New York Cancels Contracts With Three Offshore Wind Projects

1.) NYISO launches pioneering program to integrate DERs into wholesale electric markets, requiring minimum size of only 10 kW. Move is in line with FERC Order 2222 but far lower than FERC minimum of 100 kW aggregations.

2.) New York cancels contracts with three offshore wind projects totaling almost 4,000 MW, blaming GE for not delivering 18 MW turbine all three projects were planning to use and sticking w/14-15 MW platform. 

3.) For developers, smaller machines equals higher developments costs, including more foundations, turbines, and connecting transmission cables. Offshore wind project costs have soared 60 percent between 2021 and 2024. 

4.) Data center company Equinix will work with modular nuclear start-up Oklo to develop multiple 15-MW reactors to supply hundreds of megawatts of energy to power future data centers. Per an SEC filing for Okolo’s SPAC company AltC, Equinix has pre-paid $25 million, as described in an LOI to buy between 100 and 500 MW from Oklo.

5.) Nissan accelerating all-solid-state EV battery, kicking off a pilot production line at Yokohama plant. The company plans to include the new tech in multiple models y 2028, offering twice the range for the same volume and weight, and charging in one-third the time.

6.) GM offers bi-directional charging with Silverado pick-up that can supply home with power. GM Energy’s V2H bundle includes equipment for bi-directional flows, with stationary energy storage and solar integration to be added later in 2024. First up in GM’s vehicle line-up will be the 2024 Chevrolet Silverado, with additional Ultium-based EVs added through 2026.