A panel at RE+ Northeast 2025 discussed ways to maximize the value of virtual power plants so everyone on the grid wins.
The CEC estimates that approximately 24,000 new chargers were installed in the first half of 2024, and the Fast Charge California Project aims to incentivize even more.
Savings due to flexible demand could approach $3 billion per year by 2040.
Also on the rise: Freyr Battery abandons plans for Georgia battery factory. Colorado permitting red tape adds thousands to rooftop solar cost, finds study.
The investment will go toward 267 fast-charging stalls spread across seven locations and both of the city’s airports.
Freyr was motivated to build the factory based on the strength of the U.S. renewable energy and electric vehicle industries, coupled with the tax incentives associated with the Inflation Reduction Act. It would have been a $2.6 billion investment, creating 720 jobs.
Also on the rise: Moss Landing fire leads to emergency regulations. Trump administration pulls the plug on funding electric vehicle charging networks. And more.
Federal Transportation Department sent a letter to states saying it was suspending approval of spending plans for the National Electric Vehicle Infrastructure program.
Also on the rise: Unleashing American Energy order will slow electric vehicle adoption in U.S. Solar Energy Industries Association calls for 700 GWh of U.S. energy storage by 2030. And more.
A recent Wood Mackenzie report estimates that enforcement of the new policy could mean a drop of nearly 10% in plug-in EV adoption.
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