June 1 NEC Energy News
¶ “Vermont Becomes First State To Mandate That Fossil Fuel Companies Pay For Climate Damages” • A new law in Vermont — the first of its kind in the US — will require fossil fuel companies to pay for a share of the costs of weather disasters fueled by climate change. Republican Gov Phil Scott allowed the bill to become law without his signature. [NBC News]
¶ “Nuclear Plan A ‘Distraction’ As Coal Town Transitions” • In Australia, the federal coalition has plans to add nuclear energy to the power grid by building reactors at sites where there are coal or gas-fired power stations. One coal town that could be a site for a nuclear station says the plan is a distraction as it works to ditch fossil fuels. [Michael West Media]
¶ “US Energy Secretary Calls For More Nuclear Power While Celebrating $35 Billion Georgia Reactors” • US Energy Secretary Jennifer Granholm called for more nuclear reactors to be built in the US and worldwide. But the CEO of the Georgia utility that built the reactors at a cost of nearly $35 billion says his company isn’t ready to pick up that baton. [MSN]
¶ “Arizona Is Advancing In Renewable Energy With Federal Investments” • Arizona is on the frontline for up-and-coming solutions for climate change thanks to federal investments for renewable energy. Since 2021, Arizona has received $10.5 billion for clean energy through the Bipartisan Infrastructure Law and Inflation Reduction Act. [AZPM]
¶ “Orange Shortages Send Juice Prices Soaring, Prompt Possible Changes” • Orange production in two top growing regions has been plagued by diseased fruit and bad weather, prompting all-time high prices. Amid more frequent and intense heatwaves, a citrus organization cited climate change as a key factor in the dramatic orange crop reduction. [ABC News]
¶ “Avaada Energy Wins 1.05-GW Solar Project In India From NTPC” • Indian renewable energy company Avaada Energy was awarded a 1.05-GW solar project in an auction by the National Thermal Power Corporation’s Renewable Energy Implementing Agency. The project, won at a competitive tariff of 3.2¢/kWh, is set for completion by 2026. [Power Technology]
¶ “Outlook ‘Surprisingly Positive’ For US Offshore Wind” • The market outlook for US offshore wind “surprisingly positive,” says a recent report by consulting firm Intelatus Global Partners. Even with ongoing issues, the firm says, “the fundamentals are looking surprisingly positive in the context of what has taken place over the last 12 months.” [Offshore Magazine]
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