January 28, 2025

Generation & Fuels

NYSERDA
Ørsted Takes $1.7B Impairment on US Offshore Wind
Cost increases, delays and diminished value of assets contributed to Ørsted's latest setback — which was announced before President Trump targeted offshore wind in an executive order.
C-SPAN
Trump to Declare ‘National Energy Emergency’ to Ramp up Oil, Gas Production
Minutes after he was sworn in as 47th president of the United States, Donald Trump signaled his intention to rapidly increase production of oil and gas.
Shutterstock
DC Circuit Vacates LNG Rail Safety Rule from First Trump Administration
The D.C. Circuit Court overturned a rule issued in Trump's first term on shipping LNG over rails, which the Biden-era PHMSA did not replace, directing the agency to pay closer attention to the risks an accident would pose.
Senate Energy and Natural Resources Committee
Burgum Criticizes ‘FERC Queues’ for Too Many Renewables
The 2,600 GW of wind, solar and storage sitting in interconnection queues across the U.S. represent a major imbalance in energy resources that could lead to brownouts or blackouts, former North Dakota Gov. Doug Burgum (R) said during his Senate confirmation hearing. 
IEA
IEA Sees Momentum Toward New Nuclear Era, Obstacles
The International Energy Agency concludes in a new global review that high cost, long delays and other challenges must be addressed before nuclear power can experience sustained growth.
DTE
LPO Offers Eight Utilities $22.9B in Loan Guarantees
The U.S. Department of Energy has made conditional loan commitments totaling $22.9 billion to utilities for transmission, pipeline and clean power investments. 
Senate Energy and Natural Resources Committee
Trump DOE Nominee Wright Seeks to Assuage Senate Democrats
Chris Wright, President-elect Donald Trump’s nominee to head the Department of Energy, positioned himself as a supporter of an all-of-the-above approach to developing generation and transmission before the Senate Energy and Natural Resources Committee.
Ørsted
Oceantic Emphasizes OSW’s Economic Benefits
Oceantic Network released a report on the thousands of jobs created and billions of dollars invested through more than 1,900 supplier contracts that span 40 states. 
USDA
USDA Allocates $6B More for Rural Clean Energy
The Department of Agriculture’s announcements involve the Empowering Rural America and Powering Affordable Clean Energy programs. 
Switch
Biden Wants Data Centers, Clean Energy on Federal Land by 2027
With days left in his administration, President Joe Biden issued an executive order aimed at siting and permitting cutting-edge artificial intelligence data centers on federal land by 2027.

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