A two-year extension of the investment tax credit (ITC) for solar systems as well as new funding for energy storage research are included in the US’ wide-reaching pandemic relief package that was approved by Congress on Monday evening.
A new strategic plan putting the New York Power Authority (NYPA) on the path to 100% carbon-free electricity by 2035 - five years earlier than the target set out in the US state’s policy goals - has been approved by the state public power organisation’s Board of Trustees.
One of the planet’s most abundant elements, hydrogen has the capacity to be a game-changer in decarbonising the global energy system, writes Janice Lin, founder and president of the Green Hydrogen Coalition
Energy storage systems were historically used for grid balancing purposes within Europe, limiting their use to such applications or to be considered as “auxiliaries” to renewable generation assets. However, as market prices evolve and new revenue streams emerge, stakeholders must discover the diverse applications that such systems can tap into, writes Naim El Chami
US policymakers should explore the possibility of scrapping the investment tax credit (ITC) for solar PV and instead offer fiscal support for battery storage systems, an energy finance executive has said.
Iberdrola is set to double its renewables capacity by 2025 through a €75 billion (US$88.9 billion) investment package that sees the Spanish utility seek to take advantage of the “global energy revolution” and reach carbon neutrality in ten years.
A multi-gigawatt co-location market looks set to take off within the next five years, however uncertainty over DC coupling, the need for costly symmetric grid connections and outdated regulatory frameworks risk stymying the market’s growth.