By Herman K. Trabish, Utility Dive
Hundreds of billions of dollars in untapped new money can finance the U.S. power system’s transition away from legacy fossil assets to renewables and distributed generation. Utilities like Duke Energy and Xcel Energy have issued billions in green bonds to fund renewables development. Green banks in New York, Connecticut and other states are backing investments in distributed resources and energy efficiency. It appears much more institutional money wants in on the green opportunity. Congress is considering proposals for a National green bank, which can help propel the energy transition if it can win the acceptance that major utilities told Utility Dive it deserves. Read more here.
ADDITIONAL RECOMMENDED READING
- Association supports new energy incentives legislation, American Public Power Association
The American Public Power Association on Nov. 19 said it supports the Growing Renewable Energy and Efficiency Now (GREEN) Act for ensuring that all utilities can benefit from incentives intended to encourage critical energy investments.
- Environment America praises proposal to extend clean energy tax incentives, News Release
- Tax Credits for Renewables Get Another Shot in Congress, Greentech Media
- Who Will Fund the Renewables Boom of the Next 15 Years?, Greentech Media
New solar and wind investment could hit $190 billion a year by 2035, Wood Mackenzie says. Where will that money come from?
MIDWEST SOLAR ADVOCACY STORIES
From green-minded business owners to political activists: an industry shift in the Midwest, Solar Power World. For many Midwest solar companies, taking on advocacy roles in an industry just getting off the ground has been a necessary responsibility. Here is a look at solar policy in three Midwest states and how local solar installers have taken matters into their own hands.
CLIMATE ACTION GOALS & PROGRESS
- Video Vault: Policy leaders offer gutsy talk on climate hope and progress, GreenBiz
- Meeting Paris climate goals will require EV innovation: MIT report, Smart Cities Dive
MIT Initiative: Mobility of the Future
- RMI: World is ‘badly off track’ on Paris climate goals, needs heightened focus on energy efficiency, Utility Dive. A new report from the Rocky Mountain Institute identifies seven critical areas of the energy sector, “where solutions are within our reach, but not yet at hand,” that will require intervention for the world to meet the United Nations Paris climate goal of limiting climate change to below 2 degrees Celsius.
MORE EV NEWS
- Lyft adds 200 EVs to Denver rental program, Smart Cities Dive
Lyft recently announced that it deployed 200 long-range electric vehicles (EVs) into its Express Drive program in Denver. The Express Drive program operates in nearly three dozen U.S. cities and allows drivers to rent vehicles through Lyft’s partners instead of committing to longer-term options such as leasing or buying their own.
- Ford’s electric Mustang is just the beginning for high-performance battery vehicles, NBC News
The Mustang Mach-E electric SUV that made a splashy debut on Sunday night is one of a broad range of new “electrified” vehicles that Ford will roll out as part of a program that will see it invest $11.5 billion through 2022. Going forward, virtually every Ford product will be offered with some form of electrified option, each tuned to the specific needs of that vehicle’s buyers.
- Dominion Energy’s electric school bus program offers valuable vehicle-to-grid lesson, GreenBiz
MORE INDUSTRY NEWS
- Secretive energy startup backed by Bill Gates achieves solar breakthrough, CNN
Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius. The breakthrough means that, for the first time, concentrated solar energy can be used to create the extreme heat required to make cement, steel, glass and other industrial processes. In other words, carbon-free sunlight can replace fossil fuels in a heavy carbon-emitting corner of the economy that has been untouched by the clean energy revolution.
- Old dog solar panel manufacturer, Panasonic, learning new home storage tricks, PV Magazine
Panasonic recently launched their EverVolt home energy storage system, with an AC and DC coupled unit that easily can scale up to 34 kWh and, when coupled with their HIT solar modules, can power your home indefinitely if the grid goes down.
- Target in energy milestone — ahead of schedule, Chain Store Age
During the past five years, Target has installed more solar systems than any other company, according to data from SEIA’s Solar Means Business report. The chain is also a four-time Energy Star Partner of the Year.
- Wind output to jump 37% because of climate shift — study, E&E News
FEATURED GREEN CAMPUS
Award spotlights UI’s energy efforts, Champaign/Urbana News- Gazette
Five years after it opened, the $98 million Electrical and Computer Engineering Building at the University of Illinois has been awarded “platinum” certification under the LEED environmental rating system. Designed to someday be a “net zero” energy user, the building has a $3 million rooftop solar array with 950 panels that generate renewable electricity for the building and, on sunny days, contribute to the campus-wide power grid. The building also uses power from campus solar farms.
TRACKING THE SUN REPORT
US Solar Panel Prices Continue Dropping, Solar+Storage Increasing — Tracking The Sun Report, CleanTechnica. Tracking the Sun (PDF) is an annual report from Berkeley Lab on installed solar panel prices and other trends among grid-connected, distributed solar photovoltaic (PV) systems in the United States.
- Fort Collins’ ‘Solinator’ To Help With Neighborhood Energy, CBS Denver
- Previously Posted Article: Colorado’s Solinator Garden completed by Solaris Energy and Namasté Solar, Solar Builder