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Channel: Utility trends – Institute for Energy Economics & Financial Analysis
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Decker coal mine in Montana closes in wake of Lighthouse Resources’ bankruptcy

Casper Star Tribune: A Powder River Basin coal mine has closed down for the first time in modern history. At the end of January, mining ceased at the Decker coal mine in Montana after the owner of the...

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U.S. renewable energy capacity additions climbed by record levels in 2020

S&P Global Market Intelligence ($): U.S. power plant developers added more wind, solar and energy storage capacity in 2020 than ever before, according to a new report highlighting the country’s...

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U.S. transmission operator MISO says it can cope with 50% renewable generation

S&P Global Market Intelligence ($): The Midcontinent ISO, the electric transmission grid operator for 15 U.S. states spanning from the Upper Midwest to the Gulf Coast along with the Canadian...

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Vistra proposes 600MW battery storage project in California

Paso Robles Daily News: A Texas energy company is proposing to build the world’s largest utility-scale battery storage facility on the site of the old Morro Bay Power Plant. Vistra Energy presented its...

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Speed of energy transition forces Australia’s AGL to reconsider business...

Renew Economy: AGL says it will urgently rewrite its business strategy after rapid market change forced it to announce a massive loss in the December half, and as demand for home batteries, remote...

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U.S. utilities see rising potential for green hydrogen

S&P Global Market Intelligence ($): Electric utilities and independent power producers are positioned as key players to help speed cost reductions for green hydrogen, a fuel predicted to become...

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Battery storage notches big win in latest New England capacity auction

Greentech Media: Battery plants have established themselves in the sunny Southwest, but this week was the first time they won big in New England. San Francisco-based developer Plus Power won two bids...

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NextEra brings first section of massive California battery storage complex...

S&P Global Market Intelligence ($): NextEra Energy Resources LLC has connected a 115-MW lithium-ion battery storage system to its existing 131.2-MW Blythe Solar II facility in eastern Riverside...

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Wisconsin utility proposes large solar-plus-storage facility

Energy Storage News: The U.S. state of Wisconsin’s first large-scale solar farm only went online in late 2020, but electric and gas delivery holding company WEC Energy Group has just proposed plans for...

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Midwest utility backs coal plant securitization, cites customer demand for...

Energy News Network: In a reversal from previous legislative sessions, Kansas City utility Evergy is backing proposals in two states aimed at buffering customers and investors from the costs associated...

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Indiana utility to shutter two units at R.M. Schahfer coal plant by year’s end

S&P Global Market Intelligence ($): Northern Indiana Public Service Co. will retire two units at the 1,625-MW R.M. Schahfer coal plant by the end of the year as part of an accelerating transition...

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U.S. added record amount of wind, solar capacity to grid in 2020—BNEF

Greentech Media: Amid a historic economic contraction, renewable resources grew to account for one-fifth of all electricity produced in the U.S. in 2020, according to newly released data from Bloomberg...

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Dominion to trade coal for gas at its South Carolina utility

The Post and Courier: Dominion Energy South Carolina now says it can retire coal-fired power generation by 2030, a significant reversal from plans released by the utility just last year. Dominion’s new...

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Arch planning for Black Thunder mine’s closure as U.S. coal demand continues...

S&P Global Market Intelligence ($): The owner of the second-largest coal mine in the U.S. by production volume is planning for the asset’s closure as retirement dates approach for several plants...

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Replacing gas peakers could be 100GW market for battery storage in U.S.,...

S&P Global Market Intelligence ($): Adjacent to Vistra Corp.’s natural gas-fired Moss Landing CC power plant on California’s Monterey Bay, two of the world’s biggest lithium-ion battery storage...

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Engie to close its remaining coal plants by 2027

S&P Global Market Intelligence ($): Engie SA will close its last coal plants in Europe, Africa and Latin America by 2027, part of the company’s ongoing quest to simplify its business and put a...

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Portugal’s EDP to build 20GW of renewable energy capacity in next five years

S&P Global Market Intelligence ($): EDP – Energias de Portugal SA will double the pace of its renewable energy installations during the next five years, spending €19 billion to build 20 GW of new...

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Texas freeze forces Brazos cooperative to file for bankruptcy

Reuters: Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator....

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EIA: Gas supplied 40% of U.S. electricity in 2020, renewables topped coal for...

S&P Global Market Intelligence ($): Natural gas provided the largest single share of U.S. power generation for the year 2020, supplying two-fifths of the total. According to the U.S. Energy...

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U.S. battery storage installations surged in 4th quarter 2020, much more is...

E&E News ($): The energy storage industry is shattering records for battery deployments, underscoring its growing role in decarbonizing the economy. In the last three months of 2020, nearly 2.2...

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