Through July 2024, the U.S. power grid added 20.2 gigawatts (“GW”) of generating capacity according to the U.S. Energy Information Administration. Solar generating capacity was the largest portion, representing 59% of additions. Battery storage and wind power additions were also significant, representing 21% and 12% of the total, respectively. An estimated 42.6 GW of additional…
ISO New England Inc. (“ISO-NE”) announced the results of the 18th Forward Capacity Auction on February 9, 2024. The auction included 31,556 megawatts (“MW”) of commitments, including 1,085 MW of new renewable capacity and 5,540 MW of new and existing renewable capacity. The preliminary closing price for the 2027/2028 commitment period was $3.58 per kilowatt-month.…
The Regional Greenhouse Gas Initiative (“RGGI”) announced the results of the 60th auction for carbon dioxide allowances on June 9, 2023. The auction included the sale of more than 22 million allowances at a clearing price of $12.73 per allowance. The clearing price represented an increase of 1.8% compared to the 59th auction held in…
The U.S. Nuclear Regulatory Commission certified the first small scale reactor design in the U.S. on January 20th. Created by NuScale, the design incorporates a module system that utilizes less water and is one-third the size of a traditional large-scale reactor. Each module is capable of producing 50 MW of electricity. The first module is…
