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Climate

AM Briefing: A Deadline Blown​

On the delayed Vineyard Wind 1 project, modular nuclear reactors, and America's sinking cities

Briefing image.
AM Briefing: BYD vs. Tesla
Heatmap Illustration/Getty Images

Current conditions: Parts of northern France are flooded after Storm Henk • China confirmed 2023 broke extreme heat records • A California-bound ship carrying 800 metric tons of lithium batteries is stuck in Alaska, riding out a major winter storm.

THE TOP FIVE

1. Tesla and Rivian release Q4 sales numbers

Tesla and Rivian yesterday reported their production and sales figures for the final three months of 2023: Tesla delivered 484,507, besting expectations. Rivian, a newcomer still trying to secure itself a foothold in the market, delivered 13,972 cars over the same time period, missing estimates by a hair. “The two companies’ numbers serve as snapshots of both the promise and peril of auto electrification as we roll into 2024,” writes Matthew Zeitlin at Heatmap. Tesla, having been overtaken by BYD in the global EV market, must now focus on scaling beyond the early EV adopters. Rivian, however, is at a very different stage, Zeitlin says: “not the early days of using investor money to develop a new vehicle, but the next stage, where you have an actual car to sell but you have to figure out a way to make money doing it.”

2. Vineyard Wind 1 project misses 2023 grid deadline

One of America’s first large-scale offshore wind farms missed its deadline to start supplying energy to the grid by the end of 2023. The Vineyard Wind 1 project is situated about 15 miles south of Martha’s Vineyard and will eventually consist of 62 turbines that can power more than 400,000 homes and businesses in Massachusetts. Its first five turbines have been installed, and things were looking good for a December 31 launch. But at the very last minute a spokesperson said the project needed more testing. No timeline was given but the spokesperson said the goal was to “deliver power to shore soon.” The project was supposed to be fully operational by the middle of 2024 but developers have now “clarified” that the timeline is sometime within 2024. In December, the South Fork Wind project in New York became the first utility-scale offshore wind farm to generate power in the U.S.

3. U.K. fossil fuel electricity generation drops to 66-year low

The amount of the United Kingdom’s electricity that came from fossil fuels dropped by 22% last year to the lowest level since 1957, according to CarbonBrief. Electricity from coal, oil, and gas peaked in 2008 but has since plummeted thanks to the rapid expansion of renewables like wind and solar, a drop in electricity demand, and a boost in electricity imports. Coal use is down 97% since 2008; gas is down by 45%. Meanwhile, renewables output has increased six-fold, and last year renewable energy was the UK’s single largest source of power. “Overall, the electricity generated in the UK in 2023 had the lowest-ever carbon intensity,” CarbonBrief concludes.

On the flip side, UK power generation from nuclear plants dropped to a 42-year low last year as old stations were decommissioned. Without more nuclear power to fall back on during cloudy or wind-free days, the country may have to rely more on fossil fuels, explains Bloomberg.

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  • 4. Wyoming carbon removal project would rely on small modular nuclear reactors

    A major carbon removal project planned for Wyoming would rely on small modular nuclear reactors – a new kind of nuclear power plant that has never been built in the U.S. – prompting concerns about its feasibility, reports E&E News. Climate tech startup CarbonCapture recently received more than $10 million from the Department of Energy to explore plans for a direct air capture hub in Wyoming, dubbed “Project Bison.” Scientists say removing carbon from the air is necessary to help fight global warming. Small modular reactors could, in theory, provide carbon capture facilities with emissions-free power, but the nation’s first small modular reactors were axed last year as costs spiraled out of control. “It adds complication upon complication,” says Wil Burns, co-director of American University’s Institute for Carbon Removal Law and Policy. “You’re starting off with a complex new technology, and now you’re trying to wed another complex technology, including one that’s in transition.”

