Opinion
Best, Yann
News
1 Politico:
Democrats start bargaining in bid to save party-line megabill
2 Utility Dive:
MISO, ISO-NE execs stress need for new power supply planning framework at FERC reliability meeting
3 PV-Tech:
FERC rolls back ‘anti-renewables’ policy in PJM market
4 Solar Power World:
California legislators push for community solar provision in new net-metering plan
5 PV-Magazine:
Massachusetts weighs SMART program changes
6 Bloomberg:
Adani Says Total Green Investments to Top $50 Billion by 2030
7 Axios:
Tesla beats Q3 delivery expectations, sets new record
8 Reuters:
Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal
Opinions:
9 Canary Media:
Build Back Better Act would reduce the burden of household energy costs
Have a great day!
Yann
Biden Gets Involved. The President went to Congress last week and linked the two infrastructure bills, the bipartisan bill and the budget reconciliation. Pelosi couldn’t bring the bipartisan bill to the floor last week and has set a Halloween deadline to get things done even though there is a 2-week recess coming up. The question now comes down to price tag on the social safety net bill, which is what most of you are keen to see because the 10 year ITC extension for solar at 30%, ITC for standalone storage and direct pay for small solar is expected to be packaged in that bill. The showdown is between the House Progressive Caucus and Senators Sinema and Manchin who are not ready to sign on to the $3.5trillion ask in the House. To put it into context, this is a 10 year spending number and Congress passed a defense authorization over $7trillion last week.
Tesla Delivers And Elon Forecasts. Tesla delivered over 240k new cars last quarter, mostly their model 3 and Y version which have a more than 6 month delivery wait currently. This is not a new statement from Elon, but he reiterated that the continued shift to electric transportation will require a doubling of global electricity generation.
The Global Energy Crisis. You’re starting to hear it, the fuel shortage in Europe for oil and gas causing lines at gas stations and price increases for electricity, the rationing of electricity in China causing factories to lower production forecasts and then the gas price spikes in the US. It’s a global energy crisis and don’t look now but most utilities are upside down on their fuel forecasts for low cost natural gas power plants that consumers will have to pick up the extra costs for. A hard winter in the northeast could be a financial disaster with fuel futures showing much higher costs than previous winters.
California’s Path To Energy Resilience. The most frustrating political fight is California legislators and regulators singing the tune for 100% renewables but then allowing net metering changes to go to the goal line with the threat to eliminate the crucial policy for distributed energy. This isn’t just about solar on homes but also microgrids for manufacturing and schools that allow for the economy to keep moving forward if transmission is impacted by extreme weather events.
Opinion
News
1 Axios:
Biden floats roughly $2 trillion price tag for reconciliation
2 Barrons:
Tesla’s Musk Says U.S. Electricity Production Needs to Double to Power Transition to EV Vehicles
3 New York Times:
Global Natural Gas Crunch Roils Consumers and Industry
4 Utility Dive:
As California's solar net metering battle goes to regulators, a focus on reliability may be the best answer
5 Bloomberg:
What’s Behind Europe’s Skyrocketing Power Prices
6 Reuters:
Solar supply squeeze frustrates New Mexico's move away from coal
7 Energy Storage News:
Fluence IPO ‘can open investment doors for energy storage and renewable energy industry’
8 Canary Media:
SoftBank’s renewables developer just made the biggest flow battery purchase ever
Opinions:
9 PV-Magazine:
PV Evolution Labs crowdsources solar inverter testing
Have a great day!
Yann
Opinion
Best, Yann
News
1 Politico:
Pelosi delays infrastructure vote as Democrats struggle to reach deal
2 Reuters:
Exclusive-The king of oil bets on batteries for a green world
3 The Hill:
Manchin says his spending limit is $1.5 trillion
4 PV-Magazine:
House bill would channel $3.5 billion to domestic solar manufacturing
5 UTility Dive:
Democrats' clean electricity plan to require 85 GW of renewable energy additions a year - S&P
6 Bloomberg:
China Orders Top Energy Firms to Secure Supplies at All Costs
7 PV-Tech:
Solar manufacturing majors call on customers to delay projects amidst supply ‘crisis’
8 Solar Power World:
Commerce says petitioners can’t be anonymous in latest solar panel tariff development
Opinions:
9 Canary Media:
Utility Entergy stymied transmission projects that might have prevented some New Orleans blackouts
Have a great day!
Yann
Opinion
Best, Yann
News
1 The Hill:
House appears poised to pull infrastructure vote amid stubborn stalemate
2 Reuters:
U.S. trade officials delay decision on new solar tariffs
3 Politico:
Manchin offers alternative plans to Democrats' 'fiscal insanity'
4 EarthJustice:
PJM Reverses Policy Designed to Stymie Clean Energy
5 Canary Media:
Energy storage leader Fluence preps for old-school IPO, bucking SPAC trend
6 PV-Tech:
SEIA calls for solar to reach 30% of US electricity generation by 2030
7 Bloomberg:
TotalEnergies CEO Says Europe Gas Crisis May Last All Winter
8 Energy Storage News:
Morocco-UK Power Project
Opinions:
9 PV-Magazine:
U.S. solar notches record Q2, but faces bottleneck issues
Have a great day!
Yann
