In Short : ITC has exceeded its 2030 renewable energy goal ahead of schedule in 2023-24. This achievement highlights the company’s commitment to sustainable practices and positions it as a leader in renewable energy adoption. In Detail : ITC has made significant investments in renewable energy sources, including biomass, wind, and solar. It has also […]
ITC commissions 14.9 MW solar plant in TN – EQ Mag Pro
In 2018, ITC became the first private sector entity to wheel renewable energy across states through the Inter-State Open Access mechanism. Multi-business company ITC Ltd on Tuesday said it has commissioned a 14.9 MW solar power plant in Dindigul, Tamil Nadu. According to the company, the 14.9 MW solar power plant was built at an […]
Treasury report supports tax credit for energy storage
Making standalone energy storage eligible for the Investment Tax Credit (ITC) would result in cleaner energy production and a more resilient grid, according to a report by U.S. Treasury Department. “The Treasury Department’s report confirms that making standalone storage eligible for the ITC—just as other clean energy technologies are today—is critical for the United States […]
US Senate Committee Introduces Clean Vehicle Charging Legislation
Earlier this week, a group of cross-party US senators introduced the Securing America’s Clean Fuels Infrastructure Act (the Act) to promote investments in clean vehicle infrastructure. The types of infrastructure supported by the legislation include electric vehicle charging stations and hydrogen refueling stations for fuel cell vehicles. The Act would enlarge the benefits of the […]
US energy storage must go ‘beyond its comfort zone’ under Biden Administration
The US energy storage sector must learn to live and operate ‘beyond its comfort zone’ despite a supportive new administration in the White House, a panel debate has heard, while more comprehensive analyses of storage’s fiscal benefits could pave the way for utility adoption. The Energy Storage Summit USA 2021, organised by Energy-Storage.news publisher Solar […]
ITC bans South Korea’s SK Innovation from exporting EV batteries to U.S.
SEOUL : The International Trade Commission has banned South Korea’s SK Innovation from exporting batteries used in electric vehicles to the United States. The U.S. trade panel ruled in favor of LG Energy Solutions last week on its claim that SK Innovation had stolen its trade secrets to develop the batteries. Unless the Biden Administration […]
ITC to meet all energy needs from renewable sources by 2030
New Delhi: ITC Limited has set itself the target to meet 100% of purchased grid electricity requirements from renewable sources by 2030. In line with its philosophy of ‘Responsible Competitiveness’, the Company has adopted a low carbon growth strategy which encompasses a large renewable energy footprint. At present, ITC meets over 40% of its electrical […]
What the Election Results (So Far) Mean for Climate and Energy Policy
We look at results from key races and what a divided Congress would mean for a Biden presidency, on this week’s Political Climate. Americans are waiting with bated breath for the results of a long and contentious election. At the time of publication, former Democratic Vice President Joe Biden looks poised to take the White […]
US Treasury to Tweak Tax Credit Deadlines for Renewables Projects
A three-sentence letter issued by the Treasury Department on Thursday suggests relief may be on the way for a nervous renewables market. A concise three-sentence letter sent by the U.S. Treasury Department on Thursday suggests relief is on the way for a renewables industry concerned about meeting quickly approaching tax credit deadlines. The letter came […]
BlackRock Targets Storage With New Multibillion-Dollar Renewables Fund
Martin Torres, Americas chief for renewables at BlackRock Real Assets, talks batteries, offshore wind — and why things may be easier once subsidies disappear. The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. Long a major global investor in […]