Vulcan Platform Summary

Currently, Vulcan coverage exceeds 115 GW (excluding canceled/postponed or operational units). This coverage is a combination of confirming and finding the start of construction for existing projects, identifying new construction at sites without construction, and a small portion of unobserved plants (plants that the satellite could not capture clearly due to clouds or other issues). Compared to the overall EIA-860, this represents a total coverage of 64%. However, since Vulcan's initial goal was to identify construction, removing completed plants or those over 50% constructed increases coverage to 75%. The "Null" in the charts below represents the non-UC coverage.

When examining coverage by region, we observe higher levels in ERCOT, MISO, and PJM. Excluding projects already over 50% constructed or completed, all regions have a coverage ratio closer to 80%.

Vulcan UC continues to expand its coverage. For clients, we offer a way to submit projects for monitoring. Whether it's datacenters, liquefaction facilities, or proposed power plants, simply provide the GPS coordinates or address, and we will add it to our process.

This week, we identified three projects that have begun land clearing in ERCOT. Two out of three of these projects should be reviewed in your genstack and likely placed online near the proposed EIA online date. One of them is likely to miss its online date by three months or more. Clients can map the EIA plant ID and gen ID to their genstack to easily make improvements and produce better power modeling results.

On the Vulcan Coal front, it appears that coal generators are better prepared for the bearish fall compared to last year. Overall inventories are rising, but individual plants with significantly high inventory are not as dramatic as in the previous year. Vulcan clients can monitor the situation weekly during these crucial time periods. Uneconomic dispatching due to high coal inventories is a function of individual plants, not overall inventories. Because Vulcan Coal examines individual plants, our clients will have a better understanding of when and where issues could arise that could lead to additional bearishness in the gas markets.