New York officials have finalized new power purchase deals with developers Equinor and Orsted for respective 810-MW and 924-MW projects, while two land-based support hubs valued at about $1B achieve milestones and New Jersey accelerates its next wind procurement to start in mid-2025.
Projects coming online as soon as 2025 can qualify for credits, including some using traditional fossil fuels, with additional amounts added for factors including prevailing wages, apprenticeship, domestic content, and energy community location.
But project development continues in the state—with builder Skanska gaining a $861M NYC port upgrade contract—and in the US, with federal lease auctions now set for offshore Maine and Oregon as first of 12
through 2028, and NJ announcing it will seek up to 4 GW capacity add.
Energy Secretary Jennifer Granholm touts a critical need for energy transition at CERAWeek by S&P Global gathering but oil and gas CEOs say energy security needs to be a bigger global priority.
Guiding the state’s push to reach nation-leading goals in clean energy deployment, the chief of the NY State Energy Research and Development Authority acknowledges the “heavy lift” ahead amid construction headwinds but says the challenge to mitigate climate change is "compelling."
Feds put on record the fine print of incentives set to propel lowest carbon production—but developers say timing of power sourcing and emissions reporting mandates put hydrogen sector growth at risk.
Developer, using Iron-air technology instead of lithium-ion for long-duration storage, will build first state facility at PG&E plant site—as U.S. battery installation set new records in the third quarter and is set to in 2024.
Voting reps from nearly 200 nations at Dubai event ending Dec. 13 agreed to “transition away” from fossil fuels—boosting renewables, nuclear energy and climate investment—but did not mandate specific actions to cut back traditional energy use.