This is your SolarWakeup for May 19th, 2023
Physics Versus Markets. Everywhere you look, the need for power market reforms is obvious. Transportation is electrifying, but are we speeding up the permitting for new charging stations? Trucking is going electric, but how will distribution centers get utility service to charge 100 trucks simultaneously? Grid operators are sounding the alarm about capacity reserves, yet auctions aren’t clearing rates to build new assets and even if they did, would projects get interconnections in time? Offshore windfarms will join congested grid connections without adequate flexibility at those POIs. My point is that we know that the grid needs more intelligent flexibility but market or pricing signals are not coming fast enough to deploy the trillions of dollars necessary. This is not a unique problem to the US, grids are not keeping up with the needs of tomorrow’s economy.
News
1 Reuters:
National Grid CEO calls for urgent policy reforms to speed energy transition
2 NPR:
China dominates the solar power industry. The EU wants to change that
3 Utility Dive:
As Sen. Carper releases permitting reform proposal, White House vows to update NEPA rules
4 Bloomberg:
Shell Demands Profit From Green Energy, Not Just CO2 Cuts
5 Axios:
Corporate heavyweights unveil major carbon removal deal
6 Solar Power World:
NC net-metering changes pushed from July to October
7 Canary Media:
How robots could dramatically speed up solar farm construction
8 PV-Magazine:
Hot topics at RE+ Southeast renewable energy conference
Opinions:
9 Los Angeles Times:
Would you want a big wind or solar farm in your community? We took a survey
Have a great day!
Yann
This is your SolarWakeup for May 18th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Reuters:
US power grids vulnerable to extreme heat conditions this summer, NERC says
2 Axios:
Team Biden doles out carbon storage funding
3 Bloomberg:
Europe’s Emissions Fall Below Lockdown Levels During Energy Crisis
4 Utility Dive:
Elliott Management urges leadership, operational changes at NRG after ‘meaningful underperformance’
5 Energy Storage News:
Ontario awards 739MW of battery storage contracts in Canada’s biggest procurement to date
6 Canary Media:
Biden’s got a plan for ramping up energy transmission
Opinions:
7 PV-Magazine:
Puerto Rico cannot afford to repay any of utility PREPA’s debt, says analyst
Have a great day!
Yann
This is your SolarWakeup for May 17th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 New York Times:
Biden Vetoes Legislation That Would Reinstate Tariffs on Some Solar Panels
2 The Hill:
Manchin, Wyden, Kaptur blast Biden guidance on solar panels
3 Reuters:
Biden administration announces $11 bln for rural clean energy projects
4 Utility Dive:
FERC’s Christie pushes review of power markets, deregulation ahead of agency’s PJM, ISO-NE scrutiny
5 Bloomberg:
California Sees Less Risk of Summer Blackouts With Power Surplus
6 Axios:
Latin American leaders shift strategy on massive lithium reserves
7 PV-Tech:
Spruce Power’s adjusted EBITDA up 33% in Q1 2023
8 PV-Magazine:
Utility-scale solar interconnection costs up as much as 400%
Opinions:
9 Canary Media:
Green steel could help rebuild America’s Rust Belt
Have a great day!
Yann
This is your SolarWakeup for May 16th, 2023
Next Week In New Orleans. We’re kicking off summer conference season with ACP’s CleanPower conference in New Orleans. This all-renewables event brings together the energy transition to figure out how to kick the IRA into high gear. I’ll be there all week, as FlexGen showcases our energy storage software and services to the industry, if you’re there, make sure to let me know.
Guidance Feedback. IRA tax guidance for domestic adders made for a long weekend and we’re encouraged by Treasuries’ work with industry to craft the first step to a great start to the IRA implementation. Policy often finds the road between advocates and execution that leaves folks somewhat happy and somewhat upset at what more would have helped them but that’s how the sausage is made.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Bloomberg:
Ukraine Is Planning Its Green Reconstruction Even as War Rages On
2 Utility Dive:
IRS details which renewable energy components must be made in the US to qualify for IRA tax credits
3 Axios:
Gas-powered cars won't die off any time soon
4 Energy Storage:
Octopus to optimise Masdar’s £1 billion UK battery storage pipeline
5 New York Times:
Times Topics - Solar Energy
6 Reuters:
Vietnam PM approves $135 billion power plan for 2030
7 PV-Tech:
MPC Energy Solutions to develop solar PV plant in Panama
8 PV-Magazine:
PosiGen procures $250 million debt facility to fund energy communities projects
Opinions:
9 Canary Media:
How US school buses are going electric, in four charts
Have a great day!
Yann
This is your SolarWakeup for May 15th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 PV-Magazine:
Treasury Department releases guidance on solar domestic content
2 Utility Dive:
How PJM, America’s biggest grid operator, got its reliability report wrong
3 Canary Media:
The EPA has a controversial new plan to clean up power plants
4 ABP News:
Off-grid solar brings light, time and income to remotest villages
5 Bloomberg:
EU Lawmaker Looks to Cap Windfall Profits in Power Price Crisis
6 Reuters:
France lands battery gigafactory with sweeteners, zero-carbon power
7 PV-Tech:
Renewable Energy forms lion’s share of Baywa Group’s Q1 2023 revenue
8 Axios:
The climate gains of urban trees
Opinions:
9 New York Times:
Some U.S. Solar Makers Criticize Biden’s Tax Credits as Too Lax on China
Have a great day!
