A great deal of progress has been made in decarbonizing the power sector through deployment of clean electricity generation technologies such as wind and solar. But other technologies essential to our efforts to combat climate change, such as geothermal heat pumps, which are critical to decarbonizing buildings (which represented 32 percent of 2019 greenhouse gas emissions in New York State) are only beginning to be deployed at scale. Additional actions in 2023 to unlock deployment of geothermal technologies are essential to meet our goals.… More
Tag Archives: geothermal
Governor Hochul signs bill promoting utility-operated thermal energy networks in New York State
On July 5, 2022, Governor Kathy Hochul signed into law the Utility Thermal Energy Network and Jobs Act (the “Act”), a bill which amends New York State’s Public Service Law to authorize the State’s utilities to own and operate thermal energy networks, and which charges the State’s Public Service Commission (“PSC”) with initiating proceedings to support and regulate thermal energy network deployment.
Until now, New York State utilities interested in developing thermal energy networks have been frustrated by legal and regulatory barriers.… More
Massachusetts Legislature Passes Bill Increasing Net Metering Caps, Creating Net Metering Task Force and Creating REC For Renewable Thermal, Solar Thermal, Geothermal Ground- and Air-Source Heat Pumps and More
In the final hours of its legislative session, the Massachusetts legislature passed legislation to create a thermal energy REC program in the Commonwealth, lift the caps on the Commonwealth’s existing net metering regime and appoint a 17-member “Net Metering Task Force” to study the “future of net metering.”
Net Metering Caps
Rather than enacting an anticipated comprehensive overhaul of solar regulations and incentives in the Commonwealth (which would have completely lifted net metering caps and blended the state’s net metering compensation method with its solar SREC program),… More