This Week in Climate & Clean Energy Wins: Week of 9/25/23

Three Numbers to Know:

  • $325


    The amount of funding announced by DOE for 15 long-duration energy storage projects. 

  • 240%

    The growth of electric vehicle sales in the past two years. 

  • $12


    The amount projected to be invested in the clean energy sector by 2050 – cutting North American electric bills in half.

This week, companies made ground on some of the largest solar and wind projects in the country to date. Pending a loan from the Department of Energy, Maxeon Solar Technologies will build one of the biggest solar panel factories in the U.S. by 2025 in New Mexico – set to produce 3 gigawatts’ worth of solar panels in just one year. Xcel Energy announced plans for a solar expansion in Minnesota that will allow for an astounding 710 MW of solar generation by 2025, replacing the Sherco coal plant nearby. Dominion Energy received the green light to begin construction on the largest offshore wind project currently under development in the U.S., off the coast of Virginia. The project will produce enough carbon-free electricity for 660,000 Virginia homes and generate expected fuel savings of more than $3 billion for customers during the project’s first 10 years of operation.

In the past two years, solar power capacity has increased by nearly 50%, and electric vehicle sales have increased by 240% – restoring hope for climate and clean energy goals. U.S. grid-scale energy storage installations added 5,597 MWh in Q2 this year, hitting a new quarterly record and putting the market on target for a record year. In North America, home energy bills are projected to be cut in half by 2050, thanks to a $12 trillion infusion in the clean energy sector spurred by President Biden’s clean energy plan. U.S. offshore wind energy project development reached a potential generating capacity of 52,687 MW in May, with an additional 5,039 MW on the way.

The Department of the Interior (DOI) announced that the Biden Administration is on track to complete an ambitious offshore wind leasing schedule on time next year – with four of seven lease sales finalized and the remaining three set for 2024. President Biden has committed to installing 30 gigawatts (GW) by the end of this decade. The Department of Energy announced up to $325 million in funding for 15 projects to accelerate the development of long-duration energy storage (LDES) technologies.

Lastly, Governor Gretchen Whitmer launched MI Healthy Climate Corps last Friday, Michigan’s version of President Biden’s new American Climate Corps. In Alabama, Solar trackers and racking solutions manufacturer OMCO Solar is investing $10 million in a new factory. In Colorado, a long-duration energy storage project in Pueblo and two research projects at the National Renewable Energy Laboratory are receiving  $44 million in funding from the Bipartisan Infrastructure Law. In Kentucky, Ascent Elements and TES are building a new $65 million electric vehicle (EV) recycling facility that will create 60 jobs in the state. 

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Biden Administration