    CarbonCapture

    5. Study: Major East Coast cities are sinking

    New research from Virginia Tech and the U.S. Geological Survey finds that major cities on the East Coast – from New York to Virginia Beach – are sinking. The team analyzed satellite data to spot land subsidence and found that some areas are sinking by as much as 5 millimeters per year. This subsidence, when combined with sea level rise caused by climate change, means essential structures like roads to airports are at risk in many major U.S. cities. “The problem is that the hotspots of sinking land intersect directly with population and infrastructure hubs," says lead author Leonard Ohenhen.

    THE KICKER

    If you’re a journalist seeking comment on last year’s record temperatures, look no further than climate scientist Andrew Dressler’s “last year was hot” auto-response:

    X/AndrewDressler

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    Climate

    Careful With That Wild-Caught Tuna

    The Trump administration’s rollback of coal plant emissions standards means that mercury is on the menu again.

    A skull and a tuna.
    Heatmap Illustration/Getty Images

    It started with the cats. In the seaside town of Minamata, on the west coast of the most southerly of Japan’s main islands, Kyushu, the cats seemed to have gone mad — convulsing, twirling, drooling, and even jumping into the ocean in what looked like suicides. Locals started referring to “dancing cat fever.” Then the symptoms began to appear in their newborns and children.

    Now, nearly 70 years later, Minimata is a cautionary tale of industrial greed and its consequences. Dancing cat fever and “Minamata disease” were both the outward effects of severe mercury poisoning, caused by a local chemical company dumping methylmercury waste into the local bay. Between the first recognized case in 1956 and 2001, more than 2,200 people were recognized as victims of the pollution, which entered the population through their seafood-heavy diets. Mercury is a bioaccumulator, meaning it builds up in the tissues of organisms as it moves up the food chain from contaminated water to shellfish to small fish to apex predators: Tuna. Cats. People.

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    Blue
    AM Briefing

    Wall Street's War Anxiety

    On Qatari aluminum, floating offshore wind, and Taiwanese nuclear

    Wall Street traders.
    Heatmap Illustration/Getty Images

    Current conditions: Upstate New York and New England are facing another 2 inches of snow • A heat wave in India is sending temperatures in Gujarat beyond 100 degrees Fahrenheit • Record-breaking rain is causing flash flooding in South Australia, New South Wales, and Victoria.

    THE TOP FIVE

    1. Clean energy stocks aren’t seeing a boost yet from the war in Iran

    The war with Iran is shocking oil and natural gas prices as the Strait of Hormuz effectively closes and Americans start paying more at the pump. “So despite the stock market overall being down, clean energy companies’ shares are soaring, right?” Heatmap’s Matthew Zeitlin wrote yesterday. “Wrong. First Solar: down over 1% on the day. Enphase: down over 3%. Sunrun: down almost 8%; Tesla: down around 2.5%.” What’s behind the slump? Matthew identified three reasons. First, there was a general selloff in the market. Second, supply chain disruptions could lead to inflation, which might lead to higher interest rates, or at the very least slow the planned cycle of cuts. Third, governments may end up trying “to mitigate spiking fuel prices by subsidizing fossil fuels and locking in supply contracts to reinforce their countries’ energy supplies,” meaning renewables “may thereby lose out on investment that might more logically flow their way.”

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    Red
    Energy

    Oil Is Surging. Clean Energy Stocks Are Down Anyway.

    The attacks on Iran have not redounded to renewables’ benefit. Here are three reasons why.

    A graph, Iran, and solar panels.
    Heatmap Illustration/Getty Images, Library of Congress

    The fragility of the global fossil fuel complex has been put on full display. The Strait of Hormuz has been effectively closed, causing a shock to oil and natural gas prices, putting fuel supplies from Incheon to Karachi at risk. American drivers are already paying more at the pump, despite the United States’s much-vaunted energy independence. Never has the case for a transition to renewable energy been more urgent, clear, and necessary.

    So despite the stock market overall being down, clean energy companies’ shares are soaring, right?

    Keep reading...Show less