The Gas Goal. There’s an obsession in DC that gas is the only thing that can be built, but with volatile gas markets and drop in oil prices, production is coming down. Reality is that over the next 5 years there are three things that can be built, and the status quo build rate will barely cover the need we have for retirement recovery. The gas plants that are already on order will be built and besides that solar and storage will cover the gap. There is much more solar that could get built, that extra representing the opportunity our Country has to own the AI future.
Who, What, Where, and How Much. Who can build the gas power plants? EPCs are scheduled out well past the end of the decade. What turbines can anyone order? Turbine OEMs are seemingly sold out until 2032 and tariffs are not helping feedstock costs. Where are the turbines made? While there is some domestic manufacturing, more scrutiny of largely offshore gas turbine manufacturing should be discussed. How much will the energy market pay for gas output? And who will pay for the unknown fuel costs for decades to come? Capacity prices will have to rise and energy prices are too low in some market meaning there is significant market signal lacking in order to achieve these goals.
Opinion
News
1 Financial Times:
US oil output set for first annual drop since pandemic
2 Utility Dive:
US utility-scale energy storage to double, reach 65 GW by 2027
3 BLoomberg:
US Energy Secretary Is Trying to Change Blue-State Minds About Fossil Fuels
4 Reuters:
China, Africa ask US to return to 'right track' on trade differences
5 Energy Storage News:
Growing need for BESS quality control, risk management strategies, insurer kWh Analytics says
6 New York Times:
Why Rooftop Solar Could Crash Under the G.O.P. Tax Bill
7 PV-Tech:
Top ten solar manufacturers ship 500GW modules in 2024
8 PV-Magazine:
Tracking the top states for community solar
Opinions:
9 Canary Media:
Sunnova and Mosaic bankruptcies highlight deepening rooftop solar woes
Have a great day!
Yann
Opinion
Best, Yann
News
1 PV-Magazine:
Solar risks
2 Reuters:
NextEra CEO says renewables needed as bridge to expanding gas power
3 Bloomberg:
Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power
4 New York Times:
As Energy Costs Surge, Eastern Governors Blame a Grid Manager
5 PV-Tech:
European buyers remain optimistic, seek to expand module portfolios
6 Canary Media:
Texas finalizes $1.8B to build solar, battery, and gas-powered microgrids
Opinions:
7 Utility Dive:
A collaborative approach for meeting data center power needs and protecting ratepayers
Have a great day!
Yann
Opinion
Best, Yann
News
1 Reuters:
The path to cheap power will be very expensive
2 Bloomberg:
European Solar Profits Tumble to Record Low on Long Sunny Spring
3 PV-Tech:
Sonnedix, Renfe sign 420GWh PV supply agreement
4 Solar Power World:
Qcells to recycle solar panels in Georgia
5 Energy Storage News:
ERCOT’s projected load growth ‘unrealistic and impossible’, Ascend Analytics says
6 Canary Media:
This startup turns steel and aluminum waste into usable metals
7 PV-Magazine:
Grid operator SPP partners with Hitachi to speed interconnection studies
Opinions:
8 Utility Dive:
Baseload blind spot? Senate should unleash 24/7 clean-energy workhorses
Have a great day!
Yann
Please Help Us. That’s the message from several members of Congress to their Senate colleagues regarding the tax credit cuts in the reconciliation bill. Specifically the 13 House members call out the placed in service, transferability and FEOC section of the bill. The reality is that America needs power and if we don’t generate all the solar we can, America will lose jobs and the AI race that sets up the path for the next century.
Elementary Math. As highlighted Friday, Elon is back vocally on team solar, here’s the latest tweet on the topic.
News
1 Politico:
13 House Republicans urge Senate to save green credits
2 New York Times:
In Georgia, Republicans Vote to Kill Green Jobs but Face Little Fallout
3 Data Center Dynamics:
FlexGen, Rosendin to develop utility-scale BESS solution for data centers
4 Canary Media:
Will Senate Republicans block the climate law rollback?
5 Reuters:
Sunnova Energy to lay off 718 employees
6 Bloomberg:
Warburg Pincus-Backed Solar Mosaic Files for Bankruptcy
7 Energy Storage News:
Eco Stor puts largest BESS in Germany online, former majority owner building Finland project
8 PV-Tech:
Vikram Solar secures SEBI nod for IPO, eyes expansion
Opinions:
9 PV-magazine:
Onyx Renewables secures $260 million financing
Have a great day!
Yann
