Daily on Energy: Europe’s worst fears realized?

TESLA SHAKE-UP IN EUROPE: Tesla indicated it is pulling back plans to manufacture battery cells at a plant in Germany because of the generous subsidies in Democrats’ green energy and health care spending law.

The economics have since changed big-time due to the IRA’s conditional subsidies for consumer clean vehicles purchases, which advantage EVs sold with batteries made in North America. The law also subsidizes battery manufacturing itself via the advanced manufacturing production credits. President Ursula von der Leyen announced the European Commission’s own green industrial proposal in response to the IRA. It broadly provides for faster regulatory approvals and additional public financing for green technologies, although some member countries oppose provision of additional subsidies.

The NTSB said its investigators did return to the site of the derailment earlier this week to examine each hazardous material tank car, document damage, and secure evidence for laboratory analysis. Buttigieg tours: Transportation Secretary Pete Buttigieg, targeted for recriminations over the crash by both right and left, visited East Palestine this morning, after weeks of taking flak for not coming to the site of the crash.

“As we see more extreme weather, we're beginning to see more issues related to load shed,” Michelle Bloodworth, president and CEO of coal-fired power industry group America’s Power, which commissioned the study. Bloodworth said it shows the importance of “maintaining a diverse set of resources but also ensuring we have resources with adequate on site fuel,” which can be controlled.

“The industry has not learned the most important lesson from Winter Storm Uri, which is that if we continue to retire the existing fossil fuel fleet, especially coal … the problems that we have in every winter storm are going to get worse and worse,” Schwartz told Jeremy. “These events never used to happen to the electric power grid.”

"We see Russia and Ukraine very high on the agenda in the meeting between [Scholz and Modi],” Ackermann said. “It will be a very important part of the agenda.”

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