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The Biden administration is out with a new memo that anticipates getting to 40% solar energy in the US by 2035. That might not be in time to settle out this whole thing about catastrophic climate change, but it should put the nation on track to meet the President’s ambitious goal for decarbonizing the nation’s power generation profile. Of course, the devil is in the details, and the big question is whether or not certain elected officials will get with the planet-saving program.

Getting To 40% Solar Energy By 2035

The new memo comes from the US Department of Energy under the title, “Investing in a Clean Energy Future: Solar Energy Research, Deployment, and Workforce Priorities,” which hints at the problem. The impacts of catastrophic climate change are already nipping at the heels of the Earth, and it will take a swift, massive redirection of economic assets to turn the ship around.

The memo cautions that keeping the nation’s existing fleet of nuclear power plants afloat is a key piece of the puzzle, alongside wind power, carbon capture, and something called “clean” hydrogen, which is not necessarily the same as green hydrogen (more on that in a sec).

However, the memo underscores the critical importance of the solar energy factor.

“Solar is the fastest-growing source of new electricity generation in the nation – growing 4,000 percent over the past decade – and will play an important role in reaching the administration’s goals,” the Energy Department enthuses.

“Large-scale decarbonization of the electricity sector could move solar from 3 percent of generation today to over 40 percent by 2035,” they add.

And now, for the bad news. The Energy Department cites a yet-to-be published analysis by the National Renewable Energy Laboratory, which calculates that “solar deployment would need to accelerate to three to four times faster than its current rate by 2030,” if the power sector is to be decarbonized by 2035.

“Meeting these goals will require billions in investment and market opportunities through 2050 across clean energy generation, energy storage, electricity delivery, and operations and maintenance – including in low-income and community solar,” the Energy Department explains.

If you caught that thing about “market opportunities,” that’s where state and federal legislation comes into play. Right now the US is a patchwork of solar-loving and solar un-loving jurisdictions. That will have to change if a swift energy transition is to be orchestrated.

Why 40% Solar Energy By 2035 Is Possible

Despite the challenges, the clean power transition is already inevitable. The massive drought in the western US has exposed the shortcomings of over-reliance on power generation technology that relies on water, including hydropower as well as coal, gas, and nuclear energy. The US grid needs to diversify as well as decarbonize while keeping a close eye on the energy-water nexus.

Solar energy is not necessarily a water-free technology, partly due to the need for keeping solar panels free of dust and debris. However, low-water and waterless cleaning technologies are already at hand.

The Energy Department also cites resiliency as a key factor favoring solar power:

“Solar deployed at scale, when combined with energy storage, can make America’s energy supply more resilient, particularly from power disruptions in the event of manmade and natural threats.  Smaller-scale solar, as part of microgrids or hybrid plants, can drive greater local self-sufficiency and  community-level resilience. Solar with storage solutions can already provide hours of backup power for individual buildings and, in the future, could provide days of backup power and even seasonal stored power. This storage option can help manage the grid, prevent outages, and even restart the grid after a power outage.”

Potholes On The Road To 40%

As for the details, the road to 40% solar energy by 20305 is not going to be a smooth ride.

For example, the memo advocates for continuing to provide tax credits for clean power investment and production, pointing out that they “have been successful tools in helping to expand solar and wind energy generation” by cutting the cost of investing in clean power.

Unfortunately, the production tax credit is set to die at the end of this year, and the investment tax credit will follow it to the grave shortly thereafter unless certain members of Congress (you know who you are) get their act together.

The memo also brings up the need for new electricity transmission lines to transmit all that new solar energy, which is a super duper touchy subject. Anybody remember Clean Line Energy? The company’s ambitious plans for a new network of clean power lines in the US fell to pieces after a few years due to local opposition and state-based legislative roadblocks.

On the plus side, some of those pieces are still clinging to life. Other signs of new transmission line activity have been springing up in recent years, though some of that is occurring in Texas, which has already sunk its hooks deep into new clean power transmission lines.

