This blog was written by SACE Decarbonization Director Eddy Moore.
South Carolina Legislature Proposes to Roll Back Rate-Payer Protections
Five years ago, after utility companies spent $9 billion on a nuclear plant that was never finished, the South Carolina legislature reformed the law to increase scrutiny of utility plans and support renewable energy produced by independent developers. Now, a new Speaker of the House is leading a utility-supported effort to roll back those reforms and expand gas-fired power. If passed, the bill would increase costs for residents, undermine the state’s utility planning process, threaten continued buildout of new utility-scale solar, and drive up climate pollution across the state.
Major Fossil Fuel Expansion
The Speaker’s bill indicates legislative support for approximately 9,000 megawatts (MW) of new power plants that would burn fracked gas, plus new gas pipelines. The roughly $9 billion capital cost for the power plants alone would equal almost $2,000 each for every man, woman, and child in the state. The fuel for the power plants will likely exceed the cost of the plants themselves. This bill is a multi-decade deadweight on the future economy of the state.
Just one of the new gas plants—a joint venture of Dominion Energy and state-owned Santee Cooper—could be as large as 2,000 MW and would take seven or more years to build because it first requires expanded interstate gas pipelines across sensitive wetlands and more than 100 miles of electric transmission upgrades. The legislative endorsement of the project, which is working its way through state approvals even without specific legislation, adds extra insurance for the utility companies that ratepayers will be required to foot the full bill if the complex project has major cost overruns. The project also would increase reliance on gas in Dominion Energy territory from the current 40% of all energy generated to almost 60%, tying its customers to international gas price spikes for decades to come instead of signing fixed-price renewable energy contracts.
Eroding Consumer & Environmental Protections
In a state in which the legislature directly chooses the members Commission that regulates utility rates, the legislative endorsements would override the regulatory process. The regulatory process is further undermined by numerous other provisions of the bill. For instance, it requires the Commission to give special consideration to evidence provided by utility company witnesses. It also restores a pre-reform mandate for the Public Service Commission to support the financial integrity of the utility (which is already ensured elsewhere in the law), rather than having regulators focus more on the needs of ratepayers. And it eliminates the authorization for the state’s Office of Consumer Affairs to intervene on behalf of utility ratepayers, which was enacted as a direct result of the nuclear fiasco. These moves to short circuit regulatory review processes are a blow to South Carolina residents since the Public Service Commission and the review processes they oversee stand as the only significant check on monopoly utilities’ profit motive at ratepayers’ expense.
The bill also threatens the number one method of renewable energy development in South Carolina by shortening the length of standard contracts for new utility-scale solar facilities from ten years to five. Under current law, these contracts set the terms under which utilities buy energy from renewable energy providers, and thus are the basis of bank financing for the projects. Cutting the financing period in half will either drastically cut the revenue for solar or drive up the necessary unit cost of energy so that solar is priced out of the market. Either way, this provision would likely kill an otherwise growing solar and battery storage market. And it is patently unfair: for comparison, coal-fired power plants in South Carolina are currently financed by ratepayers for over 70 years.
Remarkably, given the recent history of nuclear project abandonment in South Carolina, the bill also authorizes up to three new “small modular” nuclear reactors. This novel technology is untested and the only project in the United States was recently abandoned for cost overruns. If the South Carolina reactors are abandoned like the last one, utility companies would be required to give a “fulsome accounting,” but still could be allowed to charge ratepayers for the plants.
While the legislation obviously fails to heed the lessons learned after the $9 billion nuclear fiasco in South Carolina, its greater significance is a complete embrace of gas-fired power for decades to come. Out-of-state gas producers and pipeline companies see the electric power business as their only real growth opportunity in the domestic US market. The gas industry is fighting for market share, trying across the southeast to beat renewable energy to the punch as solar prices decline and utilities nationally increasingly turn to battery storage for dispatchable capacity.
Take Action to Fight Back
Hopefully, as legislators hear from constituents shocked by the bill’s backward emphasis on fossil fuel expansion and monopoly profit rather than competitive clean energy, they will pause and reconsider. South Carolina is home to a diverse and growing clean energy economy, and new technology and regulatory approaches can meet our electricity needs at lower cost and risk. For instance, South Carolina should require its utilities to participate in a regional wholesale market to improve reliability, cost, and transparency. The state legislature spent almost a million dollars studying this option and found that it would save over $300 million per year, but shelved the study when utilities complained. Also, competitive renewable energy procurement processes have been demonstrated to lower cost and speed integration of clean energy resources. And binding energy efficiency program targets would speed adoption of the cheapest energy of all—the energy not generated in the first place. But the first step for South Carolina to reliably meet its energy needs should be to rethink the backward legislative approach represented by the recently introduced bill.
