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Governors' Wind Energy Coalition

July 26, 2022

Today’s Wind & Solar Energy News will not publish on Thursday and Friday.  It returns on Monday, August 1.

Top Story

White House promises more climate action this week

By Robin Bravender, E&E News  •    •  Posted 2022-07-26 15:57:13

The Biden administration will announce new policies this week to mitigate wildfire risks and protect communities from extreme heat, according to a White House official. The announcements come after President Joe Biden last week said that he views climate change as an “emergency,” and vowed to roll out a series of executive actions to tackle the problem. [ read more … ]

Energy Storage

Grid energy storage is still pulling in big bucks, recession be damned

By Julian Spector, Canary Media  •    •  Posted 2022-07-26 15:53:38

EsVolta, on the other hand, is a battery project developer that got in early on the California market back in 2017. It has several projects operating and more on the way. In buying the company, Generate got itself a proven team with a sizable pipeline — an increasingly hard thing to acquire as independent storage developers get snapped up by global energy companies or private equity firms.  [ read more … ]

Grid

MISO approves large grid expansion, paving way for renewables

By Miranda Willson, E&E News  •    •  Posted 2022-07-26 15:56:13

The Midwest grid operator approved 18 new high-voltage transmission lines yesterday, setting the stage for adding 53 gigawatts of renewable energy to the grid. The decision marks the most U.S. power lines ever approved at once and was hailed by climate advocates as a model for the nation. The board of directors for the Midcontinent Independent System Operator (MISO) greenlit the $10.3 billion investment in the tranche of lines. [ read more … ]

MISO board approves $10.3B transmission plan to support 53 GW of renewables

By Ethan Howland, Utility Dive  •    •  Posted 2022-07-26 15:54:01

The Midwest Independent System Operator’s board on Monday approved a $10.3 billion transmission plan that could support about 53 GW of wind, solar, hybrid and stand-alone battery projects found in state and utility clean energy goals in its northern and central regions. While the projects were designed to maintain grid reliability amid a changing generation mix, MISO estimates that it will bring $23.2 billion to $52.2 billion in present value net benefits over 40 years, including up to $19.9 billion in congestion and fuel cost savings, according to a presentation by Aubrey Johnson, MISO vice president of system planning and competitive transmission. [ read more … ]

Will Renewable Energy Destabilize The Grid? Yale 360 Has The Answer.

By Steve Hanley, CleanTechnica  •    •  Posted 2022-07-26 15:54:27

A recent issue of Yale 360 tackles the lies, distortions, and half-truths that surround the question of whether renewable energy can provide a reliable source of electricity at all times or requires thermal generation “base load”capability to be dependable. All of us clearly remember the so-called governor of Texas foaming at the mouth after a severe cold spell knocked that state’s power grid offline in 2021. He blamed the problem on the state having too much renewable energy. [ read more … ]

Climate

Hill staffers hold climate protest in Schumer’s office

By Nick Sobczyk, E&E News  •    •  Posted 2022-07-26 15:56:41

Congressional staffers Tuesday morning protested in the office of Senate Majority Leader Chuck Schumer (D-N.Y.) to urge him to continue negotiating on a climate change bill. Several aides posted about the sit-in on Twitter, including Aria Kovalovich, a professional staff member for the House Oversight and Reform Subcommittee on Environment, and Saul Levin, a policy adviser for Rep. Cori Bush (D-Mo.). [ read more … ]

Congress

Leftovers pile up for year-end tax bill menu

By Laura Weiss, Roll Call  •    •  Posted 2022-07-26 15:55:16

A set of more bipartisan clean energy tax incentives could instead factor significantly into a year-end tax bill. Several Democrats said that if they don’t move beforehand, they’ll serve as a motivating factor for a post-election deal. Without action, many incentives start to disappear. Benefits for wind power plants cut off for sites where construction began after Dec. 31, 2021, while investment tax credits for solar equipment start to phase down after this year. [ read more … ]

Markets

Big Oil Set for Record Profit as World Reels From High Fuel Cost

By Francois De Beaupuy, Bloomberg  •    •  Posted 2022-07-26 15:54:49

Big Oil is poised for a record-breaking $50 billion profit in the second quarter, but the industry’s stellar performance could contain the seeds of its own decline. The soaring earnings are direct result of the high energy prices that have stoked inflation, piled pressure on consumers, raised the risk of recession and prompted calls for windfall taxes. Amid this political and economic turbulence, shareholders may have to temper their expectations for rising returns. [ read more … ]

EVs

DOE offers $2.5B loan to boost GM’s battery plans

By David Ferris, E&E News  •    •  Posted 2022-07-26 15:56:00

The Department of Energy said yesterday it would loan $2.5 billion to automaker General Motors Co. and battery maker LG Chem Ltd. to supercharge their construction of three American factories that will make essential parts of electric vehicle batteries. The loan, if finalized by the DOE’s Loan Programs Office (LPO), could be the first of its kind in more than a decade — early in the Obama administration, similar federal loans were used to build factories by Nissan Motor Corp. and Tesla Inc.
[ read more … ]

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