Friday Rundown. Before we get into the quick recap of the news, let’s do a review on what it takes for an issue to become a big issue. When Colonial was attacked by ransomware it was a story, but when gas stations run out of fuel and there’s a run on gas across the east coast it will make headlines that won’t go away until the lines at the gas stations do.
The Hack And Pipe Shutdown. Colonial was attacked by ransomware hackers. The shutdown of the pipelines was precautionary but therein lies the problem for anyone in the energy space. One phish of your employees at the corporate level and companies have to determine what that means to their operating infrastructure, definitely a thought exercise for companies around the Country. The hack, as well as what happened with Solarwinds (not solar related), creates the impact of reaching the President’s desk and an executive order to tighten cyber-security protocols in infrastructure sectors including energy.
Pricing Signals (Again). The grass in California hasn’t been green for a few months and moisture levels don’t look promising. With a tough fire season anticipated and hot days to pressure the energy load, regulators are hoping that energy storage is going to play a role. A role indeed but it that doesn’t mean that energy storage asset owners and developers have received any new pricing signals from the operator, CAISO or any other.
What’s The Right Trade Policy? Administrations may have changed but it comes to trade policy in solar, not much has. There is a universal desire to have cheap solar for consumers while also having a domestic manufacturing market. This means that lowering tariffs for solar modules doesn’t work well for either party including the Biden administration.
Come To Florida. (Everyone else is and the traffic is out of control) But the sun is shining on the solar industry! Florida SEIA is hosting a Solar and Storage Summit on June 3 in Orlando! There will be continuing education classes, an exposition hall, two tracks of panel discussions, a cornhole competition during happy hour, along with a keynote by Abigail Ross Hopper, President and CEO of SEIA. Pre-registration is required, and tickets are selling fast with less than 120 remaining! Register here.
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More Tomorrow.
Come To Florida. (Everyone else is and the traffic is out of control) But the sun is shining on the solar industry! Florida SEIA is hosting a Solar and Storage Summit on June 3 in Orlando! There will be continuing education classes, an exposition hall, two tracks of panel discussions, a cornhole competition during happy hour, along with a keynote by Abigail Ross Hopper, President and CEO of SEIA. Pre-registration is required, and tickets are selling fast with less than 120 remaining! Register here.
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Yann
It’s Another Lightning. Everything is about to change. With the release of the F-150 EV, especially if it looks like a traditional F-150, Ford will be changing the future of transportation. They should do the Explorer at the same time!
Come To Florida. (Everyone else is and the traffic is out of control) But the sun is shining on the solar industry! Florida SEIA is hosting a Solar and Storage Summit on June 3 in Orlando! There will be continuing education classes, an exposition hall, two tracks of panel discussions, a cornhole competition during happy hour, along with a keynote by Abigail Ross Hopper, President and CEO of SEIA. Pre-registration is required, and tickets are selling fast with less than 120 remaining! Register here.
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Solar Spills, Revenues, And Oil Wells. You don’t have to listen to the entire Axios interview with Shell’s CEO but note this one line. “Asked when clean energy will be more than 50% of Shell's business, van Beurden said, "I think that will probably be somewhere in the next decade." Shell has one of the largest electricity trading books already (in the US) so electricity as a commodity isn’t new but you’ve also seen some solar pros leading Shell New Energies into several investments and the company also bought storage startup, Sonnen, several years ago. In a world where transportation is electrified, i.e. oil replaced by electrons, you have to ask yourself what the company fuels as the new oil well. While Shell sells 4x as much commodity as it produces, you can correlate that same multiple between trading and generation of electrons. In this decade, Shell’s new oil well is the solar/wind/storage asset that cleans up that solar spill Vote Solar has been warning us about for years.
Midwest Policy Job. Join Vote Solar as the Midwest Policy Director, apply here.
Come To Florida. (Everyone else is and the traffic is out of control) But the sun is shining on the solar industry! Florida SEIA is hosting a Solar and Storage Summit on June 3 in Orlando! There will be continuing education classes, an exposition hall, two tracks of panel discussions, a cornhole competition during happy hour, along with a keynote by Abigail Ross Hopper, President and CEO of SEIA. Pre-registration is required, and tickets are selling fast with less than 120 remaining! Register here.
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Have a great day!
Yann