With a new $3 billion dollar loan guarantee to Sunnova Energy Corp. for a nationwide virtual power plant, the Department of Energy’s Loan Programs Office (LPO) is working to accelerate deployment of clean energy resources across the country.
Facing significant revenue shortfalls at the outset of the COVID-19 pandemic, California legislators in June 2020 paused the state's R&D and other business tax credits.
VX News share's the Biden Administration's May executive order on climate-related financial risk. The order directs National Climate Advisor, in coordination with Treasury Secretary Janet Yellen and the Office of Management and Budget (OMB) to develop a comprehensive, Government-wide strategy for identifying and addressing exposure to climate-related financial risks facing US financial institutions.
Recently, NREL research showed the cost of solar power is under $1 per watt. Minh Le explains the importance of this price reduction to the global energy market.