Shipping decarbonization sinks

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

ELECTRIC VEHICLES

• “My top three priorities are U-S-A”: Hyundai plows ahead with investing in its Georgia factory despite an immigration raid last month as it looks to expand its presence in the U.S. (New York Times)

• General Motors ends production of an electric van in Canada, citing low demand and the termination of U.S. tax credits. (Barron’s)

• Uber is rebranding its Uber Green option to Uber Electric, and will provide $4,000 grants for some drivers to buy EVs. (Axios)

OFFSHORE WIND

• US Wind says it could face bankruptcy if it’s not able to build its Maryland Offshore Wind project, which is already facing opposition from the Trump administration and Ocean City. (4C Offshore)

• A joint venture between BP and JERA announces it will not proceed with Beacon Wind, a planned 1.2-gigawatt wind farm off the Massachusetts coast: ​“We see no viable path.” (Maritime Executive)

• Trump administration attacks on offshore wind are costing shipbuilders and port operators who were counting on a new wave of industry investment. (Reuters)

STORAGE

• Battery storage company Eos Energy announces plans to invest $353 million to relocate its headquarters from New Jersey to Pittsburgh, and expand its operations in Pennsylvania. (WESA)

CLEAN ENERGY

• Another four clean energy manufacturing projects totaling $1.6 billion in new investments were canceled in the U.S. in September. (E2)

FOSSIL FUELS

• Global coal use hit a record high last year, elevating doubts that the world will meet emissions reduction goals by 2050. (The Guardian)

• Rising exports and a lack of pipeline capacity has raised the price of natural gas, incentivizing utilities to fall back on coal instead. (Politico)

GRID

• Grid operator ISO New England has launched an interconnection study for a group consisting of 21 battery storage, two solar, and three wind projects, including the proposed 1.2-gigawatt SouthCoast Wind 1 development. (Utility Dive)

• Michigan’s transmission grid will benefit from a recent $1.6 billion federal loan guarantee for AEP, though the fate of $14 billion more in loan guarantees promised by the Biden administration to upgrade DTE Energy’s and Consumers Energy’s grid is uncertain. (MLive)

SOLAR

• Texas-based startup Janta Power raises $5.5 million in seed money for its three-dimensional solar tower systems, which it says allow for three times more capacity per acre than traditional solar panels. (Dallas Innovates, Inside Climate News)

NEW FROM CANARY

• Can cargo shipping stay the course toward cleaner fuels? — Maria Gallucci

• Rondo Energy turns on first major thermal battery — at an oil field — Jeff St. John

• Electra announces deals with Meta, Nucor to scale its clean-iron tech — Maria Gallucci

• The startup trying to make​‘DIY’ home batteries happen — Jeff St. John