February 12 NEC Energy News
¶ “US Tariffs Could Spur 7% Rise In Onshore Wind Costs” • A report from Wood Mackenzie, ‘Trade war hits US onshore wind power’, warns that tariffs could threaten project viability and potentially slow growth in the wind industry. It finds that US proposed tariffs could increase US onshore wind turbine costs by 7% and overall project costs by 5%. [reNews]
¶ “Biggest Coal Generator Has Zero Appetite For Nuclear In A Market Where Grid Flexibility Is King” • AGL Energy, Australia’s biggest baseload electricity generator, confirmed it has no plans to branch into nuclear power, but instead remains focused on replacing its coal generation fleet with assets underpinned by big investments in big batteries. [RenewEconomy]
¶ “Louisiana Lawmakers Look To Nuclear To Meet Energy Needs” • Louisiana’s two nuclear power plants support about 20% of the state’s energy demands. With the advent of data centers, AI, bitcoin mining, and other advancements in big tech, the energy needs are increasing and lawmakers seek to position the state as an energy leader. [WAFB]
¶ “Terravis Energy Unveals a Heat Pump That Defies Freezing! Down to -57°F Below” • Terravis’ AetherLux heat pump system stands out from all others. This new groundbreaking system operates from -57°F to 131°F, eliminates defrost cycles, and paves the way for a new era in energy efficiency. It has no competition in its temperature range. [CleanTechnica]
¶ “California’s Insurer For People Without Private Coverage Needs $1 Billion More For LA Fires Claims” • The FAIR Plan, California’s plan that provides insurance to homeowners who can’t get private coverage, needs $1 billion more to pay out claims related to the Los Angeles wildfires, according to the state Insurance Department. [ABC News]
¶ “Trump Promised to ‘Drill, Baby, Drill.’ Big Oil Won’t Let Him” • “Drill, Baby, Drill” was supposed to create an abundance of oil, bringing its price down. But it seems the realities on the ground were far different from what Trump expected, and his promises of “unleashing America’s energy” will not go far. Big Oil will drill, but only if the price is right. [CleanTechnica]
¶ “Why The ‘Redheaded Stepchild’ Of Renewable Energy Is Poised To Rise Under Trump” • President Trump’s call to “drill, baby, drill” may be intended to benefit the Oil & Gas industry, but Secretary of Energy Chris Wright named geothermal energy, which uses underground heat to generate clean electricity and heat, as a prime area for R&D. [The Hill]
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