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The annual New York energy storage conference and expo came with excellent timing this year, as progress at the state level was matched by looming obstacles at the federal level.
House Ways and Means Committee
Efforts by U.S. House committees to mark up the “One, Big Beautiful Bill” that includes most of President Donald Trump’s legislative goals could so complicate energy tax credit provisions as to make those instruments difficult to use at all.
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Key House committees are marking up “One Big, Beautiful Bill” for the fiscal 2025 budget that includes much of President Donald Trump’s legislative goals, including clawing back funds and phasing out tax credits for clean energy.
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A coalition of 17 states alleges that President Donald Trump’s administration is withholding billions of dollars in congressionally approved funds meant for the expansion of electric vehicle charging infrastructure.
Duke Energy
Duke Energy described plans to invest up to $200 billion in the next decade to meet demand growth across its multiple utilities during an earnings call for the first quarter of 2025.
Senate Energy and Natural Resources Committee
Energy Secretary Chris Wright testified about the Trump administration's budget request and took flak mostly from Democrats on his department's review of previously authorized spending.
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Offshore wind advocates are closely monitoring and vigorously lobbying Congress to assess and shape potential changes to the Inflation Reduction Act and its budget.
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A group of 18 Democratic state attorneys general filed suit against President Donald Trump’s executive order that halted wind energy projects’ federal approvals.
CRES
A new Citizens for Responsible Energy Solutions report argues that blue hydrogen is poised to help expand U.S. energy dominance as the global market for lower-emissions hydrogen takes shape.
Dominion Energy
Dominion Energy reported that Coastal Virginia Offshore Wind has already seen slight cost impacts from President Trump's tariffs, which could grow as the project is still on track for completion in 2026.
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