Introduction Nel ASA Company Reviews
Nel ASA is a Norwegian company that specializes in producing hydrogen through water electrolysis.
They are a key player in the hydrogen industry and provide hydrogen solutions for various applications, including energy storage, transportation, and industrial processes. Please let me know if you have specific questions about Nel ASA.
Nel ASA History
Nel ASA has a history that spans several decades. Here’s a brief overview of its historical milestones:
1. Origins in Norsk Hydro: The company has its roots in Norsk Hydro, a Norwegian industrial company. Norsk Hydro began researching hydrogen production through water electrolysis in the 1920s.
2. Becoming a Separate Company: In 2013, Norsk Hydro’s hydrogen business was spun off and formed Nel ASA as an independent company.
3. Hydrogen Fueling Stations: Nel ASA played a significant role in the development of hydrogen fueling infrastructure for fuel cell vehicles. They’ve been involved in establishing hydrogen refueling stations in various countries.
4. International Expansion: Nel ASA expanded its presence globally, including in Europe, North America, and Asia, to support the growing demand for hydrogen solutions.
5. Electrolyzer Technology: Nel ASA developed advanced electrolyzer technology, which is used to produce hydrogen from water. Their electrolyzers are used in a wide range of applications, from industrial processes to renewable energy storage.
6. Partnerships and Projects: The company has collaborated with various partners and participated in projects aimed at advancing the use of hydrogen in industries such as transportation, energy storage, and renewable energy integration.
7. Renewable Hydrogen: Nel ASA has been at the forefront of promoting the use of renewable energy sources for hydrogen production, contributing to the green hydrogen industry.
Nel ASA Vision and Missions
Nel ASA’s vision and mission statements reflect their commitment to advancing the hydrogen industry and promoting sustainable solutions. While these statements can evolve over time, here’s a general understanding of their vision and mission:
Vision
Nel ASA’s vision is to be a global leader in the production and distribution of hydrogen as a clean and sustainable energy carrier. They aim to drive the transition to a hydrogen-based society by providing innovative and efficient solutions for a decarbonized future.
Mission
Nel ASA’s mission is typically focused on:
1. Green Hydrogen Production: They are dedicated to producing green or renewable hydrogen, emphasizing the use of electricity from renewable sources for hydrogen production. This mission aligns with the goal of reducing carbon emissions and promoting a more sustainable energy source.
2. Hydrogen Infrastructure: Nel ASA works to establish a comprehensive hydrogen infrastructure, including hydrogen refueling stations for fuel cell vehicles, industrial hydrogen solutions, and on-site hydrogen generation.
3. Global Impact: Their mission includes expanding their global presence to facilitate the growth of the hydrogen economy worldwide. This involves participating in international projects, collaborations, and partnerships.
4. Technological Innovation: Nel ASA aims to advance the development of hydrogen technology, particularly in the field of electrolysis, to make hydrogen production more efficient, cost-effective, and environmentally friendly.
Nel ASA Board of Directors
Here’s a general understanding of how the Board of Directors was structured:
At that time, Nel ASA’s Board of Directors was composed of various members, typically including the Chairman of the Board and several other directors. Some key members from the past may include:
1. Leif Hoegh: He was the Chairman of the Board of Directors for Nel ASA.
2. Other Directors: The composition of the Board typically included individuals with expertise in various fields, such as energy, finance, and industry.
Since the composition of a company’s Board of Directors can change over time, I recommend visiting Nel ASA’s official website or checking recent financial reports for the most up-to-date information on the current members of the Board of Directors.
Nel ASA Company Profiles
Nel ASA is a Norwegian company that is a prominent player in the hydrogen industry. Here’s a company profile of Nel ASA:
Name: Nel ASA
Founded: Nel ASA’s origins trace back to Norsk Hydro’s hydrogen business in the 1920s, but it officially became an independent company in 2013.
Headquarters: Oslo, Norway
Nel ASA Address;
Nel ASA Headquarters:
Drammensveien 260
0283 Oslo
Norway
Industry: Hydrogen and Renewable Energy
Key Areas of Operation
1. Hydrogen Production: Nel ASA is a leading manufacturer of hydrogen production solutions, with a primary focus on water electrolysis. They produce electrolyzers that use electricity to split water into hydrogen and oxygen. This technology is used to produce green hydrogen, especially when powered by renewable energy sources.
2. Hydrogen Fueling Infrastructure: Nel ASA is involved in the development and deployment of hydrogen refueling stations for fuel cell vehicles. They work to create a hydrogen infrastructure that supports clean and sustainable transportation.
3. Industrial Applications: Nel ASA provides hydrogen solutions for various industrial applications, including chemical and petrochemical processes, metal production, and energy storage.
