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The release of the PJM Interconnection’s Base Residual Auction (BRA) results for the 2028/2029 delivery year has once again put the structural friction of the U.S. mid-Atlantic power market into sharp focus. For the third consecutive year, the region's capacity auction cleared right at the pre-set, FERC-approved price cap. While the headline figure points to tight RTO-wide conditions, a closer look at the market mechanics, geographic outliers, and the specific energy sources

How AI, Data Centers, and Explosive Load Growth Are Reshaping Solar and Storage Economics Through 2029 The future of ERCOT is not defined by higher average electricity prices. It is defined by wider price spreads, accelerating demand growth, and the increasing value of flexibility. ERCOT is transitioning from a renewable growth story to a flexibility story. For most of the past decade, ERCOT has been the growth market of the U.S. power sector. Texas led the nation in wind dev

For nearly two decades, PJM benefited from relatively flat electricity demand, comfortable reserve margins, and moderate wholesale power prices. That era is ending. Artificial intelligence, hyperscale data centers, electrification, and industrial growth are driving demand expansion at a pace not seen in decades. Meanwhile, thermal generation retirements, transmission constraints, and lengthy interconnection timelines are limiting the speed at which new supply can enter the ma

For decades, commercial and industrial developers operating in the United States adhered to a simple timeline: secure the land, design the facility, and file an interconnection request with the local utility. Power was treated as a given—a reliable utility function that would be waiting at the fence line by the time construction wrapped up. That era is officially over. Driven by an unprecedented surge in power demand from artificial intelligence data centers, manufacturing re

For years, the Electric Reliability Council of Texas (ERCOT) operated its large-load interconnection queue on a predictable cadence: first-in, first-studied. If you were a developer looking to connect a substantial electric load to the grid, you entered your Large Load Interconnection Study (LLIS) request and waited your turn in sequence. But Texas has outgrown its own rules. Driven by an astronomical influx of data centers, AI infrastructure, crypto operations, and Permian B

For years, the playbook for developing renewable energy in Texas was straightforward: find cheap land in West Texas or the Panhandle, secure a lease, erect wind turbines or solar arrays, and plug into the Electric Reliability Council of Texas (ERCOT) grid. Texas’s energy-only market, paired with its vast geographical footprint, turned the state into an absolute powerhouse for clean energy generation. However, the game has fundamentally changed. As we navigate the current land

The Texas power grid is currently at the epicenter of a structural shift in global energy demand. What was once a steady, predictable climb in electricity consumption has transformed into a vertical leap. This "Great Re-Coupling" of industrial capacity and the power grid is being fueled by a singular force: the hyperscale AI data center. 1. The Interconnection Queue: A New Leading Indicator Historically, we looked at the interconnection queue to see what was being built to

For the storage industry, the last six weeks of CAISO’s Parallel Operations have felt like a high-stakes laboratory experiment. The variable in question? The Envelope Multiplier - a constraint that determines how much of a battery's state-of-charge is held "captive" to backstop new market products. Earlier this week on March 24, 2026, CAISO held its most consequential Working Group to date. The verdict is in: the "Conservative Phase" is officially behind us, and a more "Effic

The closure of the Strait of Hormuz, following the February 28 initiation of US and Israeli strikes on Iran (Operation Epic Fury) and the subsequent death of Supreme Leader Ali Khamenei, has triggered what is arguably the most severe energy and supply chain crisis in modern history. With approximately 21 million barrels of oil per day - roughly 20% of global supply - and massive volumes of Qatari LNG effectively stranded by the retaliatory blockade, we are watching a real-tim

For years, the California ISO (CAISO) has been performing a high-wire act. Every afternoon, as the sun sets and the "Duck Curve" steepens, grid operators have relied on manual interventions and out-of-market "Exceptional Dispatches" to keep the lights on. For battery storage (BESS) owners, this meant a market that didn't always price the very flexibility we provide. That is about to change. On May 1, 2026, CAISO will officially go live with Day-Ahead Market Enhancements (DAME

