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December 27, 2024

Federal Policy

The White House
Biden Announces $7B in IRA Funds for Low-income Solar
President Joe Biden announced $7 billion in funding from the Inflation Reduction Act, to be used by states and nonprofits across the country to install solar in low-income and disadvantaged communities. 
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The Future of Natural Gas with Growing Demand and Climate Targets
A DOE report on resource adequacy says firms investing in natural gas capacity could be retrofitted with carbon capture and storage, or the ability to burn clean hydrogen.
BloombergNEF
BNEF Summit Focuses on Financing Energy Transition, Fast and Slow
Global investment in passenger electric vehicles was up 36% in 2023, investment in energy storage jumped 77%, and investment in carbon capture and storage nearly doubled.
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Northeast States Apply for Federal Money for 2 Tx Projects
The six New England states have submitted two applications for federal funding for transmission projects aimed at improving grid reliability and enabling the interconnection of clean energy resources.
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FERC OKs Pipeline Expansion Despite West Coast States’ Opposition
FERC rejected rehearing requests on the expansion of the Gas Transmission Northwest pipeline’s capacity into the Northwest over three states’ objections and Commissioner Allison Clements’ dissent. 
DOE
DOE Issues Transmission Interconnection Roadmap
The DOE issued a roadmap to speed interconnection of new clean energy generation projects to the grid and clear the backlog of proposed renewable energy projects waiting in the queue.
DOE
DOE Report Highlights Benefits of Advanced Grid Technologies
Advanced grid technologies can help expand the grid quickly and relatively cheaply, according to a new report from the U.S. Department of Energy.
Senate ENR Committee
Granholm Defends DOE’s 2025 Budget at Senate Hearing
Energy Secretary Jennifer Granholm defended her department’s $51 billion budget proposal for FY25 before hostile Republicans on the Senate Energy and Natural Resources Committee.
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EPA Rejects Stationary Combustion Turbine Emissions Request
EPA rejected an industry petition to exempt stationary combustion turbines from hazardous air pollutant regulations.
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Feds Cut Renewable Costs, Boost Fossil Costs on Public Land
The federal government has finalized rules that will decrease the cost of siting renewable energy generation on public land and increase the cost of leasing it for oil and gas development.

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