This is your SolarWakeup for October 7th, 2022
Opinion
News
1 Reuters:
U.S. sets out oil and gas drilling auctions required under new law
2 Bloomberg:
Investment in Renewable Energy Needs to Quadruple by 2030
3 Axios:
Hurricane Ian is Florida's deadliest in nearly a century
4 PV-Tech:
Suncor Energy sells solar and wind assets to Canadian Utilities
5 Energy Storage News:
Chile energy storage bill passes Senate, moves to treasury and final vote
6 Canary Media:
Hawaii is paying home-battery owners to help the grid. How’s that going?
7 Utility Dive:
MISO energy users cannot leave system without paying their capacity fees
Opinions:
8 PV-Magazine:
New York needs 20 GW of new renewables by 2030, plus transmission, says grid operator
Have a great day!
Yann
This is your SolarWakeup for October 6th, 2022
IRA Is Bigger Than First Thoughts. Yesterday’s rundown had a report from the World Economic Forum that showed that just this year, renewable energy saved Europeans $29billion in energy costs. This stems from the fact that assets without fuel costs have to only persist in a capex environment with opex largely fixed for the life. Batteries add to those savings because they provide the resiliency without fuel volatility like a peaker plant would. With savings like this, product is in high demand, from solar panels, inverters, transformers and batteries. Projects to be built in 2024 and 2025 have to contract now to get done on time.
Demand Soars, So Does Fly By Night. You’re seeing it already, the get rich quick schemes around the IRA opportunity. With trillions of dollars ready to deploy, getting the money invested is much harder than investment committees think. That also creates a rush towards poor quality and short term thinking, i.e. spend less on capex and hope for the best. In some ways, tax equity provides a level of bankability requirement and that should create a focus on track record, uptime, and financial stability. Cheaper isn’t better, especially as solar plus storage starts getting into power markets and resource adequacy contracts, the higher upside is match with downside if you can’t perform.
IRA Rules Implementation. The government is looking to get the rules set, if you have input, now is the time to get involved.
News
1 The Atlantic:
The Climate Economy Is About to Explode
2 Reuters:
U.S. seeks input on climate law's $270 billion in tax breaks
3 Utility Dive:
Biden pledges to transform Puerto Rico’s power system as thousands remain without power
4 Bloomberg:
Putin’s War Exposes Risks to Deploying Small Nuclear Reactors
5 Axios:
What OPEC's 2 million-barrel cut could mean for U.S. gas prices
6 New York Times:
Florida Leaders Rejected Major Climate Laws. Now They’re Seeking Storm Aid.
7 PV-Tech:
Renewables met rise in global electricity demand during H1 2022 – Ember
8 Energy Storage News:
New Jersey proposes energy storage incentives to reach 2GW deployment target
Opinions:
9 Canary Media:
Want faster, cheaper EV charger installations? Stop digging
Have a great day!
Yann
This is your SolarWakeup for October 5th, 2022
Opinion
News
1 Energy Storage News:
Utility Alliant Energy plans 700MWh BESS deployments in Wisconsin
2 World Economic Forum:
Here’s how solar energy saved Europeans $29 billion this summer
3 Bloomberg:
Solar Is Now 33% Cheaper Than Gas Power in US, Guggenheim Says
4 PV-Magazine:
Generac to bring EODev hydrogen fuel cell power generators to North America
5 Canary Media:
Form Energy wins $450M to rust iron for multiday energy storage
6 Reuters:
Complete Solaria to go public via $888 million SPAC deal
7 PV-Tech:
US residential PV systems continue to grow in size, fall in price and increasingly come with batteries, says LBNL report
Opinions:
8 Utility Dive:
Battery energy storage - the importance of energy management software
Have a great day!
Yann
This is your SolarWakeup for October 3rd, 2022
Opinion
News
1 Washington Post:
Throwing Shade Is Solar Energy’s New Superpower
2 Wall Street Journal:
ConEd Agrees to Sell Clean Energy Business for $6.8 Billion to RWE
3 Utility Dive:
‘It’s a good time to be a banker’ - RE+ panel reports massive growth in corporate investment in renewables
4 Axios:
Governor - North Carolina has "front-row seat" to impact of climate change
5 PV-Tech:
New wafer production method could double throughput to up to 20,000 per hour, rendering European manufacturing more competitive
6 Energy Storage News:
US$100 million financing raised by mobile battery storage manufacturer Moxion
7 CNN:
This 100% solar community endured Hurricane Ian with no loss of power and minimal damage
Opinions:
8 PV-Magazine:
How long do residential energy storage batteries last?
Have a great day!
