Day: January 20, 2024

Quebec court shuts down subsidized Northvolt EV plant following injunction

Energy News Beat A Quebec court has shut down construction on a massive multi-billion dollar EV plant pending an injunction from a Montreal environmental group. The Centre Québécois du Droit de L’environnement (CQDE), on Thursday filed the injunction request in Superior Court, calling for the work to stop to protect local wetlands near the Richelieu […]

2023 – The Year The Renewables Bubble Burst

Energy News Beat In 2023. clean energy witnessed one of the toughest years in its short history. Supply chain issues, the energy crisis post Russia’s invasion of Ukraine and the ensuing ramp of interest rates and inflation hit all entities across the natural resources value chain. Clean energy bore the brunt of these global tensions […]

California Solar Industry Faces Cash Crunch Amid Policy Change

Energy News Beat About 63% of solar installer members in California are facing cash flow issues following a new policy that reduced homeowner incentives. Rooftop solar system sales in the state have plummeted by 85% compared to the previous year, causing some companies to close or leave the state. The downturn in the green energy […]

Understanding the relative cost of electricity (RCOE)

Energy News Beat The following article was written by Dr. Rob Jeffrey when completing his PhD Thesis at the University of Johannesburg. With his permission I am republishing it . The data was based on the South African 2019 Integrated Resource Plan (IRP). It stands, in my view, as an excellent critique against the levelized cost of electricity (LCOE), […]

Extreme weather shows need for dispatchable resources, new transmission: FERC commissioners

Energy News Beat Winter storms Gerri and Helen, which swept across the United States this week, highlight the need to add transmission capacity in the country, according to Federal Energy Regulatory Commission Chairman Willie Phillips. The Southwest Power Pool, which runs the grid from North Dakota to north Texas, imported a record 6.8 GW to […]

SLOBODIAN: Carbon tax extreme… and you wonder why bread costs so much

Energy News Beat  After paying the carbon tax “at least 14 times” Manitoba farmers earn 18 cents on a loaf of bread with 550 grams of wheat. “That’s only to grow the crop,” said Manitoba provincial Progressive Conservative agriculture critic, Jeff Bereza. Hard-working farmers — up before dawn to plant crops, combining deep into the […]

German Truckers Join Farmer Revolt Against Green Cuts and Net Zero Taxes

Energy News Beat Rocked by two weeks of farmers’ demonstrations against cuts in diesel subsidies, Germany now faces hundreds of disaffected hauliers protesting, as they assembled in Berlin Friday morning to oppose plans for raising road tolls and carbon taxes on their industry. Approximately 1,500 trucks paraded along the A13 road towards Berlin in a two-kilometre long […]

Daily Energy Standup Episode #290 – Weekly Recap: Self-Driving Cars, Biden’s Policies, and the Future of the Oil Market

Energy News Beat Daily Standup Weekly Top Stories Would you buy a Ford self-driving car that would automatically drive to a repo company if you missed a payment?  January 13, 2024 Stu Turley Would you buy a Ford self-driving car that would automatically drive to a repo company if you missed a payment? Ford is on […]

Amid Collapsed Demand for Existing Homes, Prices Drop Further, Supply Highest for any December since 2018, New Listings Come out of the Woodwork

Energy News Beat Housing market is frozen, people have gone on buyers’ strike, sellers are hoping that this too shall pass. By Wolf Richter for WOLF STREET. The median price of existing single-family houses, condos, and co-ops in the US whose sales closed in December dropped to $382,600, down by 7.5% from the peak in June 2022, according to […]