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The U.S. Department of Energy announced it would cancel billions of dollars for clean energy projects while boosting funding for coal.
Here’s a roundup of those and other notable numbers from across the energy and utilities industry:
By the numbers
$7.6 billion
The amount of clean energy project funding canceled by the U.S. Department of Energy this week. The targeted awards were for 223 clean energy projects — all in states that voted for former Vice President Kamala Harris in the 2024 election.
$625 million
How much the DOE says it will make available for “beautiful, clean coal.” The funding, cast as an “investment,” is intended to retrofit and recommission coal plants, but the agency has not given details about the structure or source of the money.
$16.6 billion
The increase in revenue driven by data center load from PJM’s last two capacity auctions, according to a Monitoring Analytics, the grid operator’s market monitor. The number accounts for more than half of the total revenue, and the monitor called data centers the “primary reason” for high capacity prices.
40 MW
The decrease in total U.S. coal capacity from January to July, despite modest new additions and delayed retirements, according to the Federal Energy Regulatory Commission’s latest monthly infrastructure report. Solar continues to account for most of the new generation capacity.
4.9 GW/15 GWh
How much utility-scale battery storage was added to the grid in the second quarter — a new record, according to Wood Mackenzie and the American Clean Power Association. California, Texas and Arizona accounted for three-quarters of that capacity.
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