“… our legislative leaders think that the answer to overcoming renewable subsidies is to give subsidies to everyone else.” (- Bill Peacock, below)
Subsidized wind and solar power–dilute, intermittent, and fragile–wounded the Texas grid (ERCOT, covering 90 percent of the state), resulting in the greatest blackout in the history of U.S. electricity in February 2021. With the tricked grid continuing to attract inferior energies, Texas politicians have tried to wrong a wrong into a right. Instead of halting the cancers in the system (wind, solar, and battery investments), the Republicans are now subsidizing new capacity from natural gas technologies as well as nuclear fission.
New nuclear plants are a real stretch, but Texas can lose a few billion taxpayer dollars, right? The bad news from Texas is that the legislature is planning to increase spending by $48 billion with only $6 billion going to property tax relief.…
Continue Reading“Since its 2009 formation under Obama, ARPA-E within the U.S. Department of Energy has awarded about $4.2 billion to some 1,700 energy projects. The latest nuclear revival continues a long string of starts-and-stops for a technology that has been more promise than performance.”
Energy Secretary Chris Wright and the White House appear to be headed for a clash on major DOE spending programs, including the agency’s Loan Programs Office and the main research arm, Advanced Research Projects Agency-Energy (ARPA-Energy).
Last week, DOE earmarked another $57.8 million in federal money to the Palisades nuclear plant resurrection in Michigan, part of a $1.52 DOE billion loan to Holtec International for the project.
Since DOE’s Loan Programs Office approved the deal last September, the agency has doled out almost $96 million for the restart of the 805-MW reactor that shut down in 2022, starting with $38 million this January.…
Continue Reading“Tomlinson is angry and sarcastic. His worldview is losing intellectually, politically, and business-wise. Is it time for him to retire and happily live off his spouse’s (ill-gotten) renewable energy riches?”
The “existential crisis” climate narrative is in meltdown. Houston solar leader John Berger has resigned, his 12-year-old company (Sunnova) positioned for bankruptcy. Other solar and wind stocks are tanking, and offshore wind is out of play. Battery and EV firms are regular restructuring news.
Climate activists find themselves out of taxpayer monies. The U.S. Department of Energy, Department of Interior, and Environmental Protection Agency are implementing President Trump’s “none-of-government” climate policy, reversing Podesta-Biden-Harris climate alarmism and the budget-busting Inflation Reduction Act.
But there is one fossil-fuel-despising business editorialist who is wed to the Climate Industrial Complex, not to mention a multi-millionaire renewables executive (thanks to your tax money).…
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