4. Renewable Hydrogen: The company is dedicated to the production of green or renewable hydrogen, which is produced using electricity from renewable sources, such as wind and solar power.
5. Global Reach: Nel ASA has a global presence, with projects and installations in Europe, North America, and Asia, reflecting its commitment to advancing the hydrogen economy worldwide.
6. Technological Innovation: The company is known for its advancements in electrolyzer technology and its contributions to making hydrogen a cleaner and more sustainable energy carrier.
Nel ASA International Collaborations
Nel ASA had been actively involved in international collaborations and partnerships to advance hydrogen technology and solutions.
Here are some examples of Nel ASA’s international collaborations and partnerships:
1. McPhy Energy and Nel ASA Collaboration (Europe): Nel ASA collaborated with McPhy Energy, a French company specializing in hydrogen production and storage, to promote the development and deployment of hydrogen solutions in Europe. The collaboration aimed to strengthen the hydrogen supply chain and support the growth of the European hydrogen market.
2. Nel ASA and Nikola Corporation (North America): Nel ASA entered into a partnership with Nikola Corporation, a U.S. electric truck manufacturer, to develop and distribute hydrogen refueling stations for Nikola’s fuel cell-powered trucks. This collaboration focused on expanding the hydrogen infrastructure in North America.
3. NEL ASA and Iwatani Corporation (Asia): Nel ASA had collaborations with Japanese company Iwatani Corporation to develop and install hydrogen refueling stations in Japan, supporting the growth of the hydrogen mobility market in Asia.
4. NEL ASA and ENGIE (Global): Nel ASA partnered with ENGIE, a global energy and services company, to explore opportunities in the green hydrogen sector, particularly in Europe. The collaboration aimed to advance the production and distribution of green hydrogen.
5. Horizon 2020 Projects (EU Funding): Nel ASA participated in various Horizon 2020 projects funded by the European Union. These projects focused on advancing the use of hydrogen and fuel cell technologies for sustainable energy and transportation.
6. H2Bus Europe (Public Transport): Nel ASA was involved in projects such as H2Bus Europe, which aimed to introduce hydrogen fuel cell buses in various European cities. This was part of efforts to promote clean and efficient public transportation solutions.
Product of Nel ASA
Nel ASA offers a range of products and solutions related to hydrogen production and utilization.
Some of their key products include:
1. Electrolyzers: Nel ASA is known for manufacturing electrolyzers, which are devices that use electricity to split water into hydrogen and oxygen. Their electrolyzer products come in various sizes and capacities to serve different applications, from small-scale hydrogen production to large industrial processes.
2. Hydrogen Fueling Stations: Nel ASA provides hydrogen refueling station solutions for fuel cell vehicles. These stations play a crucial role in the development of hydrogen-powered transportation by providing a convenient and clean energy source for vehicles.
3. Hydrogen Generators: Nel ASA offers on-site hydrogen generators that enable industries to produce hydrogen at the location where it’s needed, reducing the need for transportation and storage of hydrogen.
4. Hydrogen Solutions for Industry: The company provides customized hydrogen solutions for various industrial applications, including chemical processes, metal production, and energy storage. These solutions can help industries transition to cleaner and more sustainable hydrogen usage.
5. Hydrogen Purification and Storage: Nel ASA offers technologies for hydrogen purification and storage, ensuring the quality and availability of hydrogen for various applications.
6. Green Hydrogen Solutions: Nel ASA is committed to producing green or renewable hydrogen by utilizing electricity from renewable sources such as wind and solar power. This contributes to the reduction of carbon emissions in hydrogen production.
Nel ASA International Manufacturer’s
Nel ASA, a Norwegian company specializing in hydrogen technology and solutions, collaborates with various international manufacturers and suppliers to support its operations and projects. These partnerships often involve the sourcing of components and equipment for hydrogen production, distribution, and storage.
Here are some examples of international manufacturers and suppliers that Nel ASA may have worked with:
1. AFC Energy (United Kingdom): AFC Energy is a UK-based company that specializes in alkaline fuel cell technology. They have worked with Nel ASA on hydrogen and fuel cell projects.
2. McPhy Energy (France): McPhy Energy, a French company, is involved in hydrogen production, storage, and distribution. They have collaborated with Nel ASA to advance hydrogen solutions in Europe.
3. Siemens (Germany): Siemens is a global conglomerate with a presence in various industries, including energy. They have been involved in projects related to hydrogen electrolysis and other energy-related technologies.
4. Iwatani Corporation (Japan): Iwatani Corporation is a Japanese company with expertise in gases and industrial equipment. They have partnered with Nel ASA on projects related to hydrogen refueling stations in Japan and other locations.
5. ENGIE (France): ENGIE is a global energy and services company that collaborates with Nel ASA to explore opportunities in the green hydrogen sector, particularly in Europe.
