T-1. In the UK, the market is making a notable addition of near term energy storage with 627MW selected for the 1-year auction. This is happening on the front of nearly 1,000 storage executives coming together in London for the Energy Storage Summit. The UK power market looks very similar to the ERCOT market, which makes sense considering they’re both islanded grids. Fast response, collocation with existing and new power generation and stacking multiple revenue streams will be the norm. For those of you at the Summit, I look forward to seeing you there.

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• Reuters: U.S. IPO pick-up offers hope of market re-open
• Utility Dive: New power system cybersecurity architectures can be ‘vaults’ against insider attacks, analysts say
• PV-Magazine: Retaining value for solar customers under California NEM 3.0 rule change
• Canary Media: Chart: US climate law to spur thousands of new jobs in every state
• PV-Tech: New York approves US$4.4 billion transmission upgrades to create 3.5GW of renewable capacity
• Energy Storage News: UK T-1 Capacity Market battery storage contract awards up 63% to 627MW
• Axios: The climate change real estate bubble risks billions
• Bloomberg: Coal’s Quicker Exit Means Australia Needs More Energy Spending

Opinion

• NPR: An activist group is spreading misinformation to stop solar projects in rural America

Best, Yann

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• S&P: Giant batteries augment, replace US power plants on massive scale
• Bloomberg: JPMorgan Strategy Shows US Climate Act’s Effect on Wall Street
• Utility Dive: DC Circuit upholds FERC decision on Broadview solar-battery PURPA project in blow to NorthWestern, EEI
• Reuters: New Jersey moves up 100% clean power goals to 2035
• PV-Tech: SunPower invests in California market ahead of NEM 3.0 implementation
• Energy Storage News: US can capture 60% of value of rising domestic lithium-ion demand by 2030, DOE-led study says
• PV-Magazine: Three global trends for solar in 2023
• Canary Media: Nomad’s mobile batteries deliver utility-scale power where it’s needed

Opinion

• RMI: Wasted Wind and Tenable Transmission during Winter Storm Elliott

Best, Yann

It’s Conference Season. If you haven’t been paying attention, there seems to be a conference every week for the foreseeable future. We’ve come quite the way from the metaverse version of conference programming. It’s all about seeing each other and make new connections, so get on out there.

Opening The Supercharger Network. How many gas stations would exist if you could fuel your car at home every night? EVs have a bit of a disparity in that some folks can do that and some cannot. More importantly, how would the grid want EV owners to charge their cars? Where and when? The news today is about the Tesla supercharging network and opening it up to non-Tesla drivers.

Colocating Storage. One of the hottest trends in energy storage is the colocation of batteries at existing facilities. New solar plus storage has been the trend for awhile, but now development is driving new resilient infrastructure at existing gas power plants, solar farms and wind projects. Watch this space

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• Energy Storage News: Batteries for gas – Behind FlexGen’s California co-location project to enhance peaker plants
• Bloomberg: US Solar Surge Collides With Higher Rates and Shifting Economics
• PV-Magazine: Interconnection delays slow U.S. community solar growth
• Solar Builder: Legacy consumer battery brands target home energy storage
• Washington Post: A new kind of bond is enlisting Americans in the fight against climate change
• Utility Dive: EPA outlines $27B in clean energy grants as Biden administration remains open to national green bank
• Politico: New Jersey governor to set leading clean power target and follow California ban on gas-powered cars
• PV-Tech: UL Solutions launches new services for standardized distributed energy communications
• Canary Media: Tesla’s Supercharger network will soon open to all types of EVs

Opinion

• Axios: What we know about the Ohio train derailment

Best, Yann

Don’t Miss It. The latest episode of Factor This! Podcast, where I talk with the host, John Engel, about all this storage with some SolarWakeup thrown in.

 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.

• Bloomberg: Biden Earmarks Billions for Rooftop Solar Under Climate Law
• Greenbiz: Salesforce, Microsoft get creative with clean energy procurement
• PV-Tech: US Treasury releases guidance on IRA programmes aimed at low-income and coal communities
• Utility Dive: Ford to invest $3.5B to build Michigan EV battery plant
• Politico: Russian-linked malware was close to putting U.S. electric, gas facilities ‘offline’ last year
• Energy Storage News: Europe’s largest transmission-connected BESS begins ‘world first’ reactive power services contract
• Canary Media: Two superstar investors go all-in on Complete Solaria merger

Opinion

• PV-Magazine: Two superstar investors go all-in on Complete Solaria merger

Best, Yann