It’s Infrastructure Week. In the largest public infrastructure investment since the highway system, Joe Biden has signed the bill which had bipartisan support including $73billion for grid infrastructure and billions more for electric vehicle charging infrastructure. Totaling over $1.2trillion, these funds will now look for projects, reminiscent of the ARRA stimulus times if you remember shovel ready projects. It’s a huge day for those of us in the solar and storage markets which will also benefit consumers for decades to come.
Will Module Supplies Free Up? The secret petitioners that sought higher taxes on solar to be paid by everyday homeowners are choosing to remain in darkness which should open up supply chain a bit and release some of the cargo that could have been taxed even further if the complaint had been successful. Have you seen any opening of supply yet?
Record Markets. BNEF and S&P are forecasting unbelievable, be yet still underestimating, growth in solar and storage markets. Forecasting is a bit like playing Price is Right, get close without going over but it tends to under forecast the real number because of the incredible tailwinds that are in this energy transition. Electrification will hit transportation, homes, businesses and industrials in a way that will bring all fuels to end in the form of electricity and if you want that electricity to be flexible and reliable, you need energy storage at all intersections on the grid.
Dealer Fees. Are you a solar installer that hates dealer fees? Hit reply if the answer is yes.
- Axios: Biden signs infrastructure bill into law
- Energy Storage News: Terawatt-hour of energy storage by 2030: Bloomberg NEF forecasts boom in installations
- Utility Dive: S&P projects record installation of 71 GW of US wind and solar in 2022 amid rising headwinds
- Reuters: Germany’s RWE to invest $57 billion as power firms go green
- RMI: Colorado’s Role as Climate Leader Hinges on Its Next Steps
- Canary Media: Jigar Shah has a new strategy to boost climate tech through DOE loans
Opinion
Best, Yann