The post South Carolina Legislature Unlearns Lessons, Promotes Major Gas Industry Push appeared first on SACE | Southern Alliance for Clean Energy.
South Carolina Legislature Unlearns Lessons, Promotes Major Gas Industry Push
Renewable Energy
GreenSpur Rethinks Generators for More Efficient Wind Turbine Operations
Weather Guard Lightning Tech
GreenSpur Rethinks Generators for More Efficient Wind Turbine Operations
If you manage wind turbine operations, you’re probably acutely aware of just how much generator weight, complexity, and maintenance affect uptime and cost. In a recent Spotlight interview with the Uptime Wind Energy Podcast, Jason Moody, Chairman, GreenSpur Wind, explained how the company’s axial‑flux technology is reshaping generator design to meet today’s offshore and floating wind challenges.
Listen to the full interview to learn how GreenSpur is putting a whole new spin on wind turbine design
The Weight Problem and The Axial-Flux Solution
It’s typical for today’s direct‑drive generators used in offshore turbines to weigh more than 150 tons. Big machines for big jobs, right? But that weight has a structural ripple effect: heavy generators necessitate heavier towers, reinforced foundations, thicker steel, and larger blades— and all of that heft increases capital and installation expenses, initially, and contributes to ongoing maintenance and operations expenses.
When large generators are needed on floating platforms, those dynamic loads require even heavier ballast; structural integrity gets more complex. Some floating wind designs have tested hybrid and geared systems to reduce weight, but combined systems add complexity. While the industry’s goal, always, is to reduce LCoE, larger systems weigh more, and more complicated designs rarely improve efficiencies.
So for floating wind installations, particularly, GreenSpur’s axial-flux design – with a significantly reduced weight – offers clear advantages.
As Moody points out, hybrid and geared systems can be “even more complicated” – and not just on electrical efficiency.
“As they spin faster, they get hotter, and then…you need more high-tech cooling systems, which is another point of failure,” he said.
“So the LCoE really does start to suffer with these more complex, advanced systems.”
“What we’re trying to do is introduce a new technology that can address the problem (of excess with) and hopefully address some other problems as well.” – Jason Mondy, GreenSpur
What are the Advantages of Axial Flux Generators?
While most traditional radial-flux generators have concentric cylinders where magnetic flux flows between them (see more here), Greenspur’s axial flux design has the rotor and stator arranged as discs along the axis of the machine, and the magnetic flux flows parallel to this axis.
Because Greenspur’s axial flux generator employs a modular architecture, multiple smaller stages can be connected in parallel. This allows for easier scaling, customization, and potentially a lighter overall design for higher-power applications.
GreenSpur’s axial-flux generators are significantly lighter than traditional radial motors. And, unlike current generators that need active cooling systems (which bring their own maintenance headaches), axial‑flux machines reduce or eliminate this demand.
Also, because GreenSpur’s designs work with a variety of magnets – from low-cost ferrite to rare-earth materials – they offer a lot of cost control options, too.
How does an axial flux generator work? Uptime explains everything.
The Wheels are Turning Now
While axial flux is not a new design concept, GreenSpur’s implementation puts a new spin on things. Where else are axial flux design used? In Lamborghini’s Temerario, pictured, as well as in high-end vehicles from Mercedes Benz, Ferrari, Jaguar and other manufacturers.

Temerarior image from Yasa motors.
Other Operational Impacts for Turbine Installation, Maintenance
Lower weight means fewer cranes and smaller barges. Translation: Easier, less-expensive installation and repairs
Structural Compatibility is a lifetime benefit, as axial-flux components could slot into new turbines with few structural upgrades, and make retrofitting existing foundations easier
No active cooling means lower maintenance costs, as there are few issues with fluid leaks, fans and pumps.
Strategic Moves for Owners, Operators, and Managers
Axial‑flux generators offer a fresh paradigm: lighter weight, simpler design, potential cost reductions, and enhanced suitability for offshore and floating farms. For operations managers – and also investors – this is welcome news because it also means: shorter installation times, lower and less-costly maintenance, and simplified inventories.
