After public petition, lawmakers decided to scrap plans to remove the competitive retail electric market, which had a high penetration of renewable energy products.
A Brattle Group study finds that arbitrary caps on solar power will increase electricity costs by billions through 2035, including $900 million in 2030, and $800 million in 2032 alone – while the utility is putting trust behind non-existent nuclear reactors.
EIA Annual Electric Generator Report finds that the greatest change in battery use is for price arbitrage.
Also on the rise: As Texans are asked to cut energy use amidst a heat wave, solar and batteries step up. Intersect Power places order for 2.4 GW of First Solar modules. And more.
The Texas grid is having energy supply issues as heat waves cause energy demand to spike. Rooftop solar and energy storage offer relief for homeowners and the grid at large.
A long-time customer of First Solar’s, Intersect Power is expected to be one of the largest buyers and operators of First Solar technology by 2027.
As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
Solar and energy storage development business to operate as New Leaf Energy, an independent arm of ECP focused on distributed generation and utility-scale projects in the US.
Also on the rise: White House announces solar initiatives to reduce electricity bills, create clean energy jobs. Solar powered lawn mowing. And more.
Senator Joe Manchin (D-WV) announced his support for a new reconciliation package named the Inflation Reduction Act of 2022, which includes billions in spending for clean energy.
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