Bill To Raise Taxes On Wind Turbines Advances In Senate

If Senate Bill 231 becomes law, wind turbines would be taxed as real property, not as personal property.

A Senate committee approved a potential tax increase on wind turbines Tuesday.

If Senate Bill 231 becomes law, wind turbines would be taxed as real property, not as personal property.

According to an attached fiscal note, that would increase revenue by $6.1 million annually, funds that would flow to schools, county commissions and the state’s general fund.

However, industry advocates say the move would make wind power less competitive in West Virginia and drive investment to other states.

Wind and solar are currently the cheapest forms of electricity. Supporters of the change say it helps fossil fuels compete with renewables.

The Senate Energy, Industry and Mining Committee approved SB 231 with little debate. The bill now goes to the Finance Committee.

Wind And Solar Set To Overtake Coal Next Year, Government Predicts

Renewables, including hydro, geothermal and biomass, overtook coal for the first time in 2022.

A big shift is coming in how the country gets its electricity, according to a prediction from the U.S. Department of Energy.

Wind and solar together are poised to overtake coal next year in generating U.S. electricity.

That’s a prediction made this month by the U.S. Energy Information Administration.

Renewables, including hydro, geothermal and biomass, overtook coal for the first time in 2022.

The federal agency forecasts a rapid expansion of solar in 2024, amounting to 37 gigawatts. 

Coal this year fell below 20 percent of the nation’s electricity mix for the first time, ending 2023 at 17 percent. Next year, the federal agency forecasts it will fall to 15 percent.

Natural gas will continue to be the nation’s dominant fuel for electricity, at 42 percent.

Form Energy To Build Batteries For California Project In Weirton

The $30 million project will use Form’s batteries to store and discharge power for 100 hours, according to the California Energy Commission.

Weirton’s Form Energy will build storage batteries for a project in California.

Form Energy will supply iron oxide batteries for a Pacific Gas & Electric energy storage project in Mendocino County.

The $30 million project will use Form’s batteries to store and discharge power for 100 hours, according to the California Energy Commission.

That fills a gap between solar generation during the day and wind generation at night. The energy captured at off-peak times can be discharged to the grid when demand is the highest.

The batteries will be built in Weirton. The plant is under construction and will begin producing batteries next year.

Iron oxide batteries use rust to store electricity and cost less than lithium ion technology. California has set a goal for 100 percent clean energy by 2045.

“A multiday battery system is transformational for California’s energy mix,” said David Hochschild, chairman of the California Energy Commission. “This project will enhance our ability to harness excess renewables during nonpeak hours for use during peak demand, especially as we work toward a goal of 100 percent clean electricity.”

According to the commission, California had 6,600 megawatts of battery storage in August, with four to six hours of discharge. Long-duration discharge is considered eight to 100 hours.

Form Energy is building its plant on the former site of Weirton Steel and could employ 750 workers or more.

At Dubai Climate Summit, U.S. Officials Commit To Coal Phase-Out

The United States has built no new coal plants in more than a decade and is on track to close half its coal capacity by 2026.

The United States joined six other countries over the weekend in a commitment to stop building new coal-fired power plants and phase out existing ones.

The United States joins the Powering Past Coal Alliance along with the Czech Republic, Cyprus, the Dominican Republic, Iceland, Kosovo and Norway.

The agreement, reached at an international climate conference in Dubai, formalizes what has already been taking place domestically and worldwide as natural gas and renewables have eroded coal’s place as the dominant fuel for electricity.

The United States has built no new coal plants in more than a decade and is on track to close half its coal capacity by 2026.

This year alone, coal has fallen below renewables and even nuclear, accounting for less than 20 percent of the nation’s electricity. Next year, it is projected to account for even less.

While it is true that China and India have been building new coal plants at a rapid pace, they are also building more wind and solar, and the pace of new coal construction is expected to slow.

The nations meeting in Dubai have attempted to achieve consensus on how to reduce carbon dioxide emissions to keep the global temperature increase to no more than 1.5 degrees Celsius.

Still, state officials are pushing back on the U.S. entry into the Powering Past Coal Alliance.

Treasurer Riley Moore, who’s running for a seat in Congress next year, criticized John Kerry, the U.S. climate envoy, and the administration policy.

“John Kerry has made the Biden Administration’s position crystal clear: they want to eliminate the coal industry worldwide regardless of the economic destruction or inflation it will cause,” Moore said in a statement Tuesday.

Moore asked Congress to reverse the U.S. commitment made at the COP28 summit in Dubai.

“I urge Congress to exert its authority and reject any attempts to commit the United States into an international climate cabal that would destroy our nation’s energy sector and overall economy,” he said.

West Virginia is the nation’s No. 2 coal producing state behind Wyoming and gets close to 90 percent of its electricity from coal, more than any other state. 

West Virginia’s coal-producing neighbors, principally Pennsylvania, Ohio and Virginia, have largely shifted to natural gas from coal for their electricity.

Notably, Kosovo currently gets about the same percentage of its electricity from coal as West Virginia. The Dominican Republic gets about 10 percent, while Cyprus has never used coal.

Renewables Forecast To Generate A Quarter Of U.S. Electricity In 2024

Though natural gas remains the dominant fuel for electricity, it is forecast to drop to 41 percent from 42 percent. Coal is expected to decline as well.

Renewables are forecast to provide a quarter of the nation’s electricity next year, while both coal and natural gas are set to decline.

Driven by growth in wind and solar, renewables will generate 24 percent of U.S. electricity in 2024, according to the U.S. Energy Information Administration.

Though natural gas remains the dominant fuel for electricity, it is forecast to drop to 41 percent from 42 percent. Coal is expected to decline as well, from 16 percent to 15 percent.

As recently as 2021, coal generated 23 percent of the country’s electric power. Renewables surpassed coal for the first time in 2022.

The Institute for Energy Economics and Financial Analysis predicts 2024 will be the first in a string of record-breaking years for renewable power.

Renewables also include hydro, geothermal and biomass, which uses organic matter as fuel.

Federal Data: Coal Falls 21 Percent Year To Date In U.S. Electricity Mix

Coal’s decline may continue, with lower natural gas prices and federal incentives to build more renewables and battery storage.

Coal continues a steep decline as a source of the nation’s electricity.

From January to August, coal fell more than 21 percent from last year. That’s according to the U.S. Energy Information Administration’s Electric Power Monthly Report.

Natural gas, which has been the dominant fuel for electricity for several years, increased more than 7 percent.

Solar posted the most growth year-to-date, increasing more than 11 percent. Wind, however, fell about 3 percent.

Despite the activation of the nation’s first nuclear power plant in a generation in Georgia, nuclear’s share of the nation’s electricity stayed basically flat.

Coal’s decline may continue, with lower natural gas prices and federal incentives to build more renewables and battery storage.

According to EIA data, coal consumption for electricity generation also declined about 21 percent during January to August. Natural gas consumption increased 7 percent during that time.

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