Department of Energy invests $60M into three enhanced geothermal projects
Maneuvering to expand geothermal energy capabilities, the U.S. Department of Energy (DOE) announced three demonstration projects this week to receive up to $60 million in exchange for displaying the efficacy and scalability of such systems. With funding from the Biden administration's Bipartisan... Read More »Pacific Power dispenses more than $2M for electric mobility projects
In Oregon, 22 organizations recently benefited from more than $2 million in Electric Mobility Grants awarded by Pacific Power, as a way to expand the number of people benefiting from electric vehicles in-state. “Pacific Power is committed to delivering a sustainable future for our state while ... Read More »Eversource to sell its stake in Revolution Wind and South Fork Wind to GIP
Eversource Energy is selling its 50 percent ownership share in South Fork Wind and Revolution Wind to Global Infrastructure Partners (GIP). The transaction will generate approximately $1.1 billion of cash proceeds for Eversource upon closing in mid-2024. Eversource plans to use the proceeds from... Read More »Illinois utilities regulator puts the screws to state’s IOUs during crucial time, experts say
A decision recently made by the Illinois Commerce Commission (ICC) ultimately will disrupt investment in Illinois, raising the cost of capital for investor-owned utilities (IOUs) that want to upgrade the electric grid and increasing costs for consumers, say experts. Further, they add, utility pro... Read More »Recurrent Energy to support Microsoft solar needs in Louisiana with newly financed 127 MW project
Canadian Solar Inc. subsidiary Recurrent Energy said recently it secured $160 million in project financing for its 127 megawatt (MW) Bayou Galion Solar project in Louisiana, and that Microsoft Corporation will purchase 100 percent of the site’s energy and renewable energy credits. Development... Read More »Exelon names new COO and new CEO at PECO subsidiary
Chicago-based Exelon recently announced that the current CEO and president of its subsidiary PECO, Mike Innocenzo, will take on a new position as executive vice president and COO at Exelon itself. Innocenzo will oversee all utility operations for Exelon, as well as the CEOs of its various subsidi... Read More »NREL publishes research on benefits and challenges of heat pumps
Research by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) found that the high cost of installing heat pumps put them out of reach for most Americans., despite their benefits. The findings, published in the journal Joule, examines the costs and benefits of air-source ... Read More »DOE sets deadline for applications for its wind and solar tax credit program
The U.S. Department of Energy (DOE) will stop accepting new applications on Feb. 29 for the 2023 program year of the Low-Income Communities Bonus Credit program, which provides tax credits in low-income communities for wind and solar facilities. Until then, applications will continue to be accepted... Read More »Willie L. Phillips, Jr.