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Category: Energy Economics


Energy Economics

US to fund Moldova BESS and grid upgrades to increase energy independence

June 3, 2024

Via: Energy Storage News

The US will provide US$85 million in foreign aid to the Republic of Moldova for battery energy storage system (BESS) projects, as well as high voltage transmission line upgrades, secretary of state Anthony Blinken said last week (29 May). The […]


Energy Economics

Biden Unlocks $7 Billion Solar Investment On Earth Day

April 23, 2024

Via: CleanTechnica

On Earth Day 2024, today, President Joe Biden announced $7 billion in grants through the Environmental Protection Agency’s Solar for All grant competition, a key component of the Inflation Reduction Act’s $27 billion Greenhouse Gas Reduction Fund. Selectees under the […]


Energy Economics

How vulnerable are European countries to changes in gas prices?

April 9, 2024

Via: Tech Xplore

On 24 February 2022, the Russian army entered Ukraine, escalating a conflict that had begun almost a decade earlier. On the same day, the European Council held an urgent meeting to respond to the aggression and to study emergency measures […]


Energy Economics

America’s Largest-Ever Clean Energy Investment For Low-Income Communities

April 8, 2024

Via: CleanTechnica

America’s largest-ever clean energy investment in low-income and disadvantaged communities will soon be deployed. Leveraged effectively, this investment — $20 billion from the EPA-administered Greenhouse Gas Reduction Fund (GGRF) — will deliver not just clean energy, but a transformation of […]


Energy Economics

Biden-Harris Administration announce $750 million towards clean hydrogen projects ahead of World Hydrogen North America

March 22, 2024

Via: PetrolPlaza

The global focus on hydrogen as a clean, versatile, and sustainable energy carrier continues to intensify. The Biden-Harris Administration’s announcement of a $750 million investment across 52 projects to support America’s growing clean hydrogen economy, as highlighted in a recent […]


Energy Economics

Germany Will Support 10 GW of New Gas Plants, With Eye Toward Hydrogen

February 5, 2024

Via: Power Magazine

German officials announced a new plan for the country’s power generation, a strategy that includes putting at least 10 GW of new gas-fired capacity up for tenders. Officials on Feb. 5 said the plants would be designed to eventually burn […]


Energy Economics

Power Grid Investments Improve Reliability and Make Blackouts Less Likely

August 30, 2023

Via: Power Magazine

While power outages are not uncommon in the U.S., widespread blackouts that last more than a couple of hours are pretty rare. However, this summer marks the 20th anniversary of one of the most significant blackouts in North American history. […]


Energy Economics, News and Policies, U.S.

DOE announces $6 billion aimed at reducing industrial emissions

March 10, 2023

Via: Power Engineering

The U.S. Department of Energy (DOE) announced approximately $6 billion in funding to accelerate decarbonization projects in the energy-intensive industrial sector. The industrial sector’s emissions result not just from fuel for heat and power, but also from feedstocks and processes […]


Energy Economics

US clean energy additions slow in 2022 amid policy, market handicaps

February 17, 2023

Via: Renewables Now

The US clean energy industry installed 9.6 GW of utility-scale solar, wind and battery storage in the fourth quarter of 2022, the lowest fourth quarter result since 2019, the American Clean Power Association (ACP) said on Thursday. Full-year clean energy […]


Energy Economics

A European Response To The US Inflation Reduction Act

January 24, 2023

Via: CleanTechnica

The European Green Deal is one of the world’s most ambitious climate policies to usher the European Union into the net zero economy by 2050. To happen, it will require a massive ramp up of technologies from wind turbines to […]


Energy Economics

Inflation Reduction Act: What manufacturers need to know about new clean energy tax credits

December 16, 2022

Via: Renewable Energy World

Manufacturers should consider seeking Section 48C Advanced Energy Project Credit allocations, recently provided by the Inflation Reduction Act, with guidance coming out in February 2023. Capped at $10 billion, this is a competitive tax credit program that effectively acts as […]


Energy Economics

U.S., Others Tout $20 Billion Plan to Move Indonesia Away from Coal, Toward Renewables

November 15, 2022

Via: Power Magazine

The U.S. and other countries have announced a $20 billion financing plan to help Indonesia more quickly shutter the country’s coal-fired power plants and decarbonize its power generation sector. “We’ve built a platform for cooperation that can truly transform Indonesia’s […]


Energy Economics

Deal reached on Virginia offshore wind cost-share

October 31, 2022

Via: Renewable Energy World

A settlement has been reached on protections tied to an offshore wind project in Virginia, stakeholders wrote in a filing to state regulators. Dominion Energy Virginia, the utility developing the 2.6 GW Coastal Virginia Offshore Wind project, said the settlement […]


Energy Economics

U.S. Announces First Sale of Rights for California Offshore Wind Development

October 18, 2022

Via: Power Magazine

The U.S. government has announced the first-ever sale of offshore wind development rights off the California coast. The Dept. of Interior (DOI) on Oct. 18 said it would hold the event on Dec. 6, in an effort to spur industry […]


Energy Economics

DOE seeds carbon capture tech deployment with $4.9b in funding

September 27, 2022

Via: Power Engineering

The U.S. Department of Energy (DOE) announced a nearly $4.9 billion set of funding opportunities aimed at bolstering investments in the carbon management industry and to reduce carbon dioxide (CO2) emissions through power generation and industrial operations. The funding from […]


Energy Economics

Why the Solar Market Is Down and Why It’s Poised for a Comeback

September 8, 2022

Via: Power Magazine

The forecast for U.S. solar energy installations in 2022 have been revised downward in a report published by Wood Mackenzie and the Solar Energy Industries Association (SEIA) on Sept. 8, due in large part to supply chain constraints and an […]


Energy Economics

Aurora Solar hits 10-millionth project design milestone

September 7, 2022

Via: Renewable Energy World

San Francisco-based Aurora Solar said that 10 million solar sites worldwide have been designed with its platform. The milestone doubles the 5 million mark the company said it reached in April 2021. The cloud-based platform uses data, automation, and AI […]


Energy Economics

Auxin Solar’s tariff bid isn’t dead: Here’s the latest

September 6, 2022

Via: Renewable Energy World

A few months ago, seemingly every conversation in the solar industry included at least a mention of one divisive topic: the Auxin Solar tariff petition. The Department of Commerce’s investigation of Auxin Solar’s claims that solar modules imported from Vietnam, […]


Energy Economics

The Inflation Reduction Act offers powerful tools for solving the ‘peaker problem’

August 31, 2022

Via: Renewable Energy World

Fossil-fueled peaker power plants, once embraced by utilities for their rapid response capabilities, have entered a new moment in time. Peakers are the power plants that fire up during high peaks of electricity demand, and they are often the dirtiest […]


Energy Economics

Inflation Reduction Act: Clean energy industry cheers ‘monumental’ vote by Senate

August 8, 2022

Via: Renewable Energy World

The clean energy industry celebrated a moment on August 7 that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure that includes the largest investments in clean energy and climate change in U.S. history. […]