Also: Climate change is unraveling Texas’ housing market

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Southeast

7 February 2025

Good morning. We made it to the end of the week — Southeast Energy News’ first in its new home at Canary Media.

 

Today, we’re looking at why a company is canceling its plans to build a battery factory in Georgia. A pair of Kentucky battery plants are still on track, and its employees will soon hold an election on whether to unionize. And on the coasts, soaring insurance rates driven by climate risk are beginning to unravel the housing market.

Mason Adams

TODAY'S TOP NEWS

STORAGE

  • A Norwegian company cites higher interest rates, falling battery prices and a change in corporate leadership in its announcement it’s canceling its planned $2.6 battery factory in Georgia. (Newnan Times-Herald; Atlanta Journal-Constitution, subscription)
  • The United Auto Workers pushes to unionize a Kentucky battery complex owned by Ford and South Korean company SK On that’s on track to begin production this year. (WKYU, Spectrum News)

CLIMATE

Climate change threatens to destabilize Texas’ housing market as insurance rates in vulnerable areas soar to the point where homeowners can’t afford them and potential buyers are unwilling to assume the cost. (Houston Chronicle)

CARBON CAPTURE

Texas carbon capture advocates call for the state to attain regulatory oversight powers because the U.S. EPA has failed to approve any of 17 proposals so far, and Occidental Petroleum’s ambitious plans have now reached the public review stage. (Texas Tribune)

SOLAR

  • A nonprofit that helps schools in coal-producing regions switch to renewables announces it has installed 451 kW of solar power at two Virginia schools and 600 kW at two West Virginia schools. (news release) 
  • An energy company begins operations at a 202 MW solar farm and 104 MW battery storage facility in Texas. (Renewables Now)
  • A South Carolina county approves a tax break for a 400-acre solar farm in return for its promise to invest $40 million into the local economy within five years. (WHNS)

WIND

The owner of a large Texas ranch sues the federal government for allegedly failing to conduct an environmental review of a planned wind farm the plaintiff argues will threaten endangered birds. (Bloomberg, subscription)

GRID

  • North Carolina appoints an interim chair for its utility regulatory board after the previous chair resigned in late January. (Daily Energy Insider)
  • The Tennessee Valley Authority’s CEO says the federal utility likely will comply with Trump’s order for workers to fully return to in-office work. (Chattanooga Times Free Press, subscription)

UTILITIES

Despite congressional concerns about growing power demand, Tennessee Valley Authority CEO Jeff Lyash says the federal utility always agrees to provide power for new businesses. (Chattanooga Times Free Press)

FOSSIL FUELS

Colombia’s president orders the state-run oil company to cancel a contract with Texas firm Occidental Petroleum due to concerns over its use of fracking. (Associated Press)

COMMENTARY

  • West Virginia’s culture is built largely around the fading coal industry even though healthcare has supplanted it as the state’s top industry, writes a doctor. (Charleston Gazette-Mail)
  • An editorial board discusses Arkansas’ prospective wind energy industry after state lawmakers kill a bill to limit wind turbine height to protect migratory birds. (Arkansas Democrat-Gazette, subscription)
  • A longtime Georgia energy regulator takes issue with a recent news story suggesting state officials have “rubber stamped” Georgia Power’s long-term plans without adding more renewables. (Macon Telegraph)

MORE NEWS: Midwest | Southeast | Northeast | West

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