The Important Climate Talks. When it comes to climate, the relationship between the US market and China’s supply chain is incredibly important. This really is a world is flat issue where supply chains, logistics, demand are all a part of each other and impacts the ability for the world to accelerate the energy transition. A positive move at the G20 with the one on one meeting between the leaders is a step in the right direction.
It’s a Connected System. The energy transition is coming at the moment of continued economic growth and massive electrification. It also comes while climate events are straining the grid in addition to the expansion of generation portfolios including as available resources like wind and solar. So we need supply chains, markets, development, capital and technology providers to work in sync and allow for the greatest investment need and opportunity to work together. At the end of the day, consumers, business and the economy need the power to turn on when it’s asked to do so.
IRA Savings Need Investments. This can’t be understated and should be on the top of your procurement mind heading into 2023. The IRA is a great cost reducer for utility consumers, if the utility makes the appropriate investments. This is a huge add on in demand that may not be completely considered within forecasts or demand for hardware.
- New York Times: U.S. and China Restart Climate Talks
- Utility Dive: ‘A sobering assessment’ – Large parts of US at risk of outages during extreme weather this winter – NERC
- Bloomberg: Big Utilities See Inflation Reduction Act Helping Reduce Customers’ Energy Bills
- Axios: Emissions tracking at all-time high as leaders meet at COP27
- Reuters: Mexico vows to double renewable energy capacity by 2030
- PV-Tech: NSW Electricity Infrastructure Roadmap gets 8GW of renewables and storage applications
- Solar Power World: Electriq Power to merge with publicly traded acquisition company TLGA
- Energy Storage News: FREYR accelerates US gigafactory plans amidst KKR investment reports
Opinion
Best, Yann