Reuters: Big Automakers Plan to Spend Almost $1 Trillion on EVs by 2030

Avangrid seeks 1-month suspension of offshore wind PPA review, citing supply chain & inflation, seeks change to PPA; Siemens Gamesa upgrades wind turbine to rated output of 7 MW; SRP signs contracts w/Plus Power for 2 battery storage systems totaling 340 MW and 1,360 MWh, ready by mid-2024; EV charging co Electrify America unveils 1st MW-level battery system in Baker, California at 1.5 MW/3 MWh, as buffer betw chargers and grid; PG&E gets approval for nation's first V2G tariff for commercial EV charging customers; Reuters review sees world's top auto OEMs spending $1.2 trillion through 2030 on EVs, batteries, & raw materials; Pacific Corp and modular nuclear co TerraPower evaluating 5 sites for TerraPower's fast sodium nukes integrated w/molten salt storage; Micro inverter co Enphase to onshore some product manufacturing in response to IRA tax credits; BNEF estimates a price tag of $262 billion for Europe and US to domestically make all batteries & solar panels necessary to meet 2030 demand; Study in Nature suggests “made in America” approach may conflict with U.S. emissions reduction goals.

1) Avangrid files a motion in MA for one month suspension of offshore Commonwealth Wind PPA, citing, "economic challenges… historic price increases, sharp and sudden increases in interest rates,” and requests, "modest changes", to associated PPA.

2) Siemens Gamesa releases a wind turbine on its 5.X platform w/rated output of 7 MW, for medium to high wind speed locations.

3) Salt River Project inks agreement w/Plus Power for two battery storage systems totaling 340 MW, and 1,360 MWh to be operational by mid-2024. Both to be owned and operated by Plus Power subsidiary, w/SRP retaining dispatch control.

4) EV charging co Electrify America installing battery storage systems at DC Fast Charging stations to act as buffers, managing costs and reducing stress on grid. First MW-level system now online in Baker, California at 1.5 MW/3 MWh.

5) PG&E receives OK for the nation's first V2G tariff for commercial EV charging customers, compensating EVs for exporting power back to grid during peak periods.

6) Reuters review sees the world's top automakers spending $1.2 trillion through 2030 on EVs, batteries, and associated raw materials, up 2X from review a year ago.

7) Pacific Corp and modular nuclear reactor company, TerraPower announced they're evaluating five sites for TerraPower's fast sodium MNRs integrated w/molten salt storage.

8) Micro inverter supplier Enphase will onshore some product manufacturing in response to the recent IRA and tax credit of 11 cents/watt for microinverters.

9) BNEF estimates cost of $149 billion for Europe and $113 billion for the US to domestically produce all batteries and solar panels necessary to meet demand by 2030.

10) Study in Nature sees “made in America approach” conflicting w/U.S. emissions reduction goals, in part due to price increases.