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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.
Last summer’s record heat waves triggered a surge in power demand that maxed out supplies and led to outages across the West. But rising temperatures from climatechange are just one challenge. And the state’s last nuclearpower plant and numerous coastal gas power plants are facing retirement. ROOT CAUSES.
West pushed electricity demand past available supply, and problems with California’s resource adequacy program and market practices for ensuring adequate grid capacity failed to correct the imbalance. Simply put, the heat waves that blanketed the U.S. 14 and 15 emergencies.
New analysis reveals that on May 24th over half of the continent's power came from renewables, as UK's coal-free run extends beyond 50 days. On a Sunday late last month, 55 per cent of Europe's power was delivered by wind, solar, and hydroelectric sources.
Generate became an early investor in asset classes that conventional lenders shied away from, including fuel cells, anaerobic digesters, behind-the-meter battery storage, electric buses, microgrids and unconventional solar projects. The company said in a statement that it invested $1 billion over the last five years.
With the global need for action more pressing than ever, the strategy and conference have called for a complete rebuilding of the energy system, with renewable energy set to play a central role. We're still a long way from securing a sustainable energy system that consistently meets our needs while we make the transition to net zero.
The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Winners include manufacturing, up 133% from 2022, and emerging climate technologies that saw a whopping 10x jump to $4.3bn. Energy & industry. Happy Monday! of dollars put to work.
Examples include energy engineers, environmental attorneys, urban planners, water resource engineers, wildlife conservationists and environmental researchers. Individuals passionate about protecting the environment, combating climatechange and creating a more secure future for all should consider a career in sustainability.
Next-generation nuclear technologies will divert resources away from cheaper options that can more quickly contribute to energy security and climate goals, argues Andrew Warren There was precious little in this month's Budget of direct interest to BusinessGreen readers. Instead, sizes range from 3MW to about 500MW.
The energy industry's interest in low carbon hydrogen is building fast, and the nuclear industry reckons it could yet have a crucial role to play. There may be on-going debates about how best to use hydrogen - should it be deployed to heat buildings, provide energy storage, decarbonise heavy industry, or fuel trains and planes?
Liz Truss, Rishi Sunak and Downing Street face mounting pressure to ramp up support for energy efficiency and billpayers as autumn draws nearer. Britain's cost of living crisis is getting worse, leaving people scared about how they'll get through the winter," said Starmer.
Only 3 percent of the Wyoming project’s CO2 has been geologically stored in the same formation from which the original gas was extracted, according to estimates from the Institute for Energy Economics and Financial Analysis (IEEFA). C and with the net-zero energy transition. Credit: NET Power , CC BY-SA 4.0
Like, for example, climatechange. Bezos has himself said, in explaining the importance of protecting our planet, that earth is mankind’s best bet for long-term survival and that climatechange?—?the Clean Electricity Like their peers, Amazon has been transitioning to fuel its data centers with solar and wind power.
Examples include energy engineers, environmental attorneys, urban planners, water resource engineers, wildlife conservationists and environmental researchers. Individuals passionate about protecting the environment, combating climatechange and creating a more secure future for all should consider a career in sustainability.
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 ClimateChange Committee (CCC), among other agencies.
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.
Then, beginning around 2009, first wind turbines and then solar photovoltaic panels decreased enough in cost to become competitive in electricity markets. will need to nearly triple its 2020 growth rate for the grid to be 80% powered by clean energy by 2030. (As 3 ways to bring wind and solar into the grid.
From energy to climate and housing to healthcare, all the way through to stagnating wages, strikes, and declining public confidence in his government's Brexit project, crises abound in almost every direction for the UK and its new Prime Minister. Rishi Sunak certainly has a job on its hands in 2023.
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.
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
A new study published in the journal Nature ClimateChange has warned that the sharp reductions in greenhouse gas emissions experienced this year as a result of the coronavirus crisis are likely to a "negligible" impact on temperatures. "On Tariff row threatens Indian solar boom.
In this edition, ADM’s CCS project has hit a rocky patch — corrosion and leaks are drilling into its climate ambitions, with potentially broader implications for CCS projects in the US. tonnes of CO2 annually, as well as to enable CCS at three industrial sites producing hydrogen, power, and energy from waste.
Two opposing views on how to tackle the energy transition - by Yvo de Rooij Summary - Humankind stands at a crossroads to shape tomorrow's world. Increasing population and affluence subsequently increases overall demand, be it in the form of food, water or energy. Freshwater The access to freshwater is crucial for human survival.
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.
a year-long deployment that demonstrates how the Navy is leading the nation in a shift to renewable, and more reliable, energy sources. SecNavy Having toured clean energy projects around the world, I feel confident in reporting that the Navy is leading the charge on renewables and energy efficiency in the U.S., themselves.
Giddy up — we’re going carbon cowboy this week with a deep dive into CarbonCapture’s decision to suspend its planned DAC facility, Project Bison, amid competition for clean energy from data centers. Plus, the US powers ahead with $7bn for rural electrification. It’s also about the infrastructure.
electricity sector by 2035, and the cost imperatives of U.S. The report gives some of its worst marks to some of the biggest utilities with net-zero carbon by 2050 goals, including FirstEnergy , Duke Energy , Dominion Energy and utilities operated by Southern Company. And only two — Northern Indiana Public Service Co.
Many businesses have faced instability and uncertainty over the last few years from the combined impact of shifts in power, the U.K.’s that are worth monitoring for your success as a green business. Energy Use and Carbon Emissions. Sustainability Regulations: Why They Matter to You. Sustainability Regulations Taking Hold.
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?
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.)
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?
February 2021 Cleantech Roundup: Climate Software Gold Rush | Lone Star State Struggles | Jobs and the Energy Transition Credit: Poole Group This month, we’re covering the rush of investing into startups that quantify, manage, and verify carbon emissions reductions, Texas’ grid troubles, new research on transitioning fossil fuel workers, and more!
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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