Battery Storage Is at Risk of a 29% Slump on Trump's Energy Policy, WoodMac Says
The US energy storage market is at risk of shrinking 29% next year if Republican lawmakers move forward with severe cuts to tax credits for the technology, according to a report from Wood Mackenzie and a clean-power lobbying group.
Uncertainty around tariffs and policy has paused decision-making for utility-scale battery projects originally scheduled to start up in 2026, said Allison Weis, Wood Mackenzie's global head of energy storage, power and renewables. While the current Senate version of President Donald Trump's fiscal package softens the blow to the industry, the exact impact is still unclear, she said.
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The Hill
9 minutes ago
- The Hill
Revised plan sells 1.2M acres of public lands
The Big Story A revised plan from Senate Republicans would sell off as much as 1.2 million acres of publicly owned lands, according to legislative text obtained by The Hill. © Jason Goode The updated text would require the sales of between 0.25 and 0.5 percent of the 245 million acres currently owned by the Bureau of Land Management, or between 612,500 and 1.225 million acres. Sen. Mike Lee (R-Utah), is spearheading the plan, which would be included in the GOP's megabill to advance much of President Trump's agenda. Lee has said he would revise his original plan, which would have sold off between 2.2 million and 3.3 million acres, after the Senate parliamentarian ruled it could not go inside the party's budget package. Lee's office did not immediately respond to The Hill's request for comment. The text obtained by The Hill only pertains to Bureau of Land Management lands, complying with Lee's promise to ax provisions in his original bill that would have also included National Forests. The updated version also makes further changes: It specifies that land that is sold must be used 'solely for the development of housing or to address any infrastructure and amenities to support local needs associated with housing. It also requires land sold to be within 5 miles of the 'the border of a population center.' Read more at Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will affect the energy and environment sectors now and in the future: Schumer taken to hospital for dehydration amid DC heat wave Senate Minority Leader Chuck Schumer (D-N.Y.) was taken to a Washington-area hospital Wednesday after becoming lightheaded at the Senate gym during the morning. Judge blocks Trump from withholding EV charger infrastructure funds A federal judge on Tuesday issued a ruling blocking the Trump administration from withholding funds for electric vehicle charger infrastructure from 14 states. 'Alligator Alcatraz': What to know about Florida Everglades migrant detention site The nearly 40-square-mile site was first developed in the late 1960s with plans to become a major hub, but the project fizzled because of environmental concerns, leaving just a single strip that has been used as a training site and for rare general aviation needs. What We're Reading News we've flagged from other outlets touching on energy issues, the environment and other topics: Shell in Early Talks to Acquire Rival BP (The Wall Street Journal) On Tap Upcoming news themes and events we're watching: What Others are Reading Two key stories on The Hill right now: Questions around success of Iran strikes spark fears on Capitol Hill Questions swirling around the success of U.S. strikes on Iranian nuclear sites are raising fears on Capitol Hill that more could be coming. Read more Trump calls for firing of CNN reporter over Iran nuclear damage report President Trump on Wednesday called for the firing of CNN correspondent Natasha Bertrand, who reported on air an internal U.S. intelligence assessment that found Saturday's strikes on Iranian nuclear sites set back Tehran's nuclear program by only a few months. Read more You're all caught up. See you tomorrow! Thank you for signing up! Subscribe to more newsletters here
Yahoo
9 minutes ago
- Yahoo
US military to create two new border zones, officials say
WASHINGTON (Reuters) -The Pentagon will create two new military zones along the border with Mexico, U.S. officials said on Wednesday, a move that allows troops to temporarily detain migrants or trespassers. President Donald Trump's administration has hailed its actions along the border, including the deployment of active duty troops, as the reason for a sharp decline in crossings by undocumented migrants. Trump made voters' concerns about immigration a cornerstone of his 2024 re-election bid. The Pentagon has already created two military zones, but only four people have been temporarily detained on them, a U.S. official said. A new "National Defense Area" will be created covering about 250 miles (402 km) of the Rio Grande river in Texas and administered as a part of Joint Base San Antonio, according to the Air Force. The U.S. officials said the other military zone would be administered as a part of Marine Corps Air Station in Yuma, Arizona. The zones are intended to allow the Trump administration to use troops to detain migrants without invoking the 1807 Insurrection Act that empowers a president to deploy the U.S. military to suppress events such as civil disorder. As legal deterrents to border crossers, the zones have had mixed results. Federal magistrate judges in New Mexico and Texas dismissed trespassing charges against dozens of migrants caught in the areas on grounds they did not know they were in a restricted military zone. However, some 120 migrants pleaded guilty to trespassing in the first Texas zone in May and federal prosecutors obtained their first two trespassing convictions for the New Mexico zone on June 18, according to U.S. Attorneys' Offices in the two states. Around 11,900 troops are currently on the border. Illegal border crossings fell to a record low in March after the Biden administration shut down asylum claims in 2024 and Mexico tightened immigration controls.
