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US Department of Energy to deploy $1.2bn for transmission buildout

Smart Energy International

The Department has issued a Request for Proposals (RFP) for the second round of the Transmission Facilitation Program, a revolving fund supported by the Bipartisan Infrastructure Law to help overcome financial hurdles facing large-scale new and upgraded transmission lines. Through the RFP, $1.2

Energy 69
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Copper extraction project in Arizona aims to harness geothermal heating

ThinkGeoEnergy

The integration of microgrid and battery elements has also been proposed for the Morenci mine, adding reliability to the electrical distribution system and potentially the regional grid, and providing battery storage for backup during power outages. The money is part of the bipartisan infrastructure law that passed in 2021.

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Smart Energy Finances: Funding for Capalo AI’s market optimisation platform

Smart Energy International

For example, in windy weather, the prices of renewable energy are low, and therefore, its financial benefit remains low, i.e., wind power becomes a less lucrative investment option. This has led to the construction of batteries next to the turbines, which enables the energy to be discharged into the grid more evenly.

Energy 119
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Building next-generation electric power communication networks

Smart Energy International

In the new electric power system where the proportion of new energy is increasing, new energy access and massive power and electronic devices make the system more complex. The operation of the power grid faces many challenges, such as increasing uncertainty in electric power balance and decreasing system inertia.

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Drax Cancels Plan to Build Europe’s Largest Natural Gas Power Plant

GreenTechMedia

’s climate change laws. Dan Eager, principal analyst for European power at Wood Mackenzie Power & Renewables, agrees that results from the T-4 capacity market auction are likely to have been a significant factor. The Keadby 2 gas power station, under construction now, secured a 15-year contract for 803.7

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Dominion Targets 24GW of Renewables and Storage in Move Toward Virginia’s Clean Energy Goals

GreenTechMedia

Utility Dominion Energy is planning a major shift toward renewable energy and batteries as it looks to comply with Virginia's ambitious new clean energy law. Under the law, Dominion Virginia and the smaller Appalachian Power Co. Major boosts for solar, offshore wind and energy storage.

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US Department of Energy announces $3.5bn for grid resilience

Smart Energy International

billion GRIP Program, which itself is one of several tools from President Biden’s Investing in America agenda that DOE is meant to use to strengthen, diversify, and expand America’s power grid while creating union jobs and building community climate resilience.