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Here’s the thing about renewables like wind and solar that many people don’t get. The “fuel” that makes them work is free. That is not to say the devices we construct to harvest energy from wind and solar don’t cost anything and don’t contribute some greenhouse gas emissions. But let’s not pretend that somehow all the concrete, steel, and piping that go into making a thermal generating plant are inexpensive and carbon free.

And yes, getting the power generated by renewables from where it is made to where it is used requires building new transmission lines. But they don’t leak oil and gas into our rivers and oceans the way pipelines do. Isn’t it odd how fossil fuel apologists question the need for new transmission infrastructure when it involves electricity from renewables but never do when it comes to electricity from thermal sources? One is a scourge while the other is a blessing? Does that make any sense?

The central point is, once the fuel for thermal generating plants gets consumed, we have to go out and find more of it. Prices for coal, oil, and gas aren’t stable. They fluctuate constantly — sometimes wildly — which makes it hard to make long term business decisions. The world is about to get a hard lesson in the true cost of relying on fossil fuels this winter. With unnatural gas in short supply, prices are expected to skyrocket. The cost of electricity in some places could double or triple as a result.

Yet the cost of sunlight never goes up. It is free and always will be. All we have to do is gather it up and distribute it efficiently and humans will have all the electrical energy they could possibly need forever.

Wind Is Solar

Wind is just solar energy in a different format. Think about it. Wind is air moving from one place to another. And what causes the air to move? Temperature differences. And what causes temperature differences? The sun. Whether we are talking about a breeze that fills the sails of a boat or the jet streams that encircle the globe, the sun is the ultimate source of all air movements on Earth.

Denmark Opts For Wind Islands

Denmark has been experimenting with offshore wind power since 1991. It’s no wonder two of the world’s largest wind turbine companies — Vestas and Ørsted — are both Danish. For years, it has thought about constructing artificial islands in the North Sea and the Baltic Sea to serve as bases for offshore wind farms. Now the government has officially sanctioned the idea. The Danish government will own 50.1% of the islands with private partners owning the rest.

The island in the North Sea will have a capacity of 3 GW, which is equal to the electricity consumption of three million households and twice the amount of energy provided by all offshore wind turbines in Denmark today. It also corresponds to approximately half of Denmark’s total electricity consumption. The capacity will be expanded in phases to a maximum of 10 GW, which could cover the electricity consumption of 10 million households and contribute to the further electrification of Denmark and its neighboring countries.

In the Baltic Sea, the artificial island will be located offshore near the island of Bornholm. Electricity from the offshore installation will be distributed from Bornholm to electricity grids on Zealand and neighboring countries. The turbines off the coast of Bornholm will have a capacity of 2 GW, corresponding to the electricity consumption of two million households.

The decision to establish the two energy islands was reached under the climate agreement of 22 June 2020, which was entered into by the Danish Government, the Liberal Party, Danish People’s Party, Social Liberal Party, Socialist People’s Party, the Red-Green Alliance, Conservative Party, Liberal Alliance and the Alternative.

The US Offshore Wind Initiative

Offshore wind is popular because the equipment can be placed well out to sea where it is invisible to people on land. We don’t object to a welter of poles, wires, and transformers cluttering up our built environment but heaven forfend we have to deal with the sight of a spinning turbine. Eeeek! Also, wind speeds tend to be more stable and predictable out over the ocean than they are on land, which makes offshore wind more reliable.

This past week, the US government announced plans for seven major offshore wind farms along both coasts and in the Gulf of Mexico. They are part of a plan by the Biden administration to create 30 GW of offshore wind energy by 2030 — enough for 10 million homes. Sharp eyed readers will note Danish authorities expect that much electricity to power 30 million homes, which tells you something about how much electricity the average home in the US uses compared to homes in the rest of the world.

