Energy Update
The Inflation Reduction Act incentives for developing clean energy have created thousands of jobs in local communities across the country. The Trump administration froze further spending on them.
If U.S. electricity generation grows in each of the next two years, it would mark the first three years of consecutive growth since 2005–2007, EIA said.
The Minnesota Public Utilities Commission (MPUC) recently approved the Certificate of Need and Route Permit for Minnesota Power and Great River Energy’s jointly owned high-voltage transmission line intended to bolster electric reliability in northern and central Minnesota and support the regional clean energy transition.
Eaton is investing $340 million in new South Carolina manufacturing facility for its three-phase transformers, the company’s third in the U.S.
Puerto Rico’s newly elected Gov. Jenniffer González, a Trump supporter, recently filed a bill to scrap a law calling for renewable energy to meet 40% of the U.S. territory’s needs by 2025 and 60% by 2040.
According to a new report, growth in electricity demand from AI data centers can largely be met with existing resources, which would minimize the need to build new power plants.
Texas has become one of the nation’s frontrunners in developing renewable energy. In recent years, the state’s reign came from wind power coupled with utility-scale solar.
A new study from the University of Edinburgh finds that the marine energy sector could bring benefits of more than £8 billion to the economy of Scotland and support 15,000 UK jobs by 2050.
AI and data centers are reshaping the energy landscape and market participants are scrambling to meet skyrocketing power demands.
Georgia Power executives have said that 80% of its projected increased energy demands over the next decade is tied to prospective data centers opening in the state.
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