News

Renewables Continue to Drive U.S. Power Growth

The U.S. Energy Information Administration’s latest Short-Term Energy Outlook predicts continued growth in renewable energy, particularly solar and wind, as key drivers of U.S. power generation over the next two years. The electric power sector is expected to add 26 GW of solar capacity in 2025 and 22 GW in 2026, following a record 37…

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Global Coal Demand Peaks

Global coal demand hit a record 8.77 billion metric tons in 2024, led by China and India, while the U.S. and Europe saw declines, according to a report released by the International Energy Agency (“IEA”) in December. China consumes 30% of global coal, and India’s use grew 5% as both nations rely on coal to…

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BOEM Moves Forward with Gulf Offshore Wind Leases

The Bureau of Ocean Energy Management (BOEM) has announced a Determination of Competitive Interest for two Wind Energy Areas (WEAs) in the Gulf of Mexico, which was published in the Federal Register on December 13, 2024. This decision follows competitive proposals from Hecate Energy and Invenergy, with BOEM confirming both companies as qualified to hold…

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PJM Proposes Delaying Capacity Auctions for Capacity Market Reforms

The PJM Interconnection (PJM) is planning to ask the Federal Energy Regulatory Commission (FERC) to delay its 2026-2027 delivery year capacity auction by six months in response to a complaint that challenged the grid operator’s failure to reflect reliability must-run (RMR) power plants in its capacity auctions. RMR power plants are plants that have operated…

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