Sometimes, It Feels Hopeless. More drilling, less clean energy. What a sentence, and yet completely believable when it comes to politics. But what does drilling and clean energy really have to do with each other? Oil and electricity have no overlap. Gas does, but is there a shortage of gas supply? Are utilities having a hard time building gas plants? Let’s be clear, this is a market dynamic that has little to do with politics. Oil and coal plants won’t be built again and the auto sector is electrifying. On the other hand, what is the reason for the anti-clean energy stance from a republican standpoint? I see plenty of free market activity and job creation every day from this industry and continue to see the opportunity for the solar and storage markets to be completely bipartisan.
Opinion
News
1 New York Times:
A Republican 2024 Climate Strategy
2 Utility Dive:
FERC interconnection rule may not speed process in much of US - experts
3 Bloomberg:
Texas Power Prices to Surge 800% on Sunday Amid Searing Heat
4 Globe and Mail:
Alberta’s next renewable energy challenge? Places to store the power being generated
5 Reuters:
World Bank to help fund 1,000 mini solar power grids in Nigeria
6 PV-Tech:
AEMO receives 3.1GW of power generation applicants in latest round of NSW energy tenders
7 Solar Power World:
One year later - Where the IRA stands
8 Canary Media:
Rivian backs massive solar plant atop old coal mine in Kentucky
Opinions:
9 PV-Magazine:
Local zoning ordinances play important role in predicting solar output
Have a great day!
Yann
Play By Play Corporate Commenting. You’ve probably never heard of this company, Azelio, which filed for bankruptcy recently. It’s a hardware technology company based in Sweden and covered in today’s top story. The only reason I am somewhat familiar with this is because at every step of the way, the company sent not just the press releases but updates to industry media email address in which my SolarWakeup email was included. From their quarterly announcements to their delays in filings and changes to their board and executives. Every update was chronicled via email to the media in a way that I’ve never seen before, so I wanted to share that with you given that it’s being covered by the industry reporters when in reality, it likely would have just disappeared had it not been so public about the demise.
Opinion
News
1 Canary Media:
Is Azelio’s abrupt bankruptcy a bad omen for long-duration energy storage?
2 Bloomberg:
UK Green Subsidies Need Revamp to Meet Net Zero, SSE Says
3 Reuters:
Alberta pauses approvals of some new renewable projects, greens unhappy
4 PV-Tech:
FERC publishes new guidance for US grid interconnections
5 Energy Storage News:
Nova Scotia - Energy storage key to Canadian province’s transition away from coal
6 GreenBiz:
Looking back at the Inflation Reduction Act
7 PV-Magazine:
WoodMac predicts 270 GW of new global PV capacity in 2023
Opinions:
8 Utility Dive:
Despite headwinds, US offshore wind is poised for a breakout
Have a great day!
Yann
Bureaucracy For The Sake Of. It’s a positive sign that FERC and the White House are looking to accelerate the work around net metering and permitting. It still leaves the lack of focus by the ISOs to not only accelerate their work, i.e. it takes 6 years for a cluster to go through in CAISO and PJM is PJM. ISOs are also delayed in a more progressive price signals that will enable more sustainable construction of the pipeline.
Opinion
News
1 Canary Media:
White House proposes new rule to speed up clean energy permitting
2 Utility Dive:
New York must triple its renewable capacity in eight years to meet 2030 target
3 Reuters:
US doubles renewable subsidies to $15.6 billion in last seven years, EIA says
4 Barrons:
Rooftop Solar Is in a Slump. This CEO Sees 2 Ways Out.
5 PV-Magazine:
SolarEdge stock trades down despite record revenue in Q2
6 Bloomberg:
Home-Power Suppliers Face Slump Despite Grid Outages
7 Energy Storage News:
Software-centric’ home battery company Electriq Power gets NYSE listing
Opinions:
8 Politico:
Are EV sales really slowing down?
Have a great day!
Yann
Opinion
Best, Yann
News
1 Bloomberg:
Offshore Wind Industry Is Caught In a Financial Hurricane
2 PV-Tech:
US$450 million allocated by US govt to install rooftop solar PV for Puerto Rico residents
3 Utility Dive:
Young workers are flocking to renewable jobs, but the sector remains short on labor, reports show
4 Axios:
Phoenix is first U.S. city with a monthly temperature above 100°F
5 Reuters:
Texas power use hits record for second straight day as heat wave lingers
6 Energy Storage News:
Ameresco
7 Canary Media:
Tesla alum aims to build the power company of the future
8 PV-Magazine:
Solar decommissioning plans for 36 U.S. states
Opinions:
9 New York Times:
Solar Supply Chain Grows More Opaque Amid Human Rights Concerns
Have a great day!
Yann
