This is your SolarWakeup for April 6th, 2023
March Madness Champ. Like many of you, my march madness bracket fell apart before the tournament even got started with Arizona taking an early exit. There was some South Florida excitement with Miami and FAU making the final four. Congrats to our Wakeup champion, Elaine Little, who can step forward and claim the prize. (send me an email and we can coordinate details).
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News
1 New York Times:
It’s Not Just Willow - Oil and Gas Projects Are Back in a Big Way
2 Reuters:
U.S. VP Harris takes Biden's jobs message to Marjorie Taylor Greene's district
3 Bloomberg:
Musk Puts $14 Trillion Price Tag on Sticking by Fossil Fuels
4 PV-Magazine:
Renewables to represent 69% of U.S. capacity additions through mid-century
5 Utility Dive:
USDA offers $1B in renewables grants, including funds for ‘underutilized’ technology like small hydropower
6 PV-Tech:
Nearly 1TW of solar PV in US interconnection queues in 2022
Opinions:
7 Energy Storage News:
Illinois could introduce solicitations for energy storage procurements
Have a great day!
Yann
This is your SolarWakeup for April 6th, 2023
Your Thoughts? I’ve been thinking a lot about today’s top story and going back and forth in my mind about the comments made by Exxon’s climate chief. Before I consolidate my words into a paragraph for you, I’d love to hear from you on the topic.
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News
1 Axios:
Exxon climate boss sees a multi-trillion-dollar market
2 Bloomberg:
Billionaire Tom Steyer Plans Net Zero Apartment Upgrades Across US
3 Utility Dive:
LS Power, other Illinois power plant owners ask FERC to nix $275M in PJM Winter Storm Elliott penalties
4 Reuters:
Ford, Stellantis says new rules will cut EV tax credits for most models
5 PV-Tech:
CapitalOne opts for production tax credits with US$90 million investment in 120MW Duke Energy PV project
6 Energy Storage News:
Maryland could cut energy costs and emissions with 2.5GW of storage by 2033, says ACP
7 Canary Media:
NYC’s grid is stressed. A ‘smart’ EV charging program aims to help
Opinions:
8 PV-Magazine:
Co-location, transferability and prevailing wages
Have a great day!
Yann
This is your SolarWakeup for April 5th, 2023
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News
1 Bloomberg:
What Higher Oil Prices Mean for the Fight Against Climate Change
2 Reuters:
Exxon says its decarbonization business could outgrow oil, in multi-trillion market
3 Solar Power World:
IRS provides guidance on ‘energy community’ bonus credit in IRA
4 Financial Times:
Texas leaders threaten wind and solar boom with legislative push
5 Utility Dive:
Solar panels and energy storage are worth the cost to integrate into US grid, executives say
6 PV-Tech:
US customs detained 2GW of PV modules in 2022 under UFLPA
7 PV-Magazine:
141 million U.S. residents impacted by electricity capacity constraints in 2022
Opinions:
8 Canary Media:
Why Puerto Rican communities are all-in on solar microgrids
Have a great day!
Yann
This is your SolarWakeup for April 3rd, 2023
Nevados Opens Texas Manufacturing. Caught in the Linkedin news, Nevados (the single axis tracker startup I mentioned a few months ago) opened a Texas manufacturing line according to this post.
New Commercial Solar Lender. Some old friends and names are back in the game, tackling commercial solar lending. Early executives behind Mosaic’s solar lending platform are building Orka and looking to make it easier for the elusive C&I market to get access to capital. Learn more or apply here and ride the wave with ORKA
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 Canary Media:
The threat of new US solar tariffs is back
2 Utility Dive:
EV sector welcomes Treasury’s tax credit guidance as Manchin fumes over sourcing flexibility
3 Bloomberg:
California Grid Needs $9.3 Billion Upgrade in Renewables Shift
4 Reuters:
Column-A global guide to electric grid development plans - Maguire
5 PV-Tech:
US utility Portland General Electric publishes clean energy plan
6 PV-Magazine:
As electricity rates rose 7.5% last year, solar offers bill stability
7 Energy Storage News:
Philippines president says energy storage has ‘vital’ infrastructure role to play
Opinions:
8 GreenBiz:
The EU fuels the lifespan of combustion-engine vehicles in Germany
Have a great day!
Yann
This is your SolarWakeup for April 3rd, 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 Barron’s:
In Rural America, Big Solar Projects Often Get A Frosty Welcome
2 Utility Dive:
North Carolina forges new path on net metering as other states cut rooftop solar incentives
3 Bloomberg:
Biden’s Landmark Climate Bill Lures China’s Clean Energy Giants
4 Axios:
How a dead pro basketball league is electrifying truck stops
5 Reuters:
U.S. government to provide $1 billion for rural renewable energy
6 PV-Tech:
Canada announces plans for IRA-style solar and storage investment in 2023 budget
7 Energy Storage News:
Australia’s residential energy storage market grew 55% in 2022
8 PV-Magazine:
DOE workforce program matches recent grads with energy fellowship opportunities
Opinions:
9 Canary Media:
Tesla has installed very few solar roofs, despite Elon Musk’s hype
Have a great day!
Yann
This is your SolarWakeup for March 30th, 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 Bloomberg:
UK Infrastructure Bank to Invest £200 Million for Energy Storage
2 Politico:
Canada’s C$80B response to U.S. clean energy push - ‘We will not be left behind’
3 Utility Dive:
New Jersey seeks up to 4 GW of offshore wind in latest solicitation
4 PV-Magazine:
Giving women support to engineer the renewable energy future
5 Reuters:
US battery sourcing guidance to cut some EV tax credits -official
6 PV-Tech:
Investment of US$35 trillion needed for energy transition by 2030 – IRENA
7 Energy Storage News:
Developer Agilitas to expand from Northeast US base with US$75 million Texas BESS portfolio acquisition
Opinions:
8 New York Times:
In Rare Show of Force, House Democrats Pressure Hochul on Climate Bill
Have a great day!
