Growth in wind and solar significantly drove the increase in renewable energy and contributed 14% of the electricity produced domestically in 2022. Hydropower contributed 6%, and biomass and geothermal sources generated less than 1%.

Battery supplier Wärtsilä said this is the first use of the Investment Tax Credit (ITC) for standalone utility-scale energy storage systems, which was introduced through the Inflation Reduction Act (IRA).

Canada's budget included a response to the Inflation Reduction Act, which the U.S. Congress passed last year.

Wind turbine manufacturer Vestas has secured its largest onshore wind turbine order to date, a 1.3 GW deal for two projects in Brazil, the company announced.

The battery storage facility, located in Onslow County, was developed by Duke Energy alongside an existing 13 MW solar farm on leased land within Marine Corps Base Camp Lejeune.

Under these agreements, Community Offshore Wind will partner with LJUNGSTRÖM, North Shore Steel, Riggs Distler, and Smulders to localize secondary steel in historically disadvantaged communities across New York State.

The European Council, which represents the 27 member nations, said the agreement reached after all-night negotiations would raise the renewable energy target to 42.5% of total consumption by 2030. The current goal is 32%.