U.S. Electric Power Industry Sets Record for Renewable Energy Generation: According to a report released by the U.S. Energy Information Administration (EIA) on July 8, renewable energy sources accounted for a record 28% of total electricity generation in the first four months of 2024. This surpasses the previous record of 27% set in 2023. The increase is attributed to the growth in solar and wind power capacity and favorable weather conditions. (Source: EIA)

Federal Energy Regulatory Commission Approves New Transmission Lines: The Federal Energy Regulatory Commission (FERC) approved several new transmission lines on July 9 that are expected to improve the reliability and resilience of the electric grid. The lines will help to deliver electricity from renewable energy sources to areas with high demand. (Source: FERC)

Electric Vehicle Sales Continue to Rise in the U.S.: Sales of electric vehicles (EVs) in the U.S. increased by 50% in the second quarter of 2024 compared to the same period last year. This growth is driven by falling battery prices, government incentives, and increasing consumer awareness of the benefits of EVs. (Source: Inside EVs)

Nuclear Power Plant Closure Raises Concerns About Grid Reliability: The closure of the Indian Point nuclear power plant in New York on July 10 has raised concerns about the reliability of the electric grid in the Northeast. The plant provided about 25% of the electricity for New York City. (Source: Reuters)

Utilities Invest in Battery Storage to Enhance Grid Flexibility: Utilities across the U.S. are investing in battery storage to enhance the flexibility and reliability of the electric grid. Battery storage can help to smooth out fluctuations in renewable energy generation and provide backup power during outages. (Source: Utility Dive)