EV chargers could take a lesson from gas stations

ELECTRIC VEHICLES: A new study suggests electric vehicle charging station developers can learn from gas stations, which often sell fuel at a loss but make up for it with convenience store sales. (Washington Post)

EMISSIONS:

• While six of the biggest U.S. banks say they’re aiming for net-zero emissions by 2050, some are not taking enough action to meet those goals and others are failing to fully disclose their plans, a Sierra Club report finds. (Utility Dive)
• Global carbon emissions are set to hit their highest levels this year, then start to decline as the world rolls out renewables and electrifies industry, a report finds. (Canary Media)

EFFICIENCY:

• The U.S. Department of Energy announces $43 million for 21 projects focused on electrifying industrial heat, cutting industrial energy use and decarbonizing wastewater treatment. (Utility Dive)
• Building performance standards like those in place in New York City and Boston can help accelerate building decarbonization, according to a new road map from the Sustainable Markets Initiative. (Utility Dive)

HYDROGEN: A Harvard University study finds green hydrogen likely won’t be used outside of niche cases unless its cost drops dramatically. (Axios)

GRID: President Biden announces $612 million for six projects to improve electric grid resilience in hurricane-affected communities. (NPR)

NUCLEAR:

• Georgia Power’s expansion of a nuclear plant cost more than twice its original budget, took 15 years to build and contributed to its original contractors going bankrupt, suggesting a widespread expansion of nuclear power will be costly and take longer than expected. (Floodlight)
• Academic advocates cast doubt on a proposed advanced nuclear reactor under development in Wyoming, saying it will cost far more than other carbon-free energy sources and has a radioactive waste problem. (Casper Star-Tribune)

COAL: Ameren Missouri tomorrow will shut down one of its largest coal plants after more than 13 years of litigation over its failure to comply with federal clean air laws, though advocates say justice has not been fully served. (Missouri Independent)

SOLAR: The opportunity to manage vegetation around a 100 MW Illinois solar project with grazing sheep helped a farmer once skeptical of large renewable energy projects see the benefits of agrivoltaics. (Energy News Network)

CLIMATE:

• The U.S. is on track to see an additional 2.6 degrees Celsius global temperature rise if it does not speed up the clean energy transition and take ​“decisive action” to curb emissions, a Bloomberg report finds. (Utility Dive)
• The double-shot of Hurricanes Helene and Milton fails to move congressional Republicans to address climate change and its contributions to worsening storms. (E&E News)

COMMENTARY: A recent study shows how heat pump water heaters can save money on energy and also provide a storage resource for the grid. (CalNEXT, sponsored)