by Jeff Della Rosa (JDellaRosa@nwabj.com)

The energy sector has welcomed the emergence of the lithium industry in Arkansas while it grapples with rising electricity demand and declining generation as coal-fired plants are retired. Leaders look to a mix of solutions to meet demand, avoid an “energy crisis” and “restore American energy dominance.”

Lauren Waldrip, executive director of the Arkansas Advanced Energy Association (AAEA), highlighted one of the state’s most notable developments over the past year: the expansion of the lithium industry in southwest Arkansas.

“That is a new component of our membership,” Waldrip said. “We are seeing participation from folks like Exxon, Standard Lithium, as well as community and municipality organizations from that side of the state.”

State of the State 2025: Leaders highlight ways to meet growing energy needs

by Jeff Della Rosa (JDellaRosa@nwabj.com)

Energy industry officials look to greater stability, advanced energy investments and beneficial policies after facing multiple unexpected challenges last year. Surprises included Russia’s invasion of Ukraine and price volatility that impacted inflation, consumers and production investments to meet demand.

Still, advanced energy projects endured amid the expiration of an Arkansas rule ensuring solar array owners maintain projected savings. The grandfathering rule for solar projects expired Dec. 31; however, in late December, the Arkansas Public Service Commission issued a rule to extend it. The rule still needs legislative approval.

Lauren Waldrip, executive director for the Arkansas Advanced Energy Association, was surprised by the rule expiration but said she appreciated the commission’s new ruling, which can be referenced in the rulemaking process. If legislators approve the rule, grandfathering would be extended through May 31, 2040.

https://talkbusiness.net/2023/01/state-of-the-state-2023-energy-leaders-hopeful-this-year-after-multiple-2022-surprises/