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Governors' Wind Energy Coalition

November 23, 2021

Today’s Wind & Solar Energy News will not publish during the Thanksgiving holiday. It resumes on Monday, November 29. Happy Thanksgiving!

Top Story

President Biden will tap into U.S. oil reserves in concert with other nations.

By Zolan Kanno-Youngs and Stanley Reed, New York Times  •    •  Posted 2021-11-23 15:17:19

Working in concert with five other countries, President Biden on Tuesday ordered the release of oil from the nation’s emergency stockpile as Americans face rising gas prices amid a jump in inflation ahead of the holiday season, according to senior administration officials. The administration will tap into 50 million barrels of crude in the Strategic Petroleum Reserve. Britain, China, India, Japan and Korea will also open up their oil reserves in an effort to combat soaring global prices on oil. [ read more … ]

Wind Energy

This Houston tech company wants to build renewable energy-run bitcoin mines across Texas

By MacKenzie Sigalos, CNBC  •    •  Posted 2021-11-23 15:17:50

“I think the fact that it’s all energy companies investing suggests that we have a shared vision of the role bitcoin mining should play in the grid,” said Lancium Chief Executive Officer Michael McNamara. Bitcoin mining serves two purposes: To create new coins and to maintain a log of all transactions of existing digital tokens. To do that, miners around the globe contribute their computing power to verifying all bitcoin transactions. 
[ read more … ]

Grid

Northeast grid rules could make or break clean energy

By Miranda Willson, E&E News  •    •  Posted 2021-11-23 15:18:58

New England’s grid operator is considering an overhaul of regional power market rules that could determine whether Northeast states meet their clean energy goals, creating uncertainty in a region pivotal for reaching President Biden’s push for 100 percent clean electricity. With no fossil fuel production and broad interest among the states in advancing clean energy, New England could be a case study on how to develop a multistate carbon-free power market, observers say. [ read more … ]

Air Pollution

In reversing Trump smog rule, EPA flunks Colo. petroleum hub

By Sean Reilly, E&E News  •    •  Posted 2021-11-23 15:18:32

Colorado oil and gas producers are facing the prospect of tougher smog regulations as EPA completes its latest about-face on a series of contested Trump-era air quality compliance decisions.
In a final rule signed last week, EPA opted to declare all of Weld County, which sprawls north of Denver to the state line, out of compliance with its 2015 ground-level ozone standard. The county accounts for the bulk of Colorado’s oil and gas output. [ read more … ]

Markets

‘Greenflation’ a risk for renewable energy, but long-term viability intact

By Divya Chowdhury in Mumbai, Lisa Pauline Mattackal and Aaron Saldanha in Bengaluru, Reuters  •    •  Posted 2021-11-23 15:19:26

Rising prices of commodities needed for renewable energy will increase the costs of setting up new green power projects, but this will be balanced by better access to funds and economies of scale, policy advisers and an investor said. The rising costs, as well as supply chain problems for some of the commodities and goods needed for green projects, won’t be a long-term threat to the economic viability of clean energy, they told the Reuters Global Markets Forum last week.
[ read more … ]

EVs

How Tax Credits and Government Subsidies Have Aided the Electric-Vehicle Market

By Nora Naughton and Christina Rogers, Wall Street Journal  •    •  Posted 2021-11-23 15:18:10

The Biden administration has made electric vehicles, and the batteries that power them, a big part of its policy efforts to combat climate change. Other countries, particularly in Europe and Asia, are also pushing to accelerate EV adoption with their own incentives and regulatory requirements. Here is a look at the government’s role in helping to jump-start the electric-vehicle market and how that is evolving in the current political landscape. [ read more … ]

 

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.