Sustainability, Energy Transition, ESG

At The Flick of A Switch – Or Maybe Not; Why Power Is Causing Industrial Headaches
February 2, 2024
Companies Mentioned:
Methanex, Nel, Plug Power, Tesla
Commodities Mentioned:
Methanol, Ammonia, Hydrogen, Lithium, Carbon
Subjects Covered:
Recycling, Renewables, Carbon Capture, Emissions, New Energy, Hydrogen, ESG Investing, Climate Litigation, Clean Fuels

C-MACC Weekly Sustainability and Energy Transition Report

At The Flick of A Switch – Or Maybe Not; Why Power Is Causing Industrial Headaches

  • 1st Topic of the Week: Finding A Power Solution – Power is shaping up to be a much larger headache for industrial companies than many imagined – cheap, useable power is often not close to where it is needed – could we see industrial developments chase sources of cheap power – possibly. The timing of needs is also complicated.
  • 2nd Topic of the Week: Money’s Too Tight – Public and private funding of energy transition is shrinking, and this is penalizing small companies where the innovation investment is most needed. We do not see a change in 2024.
  • Otherwise – We look at chemical recycling, collapsing European carbon prices, rising costs of shorter-term PPAs, geothermal power, EV stagnation, and LNG.

Exhibit 1: The US States with the highest portion of renewable energy do not have high concentrations of industry.

Source: Motley Fool/EIA, C-MACC Analysis, February 2024


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