Although axial-flux turbines aren’t yet mainstream, the promise of reducing the LCoE combined with more streamlined, efficient operations, is a powerful lure to get behind the technology.
Those who want to learn more about axial-flux integration, pilots or trial deployments should contact GreenSpur. As axial-flux engine production is already scaling up in the automotive industry, it will soon be wind energy’s turn to benefit from the technology and design.

This article is based on a June, 2025 interview with Jason Moody, Chairman, GreenSpur Wind. Listen to the entire conversation here, on Spotify, or WATCH on YouTube!
How to Prepare for Axial Flux Generators?
Tips and considerations for those ready for this efficient upgrade to wind turbine operations include:
Training: O&M crews must understand axial‑flux-specific drive electronics, winding structures, and maintenance procedures. proactive training plan will be essential.
Pilot Programs: Collaborate with GreenSpur or OEMs to install axial‑flux prototypes on pilot turbines, ideally in planned outages or new builds.
Develop Inspection Protocols: Begin documenting how axial‑flux units behave under load, vibration, thermal cycling, and blade pitch events.
Evaluate Asset Life Cycle Savings: Estimate savings from reduced downtime, simpler maintenance, lighter lifts, and material costs to put real numbers behind expected gains.
https://weatherguardwind.com/greenspur-axial-generators-more-efficient-wind-turbine-operations/
Renewable Energy
New PTC Legislation, AES Potential Sale
New PTC Legislation, AES Potential Sale
Register for the SkySpecs webinar! The crew discusses the resignation of Wind Europe CEO Giles Dickson and his impact on the organization. They examine a new executive order from the White House targeting ‘unreliable’ wind and solar energy sources, analyzing its potential effects on tax credits and the renewable energy market.
Sign up now for Uptime Tech News, our weekly email update 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 Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us!
You are listening to the Uptime Wind Energy Podcast brought to you by build turbines.com. Learn, train, and be a part of the Clean Energy Revolution. Visit build turbines.com today. Now here’s your hosts, Alan Hall, Joel Saxon, Phil Totaro, and Rosemary Barnes.
Allen Hall: Welcome to the Uptime Winner d podcast. I’m Alan Hall in the Queen City, Charlotte, North Carolina.
I got filter the tower out in California and Joel Saxon is in wet Austin, Texas. It rained again today. The storm waters have been severe, like a hundred year flood Situations in Texas have been very dangerous and a lot of people have been injured down there. yeah, our condolences go out to everybody affected down in Texas and there’s supposed to be some more severe.
Rainstorms in the East coast of the United States. So hold on tight. there’s a lot of news going on [00:01:00] this week around the world. the one that sticks out first and I wanna bring this to the attention of everybody that, if you haven’t heard yet, is, wind Europe. CEO Giles Dixon has announced he’s stepping down after 10 years as leading WIN Europe.
And I was stunned when this happened. And obviously, I. Don’t have any influence in when Europe being an American. I just watch from the outside and I, from what I’ve seen and attended the conferences over in Europe, everything from what I’ve seen under his tutelage has been great. And the promotional materials and all the information that when Europe provides, has been outstanding.
so Giles is going to go back to teaching. He’s gonna go back into the schoolhouse. but it, seems like it’s a shock to everybody at, Wind Europe, at least that’s the outward appearance. Board chair Henrik Anderson, who is the head of Vestus Praise Dixon’s, tremendous contribution, noting [00:02:00] that he will leave Wind Europe stronger than he when he arrived.
And that’s clearly the case. Phil, do you have any insight as to what’s going on behind the scenes over in Wind Europe and with Giles?
Phil Totaro: I do not, but I can also speak from personal experience, having met him, I wanna say back in 2018 or probably 2017. and I can certainly attest to the, the work that they’ve done.
As you might be able to see, I’ve got two, things sitting here behind me that are awards from, the Wind Europe and, predecessor to, that, we’ve, done a lot of work over in Europe and it’s been facilitated by, the Wind Europe, events that they do as well as the publications that they’ve put out.
certainly my thanks go out to, to him and, [00:03:00] wish him well on his, future endeavors.
