Tag: us

Status of US Voluntary Green Power Market: Report

Status of US Voluntary Green Power Market: Report

May 3, 2024 | ,

Voluntary green power, for this report, refers to renewable energy procurement by retail electricity customers above what is otherwise provided by load-serving entities. In this year’s report “Status and Trends in the U.S. Voluntary Green Power Market: 2022 Data” by NREL there are two topics of interest that could affect future trends in the U.S. voluntary green power market. The first topic relates to the emergence of three strategies to match green power procurement to buyers’ electricity demand and the second addresses the implications of the federal Inflation Reduction Act (IRA) for the voluntary green power market. 

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RWE joins forces with WhiteRock to develop gigawatts of US renewable

RWE joins forces with WhiteRock to develop gigawatts of US renewable

April 10, 2024 |

RWE Clean Energy has formed a strategic partnership with renewables developer WhiteRock Renewables (WhiteRock) to scale-up the expansion of RWE’s onshore wind, solar, and energy storage development pipeline in the US. The company is aiming for record growth in the US. This partnership with WhiteRock will help RWE progress on its expansion goals in the US. WhiteRock expects to create and develop 4 to 5 GW of onshore wind, solar, and battery energy storage system (BESS) projects.

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KKR acquires majority stake in Avantus

KKR acquires majority stake in Avantus

March 21, 2024 |

KKR, a prominent global investment firm, has announced the signing of a definitive agreement to acquire a majority stake in Avantus, a premier developer of large utility-scale solar and solar-plus-storage projects in the United States.

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Microsoft to buy power from 110 MW solar project in Illinois

Microsoft to buy power from 110 MW solar project in Illinois

March 19, 2024 |

EDP Renewables North America (EDPR NA) and Volt Energy Utility have recently announced a 110 MW solar project in Illinois, sponsored by software giant Microsoft Corp. The partnership is commencing the development of Hickory Solar Park near Jerseyville, Illinois. Microsoft and Volt Energy have designed an environmental justice power purchase agreement (EJ PPA) form, and Microsoft will purchase power and renewable energy credits (RECs) from the project for a period of 15 years.

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Vestas confirms conditional order for New York offshore wind project

Vestas confirms conditional order for New York offshore wind project

March 6, 2024 |

Vestas has confirmed a previous conditional agreement to provide turbines for Equinor’s 810 MW Empire Wind 1 project, which was successfully rebid in New York’s fourth offshore wind auction. Vestas stated in October 2021 that the project was a part of a larger preferred supplier agreement for the combined Empire Wind 1 and 2 projects.

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Chevron to set up solar-to-hydrogen production project in US

Chevron to set up solar-to-hydrogen production project in US

March 5, 2024 |

Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is developing a 5 MW hydrogen production project in California’s Central Valley. The project aims to create lower carbon energy by utilising solar power, land, and non-potable produced water from Chevron’s existing assets at the Lost Hills Oil Field in Kern County. Reportedly, this low carbon intensity (LCI) electrolytic hydrogen will be produced through electrolysis, which is the process of using electricity to split water into hydrogen and oxygen.

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DTE Energy seeks 1 GW new renewable energy capacity

DTE Energy seeks 1 GW new renewable energy capacity

February 26, 2024 |

DTE Energy, a US utility, is seeking proposals for renewable energy projects totaling approximately 1.075 GW to support DTE Electric’s CleanVision Integrated Resource Plan (IRP); continued demand for the company’s MIGreenPower programme, and Michigan’s new renewable energy standard of 60 per cent by 2030.

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NorthRenew to sell 300 MW hybrid project in Idaho to PacifiCorp

NorthRenew to sell 300 MW hybrid project in Idaho to PacifiCorp

February 20, 2024 |

NorthRenew Energy, a US utility-scale renewable energy producer, has sold its 300-MW-plus Arco Wind and Solar project in southeastern Idaho to utility PacifiCorp, a Berkshire Hathaway Energy subsidiary. NorthRenew recently announced the deal, highlighting that it is the company’s ninth project sale since its founding in 2017.

