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Clean energy investments took a serious hit in January, sinking to their lowest point since the Inflation Reduction Act (IRA) supercharged the industry with tax credits and incentives. Growing uncertainty around the future of these policies – especially with the Republican-majority Congress debating potential rollbacks – has led to a sharp drop in new projects and an increase in cancellations, reports E2.
Expand Expanding CloseThe International Energy Agency’s (IEA) newly released “Electricity 2025” report predicts that global power consumption will jump nearly 4% annually through 2027. That’s like adding an entire Japan’s worth of electricity use every year for the next three years.
Expand Expanding CloseThe Nature Conservancy (TNC) and the Cumberland Forest Limited Partnership are turning former Appalachian coal mines into clean energy hubs. They just announced new agreements with Sun Tribe Development and ENGIE to build 14 solar farms and three battery storage systems across 360 acres in Virginia, Tennessee, and Kentucky.
Expand Expanding CloseTrump’s new trade tariffs and more import restrictions could drive up costs for US onshore wind power, potentially slowing down the industry’s momentum, according to a new report from Wood Mackenzie.
Expand Expanding CloseFREYR Battery (NYSE: FREY) has scrapped plans to build a $2.6 billion battery energy storage system factory in Coweta County, Georgia – here’s why.
Expand Expanding CloseRenewable energy – solar, wind, geothermal, hydropower, biomass – accounted for more than 90% of total US electrical generating capacity added in 2024, according to data released yesterday by the Federal Energy Regulatory Commission (FERC) and reviewed by the SUN DAY campaign.
Solar alone accounted for over 81% of the new capacity. Moreover, December was the 16th month in a row in which solar was the largest source of new capacity.
Expand Expanding CloseA coalition of clean energy groups – representing over 2,000 companies and hundreds of billions in private investment – is holding more than 100 meetings today with bipartisan members of Congress to underscore the critical role of IRA clean energy tax credits.
Expand Expanding CloseKORE Power has scrapped plans for its $1 billion lithium-ion battery factory in Buckeye, Arizona, and its CEO and founder has resigned.
Expand Expanding CloseStreetleaf’s solar-powered streetlights can withstand Category 5 hurricanes, and the company aims to deploy them across Florida to boost storm resilience.
Expand Expanding CloseThe US solar manufacturing industry just hit a historic milestone: Domestic solar module production capacity has surpassed 50 gigawatts (GW). If all these factories ran at full capacity, they could produce enough modules to meet the country’s entire solar demand.
Expand Expanding CloseES Foundry will become the largest producer of crystalline silicon solar cells in the US with the launch of its new factory in South Carolina.
Expand Expanding CloseClean energy investment manager Greenbacker Renewable Energy has secured $950 million to build what will be New York State’s largest solar farm.
Expand Expanding CloseRenewable capacity additions, especially solar, will continue to drive the growth of US power generation over the next two years, according to the US Energy Information Administration (EIA).
Expand Expanding CloseNew York-based real estate developer LeFrak has installed the largest rooftop solar array on a high-rise multifamily residential building in New Jersey.
Expand Expanding CloseNot-for-profit power cooperative Great River Energy, which serves 1.7 million people across Minnesota and Wisconsin, has partnered with Prisma Photonics to roll out real-time monitoring technology across 90 miles of transmission lines in northern Minnesota. Prisma Photonics will provide its PrismaPower system to track threats like wildfires, ice, wind, and physical damage to the Minnesota grid.
Expand Expanding CloseRenewable developer Vesper Energy has installed the last of more than 1.36 million solar panels covering six square miles at Hornet Solar in Swisher County, Texas.
Expand Expanding CloseThe Solar Energy Industries Association (SEIA) has announced a target of 700 gigawatt-hours (GWh) of total installed battery storage capacity and 10 million distributed storage installations by 2030.
Expand Expanding CloseSolar generation for the first 11 months of 2024 increased by over 26%, while new solar generating capacity added in November was the second-highest monthly total ever reported, according to new data released by the Federal Energy Regulatory Commission (FERC) and the US Energy Information Administration (EIA).
New solar capacity easily surpassed all other energy sources during the first 11 months of 2024, followed by wind, according to the SUN DAY Campaign, which reviewed the data.
Expand Expanding CloseGE Vernova’s onshore wind business announced that it received orders in 2024 to repower over 1 gigawatt (GW) of wind turbines in the US.
Expand Expanding CloseThe United Arab Emirates is building the world’s largest solar and battery storage project that will dispatch clean energy 24/7.
Expand Expanding CloseJaguar Land Rover’s investment arm InMotion Ventures has invested $2 million in rare earth magnets recycling company Cyclic Materials, bringing its Series B funding round to $55 million.
Expand Expanding CloseSolar generated 11% of EU electricity in 2024, overtaking coal which fell below 10% for the first time, according to the European Electricity Review published today by think tank Ember.
EU gas generation declined for the fifth year in a row, and total fossil generation fell to a historic low.
Expand Expanding CloseA groundbreaking new Virtual Power Plant Power Purchase Agreement (VPA) provides Texans with solar panels and two 20 kWh sonnen batteries at no upfront cost.
Expand Expanding CloseChina saw monumental solar and wind growth in 2024, according to data released today by its National Energy Administration (NEA).
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