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November 19, 2024

Inflation Reduction Act (IRA)

EEI/BloombergNEF
BCSE Factbook: Clean Energy Transition ‘Hardwired’ in US Economy
The U.S. clean energy transition hit new highs in 2022 in terms of renewable energy and storage deployed, says the Business Council for Sustainable Energy.
Shutterstock
DOE Announces $2.5B for Carbon Capture Projects
DOE is targeting the dirtiest and hardest-to-decarbonize electric power and industrial plants with $2.5 billion for "transformative" carbon capture projects.
PSEG
PSEG CEO Says Need for ‘Predictability’ Drives OSW Sale
PSEG's CEO said the utility is exiting offshore wind but sees potential in keeping its nukes alive now that they are eligible for federal tax credits.
Oregon Dept. of Energy
Oregon Looks to Turn up Tap on Federal Clean Energy Funding
Oregon is eligible for hundreds of millions of federal dollars for electrification, EE and grid resilience, but has received just $200,000 so far.
Mitsubishi Power
Mitsubishi: IRA Tax Credits Key to Clean Hydrogen
The tax credits provided by the IRA are key to the development of major clean hydrogen projects and seasonal hydrogen storage, Mitsubishi Power Americas said.
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How to Quicken Transmission Development Discussed at NARUC
Electric transmission projects move too slowly, Maryland Public Service Commission Chairman Jason Stanek said at NARUC's Winter Policy Summit on Monday.
IEA
IEA: Renewables to Provide 90% of World’s New Power Generation
Ninety percent of new generation built to meet global electricity demand over the next three years will be renewables and nuclear, according to a new report.
Navisun
NJ Gov., Lawmakers Move Toward Updated Clean Energy Goals
New Jersey officials are updating the clean energy strategy that steered the state to becoming one of the most aggressive carbon reducers in the nation.
Ford
Treasury Updates EV Tax Credit Vehicle Classifications
The U.S. Treasury Dept. updated its IRA qualification guidelines to base vehicle classifications on the model information listed on the car’s price sticker.
Energy Innovation
Report: IRA Makes Renewables Cheaper than Virtually All US Coal Plants
A new report found that nearly all coal plants studied “are more expensive to run than replacing their generation capacity with either new solar or wind.”

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