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Economy

A Quick Roundup of This Week’s DOE Funding News

On solar panel factories, heat pumps, and grid resilience

A Quick Roundup of This Week’s DOE Funding News
Heatmap Illustration/Getty Images

Current conditions: Japan has issued its first-ever “megaquake” caution after a temblor rattled its southern coast yesterday • The remnants of Tropical Storm Debby could bring tornadoes to the Mid-Atlantic and Northeast • India’s record heat has been mentioned at least 80 times in quarterly earnings calls.

THE TOP FIVE

1. Solar panel company Qcells secures $1.45 billion DOE loan

The Biden administration announced yesterday a conditional commitment for a loan guarantee of up to $1.45 billion for solar panel maker Qcells to support the construction of the company’s new manufacturing facility in Cartersville, Georgia. The plant would be Qcell’s second in Georgia, but the largest of its kind in the U.S., churning out solar panel components like silicon ingots and wafers, as well as finished solar panels. Its completion will “re-establish critical parts of the domestic solar supply chain and reinforce the United States’ status as a global clean energy leader,” the Department of Energy said in a statement. The plant will create 1,950 jobs, and is expected to make 3.3 gigawatts of panels each year, enough to power half a million homes. And it will be eligible for the IRA’s clean-energy tax credits.

In other government funding news this week, the DOE announced $10.2 million to advance the “cost effective and environmentally responsible” production of critical minerals and materials in the U.S., $85 million to boost domestic heat pump manufacturing, and $2.2 billion to shore up the grid.

2. Glacial dam outburst floods Alaska’s capital

Alaska’s capital of Juneau has been inundated by flooding from a glacial dam outburst this week. More than 100 homes have been damaged in the Mendenhall Valley after the Suicide Basin, which holds meltwater from Suicide Glacier, began to overflow on August 1 and sent water pouring into the Mendenhall River. Climate change is melting glaciers, putting nearby communities in danger. Recent research shows the number of glacial lakes has grown by more than 50% since 1990, and more than 15 million people globally are at risk.

Facebook/Alaska Division of Homeland Security and Emergency Management

3. Canadian nuclear fusion firm gets government backing

Canadian nuclear fusion company General Fusion this week raised about $14.6 million in a Series F funding round from two government agencies, the Business Development Bank of Canada and Canadian Nuclear Laboratories. The injection brings the company’s funding total to more than $320 million, with backers including Jeff Bezos. As Bloombergexplained, General Fusion “uses mechanically driven pistons to compress a cloud of plasma as a means to generate energy,” and the company said this money will help it move toward compressing plasmas at large scale, which is “a key milestone on our path to reach transformational results for commercialization.”

4. L.A. could soon get an air taxi network

California-based eVTOL developer Archer Aviation is planning an “air mobility network” that will bring flying electric taxis to Los Angeles as early as 2026. Customers would be able to skip the L.A. traffic by hopping into one of Archer’s Midnight aircraft and travelling in a matter of minutes to one of the company’s vertiports, which will be located near various popular destinations including LAX, USC, and perhaps the SoFi Stadium. Here’s what the network could look like:

Archer Aviation

The Midnight electric aircraft can carry four passengers at a time and travel at 150 mph. The company recently announced plans for a similar network in the San Francisco Bay Area. Stellantis is planning to help Archer ramp up production of the Midnight aircraft by covering some $370 million in labor-related costs.

5. Study reveals how past volcanic eruptions affected climate, plants

A new study published in the journal Science examines how the Earth’s plants and carbon cycle have responded in the past to climate change caused by huge releases in carbon dioxide from volcanic activity. They find that the severity of the fallout depended on how quickly the Earth could sequester the carbon and remove it from the atmosphere, but also how well plants could adapt to the resulting temperature changes. After past volcanic eruptions, some plant species evolved to survive, some migrated to cooler climates, but others were wiped out entirely. The authors found that damages to vegetation made global warming worse in the past. “This study, in my perspective, serves as a ‘wake-up call’ for the global community,” said co-author Loïc Pellissier, a professor of ecosystems and landscape evolution at ETH Zurich and the Swiss Federal Institute for Forest Snow and Landscape Research. “We are currently releasing greenhouse gases at a faster rate than any previous volcanic event. We are also the primary cause of global deforestation, which strongly reduces the ability of natural ecosystems to regulate the climate.”

THE KICKER

Satellite data suggests deforestation in Brazil’s Amazon rainforest is now at its lowest levels since 2016.

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Q&A

You, Too, Can Protect Solar Panels Against Hail

A conversation with VDE Americas CEO Brian Grenko.

This week's interview subject.
Heatmap Illustration

This week’s Q&A is about hail. Last week, we explained how and why hail storm damage in Texas may have helped galvanize opposition to renewable energy there. So I decided to reach out to Brian Grenko, CEO of renewables engineering advisory firm VDE Americas, to talk about how developers can make sure their projects are not only resistant to hail but also prevent that sort of pushback.

The following conversation has been lightly edited for clarity.

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Hotspots

The Pro-Renewables Crowd Gets Riled Up

And more of the week’s big fights around renewable energy.

The United States.
Heatmap Illustration/Getty Images

1. Long Island, New York – We saw the face of the resistance to the war on renewable energy in the Big Apple this week, as protestors rallied in support of offshore wind for a change.

  • Activists came together on Earth Day to protest the Trump administration’s decision to issue a stop work order on Equinor’s Empire Wind project. It’s the most notable rally for offshore wind I’ve seen since September, when wind advocates protested offshore opponents at the Preservation Society of Newport County, Rhode Island.
  • Esther Rosario, executive director of Climate Jobs New York, told me the rally was intended to focus on the jobs that will be impacted by halting construction and that about a hundred people were at the rally – “a good half of them” union members or representing their unions.
  • “I think it’s important that the elected officials that are in both the area and at the federal level understand the humans behind what it means to issue a stop-work order,” she said.

2. Elsewhere on Long Island – The city of Glen Cove is on the verge of being the next New York City-area community with a battery storage ban, discussing this week whether to ban BESS for at least one year amid fire fears.

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Spotlight

How a Carbon Pipeline Is Turning Iowa Against Wind

Long Islanders, meanwhile, are showing up in support of offshore wind, and more in this week’s edition of The Fight.

Iowa.
Heatmap Illustration/Getty Images, Library of Congress

Local renewables restrictions are on the rise in the Hawkeye State – and it might have something to do with carbon pipelines.

Iowa’s known as a renewables growth area, producing more wind energy than any other state and offering ample acreage for utility-scale solar development. This has happened despite the fact that Iowa, like Ohio, is home to many large agricultural facilities – a trait that has often fomented conflict over specific projects. Iowa has defied this logic in part because the state was very early to renewables, enacting a state portfolio standard in 1983, signed into law by a Republican governor.

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