- The oil markets shrugged off the historic meeting between President Trump and North Korean dictator Kim Jong Un. Both sides hailed the summit as a breakthrough, with a pledge towards denuclearization, but as expected, there was a lack of even the most basic details on how they might get there. Oil was flat at the start of Tuesday. [OilPrice.com]
- Chinese battery heavyweight CATL looks to invest up to €1 billion into a new battery factory in Germany, according to a report from Bloomberg. The move would put one of the largest plug-in vehicle battery manufacturers right in the backyard of Germany’s luxury automotive makers, including BMW, Daimler, Volkswagen, and Porsche. [CleanTechnica]
- In the last two months, India has seen 2.5 GW of wind tenders completed at record low tariffs at or slightly below $37/MWh, and the Indian Energy Minister increased India’s renewable goal from 175 GW to 227 GW by 2022. Meanwhile, the largest import coal plant in India, the relatively new 4.6-GW Mundra facility, sits idle, unable to compete. [RenewEconomy]
- Bailing out nuclear and coal-fired power plants will not help toughen the US power grid against cyber attacks as the Trump administration claims, according to cyber experts. Hackers have a wide array of options for hitting high-profile targets such as electric infrastructure and nuclear facilities. The ability to store fuel is not relevant. [Reuters]
- Federal Energy Regulatory Commission members criticized President Trump’s order to prevent the closing of financially struggling coal and nuclear plants. Republican FERC Chairman Kevin McIntyre dismissed claims that the reliability of the grid is at immediate risk because of planned coal and nuclear plant closures. [Washington Examiner]
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Source: Green Events
June 13 Green Energy News