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Stem, the decade-old behind-the-meter battery startup that was seeking a buyer earlier this year to bolster its growth ambitions, is now launching a plan to go public via a special-purpose acquisition corporation (SPAC) reverse merger. Friday’s announcement names Star Peak Energy Transition Corp. and abroad. and abroad.
Jamaica Public Service Company has reported that 520,000 smart meters were installed at the end of January, corresponding to about 75% of the customer base. The rollout, launched in 2015, has seen a J$14 billion (US$90 million) investment as part of the initiative to modernise the electricity network and improve the customer experience.
I just had a solar-plus-storage system installed at my new home in Tempe, Arizona. It was surprisingly complicated, and I research distributed solar for a living. Don’t get me wrong — I love our new system and take immense pride in all the carbon-free energy it will produce for us and the grid. cents to 6.2
Generac Power Systems is acquiring Enbala Power Networks, a major step toward putting its market-leading backup generator business and its fast-growing behind-the-meter battery-solar fleet to work as a power grid resource. Canada and Australia, according to Wood Mackenzie data. Leading U.S. Leading U.S.
Renewable energy retailer Octopus Energy US is partnering with Enphase Energy, Inc., a supplier of microinverter-based solar and battery systems, to create a Texan Virtual Power Plant (VPP). This is the latest move from Octopus Energy in its US market.
California is facing a major decision under a tight deadline — whether it should push for large-scale power plants and batteries to prevent a repeat of its August 2020 rolling blackouts this coming summer, or turn to behind-the-meter resources like batteries and demand response. 14 and 15 last year. 14 and 15 last year.
Spain’s booming renewable energy market is attracting the attention of an unlikely retail segment: mobile phone companies. Phone firms including national leader Telefónica are jostling to offer clean energy alongside more traditional products such as broadband connections. A boom brought on by the end of the sun tax.
residential solar market just experienced its best-ever quarter, with 712 megawatts (DC) installed. state markets, and there is opportunity across the solar value chain. residential solar sector. home solar market? But from 2015-2017, the company made a concerted effort to reduce its costs by 50 percent.
In our previous article, titled Scope 1 2 3 Emissions Explained: Understanding the GHG Protocol’s Emission Classification System , we defined scope 1 emissions, scope 2 emissions, and scope 3 emissions as follows: Scope 1 emissions are GHGs released directly from a business. What are business scope 2 emissions?
Analysis by E3G and Global EnergyMonitor calculates pipeline for pre-construction coal plants has plummeted 76 per cent since 2015. Moreover, it claims a further 16 countries only have one new coal power plant each in development, putting them just "one project away from a future without coal".
Whether booming off-grid power demand in emerging markets is met with grid extension or distributed renewables will be central to the growth story of the global clean-power sector. Wood Mackenzie's working definition of minigrids. Source: Wood Mackenzie. Minigrids the lowest-cost option for many.
There are fears for one of America’s last two remaining concentrated solarpower developers as the embattled sector attempts to pivot to a new business model abroad. power-purchase agreement, with the Berkshire Hathaway-owned Nevada state utility NV Energy, last October, according to a lawsuit filed at the time.
Distributed energy resources (DERs) is an expansive term, including everything from backup generators to microgrids. In some states with 100 percent clean energy mandates, like California and Hawaii, the focus is on solar — lots and lots of it — and the tools needed to integrate this massive new grid edge resource.
When you’ve followed the evolving research of a leading clean energy expert and become a supporter of his vision for a global clean energy transition, it should come as no surprise that I was eager to crack open Mark Jacobson’s 2021 book release, 100% Clean, Renewable Energy and Storage for Everything.
Engie is on the lookout for more clean energy acquisitions in the U.S., With a long history in fossil fuels and nuclear energy, Engie has pivoted dramatically toward renewables over the past few years — a strategy that included the U.S. “Do we want to continue with acquisitions? Last year Engie signed more U.S.
Tighter rules on the carbon footprint of new homes in England look set to trigger a fresh boom for residential solar. New homes will be expected to produce 31 percent less carbon dioxide than they do now, according to plans laid out this week , which will require better energy efficiency and being “heat pump ready.”
With continued advances in energy efficiency, green technology and design, houses built today operate more sustainably than they did several decades ago. Energy efficiency. Home renewable energy systems. Philips offers an online energy calculator for consumers to figure out just how much energy they use.
Raptor Maps uses artificial intelligence and thermal imaging to maintain two percent of solar panels worldwide—but its path there was far from linear. When they made their software available online, they noticed something surprising: solar farm operators were flocking to drone-based thermal imaging.
Citing the telecom industry’s openness to change, Adrian McNulty – VP Investor Solutions for IQGeo – outlines some of the main lessons that electric utilities can learn from telecom operators to adopt a culture of innovation and proactive planning for new technology and changing customer demands.
The strong montly performance follows an update from the Microgeneration Certification Scheme (MCS) , which confirmed 130,596 rooftop solar installations were carried out last year as the number of deployments doubled on 2021 levels. Solar is surely one of the fastest-growing sectors in the UK right now. million of them on homes.
Local community solar projects enhanced by one-stop shop digital systems are set to play a crucial role in the global energy transition. The History of Civilization is in many ways the History of Energy. The control of energy has been a key – some say the key – factor in geopolitics and capitalism.
residential solar inverter and optimizer sales, and microinverter maker Enphase, its distant second-place contender, both reported strong fourth-quarter 2019 earnings this week and forecast continued growth in 2020, sending their share prices up. SolarEdge, the market leader for U.S. The Israel-based company has grown to dominate the U.S.
