RMEL eNews

 

Projects that have yet to secure interconnection approvals are no longer attracting bids, LevelTen Energy says. Demand for later-stage projects remains strong, but earlier and more speculative projects that have not yet secured interconnection approvals have seen limited interest from buyers, according to Patrick Worrall, Vice President for the Asset Marketplace.

As the American power sector confronts a broader shift towards cleaner, more distributed forms of energy, as well as the movement towards an increasingly electrified transportation and building sector, experts are taking a closer look at ways to structure electric rates and make them more equitable.

In the 12 months since the passage of the Inflation Reduction Act, companies have hurriedly launched a variety of manufacturing plans in pursuit of the law’s lucrative tax credits for U.S.-made components. States have eagerly courted these projects, offering companies tax incentives and collaborating on workforce development programs to support the growth of thousands of jobs.

 

This guidance marks the end of the first phase of the Treasury Department’s implementation of the Inflation Reduction Act’s clean energy provisions. The Inflation Reduction Act’s prevailing wage and registered apprenticeship requirements apply to many of the clean energy deployment tax incentives under the law, including for the clean energy investment and production tax credits that help finance utility-scale wind, solar and battery storage projects as well as for the credits for carbon capture, utilization and storage and clean hydrogen projects. 

CPS Energy has received the Gold Award for Serving Vulnerable Customers and the Silver Communications Award for their communications efforts in the development of their color-coded energy conservation system in Chartwell’s 20th Annual Best Practice Awards. 

New and expanding commercial and industrial customers are contributing to that increased demand, as well as the addition of new homes and businesses within our service territory. The increased electrification of the goods and services our customers use on a regular basis is also a contributing factor.

The 5-megawatt (MW), 10-hour-duration project, named Desert Blume, will use CMBlu’s unique non-lithium technology, and the firm will build, own and operate the batteries on behalf of SRP at their Copper Crossing Energy and Research Center in Florence, Arizona. SRP is the first U.S. electric utility to implement CMBlu’s batteries at this scale.