article thumbnail

New Jersey’s PSEG Seeks to Sell Merchant Fossil, Solar Fleet

GreenTechMedia

New Jersey utility Public Service Enterprise Group (PSEG), facing state clean energy mandates and an economic imperative to shift its business to regulated assets, is seeking to exit its merchant fossil and solar generation business, while retaining its nuclear power plants and exploring a major expansion into offshore wind.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Southern Company Commits to Net-Zero Carbon by 2050, but Seeks New Gas Plants for Now

GreenTechMedia

.; its Southern Power competitive power arm which owns about 12.8 gigawatts of generation capacity, including substantial amounts of wind and solar; and its Southern Nuclear arm, which operates six nuclear power plants and is building the country’s only new nuclear capacity at its Vogtle site in Georgia.

Carbon 130
article thumbnail

? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. ☢️ US nuclear power saw mixed results.   We hope you’re settling into your EOY reflections (or mad deal dash) and have space in your inboxes and hearts for our final issue on Friday to cap off the year.

article thumbnail

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

GreenTechMedia

At the very least, utilities will need plans that can get them most of the way there, while rushing ahead with next-generation technologies: long-duration energy storage, small modular nuclear reactors or green hydrogen and methane to fuel natural gas peaker plants. Here's a look at the five largest U.S.

Carbon 246
article thumbnail

? Charting a course to curb maritime emissions

Climate Tech VC

This annual assessment acts as a “stick” policy to push shippers to decarbonize and ratings will become more stringent over time, with the threshold for each decreasing by ~2% each year—meaning ships that receive an A in 2023 could get a B rating in 2024 with the same CII score. Ease of Adoption: Easiest.

article thumbnail

What is in the Inflation Reduction Act of 2022? We summarize.

38 North Solutions

Methane and Superfund. -$15 Part 1 (First 3 years or 2022-2024). Should this bill become law, from 2022-2024, these credits are extended and restored to their full value. ZERO EMISSION NUCLEAR POWER PRODUCTION CREDIT. Creates a new production tax credit for nuclear power. . -$100 billion. . .