The solar industry met in Salt Lake City with a more sweeping and disciplined message than in some years past : Rally to extend the federal investment tax credit and buckle up for a decade of massive industry growth. The SolarEnergy Industries Association industry group published a roadmap Monday to increase solarpower to 20 percent of U.S.
The electric vehicle battery recycling and manufacturing venture founded by the former chief technologist of Tesla announced today that it will help decommission and recycle a 4MWh stationary storage substation in Kauai, Hawaii, as part of a massive solar array. That one is still powering away and will be for many more years!”
Corporates unlock key opportunities for climatetech deployment at scale, due to their capital, purchasing power, and market access—especially given that climatetech is a largely B2B industry with high capital requirements. 2015 PROPEL (2015). Sector: Electricity. Sector: Electricity. Topic: Solar materials.
Our energy grid was built around centralization. But as renewable energy sources such as solar and wind gain traction, the grid needs to adapt to include an array of components. Microgrids are smaller networks that use local energy sources. Photo courtesy of Heila Technologies.
A major cold snap led to record electricityusage in the Canadian province of Alberta over the weekend, culminating in demands from provincial utilities to limit consumption. The extreme cold and record-setting electrical consumption has reignited local debates about whether heat pumps are a viable option in the province.
The next wave appears to be the phasing out as many natural gas-fired facilities as is feasible as more wind and solar resources are deployed. In the UK, for example, the government has committed to phasing out all coal-fired power generation by 2025. Over the past decade, the nation has installed around 20 GW of renewable power.
Batteries aren’t dead when they come to the end of their useful life in an electric vehicle. He said GM designed its new Ultium battery pack with second-life applications in mind and is currently working with partners to develop a business case around battery reuse. "We Electric bus manufacturer Proterra took the same approach.
There were nearly 5 million light-duty electric vehicles on the road at the end of 2018 — roughly 50 percent more than the year before. The electric vehicle (EV) revolution depends on getting the right infrastructure, in the right locations. Wood Mackenzie now expects the global EV stock to surpass 37 million by 2025.
Distributed wind is often forgotten in discussions about clean energy sources. Although lawmakers eventually passed an extension of the federal Investment Tax Credit (ITC) for small wind turbines, recent years have not been kind to the distributed wind industry, even as growing attention has been paid to behind-the-metersolar and storage.
Energy giant announces it is offer new range of solar, energy efficiency, EV charger, and insulation services to households across the UK British Gas has this week announced a new range of services for domestic customers designed to make it easier for them to install the latest cost-saving clean technologies.
Trade body Energy UK becomes latest influential group to endorse plans to shrink electricity bills by reducing the costs paid to legacy low carbon electricity generators.
You’ll also learn about key technology areas that are driving momentum to equitably tackle the climate crisis, and explore the plentiful opportunities for everyone to be a part of the energy transition that’s already unfolding. We had big news to announce at the 2015 DEMO Day: an expansion to our current headquarters, 444 Somerville Ave.
This is the most important year for climate action since the Paris Climate Agreement was passed in 2015. Meaningful progress on climate change in this decade will require significant changes to almost every sector of the global economy, including energy, transport, industry, agriculture, cities, finance, and land use.
You need to remove policy hurdles such as in the Renewable Energy Directive, so that you can faster scale the hydrogen economy in Europe, and use that to build out the infrastructure”, Simon Herbert, ExxonMobil’s vice-president of low carbon solutions, told the World Hydrogen 2024 conference in Rotterdam last week.
Key technologies include electrification, on-board batteries, solar panels, synthetic fuels, carbon capture and storage and possibly hydrogen. All data concerning Sleipnir is either taken from public sources such as the Heerema website , or is ‘generalized’ to avoid potential commercial conflict or IP infringement.
The content was produced by BBC StoryWorks, a studio that produces videos, podcasts, and articles paid for commercial clients, which it publishes on BBC channels outside the UK. BBC StoryWorks has also produced content for liquified natural gas (LNG) companies, and has touted the energy source as a cleaner alternative to other fossil fuels.
Between 2021 and 2022, the global weighted average levelized cost of electricity (LCOE) of ten newly commissioned geothermal projects fell by 22% to USD 0.056 kWh. This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.”
Government sets out plan to establish business models and funding mechanisms to deliver carbon capture and storage at scale in the 2020s. A similar CfD approach is also being touted by the government for developing low carbon hydrogen production , including through CCUS or via electrolysis using renewable electricity.
Buildings account for nearly 40% of energy-related CO2 emissions, according to WRI. Every $1 invested in efficiency alone saves $2 in new electricity generation and distribution costs, said WRI. Energy and Climate Branch (UNEP) and Head of the GlobalABC Secretariat, UN Environment Programme.
Iceland's start-up community is looking to go global with its efforts to bolster the clean energy transition. The land of midnight sun, spectacular waterfalls and adorable ponies with 1980s rocker hair. That cleared the way for the country to reach 100 per cent renewable electricity in 2015 (more on that in a later column).
Two reports out this week have highlighted how developments across 2021 are set to catalyse policy and technological trends that could catalyse the retreat of fossil fuels across the global energy system. Hopes that energy-related emissions could peak in the next few years feel more fragile than ever.
Various Positions | Racepoint Energy | Various Locations. About Racepoint Energy. Racepoint Energy was founded in 2015 by business owner Robert Madonna in beautiful Cape Cod Massachusetts. At Racepoint we are rethinking the grid , developing innovative solutions to the unique energy requirements of our time.
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