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...
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...
Battery fires in large-scale energy storage systems (BESS) have raised concerns, but a recent review by the American Clean Power Association (ACP) found that such incidents pose only minor environmental risks. According to a third-party analysis of U.S. battery fires since 2012, these fires did not...
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...
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...
Michigan is accelerating its transition to renewable energy, aiming to generate 60% of its electricity from clean sources by 2030. This ambitious goal is part of a broader strategy to achieve 100% clean energy by 2040, as outlined in the MI Healthy Climate Plan. To meet these targets, developers...
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...
Battery fires in large-scale energy storage systems (BESS) have raised concerns, but a recent review by the American Clean Power Association (ACP) found that such incidents pose only minor environmental risks. According to a third-party analysis of U.S. battery fires since 2012, these fires did not...
In the wake of the tumultuous political climate during Donald Trump's presidency, scientists across the United States have expressed deep concern about the potential loss of crucial climate data. These fears emerged from a broader apprehension that, in the midst of political upheaval, the progress...
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...
