1) IRA pays dividends, w/Chinese solar co JA Solar announcing $60 million, 2 GW solar panel assembly plant in AZ, by Q4 of 2023, serving on-site & utility scale markets.
2) IRA lures S Korean co Hanwha Q Cells, which will spend $2.5 billion on 3.3 GW of solar manuf'g capacity in GA, expanding one plant & building another to span solar supply chain, from ingots to finished panels.
3) REsurety & Watt Time offer data on marginal emissions impacts of sustainability investments, aiding cos such as Amazon, GM, Heineken, & Google that are shifting carbon accounting focus to their impact on actual emissions.
4) New York plans on cap-and-invest program to cut GHG emissions and raise over $1 billion annually. Large GHG emitters and distributors of heating/transportation fuels must buy declining amounts of emissions allowances. Goal is to cut emissions 40% by 2030 and at least 85% by 2050 - from 1990 levels. Revenues to be dedicated to clean energy investments & supporting disadvantaged communities.
5) Mid-Atlantic grid operator PJM to fine generators between $1 and $2 billion for failing to perform during winter storm Elliot. Nearly 46 GW was offline on 12/24, largely owing to plant equipment failures/fuel supply issues. Gas fired gen at 70% of overall shortfall.
6) CA community choice aggregator, Central Coast Community Energy inks 25-year, $775 mn energy storage contract for 200 MW/1,600 MWh w/compressed air energy storage company Hydro Store. Hydro Store to build world’s largest underground cavern, w/compressed air below a water reservoir to maintain pressure.
7) RMI and founding members Ford, GM, Google, Nest, OM Connect, and other cos. announce Virtual Power Plant Partnership, w/goal of advancing policy and catalyzing industry to advance Distributed Energy Resources to create value for the grid and provide much-needed capacity.
Peter Kelly-Detwiler
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