Energy headlines

** ERCOT on Friday notified power generators in Texas that they need to be online and ready to provide power during an expected wave of cold air that could drop overnight temperatures into the 20s late next week.

** CubicPV Inc., a startup backed by Bill Gates, plans to construct a $1 billion silicon wafer factory for solar panels in the United States by 2025, in an attempt to boost the domestic development of a key component of the solar supply chain that is currently controlled by China.

** Redwood Materials plans to build a $3.5 billion battery materials campus in South Carolina to recycle, refine and remanufacture anode and cathode materials such as nickel, cobalt, lithium and copper.

** Amazon increased its output of plastic waste in 2021 by 18% from the prior year to around 709 million pounds, according to a new report from environmental group Oceana.

** The California Energy Commission approved a $2.9 billion investment plan to install 90,000 new electric vehicle chargers across the state.

** Evergy, Inc. (NYSE: EVRG) announced it will transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, effective as of the opening of trading on Wednesday, Dec. 28, 2022. The last day of trading on the NYSE will be Tuesday, Dec. 27, 2022. Evergy’s common stock will continue to trade under the ticker symbol “EVRG.”

** A carbon pipeline developer and an ethanol plant owner file lawsuits against two more South Dakota counties that seek to halt a proposed project through a moratorium, bringing their total lawsuits up to four.

** Analysts forecast U.S. utility-scale solar installations to drop 40% this year compared to 2021 because of trade barriers and supply chain disruptions reported Utility Dive.



** European Union member states discussed a gas-price cap that’s almost one-third lower than an original proposal as they attempt to break a deadlock over the controversial proposal to contain the impact of a historic energy crisis.

** European gas futures declined amid milder weather and a key European Union meeting aimed at averting extreme price swings once winter gets well under way.

** Ukraine has received a shipment of energy equipment from the Republic of Azerbaijan to support the energy sector, particularly in the oblasts most affected by Russian attacks.

** The global oil market remains tight according to Saudi Aramco, the largest oil producer in the world. And that does not bode well for a world that still relies heavily on fossil fuels.

** Panama probably will move forward this week with an order to cease operations at a giant copper mine unless its Canadian operator agrees to new tax terms, according to a lawyer hired by the government.

** Global coal use is set to increase by 1.2% in 2022, a marginal increase from last year but enough to surpass 8 billion tons for the first time and beat the previous record set in 2013, according to a Friday report from the International Energy Agency, a policy advisory group to 31 member countries.