MISO Proposes Fast-Track Energy Storage Projects to Enhance Interconnection Efficiency

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Energy Storage and Renewables

MISO aims to expedite energy storage projects, potentially allowing participating states to connect these resources more swiftly than CAISO and ERCOT. The Expedited Resource Addition Study proposal might present an excellent opportunity for faster energy storage interconnections. (6 min read)

This Week in Cleantech discusses how former President Trump’s unpredictability has unsettled investors in the cleantech sector. This weekly podcast covers the most significant stories in cleantech and climate in under 15 minutes. (4 min read)

Power Grid Innovations

As professionals from around the globe gather at POWERGEN International in Dallas, Texas, discussions focus on how AI and a comprehensive strategy can empower power providers amidst rapid load growth. (9 min read)

Industry Updates

• A wave energy company has received $18 million from the European Innovation Council accelerator program.
• Newly financed community solar projects could help reduce electricity bills in Maine.
• A California utility claims its accelerated connection for new data centers will lower customer rates.
• Virginia lawmakers are prepared to enhance energy storage capabilities as power demand rises.

New York has allocated millions for new hydropower projects, with economic development awards leading to over $940 million in capital investments and supporting 1,774 jobs statewide. (Business, Dams & Civil Structures, Hydropower)

Federal Policy Impact

The clean energy tax credits established by the Inflation Reduction Act have generated thousands of jobs in local communities. However, a freeze on federal loans and grants is leaving farmers and rural businesses without funds for their clean energy projects. (5 min read)

Renewable Energy Forecast

The latest EIA power generation forecast indicates that solar will rise while gas will decline over the next two years. If U.S. electricity generation increases during this period, it will mark the first consecutive growth since 2005-2007. (2 min read)

Texas Energy Landscape

Texas has outpaced all other states in adding solar and battery storage to its grid last year, solidifying its position as a leader in renewable energy development. This trend follows its previous dominance in wind power. (5 min read)

International Collaborations

• Eco Wave Power has signed a significant Memorandum of Understanding (MoU) with India’s Bharat Petroleum to develop wave energy projects, beginning with a feasibility study. (2 min read)
• A report from the University of Edinburgh highlights that marine energy could provide over £8 billion in economic benefits to Scotland. (2 min read)

Infrastructure Developments

Fortum, a Finnish clean energy company, is initiating a two-year feasibility study for new pumped hydro storage plants in Sweden. (3 min read)

Iberdrola’s Alto Tâmega Hydroelectric Plant has been recognized by the Portuguese Water Resources Association as one of the largest hydroelectric projects in Europe over the past 25 years, with a total investment exceeding $1.5 billion. (3 min read)

Future Challenges

Experts warn that Texas may face energy demand exceeding supply by 2026, although some express skepticism about ERCOT’s predictions. (5 min read)

The Minnesota Public Utilities Commission has approved a key $1 billion, 180-mile, 345-kV transmission line, a significant step for electricity infrastructure in the region. (4 min read)

Eaton is investing $340 million in a new transformer manufacturing facility in South Carolina, marking its third such site in the U.S. (4 min read)

Upcoming Events

DISTRIBUTECH 2025 will be held from March 24-27, 2025, in Dallas, Texas, featuring the latest in transmission and distribution technologies. (1 min read)

DTECH: Data Centers and AI on May 27 in San Jose, California, will address the growing needs for power in AI and data center operations, prompting the search for innovative solutions. (1 min read)

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