Tag Archives: Daily Rundown

This is your SolarWakeup for January 30th, 2020

PG&E Story Gets Interesting. One year ago I wrote that the PG&E bankruptcy was a political move by the monopoly that would try to back the newly inaugurated Governor into a corner. Yesterday, while the company was in bankruptcy court, the Governor found his voice and said that the monopoly either comes out a different company focused on being the safest, cleanest and cost effective utility of the future or the State would take over. About damn time and good for him! This is an opportunity to build a better utility, a monopoly is a gift by the consumers and it’s time it aligns its goals and execution with where the State wants to go.

The Climate Tech Era. I don’t think that Axios’ reporter Dan Primack is off directionally that VCs are still hesitant when pitched by clean tech companies. There is a shift in the weather though, climate tech is now a thing in Silicon Valley. It’s being talked about at the biggest venture firms, on Kara Swisher’s podcasts and in angel investing networks. Investors are also seeing capital being raised by startups and investors like TJ Rodgers and John Doerr being successful with their investments in recent times. Founders that were successful in non-climate startups are coming into the investment space with a focus on climate tech.

24/7 Renewables. Corporate PPAs are largely disconnected from the geography or use profile of the company. You can imagine corporate renewables in a 3 phase approach. Step 1 is buying enough RECs or actually contracting for the same amount of electricity that you are consuming on a cumulative basis without regard to where or when you are using the energy. Step 2 is procuring those credits within the same transmission system as the energy consumption, i.e. in the same geography. The last step is actually matching the geography and the timing of consumption, where and when it is being used. If you can’t colocate the consumption with the generation, this is the ultimate step in corporate procurement.

Don’t Hate The Game. I have’t gotten into the details of the Tesla earnings but I have some thoughts on the polarization of the company/Elon. First, the stock was training up about $70 from where it closed after hours, nearing $650 per share, well over $100billion in valuation. Second, no matter what you think of Elon, the company is mission aligned with my goals in the solar space. Building electric vehicles and using the scale of battery manufacturing to also scale battery storage in their solar unit. Without much marketing, from what I can tell, Tesla installed over 50MW last quarter. So maybe you can hate the player but don’t hate the game. 

Opinion

Best, Yann

This is your SolarWakeup for January 29th, 2020

In Person Wakeup. Come see me next week at Intersolar in  San Diego and in Boston in a few weeks for Solar Power Northeast. More commentary tomorrow right here on SolarWakeup. In the meantime, we will be relaunching The Wakeup Podcast in a few months with exciting new guests, send your ideas for interviews and storytellers across!

Opinion

Best, Yann

This is your SolarWakeup for January 28th, 2020

The EV Solar Overlap. With another auto OEM announcing a major investment in EV and autonomous vehicle manufacturing, you may ask yourself what the overlap is between the solar and auto sectors. There are two important intersections between us that will make solar a central player in the growth. While EV owners tend to never go back to traditional vehicles, the adoption of EVs by new consumers is slowing, even flattening. Quite simply, consumers are scared of something they don’t know how it works and don’t know where to start. Dealerships are not the best place to go because most sales teams don’t actually have an EV. BUT, homeowners that go solar are much more comfortable to try an EV and with the solar contractor most likely showing up in one, they also know who to ask questions to and get a charging plug installed at their home. Not only does the solar contractor create the path to EV ownership, it also breeds the consumer comfort you need for new technology adoption. Large scale solar also makes the EV future much cleaner. Buses, cars, and even garbage trucks will be electric and that drives electric load growth which has to be met with new renewables matching the load profile.

GreenRock Future. BlackRock is getting more attention for its renewables investments off their CEOs letter about sustainable focus. This isn’t new but it is growing in both scale as well as breadth of investable markets beyond the traditional solar and wind markets.

A Sober Look At Davos. Joel Makower of GreenBiz has a unique and fresh view of how sustainability was discussed at Davos.

Why States Matter. New Jersey has been moving their market forward, not without change, but in a way that takes stakeholder experience into account and making the market continue its leadership position. This is why the solar industry continues to rely on the leadership at the state gubernatorial and legislative level.

Speed Translation. The outgoing CEO of BP says that oil majors should not act too fast on climate change because their is technology risk. Translation: BP needs to get more cash out of the ground in quarterly earnings before realizing that it hasn’t been able to execute in the renewables market. 

Opinion

Best, Yann

 

 

This is your SolarWakeup for January 27th, 2020

My Amazon Idea. Like other tech companies, employees at Amazon are pushing their leadership to do more to fight climate change. Here’s my idea. Amazon has a way of getting consumers, myself included, to search, browse and click to buy very quickly. I would like a second buy it now button, color it green. Every product has a carbon cost embedded in it including the transportation related carbon debt. Let me click the buy it now price that pays for that carbon debt, a voluntary carbon tax if you will. I don’t know if people will do it or what the right carbon price is, experts and testing will tell us if it would work but I think that I would pay the extra dollar or two to quickly do my part.

The Existing Portfolio. The right battery price was always going to make this a reality. With the 10s of GW of solar capacity already in place in America and more around the world, owners of those assets will be adding storage to every solar plant. There will be hardware improvements and more importantly the need for power markets, off takers to adapt to this. It will also need project owners to determine if they want to reopen their contracts for negotiating the addition of storage.

Listen To The State Chapter. Arizona’s SEIA chapter has ideas for how their utility can meet their goals that were announced and the same is true for other state solar trade associations. Utilities and regulators alike should be working with these groups and their members to advance the ball on this important topic.

24. We do important work every day and many of us do it to improve the lives of those around us. No matter your role, remember that we need to work just as hard to be present in the moment. Kobe was the best at what he did in his moment and now the expectation for a bright and present future is gone. 

Opinion

Best, Yann