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Xcel Targets $1.4B in Wind and Solar Investments, Outlines Broader Carbon-Reduction Goals

GreenTechMedia

billion in new wind and solar investments in the next 12 months and is outlining plans for electric vehicle charging, energy storage and green hydrogen production pilot programs to meet its goal to reach net-zero carbon emissions by 2050. billion, five-year capital investment plan from the multistate utility.

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Renewables make up nearly all of Texas’ new generating capacity. Can the market keep up the momentum?

Renewable Energy World

S&P Global Market Intelligence notes that power plant operators added 8,139 MW of new generating capacity to the ERCOT market last year -- 42% came from wind and 40% from solar. Natural gas-fired additions made up 13% of the new capacity. ERCOT is gaining ground in the energy storage sector.

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NuScale’s Federal Safety Approval Moves US Modular Nuclear Reactors a Step Closer to Reality

GreenTechMedia

While small modular reactors have powered naval ships for decades and are also in use in other military applications, they’ve yet to be approved for use in commercial power generation. NuScale investors include major government contractors and nuclear energy engineering firms such as Ares Corp.,

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Can the US Catch Up in the Green Hydrogen Economy?

GreenTechMedia

needs a massive green hydrogen industry to decarbonize its electricity, transportation and industrial sectors, and major investments and policy changes today to enable it to grow to its full potential in the decades to come. lags behind China, Japan and the European Union in infrastructure and research investments to reach this potential.

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The 4 Things PG&E Must Do to Survive and Thrive Post-Bankruptcy

GreenTechMedia

The San Francisco-based utility is emerging from bankruptcy with a massive debt load that could make it harder to raise the tens of billions of dollars of investment needed to prevent its power grid from causing more devastating wildfires. PG&E plans to invest about $40 billion over the next five years into its power grid.

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Can Joe Biden Decarbonize The U.S. Power Sector By 2035?

R-Squared Energy

We’re going to make a major investment to build 1.5 He didn’t mention nuclear power or carbon sequestration in this speech, but his website does mention them among four specific goals designed to decarbonize the power sector. Biden’s plan calls for: Grid-scale storage at one-tenth the cost of lithium-ion batteries.

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Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities

38 North Solutions

1 The credit is an investment tax credit, meaning it equals 30 percent of the qualified investment for such taxable year with respect to any qualifying advanced energy project placed in service in the taxable year. low- or zero-carbon process heat systems; b. carbon capture, transport, utilization and storage systems; c.

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