The average operating heat rate for combined-cycle generators has declined over the last five years. According to the EIA, natural gas combined-cycle power generators installed since 2015 have an average heat rate of 6,654 Btu/kWh. This average is nearly 25% lower than units installed before 2000, which have an average operating heat rate of 8,840…
Installed large-scale battery storage systems in the United States reached an all-time high as of the end of 2018. According to the EIA, a total of 125 installed battery storage systems having a combined capacity of 869 MW were operational in the US as of 2018. These figures are a significant increase compared to 2010…
The United States set a new record with the addition of 2,617 MW of wind capacity during Q1 2020. According to S&P Global Market Intelligence, installed wind capacity in the United States now exceeds 107,000 MW. This represents a sizable increase compared to the 61,500 MW of installed wind capacity as of Q1 2014. New…
The U.S. Treasury Department and the Internal Revenue Service extended the renewable energy tax credit window on Wednesday May 27th. As a result, renewable energy facilities will have more time to qualify for production tax credits (PTCs) and investment tax credits (ITCs). The plan extends the Continuity Safe Harbor for projects that began construction in…
