The Big Solar Purchase. India’s Reliance Industries has acquired REC for $771million. REC, the module manufacturer, that has made strides to be a leading premium provider in the US market will grow its manufacturing operations across the globe including new factories in the US, France and India as well as expansion in Singapore. This is an exciting transition story for Reliance as well and a nice footprint addition for domestic manufacturing. I’m a big fan of the US team that REC has and wish them all the success possible in the future.
Opinion
News
1 PV-Tech:
Reliance buys REC Group, plans to support new module facilities in France and US
2 Canary Media:
California’s biggest all-electric utility has a plan to meet the state’s tough 2030 carbon targets
3 Reuters:
Regulatory and practical keys to achieving a solar future
4 Utility Dive:
A century later, utilities still face billions in potential liabilities from obsolete manufactured gas plants
5 Bloomberg:
Biggest Saudi IPO Since Aramco Jumps 30% on Trading Debut
6 Axios:
Oil and gas producers are still holding back
7 RMI:
Growing Gigawatts of Green Hydrogen
8 PV-Magazine:
In California and Hawaii, the benefits of smart inverters are just beginning
Opinions:
9 GreenBiz:
Indigenous tribes are key to the US reaching its climate goals
Have a great day!
Yann
This Is The Climate Bill. The budget reconciliation bill was originally dubbed the societal benefits bill is taking on the mantle of a climate bill. Part of this is the push to get Arizona’s Senator Sinema to support the policy at a significant price tag and tease Senator Manchin with job training, reclamation and other energy related funding for West Virginia. Take me home, I say to this climate bill!
Community Solar’s Headline. Georgia’s Senator Ossoff has taken a focus to the solar industry, with Georgia taking leadership in solar manufacturing. Last week he hosted, Secretary Granholm as well as leaders from the solar space where the Secretary announced the plan to grow community solar to cover 5 million homes. For renters, lack of technical resource, or apartment dwellers, community solar does the good work of separating generation from offtaker. From a financing standpoint, it promotes a faster and more secure financing mechanism that doesn’t need a single mega off taker for a solar farm output.
A Pope’s Message. The Pope is canceling his attendance at COP26 in Glasgow but took time this week to speak to parliamentarians ahead of the UN climate conference. He emphasized that everyone has a role to play including political and government leaders and that society owes this commitment to young and future generations. He also met with Speaker Pelosi.
10 Years, Too Fast, Too Short. Senator King highlighted that the Biden goal for solar and clean energy production is fast and that utilities are rightfully calling it a tall order. That’s the Congressional issue with 10 year policies, that make it nearly impossible to push for legislation that outlines long term goals beyond that metric. So 10 years may be too fast, when it reality it’s the timeframe being too short for issues of climate’s magnitude.
Opinion
News
1 New York Times:
Major Climate Action at Stake in Fight Over Twin Bills Pending in Congress
2 The Hill:
Biden administration announces goal of 5 million homes powered by community solar
3 PV-Tech:
NanoPV to open manufacturing facility in Georgia, US
5 Utility Dive:
The pace of Biden's clean energy standard is a 'tall order' for utilities, says Sen. King
6 FOX Local:
U.S. Senator Ossoff and U.S. Secretary Granholm visit Savannah, investing in solar energy
7 Bloomberg:
Energy Crisis Sets Stage for Record Global Carbon Emissions
8 Energy Storage News:
China continues to dominate lithium battery supply chains but policy support gives US new hope
9 PV-Magazine:
Scaling up distributed solar and storage could save ratepayers $109b by 2030
Opinions:
10 Canary Media:
What’s behind solar’s polysilicon shortage — and why it’s not getting better
Have a great day!
Yann
Opinion
Best, Yann
News
1 Canary Media:
BP acquires Blueprint Power to tap the grid-balancing capability of big buildings
2 Reuters:
Exclusive-U.S. Democrats court Manchin with two-part climate plan -sources
3 Bloomberg:
Puerto Rico to Declare Power Emergency to Avoid Blackouts
4 Axios:
Biden administration to work with EU to prevent energy supply crisis
5 New York Times:
China’s Power Crunch Exposes Tensions Ahead of Key U.N. Climate Summit
6 Utility Dive:
Southern, Duke, PJM, others call for more transmission, coordination to handle renewables surge
7 Vox:
The US is closer than ever before to making major progress on the climate crisis
8 PV-Tech:
Ares Management acquires majority stake in Apex Clean Energy
9 RMI:
It’s Time for California to Face Its Dirty Oil Problem
10 Energy Storage News:
Northvolt’s US$750m R&D campus will directly benefit battery manufacturer’s grid-storage efforts
Opinions:
11 PV-Magazine:
Computer model uses AI to detect faults in residential solar
Have a great day!
Yann
Opinion
Best, Yann
News
1 The Hill:
Senate poised to stave off debt crisis
2 Energy Storage News:
This year ‘marks the start of continued global expansion’ for energy storage industry, IHS Markit says
3 Canary Media:
North Carolina to mandate 70% cut in electricity CO2 emissions by 2030
4 PV-Magazine:
SunPower buys Blue Raven Solar to sharpen its focus on residential solar
5 Utility Dive:
US utilities have billions in unpaid customer balances. What should they do?
6 Axios:
GM plans to double revenues by 2030 as it rolls out EVs and services
7 Reuters:
Google wants to use AI to time traffic lights more efficiently
Opinions:
8 RMI:
Fighting Climate Change on the Home Front
Have a great day!
Yann
