Tesla’s growing global challenges

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

• Tesla faces more challenges as Chinese EV company BYD reports annual revenue that exceeded the U.S. company’s, and as its market share continues to fall in Europe. (CNN, Reuters)

• Hyundai announces a $21 billion investment in U.S. steel and EV manufacturing, just as its EV ​“metaplant” in Georgia officially opens. (CNBC, Savannah Morning News)

• A report finds the Southeast leads the U.S. in capturing 31% of announced EV and battery-related jobs and 38% of private-sector investments in the industry. (Southern Alliance for Clean Energy)

POLITICS

• Clean energy companies, trade associations, and other industry stakeholders are heading to Capitol Hill this week to continue lobbying to preserve Inflation Reduction Act tax credits. (Heatmap)

• Lane Genatowski, the head of ARPA-E under Trump’s first term and a longtime financial executive, will now reportedly head the DOE’s Loan Programs Office. (Latitude Media)

EFFICIENCY

• The DOE withdraws energy efficiency standards for electric motors, ceiling fans, dehumidifiers, and external power supplies in a move that could trigger legal challenges. (E&E News)

PIPELINES

• Six Great Lakes tribes are no longer cooperating with the federal environmental review process for a Line 5 tunnel in the Straits of Mackinac, claiming that the Army Corps of Engineers is expediting the plan’s approval based on President Trump’s energy emergency declaration. (Milwaukee Journal Sentinel)

GRID

• MISO proposes a series of new market participation rules for demand response resources to prevent fraud and market manipulation following a series of federal enforcement actions against companies. (Utility Dive)

• Transmission constraints have partially protected revenues for utilities with fossil fuel generation by limiting new competitors looking to deploy renewables, according to a University of Michigan researcher. (PV Magazine)

• Schneider Electric announces plans to invest $700 million in U.S. business through 2027, with a focus on energy infrastructure that helps meet new power demand from AI and manufacturing. (Reuters)

CLIMATE

• The U.S. Supreme Court declines to hear Oregon youth’s climate lawsuit accusing the federal government’s fossil fuel-friendly policies of violating their constitutional rights, ending the decade-long case. (Associated Press)

NUCLEAR

• The DOE re-issues a $900 million solicitation to support small modular reactor deployment, saying it aligns with President Trump’s goal to ​“unleash American energy.” (news release)

• Commonwealth Fusion Systems, one of the most well-funded nuclear fusion startups, says it hit a key construction milestone for its reactor, which it aims to turn on by 2027. (TechCrunch)

COMMENTARY

• Clean energy tax credits and other incentives included in Biden’s climate package have largely benefitted Republican states that lead the nation in solar and wind energy, writes a former GOP Congress member. (C-Change Conversations/​Invading Sea)