Joel Saxum: I would say from an American standpoint, been to wind Europe now, man, I don’t know how many times, half a dozen times or something like that. They do a really good job over there. And this is from, the leadership comes from the top of just circling the wagons, right?
Bringing everybody out to the show, getting more voices involved, giving, getting executive leaders from a lot of these large operators, giving them the space to talk and putting them, in an area where their voices are listened to. So like when, the last time I was at Wind Europe, I think it was in, bill Bao.
so I went, walked into Bill Bau, and when you walked into the conference center, there was big banners hanging of all of the key speakers and what their messages were with pictures of their faces, six feet tall, hanging in all the hallways. And I thought, what a great way to get visibility to the industry, right?
Because if anybody walks in here, because of course at those shows you get, impartial news [00:04:00] agencies and other things going. You see that stuff right in the, European realm. I’m like, I recognize the face of the CEO of RWE and, these things like they pop up. They’re, good at getting in the face of the, public and getting their message across.
And I would like to see us do more of those things here. under giles’s tutelage there, fantastic job. he said he’s gonna step back and go to teaching and give back to his local community where he’s from, and I think that’s fantastic. it’s a, a career shift.
He’s given a lot to the wind industry. and moving on. So now, we have those Giles in Pierre walk and talk videos that they put out every, so often, they’re gonna have to find someone else to walk and talk with.
Allen Hall: That’s gonna be hard to do. Those win flicks are really well done. They’re great promotion for the industry in, Europe.
I, there’s very little that I’ve seen that even really compares to them the amount of knowledge you’re gonna get in about four and a [00:05:00] half minutes about what is actually happening on the ground in Europe. You just don’t find it anywhere like that. The, they are really good tuned to all the inner workings of the eu, the individual countries, all the manufacturers.
They have the pulse of that industry and it’s, gonna be a lot to live up to wherever they nominate to be. The next CEO win Europe. It. It has a high bar. A very high bar. Don’t let blade damage catch you off guard. OGs. Ping sensors detect issues before they become expensive. Time consuming problems from ice buildup and lightning strikes to pitch misalignment and internal blade cracks.
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The executive order titled, ending Market Distorting Subsidies for Unreliable Foreign Controlled Energy Sources. Does that make an acronym, guys? I don’t think it does. The order directs the Treasury Department to strictly enforce termination of clean energy tax credits already included in the recently passed budget reconciliation bill.
the feeling on the street is this was done to placate some of the. Congress, people that wanted more action against wind and solar, mostly from petroleum, based states, and that they didn’t feel like they got enough in the legislation, so they wanted to reinforce it. I, don’t think this has any real effect, but in in the larger scheme, but the one area which can.
Be adjusted with or played with is the [00:07:00] timing of when projects have to go in and what the percentage of projects has to be done to qualify for the tax credits. And Phil, you want to provide some insights into what can happen with the qualification aspect.
Phil Totaro: Yeah, so let’s start with understanding what got approved in the bill.
Any project that starts construction after July 4th, 2026 will no longer be eligible for a production tax credit. Going back to Alan’s comment about this executive order, the intent. There is to direct the Treasury Department, which oversees obviously the IRS, which has a final say in what the qualification criteria are for getting the, Companies who wanna claim the production tax credit, you have to submit an application to be able to do that. they are being directed under this executive [00:08:00] order to reexamine whether or not there needs to be changes. That would be I. Basically considered anti renewable. So anything that can take, money off the table for wind and solar is, what they’re trying to accomplish with this.
And what they can do, that’s outside the scope of the bill is they can. Have, the threshold for what constitutes start of construction raised such that, let’s call it about 15.3 gigawatts out of the 30 gigawatts that’s already, into the, construction and permitting queue.
There’s about 15 gigawatts of that is at jeopardy if we can’t. if they raise these thresholds and if we can’t get started on construction with all that by, July 4th, 2026.
Joel Saxum: Phil, I got a question for you ’cause I wanna clarify this. We know that solar PV [00:09:00] onshore wind almost exclusively, and I think it is exclusively, will harvest PTCs over the lifetime instead of the 30% ITC credit for CapEx, however.
Offshore wind usually goes for ITC. And so I wanna clarify this also pertains to ITC as well. That’s, under, under the same rule set as the PTC. Yes. and ITC if you don’t know, is investment tax credits versus production tax credits. So you, that’s a onetime, wham. on, I think 30% of the CapEx of a project.
