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PALM SPRINGS, CA – MARCH 27: Giant wind turbines are powered by strong winds in front of solar panels on March 27, 2013 in Palm Springs, California. According to reports, California continues to lead the nation in green technology and has the lowest greenhouse gas emissions per capita, even with a growing economy and population. (Photo by Kevork Djansezian/Getty Images)
Kevork Djansezian | Getty Images News | Getty Images

U.S. solar and wind deployments are on track to hit new records in 2022 as momentum behind the energy transition grows, according to a new report from S&P Global Market Intelligence.

The firm expects as much as 44 gigawatts of utility-scale solar, and 27 gigawatts of wind to come online next year. For solar, the forecast is nearly double 2021’s estimated 23 gigawatts of new capacity. For wind, 2022’s projected additions easily surpass the current annual record of 16 gigawatts, set in 2020.

By way of comparison, the U.S. has a total generating capability of about 1,200 gigawatts, according to the Public Power Association.

A number of factors are fueling the upswing in wind and solar power generation, including the expansion of state level renewable requirements and the expected extension of tax credits for the industry.

S&P also pointed to a jump in demand from corporations. For companies looking to curb emissions, switching to renewable power is typically one of the first and easiest steps. All told, the firm expects wind and solar capacity contracted to non-utility companies to hit 40 gigawatts next year.

Energy storage, which is key for intermittent power sources like wind and solar, is also growing. S&P expects 8 gigawatts of storage to be installed in 2022, which is around six times higher than the prior record from 2020.

President Joe Biden has made climate a focus of his administration and called for a carbon-free power sector by 2035. This is part of his wider goal of pushing the country to net-zero emissions by 2050.

The infrastructure bill passed by the House on Friday evening includes billions of dollars for clean energy projects. The larger $1.75 trillion social safety net and climate package, which the House is currently debating, earmarks $555 billion in climate-related spending.

“If the current administration is successful in putting the U.S. on a path to 100% decarbonization of the energy sector by 2035, these record-setting projections are just the beginning,” S&P said of its 2022 estimates.

But not everyone is so optimistic. An October report from Rystad Energy found that more than half of 2022’s global solar buildout is under threat from rising raw material costs and supply chain bottlenecks.

The firm estimated that 56% of the expected 90 gigawatts of global new utility-scale solar could be delayed or canceled.

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Daily Ev Recap: Ultra-fast charging adds 370 miles of range in 10 minutes

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Daily Ev Recap:  Ultra-fast charging adds 370 miles of range in 10 minutes

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple PodcastsSpotifyTuneIn and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available.

Stories we discuss in this episode (with links)

Everrati rebrands B2B EV conversion arm to ‘Powered by Everrati’ amid clientele increase

Tesla Cybertruck owner gets quoted over $30,000 for Powershare installation

CATL unveils world’s first LFP battery with 4C ultra-fast charging for 370-mi in 10 mins

Tesla (TSLA) surges on Elon Musk trying to ride AI wave

Tesla expects its 4680 battery cells to be cheaper than suppliers by end of year

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Daily Ev Recap:  Ultra-fast charging adds 370 miles of range in 10 minutes

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Watch the world’s first artificial energy island being built [video]

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Watch the world's first artificial energy island being built [video]

The first of 23 caissons for Princess Elisabeth Island, the world’s first artificial energy island, is nearly complete.

Princess Elisabeth Island will be an electricity grid at sea that will connect offshore wind farms to the Belgian mainland and also serve as a hub for future interconnectors with the UK and Denmark. Belgian electricity transmission system operator Elia is the project’s developer.

The 20,000-ton caissons, which will form the energy island’s outer walls, are being built at Jan De Nul Group and DEME’s construction site in Vlissingen, the Netherlands. It takes around three months to build one caisson. The production process is split into five 20-day stages. The caissons are moved between the different work sites using “runners,” which takes about six hours. 

When the caissons are ready, a semi-submersible vessel will transport them further down the harbor, where they’ll be temporarily stored in the water. They’ll then be moved to their final location in the North Sea this summer, weather allowing, said maritime infrastructure company Jan de Nul.

You can watch a time-lapse video of Princess Elisabeth Island’s first caisson being built here:

Princess Elisabeth Island is part of the larger Princess Elisabeth Zone, a future 3.5 gigawatt (GW) offshore wind farm in the North Sea, around 45 km (28 miles) off the Belgian coast. The world’s first artificial energy island will receive power from the wind turbines via undersea cables, and it will then be converted to high-voltage electricity and distributed to the Belgian mainland and other European countries. The energy island will combine both direct current (HVDC) and alternating current (HVAC).

The energy island will be finished in late 2026 when the electrical equipment will start to be installed. Princess Elisabeth Island is expected to be fully connected to all wind farms and the mainland by 2030. 

Read more: 2023 was a record year for wind power growth – in numbers


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Daily Ev Recap:  Ultra-fast charging adds 370 miles of range in 10 minutes

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Honda joins EV race with historic $11B investment to build 240K EVs a year

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Honda joins EV race with historic B investment to build 240K EVs a year

Honda is finally joining the EV race after announcing a massive $11 billion (CAD$15 billion) investment to build four new EV plants in Canada. The historic investment will be used to build Canada’s first EV supply chain, enabling 240,000 Honda EVs to be made for the US and Canada annually.

Honda reveals game changing investment to build EVs

Honda announced its largest investment in Canada ever as it prepares for the electric era. The plans for a new Honda EV plant and stand-alone EV battery factory in Alliston, Ontario.

Once fully operational, the EV facility will be able to produce 240,000 EVs a year, while its battery plant will have capacity of 36 GWh per year. Production is expected to begin in 2028.

According to a press release from the prime minister’s office, Honda will build Canada’s first comprehensive EV supply chain. The project will include four new manufacturing plants in Ontario.

In addition to the EV plant and battery factory, Honda will build a cathode active material and precursor plant through a joint venture with POSCO Future M. A second is planned with Asahi Kasei Corp.

Honda-investment-EVs
2024 Honda Prologue (Source: Honda)

Justin Trudeau, prime minister of Canada, said Honda’s investment is a “game changer for manufacturing in Canada.” With a full supply chain, Honda expects to cut costs by over 20%.

Honda aims for EVs and FCEVS to account for 100% of vehicle sales by 2040. Honda also invested $700 million to retool three Ohio plants to serve as its hub for future EV and EV battery production.

Meanwhile, Honda’s first electric SUV, the Honda Prologue, went on sale earlier this year. Starting at $47,400 (excluding destination), the Prologue offers up to 296 miles range.


2024 Honda Prologue trim
Starting Price
(w/o $1,395
destination fee)
Starting price after
tax credit

(w/o $1,395
destination fee)
Starting price after
tax credit

(with $1,395
destination fee)
EPA Range
(miles)
EX (FWD) $47,400 $39,900 $41,295 296
EX (AWD) $50,400 $42,900 $44,295 281
Touring (FWD) $51.700 $44,200 $45,595 296
Touring (AWD) $54,700 $47,200 $48,595 281
Elite (AWD) $57,900 $50,400 $51,795 273
2024 Honda Prologue prices and range

With the $7,500 federal tax credit, the Prologue’s starting price can fall to as low as $39,900 (excluding destination).

Lace Woelfer, VP of Honda America National Auto Sales, said the Honda Prologue hits the “sweet spot” as a sporty, stylish electric SUV.

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