6. Hydrogenics (Canada): Hydrogenics is a Canadian company known for its hydrogen generation and fuel cell products. They have been involved in various hydrogen-related projects and may have worked with Nel ASA.
Future of Nel ASA
The future of Nel ASA, is subject to various factors and developments in the hydrogen and renewable energy industries. Nel ASA is positioned in the growing field of hydrogen production and utilization, which is expected to play a significant role in the transition to a more sustainable and decarbonized energy landscape.
Here are some potential aspects of Nel ASA’s future:
1. Expansion of Hydrogen Economy: Nel ASA is likely to continue benefiting from the growing interest in hydrogen as a clean energy carrier. As more countries and industries invest in hydrogen technologies, the demand for Nel’s products and solutions may increase.
2. Green Hydrogen: The emphasis on green or renewable hydrogen production is expected to rise. Nel ASA’s commitment to using renewable energy sources for hydrogen production aligns with the global shift toward sustainable energy.
3. Hydrogen Infrastructure Growth: The development of hydrogen refueling stations, industrial hydrogen solutions, and on-site hydrogen generation is likely to continue, driven by the increasing adoption of hydrogen in various applications.
4. Technological Advancements: Nel ASA is known for its innovations in electrolyzer technology. They may continue to advance their technology to make hydrogen production more efficient and cost-effective.
5. Global Expansion: Nel ASA has a history of expanding its presence globally. This trend may persist as they seek to address the demand for hydrogen solutions in different regions.
6. Collaborations and Partnerships: Collaboration with other companies, governments, and research institutions is expected to be a key part of Nel ASA’s strategy to promote hydrogen solutions and research.
Nel ASA Stock
Nel ASA (ticker symbol: NEL) is a publicly traded company listed on the Oslo Stock Exchange in Norway. However, stock prices and market conditions can change frequently, and I don’t have access to real-time data.
Nel ASA (ticker symbol: NEL) is a publicly traded company listed on the Oslo Stock Exchange in Norway. However, stock prices and market conditions can change frequently, and I don’t have access to real-time data.
Conclusion of Nel ASA Company Reviews
Nel ASA is a Norwegian company with a significant presence in the hydrogen industry.
It has a history of providing hydrogen solutions for various applications, including transportation, energy storage, and industrial processes. The company’s vision and mission are typically centered around advancing the hydrogen economy and promoting green hydrogen production.
Nel ASA’s product portfolio includes electrolyzers for hydrogen production, hydrogen fueling stations, industrial hydrogen solutions, and more. The company has been actively involved in international collaborations and partnerships to support the growth of the hydrogen industry.
The future of Nel ASA seems promising, given the increasing interest in hydrogen as a clean energy carrier. The company is likely to play a pivotal role in the development of the hydrogen economy, with a focus on green hydrogen production and the expansion of hydrogen infrastructure.
https://www.exaputra.com/2023/10/nel-asa-company-reviews.html
Renewable Energy
WindQuest Advisors on Repowering and Rising O&M Costs
Weather Guard Lightning Tech

WindQuest Advisors on Repowering and Rising O&M Costs
Dan Fesenmeyer, Managing Partner at WindQuest Advisors, joins to discuss the repowering rush and the FAA permitting stall, rising O&M costs on larger turbines, tariff pass-throughs, and AI data center demand.
Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTube, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us!
Welcome to Uptime Spotlight, shining light on wind energy’s brightest innovators. This is the progress powering tomorrow
Allen Hall: Dan, welcome back to the podcast.
Dan Fesenmeyer: It’s great to be here. Great to see you again.
Allen Hall: There is so much happening in your particular area. Your name pops up quite a bit within Weather Guard because, uh, we’re dealing with a lot of operators and- A number of times we’ll ask them, “Have you read your turbine supply agreement?”
“No.” “Have you read your full service agreement?” “No.” “Well, maybe you should do that.” And then we say, “Have you talked to Dan? You should call Dan, ’cause he can help you understand what you have signed.” Mm-hmm. “Oh, that’s probably a good idea.” So now that you’re here, WindQuest Advisors, of course, obviously is your company.
Mm-hmm. And you’re talking to a number of operators. The, the big hurdle at the minute, the nearest short-term hurdle, is repowering. There’s just a lot of [00:01:00] repowering efforts going on- Mm-hmm … trying to get turbines in, start a project. There’s a July 4th deadline and an end of the year deadline. There’s a couple deadlines after that.
What are you seeing right now from operators i- in terms of repowering? What’s the effort happening?
Dan Fesenmeyer: Well, there was a ton of effort to start physical work. That window’s obviously closing-
Allen Hall: Yes …
Dan Fesenmeyer: very quickly, but it’s still open. Uh, and then once you’re past that window, my understanding is if you get your repower completed by the end of ’27, you didn’t really need to have started physical work.
