Welcome To Vegas. Like many of you will today, I have arrived in Las Vegas. Beyond the expo and the parties, it’s all about the people and the relationships you get to expand on while we’re in the same room. Congrats to everyone launching new ideas and products this week, these are fun moments.

• Axios: UN – Countries need dramatic course correction to meet Paris climate goals
• Utility Dive: As Google, Meta eye clean energy buys, researchers find widely used strategy has scant carbon benefits
• PV-Magazine: How developers can capitalize on IRA support for community solar financing
• Tampa Bay Times: Florida tops all US states for solar installations so far in 2023
• Solar Power World: Silfab Solar agrees to buy silicon wafers from NorSun’s planned U.S. factory
• New York Times: No Bidders in British Offshore Wind Auction
• Reuters: India makes clean energy push at G20 with global biofuel alliance
• Energy Storage News: Enervenue to mass produce newest ‘30,000 cycle’ metal-hydrogen batteries in Kentucky  

Opinion

• Bloomberg: Climate Hacks Are What the World Needs Now

Best, Yann

Nice RE+ Lead. Heading into SPI (sorry, but I had to get it out of my system), I mean RE+, the solar industry shows where it can go this year with a projection of 28 GW for the year. That includes a soft start to the year with IRA implementation efforts and guidance slowing down what will be a sprint for the foreseeable future. See you all in Vegas! Stop by the FlexGen booth to say hi and of course learn about the leading operating system software for your battery projects.

• Utility Dive: US solar installations expected to jump 52% to nearly 32 GW in 2023 – SEIA
• Bloomberg: Triple Threat to Texas Power Grid Will Keep It Vulnerable
• Axios: How Biden’s climate law is fueling the U.S. battery boom
• Reuters: Repsol enters U.S. onshore wind market with $768 mln ConnectGen buy
• PV-Tech: Enfinity Global secures US$428 million to fund 17GW portfolio
• Energy Storage News: Shell putting residential storage and VPP firm sonnen up for sale – reports
• Canary Media: Boston Metal gets big funding boost to make green steel

Opinion

• PV-magazine: EnerVenue launches new metal-hydrogen battery variant

Best, Yann

Ensuring Generation Growth. The language coming from the US offshore development companies is concerning as many of them are seeing no path to start of construction. The issue at hand is that the proforma is upside down, costs from interest rates, supply chain and inflation causing revenues to miss the mark on the capex that it will take to build GW of offshore wind. The problem is the need for generation is expanding faster than expected to we need to build all of the generation possible. That leaves a couple options for these wind projects, let utilities ratebase it or force the markets to renegotiate the offtake agreements. In the meantime, it’s important to accelerate the interconnection bottleneck and get more solar/storage projects financed and built.

• Reuters: Orsted CEO says abandoning US wind projects a ‘real option’, Bloomberg reports
• Energy News US: In unexpected move, New Hampshire utilities voice support for solar net metering
• Utility Dive: Ninth Circuit largely upholds FERC PURPA reform decision affecting small solar, wind
• PV-Magazine: Qcells to enter into $3 billion supply agreement for U.S.-made polysilicon
• Bloomberg: Texas Teeters on Edge of Blackouts as Demand Squeezes Grid
• New York Times: At Africa’s First Climate Summit, a Clear Call to the World – Invest in Us
• Canary Media: Another US EV-battery recycler just raised a massive funding round

Opinion

• Energy Storage News: BESS operators oppose ERCOT’s NPRR 1186 changes

Best, Yann

• Utility Dive: Eversource, National Grid file draft plans to meet expected demand surge from electrification
• New York Times: Want to Understand Clean Energy Anxiety? Look at the Jersey Shore.
• Reuters: BP’s Looney holding his nerve over energy transition plan
• Solar Builder: Ohm Analytics reports DG solar market grew 6% in Q2
• PV-Tech: Pattern Energy begins 3GW transmission project in US
• Energy Storage News: India requires 74GW/411GWh of energy storage by 2032, according to National Electricity Plan
• PV-Magazine: Bringing ERCOT’s speedy interconnection process to the rest of the U.S.

Opinion

• Canary Media: The fight over California community solar- ​‘It’s everyone vs. utilities’

Best, Yann