Update The Grid, For Free. America is a great system, if you want something fixed or built, just promote it as an opportunity to make money, send the right price signal and private capital will arrive to the scene. The top article argues my point.
Nuclear Hurting Itself. A lot is made about the system being anti-nuclear but ultimately it’s up to the nuclear ecosystem to be able to build projects on budget and they repeatedly struggle with that. Look at offshore wind, massive supply chain disruptions and the fastest increase of cost of capital in decades and regulators won’t reopen negotiations but Vogtle Nuclear got a decade of increased and early cost recovery.
Batteries Are Already Saving The Grid. More and more studies are coming out about the Texas winter storm and how batteries played a role (those that were operational at least, not all storage systems are created equal). But that is also true as operators are thinking about retirements and variability from wind and solar. Storage’s role has a tune of multi-trillion dollar opportunity.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses feel the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
- Renewable Energy World: Electricity markets may need to change to support the clean energy transition
- Yale: Battery storage helped Texas power through summer heat
- Utility Dive: US grid rules preclude reliability, security benefits of cloud computing, experts warn
- Bloomberg: TotalEnergies Nears Deal to Buy Texas Gas Power Plants
- New York Times: U.S. Bets on Small Nuclear Reactors to Help Fix a Huge Climate Problem
- PV-Tech: Spruce Power posts increased Q3 revenue following large asset acquisition
- Solar Power World: Kentucky utility to retire 5 fossil fuel plants and add almost 1 GW of solar power
- Canary Media: Chart – Clean energy attracting nearly twice as much investment as fossils
Opinion
Best, Yann