Yann
This is your SolarWakeup for May 12th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 New York Times:
In a Climate Trade-Off, Biden Backs Manchin’s Fossil Fuel Plan
2 Reuters:
France bags battery gigafactory with aggressive lobbying, incentives
3 PV-Magazine:
Solar on industrial rooftops could meet 35% of electricity demand of manufacturing facilities
4 Utility Dive:
DOE directs $26M to PG&E, ConEd and other projects testing how clean energy can support a resilient grid
5 Axios:
EPA issues plan to clamp down on power plant carbon emissions
6 PV-Tech:
Maxeon looking to expand in the US with cell and module assembly plant
7 Energy Storage News:
European Energy Storage Coalition launches, welcomed by EC energy commissioner Simson
8 Canary Media:
New York state just approved publicly owned renewables
Opinions:
9 Bloomberg:
Lithium Industry Finally Pulls Off a Multibillion-Dollar Deal
Have a great day!
Yann
This is your SolarWakeup for May 11th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 PV-Magazine:
Biden Administration outlines energy permit reform priorities
2 Reuters:
US Homeland Security Department conducts raids at two Jinko Solar properties
3 Energy Storage News:
IRA tailwinds will take time to translate into revenue growth, flow battery player ESS Inc says
4 Politico:
Are Democrats finally winning the war on coal?
5 Utility Dive:
DOE proposes framework for national transmission corridors to spur new lines, ease grid congestion
6 Bloomberg:
Africa Needs $700 Billion of Finance for Green Energy and Metals
7 Axios:
Microsoft signs nuclear fusion deal as part of sustainability push
8 PV-Tech:
Higher shipments and ASP pushes Array Technologies revenue up in opening quarter
9 Canary Media:
Octopus Energy is bringing clean, distributed energy to the masses
Opinions:
10 Washington Post:
We need an area the size of Texas for wind and solar. Here’s how to halve it.
Have a great day!
Yann
This is your SolarWakeup for May 10th, 2023
Shoals Hitting Stride. The freshly public company is making waves for taking share of making solar farms work. While the noise is usually for the big capex, Shoals represents a fraction of the project spend but an important component that makes it all stay operational. This continues to be a great success story in the solar market.
The Texas Gambit. Texas Senate approved an anti-solar piece of legislation this week that would increase regulatory hurdles to achieve development while increasing taxes on the power plants as well. The bill needs to clear the State House to see if it becomes law.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 PV-Tech:
Shoals Technologies’ adjusted EBITDA up 119% in Q1 2023
2 Utility Dive:
Hawaii leads the way on advanced rate design with default time-of-use rates, fixed charge innovations
3 Washington Post:
Why Texas, a clean energy powerhouse, is about to hit the brakes
4 Bloomberg:
Duke Energy Sees Writedowns for Renewable Unit Being Sold Swelling to $1.5 Billion
5 Axios:
The COVID pandemic was not an oil inflection point
6 Canary Media:
Silicon Valley Bank is back to financing community solar
7 PV-Magazine:
Scientists warn of heat-induced failure risks in HJT glass-backsheet PV modules
Opinions:
8 Reuters:
COLUMN-Drive to keep cool kicks off peak US power emissions season - Maguire
Have a great day!
Yann
This is your SolarWakeup for May 9th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Utility Dive:
PNM proposes non-wires battery pilot to address overloaded feeders at solar facilities
2 Reuters:
Germany will have to import 70% of green hydrogen - econ minister
3 Bloomberg:
Actis Sets Up $500 Million Renewables Platform in Japan
4 News4Jax:
Federal agents issue search warrant at solar panel plant at Cecil Commerce Center
5 Axios:
Intense heat waves occur primarily because of climate change
6 Vox:
Why most car dealers still don’t have any electric vehicles
7 Canary Media:
A California bill could help EVs prevent blackouts
8 PV-Magazine:
The income graduated fixed charges in California will harm customers with low electric bills
Opinions:
9 The Atlantic:
The Billion-Dollar Ponzi Scheme That Hooked Warren Buffett And The U.S. Treasury
Have a great day!
Yann
This is your SolarWakeup for May 8th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Energy Storage News:
US utilities can leverage VPPs to save billions, Google-commissioned report finds
2 New York Times:
Backup Power - A Growing Need, if You Can Afford It
3 PV-Magazine:
NEM 3.0 sparks the growing potential of virtual power plants
4 Bloomberg:
Why the Fight for ‘Critical Minerals’ Is Heating Up
5 Reuters:
Israel to boost energy storage with eye on facilitating Sabbath supplies
6 PV-Tech:
Solar industry reacts to Senate’s vote to remove Biden’s import tax waiver
7 Canary Media:
Chart - EVs could make up more than a third of global car sales by 2030
Opinions:
8 Utility Dive:
As Shell and other oil and gas majors adopt clean energy strategies, how should electric utilities respond?
Have a great day!
Yann
