Transportation Decarbonization
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Facing an expected surge in energy demand, New Jersey’s Board of Public Utilities outlined a draft EMP that would continue the state’s existing, vigorous electrification strategy.
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In a rapid series of announcements, EPA Administrator Lee Zeldin unleashed a full-scale offensive on the agency’s regulatory authority, as it seeks to roll back as many as 31 regulations.
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With a goal of registering 330,000 EVs in the state by 2025, New Jersey has more than 215,000 EVs on the road. The state gained momentum in 2023, adding about 62,500 vehicles for a 68% year-over year jump in sales.
U.S. Department of Transportation
The rescinded memo specifically recognized states’ authority to “determine which of their projects shall be federally funded by federal-aid highway formula dollars.”
NYISO
NYISO presented its assumptions for the economic and electrification trends that would drive load growth through the 2040s based on Moody’s Analytics data, which show statewide population to “significantly” decline.
Brattle Group
A Brattle Group study found that New York could achieve 8.5 GW in “grid flexibility” measures by 2040, saving consumers more than $2 billion a year.
PSEG
Public Service Enterprise Group saw an “over-12-fold” increase in mature leads and inquiries from customers exploring “large load and data center projects” over the past year, CEO Ralph LaRossa said in the utility’s fourth-quarter earnings call.
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Despite federal funding uncertainties, West Coast state officials said they’re moving forward with plans for a tri-state truck charging network that was previously awarded $102 million from the Federal Highway Administration.
Heitman
D.C. District Court Judge Loren AliKhan issued a temporary restraining order on OMB from pausing all federal grants and loans.
BloombergNEF
While it was the first time BNEF calculated global energy transition investments at greater than $2 trillion in its annual report, the 11% year-over-year growth was less than in the preceding three years.
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