Volkswagen Again Setting Sites On EV for U.S. at Under $35,000

1.) NuScale Power Corporation and Utah Associated Municipal Power Systems terminate six-reactor, 462 MW small modular nuclear project in the face of price increases.

2.) The North American Electric Reliability Corporation annual Winter Reliability Assessment warns a large portion of North American grid at risk of insufficient supplies during peak winter conditions. Much ofeastern half of the U.S at risk.

3.) EV maker Polestar says it will make an EV with fast-charging, semi-solid-state battery cells from the tech firm StoreDot that can be charged to provide 100 miles of range in five minutes. Polestar 5 prototype planned for next year. 

4.) Volkswagen again setting sites on EV for U.S. at under $35,000 – to be made in either in the U.S. or Mexico. It has tried before, and new model is not expected to arrive for another 3 or 4 years. 

5.) Pacific Gas & Electric submits application to Nuclear Regulatory Commission to extend Diablo Canyon nuclear plant operation as far out as 2045. PG&E originally planned to shut twin reactors – providing about 9% of California’s electricity - in 2024 and 2025. 

6.) Voters in Texas approve constitutional amendment authorizing $10 bn Texas Energy Fund offering low-interest loans to build gas-fired power plants, develop microgrids and upgrade parts of the grid. It’s a recognition that energy-only markets and scarcity prices during tight supply aren’t sufficient for system reliability.

7.) Virgin Atlantic receives permit from the UK’s Civil Aviation Authority for first-ever transatlantic flight powered by 100% sustainable aviation fuel (SAF). The flight - from London’s Heathrow to New York’s JFK - is expected to take place November 28th.