"The factory will also manufacture solar cells, the building blocks for solar panels and a component not currently produced in the U.S., after the last few manufacturers went out of business or were priced out of the market by cheaper imports in recent years."
If ever there was a year for clean energy development to slow, this year seems to be a good fit, but surging prices, supply chain bottlenecks, and global energy market upheaval have not managed to slow renewables down. At the end of 2022, the ascendancy of clean energy appears to be as unstoppable as it is undeniable.
"Nvirovate launched in May 2021 and recently landed $850,000 in angel investments from two clean-tech focused investors — VertueLab and E8 Angels — as well as Diversified Chemical Technologies; Willamette University; Keeler Investments; Family Angel Management Fund; and an individual investor."
“'The cathode material is roughly 15% of the cost of an EV. It's a phenomenally impactful component that isn't very well understood. Overall, the battery supply chain accounts for maybe 20% to 25% of the cost of an EV,' Straubel said. 'This is a really meaningful and monetarily significant step toward launching this industry in the U.S.'”
"Many developers bid aggressively in state auctions to win those contracts but are now locked into agreements that didn’t account for rising costs, said Sam Huntington, director of North American power and renewables at S&P Global Commodity Insights."
“'On a global level, the 15 million barrels equates to a few hours’ worth of consumption,” [Loris] said. 'That’s not really going to move the needle on prices at the pump, especially because the market is already anticipating the release of the reserves.'”
As Biden scrambles to keep energy from rising, some have suggested that his administration consider banning crude oil exports. Doing so would be misguided and impose more economic harm on American families by curtailing supply and driving prices at the pump higher.
"To make its palm oil alternative, C16 Biosciences uses a wild type yeast microbe that makes a functional equivalent to palm oil with a kind of fermentation process. And fermentation — which is what has been used to make wine, beer and cheese for ages — is a 'really, really robust, scalable process,' Heller said."
"The 56 properties are mainly hardwood forest and range from Michigan’s Upper Peninsula down to Louisiana’s Atchafalaya Basin, over to the Apalachicola River in Florida, up through Appalachia and to New York’s Adirondack Mountains."
Heather Richards writes in E&E News about an offshore wind project that is being threatened by high energy prices. “A Massachusetts offshore wind farm says it may not be viable without changes to a power contract with the state, citing escalating global energy costs and a supply chain crisis that could chill the fledgling market...
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