Recent investments in clean energy from the Biden administration are hitting the ground in Wyoming. Engineering company TerraPower, founded by Bill Gates, recently broke ground in Kemmerer on what the company calls a "next-gen" nuclear reactor that it says will create energy more efficiently and safely.
The company aims to have the $4 billion project operational by 2030. TerraPower's project and others are getting federal boosts from the 2021 Bipartisan Infrastructure Law and 2022 Inflation Reduction Act, which provide billions of dollars for clean-energy projects through grants, loans and other incentives.
Shannon Heyck-Williams, associate vice president, climate and energy with the National Wildlife Federation, said Wyoming is slated to receive a good chunk of that funding.
"In Wyoming, $3.5 billion in private sector commitments and $4.1 billion in public investments in clean energy, infrastructure and manufacturing have all happened largely due to the passage of these two big pieces of legislation," she explained.
The U.S. Department of Energy is funding part of TerraPower's project to the tune of $2 billion. The laws also provide for projects at community and home scales, including investments in electric vehicles and charging stations, electric school buses and credits for homeowners transitioning to clean energy.
TerraPower estimates the project will generate enough power for up to 400,000, while creating 1,600 construction jobs and 250 careers. That's critical for communities such as Kemmerer.
"Every time a new manufacturing facility is created or retooled, that means new jobs for people, especially important in certain areas of the country that maybe have a declining economy related to fossil fuels or other sorts of older manufacturing," Heyck-Williams said.
The construction site is near a coal-fired electricity plant owned by Pacificorp and slated for retirement in 2036, according to the company's 2023 plans.
Disclosure: National Wildlife Federation contributes to our fund for reporting on Climate Change/Air Quality, Endangered Species & Wildlife, Energy Policy, Water. If you would like to help support news in the public interest,
click here.
get more stories like this via email
Indiana lawmakers are advancing a plan to bring nuclear energy to the state.
House Bill 1007 would establish a framework for investing in advanced nuclear technology.
Rep. Ed Soliday, R-Valparaiso, chair of the House Utilities, Energy, and Telecommunications Committee, authored the bill after state energy officials warned of power shortage risks without new energy sources.
"If we are going to be telling the world we're going to onshore a lot of things that have been taken offshore, we've got to provide for it," Soliday contended. "We have to provide the infrastructure, and this is happening rapidly."
Critics cautioned the bill could raise electric bills for residents. Building nuclear reactors is costly, with estimates ranging from $2 billion to $3 billion per reactor. The bill failed to pass out of committee, but is set for a vote next week. It would allow utility companies to recover development costs through rate increases.
Under the proposal, utilities would need to justify development costs to the Indiana Utility Regulatory Commission before passing them on to customers.
Indiana Secretary of Energy and Natural Resources Suzanne Jaworoski said the bill is the foundation to bring much needed energy generation to the state.
"It attracts advanced nuclear energy which is the future of energy," Jaworoski asserted. "It is sustainable. It is affordable. It is reliable. It is resilient. It is environmentally sound."
Lawmakers are debating whether the long-term benefits of nuclear energy outweigh the financial burden it may place on Hoosiers. For now, the debate over Indiana's energy future continues.
get more stories like this via email
Montana is a U.S. leader in the growing industry of sustainable aviation fuel. Experts in the field, and in the agricultural sector, hope to see new policies to support its development.
Sustainable aviation fuel can be made from a variety of agricultural inputs, including seed crops, which produce oils processed into fuel with a low-carbon footprint. Industry growth could mean new buyers for ag producers in the state, where Montana Renewables was the highest domestic producer of sustainable aviation fuel last year.
Bruce Fleming, CEO of the company, said China and Brazil are outpacing U.S. growth.
"If we can get our policy figured out, if we can get American innovation going and not fall behind, then we've got solutions here that will benefit the ag sector, particularly the farmers and ranchers," Fleming explained.
In terms of policy, Fleming acknowledged the "goalposts keep moving," because they vary between agencies at the state and federal levels, making it difficult to plan. He hopes to see policies that embrace the SAF innovation, as the nation did for ethanol.
Nicole Rolf, senior director of government affairs for the Montana Farm Bureau Federation, said the opportunity for farmers to grow and market new commodities is enticing, but she will be watching for tax credits and other policies to support producers.
"How do we make sure that we put the right incentives in place so that we're truly using American-grown feedstocks, and crops and commodities, to feed these sustainable aviation-fuel suppliers?" Rolf asked.
The industry sees both challenges and benefits in Montana. For instance, there are currently no local oilseed crushers, so farmers must ship seeds for processing out-of-state. Rolf pointed out Montana is prepared to ship the finished product by rail and other means, as it already does for other energy products.
get more stories like this via email
Utility providers foresee a big rise in electricity demand which could lead to double-digit rate hikes if it is met with new natural gas-fired power plants, according to a new report.
PJM is the nonprofit independent system managing the power grid in Pennsylvania and 12 other states. It forecasts the need for 67 more gigawatts by 2039.
Sean O'Leary, senior researcher at the Ohio River Valley Institute, said relying on natural gas for the increased power demand could drive up Pennsylvania's rates faster than the national average. He cautioned addressing the climate effects of increased carbon emissions later could make costs skyrocket even more.
"It costs almost as much to retrofit a gas-fired power plant so that it won't emit greenhouse gases as it costs to build the plant in the first place," O'Leary pointed out. "Right now, Pennsylvanians get about 60% of all of their electricity from natural gas."
O'Leary noted PJM anticipates needing around 100 gigawatts of new capacity, combining 30 gigawatts of retiring coal and older gas plants with additional demand, equating to about two-thirds of the system's current generation capacity.
The Institute's report recommended prioritizing renewable resources and called on PJM to reevaluate its demand projections, since it has a history of overestimating future needs. He added more than 90% of PJM's upcoming projects are solar, wind and battery storage, which underscores the growing role of renewable energy and efficiency measures.
"I think in total, there are more than 90 gigawatts, currently, of renewable resources currently queued up and wanting the opportunity to provide energy to PJM," O'Leary reported. "That should be the first place that PJM turns."
He added states like Texas have made enough progress on renewables, solar and wind power now supply almost one-third of the state's electricity. The report showed the growth in renewable energy has also seen rates come down significantly, surpassing Pennsylvania, Ohio and West Virginia, where it was once thought the natural gas boom lowered energy costs.
Disclosure: The Ohio River Valley Institute contributes to our fund for reporting on Budget Policy and Priorities, Climate Change/Air Quality, Energy Policy, and Public Lands/Wilderness. If you would like to help support news in the public interest,
click here.
get more stories like this via email