Vietnam's VinFast Plans to Manufacture EVs in N. Carolina

NYISO notches new record for on-site solar at 2,238 MW; Trammell Crow and solar company Altus Power to install $600 mn solar panels on 35 mn sq feet of US ind’l property, totaling 300 MW; Department of Commerce to review solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam; Siemens Energy to construct a multi-gigawatt hydrogen PEM electrolyser factory in Berlin, w/first 1 GW of output by 2023; Vietnam’s EV company VinFast building a factory in North Carolina; LG Energy Solutions to build $1.4 bn battery plant in Arizona; President Biden invokes Defense Production Act to spur more domestic mining and processing of critical minerals in lithium ion batteries

1) NYISO sets record high of 2,238 MW dc of distributed solar, adding 750 MW last year, and anticipates 7,281 MW by 2030

2) Trammell Crow and solar company Altus Power to install 300 MW of solar panels on 35 mn square feet of US ind’l property by 2026, at a price of $600 million. Storage and EV charging also contemplated

3) Department of Commerce to review solar panel imports from Cambodia, Malaysia, Thailand, and Vietnam – source of 80% of crystal silicon panel imports - for anti-dumping, w/potentially severe impacts on U.S. solar ind’y

4) Siemens Energy plans to build a multi-gigawatt PEM electrolyser factory in Berlin, w/first 1 GW of production by 2023. At least eight other companies have giga-factories, w/ announced total of 17 GW

5) Vietnamese EV OEM VinFast will build an EV and battery factory in N. Carolina, w/initial annual output at 150,000 vehicles/annum. Expansion may grow to 250,000 cars

6) LG Energy Solutions announces $1.4 bn 11 GWh battery factory in Arizona to manufacture cylindrical cells for EVs

7) President Biden invokes Defense Production Act to accelerate domestic mining and processing of the minerals going into lithium ion batteries, authorizing the Defense Department to conduct feasibility studies