Energy transition themes for 2024; renewables financing to continue apace

THE PODCAST

In this episode of Energy Evolution, hosts Dan Testa and Taylor Kuykendall dive into the latest trends in the energy transition and their impact on the energy and mining sectors as we kick off 2024. Joining them are correspondents Camilla Naschert and Camellia Moors, who share their insights on the rapidly changing landscape of energy production and consumption.

➤ Listen in to Energy Evolution crew previews energy transition themes to watch for in 2024 on Apple Podcasts, Spotify and other podcast platforms.

TOP NEWS

European offshore wind set for pivotal 2024 as auction road map nears 50 GW

European nations will undertake about 50 GW of new offshore wind auctions in 2024, according to an analysis by S&P Global Commodity Insights, as governments double down on their efforts to meet 2030 renewables targets.

New nuclear development moves 2 steps forward, 1 step back in 2023

While the nuclear industry reached key milestones in 2023 toward a goal of launching a new generation of advanced reactors in North America, the cancellation of a key project has skepticism mounting for the role nuclear technology will play in the clean energy transition.

Hydrogen developers hope funding support will unlock financing queue in 2024

The nascent European clean hydrogen market has faced significant challenges in the last 12 months, but observers say conditions are now in place for more green-lit projects — even as the sector faces higher capital costs and supply chain disruptions.

Renewables financing poised to overcome interest rates, project delays in 2024

US renewable energy project financing will continue apace in 2024 as developers and banks adapt to higher costs, supply chain-related delays and evolving funding models.

'Call to action' on virtual power plants resonates across US grid

Entering 2024, calls are growing louder to orchestrate such isolated small-scale assets into vast remote-controlled fleets, often referred to as virtual power plants, as essential instruments of the US energy transition.

CHART SPOTLIGHT

Industry executives see 2024 as a pivotal year in getting the sector back on track in Europe after multiple setbacks in 2023, when developers grappled with supply chain issues and the realities of higher project costs.

GREEN POWER

Spanish fund manager sees window to invest after €2.4B renewables fundraise

Pattern Energy secures $11B for Southwest wind, transmission project

Efforts to develop wind projects off US West, Gulf coasts intensify

First Solar, Broadwind race to secure advanced manufacturing tax credit

BATTERIES & STORAGE

Masdar to develop 2-GW wind farm in Uzbekistan, boost battery storage

Neoen breaks ground on 113-MWh battery storage project in Finland

LISTEN IN

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HYDROGEN & GAS

TVA adds 750 MW of new gas units at Paradise plant in Kentucky

Xcel Energy proposes RNG, hydrogen pilots in 1st Minn. gas innovation plan

CARBON & CAPITAL

Louisiana wins federal approval to regulate its own carbon storage projects

FERC greenlights Trailblazer Pipeline conversion from gas to CO2 transportation

DATA POINT

ELECTRIFICATION & GRID

National Grid, Energinet commission 1.4-GW interconnector between UK, Denmark

Experts differ on impact of Southwest surge in wind generation, wires capacity

FERC authorizes financial risk incentive for NY offshore wind transmission line

METALS & MINING

US EV policy likely to give free trade agreement nations a lift

US, Canada lithium prospects likely to advance in 2024 despite headwinds

American Midwest's potential for green steel needs clean energy, innovation

SUPPLY CHAIN

China unlikely to be dethroned as leading solar manufacturer – industry veteran

2nd shareholder suit filed against NuScale after nuclear project is canceled

Startups say wood is answer to wind industry's recyclability problem

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