November 11 NEC Energy News
¶ “Kentucky Regulators Approve Plan For 900% Increase In Renewable Energy” • The Kentucky PSC approved a plan by Louisville Gas and Electric and Kentucky Utilities to retire several fossil fuel plants and replace them with 877 MW of solar and a 125-MW, 500-MWh of battery system. This will be a 900% increase in renewables. [pv magazine USA]
¶ “Disputes Over Safety, Cost Swirl A Year After California Okayed Plan To Keep Last Nuke Plant Running” • A year after California endorsed a proposal to keep running its last nuclear plant, disputes still swirl about its safety, whether over $1 billion in public financing could be be wise, and even if the electricity is needed in the age of renewables. [Spectrum News]
¶ “The AI Boom Is Boosting Carbon Emissions – Should Companies Acknowledge Their Climate Share?” • AI uses a lot of electricity because it needs thousands of specialized computer chips. It’s getting clear that the AI boom in the next few years will increase electricity consumption exponentially, increasing the world’s carbon emissions. [CleanTechnica]
¶ “Low US Gasoline Demand Is Making Gasoline Less Profitable” • Low gasoline demand in combination with the seasonal switch to winter-grade gasoline has made gasoline less profitable to produce, reducing the difference between gasoline blendstock and crude oil prices to multiyear lows of around 17¢/gallon in October 2023. [CleanTechnica]
¶ “US And China Reach ‘Some Agreements’ On Climate – John Kerry” • The US has reached some agreements with China ahead of the COP28 Summit in Dubai at the end of this month, US climate envoy John Kerry has said. “We felt that our days of talks were very successful. We did come up with some agreements”, he said, adding that details will come soon. [BBC]
¶ “Volvo Group Acquires Proterra” • Volvo Group announced, “Proterra Inc and Proterra Operating Company Inc are in a voluntary Chapter 11 bankruptcy process in the US. Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of $210 million.” [CleanTechnica]
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