Quick Hits, Fire Season. Washington State has fought 91 wildfires this week, not a great start.
Cyber And Regulatory Compliance. More to come on this topic but get ready to worry about how your assets, especially storage, comply with NERC standards and power market requirements. Software is at the core of everything we are about to do, hence ClimateTech.
Everyone Wants Roads. What will it take to get the infrastructure bill to be bipartisan? Biden is having the meetings to find the unicorn in today’s political arena.
Platforms To Applaud. Congrats to the team at DESRI for turning on a new asset and CleanCapital for bringing $300mm new dollars to their platform from Manulife. That capital will be used for solar and storage assets and expand their platform once again. Also, the company is led by some of the coolest folks in the market so if you don’t find an opportunity to work for me, work for them!
Engie Sells Storage Stake. The investment activity in energy storage continues, this time Engie bringing on a partner in their energy storage division.
- PV-Magazine: Citing increased threat, DOE launches a 100-day cyber security initiative
- Grist: The details in Biden’s infrastructure plan that could bring Republicans to the table
- Solar Builder: DESRI turns on 180-MW Cove Mountain solar projects in Utah
- PV-Tech: CleanCapital secures US$300 million funding to grow distributed solar portfolio
- Energy Storage News: ENGIE selling energy storage and e-mobility solutions subsidiary to Taiwan Cement Corporation
- Utility Dive: Democrats tested over boosting transmission, not pipelines, as bill directs FERC to improve regional planning
- Axios: Exxon pitches $100 billion carbon capture zone to industry and Biden officials
- Reuters: State Street, PepsiCo offer new goals ahead of U.S. climate summit
- Canary Media: IEA – Post-Covid carbon emissions on the rise
Opinion
Best, Yann