NY State Bans ICEs After 2035, While NYC Heralds Aggressive EV Vision

LiCycle announces 4th battery recycling plant; NY will ban ICEs by 2035; NYC announces ambitious EV plans; CO utility Xcel Energy w/new program to accelerate transition to EV with incentives for lower-income customers; Chevron announces intent to acquire equity stake in the Advanced Clean Energy Storage Project, a green hydrogen hub w/over 1 GW of electrolyzers and storage of 5,500 MT of green hydrogen in salt caverns near Delta, Utah; A study in "Nature" estimates that for planetary temps to remain at 1.5 degrees Celsius, vast majority of known hydrocarbon reserves must remain in the ground; DOE Solar Futures Study says solar could provide 40% of U.S electricity by 2035 and 45% by 2050; Walmart raises $2 billion in a green bond; Tesla seeking staff for an energy trading team related to its battery and renewable power projects; Vistra's huge Moss Landing, CA, storage project offline after batteries overheated.

1) Lithium-ion battery recycler LiCycle plans on a 4th recycling plant, this one in AL.

2) New York Governor signs bill mandating only zero-emission passenger cars and light trucks after 2035.

3) New York City launches Electrifying New York, EV vision plan looking for 400,000 electric vehicles by 2030, and charging network of over 40,000 public Level 2 chargers and 6,000 fast chargers.

4) Colorado utility Xcel Energy announces program for transition to EVs w/incentives for lower-income customers, including $5,500 rebate on new EVs and $3,000 rebate on used ones.

5) Chevron to acquire equity stake in Advanced Clean Energy Storage Project, the new green hydrogen hub planning over 1 GW of electrolyzers and storage of 5,500 MT of green hydrogen in salt caverns near Delta, Utah.

6) A study in "Nature" says for planetary temps to stay at 1.5 degrees C, 58% of discovered oil reserves, 59% of natural gas reserves, and 89% of existing coal reserves must stay in ground.

7) DOE Solar Futures Study sees solar supplying up to 40% of U.S. electricity by 2035 and 45% by 2050. Would need to expand avg of 30 GW annually between now and 2025 and 60 GW per year for the next 5 years after that.

8) Walmart raises $2 billion in a green bond to cut carbon emissions, increase recycling, and decarbonize supply chain.

9) Tesla building an energy trading team for its battery and renewable power projects.

10) Vistra's massive energy storage project in Moss Landing, California, goes offline batteries overheat and sprinkler systems respond.