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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.
Swell Energy has lined up $450 million in financing to give homeowners and business owners batteries and solar systems at no upfront cost, and earn the money back by turning them into virtual power plants serving utilities’ grid needs. Ares Management Corp.
Streaming requires massive amounts of energy to store, process, and deliver content globally. Not surprisingly, most data centers still rely on non-renewable energy sources. The issue is only growing as demand for high-definition and 4K streaming riseshigher resolutions mean more data, which means more energy consumption.
ReNew Power in India is acquiring two assets with a combined enterprise value of INR28.5 which owns the 99-MW Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd., which owns the 99-MW Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd., billion to 4.0 million to 53.4
The energy and utilities industries play a significant role in carbon emissions. In the US, 25% of greenhouse gas (GHG) emissions come from electricity generation. This is not surprising, with coal and natural gas representing about 60% of electrical supply. Energy Transition for Sustainability. Have you read?
The solar-plus-storage market is evolving rapidly and will look completely different a decade down the road. Batteries will be incentivized or mandated for practically every new solar PV system across the U.S. More battery and inverter packages from the same brand. What can we expect on the way to 2030? Here are 10 predictions.
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.”
AI spurred clean firm power, Europe strengthened carbon markets, and emerging economies’ climate tech demand opened up. 🚗 Vertical: Energy came top in 2024 investment, up 12% to $9.4bn. Scala and Crusoe both support clean energy for data centers. Transportation underperformed, down 36%.
New Jersey looked like the promised land for energy storage. installed solar capacity , ahead of nearby New York and Massachusetts. Phil Murphy campaigned in 2017 on a clean energy platform that pushed for a 100 percent clean grid by 2050. The state already has the seventh largest U.S. Who’s the Boss?
The 2050 goal itself had already been adopted by the secretary of energy and environmental affairs under preexisting law. Not surprisingly, many of the levers the new act pulls are embedded within familiar state energy policies. The act makes several changes to net metering. or otherwise shake things up.
🚗 Vertical: Transportation and Energy investment declined, but remained on top. Redwood Materials received a $2bn loan from the US Department of Energy in Feb 2023. Ascend Elements received a $480m grant from the US Department of Energy in Oct 2022. 2 spot behind Energy Storage, which rose from no.2 2 to to no.1.
On the eve of the crucial G7 Summit, the Prime Minister again underscored his support for a green recovery with a visit to a new wind and solar farm, but critics were more interested in how he got there. ScottishPower said the project was the first of its kind in the UK and is set to provide enough green power for up to 15,000 homes. "I
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.
The tech giant is increasingly confident it can, and this week unveiled a sweeping package of new investments and initiatives designed to slash emissions across its sprawling global supply chain. In total, Apple estimated the planned investments will add around 3,000 gigawatt hours per year of renewable energy on the grid.
Packaging and specialty plastics is a significant part of Dow's business. From packaging for food and medicines, cars and airplanes, wire and cable materials, to specialised films and adhesives for industrial applications; we serve much of the world with the high-performance, low-carbon emissions materials needed.
Conservative Environment Network calls for expansion of schemes for energy efficiency and heat pumps, alongside longer-term clarity to encourage green investment. If we act decisively now, we can insulate hundreds of thousands of fuel-poor homes to lower energy bills permanently," he said.
Clean energy for Native American communities. As the North American program manager for the Climate Group’s EV100 program, Badalian works to get large companies to commit to 100 percent electric mobility by 2030, then helps them replace global fleets with electric vehicles, deploy charging stations and affect government policy.
But players across the green economy were quick to point out the government's package of policies and tax changes was notably bereft of focus on three other critical 'E's that are planks of a prosperous economy: environment, energy, and efficiency. Here, BusinessGreen rounds up all of the reaction from the green economy.
To use a green certification or seal of approval on marketing or packaging, make it clear if your company is materially connected with the group behind it, such as receiving funds from it. Will the product and its package break down completely and 'return to nature' within a year? Made with renewable energy. Recycled content.
While 70% of total expenditures are directed toward “Clean Energy & Clean Air” investments, additional claims on those funds may diminish the amount made available for direct emission reduction activities. 3 Less coverage generally lowers price signal impacts, unless the changes for those sectors require a much higher price signal.
And so today's report's conclusion that while the scale of the challenge is monumental - the world must peak emissions by 2025, before halving them by 2030 - it also encouragingly makes clear that the world already has all of the tools it needs to achieve these aims, in order to keep the chances of limiting global warming to 1.5C
In deals, $2.2bn in electric cars, $800m for Octopus’ expansion, and $34m for EVs in India. Verdagy , Electric Hydrogen ). Industry incumbents like utilities, nuclear, hydro, and oil and gas with legacy energy production along with regions with little access to solar and wind may also be left in the cold.
Clean energy for Native American communities. As the North American program manager for the Climate Group’s EV100 program, Badalian works to get large companies to commit to 100 percent electric mobility by 2030, then helps them replace global fleets with electric vehicles, deploy charging stations and affect government policy.
From switching to renewable energy suppliers to retrofitting workspaces and conducting energy audits, the tips we give are to be used as guidance, along with your carbon footprint report, to help you develop a carbon-neutral strategy. . 1: Switch to a renewable energy supplier . 3: Increase efficiency of office lighting.
From switching to renewable energy suppliers to retrofitting workspaces and conducting energy audits, the tips we give are to be used as guidance, along with your carbon footprint report, to help you develop a carbon-neutral strategy. . 1: Switch to a renewable energy supplier . 3: Increase efficiency of office lighting.
Dominic Rowles, Lead ESG Analyst, Hargreaves Lansdown said the decision to retain the 5p cut implemented by the Conservatives in 2022 was “good news for the nation’s motorists in the short term, but could hinder take up of climate-friendly electric cars.” On infrastructure, the statement included £3.9
Electric truck maker Rivian will test out customer willingness to pay for clean energy to power their EVs with a new “green charging bundle.” Rivian, RECs, and emissions reduction responsibility ‘EVs are only as clean as the electricity that powers them,’ the criticism goes.
Beijing needs to come up with stronger implementation plans to ensure an emission peak before 2025. Just to put that in perspective, the entire Department of Energy over the next 10 years is going to spend $450bn. We're talking about an investment in climate change larger than the entire Department of Energy.
In deals there’s $283m for electrolyzers across two deals, $16m for energy efficient processors, and $11m for DAC. Early-Stage ⚡ Efficient Computer , a Pittsburgh, PA-based energy-efficient processor developer, raised $16m in Seed funding from Eclipse Ventures. Thanks for reading! Not a subscriber yet?
The past decade has been a wild ride for America's massive electricity sector. Cheap wind and solar have turned the industry's conventional economic wisdom on its head. NextEra Energy: America's renewables behemoth. NextEra Energy: America's renewables behemoth. Today, no U.S. Today, no U.S.
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.)
This week, we’re giving you a breakdown of Carlyle's interesting "New Joule Order" report, which argues that energy security is now the driving factor in the energy transition, with major implications for investors and beyond. Energy security takes the lead. to your contacts.
Senate will consider a bipartisan energypackage this week that could be this year’s best legislative hope to increase federal funding for a number of energy technologies, from solar, wind and batteries, to more efficient fossil fuel-fired power and carbon capture. Renewable energy.
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