And that’s why you see it in offshore wind because it’s so dang expensive for offshore wind. But this, so the same set of rules is gonna hit both of those, right?
Phil Totaro: Yes. And, regardless of the executive order, Joel, the, it, the changes in the law that they just made in the tax and budget bill, they passed these changes in the law, actually potentially preclude.
The Mar Wind project in Maryland and the New England one and two [00:10:00] projects, in, Massachusetts, Connecticut, et cetera. that general vicinity where, multiple states are gonna be off taking power, those projects may not be able to get their construction finance in place and. Meet the start of construction threshold, by the time that they need to be able to, in order to claim the, tax credit.
So they could be, these projects are potentially in jeopardy now of not being able to claim that ITC, because of these, the change in the law passed by Congress and the con in combination with. The executive order that is likely to, increase the threshold for what constitutes startup construction on a project.
Joel Saxum: Could you see someone with a bold strategy saying, you know what, because PTCs may run out, we’re gonna take the 30% ITC bam right now on an onshore wind project. A big one. Could you see that?
Phil Totaro: Potentially, yes. Particularly if it’s [00:11:00] gonna, it’s the down to the number crunchers at that point. And if somebody says, you know what?
That makes a lot more sense than getting a reduction. look, we’ve, Intel store’s done this analysis. We released a research note about this. It’s gonna reduce, this. Change in the law is gonna reduce what? the revenue that asset owners for wind in the USA get by about $16 billion.
Now, keep in mind that ever since they started this production tax credit back in the early nineties, it’s paid out about $66.3 billion to date. And is $16 billion really saving us a whole lot, especially when you consider that we’ve got increasing demand, a five year backlog on gas. Nuclear that can’t be built.
And we talked last week about, the situation with, trying to sell people liquified natural gas. where exactly are we gonna get our electricity from? Because you’re all about to face brownouts in [00:12:00] about, a year and a half here. So if it’s not coming from wind and solar, I, don’t know where it’s coming from.
Allen Hall: The offshore projects on the east coast will have to be finished. They’ll just go back to the states and renegotiate the contracts for the offtake pricing.
Phil Totaro: If they can.
Allen Hall: I, think there’s always opportunity in tax law for things to get a little funky if you haven’t noticed that. the IRS can do all kinds of crazy things on its own, and obviously, things get tagged onto additional bills.
There’s all kinds of bills going through Congress and nobody knows exactly what’s going on at midnight when they pass. So it wouldn’t shock me if some of these projects get a little bit of coverage by the states and the senators in particular that backdoor it to protect them. Because otherwise what’s gonna happen is Connecticut, Massachusetts, New York, maybe all the way down towards Virginia, New Jersey, are going to have to raise the prices to get those projects in.[00:13:00]
They’re still gonna happen. I, just don’t see them not happening. Back to your point, Phil, what are they gonna do for power? If they don’t have any other opportunities. Can I shift gears a little
Joel Saxum: bit here? The I’m, what I wanna understand now is, okay, bill, big beautiful Bill has passed, executive order, signed, enforcing it, whatever.
Today is July 9th that we’re recording. What does July 10th look like for the next two years? For all of our friends in the wind industry that are ISPs. That are specialists that are, technical field advisors for construction and crane companies and bolting companies and all this stuff. What does the next two years look like for them?
Because in my mind it means hammer down pedal to the metal. People are gonna be scrambling to get support to build their projects out. So everybody that’s in ISP is gonna be busy as hell for the next few years. At the same time, if I’m an operator, I’m thinking I’ve got a, an odd fiscal cliff. Coming and I need to [00:14:00] make sure that my turbines are running tip top shape while I’m still harvesting PTCs.
Before that date, because when that date comes, I gotta be o and m efficient. I gotta be spend efficient, these things have to be running well. I need to get ’em up to snuff, tear that apart. Does that make sense?
Phil Totaro: Oh, it, makes perfect sense. So right now what everybody, particularly anybody that built a project that.
They wouldn’t be able to repower prior to the end of this PTC cliff in 2027. What they’re looking to do is exactly what you just mentioned, Joel. They have to get operational efficiency improved and they have to hunt for the best possible PPA that they can get. now the good news is that. the market average right now for PPAs is about 55, just under $56 a megawatt hour, but if that drops, it’s gonna throw folks like that.
