This Week's News - Energy

A weekly newsletter mainly on renewable and digital energy related news. If you find this interesting, I’d really appreciate it if you could share the love and pass it on to others who might enjoy it as well!

• Two initiatives looking to bring solutions for powering data centers but the second one here involves both renewable and natural gas sources?
• How tech giants could turn AI data centers into power grid allies (Axios)
• Wall Street Giants to Make $50 Billion Bet on AI and Power Projects (Wall Street Journal $)

• Good indicators of the strength of the energy storage market
• Tesla energy storage deployments to double in 2024: CFO (Utility Dive)
• LG Energy Solution announces ESS revenue growth, new products (PV Magazine)

• Further moves to reduce dependence on the grid
• Sunrun in discussions to supply data centers across the US with solar power (Data Center Dynamics)
• ABM to integrate Mainspring Energy’s power generation tool to strengthen EV charging solutions (Utility Dive)
• Trucking giant turns to solar and battery storage to accelerate EV shift (PV Magazine)

• The demand for energy is driving profits amongst the energy ecosystem
• Hitachi rides AI power grid boom to 40% net profit boost (Nikkei Asia $)
• Schneider Electric’s North America growth drives Q3 revenue, led by energy management (Utility Dive)
• Xcel Energy posts higher quarterly profit, launches $45 bln investment plan (Reuters $)
• The data center power crunch is already showing up in hyperscaler earnings (Latitude Media)

• This is guidance for the US Federal Government but it is certainly applicable to the building industry as a whole? Grid-interactive efficient building systems need robust cybersecurity measures, DOE says (Utility Dive)
• If the use of VPPs were more widespread, it could help make things easier for the UK? Free Electricity, Anyone? Britain Tries New Tricks to Green Its Grid. (New York Times $)
• It’s not just for solar and wind? Utility-scale batteries could boost hydropower plant efficiency (International Water Power and Dam Construction)
• Getting attention for applications that require short term energy discharge? Power tech vendors tout supercapacitors to improve grid efficiency (Latitude Media)
• $30M for a decentralized energy infrastructure company focusing on solar power? VCs Pump More Money Into DePINs as Glow Seeks to ‘Power the Planet with 100% Renewable Energy’ (NFTGators)

• More good news on the clean energy front?
• Global clean technologies to hit $2 trillion in market value by 2035: IEA (Energy Terminal)
• Global trend? Wind and solar lead accelerating LCOE drop for renewable energy: WoodMac (Utility Dive)
• Utility-scale solar additions hit 46.8 GW since start of 2023, says Wiki-Solar (PV Magazine)
• Record solar and wind power drive European electricity generation (Energy Live News)
• The tax code change unleashing $25B in clean energy investment (Canary Media)
• Historic grid expansion plans advance in the central US (E&E News)
• The Rust Belt Is Becoming Ground Zero for the EV Charging Boom (Bloomberg $)
• UK provides first funds for Great British Energy and boosts floating offshore wind (Windpower Monthly)
• ?Record year for UK small-scale battery storage (PV Magazine)
• Energy storage more than half of new Italian grid capacity for 2025 (PV Magazine)
• The passive house trend is booming (Washington Post $)
• California reaches 22% BEV market share, Tesla is down but not doing half bad (Electrek)
• Hyundai secures largest clean energy supply in Korea, enough to charge over 7 million EVs (Electrek)

• And some headwinds for clean energy
• Net zero by 2050 in doubt without doubling annual investment in energy supply to US$3.5 trn (Wood Mckenzie)
• Skills gap looms for energy efficiency jobs tied to net-zero emission goals: IEA (Environmental News Bits)
• Offshore wind industry says ‘misinformation’ from foes is a strong headwind it must fight (AP)
• Most Brits still hold misconceptions about EVs finds new study (Renewable Energy Magazine)
• US Gulf of Maine offshore wind auction attracts scant interest (Reuters $)

• The good and the bad for clean energy
• China Three Gorges plans $10 billion renewables-coal power base (Mining.com)

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