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Can Gas-Fired Power Plants Coexist with a Net-Zero Target? Yes, Southern Company Insists

GreenTechMedia

That means Southern Company intends to keep building new natural gas power plants to meet its supply needs, even as it grows its renewable energy portfolio from 9 gigawatts today to about 14 GW by 2024. Department of Energy.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. conditional commitment to Ford’s battery manufacturing program. ☢️ US nuclear power saw mixed results. And below we start the week off with a walk down memory lane of the year’s top CTVC headlines.

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The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

GreenTechMedia

It’s also looking to the potential for small modular nuclear reactors for carbon-free baseload power and long-duration storage technologies such as molten salt, compressed/liquefied air, sub-surface pumped hydro and advanced battery chemistries. Nuclear power plays a large role in PSEG’s carbon-reduction plans.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

The ITC will fall to a 22 percent rate for projects that begin construction by the end of 2023, and then fall to 10 percent for large-scale solar projects and to zero percent for small scale solar projects in 2024. R&D for clean energy, energy storage, carbon capture and nuclear power. Nuclear power will receive $6.6

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Duke Energy Will Play ‘Pivotal Role’ in North Carolina Clean Energy Debate, CEO Says

GreenTechMedia

Duke Energy’s $58 billion capital plan through 2024 is already heavily weighted toward decarbonizing its generation fleet as part of its pledge to reach net-zero carbon emissions by 2050 , CEO Lynn Good said during Thursday's earnings conference call.

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Inflation Reduction Act: 10 ways it will turbocharge US climate action (and one way it won't)

Business Green

Firstly, current federal tax credits for developing onshore and offshore wind, solar, biomass, landfill gas, waste-to-energy, hydropower, geothermal, and marine renewable power projects - which had faced cuts from 2022 - are to be extended until 2025 under the Act. Clean power producers would be eligible to receive 1.5