Hot off the heels of the Federal Infrastructure Bill and the CHIPS and Science Act, the newly passed Federal Inflation Reduction Act (IRA), passed on August 12, 2022, is a nearly $400 billion legislative package that expands tax incentives and discounts for solar, electric vehicles and battery equipment, and other renewable energy resources.
On November 15, 2021, the Infrastructure Investment and Jobs Act, a $1.2 trillion piece of legislation with $550 billion in new spending, became law. To help you follow the money, the PowerOptions team has compiled the following list, outlining major upcoming grants included in the new law relating to your energy needs.
As in many states across the country, the clock is ticking on making the Commonwealth’s electric grid cleaner. Passed last year, An Act Creating a Next-Generation Roadmap for Massachusetts Climate Policy requires that Massachusetts cut its carbon emissions in half by 2030 and reach net zero by 2050. To accomplish this, millions of residents and businesses will need to be served by renewable energy sources within the decade.
This week The Boston Globe reported on an emissions reduction plan issued by the Massachusetts Department of Environmental Protection (DEP), which would cap the emissions from in-state power plants in order to comply with a Supreme Judicial Court (SJC) decision finding that the state was not on track to comply with the Global Warming Solutions […]
Yesterday’s announcement of an Eversource/DONG Energy joint venture for offshore wind development should send shivers up the spine of anyone who recalls the strategy behind restructuring the Massachusetts electric industry almost 20 years ago. This massive effort with deep impacts on the marketplace is exactly the kind of transaction the law was designed to prevent. […]
Recently, the Massachusetts Department of Energy Resources (DOER) released its long-anticipated report on energy storage, State of Charge. The report forecasts a promising future for the emerging technology, predicting up to 600 megawatts installed in Massachusetts alone by 2025 that could potentially result in $800 million in system benefits to customers. This report sets the […]
