MEXICO CITY : Mexico plans to ask U.S. President Joe Biden for as much as $48 billion in financing for solar projects, Foreign Relations Secretary Marcel Ebrard said Tuesday. Ebrard said the request will be presented to Biden at the upcoming Jan. 9-10 meeting of U.S., Canadian and Mexican leaders in Mexico City. Mexico hopes […]
ACORE Commends FERC Chair Glick, Calls for Rapid Action to Restore a Full Complement of Commissioners – EQ Mag
Statement From Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE): “We commend Chairman Glick for being an exceptionally effective and visionary leader of the Federal Energy Regulatory Commission (FERC). His commitment, collegiality, and willingness to tackle the regulatory barriers facing the transition to a 21st century grid have been critically […]
Will new US incentives for ‘green’ hydrogen actually reduce emissions? – EQ Mag
The Inflation Reduction Act steers billions to boost green hydrogen, but unless carefully monitored, that money could spur an increase in climate pollution. The United States stands at a pivotal point on the path to addressing climate change. The Inflation Reduction Act will over the next decade unleash hundreds of billions of dollars in subsidies […]
Private equity’s energy-storage bets begin to pay off – EQ Mag
Energy storage, once a sliver of the renewable-power generation sector, is becoming an asset class of its own, and some early private-equity backers of battery-project developers are beginning to reap the benefits. EnCap Investments, a Houston-based private-equity firm that focused exclusively on the oil-and-gas industry before putting money into energy storage in 2019, has exited […]
Highway EV charging will need a ton of power — sooner than you think – EQ Mag
A new report warns that EV charging along Northeast highways will require sports-stadium levels of grid power by 2030. Where are the plans to supply it? The typical electric-vehicle charging site today has a few EV chargers that can make do with the power grid that’s already there. But within the decade, demand for charging […]
Electric vehicles are here and large-scale adoption is … near? – EQ Mag
You might expect electric vehicles to be more popular, with gas prices and sustainability concerns so high. But barriers to widespread adoption remain. Here’s what companies must do to topple them. While the internal-combustion engine dominates car design, its existence contributes to global warming and detracts from electric-vehicle (EV) development. Things like carbon emissions, the […]
Vietnam’s VinFast ships first EV batch to US customers – EQ Mag
HAI PHONG: Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the US, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected to be handed over to customers […]
Electric-vehicle charging stations could use as much power as a small town by 2035 — and the grid isn’t ready – EQ Mag
A boom in electric cars and trucks will require big upgrades to charging infrastructure. A new study suggests that by 2035 some stations will need to provide as much power as a small town. US roads are destined for an onslaught of electric vehicles, from SUVs and pickup trucks to delivery vans and semis. But […]
Green policymakers under pressure, US offshore wind dilemmas and Tesla’s UK power grab – EQ Mag
Our curation of the must-read news and analysis from the-week-that-was in the global renewable energy industry In the week after a disappointing COP27 failed to achieve an international consensus on squeezing fossil fuels out of the global economy, policymakers came under fresh pressure from all quarters to keep the energy transition moving forward. In Europe, […]
US law will crush Australia’s hydrogen superpower dreams – EQ Mag
The clean energy incentives in US President Joe Biden’s Inflation Reduction Act will be “devastating” for Australia’s global hydrogen superpower ambitions, warns a major renewable energy investor. Quinbrook Infrastructure Partners Australia reckons the nation should instead concentrate on becoming a green energy miner as the US turns to “friend-shoring” – favouring allies in its supply […]