Investing In Ecosystems. American politics mandates that you have to accomplish big things in your first two years if you can, because the election cycle eats you up in the second half of your first term and you likely lost Congressional seats in the mid-terms. Biden had the Chips Act, Bipartisan Infrastructure and Inflation Reduction Act find his signature in that first half and the administration has been busy since then. The interesting part of that is not the politics for the point I want to make today, it’s how the administration is working on all angles of the trillions of private dollars that will follow these markets. Invest in the infrastructure that enables roads, charging, and wires that will allow electrification to be resilient. Fund training for construction, factories and maintenance of a new portfolio of assets. Expand the markets that will demand the production of everything: cars, batteries, renewable energy and more. For example, most people love their EVs but some will complain about charging infrastructure that could limit their recommendation. Some want more solar, but the interconnection queue is clogged from outdated wires. All of this is wonky and early but in order to see trillions in economic growth trickle through the system, it has to get done.
- Axios: White House launches billion-dollar effort to speed EV production
- New York Times: Clean Energy Projects Are Booming Everywhere. Except in Poor Nations.
- Bloomberg: China Leaves Everyone Behind in Race for Renewables Income
- Energy storage News: EU Batteries Regulation introduces ‘ground-breaking reform’ to to meet Green Deal aims
- Reuters: India steps up coal use to stop outages triggered by unusually dry weather
- PV-Magazine: U.S. and India launch joint renewable energy tech platform
- PV-Tech: TrinaTracker opens 2.5GW tracker manufacturing plant in Brazil
Opinion
Best, Yann