Category: En_So_Renew_CN Legislations_MN PATA_Inflation_Reduction_Act_2022_Related

The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction Act (IRA). The bill, which now heads to President Joe Biden for his signature, includes major provisions to combat climate change, including support for a variety of clean energy initiatives. It also offers benefits for the fossil fuel sector.

The confluence of the need for renewable energy with China’s dominance in the “rare earth minerals market” puts America’s supply chains for these essential components in a precarious position, say extraction and refining executives in Denver.
China controlled more than 80% of the supply for these minerals in 2017, but that share of worldwide production dropped to about 60% by 2021, according to a 2022 U.S. Geological Survey report.

Kings County Supervisor Joe Neves guided his pickup to a stop next to a long line of chain-link fencing. On one side of a gravel road stood row after row of glinting solar panels. The automated mirrors pivot and turn, following the sun in its daily path across the Central Valley sky.
Neves, a big man with a wispy Santa Claus beard, was showing off the county’s newest mega solar power project, still under construction on 1,600 acres. A state-of-the-art facility, it includes powerful batteries to store and deliver power after the sun sets.

Often described as a giant tower of Jenga blocks, Boston University’s Center for Computing and Data Sciences shows no outward signs of leading the race to sustainable energy design. No rooftop wind turbines grace its heights; no solar panels are mounted on the multiple roof decks jutting out from the building’s core.

Sen. Kyrsten Sinema said late Thursday she will support moving forward with Democrats’ health, tax and climate bill, a strong sign that the party will be able to advance some of its major policy priorities before the midterm election.

The New York Power Authority is the largest public power utility in the country by generation but officials told state lawmakers on Thursday that they do not support legislation enabling it to build more renewables in order to drive down ratepayer costs.

Developers installed 3,188 MW of utility-scale clean power in the second quarter, 55% less than the same period last year, according to a new report from the American Clean Power Association.

The sites, once a source of greenhouse gases, have a useful feature: They’re wired to the electricity grid. For new ventures like solar farms, that can save a lot of time and money.

Last week the BP Statistical Review of World Energy 2o22 was released, covering energy data through 2021. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. It is a primary data source for numerous companies, government agencies, and non-government organizations.

London and New York, June 30, 2022 – The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has temporarily retreated to where it was in 2019. Cost rises are linked to increases in the cost of materials, freight, fuel and labor.