New York doubles 2030 energy storage deployment target to 6GW
Governor Kathy Hochul of New York has been applauded for recognising the importance of energy storage as a key technology for achieving climate, clean energy and economic growth goals. The governor gave the annual State of the State Address yesterday, outlining her agenda for 2022. It included the unveiling of more than 200 initiatives and […]
Biden’s Infrastructure Law: Energy & Sustainability Implications
On November 15th, President Biden signed the Infrastructure Investment and Jobs Act (“the Law”) into law. The historic infrastructure plan includes the single largest investment to address climate change in U.S. history.[1] The Law allocates billions of dollars to priority areas, including significant funding for the development of carbon capture infrastructure, alternative energy sources and […]
How green bottlenecks threaten the clean energy business
THEs the world economy wakes back up, shortages and price spikes are affecting everything from the supply of Taiwanese chips to the cost of a French breakfast. As we explain this week, one kind of bottleneck deserves special attention: the supply-side problems, such as scarce metals and land constraints, that threaten to slow the green-energy […]
Biden’s 80% By 2030 Clean Electricity Standard Would Unlock $1.5 Trillion Across The U.S.
President Biden has a rare opportunity to act on climate with maximum political capital from the 2020 election, bipartisan support for a clean energy recovery from the COVID-induced economic crisis, and the imperative of meeting his announced goal of halving the United States’ greenhouse gas emissions by 2030. The upside of acting now is massive […]
How An Old Power Plant Is Being Refitted For The Hydrogen Economy
Talk about changing times. An old gasification plant in West Terre Haute, Indiana is getting a new life. It will use petroleum coke and biomass to produce hydrogen for power. It will also capture and sequester the resulting CO2. Just how realistic is this pursuit and just how clean is the process?
Global supply chain squeeze, soaring costs threaten solar energy boom
Global solar power developers are slowing down project installations because of a surge in costs for components, labor, and freight as the world economy bounces back from the coronavirus pandemic, according to industry executives and analysts interviewed by Reuters.
Offshore Wind Plans Will Drive Up Electricity Prices And Require ‘Massive Industrialization Of The Oceans’
The regatta for setting the loftiest targets for offshore wind energy development has set sail. Today, South Korea announced plans for 8.2 gigawatts of offshore wind. British Prime Minister Boris Johnson recently called for 40 gigawatts of offshore wind capacity to be built in UK waters by 2030.
Corporate funding in global solar energy grows 43% in September quarter
Solar energy financing activities are rebounding globally since COVID-19 disruptions, as the total corporate funding came to $3.2 billion in the third quarter of 2020, from the $2.3 billion in the second quarter of the year, a growth of 43 per cent.
Public-Private Partnerships Aim To Build Clean Energy Projects In Africa
At least 500 million are living in Africa without access to electricity. The continent needs billions for clean energy projects. One idea is to form a creditworthy intermediary that supports regional market integration and that creates scale to bring down green energy prices. One of the reasons why sub-Saharan Africa has so many without power […]