The Energy Department memo advocates for tax incentives for transmission projects as well as energy storage, but those pesky opponents could halt or delay projects for years to come.

The Once & Future Energy King Is The US

The memo is on more solid ground in the area of innovation and manufacturing, pointing out that “the solar industry has its roots in America, and a key part of lowering the costs of solar involves investing in technology innovation, manufacturing, and the solar supply chain.”

“U.S. research and development has helped lower manufacturing costs, increase efficiency and performance, and improve reliability of solar technologies,” they add.

US innovators are still driving the global market, even though the nation lost its pole position in the solar manufacturing race long ago. According to the Energy Department, its funding stream has supported almost half of worldwide solar cell efficiency records over the past 35 years, in addition to playing a key role in the global concentrating solar power industry.

Not specifically mentioned in the memo is the agency’s long term love affair with perovskite solar cell technology, but it does reference the related field of thin film solar as a means of re-domesticating the solar cell industry, which is important because that would avoid overseas labor issues as well as supply chain issues.

More Solar Power For Everybody

The memo also points out that the solar market in the US is far from saturated. Aside from the potential for growth in the field of luxury and market-rate housing, there is a vast untapped reservoir of potential growth in the low- and moderate-income areas.

“Low- and moderate- income Americans are less likely to adopt solar due to issues like lack of access to financing, which perpetuates energy inequalities and leads to lower overall levels of solar deployment,” DOE explains, adding that “Access to credit is a key barrier to solar adoption for low- and moderate-income households; almost 90 percent of 2018 solar adopters have either prime or super-prime credit scores.”

Addressing the root causes of structural racism in the US would help solve some of that problem, but in the meantime the Energy Department has been doing some of the heavy lifting by promoting the community solar model.

Community solar projects are designed to provide all ratepayers with access to affordable solar power, regardless of whether or not they rent or own property, or what their tax status is (looking at you, non-profits), and if their property can support its own solar panels.

The Energy Department began a concerted effort to promote community solar during the Obama administration. So far the effort has survived the Trump administration and the COVID-19 pandemic, but most of the activity is currently centered in just four states.

On the plus side, the memo notes that some activity is beginning to bubble up in 35 other states and the District of Columbia, indicating the potential for a renewed push. The memo explains that “green banks and other financing mechanisms that invest in community solar can help families and businesses gain access to zero-carbon solar” would help things along, hinting that state and federal legislators still need to get on board with the plan.

What About Green Hydrogen & Solar Energy?

As for “clean” hydrogen, don’t be fooled. Hydrogen is ubiquitous throughout the industrial economy, from fuel to fertilizer, pharmaceuticals, and processed foods. The problem is that almost the entire global supply of hydrogen comes from fossil natural gas, along with a smattering of coal, and no matter which way you turn it, hydrogen is not going away anytime soon.

Fossil energy stakeholders have proposed slapping carbon capture systems onto hydrogen production and calling it “clean,” which would be super funny except when you’re staring into the void of a massive global catastrophe.

The alternative would be to extract hydrogen from other sources, and that is already beginning to happen. For example, interest is coalescing around the use of offshore wind farms to generate electricity for electrolysis systems, which extract hydrogen from water.

A similar feat can be accomplished with onshore wind farms or solar arrays. The missing piece is political will, but keep an eye on that newly recharged bipartisan energy storage caucus in Congress for some movement in that direction.

Follow me on Twitter: @TinaMCasey.

Image (screenshot): Solar energy memo via US Department of Energy.

 

 
 

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Tesla Semi suffers more delays and ‘dramatic’ price increase

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Tesla Semi suffers more delays and 'dramatic' price increase

According to a Tesla Semi customer, the electric truck program is suffering more delays and a price increase that is described as “dramatic.”

