Brian Martucci

2 days ago | utilitydive.com | Brian Martucci

Federal tax credits that benefit energy developers, manufacturers and utilities face an early phaseout in a budget proposal released Monday by a key GOP-controlled House committee. The House Ways and Means Committee’s draft reconciliation package steps down the investment and production tax credits for nuclear power, wind, solar, batteries, geothermal and other clean energy technologies after 2028, and eliminates them completely after 2031.

3 days ago | utilitydive.com | Brian Martucci

Dominion Energy’s Virginia subsidiary has until December to propose a virtual power plant pilot program with up to 450 MW of capacity under a state law signed May 2 by Republican Gov. Glenn Youngkin. Residential, commercial and industrial customers are eligible for participation in the pilot, which must include incentives for at least 15 MW of residential battery additions.

6 days ago | utilitydive.com | Brian Martucci

Sunrun is “actively working through scenario planning and corresponding actions if there are material changes” to U.S. clean energy tax credits in the federal budget reconciliation bill expected later this year, CEO Mary Powell said Wednesday.

6 days ago | utilitydive.com | Brian Martucci

More than 100 nuclear industry stakeholders have asked Congressional leaders to preserve four Inflation Reduction Act tax credits they say are critical to its economic future. Signatories to the April 30 letter include utilities and independent power producers, nuclear supply chain companies, advanced nuclear technology developers and trade associations. The Nuclear Energy Institute, a Washington, D.C.-based industry group, organized the effort.

6 days ago | finance.yahoo.com | Brian Martucci

This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. Johnson Controls recorded 7% organic year over year sales growth and grew the order backlog for its core Building Solutions division to a record $14 billion in Q2 2025, the company said in its second-quarter earnings call May 7.