What We’re Reading

Exclusive: Major companies united to push climate solutions

A group of eight large companies, including tech and entertainment heavy hitters such as Amazon, Google, Microsoft, Salesforce, Disney and Netflix, are joining environmental groups and the U.N. to devise ways to scale funding for climate solutions. The collective will be called the Business Alliance to Scale Climate Solutions (BASCS), and will serve as a knowledge-sharing network that has the potential to accelerate companies' emissions reduction efforts.

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Oil Majors Look to Fill Businesses’ Growing Appetite for Green Power

Businesses are buying more renewable power, and oil majors want a piece of the action. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals to supply electricity to big corporate buyers like Amazon.com Inc. and Microsoft Corp., treading into the domain of traditional power companies. Read more →

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All Roads Lead to Net Zero, Not Just the Easy Ones

In May, the International Energy Agency published a report that details the pathway to net-zero emissions in the global energy system. The IEA was born of an oil crisis and its long-term mandate has been the security of the energy supply, to include enough fossil fuel to run the power, transport, and industrial processes of developed economies. Read more →

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How Green Energy Will Transform the Ranks of the World’s Biggest Electric Generators

The world’s energy sector has embarked on a transitional journey to a clean, green, low-carbon future powered by windmills and solar panels. It’s going to be a long trip. According to the International Energy Agency, we still derive an incredible 80% of our primary energy from fossil fuels—with oil contributing 32%, coal 27% and natural gas 23%. Read more →

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How Wind and Solar Power Got the Best of the Pandemic AND Wind, Solar Power Made Strong Gains in 2020, IEA Says

Global recessions, wars, and pandemics have a way of driving down energy demand. Last year, the International Energy Agency (IEA) said the collapse in global primary energy demand brought on by COVID-19 was the biggest drop since the end of World War II, itself the biggest drop since the influenza pandemic after World War I. Read more →

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The Climate Transition: How an Oil Company Becomes a Renewables Company

In late April, a raft of oil majors released their first quarter results with companies like Royal Dutch Shell Plc showing a return to pre-pandemic profit levels. At the same time, some of the majors increased their energy transition commitments. Spanish firm Repsol SA devoted 40% of its capital expenditure to low-carbon projects, and France’s Total SE stated plans to increase its renewable energy capacity five-fold over the next four years. Read more →

What We’re Reading

Wartsila case study: DC-coupled energy storage systems ideal for real-time trading

With more opportunities to sell energy into new energy markets, energy developers are thinking creatively about wasted energy and harnessing greater efficiency Read more →

What We’re Reading

Texas House advances plan to subsidize power plant weatherization

A plan to help finance what will likely become mandatory power plant upgrades to withstand more extreme weather in the wake of the February power crisis received preliminary approval in the Texas House. Read more →

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New SunPower CEO Wants Buying Solar as Easy as Amazon Purchases

The new CEO of SunPower Corp. - a veteran of Amazon.com Inc. - wants to make the rooftop solar-buying process easier for homeowners. in an interview Wednesday. “Until we make getting solar as simple as buying a book on Amazon, we’re not going to stop,” SunPower Chief Executive Officer Peter Faricy said. Read more →

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Tucson Electric turns on its biggest renewable-energy plants to date

The electricity powering most of Tucson, including the University of Arizona, got a little cleaner the week of May 3, as Tucson Electric Power Company (TEP) switched on its biggest solar and wind power plants to date. Read more →

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The Renewable Energy Asset Rotation Cycle Is Stuck

Bloomberg NEF calculates that meeting the goals of the Paris Agreement with a combination of zero-carbon electricity and hydrogen would require more than $60 trillion of power sector investment, plus more than $30 trillion of investment in hydrogen production and transport by 2050. Read more →

What We’re Reading

$15 trillion global hydrogen investment needed to 2050-research

Decarbonizing energy and other industries globally using hydrogen will require investment of almost $15 trillion between now and 2050, the Energy Transitions Commission (ETC) said in a report in April. The ETC is an international coalition of executives from the energy industry committed to achieving net zero emissions by mid-century, a goal set by the Paris climate agreement. Read more →

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Cleantech incubator part of Houston’s goal to be ”energy transition capital“

Cleantech startup incubator Greentown Labs officially opened its Houston facility in April, marking Earth Day and the one-year anniversary of the city unveiling its first Climate Action Plan. The 40,000-square-foot space has room for 50 startups with more than 300 employees working in clean technology. Read more →

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