Tesla Semi has seen many delays, more than any other vehicle program at Tesla.

It was initially unveiled in 2017, and CEO Elon Musk claimed that it would go into production in 2019.

In late 2022, Tesla held an event where it unveiled the “production version” of the Tesla Semi and delivered the first few units to a “customer-partner”: PepsiCo.

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Tesla Semi PepsiCo truck u/Tutrifor
Tesla Semi Image credit: u/Tutrifor

More than 3 years later, the vehicle never went into volume production. Instead, Tesla only ran a very low volume pilot production at a factory in Nevada and only delivered a few dozen trucks to customers as part of test programs.

But Tesla promised that things would finally happen for the Tesla Semi this year.

Tesla has been building a new high-volume production factory specifically for the Tesla Semi program in a new building next to Gigafactory Nevada.

The goal was to start production in 2025, start customer deliveries, and ramp up to 50,000 trucks yearly.

Now, Ryder, a large transportation company and early customer-partner in Tesla’s semi truck program, is talking about further delays. The company also refers to a significant price increase.

California’s Mobile Source Air Pollution Reduction Review Committee (MSRC) awarded Ryder funding for a project to deploy Tesla Semi trucks and Megachargers at two of its facilities in the state.

Ryder had previously asked for extensions amid the delays in the Tesla Semi program.

In a new letter sent to MSRC last week and obtained by Electrek, Ryder asked the agency for another 28-month delay. The letter references delays in “Tesla product design, vehicle production” and it mentions “dramatic changes to the Tesla product economics”:

This extension is needed due to delays in Tesla product design, vehicle production and dramatic changes to the Tesla product economics. These delays have caused us to reevaluate the current Ryder fleet in the area.

The logistics company now says it plans to “deploy 18 Tesla Semi vehicles by June 2026.”

The reference to “dramatic changes to the Tesla product economics” points to a significant price increase for the Tesla Semi, which further communication with MSRC confirms.

In the agenda of a meeting to discuss the extension and changes to the project yesterday, MSRC confirms that the project went from 42 to 18 Tesla Semi trucks while the project commitment is not changing:

Ryder has indicated that their electric tractor manufacturer partner, Tesla, has experienced continued delays in product design and production. There have also been dramatic changes to the product economics. Ryder requests to reduce the number of vehicles from 42 to 18, stating that this would maintain their $7.5 million private match commitment.

In addition to the electric trucks, the project originally involved installing two integrated power centers and four Tesla Megachargers, split between two locations. Ryder is also looking to now install 3 Megachargers per location for a total of 6 instead of 4.

Tesla Semi Megacharger hero

The project changes also mention that “Ryder states that Tesla now requires 600kW chargers rather than the 750kW units originally engineered.”

Tesla Semi Price

When originally unveiling the Tesla Semi in 2017, the automaker mentioned prices of $150,000 for a 300-mile range truck and $180,000 for the 500-mile version. Tesla also took orders for a “Founder’s Series Semi” at $200,000.

However, Tesla didn’t update the prices when launching the “production version” of the truck in late 2023. Price increases have been speculated, but the company has never confirmed them.

New diesel-powered Class 8 semi trucks in the US today often range between $150,000 and $220,000.

The combination of a reasonable purchase price and low operation costs, thanks to cheaper electric rates than diesel, made the Tesla Semi a potentially revolutionary product to reduce the overall costs of operation in trucking while reducing emissions.

However, Ryder now points to a “dramatic” price increase for the Tesla Semi.

What is the cost of a Tesla Semi electric truck now?

Electrek’s Take

As I have often stated, Tesla Semi is the vehicle program I am most excited about at Tesla right now.

If Tesla can produce class 8 trucks capable of moving cargo of similar weight as diesel trucks over 500 miles on a single charge in high volume at a reasonable price point, they have a revolutionary product on their hands.

But the reasonable price part is now being questioned.

