Equinor Acquires Stake in Ørsted, CBAM Tax Effects

This episode explores the recent acquisition of a stake in Ørsted by Equinor, discussing its implications for the renewable energy sector. We delve into the EU's carbon border adjustment mechanism and its potential impact on wind turbine prices. Additionally, we examine Form Energy's latest funding round and the challenges of scaling up new energy storage technologies. 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! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen Hall: So, down in the south, which is hurricane prone, one of the ways you know to evacuate is to check out the Waffle House. Now, if you've never been to a Waffle House in the South, it is delicious for breakfast, or pretty much any time. It's open 24 hours a day, Joel. You can always go in and get some coffee and some eggs and some waffles. Joel Saxum: The best time for a Waffle House is 2 a. m., because it is Allen Hall: But the weather forecasters at the Waffle House appear to have an inside knowledge of where these storms are going because everybody's paying attention to if the Waffle House is closed, that means get out of town, or if it's open, then maybe it's not going to be so bad. So instead of listening to the National Weather Service or your local weather agency, weather person were relying on the Waffle House to determine the fate of hurricanes now. Joel Saxum: Allen, it's a little why I made a reaction when you did this is I actually have a LinkedIn post that I put together about the hashtag WH index the Waffle House index that is, was coined by a FEMA director back in 2004. And what it was is he was down in Florida surveying and I can't remember what hurricane that was, but surveying a hurricane damage and the only place he could find that was open was Waffle House. So he, then he separated into three things. It's green for Waffle House is all a go, yellow for Waffle House has a limited menu, and red for Waffle House is shut down. And if all the Waffle Houses look red around you, you better evacuate. Allen Hall: It's a good rule of thumb. And I know people in Western North Carolina. Eastern Tennessee and now sort of central Florida are really going to have a bad go of it. And yeah, serious stuff, everybody pay attention, keep your head down, get out of the bad weather. Welcome to the Uptime Wind Energy Podcast. I'm your host, Allen Hall, and I'll be joined by my Uptime co hosts after these news headlines. In a major development for European offshore wind, Total Energies has agreed to acquire a 50 percent stake in two large scale offshore wind projects from RWE in Germany. The combined capacity of these projects is a staggering 4 gigawatts. Located northwest of the German island of Borkum, investment decisions are expected by 2027 and 2028, with full commissioning planned for 2031 and 32. The partnership not only strengthens TotalEnergy's presence in the German electricity market, but also significantly contributes to the country's efforts to decarbonize its energy sector. Across the Atlantic, Canada has passed groundbreaking legislation opening up its east coast to offshore wind investments. For Bill C 49 creates a framework for developing offshore wind energy in Nova Scotia and Newfoundland and Labrador. The bill amends the Accords Act, allowing federal and provincial governments to jointly manage offshore wind resources. As a result, regulatory bodies have been renamed to reflect their expanded role.