electrification
Clean industry executives and experts at DOE's Deploy 2024 conference were surprisingly optimistic about continuing market growth linked to the boom in energy demand from data centers, AI and electrification.
ICF International forecasts that demand could increase by 9% by 2028, while peak demand could increase by 5% over the same period, according to a report it published.
Pennsylvania will use its $396.1 million Climate Pollution Reduction Grant on a statewide initiative to cut greenhouse gas emissions from industrial buildings through incentives for energy efficiency and emission-reduction technologies.
While their net-zero emission targets might not kick in until the 2030s, the power industry already is dealing with the issues they create, panelists said at the Electric Power Supply Association’s Competitive Power Summit.
California’s “leadership in electrification” will be a key driver of Pacific Gas and Electric’s expected customer growth over the next five years, CEO Patti Poppe said during an earnings call.
Slower anticipated growth in California’s population has prompted state regulators to downwardly revise the electricity demand forecast used for grid planning.
Transmission upgrades that are needed to avoid overloads in a fully electrified New England by 2050 could cumulatively cost between $22 billion and $26 billion, ISO-NE told its Planning Advisory Committee.
ACEEE released a report highlighting strategies for avoiding higher overall energy bills from electrification, which is a concern for states with high average power prices.
Markets, not subsidies, should dictate the pace and path of electrification, says regulatory economist Kenneth W. Costello.
A USEA media briefing addressed the “crisis ahead for electric utilities" as policymakers seek to decarbonize the grid while electrifying the economy.
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