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Six months after inking California’s largest single energy storage procurement, utility Southern California Edison has added another three massive utility-scale battery projects to its portfolio—plus a behind-the-meter battery project with Sunrun. gigawatt-hours of energy storage capacity, for August 2021 delivery.
utility can reach net-zero carbon emissions by 2050 while still keeping natural gas as a central part of its business, both to generate electricity and to sell to its customers. utility has yet fully fleshed out how it intends to eliminate natural gas power plants from its generation portfolio. To be sure, no U.S.
Japan’s electricity sector is facing the triple challenges in the energy transition of energy security, cost and decarbonisation , writes James Tedd from GridBeyond. While there has been growth in the solar sector, most generation is provided by gas and coal. Have you read?
The IEA’s Electricity2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% in 2023, less than the 2.4% annually through 2026.
Incentivizing Green Hydrogen: The CBAM could incentivize the production of green hydrogen , which is produced using renewable energy sources and emits no carbon dioxide. This could lead to breakthroughs in areas such as electrolysis efficiency, carbon capture, and storage, or the use of alternative energy sources for hydrogen production.
The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Happy Monday! Lots of spice for clean investment this week. The picture was less rosy for new wind and heat pumps, both of which have suffered from high interest rates. .
Pacific Gas & Electric is on the verge of escaping from its 18-month bankruptcy , only to begin a years-long effort to prevent a repeat of the disasters that pushed it into insolvency in the first place. PG&E must keep up with the state’s ambitious clean energy, environmental and electrification goals. Of that, about $7.8
After several delays spanning at least a year, the government has finally unveiled vision for a future net zero energy system - here are the eight things you need to know about the long-awaited Energy White Paper. Nuclear projects - large, small, and fusion - are part of the net zero vision.
Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. Since the IRA passed, 265 clean energy and manufacturing projects worth $100B+ have been announced. Proterra, the dominant electric bus maker, was just one high profile example. 👻 Spooky season for clean energy stocks.
KoBold Metals discovered a major copper deposit, which could be the start to solving growing supply and demand imbalances brought on by copper’s fundamental role in the energy transition. Demand The most critical of energy transition minerals. Demand is on the rise.
This new Office should take ownership of delivering the net zero agenda with oversight from both the Cabinet Office and the Department for Business, Energy and Industrial Strategy (BEIS), working closely with devolved governments, the National Audit Office, and the Climate Change Committee (CCC), among other agencies. million by 2033.
Big Tech is going nuclear, with big news in small modular reactors. We’re diving into Amazon’s new deal with X-energy, where it’s paying prime for next decade delivery. Amazon will also lead the $500m C-1 round of X-energy, which is developing High Temperature Gas-cooled Reactors (HTGR) SMRs.
In deals, $90m for animal-free dairy, $50m for fusion, and $30m for resi solar and storage. Ship Orders Yara Eyde, a joint venture between Yara Clean Ammonia and North Sea Container Line, aims to be the world’s first clean ammonia-powered container ship. Want more deals?
In deals, $550m for sustainable data centers, $500m for electric vertical take-off and landing services, and $471m for EV manufacturing platforms. In other news, climate change-fueled Hurricane Helene’s devastation; climate onstage at the US VP debate; and the US’ plans to restart decommissioned nuclear sites.
Deals of the Week (10/8-10/15) Venture Fundings 🔋 Skeleton Technologies , a Tallinn, Estonia-based graphene-based supercapacitor and battery energy storage developer, raised $113M in Corporate funding from Siemens Financial Services and Marubeni. 💼 Find or share roles on our job board here.
In deals, $59m for nuclearenergy across two deals, $50m for Perovskite-silicon hybrid solar panels, and $30m for DAC. In other news, BP cancels green hydrogen projects, solar stocks plunge, and new grid transmission investments. Thanks for reading! Not a subscriber yet?
A handful of new announcements from Exxon, Shell, Google, and more show how emerging clean firm technologies are scaling up to power the sector. In deals, $600m in data centers, $44 in lithium-ion energy storage and $35m in drone monitoring. What happened? Chevron’s CEO also said that the company has similar plans.
The US grid got its first new nuclearpower in nearly seven years last week. Plant Vogtle began commercial operations from the first of two new reactors, but the over-budget and years-delayed project could be the last hurrah for big nuclear construction in America. Happy Monday! Not a subscriber yet?
The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures. Nuclear is having its moment in the sun. Last COP featured the conference’s first nuclear-themed pavilion, and this year boasted eight.
We’ve just returned from Texas, where CERAWeek — the "Super Bowl of Energy" — brought together the biggest players in oil, gas, finance, and policy. In deals, $40m in specialty chemicals manufacturing, $28m in direct air carbon capture, and $28m in grid power storage. Full transcript here.)
Duke Energy’s third-quarter earnings report on Thursday revealed success in managing the effects of the coronavirus pandemic on its multistate utility operations. Historically, energy policy in North Carolina has moved in a bipartisan way," she said.
In other news, Elon Musk's potential influence on environmental policy; clean energy stocks fell after the election news; and climate policy momentum in local and state elections. In deals, $552m in renewable energy development, $340m in battery cell manufacturing, and $27m in mobile energy storage.
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