Treasury Releases Long-Awaited Guidance on Clean Vehicle Credits
Renewable Energy Provides More Than 25% of US Power
August 25, 2022
by Dan McCue
WASHINGTON — Energy from renewable resources, including the sun, wind and heat trapped under the ground provided more than 25% of the nation’s power during the first six months of 2022, the U.S. Energy Information Administration reported on Thursday.
At the same time, the agency’s “Electric Power Monthly” report found that the electrical output from renewable energy sources jumped by nearly one-fifth — 18.75% — compared with the same period a year earlier.
In terms of specific energy resources, electrical generation from wind increased by 24.67% during the first six months of 2022, and generation from solar resources grew by 27.72%.
Taken together, renewable energy sources comfortably out-produced both coal and nuclear power by 28.76% and 38.81%, respectively.
Agency officials project renewable energy sources will provide 22% of U.S. electrical output this year. Including power generated by residential solar, renewables actually provided 22.3% in 2021 and 24.4% in the first quarter of 2022.
At this year’s half-way point, renewables have already surpassed 25% — surpassing EIA’s yearly projections already.
Dan can be reached at dan@thewellnews.com and @DanMcCue
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March 31, 2023
by Dan McCue
Treasury Releases Long-Awaited Guidance on Clean Vehicle Credits
WASHINGTON — The Treasury Department on Friday released its long-awaited proposed guidance on which “clean” energy vehicles will be eligible... Read More
WASHINGTON — The Treasury Department on Friday released its long-awaited proposed guidance on which “clean” energy vehicles will be eligible for up to $7,500 in consumer tax credits. The Notice of Proposed Rulemaking from the department and the Internal Revenue Service is set to be published... Read More
March 29, 2023
by Dan McCue
Nine Companies Share in Offshore Wind Supply Chain Prize
WASHINGTON — Nine companies will each receive $100,000 and vouchers for $75,000 in technical assistance after the beginning phase of... Read More
WASHINGTON — Nine companies will each receive $100,000 and vouchers for $75,000 in technical assistance after the beginning phase of a first-of-its-kind competition to tackle the floating offshore wind energy industry’s biggest supply chain challenges. Roughly two-thirds of the nation’s offshore wind resource potential is in... Read More
Spain Clean Energy Case Shakes Confidence in EU Investment
MADRID (AP) — Renewable energy investors who lost subsidies promised by Spain are heading to a London court to try... Read More
MADRID (AP) — Renewable energy investors who lost subsidies promised by Spain are heading to a London court to try to claw back $125 million from the government — a decadelong dispute with ramifications for clean energy financing across the European Union. The outcome will be closely watched... Read More
March 28, 2023
by TWN Staff
Wisconsin Gov. Highlights Clean Energy Economy Initiatives
MADISON, Wis. — Gov. Tony Evers plans to travel across Wisconsin this week to highlight economic initiatives in his 2023-25... Read More
MADISON, Wis. — Gov. Tony Evers plans to travel across Wisconsin this week to highlight economic initiatives in his 2023-25 biennial budget, a budget that was rejected March 23 by the State Building Commission. The state panel voted 4-4 on party lines on Evers’ capital budget... Read More
March 27, 2023
by Dan McCue
Tyson Tells ARPA-E: Innovation Comes Faster Than Most Think
NATIONAL HARBOR, Md. — Despite all the descriptors you could put in front of his name — astrophysicist, director of... Read More
NATIONAL HARBOR, Md. — Despite all the descriptors you could put in front of his name — astrophysicist, director of the Hayden Planetarium in New York, graduate of Harvard, with a Ph.D. from Columbia, author and celebrated scientist, TV star — Dr. Neil deGrasse Tyson had... Read More
March 24, 2023
by Dan McCue
Innovation Is the Invisible Hand That Moves the Political Debate on Energy
NATIONAL HARBOR, Md. — It almost seems here in Washington that the debate over energy, over the future of fossil... Read More
NATIONAL HARBOR, Md. — It almost seems here in Washington that the debate over energy, over the future of fossil fuels versus renewables, never changes. Most everyone these days will advocate for an “all of the above” solution to meet the nation’s future energy needs and... Read More
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