Yann
This is your SolarWakeup for September 30th, 2022
Opinion
News
1 PV-Magazine:
Standard Solar and Scout Clean Energy acquired by Brookfield Renewable
2 Reuters:
Canada's Enbridge buys U.S. green power firm Tri Global
3 Solar Builder:
CATL supplying FlexGen with 10 GWh of long-duration energy storage equipment
4 Bloomberg:
Bitcoin Could Be as Bad for the Planet as Beef
5 Axios:
Hurricane Ian's climate warning
6 PV-Tech:
US DOE’s SETO opens up on IRA impact, its five-year plan and barriers to the US’ energy transition
7 Energy Storage News:
Electric school buses to provide grid reliability services in PJM market in V2G scheme
Opinions:
8 Utility Dive:
The California energy problem is structural, not political
Have a great day!
Yann
This is your SolarWakeup for September 29th, 2022
Opinion
News
1 Axios:
Power outages from Hurricane Ian in Florida climb past 2 million
2 Reuters:
U.S. clean energy backers - permitting bill imperative in climate fight
3 PV-Magazine:
California law to require automated, instant rooftop solar permits
4 Bloomberg:
Solar Panels Piling Up in Warehouses in Energy-Starved Europe
5 Vox:
The Nord Stream pipeline sabotage, explained
6 PV-Tech:
Shell acquires African C&I solar provider Daystar Power
7 Energy Storage News:
Largest battery energy storage project in Sweden planned for H1 2024
8 Canary Media:
Manhattan’s largest rooftop solar array is about to come online
Opinions:
9 Utility Dive:
How will residential solar + storage fare in a blackout? Berkeley Lab looks to historical data for insight.
Have a great day!
Yann
This is your SolarWakeup for September 28th, 2022
Opinion
News
1 Bloomberg:
This Climate Tech Boom Is Recession-Proof
2 Axios:
Nord Stream pipeline leaks spark sabotage fears
3 Reuters:
U.S. Senate votes to move forward with stopgap funding bill, after energy proposal dropped
4 Grist:
Puerto Ricans were already angry about the power grid. Then came Hurricane Fiona.
5 Energy Storage News:
UL1973 safety certification opens doors, speeds up project development, flow battery maker Invinity says
6 Canary Media:
Hertz wants to turn its airport rental-car lots into EV-charging hubs
Opinions:
7 PV-Magazine:
California renters will now have access to community solar
Have a great day!
Yann
This is your SolarWakeup for September 27th, 2022
Opinion
News
1 New York Times:
Dodging Blackouts, California Faces New Questions on Its Power Supply
2 Bloomberg:
We’re Drawing the Wrong Lesson From the Third Energy Crisis
3 Utility Dive:
‘Deploy, deploy, deploy’ renewable sector energized but anxious about Inflation Reduction Act funding
4 Solar Builder:
Best of RE+ 2022 (lighter side edition)
5 Axios:
Strengthening Hurricane Ian threatens Cuba and Florida
6 Reuters:
Australian state to invest $100 mln in energy storage in push to cut emissions
7 PV-Tech:
Reliance Industries acquires stake in US perovskite solar technology developer
8 Canary Media:
Zero-emissions cargo shipping catches on in cities and port communities
Opinions:
9 PV-Magazine:
26 million acres needed to achieve zero-carbon goals
Have a great day!
Yann
This is your SolarWakeup for September 23rd, 2022
Opinion
News
1 Energy Storage News:
CATL and FlexGen sign 10GWh battery storage contract at California trade event
2 Reuters:
Incoming Shell CEO Sawan set to fire up renewables drive
3 Bloomberg:
Energy Is the Market’s Only Winning Group. Here Come the IPOs
4 Utility Dive:
New York launches 2 GW renewable energy solicitation as natural gas prices drive up electricity bills
6 Canary Media:
CO2-to-vodka startup Air Company aims higher with aviation fuel
7 ABC:
France's Macron seeks 'massive' boost for renewable energy
Opinions:
8 PV-Magazine:
Real barriers to virtual power plants
Have a great day!
Yann
This is your SolarWakeup for September 22nd, 2022
Going Big. If you were on the show floor yesterday afternoon you may have seen some activity at the CATL booth. That was us, at FlexGen, entering into a 10GWh, 3 year supply agreement for energy storage systems. In this world for energy storage demand, the focus is to bring product availability to the portfolios deploying capital through projects while the supply is very limited. Like solar panels, there are haves and have nots and with this deal, we’re hoping to satisfy a significant amount of that demand.
News
1 Energy Storage News:
Supply chain issues constraining US energy storage industry growth, says BloombergNEF
2 PV-Tech:
IRA impact not felt until 2024 while module supply will remain constricted in the short-term – WoodMac
3 Bloomberg:
California Blackout Risk Prompts Produce Plant to Build Its Own Grid
4 New York Times:
Senate Ratifies Pact to Curb a Broad Category of Potent Greenhouse Gases
5 Vox:
Why all Americans should be paying attention to Puerto Rico’s power grid
6 Reuters:
U.S. Senator Manchin unveils energy bill that some Democrats slam
7 Solar Power World:
sonnen launches new VPP in California without utility partnerships
8 Canary Media:
6 clean energy companies that are ramping up US manufacturing
Opinions:
9 PV-Magazine:
Dual-purpose solar makes a greater impact
Have a great day!
Yann
