.png?width=626&height=313&name=What%20to%20Watch%20in%20the%20Energy%20System%20in%202023%20(and%20Beyond).png)
Advanced Energy United is looking at macro trends impacting the electricity system in 2023 and beyond. This is the first in a seven-part series looking at what lies ahead – part of a broader look at what lies ahead for policymakers, customers, and utilities following government incentives and market shifts in 2022. Read the rest of the series here.
Topics: Wholesale Markets, Advanced Transportation, Manufacturing and Infrastructure, Transmission
.png?width=507&height=254&name=What%20to%20Watch%20in%20the%20Energy%20System%20in%202023%20(and%20Beyond).png)
Advanced Energy United is looking at macro trends impacting the electricity system in 2023 and beyond.
If you’re feeling like you can’t keep up with the accelerating pace of change in the energy sector, you aren’t alone. 2022 was another banner year for advanced energy and transportation. Through Advanced Energy United’s work tracking and supporting the energy transition across the country, we have identified a set of powerful, interrelated trends to keep an eye on as we move further into 2023. Some of these have been building for years and some are new on the scene, but together, they are set to fundamentally transform the energy system in the next 10 to 20 years.
Topics: Wholesale Markets, Advanced Transportation, Manufacturing and Infrastructure, Transmission
On February 8, Governor Whitmer announced her budget proposal for fiscal year 2024. Taken in totality, the proposed budget represents a generational investment in the state’s decarbonization efforts and advanced energy economy, and the Governor should be applauded for such a bold agenda. The Governor’s budget includes commitments to transition the state’s energy to renewable resources, improve and decarbonize housing, electrify the transportation system, decarbonize industry, and strengthen energy infrastructure. Among the broad range of investments in communities and businesses proposed within the $79 billion budget are substantial funds for advanced energy projects and technologies, allocated to various administering agencies using both state and federal funds.
The investments in clean energy—totaling upwards of $1.35 billion—are summarized below. They represent the next step in the Governor’s vision to decarbonize the economy as laid out in her MI Healthy Climate Plan.
Topics: State Policy, Wholesale Markets, Michigan
On New Year's Eve, Nevadans lost power as forecasted rain unexpectedly arrived in the form of a snowstorm that caused widespread outages. Heavy snow took out power lines and left tens of thousands in northern Nevada without power and in the cold. This type of event is not uncommon, but in today’s modern and technology-dependent world, keeping the lights and heat on is more and more of an imperative.
Topics: State Policy, Wholesale Markets, Nevada
In Texas, regulators and stakeholders are paving the way to a cleaner, more reliable future with a pilot project that puts flexible energy resources at the forefront of the state’s grid planning efforts. Following a months-long effort involving industry stakeholders and state regulators, the Electric Reliability Council of Texas (ERCOT) voted unanimously on November 3 to greenlight a pilot project that will allow residential participants to receive compensation for their contributions to the state’s electrical grid.
Topics: Wholesale Markets, Texas Advanced Energy Business Alliance, Texas