reduction Act (IRA), had initially been expected to distribute $7 billion in grants and loans to support solar installations in underserved areas. However, the recent funding freeze has left the future of...