Politico
14 minutes ago
- Politico
Housing fight blows up budget talks
Presented by California Resources Corporation BUDGET BLUES: California's last-minute budget negotiations are all coming down to housing and labor. Many rank-and-file Democrats and their powerful union allies are fuming about wage requirements tucked into a budget bill to fast-track housing construction, arguing they are far too low. Gov. Gavin Newsom has made his approval of the entire budget contingent on legislation that would ease environmental reviews for housing developments. A separate housing streamlining bill, which drew the ire of trades unions, would set minimum pay standards for certain construction projects. (The fate of the budget package does not rest on that second proposal.) The governor applied public pressure to lawmakers this afternoon in response to the resistance, calling the bills 'the most significant housing and infrastructure reforms in decades.' 'This is our moment to build the California Dream for a new generation,' Newsom said in a social media post. 'We're done with the roadblocks and delays — let's get this done.' The bills are reopening a longtime Sacramento housing labor battle. The Trades — whose members filled Senate and Assembly Budget Committee hearing rooms today to register their objections — contend the new standards would undercut higher wages they've achieved through bargaining and past legislation. 'It is frankly insulting that I'm addressing this committee about a budget trailer bill that has a residential minimum wage,' said Chris Hannan, Trades president, during the Assembly hearing. A letter the Trades sent to Newsom and legislative leaders says a fire sprinkler fitter working on residential projects in Los Angeles County earns almost $66 per hour under prevailing wage, comparing that to the $20-$40 minimum wage in the bill. Lawmakers are running out the budget clock. They must pass the spending agreement negotiated by Newsom, Assembly Speaker Robert Rivas and Senate President Pro Tem Mike McGuire by Monday. The eleventh-hour wrangling has injected drama into final budget hearings, usually pro forma affairs filled with self-congratulatory rhetoric. Instead, lawmakers openly expressed their outright disagreement with the housing bill, while Trades supporters unleashed on committee members. 'Make no mistake, this bill was amended this late and connected to the budget with a poison pill to force every member of this Legislature to vote for things that their conscience would never allow them to do otherwise,' Scott Wetch, a Trades lobbyist, told Assembly committee members. 'It's shameful, and it will leave a black mark on this Legislature and anybody who votes for it for the rest of your career.' Democrats complained the wage language is confusing and rushed — the kind of criticism about budget negotiations that usually comes from Republicans, who are almost entirely shut out of talks. 'Don't try to put members in a position where we have to decide between people who can't afford housing and people who can't afford groceries,' said Assemblymember Chris Rogers, a North Coast Democrat. 'And let's actually have real conversations about this, not hide it in the budget.' Los Angeles state Sen. Sasha Renée Pérez called the bill 'incredibly hurtful and inappropriate.' 'The lack of conversation, the lack of transparency is completely inappropriate,' Pérez said. 'And I hope we have larger discussions about huge, huge policies with implications that have so many impacts for so many workers all across the state.' IT'S WEDNESDAY AFTERNOON. This is California Playbook PM, a POLITICO newsletter that serves as an afternoon temperature check on California politics and a look at what our policy reporters are watching. Got tips or suggestions? Shoot an email to lholden@ WHAT YOU NEED TO KNOW TODAY THE OTHER BUDGET PROBLEM: Meanwhile, Washington lawmakers are also facing pushback on the federal megabill, which leaders are trying to push through Congress by July 4, our Jordain Carney reports. North Carolina Sen. Thom Tillis warned his colleagues during a closed-door meeting today that he would not vote to take up the party's sweeping domestic policy bill without further clarity on Medicaid changes, a person granted anonymity to disclose private discussions said. 'He said he wouldn't vote for a motion to proceed until he got some clarity on what's going to happen with the provider tax,' the person said, referring to a funding mechanism Senate GOP leaders are hoping to curtail that has sent billions of dollars to the Medicaid program in California alone. Tillis wasn't alone. Multiple other Republican senators warned Majority Leader John Thune during the lunch that they were not ready to vote to launch floor debate on the megabill, according to three attendees. But it's Tillis, who is up for reelection next year, who has emerged as a key vote to watch as Thune moves to try and meet the target for final passage of the bill. Thune isn't just facing pushback over health care provisions; a clutch of deficit hawks also still aren't on board with the bill. IN OTHER NEWS MAMDANI IN THE GOLDEN STATE: California leaders weighed in on Zohran Mamdani's victory in New York City's Democratic mayoral primary, with former Sacramento Mayor Darrell Steinberg saying 'voters are looking for hope and inspiration.' 'Experience still matters, but voters are willing to invest in younger candidates who may see our most difficult challenges with fresh eyes,' he told POLITICO. San Jose Mayor Matt Mahan, a well-known moderate, said his policy differences with Mamdani 'will be tested by reality.' 'I believe that to deliver these outcomes, we don't need bigger government — we need better government,' he said. 'We need practical policies that work.' Mahan also took the opportunity to invite 'any entrepreneur or company looking to leave New York' to come to San Jose, where they would 'find a warm welcome.' FINEME: California financial regulators fined a cryptocurrency company for the first time today, accusing the firm Coinme of failing to comply with a landmark 2023 state law regulating digital asset markets, our Tyler Katzenberger reports for POLITICO Pro subscribers. Seattle-based crypto exchange firm Coinme agreed in a draft court order to pay the California Department of Financial Protection and Innovation a $300,000 penalty after regulators said the company violated the state's Digital Financial Assets Law, which imposes regulations on cryptocurrency kiosks. The penalty includes a $51,700 restitution payment to an elderly Californian. WHAT WE'RE READING TODAY — The U.S. Department of Justice has sued the Orange County Registrar of Voters, accusing the agency of refusing to provide full records of non-citizens on its voter registration rolls and not keeping accurate registration lists. (Orange County Register) — A Los Angeles judge ruled that the California FAIR Plan's smoke-damage policy violates state law. (Los Angeles Times) — The vice mayor of a Southern California city is facing backlash from the Department of Homeland Security after a video in which she appears to call on gang members to organize against recent immigration sweeps. (CNN) AROUND THE STATE — Sacramento Mayor Kevin McCarty wants to prohibit homeless people from sitting or laying down outside City Hall except under specific circumstances. (Sacramento Bee) — The Los Angeles Police Commission said it would allow LAPD to use drones on routine emergency calls instead of restricting their use to only situations deemed dangerous. (Los Angeles Times) — The San Diego Board of Supervisors voted to explore a plan to step up mitigation of cross-border pollution in the Tijuana River. (San Diego Union-Tribune) — compiled by Juliann Ventura
