Opinion
PV-Magazine: New York needs 20 GW of new renewables by 2030, plus transmission, says grid operator
News
1 Reuters:
U.S. sets out oil and gas drilling auctions required under new law
2 Bloomberg:
Investment in Renewable Energy Needs to Quadruple by 2030
3 Axios:
Hurricane Ian is Florida's deadliest in nearly a century
4 PV-Tech:
Suncor Energy sells solar and wind assets to Canadian Utilities
5 Energy Storage News:
Chile energy storage bill passes Senate, moves to treasury and final vote
6 Canary Media:
Hawaii is paying home-battery owners to help the grid. How’s that going?
7 Utility Dive:
MISO energy users cannot leave system without paying their capacity fees
Opinions:
8 PV-Magazine:
New York needs 20 GW of new renewables by 2030, plus transmission, says grid operator
Have a great day!
Yann
IRA Is Bigger Than First Thoughts. Yesterday’s rundown had a report from the World Economic Forum that showed that just this year, renewable energy saved Europeans $29billion in energy costs. This stems from the fact that assets without fuel costs have to only persist in a capex environment with opex largely fixed for the life. Batteries add to those savings because they provide the resiliency without fuel volatility like a peaker plant would. With savings like this, product is in high demand, from solar panels, inverters, transformers and batteries. Projects to be built in 2024 and 2025 have to contract now to get done on time.
Demand Soars, So Does Fly By Night. You’re seeing it already, the get rich quick schemes around the IRA opportunity. With trillions of dollars ready to deploy, getting the money invested is much harder than investment committees think. That also creates a rush towards poor quality and short term thinking, i.e. spend less on capex and hope for the best. In some ways, tax equity provides a level of bankability requirement and that should create a focus on track record, uptime, and financial stability. Cheaper isn’t better, especially as solar plus storage starts getting into power markets and resource adequacy contracts, the higher upside is match with downside if you can’t perform.
IRA Rules Implementation. The government is looking to get the rules set, if you have input, now is the time to get involved.
What To Watch For. OPEC cuts production and draws White House response. Puerto Rico grid isn’t getting any better with new manager and committees. Babcock Ranch in Florida is still not a solar community, it just has a solar farm located nearby. (Newsflash, solar hardware is engineered to withstand 170mph winds and showed that engineers did their jobs)
News
1 The Atlantic:
The Climate Economy Is About to Explode
2 Reuters:
U.S. seeks input on climate law's $270 billion in tax breaks
3 Utility Dive:
Biden pledges to transform Puerto Rico’s power system as thousands remain without power
4 Bloomberg:
Putin’s War Exposes Risks to Deploying Small Nuclear Reactors
5 Axios:
What OPEC's 2 million-barrel cut could mean for U.S. gas prices
6 New York Times:
Florida Leaders Rejected Major Climate Laws. Now They’re Seeking Storm Aid.
7 PV-Tech:
Renewables met rise in global electricity demand during H1 2022 – Ember
8 Energy Storage News:
New Jersey proposes energy storage incentives to reach 2GW deployment target
Opinions:
9 Canary Media:
Want faster, cheaper EV charger installations? Stop digging
Have a great day!
Yann
Opinion
Best, Yann
News
1 Energy Storage News:
Utility Alliant Energy plans 700MWh BESS deployments in Wisconsin
2 World Economic Forum:
Here’s how solar energy saved Europeans $29 billion this summer
3 Bloomberg:
Solar Is Now 33% Cheaper Than Gas Power in US, Guggenheim Says
4 PV-Magazine:
Generac to bring EODev hydrogen fuel cell power generators to North America
5 Canary Media:
Form Energy wins $450M to rust iron for multiday energy storage
6 Reuters:
Complete Solaria to go public via $888 million SPAC deal
7 PV-Tech:
US residential PV systems continue to grow in size, fall in price and increasingly come with batteries, says LBNL report
Opinions:
8 Utility Dive:
Battery energy storage - the importance of energy management software
Have a great day!
Yann
Opinion
Best, Yann
News
1 Washington Post:
Throwing Shade Is Solar Energy’s New Superpower
2 Wall Street Journal:
ConEd Agrees to Sell Clean Energy Business for $6.8 Billion to RWE
3 Utility Dive:
‘It’s a good time to be a banker’ - RE+ panel reports massive growth in corporate investment in renewables
4 Axios:
Governor - North Carolina has "front-row seat" to impact of climate change
5 PV-Tech:
New wafer production method could double throughput to up to 20,000 per hour, rendering European manufacturing more competitive
6 Energy Storage News:
US$100 million financing raised by mobile battery storage manufacturer Moxion
7 CNN:
This 100% solar community endured Hurricane Ian with no loss of power and minimal damage
Opinions:
8 PV-Magazine:
How long do residential energy storage batteries last?
Have a great day!
Yann
