Trump orders pause to IRA funding
An executive order released by the White House states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022”.
Exus secures $312 million for solar-plus-storage project in New Mexico
Energy from the project will be purchased by Public Service Company of New Mexico to support a Meta data center in New Mexico.
S&P Global: Annual battery cell production passes 10 billion, lower prices to stimulate demand
While oversupply remains a feature of the lithium-ion battery production landscape, large production volumes are accelerating innovation and enhancing energy storage competitiveness. S&P Global analysis reveals that balance is likely to return to the global market in the coming years as stationary energy storage and EV adoption continues to accelerate.
Section 179D energy efficiency tax deduction tools updated
The DOE has launched a web portal to enable faster tax deduction calculations for energy efficiency upgrades that drive 25% savings in lighting, HVAC, water heating, and building envelopes (but not solar).
DOE roadmap shows how to speed interconnection of distributed solar and storage
The roadmap presents 39 ways to improve interconnection of distributed energy resources. DOE plans to offer funding support to collaborative teams working to implement the solutions.
BLM seeks public input for Idaho renewable energy projects
The Bureau of Land Management is seeking preliminary input for potential solar, battery energy storage and wind generation projects in Idaho.
Palmetto secures $1.2 billion for residential solar financing
The capital is expected to support 2024 and 2025 Palmetto LightReach residential solar contracts.
Sunrise brief: Treasury updates domestic content guidance, elevates wafers made in U.S.
Also on the rise: Fire at California’s Moss Landing battery plant triggers evacuation. Coalition of 17 state attorneys general urge Congress to retain clean energy tax credits. And more.
In case you missed it: Five big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Energy Department closes $1.2 billion in loans to Puerto Rico power producers
Loan guarantees by Loan Programs Office intend to finance grid enhancement to build resilience and expand access to affordable electricity for the people of Puerto Rico.
