February 17 NEC Energy News
¶ “NOAA Sea Level Rise Report: Now It’s Personal” • Some people complain that stopping climate change will be expensive. There is no question the cost of doing something will be high, but the cost of doing nothing will be much, much higher. The latest report from the National Ocean Service about sea level rise makes that abundantly clear. [CleanTechnica]
¶ “New Mexico Regulators Approve Plan To Replace Nuclear Power” • New Mexico regulators approved a plan that calls for new solar generation to replace 114 MW of power Public Service Co of New Mexico will lose when it stops buying electricity from the Palo Verde nuclear plant in Arizona. PNM will develop the solar energy with battery storage. [USNews.com]
¶ “Iberdrola Makes $10 Billion US Offshore Wind Pledge” • Iberdrola made a multi-billion dollar pledge to invest in three offshore wind projects totaling 2800 MW in Massachusetts. The Spanish firm will invest $10 billion on the development of the sites, Iberdrola chairman Ignacio Galán agreed at a meeting with Massachusetts Governor Charlie Baker. [reNews]
¶ “Biggest Power Plant In Coal-Reliant Australia To Close Early” • Australia’s largest coal-fired power station will close seven years earlier than planned, as its operator says it is increasingly unable to compete with the “influx of renewables.” The 2.88-GW Eraring plant is north of Sydney, in New South Wales, and is operated by Origin Energy. [BBC]
¶ “California Gas Prices Just Hit A Record High – $5 Gas Could Come Soon” • Gas in California hit a record high of $4.72 a gallon on average on Wednesday, and experts say a whopping $5 a gallon will likely be the norm there in a matter of months, if not sooner. Part of the reason for the price increase is the switch away from fossil fuels. [CNN]
¶ “Over 90% Of US Lithium Imports From 2016–2019 Came From Argentina And Chile” • The US imports many of the minerals used in EV batteries. They are mportant for meeting the increasing demand for EV production. From 2016–2019, over 90% of the lithium imported to the US came from Argentina (55%) and Chile (36%). [CleanTechnica]
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