Markets & Policy

Also on the rise: New clean energy coalition will push for U.S. tax code reform, FPL topples the stack of its last coal-fired power plant, NERC and Dragos launch a cybersecurity initiative, and the Western Energy Imbalance Market moves into Montana.

The Southern Alliance for Clean Energy identified two pathways that the Southeast’s big utilities could follow to achieve 100% renewable generation against the backdrop of a possible federal mandate.

The automaker said it is accelerating plans for two new battery cell plants in the United States to complement the Ultium Cells LLC plants under construction in Tennessee and Ohio.

Job moves in solar, storage, cleantech, utilities, and energy transition finance.

Also on the rise: Black & Veatch unit sets financing for 137 MW Texas project, Rockefeller Foundation partners to fund distributed renewable projects in Africa, and DroneBase closes a funding round as it expands its solar presence.

Renewable project finance has to become more dynamic and greater risks will have to be taken in order to meet clean economy mandates, a panel of experts said during an ACORE event.

As part of ACORE’s Finance Forums, experts on federal energy policy outlined what policies are needed to help drive the Biden Administration’s clean energy and climate change policies.

The funds support DOE national lab efforts and create partnerships in batteries, electric vehicles, connected vehicles, and will span five years.

Also on the rise: Stem and CleanCapital extend their business ties and eye C&I energy storage, Heliogen raises $108 million from industrial heavyweights for its CSP refinery, and Ameresco will deploy a solar array at Cannon AFB.

A Q1 market report said the biggest impact has been on utility-scale projects, with some developers trying to rework PPAs. It warned that “compounding cost increases across all materials are just beginning to affect installers.”