New Legislation Would Extend Investment Tax Credit to Standalone Storage - On 9 March 2021, a bipartisan group of federal lawmakers introduced the “Energy Storage Tax Incentive and Deployment Act” (H.R. 1684/S. 627), a...more
M-RETS Develops First Hourly Renewable Energy Certificate Retirement - On March 1st, M-RETS announced that it had completed the first-ever hourly Renewable Energy Certificate (REC) retirement. The hourly REC retirement system...more
New GREEN Act Could Extend and Create New Credits for Renewable Energy, Energy Storage, Carbon Capture, and Electric Vehicles - On 5 February, the House Ways and Means Subcommittee on Select Revenue Measures announced the...more
SOUTHWEST POWER POOL GROWS ENERGY MARKETS EXPANDING RENEWABLE TRADING - On 1 February, Southwest Power Pool (SPP) launched a real-time balancing market initiative to include eight utilities and transmission authorities across...more
Kaua‘i Island Utility Cooperative to Develop Solar + Pumped Storage Hydro Project - On 7 January 2021, Kaua‘i Island Utility Cooperative (KIUC) signed agreements with The AES Corporation (AES) for the development,...more
NORTHEAST AND MID-ATLANTIC STATES ADOPT THE TRANSPORTATION AND CLIMATE INITIATIVE PROGRAM - On 21 December 2020, the states of Connecticut, Massachusetts, and Rhode Island, and the District of Columbia signed a memorandum of...more
FERC Rolls Back ISO New England Tariff Incentivizing New Generation and Storage Projects - On 2 December 2020, the Federal Energy Regulatory Commission (FERC or the Commission) ordered the abandonment of a tariff regime...more
California Utilities to Launch Hydrogen Blending Demonstration Project - On 23 November 2020, Southern California Gas Co. (SoCalGas) and San Diego Gas and Electric (SDG&E) announced the creation of the Hydrogen Blending...more
Arizona Outlines Plan for Carbon-free Power by 2050 - Arizona regulators outlined recently a plan to achieve 100 percent carbon-free power by 2050....more
FACEBOOK AND CARNEGIE MELLON PARTNER TO USE AI FOR STORAGE SOLUTIONS - On 14 October 2020, Facebook and Carnegie Mellon University released publicly a dataset of 1.3 million electrocatalyst simulations, a result of a...more
On 24 September 2020, the European Commission (Commission) launched its Digital Finance Strategy (Strategy). The Strategy includes, among other elements: (i) a proposal for a Regulation on Markets in Crypto-Assets with its...more
FERC FINDS ESRS CAN BE A “LOAD-SHAPE MODIFYING DEVICE” FOR DEMAND RESPONSE - On 17 September 2020, the Federal Energy Regulatory Commission (“FERC”) granted a petition for declaratory order (172 FERC ¶ 61,249) regarding the...more
FERC REVISES ANALYSIS FOR CERTIFICATION OF QUALIFYING FACILITIES - On 1 September, the Federal Energy Regulatory Commission (FERC) issued an order (172 FERC ¶ 61,194) denying an application from Broadview Solar, LLC to...more
On 21 September, the Office of the Comptroller of the Currency (OCC) issued Interpretive Letter Number 11721 (Letter) confirming that national banks and federal savings associations (collectively, national banks) can hold...more
On September 17, the Conference of State Bank Supervisors (CSBS) announced that at least 40 states will establish a joint examination process for “nationwide payments firms” for the 2021 examination cycle. Known as “MSB...more
SOUTHERN CALIFORNIA EDISON INVESTS IN EV CHARGING - California regulators recently approved the largest utility-led deployment of electric vehicle charging equipment in the United States. Under the new program, Southern...more
ILLINOIS ROLLS OUT ENERGY STRATEGY FOR 100% RENEWABLE ELECTRICITY - On 21 August 2020, Illinois Governor J.B. Pritzker published the state’s “Putting Consumers & Climate First” plan. The initiative outlines eight principles...more
Canadian Provinces Expand Planned Development of Small Modular Nuclear Reactors - On 10 August, Alberta joined an interprovincial Canadian memoranda of understanding (MOU) with New Brunswick, Ontario, and Saskatchewan to...more
FLORIDA UTILITY PLANS FIRST HYDROGEN FACILITY - On 27 July, Florida Power & Light Company (FPL) proposed an innovative hydrogen pilot project in conjunction with the decision to close its coal-fired generation unit in June...more
A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector. - British Government Announces New Investments in Small Nuclear Reactor Projects -...more
On 23 June, the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed rule, Financial Factors in Selecting Plan Investments (the Proposed Rule). EBSA has regulatory authority over...more
Since finalizing the “BitLicense” regulatory regime in June 2015, the New York Department of Financial Services (NYDFS) has granted only 25 licenses. This underscores how the BitLicense regulatory framework has been a barrier...more
Two Major Florida Utilities Begin to Transition Away from Coal - On 25 June 2020, JEA elected to withdraw from its minority share of ownership of Unit 4 at the Plant Scherer coal-fired power plant, the nation’s largest...more
It’s no secret that accessing the New York market is difficult, if not impossible, for some digital asset companies, especially those in their early stages. New York’s Department of Financial Services (“DFS”) is hoping to...more
A biweekly update on blockchain technology applications, distributed energy resources, and other innovative technologies in the energy sector. SUNRUN AND SCE PARTNER FOR RESIDENTIAL STORAGE VIRTUAL POWER PLANTS - On 16 June...more