Atlantic Shores Offshore Wind’s Post

New guidance from the U.S. Department of the Treasury, the Internal Revenue Service and the U.S. Department of Energy (DOE) means $6 billion in new tax credits for the green energy and industrial supply chain. These credits apply to companies making components for everything from geothermal and hydropower projects to nuclear facilities and hydrogen electrolyzers to rare earth and silicon miners and refiners. Learn more about the funding available to support energy transition projects by reaching out to us here: https://hubs.ly/Q02vsJtj0 And learn more about the new tax credits available under 45C here: https://hubs.ly/Q02vsJGt0

For those who may have missed it, last week saw Insight by Volue unveil the latest release of its long-term report for the Nordic countries and Central Europe. These reports cover how market prices, industrial development, and governmental policy drives change within the power market. We delve deep into the factors influencing these forecasts, offering valuable insights into the conditions driving these predictions. Additionally, we highlight the changes, conclusions, and price differentials compared to our previous released edition. Insights within the latest edition include: ► A new carbon trading scheme targeting emissions from road transport and buildings is approaching, potentially reducing gas and liquid fuel consumption. ► A second LNG supply wave is impacting global gas markets, while European gas demand declines due to the rise of renewables and energy efficiency measures, capping long-term gas prices. ► New nuclear capacity and lifetime extensions in the Nordic countries are gaining public and political support, which may strengthen power balances in the 2040s. ► Some major infrastructural projects in the Nordic countries are facing postponements or cancellations. Follow the link below in the comments section to learn more.

A great piece by The New York Times on growing data center demand and the energy conversation being powered by it. Renewables require transmission lines and storage, but an air-cooled micro-modular reactor provides clean, baseload power on-site. For those that are fully modular, like the PWR-20 by Last Energy, they can be delivered in 2 years and scale to meet the increasing demand. 🚚 Last Energy will be at #DataCenterWorld in DC next month. Read the full article: https://lnkd.in/eQqV9kNp

🌍 Transforming Energy: A Multi-Trillion Dollar Opportunity 🌍 Kara Murphy, CFA Murphy was recently joined by Eli H., Senior Portfolio Manager at TCW, where they discussed the most defining investment themes in #energy and #infrastructure. Within the energy space, a few themes stood out: ⚡ Power Generation: While the spotlight often shines on renewables, there's significant potential in "brown" businesses. With 80% of US power generation still dependent on natural gas, coal, and nuclear, these legacy sources are essential for providing reliable 24/7 power during the transition.  ❔ Why Brown Matters: Brown companies are critical to the energy shift, offering consistent baseload power. Overlooking these sectors can hinder investment and delay progress 🎥 Watch below for more insights. The full recording is available exclusively to Kestra Advisors. Reach out to us to learn more! #EnergyTransformation #InvestmentStrategy #BrownEconomy #InvestmentThemes

Interested in the latest #energy and #infrastructure trends? Check out the below conversation with Eli Horton and TCW.

While Hinkley C and Sizewell C are 3,200MWe-capacity projects, many proposed SMR projects are only expected to generate in the 220-440MWe range – equivalent to 150 wind turbines or an older coal-fired station.

Great to hear such common sense and sound thinking from The Hon. Peter Dutton MP at #energyproducersconf in Perth, WA. Ensuring energy security for Australia is essential and Dutton provides a clear message on achieving this. Simple policy rather then ideological rhetoric. New gas development is critical to underpin a smooth transition to renewables. Also, Nuclear offers a clean, safe and carbon free part of the energy mix with out ruining vast tracts of prime rural land with solar panels, wind farms and transmission lines. Liberal will “turbo charge” the resources sector with a 10 point plan including annual release of new gas exploration and development fields, defunding green tape departments and streamlining approvals.

This week has been pivotal for the energy sector, with significant strides in government policies and industry initiatives aimed at promoting clean energy and enhancing sustainability. Here are some key highlights: GOV.UK has released a factsheet on the Great British Energy Bill, which aims to establish Great British Energy as a publicly-owned and operationally independent company. This company will focus on clean energy production, distribution, storage, and supply. The Scottish Government has introduced a new Climate Change Bill designed to provide a robust framework for emissions reduction by setting carbon budgets over a five-year period. Department for Energy Security and Net Zero (DESNZ) has detailed a subsidy scheme offering up to £5.5bn in support until the final investment decision on the new 2-unit 3.2GW nuclear power plant. For more updates on the Contracts for Difference Allocation Round 6 (CfD AR6), Ofgem’s Default Tariff Cap, the completion of the Viking Wind Farm, and the Northern Powergrid survey, Cornwall Insight Industry Essentials provides you with key energy market analysis, verified news, and more. Book a demo and start your trial today! https://lnkd.in/easEaxTk

This year, global spending on clean energy technologies and infrastructure—covering renewables, electric vehicles, nuclear power, grids, and storage—is expected to reach $2 trillion. For the first time, an International Energy Agency (IEA) report reveals, 2023 saw more investment in renewable power and grids combined than in fossil fuels. In a recent Fast Company Middle East feature, John Iossifidis, Group Chief Executive Officer at Al Ghurair, shared his insights: “The significant investments coupled with favourable government policies are attracting global manufacturers to the region, fostering sustainable industrial growth, and strengthening the region’s position in the clean energy transition, which feeds into multiple sectors such as the automobile and steel industries.” Read the full article for more details on the region’s efforts to boost domestic clean energy production and its potential impact on manufacturing ambitions: https://shorturl.at/vDn65 #CleanEnergyTransition #RenewablesRising #SustainableInvestment #GreenEconomy #EnergyInfrastructure #GlobalManufacturing #CleanEnergyFuture #GovernmentPolicies #IndustrialGrowth #RenewablePower

Have you ever wondered why clean energy is not only surviving, but thriving in RED states here in the USA? Despite the common perception that Republicans are against clean energy, states like Georgia (and AL, SC, and FL, not to mention TX!) are seeing significant solar growth. At the UNC Cleantech Summit, NICO JOHNSON 🎙️ sat down with Tim Echols, Vice Chairman of the Georgia Public Service Commission, to discuss Georgia's achievements in clean energy. Discover how Georgia has become the 7th largest state for utility-scale solar with 6 GW of capacity, and how it is gearing up to meet the increasing energy demands of expanding data centers. Expect to learn: ⚡ How Georgia structured its solar policies to make financial sense for constituents ⚡The outlook for EV adoption following pandemic slow-down and factory build-out delays from Rivian (and others). ⚡ The future of the IRA if Trump is elected ⚡ Echols’s perspective on nuclear energy's role in meeting future power demands Georgia has proven that it can and will be a solar leader. #renewableenergy #sustainability #cleanenergy #EVs