WASHINGTON DC - President Joe Biden has signed a bill into law that will make used electric cars cheaper than ever — but there's a lot that buyers should consider before purchasing a secondhand electric vehicle. The Inflation Reduction Act revises the current tax credit for EV purchases and adds an up-to-$4,000 incentive for used cars. The program goes
WASHINGTON DC - The Inflation Reduction Act recently passed by Congress adds significant long-term certainty for electric utilities and power generators eager to transition to cleaner power sources, but the effects won't be felt for a few years. That doesn't mean industry is waiting around in the meantime. In an astonishing trend, the United States
LONDON, UK - A massive offshore wind project has been underway off the coast of England for over four years. Construction of Hornsea One started in January 2018, and generated its first power a year and a half later. Meanwhile, construction of neighboring Hornsea Two got underway, with that site first coming online last December. Now the project is at
SAN FRANCISCO - With passage of the Inflation Reduction Act, which contains $370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power. Today the U.S. has just two operating offshore wind farms, off of Rhode Island and North Carolina, with
BILLINGS, Mont. — The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels. It came at a pivotal time for Chevron, Exxon and other industry players: the
BRIGHTON – Electric vehicles are becoming all the rage as consumers seek to break their dependence on expensive gasoline and also create a smaller carbon footprint. But can an electric grid that’s already strained under increased demand from manufacturing, indoor horticultural and overtaxed Internet data centers still be able to charge tens of millions of
PALO ALTO - With energy and fuel costs at an all-time high, the world is seeking cost-effective solutions for moving away from oil and gas for energy needs. A new Stanford University study says it might not be as difficult as we think to switch to all renewable energy sources. After examining 145 countries, the
LONDON, UK - The publication of Bill McGuire’s latest book, Hothouse Earth, could not be more timely. Appearing in the shops this week, it will be perused by sweltering customers who have just endured record high temperatures across the UK and now face the prospect of weeks of drought to add to their discomfort. And
DETROIT - The Midcontinent Independent System Operator on Monday, approved a $10 billion investment for 18 long-term transmission projects for its Midwest Subregion. Natalie McIntire, technical consultant for the Clean Grid Alliance, called the action monumental amid the push for a carbon-free future under goals set out by state governments and utilities themselves. The operator estimated
LONDON, UK - The CEO of the biggest power company in the US had a problem. A Democratic state senator was proposing a law that could cut into Florida Power & Light’s (FPL) profits. Landlords would be able to sell cheap rooftop solar power directly to their tenants – bypassing FPL and its monopoly on electricity. “I
