US To Stockpile Cobalt For First Time In Decades, Columbia Study Sees Risks
US Defense Dept seeking to buy cobalt for first time in decades to stabilize supply chains. Up to 7,500 tons worth $500M being sought from 3 companies.
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The majority of US states use a renewable portfolio standard (RPS) to achieve clean energy targets. RPS programs typically set annual clean energy production levels, but they ignore the significant variations in greenhouse gas (GHG) emissions intensity of the grid at different times of the day and at different locations.
Jigar Shah is trying to use his perch overseeing the department’s Loan Programs Office to help move the multi-headed behemoth that is the U.S. electricity industry into a decarbonized future.
Recent electric power policy decisions in Germany, China, and Texas demonstrate the emerging challenge of preserving capacity adequacy amidst high renewable penetration rates.
Recent congressional legislation has the potential to accelerate the construction of new electricity transmission projects that cross existing electric grid boundaries.
New federal transmission investments will unlock wind and solar projects in Central U.S. and other zones but funding must be spread far wider to meet U.S. climate targets.