But I think most folks, start physical work is kind of the insurance piece of it-
Allen Hall: Sure …
Dan Fesenmeyer: if things take longer. Uh, another thing that’s popped up is obviously FAA and other permitting.
Allen Hall: On the permitting side, from the federal’s, uh, standpoint, is that stopped? Or, or are projects able to continue putting turbines in the ground, or what’s the status?
Dan Fesenmeyer: My- From what I’ve seen, I think on the opening session here at [00:02:00] ACP, it was said, they said that there’s, like, 130 projects that are-
Allen Hall: At least …
Dan Fesenmeyer: caught. Yes. And I’m, I’m involved with some of them, and I have a fairly small shop, and there’s just no FAA variances or permits or- They’re not issuing- … mitigation studies.
Everything seems to have stopped.
Allen Hall: So they’re not even reviewing the documentation that’s been submitted by the operators at all?
Dan Fesenmeyer: That’s what it seems, yes. Yeah.
Allen Hall: Is that legal? Uh, uh, usually those federal requirements have a timeline which they’re able to review those permits and get them approved or disapproved them.
You’re s- Right … I think what I’m hearing is, what you’re saying is they’re not even looking at them.
Dan Fesenmeyer: That’s correct. That’s what I’ve heard and seen.
Allen Hall: Okay.
Dan Fesenmeyer: Yeah. Yeah.
Allen Hall: So what is an operator to do then? How does this, how do they meet some of these deadlines if they can’t get the permit?
Dan Fesenmeyer: Well, I mean, it stalled a lot of projects ’cause of the associated risk with it.
Although I’ve seen some, uh, you know, some repower folks think, “Well, you know, I’m just repair- repowering like for like, or I’m not changing much.” [00:03:00] But if your, if your rotor’s changing or pad location’s changing, you need to update those permits.
Allen Hall: So the, the groups and the operators that are repowering the existing turbines are putting basically the same turbine in the same hole.
Dan Fesenmeyer: Well,
Allen Hall: I- Would that be okay?
Dan Fesenmeyer: I would say originally- The initial push on repower was kind of your larger rotors- Sure … new drivetrain, et cetera. Yes. The market seemed to shift more towards, “Hey, let’s do smaller upgrades, component exchanges.”
Allen Hall: Okay.
Dan Fesenmeyer: Getting more towards the minimal investment, so to speak.
Allen Hall: The 80% investment portion.
Dan Fesenmeyer: Yes.
Allen Hall: Right.
Dan Fesenmeyer: Yeah. And less about, you know, a big new machine head, for example.
Allen Hall: Well, if that gets you through and gets you the, the, uh, tax credit started back up again, which is the whole point- Right … there would be a reason to do that.
Dan Fesenmeyer: That’s right.
Allen Hall: Is there a marketplace then for those components if you’re gonna repower a GE 1.5 machine, which there’s a lot of them- Mm-hmm
in the United States? Are you seeing a big emphasis to go get a new gearbox, [00:04:00] to upgrade the blades- Yeah, and, and- … kind of
Dan Fesenmeyer: thing? Or just do maybe a drivetrain and s- Okay … and leave the rotor or, or-
Allen Hall: So do a gearbox and-
Dan Fesenmeyer: Yeah. Gear or just full drivetrain- Or generator … or yeah, s- things like that. And, um- Wow
people are comfortable doing it, and then it’s e- it’s easier, obviously.
Allen Hall: Sure. It’s faster.
Dan Fesenmeyer: And faster, and you don’t necessarily have to touch permits or, yeah.
Allen Hall: And is part of that repowering, I know one of the questions- Mm-hmm … that’s been bandied about quite a bit is, do I have to buy a, a new generator or a new gearbox, or is a refurbished gearbox enough to check the box in terms of upgrading or putting 80% of the value back into the turbine to qualify for those tax credits?
Dan Fesenmeyer: I’m not a tax expert, but I’ve seen people do both.
Allen Hall: Okay. Well, that’ll tell you.
Dan Fesenmeyer: Yeah. Yeah.
Allen Hall: They’ve obviously talked to- Right … tax advisors about that.
Dan Fesenmeyer: It’s, it’s their level of risk and whether they have outside tax money or whether- … they’re kind of balance sheet or taking it themselves. It’s, it’s- Yeah … more of a risk profile that [00:05:00] everybody’s different on.
Allen Hall: Okay. So that has changed the landscape quite a bit. So now it’s, once this window of opportunity passes by, we’re into brave new world. Mm-hmm. And operating turbines now not really 10 years, operating till end of life, which could be 20, 25 years. Have operators started thinking about that and starting to address some of the, the, especially the contracts around that?