Interior Secretary Deb Haaland said her department hopes to hold lease sales by 2025 for areas off the coasts of Maine, New York and the mid-Atlantic, as well as the Carolinas, California, Oregon and the Gulf of Mexico. The projects could avoid about 78 million metric tons of carbon dioxide emissions while creating up to 77,000 jobs, according to The Guardian.

In addition to offshore wind, the interior department is working with other federal agencies to increase renewable energy production on public lands, Haaland said, with a goal of at least 25 gigawatts of onshore renewable energy from wind and solar power by 2025.

The government’s wind initiatives will face a host of technical and political challenges. Who will ever forget a certain ex-president telling a group of fawning admirers that wind turbines “kill all the birds”? Yet the same people don’t bat an eye when offshore oil rigs (many of which are visible from land) spill millions of gallons of crude oil into the ocean, when pipelines threaten the water supply of millions of people, or fracking turns domestic drinking water toxic. Can you say “hypocrites,” boys and girls? Yeah, we knew you could.

The government is taking steps to address those concerns, however. The DOE announced last week it allocate $11.5 million to study the risks offshore wind development may pose to birds, bats, and marine mammals. It will also monitor changes in commercial fish and marine invertebrate populations at an offshore wind site on the east coast and spend $2 million on visual surveys and acoustic monitoring of marine mammals and seabirds at potential wind sites on the west coast.

“In order for Americans living in coastal areas to see the benefits of offshore wind, we must ensure that it’s done with care for the surrounding ecosystem by coexisting with fisheries and marine life – and that’s exactly what this investment will do,” Energy Secretary Jennifer Granholm announced.

The Takeaway

The bottom line is what is known in the industry as the levelized cost of electricity — the triple net, absolute measure of what it costs to generate kilowatt of electricity. Water seeks its own level, nature abhors a vacuum, and business craves the lowest cost option. Today, the LCOE of wind and solar energy is lower than thermal generation and getting cheaper all the time. And why not? The cost of fuel for renewables is zero. It doesn’t get much cheaper than that!

Fossil fuel adherents will fuss and fume about national security, energy independence, and the wonders of military might, but the truth is renewables not only slash carbon emissions, they can enhance national security, provide energy independence, and eliminate much of the need for standing armies to any country and all for free. What could we possibly be waiting for?

 

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The global critical minerals race is heating up — and rare earths stocks are skyrocketing

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The global critical minerals race is heating up — and rare earths stocks are skyrocketing

A wheel loader takes ore to a crusher at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020.

Steve Marcus | Reuters

The emergence of critical minerals as a new arena of geopolitical competition has coincided with a dizzying rally in U.S.-listed rare earths mining stocks.

Despite paring gains in recent weeks, shares of Critical Metals have advanced 241% over the last three months, while NioCorp Developments, Energy Fuels and Idaho Strategic Resources have all surged well above 100% over the same period.

The eye-watering gains are even more remarkable year-to-date. Energy Fuels’ stock price has quadrupled through the first 10 months of the year, while NioCorp Developments’ shares have nearly quintupled.

Rare earths have come to the fore as a key bargaining chip in the ongoing geopolitical rivalry between the U.S. and China, the world’s two largest economies.

Tony Sage, CEO of Critical Metals, which has one of the world’s largest rare earths deposits in southern Greenland, described the rally of U.S.-listed rare earths miners as evidence of a major market boom.

“I talk of it like this, I mean, there have been four big booms. You had the gold boom in the 19th century, the oil boom in the 20th century, in the early 21st century you had the tech boom — and now you’ve got the rare earths boom,” Sage told CNBC by telephone.

“But the rare earths boom is the future. It will power all of the above.”

We are going from a philosophy of ‘fill the gap’ through imports to ‘mine the gap’ domestically or regionally.

Audun Martinsen

Head of supply chain research at Rystad Energy

Rare earths refer to 17 elements on the periodic table that have an atomic structure that gives them special magnetic properties. These materials are vital components to a vast array of modern technologies, from everyday electronics, such as smartphones, to electric vehicles and military equipment.

