Sophisticated Representation For

The Most Complex Projects

Sophisticated Representation For

The Most Complex Projects

  1. Home
  2.  » 
  3. Firm News
  4.  » New project will use hydropower to provide source of energy

New project will use hydropower to provide source of energy

On Behalf of | Jun 10, 2024 | Firm News |

Businesses in New York, across the nation and all over the globe are constantly looking for ways to limit the use of damaging energy sources and maximize renewable options. In recent years, this search has focused on offshore wind projects and solar energy. These are undoubtedly positive developments. Recently, New York officials and private contractors talked about a new project that will use hydropower from Canada to serve New York residents.

Underground cable would power New York City homes

This project – the Champlain Hudson Power Express (CHPE) – began in 2022. Its objective is to increase the amount of renewable energy being used to 70% by 2030.

This has grown more important since nuclear power is being used less due to concerns about pollution and danger to nearby residents. To account for the closing of the Indian Point nuclear plant which was responsible for around one-quarter of energy in New York City, natural gas plants were used. That increased carbon emissions, something that is increasingly untenable and undesirable.

Currently, there are few alternatives to completely do away with carbon emissions due to how New York City is connected to energy sources that are better for the environment. With CHPE, it will send energy to the city by 2026. Estimates suggest it will lower carbon emissions substantially.

Business opportunities abound in clean energy

While there are debates as to the efficacy and positive benefits of this hydropower project, this is an indicator for businesses that the landscape is rife with opportunity to explore new, more environmentally friendly ideas to provide energy across New York State.

This is a very specific area of the law that requires tailored help. Since these energy projects are often speculative and use new technology, getting the proper permits and moving forward can be complicated. It also required regulatory compliance. Having qualified guidance experienced in energy law is crucial.