In April of 2024, the Railroad Commission of Texas (“RRC”) posted a year-end review of production for the year of 2023. According to the RRC, Texas oil and gas production reached record highs in the year of 2023....more
As cryptocurrency has increased its notoriety in the US, so has its demands on the US electrical grid. Indeed, the US is witnessing a constantly proliferating number of cryptomining facilities, which are large spaces – often...more
The United States Energy Information Administration (“EIA”) issued a September 5th report titled: Batteries are a Fast-Growing Secondary Electricity Source for the Grid (“Report”). The source of the data utilized in...more
The United States Energy Information Administration (“EIA”) issued an August 19 report titled: U.S. Power Grid Added 20.2 GW of Generating Capacity in the First Half of 2024 (“Report”). The source of the Report’s...more
California has given America a glimpse at what running one of the world’s largest economies on renewable energy might look like. The state recently hit a milestone: 100 days this year with 100% carbon-free, renewable...more
The U.S. Senate has passed a groundbreaking bill aimed at accelerating the deployment of nuclear energy capacity. The ADVANCE (Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy) Act seeks to expedite...more
The United States Energy Information Administration (“EIA”) issued an April 4th Report titled: April 8 solar eclipse will briefly limit solar electricity generation across the country (“Report”)....more
In the U.S., wind and solar project development continues to increase. In fact, the Energy Information Administration (EIA) anticipates that wind and solar energy will continue to exceed electrical generation by other means....more
Financial Institutions Add Bitcoin ETFs, Crypto Product Integrations Continue - According to recent reports, two major U.S. financial institutions have begun offering spot bitcoin exchange-traded funds (ETFs) to their...more
Crypto Exchanges Launch Institutional Platform, LATAM Stablecoin - A major U.S. cryptocurrency exchange recently announced the launch of an institutional platform “aimed at institutions, asset managers, hedge funds and...more
The United States Energy Information Administration (“EIA”) issued a February 15th report titled: Solar and Battery Storage to Make Up 81% of New U.S. Electric-Generating Capacity in 2024 (“Report”)...more
New Crypto Indices Launch; Crypto Firms Announce Product Integrations - According to a recent press release, SIX, a major Swiss stock exchange and global financial information provider, has launched new SIX Reference Rate...more
The United States Energy Information Administration (“EIA”) issued a February 1st analysis titled: Tracking Electricity Consumption from U.S. Cryptocurrency Mining Operations (“Analysis”) The Analysis undertakes a review of...more
President Joe Biden on Jan. 26, 2024, announced a pause on pending decisions for permits to export liquified natural gas (LNG) to non-free trade agreement countries until the U.S. Department of Energy (DOE) can update the...more
The United States Energy Information Administration (“EIA”) published a December 11th report entitled: New Renewable Fuel Standard Volume Targets Facilitate Renewable Natural Gas Production (“Report”)...more
Womble Bond Dickinson (WBD)’s 2024 Energy Transition Outlook Survey Report points to a new phase in the multi-generational journey to Net Zero. While 56% of our respondents are deepening their focus on their transition...more
The United States Energy Information Administration (“EIA”) issued a November 7th report titled: EIA Expects U.S. Annual Solar Electricity Generation to Surpass Hydropower in 2024 (“Report’) The Report forecasts that the...more
President Joe Biden announced Monday a $1.3 billion federal investment to build three new interstate power lines in an effort to upgrade the nation’s outdated electric grid and transition to clean energy....more
The United States Energy Information Administration (“EIA”) published an October 3rd report titled: U.S. Construction Costs Dropped for Solar, Wind, and Natural Gas-Fired Generators in 2021 (“Report”)...more
The United States Energy Information Administration (“EIA”) issued a June 14th report titled: U.S. Electric Power Sector Continues Water Efficiency Gains (“Report”) ...more
IRS Notice 2023-29 (the “Notice”) provides initial guidance on “energy community” tax credit bonuses. The Notice describes certain relevant rules and concepts that the Treasury and IRS intend to include in forthcoming...more
The United States Energy Information Administration (“EIA”) issued an April 13th report titled: U.S. Electric Capacity Mix Shifts from Fossil Fuels to Renewables in AEO2023 (“Report”)...more
The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain renewable energy tax credit provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”).[1] The IRA additions included a new energy...more
On April 4, 2023, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) released Notice 2023-29 (the “Notice”) providing a high-level overview of the rules they intend to include in...more
Electricity generated from renewables surpassed coal in the United States for the first time in 2022, the U.S. Energy Information Administration (EIA) announced Monday. Renewables also surpassed nuclear generation for the...more