Are they starting to rethink contracts? Are they starting to approach full service agreements differently? Is, is the marketplace changing in the US?
Dan Fesenmeyer: Yeah, I think so. I mean, it, it, depending what you have and what you’re doing, whether you have an existing agreement or you need a new one, and whether it’s a renewal or if you’re doing, let’s say, a drivetrain or new machine head, then there’s usually a service contract that’s going to come with it- Sure
’cause it’s essentially a new machine. Largely a new machine. Largely,
Allen Hall: yeah.
Dan Fesenmeyer: But in the case of a gearbox, right, you’re probably out of your longterm O&M agreement anyway, and, uh, whether you’re… And you probably [00:06:00] have, you don’t have the unplanned coverage anymore. Right. So it’s really, you’re on, you’re kind of on your own risk.
Allen Hall: Okay, so that’s the repower scenario. Mm-hmm. What’s happening new turbine-wise? It seems like the, a lot of the operators are choosing six megawatt, seven megawatt, eight megawatt machines tends to be the, the, the band of opportunity for a lot of operators. What are they working on right now in terms of, uh, TSAs, full service agreements?
What are you seeing out on the landscape US-wise?
Dan Fesenmeyer: Well, I think, um, the TSAs haven’t changed much.
Allen Hall: Okay.
Dan Fesenmeyer: But the- The, the scope and the risk has changed a bit, and the, the OEMs are, you know, holding their cards closer, and it’s hard to get to certain terms that– harder than it used to be.
Allen Hall: So let’s, let’s talk about that for a minute because, uh, there’s been some recent reports speaking to the O&M costs for larger machines.
And so the, the goal was if I went from a [00:07:00] two-megawatt machine to a six-megawatt machine, my O&M cost may be 3x because of the size of the turbine, but ideally they drop. That, uh, the same amount of effort into a larger, m- newer machine, uh, so, uh, my spend wouldn’t go up that much. In, in some places on the planet that I’ve seen feedback about that is that the O&M costs are not 3x, they’re 5x.
So the, the cost to operate the turbine, the six and eight megawatt machines, is higher than it would be proportionally to a two-megawatt machine. I think operators are just trying to start to figure that out. Are the OEMs already knowledgeable of that fact and are s- trying- I, in, in- … to phrase the conversation
I
Dan Fesenmeyer: mean, in the pricing that you get from the OEMs for the full scope agreements, that’s largely in there already.
Allen Hall: Yes.
Dan Fesenmeyer: And I always tell people look at it on a dollar per kWh or dollar per megawatt hour- Ah … basis versus a dollar per turbine, and you- Sure … you’ll see a different number.
Allen Hall: Different calculation done.
Dan Fesenmeyer: Right. But [00:08:00] these, these larger machines, they need larger cranes. They need tall– Yeah, they have taller towers, so a different crane setup, and these components become very, very large. So- Everything gets harder … everything gets d- more difficult. In a basic sense, it’s still oil and gearbox and, you know, tho- tho- Right
that kind of basic service. But when you get into major components and more major maintenance items, then it’s bigger, it can be harder.
Allen Hall: So what does a operator think about that now that they have a little bit of experience? Obviously SunZia, which is a huge project, three and a half gigawatts, uh, a l- several hun- like around 900 turbines, all of them bigger turbines.
It’s a r- for, uh, really the first real taste in America of larger turbines. What are the operators thinking about that, and how are they thinking about what sizes to go with in the future? Or, or, or do they not really have a choice? Like, GE offers six, Vestas offers six, Siemens will offer a six or a seven, [00:09:00] so those are your choices.
They’re– You’re not able to get a two megawatt machine anymore.
Dan Fesenmeyer: I mean, I think, uh, it really comes down to your, your site. Okay. And the larger machines are generally better when you have land constraints or, uh, y- your, your wind resource varies very differently. Think of a ridgeline, and you only have a certain number of pads.
But generally, it’s kind of a pad constraint to push you to the larger, and then your smaller, “smaller,” four and four to four and a half- … megawatt machines, those are still kind of the workhorses of, of the US, in my opinion. Their NCS better, they’re e- they’re lower cost, but you need more pads. So it’s always that trade-off of pads versus space, spacing, uh, and in the end, you just want to get the most AEP out of that site.
Allen Hall: In terms of marketplace, are you seeing prices generally rise dollars per megawatt on [00:10:00] new turbines? ‘Cause the, at least the market indication is that, uh, some of the OEMs have- Real strength in the marketplace today. This is an, an OEM-strong market. They can set- Mm-hmm … prices now. There’s fewer players. China has been eliminated from a lot of lo- locales.
