The U.S. clean energy transition is expected to accelerate this year, buoyed by recent policy and other actions, but transmission and financing are among its challenges. The following is a snapshot of some of the major developments and trends expected in nine critical areas of the energy transition this year...
Reliability costs associated with backstopping renewables could rise to $435 billion a year around the world by 2030, the company said in a report released Wednesday.As utilities increase the amount of renewable energy in their fuel supply mixes, the associated need for an increase in resource buffers could lead to oversupply that would increase power price volatility and grid reliability costs, said Moody’s Investors Service in a Wednesday report.
“Because wind and solar power generation depends on weather conditions and is thus not dispatchable, load-serving utilities will likely build in a cushion of supply to enhance reliability and compensate for resource volatility,” the report says.
Houston Chronicle detailed growing demand for battery storage projects, quoting Ryan Katofsky on why the technology is seeing such a high demand. Read snippets below and the full article here.
Within three years, a surge of new large-scale battery projects is expected to come online on Texas and California's power grids, as developers seek to store electricity produced by those state’s sprawling wind and solar farms.
E&E News covered DOE's nearly $350 million for energy storage demonstrations, quoting Ryan Katofsky on the technology gap that needs to be filled. Read snippets below and the full article here.
The Energy Department launched a competition Monday for long-duration energy storage, offering $349 million for successful demonstrations of a technology widely seen as crucial to a carbon-free grid.
Utility Dive: Upheaval in utility regulation emerging nationally as Hawaii proves a performance-based approach
Utility Dive compared reforms for utility performance, quoting AEE's Ryan Katofsky on how Hawaii's low-cost reforms are improving service. Read snippets below and the full article here.
Many states are working on regulatory reforms focused on utility performance, but some compromise approaches may be self-defeating, performance-based regulation, or PBR, consultants said.