U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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PSEG Files Application to Extend Zero Emission Certificates (ZECs) for New Jersey's Carbon-Free Nuclear Power Facilities

LCG, October 2, 2020--PSEG yesterday filed applications to extend Zero Emission Certificates (ZECs) for the Salem and Hope Creek nuclear power plants in Salem County in order to preserve New Jersey's largest carbon-free source of electricity and to help New Jersey achieve its clean energy goal of 100 percent carbon-free energy supply by 2050.

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Industry News

California PUC Targets Doubling Renewable Energy by 2030

LCG, March 27, 2020--The California Public Utilities Commission (CPUC) yesterday unanimously approved a new emissions target for its electric sector that would double California's clean energy capacity through 2030 and effectively block new natural gas-fired electric generating facilities.

The CPUC set a target for the electric sector to reduce greenhouse gas (GHG) emissions to 46 million metric tons by 2030, or 56 percent less than 1990 emission levels. California's overall goal is to reduce GHG emissions to 40 percent below 1990 levels by 2030.

"The Decision adopted today provides guidance to load-serving entities to go out and procure approximately double the amount of renewable and storage capacity that is currently online in the electric system in California," said one of the CPUC Commissioners.

The CPUC reference portfolio identifies the need by 2030 for nearly 25 GW of additional renewable and storage resources, including 8,900 MW of new battery storage, which is roughly eight times the front-of-meter battery storage capacity installed in the U.S. today.

The challenge to the California electric sector will be even greater if electrification of (i) transportation, i.e., transitioning from gasoline vehicles to electric vehicles (EV), and (ii) space heating, i.e., moving from natural gas heating to electric heat pumps, increases the demand for electricity.

The CPUC also closed a loophole that would have allowed development of new (but not existing) natural gas plants if paired with energy storage.
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