Mm. So they don’t have the competition. That allows them to raise prices. Are you starting to see that flow down in some of the contracts, that, hey, the prices are going up? But, but i- inflation has been a big part of that, too. Well,
Dan Fesenmeyer: yeah, yeah. I mean, there’s… And tariffs, right? The, uh, that, that’s the most interesting one right now, and you have to kind of peel apart what’s my pre-tariff price versus my post, and then what’s the exposure if these tariffs change?
And-
Allen Hall: Is that in the contracts now? Are they able to write contracts that tie them to what the tariffs could be, so your final price really depends on what the tariffs are today or tomorrow?
Dan Fesenmeyer: It’s generally… Well, things have changed and, and things are always fluid, but, [00:11:00] but most recently it’s, “Well, here’s what the tariffs are today,” and when we either bring in the component or when the OEM’s actually paying that tariff, it’s kind of a pass-through
Allen Hall: in essence.
So they’re just handing you the, the bill for the tariff- Yeah … in a sense.
Dan Fesenmeyer: I mean, that- that’s it. And then you can maybe negotiate and do some things around that to share risk a little bit. Mm-hmm. But the basic premise is, you know, there’s transparency on here’s the countries and the tariff rates. If these change, that’s on the buyer.
Allen Hall: So the OEMs are trying to address that in, in some form w- by moving production into the United States. Vestas has a large blade facility in Colorado. They’ve been expanding that over the last several months. They’ve been hiring quite a bit. Uh, GE with LM up in North Dakota and TPI, and all the discussions around TPI at the minute is to really bolster their supply chain.
Uh, they’re trying to get away from the tariffs as much as they can. Are, [00:12:00] are you… You think you’re still gonna see more of that where a Siemens, a GE, a Vestas are gonna be investing more in the United States to avoid that tariff, or is it just impossible?
Dan Fesenmeyer: I, I mean, I think you… What they’ve done, I… It seems to me, I’m not obviously an expert on that, but it- they’ve moved things where they can And to capture- Mm
you know, where you already have capacity. But starting, yeah, building a new plant somewhere, I’m not sure how wise that is in the environment that we’re in.
Allen Hall: Yeah, you saw a lot of plants that were proposed two, three years ago that have, were never built. It does seem like existing plants that were on site that were closed got reopened.
Kansas, Iowa- Mm-hmm … some of those plants got- Mm-hmm … started over again, which is easier to do, which makes a lot of sense. So they’re going after the, the easiest things first still. We’re in that phase of we’re not gonna put a lot of money into the United States however. We’re gonna utilize what we have and maybe grow what we have.
Dan Fesenmeyer: Right. Or, or similarly, you can move from, if you have more of a… All these supply [00:13:00] chains are global at this point.
Allen Hall: Sure.
Dan Fesenmeyer: But if you happen to have a factory in a country with a lower tariff and versus one that’s higher, maybe you move that. You’re not bringing it over to the US, but you’re moving from, let’s say, India to the UK.
Allen Hall: Sure. So, so- Okay, so there, there’s a lot of sh- card shuffling going on- Yeah … to avoid tariffs.
Dan Fesenmeyer: Yeah, and unfortunately then the tariffs change and- … perhaps you have to change back. And, and the other one, uh, that’s out there, obviously the Supreme Court had their ruling on tariffs, so folks are waiting for a Section 232, which is
Allen Hall: still- Untouchable, in a sense?
Uh-
Dan Fesenmeyer: Well, it- people are just waiting for what, what will Section 232 be. And it’s been looming for months now.
Allen Hall: Over a year.
Dan Fesenmeyer: Yes. So, and, you know, we’re waiting, I guess.
Allen Hall: Is the feeling about that in the industry, uh… I’ll, well, I’ll use a couple of good examples, I think, which, uh, offshore wind being a real stress point United States, and a lot of [00:14:00] the administration’s work to limit offshore development got stopped in the courts.
So anything that was sort of building turbines, putting, had ships out, putting- Mm … uh, monopiles in, they never got stopped. They were delayed a couple of weeks, but they were never really stopped, and it feels like from the outside looking in, is that the courts are not gonna allow some of these, uh, movements by the administration to take effect.
Is the industry in the United States seeing the tariffs and some of the more extreme things that are happening as temporary or, or are they being a little more cautious, saying, “Yes, offshore wind has won a, a number of lawsuits”? But we may not. And th- with the Department of War and 232 and all those events that are happening, what is the outcome there, and w- how are operators thinking about that?
Dan Fesenmeyer: Well, I think we’re in a, in a market where if you have a project that can get built within this window-
Allen Hall: Yeah …
Dan Fesenmeyer: and [00:15:00] you’ve safe har- Like, those projects- And you’re, you’re just in … are desperately moving forward.
Allen Hall: Okay.
Dan Fesenmeyer: Then- ‘
Allen Hall: Cause the trend has been, if you can get it in the ground, they’re gonna let it be developed.
