Over the last two weekends, we have carried a couple of energy related articles (linked below) so we thought we would just carry on after seeing this tweet during the week.
Sandra Purohit@SandraPurohit
Thanks to the HISTORIC Federal clean energy investments of the past 1-2 years, we have reached an inflection point. Jobs & businesses are being created at an INCREDIBLE pace & this is my attempt to capture our economic progress.
Sandra Purohit@SandraPurohit
Passage of the #inflationreductionact #chipsact #bipartisaninfrastructure & @POTUS EO’s have supercharged Federal investments in the clean energy economy. No doubt they have changed “the narrative from risk mitigation to opportunity capture.”
theatlantic.com The Climate Economy Is About to Explode A new report suggests that the Inflation Reduction Act could be even bigger than Congress thinks.
Sandra Purohit@SandraPurohit
Honda & @LGEnergyGroup are planning a $4.4 Billion EV Battery Factory in Ohio:
wsj.com Honda, LG Energy Plan $4.4 Billion EV Battery Factory in U.S. Tokyo-based Honda and South Korea’s LG Energy join a growing roster of joint ventures between car makers and battery suppliers planning new factories in the U.S.
Sandra Purohit@SandraPurohit
IRA drives $1.2 billion by @FirstSolar : "First Solar plans to invest $1 billion in a new fully vertically integrated factory based in the Southeast and an additional $185 million for upgrading and expanding its existing footprint in northwest Ohio."
finance.yahoo.com First Solar is investing $1.2 billion to expand U.S. factory footprint after IRA passage First Solar (FSLR) announced a $1.2 billion investment into expanding its factory footprint in the U.S., providing a tailwind to President Biden’s push to accelerate domestic manufacturing and reduce...
Sandra Purohit@SandraPurohit
Following IRA @ArcelorMittal & TPG Inc. part of a $450 million investment in long duration battery start up:
wsj.com WSJ News Exclusive | Long-Duration Battery Startup Form Energy Raises $450 Million Form Energy is accelerating development of iron-air batteries that could store clean power for several days following the Inflation Reduction Act.
Sandra Purohit@SandraPurohit
Major news from LG Energy which is ready to open 6 EV oriented plants by 2025:
asia.nikkei.com LG Energy charges into North America to steal CATL's battery crown U.S. subsidies embolden South Korean battery maker to ready 6 plants
Sandra Purohit@SandraPurohit
Michigan also has been in the news with a major success - winning a $1.6 billion battery factory which will provide great EV jobs:
bloomberg.com Michigan Lures $1.6 Billion Battery Factory in Fight for EV JobsMichigan awarded incentives to two new battery projects -- a local startup building a cell plant and a Chinese firm that may produce battery components -- as Governor Gretchen Whitmer seeks to secure...
Sandra Purohit@SandraPurohit
"REC Silicon and Mississippi Silicon agreement bolsters U.S. solar supply chain":
pv-magazine.com REC Silicon and Mississippi Silicon agreement bolsters U.S. solar supply chain The recent Hanwha investment will enable a re-start of the currently idle Moses Lake plant in 2023 and make available high volumes of cost competitive, high quality, and low carbon solar grade...
Sandra Purohit@SandraPurohit
GM pledges $760 million for Ohio EV plant:
toledoblade.com GM pledges $760 million to make EV drives in ToledoGeneral Motors is spending $760 million to make its Toledo Transmission plant a hub for electric drive systems. The electric propulsion systems are ...
Sandra Purohit@SandraPurohit
And millions more for one in Indiana!
repairerdrivennews.com GM investing $491M in Indiana stamping plant to prepare for future EVs - Repairer Driven News General Motors has announced it will invest $491 million to prepare its Marion, Indiana stamping plant to provide a variety of steel and aluminum stamped...
Sandra Purohit@SandraPurohit
Kia announced they will be starting production in the US in 2024 thanks to IRA!
electrek.co Kia will produce electric vehicles in the US in 2024 to get EV tax credit Kia will start producing electric vehicles in the United States starting in 2024 in order to qualify for new EV tax credits in the Inflation Reduction Act, according to Korean news outlets Maeli...
Sandra Purohit@SandraPurohit
ABB making a major investment in South Carolina:
new.abb.com ABB expands US manufacturing footprint with investment in new EV charger facility
Sandra Purohit@SandraPurohit
"Piedmont Lithium announced Thursday that it plans to build a lithium refining plant in Tennessee. Once fully operational the facility would provide enough lithium for 500,000 electric vehicles a year..."
cnbc.com Miner Piedmont unveils plans to build lithium refining plant in push for domestic EV supply chains Piedmont said the facility will be the largest lithium refining operation in the U.S., providing enough materials for 500,000 electric vehicles a year.
Sandra Purohit@SandraPurohit
"Roughly $28 billion in new manufacturing investment has been announced in the weeks following the IRA’s signing."
Sandra Purohit@SandraPurohit
Great news for Kansas!!! "...commitment from @panasonic to build a massive electric vehicle battery plant at an industrial park in eastern Kansas"
kansasreflector.com Kansas wins Panasonic competition for massive vehicle battery manufacturing plant - Kansas Reflector Gov. Laura Kelly and Panasonic officials confirm Johnson County to be site of world's largest vehicle battery plant — a $4 billion, 4,000-job facility.
Sandra Purohit (@SandraPurohit)
Thanks to the HISTORIC Federal ⚡️clean energy investments of the past 1-2 years, we have reached an inflection point. Jobs & businesses are being created at an INCREDIBLE pace & this 🧵is my attempt to capture our economic progress. 👇 LMK about projects I’ve missed!
Previous Energy Related Sunday Long Reads
Sunday Long Read: Comments on WH report on crypto mining
@decentralize.today @privacy.do Sunday (very) Long Read: Comments on the White House report on the climate implications of #cryptomining #BTC
Sunday Long Read: The dangers and delusions of fracking
@decentralize.today @privacy.do Sunday Long Read: The dangers and delusions of fracking, the UK stumbles back in on itself! #fracking #liztruss
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