Relentless Attacks, But Why? The House majority is taking up a repeal of the ITC and PTC in Ways and Means.  Solar is supported by both parties and solar manufacturing is opening factories all over America, including many red districts. Yet the leaders of the most powerful committee in the House is taking on the key tax benefit for the fastest growing energy source in the US.

Biden Climate Record? Bipartisan Infrastructure Law, Veto of the CRA and the Inflation Reduction Act. Not a bad start for a first term President.

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• PV-Magazine: House to consider repeal of Investment Tax Credit and Production Tax Credit.
• Axios: Biden’s climate policy makes the left sweat 2024
• S&P Global: CAISO sets solar peak generation record of 15.178 GW, the fourth record this year
• Utility Dive: California could see far lower costs to prepare grid for electrification than prior estimate, state research finds
• Bloomberg: Get Ready for Carbon Capture’s Second Coming
• PV-Tech: Report: IRA benefits could see US solar cut the cost of electricity by 60%
• Canary Media: California is getting its biggest electric truck charging station yet

Opinion

• Reuters: FEATURE-US cities risk losing out on clean-energy incentives, jobs

Best, Yann

The Problem That Today’s Grid Presents. The grid can’t handle the energy transition is the biggest talking point that is fed to members of Congress charged with slowing down the energy transition that consumers want. What if every car became an EV, could the grid even handle that? Reality is that people that buy electric vehicles and industry shifting to electric or solar don’t think about the impact to the grid, the grid operators are held accountable for that. Regulators need to accept that and plan accordingly.

Why It’s A Problem And Setting. This is the manifestation of what I said above, coal is declining no matter what happens next. Grids are either going to send the pricing signals to make sure the private investments or they will be left in a painful position with increased costs to consumers. ERCOT is going to hit record demand next week and hopefully will be able to make it work with the infrastructure that’s already in place but it will need far more resilience in the future.

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• New York Times: Why the U.S. Electric Grid Isn’t Ready for the Energy Transition
• Scientific American: In a First, Wind and Solar Generated More Power Than Coal in U.S.
• PV-Magazine: SEIA receives accreditation to develop solar industry standards
• Utility Dive: An IRA renewables boom amid economic uncertainty will require reimagining financing, say bankers
• Bloomberg: Europe’s Sputtering Engine Signals Inflection Point for Gas Demand
• Reuters: Duke Energy to sell Commercial Renewables unit in $2.8 bln deal
• PV-Tech: CSI Solar completes IPO, begins trading on Shanghai Stock Exchange
• Energy Storage News: Ameresco reveals role in 250MW Ontario IESO tender-winning BESS project
• Canary Media: 6 key takeaways about the US clean energy manufacturing boom

Opinion

• Axios: Net zero targets proliferate as credibility lags: data

Best, Yann

The Domestic Credit Adder. Most of DC is working on figuring out who, how and when the domestic adder will be able to come to fruition. With some guidance creating new questions, it is now up to the tax lawyers to make opinions and get clarifications from regulators on how the market will benefit and how manufacturers must grow domestic factories in order to be compliant. The good news is everyone is on board with the idea of building domestic supply chains, bad news coming from the standpoint that not everyone is sure that their new factory will be enough to satisfy the requirements.

A Smoke Filled Eastern Corridor. Dealing with smoke filled air quality has been largely a California problem, many of us having suffered through terrible air during the Bay Area fires in 2018. It hasn’t been a real thing in New York and DC, which all of a sudden brought back the Bladerunner memes to the internet. Wildfires are a byproduct of climate change but for many Americans could still be too far a connection between their habits and thinking that changing them would help stave off natural disasters. What could I possibly do to help prevent this? Is the ultimate climate change problem, which is why solar, wind and storage are such a great climate change fighting tool. If the economy prospers, people get jobs and money can be made, fighting climate change is a nice side effect.

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• New York Times: Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get
• Axios: America’s most powerful get a close-up of climate change
• PV-Tech: Over 40% of US renewables developers will ‘significantly increase’ development in 2023 – ACORE
• Utility Dive: Consumer groups, R Street urge FERC to expand interconnection reform proposal to increase savings
• Bloomberg: US Expands China Forced-Labor Embargo, Banning Two New Firms
• Solar Builder: CleanCapital nets $500M from Manulife to fund mid-market solar + storage projects
• PV-Magazine: Department of Energy loans $850 million for Arizona battery manufacturing
• Canary Media: This Georgia program is training a huge cleantech manufacturing workforce

Opinion

• Reuters: EU to try again for renewable energy deal after nuclear row

Best, Yann

Can’t Escape It. It was hard to escape the smoke this week, with over 60million Americans affected with poor air quality. Hard to think about how to tackle the wildfire problem but climate change can’t possibly be helping. We’re about to enter silly season where one political party wants to make this a wedge topic to separate us, but in the end we all breathe the same air and drink the same water.

Impact On Solar. Interestingly, this is a concern of the grid operators in California. What happens to the reliability of solar production when wild fires reduce solar radiance across the geography? The entire northeast felt this with the smoke cover lingering for several days bringing this scenario to a new grid.

The US Scale. If you look at the energy storage deployment across the world, you’ll realize that the scale in the US is exponentially bigger.

Advertise Here. We’re heading into Q3 and I want to hear from you if you’re interested in the advertising space. If you are reading this then you know it works.

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• Bloomberg: Smoke Sends US Northeast Solar Power Plunging by 50% as Wildfires Rage in Canada
• NBC: PG&E facing huge maintenance backlog going into fire season
• Axios: Record-breaking wildfire-related smoke event affects at least 61.8 million
• Reuters: Higher renewable energy generation to cut coal reliance this summer, says EIA
• PV Magazine: U.S. solar market expected to triple in size in five years
• PV-Tech: US solar had best ever Q1 in 2023 as supply chain shackles start to loosen – WoodMac
• Energy Storage News: Japan’s Itochu, Osaka Gas partner for battery storage with initial 11MW grid-scale project

Opinion

• Canary Media: The South is building the most vibrant EV and battery hub in the US

Best, Yann