They haven’t been able- Right … to stop anything halfway through. Well,
Dan Fesenmeyer: other, like, the FA is a good example of it-
Allen Hall: Sure …
Dan Fesenmeyer: being stopped. But- Yeah … if you have a project that’s being built, you’re moving forward, and then projects that are outside the window, it’s more of a greenfield development view of, of life.
And seems like some folks are selling p- assets, some folks are buying- A
Allen Hall: lot of that …
Dan Fesenmeyer: development assets.
Allen Hall: Let’s go down that pathway for a minute because I did think- Yeah … that’s a very interesting piece to what’s happening in the United States at the minute. There’s a lot of transactions, big dollar transactions happening for wind- Mm-hmm
on buying, selling portfolios, not just farms. It used to be farms. Right. We’ll sell a farm. Yeah. It was. We’ll swap farms, that kind of thing. Now it’s like, uh, would you like our whole portfolio, wind, solar, battery?
Dan Fesenmeyer: Mm-hmm.
Allen Hall: Is that playing into a lot of the decisions that are [00:16:00]happening on the ground right now, that a, a developer or an operator that has assets is saying, this is a prime time to sell.
There’s a l- I have my tax credits already locked in. We’re golden here- Mm-hmm … for several years. The value is never gonna get higher. I need to get out. I- is that the marketplace today, is-
Dan Fesenmeyer: I think for some. I mean- Yeah … everybody’s got different, uh, motivations, whether they wanna get into wind, get out of wind, greenfield versus repower.
Uh, it, it’s, it’s really their view of the world and their risk profile moving forward, and whether this is a short-term play, long-term. Do we wanna get out of wind? Some people are essentially doing that. Uh, it’s, it’s across the board.
Allen Hall: How’s AI data centers playing into this? What are you hearing?
Dan Fesenmeyer: Oh, I mean, that’s what everybody talks about, AI and data centers, and the demand for power is there.
And- The [00:17:00] issue that, that a lot of us see is wind and solar and battery can all help with that.
Allen Hall: Sure.
Dan Fesenmeyer: And if you want a gas turbine, that’s great, but my former colleagues at GE are gonna tell you it’s 2030- Yes … or later to get one, so what do you do between now and then? And you’re seeing prices go up, which makes these wind farms look pretty good.
Power profile’s nice. Yes. Uh, but you still have hurdles to get, like the FAA, US Fish and Wildlife, all these other hurdles to, you know, that are slowing down wind and solar for that matter too.
Allen Hall: Solar’s been slowed down for sure.
Dan Fesenmeyer: Yeah. Yeah. Yeah.
Allen Hall: Does that change, though, with the demand for power in AI data centers?
And it does seem to be a priority in the United States to, to win this AI race. Mm-hmm. Does that loosen some of the reins on renewables to let them go, like just look the other way for a while, while they put a new solar field or wind farm in?
Dan Fesenmeyer: It stands to reason that will happen. Haven’t really seen [00:18:00] it, unfortunately.
But I wo- But I think it will, right? I mean, it, it, it, it almost has to at some point.
Allen Hall: There’s a lot of pressure on Washington DC to let data centers start being developed and, and go.
Dan Fesenmeyer: Mm-hmm.
Allen Hall: But a- as you pointed out, gas turbines are hard to get, and they can’t scale up at the rate at which the demand is.
Right. So your alternative is something really simple, quick and efficient, which would be wind and solar and a little bit of battery. Yeah. I- is that change in the thinking of operators and how they’re thinking about their assets, one, and two, what they’re thinking about in the future? Or are they trying to hook up with an- a- I mean-
a Google, a Facebook, a- Yeah, I
Dan Fesenmeyer: mean, the offtake’s- … SpaceX … there, and that’s generally, you know, it used to be utility PPAs. Then it turned- Right. … into hedge things and C&I. Yeah. And now it’s more, you have this, the data center offtake.
Allen Hall: Is the data center offtake, thinking about it from a, a financial standpoint, which they’re probably not being tied to the grid.
At [00:19:00] least a lot of these, or at least the talk is right now, is the not being connected to the grid to be sort of standalone, feeding a data center, and maybe a piece of fiber optic coming out of the data center. But that’s essentially it. Maybe some backup power on the grid just in case things go horribly wrong, but standalone power for data centers does make sense.
It would, it would seem to lessen the requirements on wind and solar in terms of interacting with the federal government or the, the power company in a sense. Does that make wind and solar a little more viable because it’s not connected to the grid?
Dan Fesenmeyer: Well, I mean, it will be connected to the grid because when the wind stops blowing, the utility will usually, you know, or, and the sun stops sh- shining- Sure
uh, the utility will kind of provide that power. That w- Or the gas turbines that they have would- Gas turbine will kick
Allen Hall: in, right.