And they’re 65, or, I’m sorry, 62.115 [00:15:00] gigawatts worth of projects in that time period I mentioned 2019 to 2023 that are not gonna be able to do a PTC driven repowering. So they’re gonna have to improve. Performance they’re gonna have to life extend, and they’re gonna have to go find, a better, whether it’s a corporate offtake or something, a high PPA, that’s gonna help them sustain their profitability.
Allen Hall: The data I’ve seen more recently about what electricity prices are going to be in a year or two shows them up almost 10%, or sometimes more than 10%. So they’re gonna have to climb the, money’s gonna come from somewhere because. Back to Phil’s original point, if you don’t develop it, you’re gonna have problems with power supply.
you’re gonna have brownouts and restrictions and all the things you’ve been trying to avoid for the last 20 years, it’s going to come about. So I think the offtake companies and all the corporations involved in this that are pulling massive amounts of power off the grid are going [00:16:00] to have to encourage these projects to go forward.
They’re going to have to renegotiate PPAs. the, sites are gonna get built. I think there may be more opportunity for a little bit more money for wind and particularly solar just because. Gas isn’t gonna fill it, no one else is gonna fill it. The prices are gonna go up, and I think you could ask for a higher PPA price and get it because there’s nobody else that can provide the power.
Joel Saxum: I think we should benchmark this, right? Like a couple a month ago or so, the three of us, or more than that, we talked about what our, local power prices were and we’re in completely different markets. Alan, you’re on the east coast. Phil, you’re on the West coast. I’m down in Austin. In the Ercot market, I think the Ercot market will adjust quicker.
Simply because it’s, unregulated, right? It can, it’ll move. It’ll move. It’ll move now. So I think we should do that. let’s once a month collect that data again, just to see what it looks like over the next few years and check the trend. Because I think, like you said, [00:17:00] it’s gotta come from somewhere at the end of the day, who’s paying the bills, the consumer, And that’s the frustrating thing about, to me, just the frustrating thing about what’s going on with this bill is. Is the consumer’s gonna end up paying and a lot of times the consumers in these deep red states, that’s where wind is. It doesn’t make sense to me, but I don’t make all the decisions.
Allen Hall: just play it out in your head.
If GE is making the, gas turbines that are gonna provide electricity, just say GE is a focal point, probably is. Are they gonna increase production 50% over the next year, two years, five years, 10 years? They can’t do it. It’s impossible. It’s impossible. Exactly right. So although the current administration is going to downplay wind and solar.
It’s a physics problem. You can’t do it. This is not a Pol politics problem. This is a physics
Joel Saxum: problem.
Phil Totaro: But he, so here’s the good news though. Going, back to Joel’s point, if you work [00:18:00] at an ISP, if you own a company that owns cranes, you are gonna be in demand. full employment for everybody.
And here’s the other thing, a lot of these companies that have been overlooked as far as, kind of asset management, platforms and digital services, our friends over at Sky Specs, as, being one example. they are gonna be also very in demand because the companies, the asset owners that said, oh, I can get by without, digital solutions.
You’re not gonna be able to, when you need to be able to optimize your performance to hold out until 2029. Because if, your project starts dropping off precipitously, you don’t have a PTC that you can leverage to repower your project anymore. And who knows what actually happens in 2029. Hopefully we get something back in place that, like Alan mentioned, and Joel mentioned, a week or two [00:19:00] ago where oil and gas already have permanent subsidies.
we can argue about whether or not. subsidies for renewables are a good or a bad thing and all that, but wind energy alone in the United States is a $500 billion plus industry, and we’re talking about, again, $66 billion paid out over 30 plus years, and $16 billion in the immediate term to help support an industry that creates, more than half a trillion dollars worth of value.
In the United States jobs, tax, revenue, et cetera. let’s hope everybody gets the message and, starts playing it smart from here on out.
Allen Hall: As Wind energy professionals staying informed is crucial, and let’s face it difficult. That’s why the Uptime podcast recommends PES Wind Magazine. PES Wind offers a diverse range of in-depth articles and expert insights that dive into the most pressing issues facing our energy future.[00:20:00]
Whether you’re an industry veteran or new to wind, PES Wind has the high quality content you need. Don’t miss out. Visit PES wind.com today. In this quarter’s, PES Wind Magazine, which you can Google PES Wind and it’ll take you right there. You can download your own copy. There’s a really good article from Safe Lifting Europe, bv and some of their sustainable practices.