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Siemens Energy plans to manufacture transformers in US

Siemens Energy plans to manufacture transformers in US

February 14, 2024 |

Siemens Energy has announced plans to start producing transformers in the US in 2025 to meet increased electricity demand. The German energy company intends to establish its first transformer production facility in Charlotte, North Carolina, and expand its power manufacturing facility there, investing $150 million in the process.

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Electricity Outlook for the Americas

Electricity Outlook for the Americas

February 5, 2024 |

Strong growth in renewable power increasingly displaces fossil-fired generation. Electricity demand is estimated to have declined by 0.4% in 2023, largely because of fall in US demand due to milder weather bringing down the average. Due to strong growth in renewables, the share of fossil fuels in electricity generation is expected to fall from 50% in 2022 to 44% in 2026.

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Dominion Energy to start construction of 2.6 GW CVOW project

Dominion Energy to start construction of 2.6 GW CVOW project

January 31, 2024 |

Dominion Energy, a US utility, received the final two regulatory approvals required to begin work on the 2.6 GW CVOW project. Both the US Army Corps of Engineers and the US BOEM granted its clearance. The project’s construction and operations plan, which grants offshore construction activities, has received final approval from the BOEM.

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Carbon Capture and Storage in the United States: Report

Carbon Capture and Storage in the United States: Report

January 5, 2024 | ,

In this report “Carbon Capture and Storage in the United States” developed by the Congressional Budget Office examines the status, federal support, and future potential of carbon capture and storage (CCS). The federal government subsidies the development of CCS technology largely through funding for the Department of Energy

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Enel sells geothermal, solar portfolio to ORMAT in US

Enel sells geothermal, solar portfolio to ORMAT in US

January 5, 2024 |

Enel through its wholly-owned subsidiary Enel Green Power North America Inc. (EGPNA) has finalised an agreement with ORMAT Technologies Inc. on the sale of a renewable asset portfolio for a total consideration of €250 million, subject to customary transactional adjustments in the United States.

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Honeywell to foster decarbonisation of Virgin Islands in the US

Honeywell to foster decarbonisation of Virgin Islands in the US

December 12, 2023 |

Honeywell revealed that it will supply VIElectron with its first batch of battery energy storage solutions (BESS) to six solar parks placed strategically throughout the US Virgin Islands. After construction is finished, the solar array and BESS will contribute to the islands’ decarbonisation efforts by supplying 30 per cent of their energy needs from renewable sources.

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LS Power, Monarch Energy form green hydrogen partnership

LS Power, Monarch Energy form green hydrogen partnership

November 17, 2023 |

Monarch Energy, a California-based green hydrogen project developer, and LS Power have formed a partnership to deploy a portfolio of green hydrogen projects throughout the US. LS Power intends to invest up to $400 million into projects developed by Monarch as part of the newly established Clean Hydrogen Fuels, LLC platform.

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Intersect commissions 679 MW solar plus storage project in California

Intersect commissions 679 MW solar plus storage project in California

November 15, 2023 |

Intersect Power, a US clean energy company has begun the commercial operation of its Oberon Solar plus Storage project, located in Riverside County, California. The Oberon project produces 679 MWp/500 MWac of stable solar energy per year which is enough to power more than 207,000 homes, and includes 250 MW/1 GWh of integrated storage

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EDF renewables completes 275 MW Nevada solar plus storage project

EDF renewables completes 275 MW Nevada solar plus storage project

November 10, 2023 |

EDF Renewables North America, NV Energy, McCarthy Building Companies, and the Moapa Band of Paiute Indians recognised the completion of the Arrow Canyon solar plus storage project. The project, constructed by EDF Renewables, began construction in September 2021, with the solar portion completed in December 2022 and the storage portion completed in November 2023.

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