U.S. Energy Dept. did not detail why it withdrew its conditional loan to Texas-based Microvast made last year for a $500M plant in Kentucky, but the firm's founder disputes Congressional allegations of alleged ties to the Chinese government voiced in letters to the agency since last year.
Calculating the costs of some project delays requires the use of advanced mathematics but the discipline may not have progressed far enough to measure what’s been lost with the suspension of the New England Clean Energy Connect project.
The utility-scale projects—the 800-MW, estimated $3-billion Vineyard Wind project off Massachusetts and the 132-MW, estimated $637-million South Fork project off New York—could begin to generate power this year, their developers say.
Massachusetts energy storage company Form Energy will start foundation work in June on the previously announced $760-million manufacturing factory on a former steel mill site.
EPC contractor and equity investor Aecon plans to begin construction on the Oneida Battery Storage project this year, following Canada's adoption in March of new clean energy investment credits.
U.S. Treasury Dept. details Inflation Reduction Act investment and production tax incentives that could unlock billions for more domestic manufacturing, but projects could still gain credits even with use of polysilicon wafers that one trade group said is 95% imported from China.
Even as small nuclear reactor designs gain traction, with Westinghouse announcing in early May a new 300-MW version of its larger AP1000 model now in use in Georgia and elsewher, construction hurdles need attention to speed deployment of advanced technology, says a new National Academies analysis.
Project development, estimated to occur in the early-to-mid 2030s, will be based on design used in the U.S. Energy Dept. breakthrough effort last December that successfully demonstrated laser fusion power with energy gain.
Public-private project to be located next to the National Renewable Energy Laboratory will include net-zero buildings, with NextCore Group contracted as developer.