If you follow energy policy, you already know that the "boring" technical stuff often has the biggest impact on our electricity bills and the green energy transition. Enter FERC Order 881. While it might sound like a dusty filing buried in a federal basement, it’s actually a massive software and operational upgrade for the American power grid. By changing how we measure the capacity of our power lines, Order 881 is unlocking gigawatts of "hidden" space on our existing infrast

The energy transition isn't just about building new infrastructure; it's about getting smarter with the infrastructure we already have. On March 4, PJM Interconnection took a massive leap forward in doing exactly that, becoming the first Regional Transmission Organization (RTO) to go live with a key Federal Energy Regulatory Commission (FERC) directive: hourly Ambient-Adjusted Ratings (AARs). This might sound like deep grid-nerd territory, but it’s actually a huge deal for gr

As we move into 2026, the California energy market is undergoing its most profound structural shift in two decades. For years, our industry operated under a "coincident peak" mentality—a simplified regulatory sprint to meet a single hour of maximum demand. But as solar penetration deepens and the "duck curve" evolves from a challenge into a daily reality, CAISO and the CPUC have moved the goalposts. We are no longer just planning for the peak; we are planning for the profile.

For U.S. renewable developers, 2026 isn’t just another year on the spreadsheet - it’s a high-stakes race against a July 4th deadline that will redefine project IRRs for the next decade. As the One Big Beautiful Bill Act (OBBBA) begins its systematic phase-out of legacy incentives, the industry is seeing a frantic "Safe Harbor" rush. But this isn't the tax equity market of 2022. Between new Prohibited Foreign Entity (PFE) restrictions and the elimination of the 5% Safe Harbor

Chevron’s 2025 financials tell a subtly different story from 2024: volumes hit records and free cash flow jumped, but headline earnings fell as lower oil prices and weaker affiliates weighed on the bottom line. For investors, the interesting part is how the company used that backdrop to reinforce, rather than retreat from, its cash‑return playbook 1. 2025 In A Nutshell: Earnings Down, FCF Up For the full year 2025, Chevron reported earnings of 12.3 billion dollars, down from

This is a summary of the Energy Security Scenarios report made by Shell . Shell created 3 different energy scenarios - Waves, Islands and Sky 1.5. Each of these was built around possible approaches to climate change action as the world emerged from the COVID-19 pandemic. Waves - Waves assumed that society would prioritize repairing the economy . In Waves this focus on wealth pushes other societal and environmental pressures into the background, until their relative neglec

Energy Transition and need for flexibility. There is no denying the fact that electricity is crucial for the world economy to thrive in this and the coming centuries. The demand for electricity increases not only because the human population increases, but also because the social-economic activities of humans are rapidly shifting from manual processes to automated processes, which are essentially driven by electricity. Therefore, electricity becomes inevitable for the susta

UK The main drivers for implements hybrid projects in the UK are: 1. Advanced grid services : The UK comprises the most advanced standalone battery storage market in Europe, having pioneered since 2017 through the proliferation of grid-services. 2. Mature Industry : Due to vast commercialization expertise, the industry is the most welcoming when it comes to innovation such as co-located assets and Hybrid PPAs. The UK is Europe’s largest energy storage market – b

It is not secret anymore, that the way we are using energy cause damage to our planet. In 2021 we expect to consume 40x energy compare to 1900. Due to the global warming we will demand 3x energy by 2050 compare today. To adjust to the new energy reality, organizations are under growing pressure to participate in the globalization effort reduce emission and avoid global warming. Over the past decades the cost of electricity distribution increased by 50% in the U.S. In order

The Inflation Reduction Act's investments are bearing fruit by creating good-paying jobs, strengthening our energy security, tackling climate change, and improving services the IRS provides to taxpayers. As a part of President Biden's broader Investing in America agenda, Treasury will continue to collect and share data, analysis, and stories about how the IRA is aiding American families and workers, driving investment toward underserved communities as well as to new technolog