Amarin Corp Plc (AMRN)

[sts66]

Well I'll be damned - you're right, during sunny days CA actually has more power than they can use:

https://www.washingtonpost.com/us-policy/2022/09/21/california-is-awash-renewable-energy-except-when-its-most-needed/

But on hot days by 5:00 pm when solar output starts dropping drastically they're close to needing rolling blackouts - got too far ahead of themselves shutting down NG generators before they found a way to store the excess day power and use it at night - not that they could store enough to meet demand for more than a couple hours tops, they don't have THAT much overcapacity during the day. Ironically, one of the most efficient ways to store that power is pumping water uphill into a reservoir during the day, then using it to generate hydropower at night - they can't do that because they lack the water needed for such systems - it's a LOT of water, and they'd need new transmission lines to send the power to those systems, as you wouldn't want to build one in the desert, would lose too much water from evaporation.

As far as Diablo Canyon, I watched a documentary on the San Andreas fault (and earthquakes/tsunamis in general) last night on a DSC channel - unbelievable the crap they got away with to get building permits - the utility claimed it wasn't near any fault lines and refused to let a geologist testify that they were - and the state/Fed government let them get away with it!?! It's supposed to be shut down in 2025 but now they're talking about re-certifying it because they need the power at night.