Yann
This is your SolarWakeup for March 29th, 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:
Global energy transition investments must quadruple to $5T to reach climate targets - IRENA
2 Bloomberg:
China Takes Its Climate Fight to the Rooftops
3 Reuters:
Home battery sales in Germany may surge 59% this year -study
4 Solar Builder:
OYA Renewables secures $27 million loan from City National Bank to support community solar
5 Renewable Energy World:
Dan Shugar is just getting started
6 PV-Tech:
Brookfield Renewable buys Australian Origin Energy with 14GW renewables addition target
7 Energy Storage News:
US energy storage industry grapples complexity, cost of ITC tax equity transactions
8 PV-Magazine:
EnerVenue announces non-lithium battery gigafactory in Kentucky
Opinions:
9 Canary Media:
The great ‘green hydrogen’ battle
Have a great day!
Yann
This is your SolarWakeup for March 28th, 2023
TVA ‘Leading’. For the government’s test bed on utility innovation, TVA could be doing so much with solar and storage but instead is choosing to embark on a pilot mission to nowhere with small reactor technologies. Let’s kick it off with collocating storage at every TVA power plant and then work on next decade’s projects.
News
1 Utility Dive:
TVA, GE Hitachi, 2 others commit to $400M international small modular reactor project
2 GreenBiz:
The White House's 2024 budget proposal prioritizes climate tech
3 Bloomberg:
The White House's 2024 budget proposal prioritizes climate tech
4 Reuters:
Exclusive - US plans ultimatum in Mexico energy dispute, raising threat of tariffs
5 Energy Storage News:
Global energy storage market to experience 23% CAGR until 2030 – BNEF
6 Canary Media:
New York has a new plan to get all the grid batteries it needs
Opinions:
7 PV-Magazine:
Spruce Power acquires residential solar portfolio across 10 states
Have a great day!
Yann
This is your SolarWakeup for March 27th, 2023
Living While Global Change Happens. It takes a step back for all of us to realize how much change is actually happening in real time for our energy infrastructure. I watch as my neighbors habits on commuting to work changes every day, sometimes at the last minute deciding whether to go in or not. We never think, but expect, electricity to be available in either location with no advance notice. Is it uncommon for homes to have two 50A breakers for EV charging? Does the office you go to have fast charging or other means of fueling your car? Now quick, how many EVs are available for purchase today in the US? (It’s 40 made by 12 OEMs). My point is that we’re using more energy than ever before but the way and location we use them has never been more volatile. We have zero tolerance for the lightswitch to not cause the light to turn on, the grid must be 100% reliable or consumers, regulators and politicians take it out on grid operators. (Also, don’t raise the rates) This is monumental change and has a tremendous task ahead, just read the headlines from PJM and ISO-NE over the past month. More resilience is needed in order for things to keep working the way we want, and that’s assuming that the rate of change does not accelerate further. (which it will, thanks to the IRA)
Change Means Opportunity. Goldman Sachs now sees the IRA creating over 1.2Trillion dollars in new investments and that could be assuming current circumstances. I’ll add one very likely scenario for the auto sector. Cars that lose demand, don’t get discontinued when demand goes to zero, they get discontinued when they hit a non-profitable volume. This year will be the last one of America’s muscle cars, the Chevrolet Camaro. While it used to sell 70k plus units per year, last year it did just over 20k. That means 20k would be buyers next year will go elsewhere and the likelihood that a thrill seeking, muscle car driver goes electric is very high, especially with juicy tax credits.
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:
DOE cyber chief gets bipartisan grilling as senators question US reliance on China for grid equipment
2 Bloomberg:
Biden Reaches Moment of Truth for Electric Vehicle Tax Credits
3 Axios:
Tiny island nation takes climate change to The Hague
4 Reuters:
Berlin votes on tighter climate goals in test of Germans commitment to change
5 PV-Tech:
Spruce Power improves financial results in 2022, sets out growth plan
6 Solar Power World:
Solar panel players still squabbling over AD/CVD circumvention case
7 Energy Storage News:
Nova Scotia electricity law changes give ‘new momentum’ to energy storage projects
8 PV-Magazine:
SolSmart technical assistance program targets 1,000 leading solar communities by 2027
Opinions:
9 Canary Media:
Chart - How much clean energy has been added globally since 2017?
Have a great day!
Yann
This is your SolarWakeup for March 24th, 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-Tech:
US residential solar to boom amidst homeowner energy concerns and IRA tailwinds – Aurora Solar
2 Utility Dive:
Sen. Rosen urges fellow Democrats to keep solar tariff pause in place, citing low US production capacity
3 Energy Storage News:
Canadian Solar doubles storage shipments in 2022 but expects just c.5% growth in 2023 ‘transition year’
4 PV-Magazine:
North America represents 21% of global energy storage market by 2030
5 Bloomberg:
US Solar Capacity Gets Boost From $147 Million Hanwha Plant
6 Canary Media:
New South Carolina plant could process enough lithium for 2.4M EVs a year
7 BLM:
BLM To Offer 1,064 Acres For Solar Lease Auction
Opinions:
8 Reuters:
Bitcoin mining booms in Texas
Have a great day!
Yann
