Solar Power
Several clean energy industries were clear losers after former President Trump's reelection, and offshore wind and EV company stocks took hits the day after the election.
The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.
The NCUC approved Duke Energy's second Carbon Plan and Integrated Resource Plan, authorizing procurements of renewable energy, nuclear and demand response, while calling for its 8,000 MW of coal to be retired in 2036.
Keith Martin, a specialist in tax and renewable energy policy, said a Republican-led Congress would likely look to "cannibalize" parts of the Inflation Reduction Act.
NextEra Energy reported deals for 3 GW of new renewables with its third quarter financials and said it has reached a framework agreement totaling 10.5 GW with two major corporations.
Intersect Power is seeking approval for two 1.15-GW solar-plus-storage projects in California using a streamlined permitting process.
Small-scale solar arrays in New York have surpassed 6 GW of capacity, meeting a milestone 2025 goal more than a year early.
Dominion Energy’s 2024 Integrated Resource Plan calls for major expansions of offshore wind, solar power and natural gas to meet surging demand in its territory.
A total of 18.5 GWAC of large-scale solar was brought online last year, bringing total installed capacity to 80.2 GWAC in 47 states.
Virtual power plants can help the power grid deal with some of its most pressing issues, such as meeting rising demand and helping to integrate more renewables affordably.
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