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Lower credit ratings have made it more difficult for utilities to borrow money while insurance and wildfire mitigation costs have increased, the report states. These costs have largely been passed on to consumers in the form of rate increases, according to Andrew Dressel, vice president of energy at Charles River Associates.

Some U.S. utilities may need to increase their annual generation by more than a quarter over the next three years in order to meet rising electricity demand led by data centers and artificial intelligence, according to new analysis from Bain & Company.

AI is helping utilities determine weather patterns, permitting them to manage their electricity networks more effectively. Essentially, the technology employs machine learning to analyze historical weather data and satellite imagery to predict the approach of extreme weather or the likelihood of it occurring. 

Each potential outcome of the upcoming U.S. presidential and congressional elections has numerous implications for the fate of past and future energy legislation, particularly when it comes to the Inflation Reduction Act and permitting reform, say industry experts.

“High-efficiency modern natural gas plants will meet the electricity needs for our region’s growing economy. These plants also will bring good paying jobs and tax dollars to Kansas,” said David Campbell, Evergy Chairman, President and Chief Executive Officer. “Dispatchable natural gas is an important resource within Evergy’s growing and diverse energy portfolio, complementing our planned investment in wind and solar resources and supporting our commitment to affordable, reliable and sustainable electricity.”

 Tri-State’s members and rural communities across Colorado, Nebraska, New Mexico and Wyoming will benefit from a reliable, affordable and responsible energy transition supported with $2.5 billion in low-cost financing and grants through the U.S. Department of Agriculture’s Empowering Rural America (New ERA) Program. 

As renewable energy sources such as wind and solar become more widespread, managing the power grid has become increasingly complex. Researchers at the University of Virginia have developed an innovative solution: an artificial intelligence model that can address the uncertainties of renewable energy generation and electric vehicle demand, making power grids more reliable and efficient.

Researchers have developed a new hydrogen production system that overcomes the current limitations of green hydrogen production. By using a water-splitting system with an aqueous electrolyte, this system is expected to block fire risks and enable stable hydrogen production.

The transition to renewable energy requires efficient methods for storing large amounts of electricity. Researchers have developed a new method that could extend the lifespan of aqueous zinc-ion batteries by several orders of magnitude. Instead of lasting just a few thousand cycles, they could now endure several hundred thousand charge and discharge cycles.