Reminder that SolarWakeup will be off for the 4th of July. Please be safe and enjoy your day with your family. We will be back on Thursday before heading to San Francisco for InterSolar.
The Fight For 21st Century Power. Glad that the full time reporters are catching up but here is a recap on the upcoming battle caused by the electric vehicle industry. Fundamentally, this is the first time ever that utilities that generate and deliver electricity will be competing with oil companies that create and deliver fuel for transportation. If transportation moves to electricity as a fuel you can see how utilities take market share from oil companies. That is why, even in the greenest States like California, it is very difficult to pass aggressive EV policies. Moreover, electric vehicles threaten the internal combustion engine manufacturing sector which causes further disruption. On the other hand, oil companies make more profits, billions every quarter, and it’s a cheap proposition for them to get into the electric space especially through the solar industry. I’m still a bit surprised at the pace and strategy by the oil companies. I find none to be advantaged tactically over others or any of their acquisitions and investments surprising, yet.
It’s Time For GWh. What is a utility to do if it doesn’t find natural gas peaker plants to be cost effective generation for its customers? In PG&E’s case, build storage. A massive storage plant. Last week I mentioned that it could be possible that the Oakland peaker plant could become a storage asset but I was wrong by a hundred miles or so. The Moss Landing plant owned by Vistra will become a 1.2GWh storage asset, this coming just a few weeks after they announced their 180MWh plant with our friends at FlexGen. Who wants to wager the over/under date on when storage falls below $100/kWh?
Will Arizona Follow Michigan? Tom Steyer looked at three States for his RPS ballot initiatives. Arizona, Nevada and Michigan. Michigan has already come to terms with him plan and it looks like Arizona could be close behind. The RPS is a policy, within monopoly markets, that can be a great policy for utilities that need reasons to transition generation due to policy and increase rate base. Quite frankly, if I were the CEO of APS, I’d be all over the plan for a 100% solar utility and my shareholders would love me for it because my customer net promoter score would be 99.
The Unsung Success In Haiti. Let’s take a moment to thank the folks that are still working hard and adding solar in Haiti which is by far the poorest Country in the Western hemisphere and a close friend to the community in South Florida. I can’t imagine how hard it is to add a few panels to areas in the poorest sections of Haiti, just the logistics alone seem daunting. But thankfully there are folks still doing it and making a difference. A small battery with a few panels can change the life of someone living without electricity.
Silicon Jobs. This is your quarterly reminder that the first AD/CVD caused a retaliatory tariff on US silicon which hurt REC in Washington State and Hemlock in the midwest. Tariffs are bad for everyone.
Presented by Sunrun. Sunrun is the largest residential solar, storage and energy services company in the United States with a mission to create a planet run by the sun. Since establishing the solar as a service model in 2007, Sunrun continues to lead the industry in providing clean energy to homeowners with little to no upfront cost and at a savings to traditional electricity. Sunrun is excited to expand its solar offerings to Illinois residents.
- Bloomberg: Big Oil, Utilities are Lining Up for an Electric Vehicle War
- Greentech Media: PG&E Proposes World’s Biggest Batteries to Replace South Bay Gas Plants
- SolarWakeup: Arizona Regulator Wants To Get Ahead Of The Voters (And That May Be OK)
- PRI: In Haiti, solar panels key part of plan to bring electric power to remote areas
- Reuters: Solar trade row with China forces REC Silicon to cut U.S. jobs
- SolarWakeup: Lowa Utility Backs Off Its Usurious Beyond Solar Program, Moves To Community Solar Instead
- Utility Dive: As the power sector transforms, can utilities and customers find common ground on ratemaking?
- Bloomberg: The Solar Market Could Contract for the First Time Ever
Opinion
Have a great day!
Yann