China, which has a near-monopoly on rare earths, recently threatened to expand its export controls on the elements to further leverage its dominance of the supply chain. However, following an in-person meeting in South Korea on Thursday between U.S. President Donald Trump and Chinese leader Xi Jinping, Beijing agreed to delay the Oct. 9 export controls by one year.

U.S.-listed rare earths stocks rallied on the news, although analysts remain skeptical about whether the apparent trade truce can offer long-term relief.

U.S. President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025.

Evelyn Hockstein | Reuters

“As in all booms, there were a lot of oil companies that couldn’t find oil and there were a lot of gold companies that couldn’t find gold. And I’m sure there are going to be a lot of rare earths companies that won’t make it either — because when there’s a boom, there’s hype. And when there’s hype, there’s overexuberance in investing,” Critical Metals’ Sage said.

“It’s not a straight rise up. It’s a jagged line, but the trend is in the right direction if you’ve got the right project in the right place, and you’ve got the right partners,” he added.

‘A much bigger and longer supercycle’

Stock Chart IconStock chart icon

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Shares of Critical Metals over the last three months.

“In the last nine to 10 months that Trump has been in power, he’s talked about annexing Greenland, he’s talked about doing a deal with Ukraine for rare earths and then the real clincher was this equity deal with MP Materials,” Das said.

“So, I think the runway over the next two to three years is going to be very fruitful,” he added.

Not everyone is as bullish on the outlook for rare earths-related stocks, however.

Audun Martinsen, head of supply chain research at Rystad Energy, said the recent surge in equity prices reflected a mix of geopolitical tension, strategic policy support and speculative momentum.

“Rare earths have clearly moved to the center of global industrial strategy, vital for defense, EVs and clean energy, but this looks more like the early stages of a structural shift than a mature ‘fourth boom,'” Martinsen told CNBC by email.

Neodymium is displayed at the Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. factory in Baotou, Inner Mongolia, China, on Wednesday, May 5, 2010.

Bloomberg | Bloomberg | Getty Images

“We are going from a philosophy of ‘fill the gap’ through imports to ‘mine the gap’ domestically or regionally,” he continued. “It will be a lengthy, expensive and rocky path forward as adequate, cost-effective resources and element diversity are complex to get full control over.”

Clean energy transition

Gernot Wagner, a climate economist at Columbia University, said there were two clear factors at work as global competition intensifies to secure the supply of critical minerals — one structural and the other political.

“The structural: Despite whatever political attempts there may be to stop or derail things, the clean-energy transition is happening — and it is accelerating — and yes, it depends on a number of critical minerals, whose prices are bound to jump,” Wagner told CNBC by email.

China, for instance, is the low-cost supplier of many of these minerals, Wagner said, noting that the Asian giant’s mineral dominance is by no means an accident.

“Beijing has invested heavily in green industrial policy for years, focusing on the full, integrated supply chain. That’s where politics enters,” Wagner said.

“Some attempts to onshore supply chains are eminently justified for national security and other reasons, and those attempts will increase prices and stocks of U.S. mining companies. Some of what we see, of course, is merely the current politics or erratic trade wars and the like,” he added.

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Survey Sunday: we asked how much home charging SHOULD cost, you answered

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Survey Sunday: we asked how much home charging SHOULD cost, you answered

For the last few weeks, we’ve been running a sidebar survey about how much Electrek readers think it would cost to add EV charging systems to their homes. After receiving over twenty-four hundred responses, here’s what you told us.

In our previous survey, we asked readers why they chose to install solar panels at home. In the recap, many of our commenters mentioned having their systems systems pull double duty — charging home backup batteries and topping off their electric cars. That got us thinking: as more and more first-time EV owners look into the many benefits of home charging, how much do they expect to pay for home charging?

Based on over 2,400 responses, this is what you told us.