And if you’ve seen some of the work that they do, they provide. All the green colored equipment, the lifting equipment, and they’ve shifted from, a traditional ownership model where you buy the harness or the lifting piece to a rental service, which is a totally different model because most of the time that I’ve been around heavy lift, we ended up buying all the pieces, but renting this makes a lot more sense.
But there’s a lot to that when that happens. And it is, a. Truly a different approach to what has been a very, [00:21:00] wanna call a, very state industry where it hasn’t moved around too much. you lift things, you check, make sure the everything is the, same. But the, problem has been, is that.
It’s pay to play and it’s hard to get into that industry if you wanna buy the equipment. And so safe lifting Europe is, has a different model and it’s about time. Joel, I, know you’ve been around some heavy lift equipment yourself. This is, this, doesn’t happen very much. I have not seen hardly any of this in the United States ’cause these guys are based in the Netherlands.
Joel Saxum: So again, I, and I dial back to this offshore oil and gas. Offshore oil and gas is such a specialized industry with, when you’re lifting something, you may be using a piece that looks like you’re lifting something in a yard, but you’re actually using that in 3000 feet of water. so there’s all this specialized equipment all the time, and if you’re an operator or an IIRM consultant or whoever else that’s doing this work, it’s so cost prohibitive, capital [00:22:00]intensive to get into these things and it reduces the amount of players in the market.
That’s the trouble it, concentrates ’em, right? You get to these certain projects and Only Cype can take it on because they’re the only ones that can afford to buy the kit. What this does is it opens up the market to money. More people, right? Because then that offshore oil and gas world, this is a model they use all the time.
There’s companies dedicated to this expensive kit, like there’s a company called Unique Group that we used to use all the time, and they have water weights for testing and this, and the good thing about them, and it was electric, it was electronics and all kinds of stuff. When you got the kit, it was tested, calibrated, certified, ready to roll, beautiful in a crate.
You know what I mean? So it showed us like, Hey, we need this piece. And it showed up on site and it was ready to run, and it was all done by a third party. You pay the day rate on it. Once you’re done, you ship it back. Now, from a contract standpoint, that’s awesome because you just charge cost plus whatever percentage you put on it to your client.
It’s a pass through cost, you’ve dealt with it. Project gets done. That’s awesome. I think that’s, it opens up again, it [00:23:00] opens up the market. You can use mult, more vessels, more companies, good on them. And they’ve done a, this is a, this is something you and I really Alan, is this clever marketing.
Clever marketing, clever branding. There’s companies that do this well, and this is good, right? Because it’s rental kit that all looks the same. So no matter what vessel it’s on, you’re gonna see this, specific color of green right down here in Texas. Whenever I see a red, f two 50 go by, I go, oh, that’s Weatherford.
You know them, you know those guys right away, right? The Weatherford guys with the red jumpsuits and the red bumpers on the truck and stuff. you always see that. Or, like, in the offshore world, deme, blind green, Deme, you can see a deme vessel from miles away and you go, that’s that.
That’s them. That’s them. This will catch on. I like their, what they’ve done. Kudos to whoever thought of that as a branding initiative. I think this is only good things for the entire market, having a player like this that’s, specializing in that lifting kit.
Allen Hall: Yeah, great [00:24:00] article and you need to go check it out.
You can download this article at PS Wind. Just visit, your Google engine type in PS Wind. It’ll take you right there. Download it. There’s a ton of great articles in this quarter’s edition. and good on to safe Lifting Europe, bv. A lot of discussion about companies being, sold at the minute, and Joel and I have heard.
Quite a number of stories over the last probably month or so, but a ES corporation is, stock has gone up and down quite recently because the impression is, that they are for sale and they’re a Virginia based, renewable power company. And it sounds like they’ve had takeover interest from, investors, including Brookfield Asset Management, BlackRock of course, and Global Infrastructure Partners.
Now, a ES has a unique client base. They are really tied into the [00:25:00] data centers and ai centers, which from which are the big names, and Microsoft, Google, and Amazon, if you named the three. Those are the three. but it has more recently, as has seen their stock fall since about 2022. So it’s down quite a bit.
