The PJM Interconnection on Friday said it selected 51 projects to join a fast-track interconnection review process as part of a broad effort to ensure the grid operator has adequate supplies to meet its needs.
PJM has been warning that it faces looming power supply shortfalls as its supply isn’t keeping up with demand. That dynamic was reflected in the jump in clearing prices from PJM’s last capacity auction, which sparked backlash over rising electric bills and moves by the grid to boost supplies.
Gas-fired generation accounted for 69% of the selected capacity, followed by battery storage at 19%, nuclear at 12%, and coal at 0.1%. The projects consist of 39 uprates to existing power plants and 12 new power facilities. PJM expects 90% of the projects will be operating by 2030.
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