The plan could add 118 GW of solar to the PJM by 2040.
The company says its new high-capacity models are designed to integrate with clean energy sources including battery-based energy storage and solar-powered microgrids.
With the expected rise in electrical load, a report by National Electrical Manufacturers Association recommends adding intermittent energy sources to the grid, investing in innovative technologies and prioritizing policy and regulatory certainty to create the reliable and affordable energy system of the future.
The bill imposes stricter regulatory compliance on renewable energy developers and removes property tax incentives for large solar and wind projects.
The legislation aims to limit the growth of energy storage in a state where a booming renewable market is lowering the need for natural-gas peaker plants.
Many of the largest clean energy developers and investors in the U.S. would likely increase their activity in the U.S. clean energy sector as long as no changes were made to energy tax credits, according to study by American Council on Renewable Energy.
A report by American Clean Power Association calls for improved energy efficiency, an all-of-the-above strategy and rapid policy reform that will address interconnection and permitting delays.
A report from American Clean Power Association says the U.S. saw “a remarkable 33% increase over the previous record of 37 GW set in 2023.”
With uncertainty surrounding the effect of changing federal policies on the renewable energy industry, the importance of strong state energy policy was a topic of discussion at this week’s RE+ Northeast.
Though not a denier of climate change, Wright says the “hazards of climate change are distant and uncertain” and that more fossil fuel production is needed to lift people from poverty.
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