Platform Money Comes For Energy Transition. The energy transition is kicking off this year and its focus is on delivering the infrastructure that enables a more resilient grid. Like our capital raise at FlexGen, investors are seeing that long term infrastructure enables by ClimateTech solutions means bringing exceptional talent and bankable solutions together for the capital that is looking to own the projects that create the change. Canary’s Julian Spector covers the latest funding and why the focus has arrived, including the 10x level up that these investors are pushing through.
Grid Resilience Isn’t About Either Or. One of the loudest undertones in energy policy inside renewables is the ‘fight’ between distributed and central generation players. I’ve long said that the rising tide is when everyone in the industry wins but the same is also true for the consumer. A grid without transmission isn’t feasible but during climate events, the power lines tend to be the weakest link. During hurricanes, snow or ice storms and floods, the centralized generation loses attachment to those that need energy and that’s when distributed generation with storage can add significant value. This is also true in a grid where we shape demand and generation in a coordinated effort. We need both to power through the energy transition.
21st Century Power Market. Spending most of my time looking at energy storage markets and projects, I am often reminded that the power markets have had very little evolution since their inception. FERC orders 2222 and 841 should be the impetus for markets to create more dynamic and faster price signals for the technology available in the 21st century.
The Sequoias Get Foil Wrapped. Wildfires are burning so consistently that they are barely getting covered anymore. Now with the KNP Complex fire at the edge of the Sequoia National Park, rangers are wrapping these national treasures with foil fire blankets so that they hopefully survive the fire. This is another reminder that our work can’t go fast enough.
- Canary Media: Investors are pouring money into grid storage startups
- New York Times: Why Louisiana’s Electric Grid Failed in Hurricane Ida
- Utility Dive: New York authorizes National Grid to serve retail, bid into wholesale market with upstate battery project
- Bloomberg: Winter Is Coming and Europe Is Running Scarily Low on Gas
- Axios: Huge wildfire reaches edge of Sequoia National Park
- Reuters: Analysis – Europe’s power firms locked out of record price bonanza
- PV-Tech: BP, ADNOC and Masdar team up in multi-billion dollar investment deal for clean and low carbon energy
- Solar Power World: Delaware updates community solar rules to eliminate barriers
- PV-Magazine: Ohio approves more than 530 MW of solar additions
Opinion
Best, Yann