GM to Cadillac Dealers: Get On Board with EVs, or We'll See You Later

GM tells Cadillac dealers play EV ball or we'll buy you out; Japan makes move into offshore wind; South Korea's Doosan heading in same direction, adding some H2 to mix; Modular nuclear reactor company NuScale faces uphill climb

1) GM, having significantly upped EV investment ante, tells Cadillac dealers to get on board w/ supporting electric Caddy or take a buy-out, up to $500K. Dealers have been poor to date at supporting EVs; this may change that.

2) Japan opens 1st tender for fixed-bottom offshore wind, with 10 GW target by 2030.

3) South Korea's Doosan Heavy Industries signs MOU w/ Korea South-East Power Co to develop 2 GW offshore wind, including floating wind. Doosan also jumping into green H2 w/ production, storage, & utilization demo project using 3 MW of wind power energy, to generate 600 kg of H2 per day.

4) Small modular nuclear reactors may hold promise, but near turn news not so good: NuScale price tag up to $6.1 bn, and some members of the Utah Associated Municipal Power Systems - potential project off-takers - have jumped ship, w/others re-evaluating after change in project ownership and financing. On more positive note, NuScale increasing reactor capacity from 720 MW to 924 MW, by changing operating mode.