After reading the communications between Ryder and MSRC, while not clear, it looks like the program could be interpreted as MSRC covering the costs of installing the charging stations while Ryder committed $7.5 million to buying the trucks.

The math makes sense for the original funding request since $7.5 million divided by 42 trucks results in around $180,000 per truck — what Tesla first quoted for the 500-mile Tesla Semi truck.

Now, with just 18 trucks, it would point to a price of $415,000 per Tesla Semi truck. It’s possible that some of Ryder’s commitment could also go to an increase in Megacharger prices – either per charger or due to the two additional chargers. MSRC said that they don’t give more money when prices go up after an extension.

I wouldn’t be surprised if the 500-mile Tesla Semi ends up costing $350,000 to $400,000.

If that’s the case, Tesla Semi is impressive, but it won’t be the revolutionary product that will change the trucking industry.

It will need to be closer to $250,000-$300,000 to have a significant impact, which is not impossible with higher-volume production but would be difficult.

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BP chair Helge Lund to step down after oil major pledges strategic reset

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BP chair Helge Lund to step down after oil major pledges strategic reset

British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.

Nurphoto | Nurphoto | Getty Images

British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset.

“Having fundamentally reset our strategy, bp’s focus now is on delivering the strategy at pace, improving performance and growing shareholder value,” Lund said in a statement.

“Now is the right time to start the process to find my successor and enable an orderly and seamless handover,” he added.

Lund is expected to step down in 2026. BP said the succession process will be led by Amanda Blanc in her capacity as senior independent director.

Shares of BP traded 2.2% lower on Friday morning. The London-listed firm has lagged its industry rivals in recent years.

BP announced in February that it plans to ramp up annual oil and gas investment to $10 billion through 2027 and slash spending on renewables as part of its new strategic direction.

Analysts have broadly welcomed BP’s renewed focus on hydrocarbons, although the beleaguered energy giant remains under significant pressure from activist investors.

U.S. hedge fund Elliott Management has built a stake of around 5% to become one of BP’s largest shareholders, according to Reuters.

Activist investor Follow This, meanwhile, recently pushed for investors to vote against Lund’s reappointment as chair at BP’s April 17 shareholder meeting in protest over the firm’s recent strategy U-turn.

Lund had previously backed BP’s 2020 strategy, when Bernard Looney was CEO, to boost investment in renewables and cut production of oil and gas by 40% by 2030.

BP CEO Murray Auchincloss, who took the helm on a permanent basis in January last year, is under significant pressure to reassure investors that the company is on the right track to improve its financial performance.

‘A more clearly defined break’

“Elliott continues to press BP for a sharper, more clearly defined break with the strategy to pivot more quickly toward renewables, that was outlined by Bernard Looney when he was CEO,” Russ Mould, AJ Bell’s investment director, told CNBC via email on Friday.

“Mr Lund was chair then and so he is firmly associated with that plan, which current boss Murray Auchincloss is refining,” he added.

Mould said activist campaigns tend to have “fairly classic thrusts,” such as a change in management or governance, higher shareholder distributions, an overhaul of corporate structure and operational improvements.

“In BP’s case, we now have a shift in capital allocation and a change in management, so it will be interesting to see if this appeases Elliott, though it would be no surprise if it feels more can and should be done,” Mould said.

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Quick Charge | hydrogen hype falls flat amid very public failures

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Quick Charge | hydrogen hype falls flat amid very public failures

On today’s hyped up hydrogen episode of Quick Charge, we look at some of the fuel’s recent failures and billion dollar bungles as the fuel cell crowd continues to lose the credibility race against a rapidly evolving battery electric market.

We’re taking a look at some of the recent hydrogen failures of 2025 – including nine-figure product cancellations in the US and Korea, a series of simultaneous bus failures in Poland, and European executives, experts, and economists calling for EU governments to ditch hydrogen and focus on the deployment of a more widespread electric trucking infrastructure.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

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Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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