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BATTERY PRICE DROPS HINT AT DEMAND SHORTFALL: The price of batteries used in electric vehicles and energy storage dropped 10% in August, according to a new report from the market research firm TrendForce, with further declines expected through the fall that could force EV makers to decide between the alternatives of either dropping their car prices or slowing manufacturing.
According to the most recent data from Cox Automotive, U.S. dealers have more than 92,000 unsold EVs in stock—roughly three times the supply last year. Welcome to Daily on Energy, written by Washington Examiner Energy and Environment Writers Breanne Deppisch and Nancy Vu . Email [email protected] or [email protected] for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
"Announcements for domestic module manufacturing have exploded, promising more stable solar module supply in the future. Now the challenge becomes implementation," Michelle Davis, head of global solar at Wood Mackenzie, told Reuters. More on that here. Surging energy demand “threatens to cause loss of power to homes and local businesses in the areas that may be affected by curtailments, presenting a risk to public health and safety,” DOE stated in its order.
“If the EPP and S&D have lost ground, we have to ask ourselves why. Why have we stopped talking to our businesses? Have we not placed being climate ambitious as not being mutually exclusive with economic growth?” Metsola told the FT. NATURAL GAS PRICES JUMP ON STRIKES AT AUSTRALIAN LNG PLANTS: The commencement of labor strikes at Chevron natural gas plants in western Australia had prices at the Dutch TTF hub jumping as much as 10% this morning, as traders reckoned with the drop in supply.
The issue of permitting reform became relevant during Thursday’s hearing, when DOE deputy secretary David Turk suggested that the federal government should be taking advantage of AI to possibly speed up the process of permitting for energy projects.
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