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Energy Vid Week 3 March 2023; GE Advancing 18 MW Offshore Turbine
1) GE's Renewable energy armed Vernova is developing a 17 - 18 MW offshore wind turbine.
2) Modular nuclear company Nuscale needs to triple subscription levels by February 2024 in order to proceed w/first plant.
3) Controlled Thermal Resources and Fuji Electric Corporation in $1.4 billion deal for up to 330 MW of geothermal plants and 150,000 metric tons of lithium from CA's Salton Sea.
4) Invenergy with investment of $600 mn in 5-GW PV module plant in OH to make LONGi solar panels.
5) Volkswagen plans on ID.2 EV, w/range of 280 miles and targeted base price of $27,000.
6) Entergy LA files w/regulators to add 3 GW of solar power to gen portfolio.
7) Texas appellate court says PUC exceeded authority during 2021 Winter Storm Uri in setting maximum $9,000 per MWh price on 2/15 and 2/16.
8) CT utilities initiate 100 MW phase of on-site energy storage projects in 580 MW program (1st 50 MW tranche of incentives in early 2022 was quickly subscribed).
9) Biden administration offers $2.5 bn in EV charge funding w/focus on cities, towns, and rural areas.
10) President Biden and EU President von der Leyen issue joint statement committing parties to negotiate w/respect to critical minerals and IRA domestic content requirement.
11) Oman signs 6 40-yr green H2 deals worth $20 billion, to result in deployment of 15,000 MW of electrolysers.
Energy Vid Week 3 March 2023; GE Advancing 18 MW Offshore Turbine
GE developing 18 MW offshore turbine; MNR co NuScale must increase MW commitments by 3X in order to proceed w/first facility; Controlled Thermal Resource and Fuji Electric ink $1.4 bn deal for geothermal plants and lithium prod’n in Salton Sea; Invenergy to invest in 5 GW Ohio PV facility making LONGI panels; VW’s ID.2 concept vehicle to have 280 miles of range and cost $27K; Entergy LA files for approval of 3 GW of solar gen; Texas appellate court rules PUC exceeded authority in setting $9,000/MW price during 2021 winter storm; CT utilities launch next 100 MW phase of customer-sited storage projects; Biden Admin to dole out $2.5 bn in add’l EV charging funding, targeted at municipalities/rural areas; President Biden and EU President von der Leyen issue statement to include EU in IRA domestic content provisions; Oman signs 40-yr deals worth $20 bn for green H2 w/15,000 MW of electrolyzers.
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