1) Carbon-free steel-making startup Electra nails $85 mn in financing to develop and scale zero emissions tech that electrochemically refines iron ore into pure iron at temps of 140°F (most of steel is made at > 2,912°F).
2) US IRA subsidies w/domestic content requirement already begin to attract new domestic battery investments. Battery factory output to double by 2024 and increase up to 10x (1000 GWh) by 2030.
3) Nevada registers over estimated 17,000 lithium mining claims through August 2022.
4) The National Renewable Energy Laboratory estimates offshore wind industry will support between 15 and 58,000 full-time jobs from 2024 to 2030 - depending on domestic content - up from fewer than 1000 posts today.
5) Main RI electric utility, Rhode Island Energy posts RFP for 600 – 1,000 MW of offshore wind w/bids due on Feb 1, 2023.
6) U.S. Bureau of Ocean Energy Management to hold an offshore wind energy lease sale on 12/6 for 373,000 acres located on outer Continental Shelf off central and northern CA, with up to 4,500 MW of floating wind production.
7) Dominion Energy seeks approval for nearly two dozen new solar and energy storage projects totaling over 800 MW, to be completed betw 2023 and 2025.
8) VDL Bus & Coach and German energy co RWE will convert 43 aging bus batteries into 75.5 MW energy storage project at RWE power plant in Netherlands.
9) Australia state of Victoria sets a goal of 95% renewables by 2035, w/investment of about $U.S. 630 million US to develop 4.5 GW of renewable projects. Victoria also increasing 2030 goal from 50% to 65%.
10) Water availability may hinder global green hydrogen development, w/estimated 85% of planned facilities in areas w/medium to high water stress.
Peter Kelly-Detwiler
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