Switched On Bloomberg

With a quarter of offshore wind project deals having been canceled in the US this year, the Biden administration’s target of having 30 gigawatts of installed capacity by 2030 is looking even further out of reach. But why are developers coming under so much pressure and are these strains also being felt onshore?

On today’s show, Dana sits down with Chelsea Jean-Michel and Atin Jain from BloombergNEF’s wind team. Together, they discuss the impact of inflation and interest rate hikes on US offshore wind projects, why some developers are allowed to re-bid on contracts they’ve canceled, and also why Texas is a bright spot for the rollout of onshore turbines.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

Global Wind Market Outlook 2H 2023 - https://www.bnef.com/insights/32859?context=eyJxIjoib25zaG9yZSIsImNvbnRlbnRUeXBlIjoiaW5zaWdodCIsInJlZ2lvbiI6W10sInNlY3RvciI6WyIyZDYzN2FhODQxMTJiOTg4Il0sImF1dGhvciI6W10sImluc2lnaHQtdHlwZSI6W119

Offshore Wind Market Outlook 2H 2023: Ramp-Up Delayed - https://www.bnef.com/insights/32797
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The US has historically lagged behind mainland China and Europe for electric vehicle ownership, but is this about to change? If you believe GM and Ford, who cite falling demand for the delaying of their near-term EV sales targets, the logical answer would be no. But here at BloombergNEF, we’ve been crunching the numbers and what they show is not only are US sales of battery-electric cars rising, they are poised to cross the 1 million mark this year.

On today’s show, Corey Cantor from BNEF’s EV team returns to talk with Dana. Together they discuss how the Inflation Reduction Act has supercharged the US market, whether red or blue states have the highest EV uptake, and whether Rivian can cross the ‘EV valley of death’ to scale from a startup to mass production.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

Rivian’s Path Through ‘EV Valley of Death’ Looking Clearer - https://www.bnef.com/insights/32741

US Annual EV Sales Close In on 1 Million All-Electric Cars - https://www.bnef.com/shorts/s3va1ydwx2ps01?context=eyJjb250ZW50VHlwZSI6InNob3J0IiwicmVnaW9uIjpbXSwic2VjdG9yIjpbXSwiYXV0aG9yIjpbIjQwNjI3Il19

US EVs Hit 1 Million Annual Sales - With Time to Spare - https://www.bnef.com/shorts/s20elht0g1kw01?context=eyJjb250ZW50VHlwZSI6InNob3J0IiwicmVnaW9uIjpbXSwic2VjdG9yIjpbXSwiYXV0aG9yIjpbIjQwNjI3Il19

EV Sales Speed Past the 10% Tipping Point in 10 US States - https://www.bnef.com/shorts/s1p7zydwx2ps01?context=eyJjb250ZW50VHlwZSI6InNob3J0IiwicmVnaW9uIjpbXSwic2VjdG9yIjpbXSwiYXV0aG9yIjpbIjQwNjI3Il19

Biden States Faster to Adopt EVs But It’s Not All Politics - https://www.bnef.com/shorts/s1nv4tt0g1kw01?context=eyJjb250ZW50VHlwZSI6InNob3J0IiwicmVnaW9uIjpbXSwic2VjdG9yIjpbXSwiYXV0aG9yIjpbIjQwNjI3Il19
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It’s a good news, bad news situation for solar right now. On the one hand, annual installations are continuing to break records, with China set to build almost as much solar this year as the entire world rolled out in 2022. But on the other hand, the industry is suffering from a supply glut, weighing on the prices and margins of module makers. What is driving China’s boom and will the global momentum continue? Are there any underestimated threats to growth beyond grid bottlenecks?

On today’s show, Dana sits down with Jenny Chase, lead solar analyst at BloombergNEF. Together, they discuss the latest outlook for solar, the onshoring of US production and whether its modules can be competitive against cheaper foreign producers, and the role solar can play in ambitions to triple global renewables capacity by the end of the decade.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

Global PV Market Outlook, 4Q 2023 - https://www.bnef.com/insights/32793
See omnystudio.com/listener for privacy information.

Large power transformers, or LPTs for short, are integral for the functioning of the energy grid. But with BloombergNEF forecasting that the US will need to nearly double its units by 2030, will the country manage to meet the demand, or could it be facing further bottlenecks?

On today’s show, Dana sits down with Eva Gonzalez Isla from BNEF’s modeling team. Together, they discuss what large power transformers are and what they do, US government policy and whether it has been aiding or hampering production, and the countries that are making up for a shortfall in the US’s transformer production capacity. Today’s episode draws from the BNEF research note US Risks Power Transformer Supply Gap Becoming a Chasm.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

US Risks Power Transformer Supply Gap Becoming a Chasm - https://www.bnef.com/insights/32571
See omnystudio.com/listener for privacy information.

Investment in carbon capture and storage is skyrocketing. Last year, the technology attracted some $6.4 billion globally, more than double the year before. But why are industries now looking to Carbon Capture and Storage (CCS) to cut down on their carbon emissions, rather than other, better-established methods?

On today’s show, Dana sits down with Allen Tom Abraham and Anastasia Tomasidou from BNEF’s Sustainable Materials team. Together, they take a look at the various sectors that are utilizing CCS technology, methods of carbon capture and storage and potential bottlenecks in the existing system, and the role that policy plays in the expansion of CCS across the globe.

Today’s episode draws from the BNEF research note CCUS Market Outlook 2023.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

CCUS Market Outlook 2023 - https://www.bnef.com/insights/32621
See omnystudio.com/listener for privacy information.

Oil and gas majors have long stated their intention to diversify away from fossil fuels and move toward clean energy production. However, in the last few years, many have wound back these plans, shooting for less ambitious targets or returning to their traditional business models. Against this backdrop, can climate-conscious investors hold major fossil-fuel companies to account? 

On today’s show, BNEF Sustainable Finance analyst Ryan Loughead hosts a conversation on oil and gas investment with panelists Annika Brouwer, Sustainability Specialist at Ninety One Asset Management; Ronan Hodge, Technical Lead from the Glasgow Financial Alliance for Net Zero (GFANZ); Thina Saltvedt, Chief Analyst in Sustainable Finance at Nordea Bank; and Peter Taylor, Corporate Engagement Programme Director for the Institutional Investors Group on Climate Change (IIGCC). Together they discuss the different approaches of asset managers who keep oil and gas investments on their books, the challenges around divesting from fossil-fuel holdings, and the varying strategies of oil and gas majors themselves.

Today’s episode was recorded live at BNEF Summit London. To learn more about BNEF’s Summits and to listen to more interviews, please visit https://about.bnef.com/summit/.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.
See omnystudio.com/listener for privacy information.