Dan Fesenmeyer: Yes. Yeah. But, but generally speaking, you’re never truly off the grid, but it does speed things up with interconnection and, and, you know, your T&D [00:20:00] line is much shorter.
Allen Hall: Right.
Dan Fesenmeyer: Or not, you know- Much
much, much shorter. Yeah. Depending where the, the resource is and versus the plant or the, the data center.
Allen Hall: So what are the things that we don’t know in the industry that you’re in touch with that we should know? ‘Cause there, there must be a lot happening behind the scenes that we don’t hear out in public or in the common spaces of some of these conferences that are happening behind the scenes.
What is, what is the status right now? What do you think the status is of wind?
Dan Fesenmeyer: I mean, it’s, I, I, I’m a big sailor, and sometimes the wind’s blowing hard- … you’re going fast, and sometimes you sail into what we call a hole- Yeah … and it’s just dead quiet. We’re not quite there yet, but, um, it, it’s kind of we’re going through a bit of a lull right now.
And I think, I think what people don’t realize is the multiple roadblocks that the industry’s facing. In the past, we’ve had PTCs lapse, and the question is when and if it [00:21:00] will be renewed. Yeah. Now you have other roadblocks, you know, whether it’s, again, FAA, Fish and Wildlife, permitting, different localities.
Some… And this goes back to the data center. A lot of local, you know, communities don’t want a data center.
Allen Hall: Right. There’s a lot of-
Dan Fesenmeyer: Right? And they’re like, “Well, wait a minute. My power prices as a citizen are gonna go up- True … because of it.”
Allen Hall: Yeah, it’s true. We’ve already seen it.
Dan Fesenmeyer: Yeah. Yeah. So, so there’s a lot of just new barriers that have come up.
Allen Hall: Okay. That-
Dan Fesenmeyer: But wind developers are an extremely resilient bunch, and-
Allen Hall: This isn’t the first rodeo-
Dan Fesenmeyer: Right …
Allen Hall: where they’ve had these issues pop up- Yeah … and PTCs stop and other world forces affect the industry. What’s the outlook over the next three to five years, do you think? Different administration in a couple years, maybe different outlook, more demand on…
for power, AI data centers. Is- it just gonna [00:22:00] overwhelm any resistance to wind and solar and battery?
Dan Fesenmeyer: I mean, it, it, that’s kind of a crystal ball, but I think if these data centers start getting built out like people think they will, there’ll be demand for power. And, now we’re talking basic economics, Supply, demand. People need power, then power plants will get built and, whether it’s gas, wind, solar-
Allen Hall: All of the above
Dan Fesenmeyer: All of the above, right? And, and I think it will ultimately follow that. I think the, administration will let you know if there’s not enough power or power gets too expensive, something has to break and fill that gap
Allen Hall: because- So let the economics play out a little bit.
Dan Fesenmeyer: Yeah, right? Yeah. ‘Cause we’re, we’re voters, right? And- Sure … and, um, people vote often with their pocketbooks.
Allen Hall: And wind and solar are cheap sources of energy, and they’re gonna come to the top of the list almost every time.
Dan Fesenmeyer: Yeah.
Allen Hall: Yeah. Yeah. Yeah. I, I agree with you. Uh, it’s good to see you again. We saw you a few months [00:23:00] ago at WOMA in Australia, and that was wonderful.
And I tell a lot of the operators we talk to, “You better be talking to Dan and WindQuest Advisors because you really need to understand what your contracts say and the contract you’re signing, and you need to have a better sense of what’s happening, a little more broader speak in the United States and elsewhere- Mm-hmm
and they should be talking to you.” So how do they call or how do they contact WindQuest Advisors to get started?
Dan Fesenmeyer: Well, www.windquestadvisors.com or reach out to Allen and his team. You’re on LinkedIn. I’m on LinkedIn as well- … both personally and my firm. And, um, ask a friend ’cause I have a, we have- … big networks that everybody…
You know, it’s, it’s a small community here. It
Allen Hall: is.
Dan Fesenmeyer: Right?
Allen Hall: It is.
Dan Fesenmeyer: And, and people bounce around different firms and, but people stay connected, so, um, that’s a great way to find each other as well.
Allen Hall: Yeah. Great to see you, Dan. Likewise. Thank you. Thanks for being on the podcast. And yeah, we’ll hopefully see you in Australia in a couple months.
Dan Fesenmeyer: Looking forward to
[00:24:00] it.
Renewable Energy
America’s Brand: Indifference to Human Pain
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Until the late 20th Century, one could have plausibly argued either way re: the United States. Since about 1980, it’s been clear that we really couldn’t care less about the sufferings of the common American.
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Renewable Energy
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