The company expects a lower total growth of power sales leading up to 2030 because of the revised strategy, which led it to modify its net carbon intensity target for the end of the decade.
A recent pilot by Veolia in the UK could lead to a future where electric trucks can feed energy back into the grid rather than just paying for it. But the U.S. market is still in the early stages of incorporating EV technology.
Projects in sectors like batteries and solar panels will create 4,400 jobs across 11 states.
The completion of Ørsted and Eversource’s 130-MW project gets New York closer to its goal of deploying 9 GW of offshore wind by 2035.
Nearly 60% of the generation that could shutter is deemed “uneconomic,” but capacity prices and other factors could change, potentially easing the risk, the grid operator’s market monitor said.
NuScale signed an agreement in October with data center provider Standard Power for two SMRs and has eight funded projects with petrochemical industry partners.
The money will go toward constructing processing facilities at Lithium Americas' upcoming project, expected to produce 40,000 tons of the material a year beginning in 2027.
Satisfying demand for green hydrogen would require about 700 GW of new renewable energy, according to analysis by The Brattle Group.
Regulatory and policy changes will be necessary for targeted electrification and gas decommissioning to achieve a scale that would support meaningful cost savings for gas ratepayers.
The proposed funding for transmission projects comes a month after Pacific Gas & Electric increased its five-year capital spending plan by 20%, to $62 billion.