𝙒𝙝𝙖𝙩 𝙘𝙖𝙪𝙜𝙝𝙩 𝙢𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣? Research from Emily Judd highlighted in the Washington Post concluding that earth’s average temperature is warming at a historically rapid rate (vs the last 485 million years), but from a very low base (earth has typically been much warmer,20C+ at times, over the last half billion years).
𝙒𝙝𝙖𝙩 𝙘𝙖𝙪𝙜𝙝𝙩 𝙢𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣? Orsted has taken a $600 million (4.3 billion Danish crowns) impairment on the 924 MW Sunrise Wind project, located 30 miles east of Montauk, New York, citing delays and increased costs.
𝙒𝙝𝙖𝙩 𝙘𝙖𝙪𝙜𝙝𝙩 𝙢𝙮 𝙖𝙩𝙩𝙚𝙣𝙩𝙞𝙤𝙣? Tailwinds and headwinds highlighted during GE Vernova’s 2024 results call. Specifically, strength in gas fired generation (across a variety of turbine models), headwinds for onshore wind, and medium/long-term excitement for SMRs.
Can the hydrogen industry get going? Finalized 45V tax credit rules clarify what the rules of the game, but, as our team at Enverus Intelligence® Research point out, more (technology progress, market demand, etc.) is likely required for the industry to hit primetime. Check out the post:
The finalized 45V clean hydrogen production tax credit provides clarity and incremental flexibility for electrolytic (green) and methane-derived (blue) hydrogen developers but may still fall short of revitalizing the industry.
• The new regulations permit green hydrogen producers to use retiring nuclear power and suggest greater eligibility for blue hydrogen, but critical details remain unresolved.
• Enverus Intelligence® Research finds delaying the hourly electricity matching requirements to 2030 reduces the levelized cost of green hydrogen by $0.33/kg H₂, lowering it to $3.57/kg H₂ assuming operations begin in 2025.
