Physics Versus Markets. Everywhere you look, the need for power market reforms is obvious. Transportation is electrifying, but are we speeding up the permitting for new charging stations? Trucking is going electric, but how will distribution centers get utility service to charge 100 trucks simultaneously? Grid operators are sounding the alarm about capacity reserves, yet auctions aren’t clearing rates to build new assets and even if they did, would projects get interconnections in time? Offshore windfarms will join congested grid connections without adequate flexibility at those POIs. My point is that we know that the grid needs more intelligent flexibility but market or pricing signals are not coming fast enough to deploy the trillions of dollars necessary. This is not a unique problem to the US, grids are not keeping up with the needs of tomorrow’s economy.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Reuters:
National Grid CEO calls for urgent policy reforms to speed energy transition
2 NPR:
China dominates the solar power industry. The EU wants to change that
3 Utility Dive:
As Sen. Carper releases permitting reform proposal, White House vows to update NEPA rules
4 Bloomberg:
Shell Demands Profit From Green Energy, Not Just CO2 Cuts
5 Axios:
Corporate heavyweights unveil major carbon removal deal
6 Solar Power World:
NC net-metering changes pushed from July to October
7 Canary Media:
How robots could dramatically speed up solar farm construction
8 PV-Magazine:
Hot topics at RE+ Southeast renewable energy conference
Opinions:
9 Los Angeles Times:
Would you want a big wind or solar farm in your community? We took a survey
Have a great day!
Yann
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
Opinion
News
1 Reuters:
US power grids vulnerable to extreme heat conditions this summer, NERC says
2 Axios:
Team Biden doles out carbon storage funding
3 Bloomberg:
Europe’s Emissions Fall Below Lockdown Levels During Energy Crisis
4 Utility Dive:
Elliott Management urges leadership, operational changes at NRG after ‘meaningful underperformance’
5 Energy Storage News:
Ontario awards 739MW of battery storage contracts in Canada’s biggest procurement to date
6 Canary Media:
Biden’s got a plan for ramping up energy transmission
Opinions:
7 PV-Magazine:
Puerto Rico cannot afford to repay any of utility PREPA’s debt, says analyst
Have a great day!
Yann
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
Opinion
News
1 New York Times:
Biden Vetoes Legislation That Would Reinstate Tariffs on Some Solar Panels
2 The Hill:
Manchin, Wyden, Kaptur blast Biden guidance on solar panels
3 Reuters:
Biden administration announces $11 bln for rural clean energy projects
4 Utility Dive:
FERC’s Christie pushes review of power markets, deregulation ahead of agency’s PJM, ISO-NE scrutiny
5 Bloomberg:
California Sees Less Risk of Summer Blackouts With Power Surplus
6 Axios:
Latin American leaders shift strategy on massive lithium reserves
7 PV-Tech:
Spruce Power’s adjusted EBITDA up 33% in Q1 2023
8 PV-Magazine:
Utility-scale solar interconnection costs up as much as 400%
Opinions:
9 Canary Media:
Green steel could help rebuild America’s Rust Belt
Have a great day!
Yann
Next Week In New Orleans. We’re kicking off summer conference season with ACP’s CleanPower conference in New Orleans. This all-renewables event brings together the energy transition to figure out how to kick the IRA into high gear. I’ll be there all week, as FlexGen showcases our energy storage software and services to the industry, if you’re there, make sure to let me know.
Guidance Feedback. IRA tax guidance for domestic adders made for a long weekend and we’re encouraged by Treasuries’ work with industry to craft the first step to a great start to the IRA implementation. Policy often finds the road between advocates and execution that leaves folks somewhat happy and somewhat upset at what more would have helped them but that’s how the sausage is made.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
Opinion
News
1 Bloomberg:
Ukraine Is Planning Its Green Reconstruction Even as War Rages On
2 Utility Dive:
IRS details which renewable energy components must be made in the US to qualify for IRA tax credits
3 Axios:
Gas-powered cars won't die off any time soon
4 Energy Storage:
Octopus to optimise Masdar’s £1 billion UK battery storage pipeline
5 New York Times:
Times Topics - Solar Energy
6 Reuters:
Vietnam PM approves $135 billion power plan for 2030
7 PV-Tech:
MPC Energy Solutions to develop solar PV plant in Panama
8 PV-Magazine:
PosiGen procures $250 million debt facility to fund energy communities projects
Opinions:
9 Canary Media:
How US school buses are going electric, in four charts
Have a great day!
Yann
