A Budget Resolution. The Senate passed their budget framework which sets up the reconciliation path and the House is expected to do their framework week of August 23rd. This sets up for the committees to put their language together in time for Biden’s September 15th deadline. This $3.5trillion spending bill has some goodies in it, we’re talking some real money in this one!
Reading The Infra Bill. Some of you, correctly, pointed out that I was not exuberant about the bipartisan infrastructure bill and that there is also real line item spending for our industry namely $65billion for grid and transmission infrastructure and $7.5billion for EV charging. Not a bad down payment. Also, asking for a friend, do you think transmission includes software enabled energy storage adoption?
Electrify And Solarize. California is moving to electrify all new commercial properties and require multi-family properties to have solar with storage. This is a move in the right direction but for some reason the California policies don’t all seem to sync up with the goals outline by this policy and SB100. More to come on this
The EV Charging Revolution. Electrification of buildings and moreso transportation is not just a shift in fuel source that lowers carbon emissions. It changes the supplier of the fuel largely moving from oil majors to utilities. If you think about it, those two trillion dollar markets have never really competed head to head. While there has been overlap, they’ve stayed out of each other’s way for over 100 years. That is going to change!
Public Companies Maturing. Being a public company isn’t always easy and rosy but even with good market indicators and complex challenges facing them, I think solar and cleantech public companies are doing a good job maneuvering their way around the market. Keep up the great work everyone!
- Politico: Senate adopts budget that paves way for $3.5T spending plan
- PV-Magazine: Solar highlights in the Senate’s $3.5 trillion budget proposal
- Energy Storage News: ‘Tremendous investment’ – US bipartisan infrastructure legislation puts billions into energy storage
- Canary Media: California takes bold steps to make electricity the fuel of choice for new buildings
- Utility Dive: California utilities, clean energy groups urge CPUC to move quickly following Newsom’s emergency call
- Axios: Exclusive – Strange bedfellows come together on EV charging
- PV-Tech: Shoals Technologies reports record Q2 revenue despite components slide
- CleanTechnica: U.S. Department Of Energy Awards $45 Million To Advance Solar Manufacturing
Opinion
Best, Yann