However, the future will look bright. This would be the perfect time to pick up a ES at probably a, what would be considered a reasonable price. But the dollar numbers, the market cap on a ES is pretty big at the moment. Joel? Yeah, I think what, what did, we see today? Like 40
Joel Saxum: billion. 40 billion. So there’s been a couple of big.
Acquisitions in the last year, right? There was the, GIP bought that company, New Mexico, can’t remember the name of it, that one. And then the Constellation bought Calpine for 16 billion. So that was another big one that just happened. of course we know BP is for sale. We should see an announcement on that at any [00:26:00] time.
We don’t know who or what that price is. but that’s gonna happen for bps, US onshore assets. So there is some big things moving and grooving. I could see, like I, I think off air I was talking BlackRock. GIP is a big one. Brookfield, I know Phil, you had some opinions on Brookfield, but, if a ES.
They’ve got some stuff in, in the states. They’ve got a lot of stuff in the Latin American countries, south America as well, Argentina, Chile, Mexico, they got some cool wind farms. If they’re doing some due diligence and you need someone to go, the uptime crew can go to Hawaii for the one you got out there, we’ll definitely take a peek at that for you or whoever the prospective buyer is.
but yeah, we, have friends over there. We know some of the engineers at a ES. of course, when these acquisitions happen, for the most part, it doesn’t change much. they just have a different t-shirt to wear and a different email signature. there’s some good people over there.
but yeah. Phil, what are your thoughts on who a prospective buyer for this a [00:27:00] ES thing could be?
Phil Totaro: Yeah, besides the two companies that have been named, you could have Masar also potentially kicking the tires if they wanted to expand their footprint. but I think Brookfield is probably the best fit.
besides some of the operational synergies that they already have with projects they’ve got, it fits Brookfield’s, as you mentioned, Joel, they’ve got assets in, Peru, Chile, and, I wanna say some transmission related assets as well in, in Brazil. that probably fit Brookfield’s portfolio a little bit better than anybody else, but I wouldn’t put it out of the realm of possibility that.
somebody dives in and, tries to gobble them up because they’ve built a pretty good portfolio, and a healthy one as well. This
Joel Saxum: week’s Wind Farm of the week is the Wheat Ridge Hybrid Energy Project. Why this one popped up on the Wind Farm of the Week is looking [00:28:00] forward to what’s going on in politically in the states right now, thinking about operational efficiencies and how do we squeeze as much more out of a project as we can.
And the interesting thing about this is the first project in the United States that combines the three most common renewable energy kind assets. You have wind on site, you have solar on site, and you have battery storage on site. Now, the advantage to that, of course, is it’s pretty simple. it’s combines the BOP costs.
So you have the same transmission, lines. the same o and m crews and that kind of stuff all in one spot. So it makes more sense. You’re double dipping on these, capital costs from the beginning. so a little bit about the wind farm. It’s up in Oregon, marrow County, near Lexington.
It’s about 300 megawatts of wind. There’s a, there’s 120 GE turbines up there. Have 2.3 and 2.5 megawatt units. There’s also a 50 megawatt, solar [00:29:00]array. And there’s a 30 megawatt, 120 megawatt hour lithium ion battery storage system. So together there’s 350 megawatts of production plus that nice smoothing, side of the batteries with a little bit of, there’s about four hours with the storage there.
so you can power efficiently a hundred thousand homes off of this one project from one spot. it was jointly built by Portland General Electric and NextEra. So NextEra’s got their hands in a lot of stuff. They got their hands in this one. and it was the first of its kind. It’s a util utility scale facility with wind, solar, and storage all on one site.
and because of that, you’re, balancing, the storage or the storage balances that grid variability and delivers power even when, you know the sun, wind aren’t optimal. I personally would love to see a ton more projects like this. it, and it has a lot of those same numbers we see on a lot of the Wind Farm of the week, or, anything.
It, 300 jobs created, 10 [00:30:00] full-time staff, millions of dollars in tax benefits. so really cool project. And as we go into the next phase of the energy transition, would love to see more projects done like this, or even retrofitted like this would be pretty cool. so the Wheatridge Hybrid Energy Project up in Oregon,
Allen Hall: you’re the Wind Farm of the week.
And that’s gonna do it for the Uptime Wind Energy Podcast. Thanks for joining us. Stay tuned. There’s a lot happening in wind. Don’t get discouraged. It’s all gonna be okay, and we’ll see you here next week on the Uptime Wind Energy Podcast.
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