Ida Is Proof That Louisiana Needs To Embrace Building Microgrids
Last week, Hurricane Ida knocked out all 8 transmission lines into New Orleans. In Baton Rouge, it took out our communications along with our electricity — with the exception of those who had Verizon. Although most of Baton Rouge is getting back online, New Orleans as well as smaller towns and cities still don’t have power.
Someone shared an article by Canary Media with me, and after reading it, I fully agree. We need microgrids here in Louisiana, yet our leaders don’t seem to want them. Advocates have been trying for years to make our local grid resilient, but oddly, our leaders don’t seem to want that. Why?
This isn’t the first time I’ve seen governments (local, state, etc.) purposely refuse to do things that benefit everyone. It’s like they want us to have messed up grids so that we suffer during disasters. The article cited another article by Canary Media that showed the outcome following local authorities’ repeated dismissals of proposals to invest in decentralized and resilient grid upgrades.
In 2016, a New Orleans-based nonprofit, Alliance for Affordable Energy, had a great alternative to Entergy New Orleans’ plan to build a new natural-gas-fired power plant. That idea was to build clean electricity resilience from the ground up — an integrated resilience plan that challenged Entergy New Orleans to try to find an alternative to a central power plant. The plant would be subject to known vulnerabilities — such as the impact of a category 4 hurricane.
The Alliance for Affordable Energy called for pursuing distributed microgrids. The article aptly described these as self-powered islands of solar power, batteries, and backup generation that could provide electricity during grid outages. If only we had these during Ida. Executive director Logan Atkinson Burke shared how this was frustrating. “Had we taken the time and initiative to plan for distributed generation, distributed solar-plus-storage, and more energy efficiency, people would be more prepared to shelter safely and comfortably,” Burke said. “We’ve been advocating for microgrids to be built within the city for years for precisely this reason.”
Here’s Why Entergy Doesn’t Want Distributed Energy
The problem is Entergy’s long-standing opposition to distributed energy. The utility has consistently opposed including local renewable energy and energy storage in its own plans. Utilities also get an incentive when they convince regulators to approve large power plants instead of enabling customer-sited distributed energy such as rooftop solar. The article pointed out that vertically integrated utilities such as Entergy are paid a guaranteed rate of return on capital investments, including power plants. Self-supplied customer energy reduces the revenue and profits Entergy and other utilities earn from selling electricity.
It’s all about money, profits, and greed. They make more money from weakening our defenses against disasters such as Ida than they would from strengthening them. And we, the people, end up paying the price. And our government readily caters to this greed. Not just Louisiana’s — this trend is seen elsewhere as well.
Car dealerships in Connecticut, for example, lobby legislatures to prevent Tesla and Rivian from coming to their state and opening a sales center. This hurts the economy, but they do it anyway. It’s all about greed, money, and profits.
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The Stripe logo on a smartphone with U.S. dollar banknotes in the background.
Budrul Chukrut | SOPA Images | LightRocket via Getty Images
Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.
The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.
A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.
McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”
“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.
In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.
Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.
In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies.
Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.
WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal
Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.
Rivian R1S and R1T upgrade deal offers up to $6,000
Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.
After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.
Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.
With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.
Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:
- Tri with Max battery: $6,000 USD / CAD 8,600
- Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
- Dual with Max battery: $3,000 USD / CAD 4,300
The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.
After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”
Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.
The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.
Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.
Electrek’s Take
Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.
Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.
Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.
Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.
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