What do you expect to pay for home charging?


By the numbers; original content.

The most positive surprise was that more than a third of Electrek readers who responded to the poll already had 240V outlets in their garage, so they expected to pay effectively $0 – their homes are EV ready now!

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Of the remaining 64%, 44% were fairly evenly split between a relatively straightforward ~$500-1,000 wiring job with a few wiring or panel upgrades while only about 18% expected to spend over $1,000 due to having an older home, a detached garage, or for some other (apparently pricey and/or inconvenient) reason.

Navigating the questions


EVSE installer; via Qmerit.

Just like you would for home solar, we’d recommend getting a quote from several installers before making a decision. One of our trusted partners, Qmerit, offers a quote-sourcing service called PowerHouse. The service scans pricing from thousands of completed electrification installations across North America to provide the best quotes that take regional variability into account and work with homeowners to “bundle” chargers, installation, and even batteries.

America has arrived at an inflection point in which all of the technical, policy and financial elements are in place to support a societal shift toward whole-home electrification. Now what’s needed is a comprehensive way to assemble these complex elements into a simple, financeable, home-energy retrofit that makes it easier to implement.

QMERIT FOUNDER TRACY PRICE

Qmerit says its new bundling program can flag the potential for federal, state, and local utility incentives like the ones we’ve covered from Illinois utility ComEd and others that can reduce or even eliminate the upfront costs of home installations for many.

Original content from Electrek.


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Ready to charge smarter? Get started today with Qmerit (trusted affiliate).

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California hits back as CARB takes legal action against truck brands

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California hits back as CARB takes legal action against truck brands

Following a lawsuit brought against the California Air Resources Board (CARB) by major heavy truck manufacturers over California’s emissions requirements, CARB has struck back with fresh lawsuit of its own alleging that the manufacturers violated the terms of the 2023 Clean Truck Partnership agreement to sell cleaner vehicles.

Daimler Truck North America, International Motors, Paccar and Volvo Group North America sued the California Air Resources Board in federal court this past August, seeking to invalidate the Clean Truck Partnership emissions reduction deal they signed with the state in 2023 to move away from traditional trucks and toward zero-emission vehicles (ZEVs). The main point of the lawsuit was that, because the incoming Trump Administration rolled back Environmental Protection Agency (EPA) policies that had previously given individual states the right to set their own environmental and emissions laws, the truck makers shouldn’t have to honor the deals signed with individual states.

“Plaintiffs are caught in the crossfire: California demands that OEMs follow preempted laws; the United States maintains such laws are illegal and orders OEMs to disregard them,” the lawsuit reads. “Accordingly, Plaintiff OEMs file this lawsuit to clarify their legal obligations under federal and state law and to enjoin California from enforcing standards preempted by federal law.”

After several weeks of waiting for a response, we finally have one: CARB is suing the OEMs right back, claiming that the initial suit proves the signing manufacturers, “(have) unambiguously stated that they do not intend to comply.”

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They want to sell Americans more diesel


Peterbilt Model 589; via Peterbilt.

In its lawsuit, CARB argues that monetary damages alone would not make the people of the State of California whole as far as damages are concerned, citing that the stated goal of the 2023 Clean Truck Partnership was, “to achieve emissions reductions that cannot be measured strictly in financial terms,” according to ACT-News.

The agency is asking the court to compel the truck companies to perform on their 2023 obligations or, failing that, to allow CARB to rescind the contract and recover its costs. A hearing on the truck makers’ request for a preliminary injunction was held Friday, with another court date set for November 21, when CARB will seek to dismiss the case brought forth by the truck brands. The outcome of these cases could shape how state and federal government agencies cooperation on emissions rules in the future.

You can read the full 22-page lawsuit, below, then let us know what you think of CARB’s response (and their chances of succeeding) in the comments.

SOURCES: CARB; via ACT-News, Trucking Dive.


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