Opinion
Best, Yann
News
1 New York Times:
Some good news on energy
2 Axios:
Kerry speech lays out COP27 agenda, talks "loss and damage"
3 Utility Dive:
Texas solar and wind resources saved consumers nearly $28 billion over 12 years - report
4 Bloomberg:
More Solar Manufacturing Is Coming to the US Thanks to Climate Law
5 Reuters:
Singapore seeks to boost regional electricity imports by 2035
6 PV-Tech:
White House praises Lightsource bp for US clean energy investments
7 Energy Storage News:
Batteries included - Australia to launch National Critical Minerals Strategy
8 PV-Magazine:
South Carolina electric co-op pursues batteries and other alternatives to a proposed gas unit
Opinions:
9 Canary Media:
Why green banks should be able to finance upgrades to old buildings
Have a great day!
Yann
The Next 3 Years. With the IRA as tailwind, a grid lacking resilience and capital looking for yield the forecasts for energy storage growth is going through the roof. BNEF’s revised outlook now has the US adding 115GWh of energy storage over the next 3 years. That means nearly 100billion in capital deployed for energy storage projects, many of which are merchant or attached to solar projects. That capital is going to figure out quickly what a bankable energy storage project looks like and how to operate one. Unlike solar, where the entire deal is made upfront, producing energy against a PPA; energy storage has to be managed financially, traded and real-time decisions have to made about whether to monetize now or later. It also means that you’re solving for uptime on those 115GWh. So here's the question to you, how many cycles do you think that asset base will perform per year?
Opinion
News
1 Energy Storage News:
US, EU policies prompt Bloomberg NEF to upgrade global energy storage deployment forecasts
2 Utility Dive:
DOE taps 20 companies to receive $2.8B for battery manufacturing, minerals processing build-out
3 Bloomberg:
Big Oil Moves Beyond Wind and Solar With Green-Gas Bet
4 New York Times:
E.V.s Start With a Bigger Carbon Footprint. But That Doesn’t Last.
5 Reuters:
London's mayor slams global leaders for 'dragging feet' on climate
6 Axios:
Winter's burden - The new heating prices for 2023
7 Yahoo:
Yellen to tout Biden technology investments at Virginia business incubator
8 PV-Tech:
‘The IRA is a tremendous accelerant to solar growth’ - Brookfield Renewable builds US PV portfolio
Opinions:
9 PV-Magazine:
Inside the IRA
Have a great day!
Yann
The Next 3 Years. With the IRA as tailwind, a grid lacking resilience and capital looking for yield the forecasts for energy storage growth is going through the roof. BNEF’s revised outlook now has the US adding 115GWh of energy storage over the next 3 years. That means nearly 100billion in capital deployed for energy storage projects, many of which are merchant or attached to solar projects. That capital is going to figure out quickly what a bankable energy storage project looks like and how to operate one. Unlike solar, where the entire deal is made upfront, producing energy against a PPA; energy storage has to be managed financially, traded and real-time decisions have to made about whether to monetize now or later. It also means that you’re solving for uptime on those 115GWh. So here's the question to you, how many cycles do you think that asset base will perform per year?
Opinion
News
1 Energy Storage News:
US, EU policies prompt BloombergNEF to upgrade global energy storage deployment forecasts
2 Utility Dive:
DOE taps 20 companies to receive $2.8B for battery manufacturing, minerals processing build-out
3 Bloomberg:
Big Oil Moves Beyond Wind and Solar With Green-Gas Bet
4 New York Times:
E.V.s Start With a Bigger Carbon Footprint. But That Doesn’t Last.
5 Reuters:
London's mayor slams global leaders for 'dragging feet' on climate
6 Axios:
Winter's burden - The new heating prices for 2023
7 Yahoo:
Yellen to tout Biden technology investments at Virginia business incubator
8 PV-Tech:
‘The IRA is a tremendous accelerant to solar growth’ - Brookfield Renewable builds US PV portfolio
Opinions:
9 PV-Magazine:
Inside the IRA - What is an Energy Community?
Have a great day!
Yann
Shoring Up Upstream Batteries. The White House announced sweeping support of key upstream battery projects in commodities, mining, manufacturing and recycling for battery technologies. Many of these projects are with established firms that will be crucial for establishing a robust domestic supply chain. With batteries containers weighing 75 thousand pounds plus, the logistics value of domestic sourcing will make all the economic sense. Now the private capital will have to follow suit to accelerate this even further.
Opinion
News
1 White House:
FACT SHEET - Biden-Harris Administration Driving U.S. Battery Manufacturing and Good-Paying Jobs
2 Utility Dive:
Venture capital interest in solar, energy storage is soaring in the first months post-Inflation Reduction Act
3 Bloomberg:
US Renewable Power Set to Get More Than 20% Boost From New Climate Law
4 New York Times:
E.V. Bonanza Flows to Red States That Denounce Biden Climate Policies
5 Axios:
Shell bids for Nature Energy, as biogas deals heat up
6 Reuters:
U.S. senator to hold EV battery hearing if GOP takes control
7 PV-Tech:
Pivot Energy gets US$100 million loan to develop solar and storage pipeline
8 Energy Storage News:
US, EU policies prompt BloombergNEF to upgrade global energy storage deployment forecasts
9 Canary Media:
Perovskites can make solar panels more efficient than silicon alone
Opinions:
10 PV-Magazine:
Renewable PPA price relief from the Inflation Reduction Act may take time
Have a great day!
Yann
