Biden Signs The IRA. Time to develop, fund and build. Get to work! Personal plug, if you need energy storage integration, come find me at RE+

Situational Awareness. Europe continues to struggle with its grid performance during heat wave events. The French nuclear fleet is significantly undergenerating it’s usual performance causing the Country to lose the top export spot in the EU.

• Politico: Biden signs sweeping climate and health care bill into law
• Utility Dive: Solar developer Nexamp to lead National Grid interconnection pilot
• Bloomberg: Solar Giant Hanwha Weighs US Expansion With Massive New Facility
• Vox: The US finally has a law to tackle climate change
• PV-Tech: Shoals beats ‘challenging environment’ with record revenue and profit in Q2
• Energy Storage News: BlackRock commits AU$1 billion capital for Australian battery storage developer’s 1GW buildout
• Canary Media: How Puerto Rico could call on rooftop solar to avoid blackouts
• PV-Magazine: Generac to dispatch residential energy storage and services for APS

Opinion

• Reuters: Analysis – U.S. renewables investors see Senate bill sparking gold rush

Best, Yann

Biden To Sign IRA. You can read my extended thoughts on the IRA if you missed it this weekend, here. 

• ABC: Biden to sign major health, climate and tax bill Tuesday at White House ceremony
• Energy Storage News: What the Inflation Reduction Act can do for energy storage, a lawyer’s viewpoint
• Bloomberg: California Seeks More Time to Overhaul Rooftop-Solar Subsidy
• Politico: Buying an electric vehicle? Might want to pay up fast.
• Utility Dive: Utility leaders hail clean energy tax incentives as House sends historic climate bill to Biden’s desk
• Axios: Saudi Aramco posts record quarter for profitability
• PV-Tech: RWE’s renewables unit returns to profitability, company invests US$2 billion in H1
• PV-Magazine: Over 3 GW of solar panels have been held in US customs under forced labor law

Opinion

• Solar Builder: Demand and response: Here’s the latest in DER aggregation and FERC aggravation

Best, Yann

Biden To Sign IRA. You can read my extended thoughts on the IRA if you missed it this weekend, here. 

• Grist: House passes the Inflation Reduction Act, the ‘most significant climate bill in US history
• New York Times: A Detailed Picture of What’s in the Democrats’ Climate and Health Bill
• Axios: Congress sends $740 billion tax, health, and climate bill to Biden’s desk
• PV-Tech: Massachusetts governor signs climate bill with support for solar, clean energy mandates
• PV-Magazine: FlexGen launches modular C&I battery
• Energy Storage News: ESS Inc ramps iron flow battery production capacity to 500MWh, signs 12GWh Australia deal
• Canary Media: Energy storage wins a long-sought victory with the Inflation Reduction Act

Opinion

• Utility Dive: FERC commissioners press financial giant Vanguard over possible efforts to influence utility power portfolios

Best, Yann

The House Votes. The House will come back to session tomorrow for a day to vote on the Inflation Reduction Act. According to the Speaker, Nancy Pelosi, the bill will pass and be sent to the President (i.e. the House is voting on the version passed by the Senate). This will end the week with a significant victory for the energy sector including segments beyond solar and wind but ultimately accelerating the path to enable a renewable-based, more resilient energy transition. 

• Reuters: Pelosi says U.S. House will pass Inflation Reduction Act on Friday
• Utility Dive: Solar+storage breaks out in 2021 with installed hybrid systems surpassing standalone storage: LBNL
• Bloomberg: RWE Boosts Spending on Wind, Solar as Gas Crisis Deepens
• Axios: The long road to the climate bill
• PV-Tech: Array Technologies ‘on the path to restoring historical margins’ as it rebounds from 2021
• Energy Storage News: International investors from Norway and Canada enter UK energy storage market
• Canary Media: Climate bill could revolutionize US cleantech manufacturing. Here’s how

Opinion

• PV-Magazine: About 20% of utility-scale solar capacity was delayed in the first half of 2022

Best, Yann