The Biden Administration to Provide Funds of Over $6 BN for Climate Resilience Programs

1.) New York Governor Kathy Hochul announced that expedited offshore wind solicitations will take place early in 2024., with an RFP issued November 30, 2023, final proposals due on 25 January 2024, and award announcements by the end of February 2024.

2.) The Electric Reliability Council of Texas had released an RFP in early October for up to 3,000 MW of capacity from mothballed power plants and DR. With only 11 MW applying, ERCOT canceled the RFP on November 17.

3.) Chinese sales of cars with plugs hit an all-time high in October, notching a record 956,000 units in October.

4.) The U.S. DOE will award up to $3.5 billion to boost domestic production of advanced batteries and battery materials.  A priority will be placed on next-generation technologies and battery chemistries.

5.) The Biden Administration announced that it would provide funds of over $6 bn for climate resilience programs, targeting areas such as flood risk, and addressing community environmental justice. $3.9 billion will be spent to increase the robustness of the U.S. electric grid.

6.) GE Vernova’s Onshore Wind business completed its first onshore wind turbine at its assembly line in Schenectady, NY. The 6.1 MW machines, withtip heights soaring to 650 feet, are designed for low-to-medium wind speeds.