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Top energy stories week 5 Nov 2020: GM Tells its Cadillac Dealers to Support EVs or Take A Buy-Out
These are the top few sustainable energy stories from around the globe I found most interesting in the final week of November.
Top energy stories week 5 Nov 2020: GM Tells its Cadillac Dealers to Support EVs or Take A Buy-Out
1) GM, having significantly upped EV investment ante, tells Cadillac dealers to get on board w/ supporting electric Caddy or take a buy-out, up to $500K. Dealers have historically been poor at supporting EVs; this may change that. 2) Japan opens 1st tender for fixed-bottom offshore wind, with 10 GW target by 2030. 3) South Korea's Doosan Heavy Industries signs MOU w/ Korea South-East Power Co to develop 2 GW offshore wind, including floating wind. Doosan also jumping into green H2 w/ production, storage, & utilization demo project using 3 MW of wind power energy, to generate 600 kg of H2 per day. 4) Small modular nuclear reactors may hold promise, but near turn news not so good: NuScale price tag up to $6.1 bn, and some members of the Utah Associated Municipal Power Systems - potential project off-takers - have jumped ship, w/others re-evaluating after change in project ownership and financing. On more positive note, NuScale increasing reactor capacity from 720 MW to 924 MW, by changing operating mode. #PKayDee #sustainability #offshorewind #EVs #SMRs
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