Tag Archives: Siemens Energy

Verizon adds six PPAs for 845MW solar capacity

By Edith Hancock, PV Tech

Major telecoms provider Verizon has secured power purchase agreements (PPAs) for 845MW of solar electricity with four energy giants in the US. The PPAs with Lightsource BP, Invenergy, EDF Renewables and NextEra Energy Resources will be used to finance six solar projects which are due to be completed over the next two years. Read more here.

MORE CORPORATE RENEWABLE ENERGY PROCUREMENT NEWS 

Largest Solar Project in US Underway in Texas, Earth911
Who will purchase the energy? Corporations have already signed virtual Power Purchase Agreements (PPAs) for Samson’s solar electricity. “The Samson Solar Energy Center is the latest example of what can be achieved when companies and utilities seek an innovative partner to meet their sustainability goals and invest in a clean energy future,” said Ted Romaine, senior vice president of origination at Invenergy.

Leading U.S. Energy Buyers Support National Unity – On Clean Power, That Is, Triple Pundit
Despite a decades-long disinformation campaign by fossil stakeholders and their allies,  the latest data from Yale University’s program on
Climate Change Communication reveal a strong majority consensus on climate change and climate science, highlighted by 86 percent support for funding that supports clean power research. There is no question that business leaders are on firm ground in the area of clean power.

ENERGY STORAGE

Beyond Declining Battery Prices: Six Ways to Evaluate Energy Storage in 2021, Greentech Media
Contributed article by Aaroh Kharaya, “product manager for energy storage at Clean Energy Associates (CEA). He is a licensed Professional Engineer with nine years of experience in electrical power systems and is also a subject matter expert in battery energy storage systems.”

GREEN HYDROGEN


Nel to slash cost of electrolysers by 75%, with green hydrogen at same price as fossil H2 by 2025, Recharge

Manufacturer is building a new fully automated electrolyser factory in Norway, which will be expanded to 2GW, resulting in huge economies of scale.

Green hydrogen cost reduction, International Renewable Energy Agency
This report from the International Renewable Energy Agency (IRENA) outlines strategies to reduce electrolyser costs through continuous innovation, performance improvements and upscaling from megawatt (MW) to multi-gigawatt (GW) levels.

Canada is set to have one of the world’s biggest green hydrogen plants, CNBC
A major green hydrogen project in Canada took another step forward with an engineering contract awarded to a subsidiary of German industrial giant Thyssenkrupp. Canada could eventually be home to a number of green hydrogen facilities. Macquarie’s Green Investment Group, for example, is part of a consortium looking to develop another major plant that would be located in British Columbia, in the west of the country. Over the last few years, major firms including RepsolSiemens EnergyOrsted and BP have gotten involved in projects connected to green hydrogen production.

BUILDING A GREEN ECONOMY & CLIMATE RESILIENCE


Carbon Markets for Farmers

Previously Posted Indianapolis Star articles by Sarah Bowman and London Gibson

  • There is a lot of money on the table with carbon markets. But farmers are skeptical.
    As more greenhouse gases enter the atmosphere and more companies pledge to go carbon neutral, interest in creating a market for carbon capture through agriculture is growing. Agriculture is now being seen by many as an untapped resource, and carbon markets the way to tap it.  “I think the potential is boundless, really,” said Mobley of The Nature Conservancy. “If it can work in Indiana, it can work anywhere in the country — politically, programmatically, with on-the-ground implementation, all of it.”
  • 5 things you need to know about what Biden’s plan for a carbon market means for farmers
    The incoming administration is proposing to create a carbon bank at the U.S. Department of Agriculture, which would buy credits from farmers and then sell them to corporations for offsets. Several other private carbon market programs have popped up, both from companies and non-profit organizations that are developing their own platforms. 

GTM’S ENERGY GANG PODCAST

 

This week on The Energy Gang: What to make of Biden’s historic, sweeping actions on climate and clean energy?

 

Report: Natural gas is a loser for long-term utility shareholder value

By Matthew Bandyk, Utility Dive

Investment into new natural gas infrastructure like pipelines and power plants is “incompatible” with long-term shareholder value, and thus it is in the best interest of the investor community to push utilities away from natural gas, according to a new report from corporate social responsibility group As You Sow and environmental consulting firm Energy Innovation.

The report points to data from Lazard showing that unsubsidized solar plus battery storage already, in some cases, is cheaper than natural gas. It cites the example of NV Energy [a Berkshire Hathaway Energy company], which in 2019 procured 1,200 MW of solar at $20 per MWh and 580 MW of four-hour battery storage for $13 per MWh. The low end of Lazard’s 2019 estimate for the levelized cost of electricity from a new natural gas-fired combined-cycle plant is $44 per MWh. Read more here.

 

 

Our mission is to promote environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies Our vision is a safe, just, and sustainable world in which protecting the environment and human rights is central to corporate decision making. Corporations are responsible for most of the pressing social and environmental problems we face today — we believe corporations must be a willing part of the solutions. We make that happen. As shareholder advocates, we directly engage corporate CEOs, senior management, and institutional investors to change corporations from the inside out. Website: As You Sow

More About Lazard’s Levelized Cost of Energy Analysis
Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?, Forbes article contributed by Silvio Marcacci, Communications Director, Energy Innovation

Additional Related Reading
Utility Investors Risk Billions In Rush To Natural Gas: Is It A Bridge To Climate Breakdown?, Forbes article contributed by Michael O’Boyle, director of electricity policy at Energy Innovation, where he leads its U.S. power sector transformation program.

 

 


Energy Innovation
is a nonpartisan climate policy think tank delivering high-quality research and original analysis to help policymakers make informed energy policy choices. Energy Innovation accelerates the clean energy transition by supporting the policies and strategies that most effectively reduce greenhouse gas emissions.
Website: Energy Innovation

MORE ON CORPORATE SUSTAINABILITY

FREE SCIENCE BASED TARGETS WEBINAR TOMORROW

Demystifying and Achieving Science-based Targets through Sustainable Procurement & Supplier Engagement, April 22 at 12 pm. Presenters: Cynthia Cummis, Director of Private Sector Climate Mitigation, World Resources Institute, and Noora Singh, Director, Global Sustainability, PepsiCo. Register here.

The Science Based Targets Initiative is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. 

NFL SOLAR PROJECTS

POWERHOME installs solar system on Pittsburgh Steelers stadium, Solar Power World
“Heinz Field is the fourth NFL facility to utilize POWERHOME to help meet sustainability goals,” said Jayson Waller, CEO of POWERHOME. “Large commercial sites like this help us educate consumers about the simplicity and benefits of renewable energy. We hope to encourage thousands of Steelers fans to consider solar energy and think more about the environment.”

SOLAR PANELS

HYDROGEN

Renewable Energy Magazine: What Place for Hydrogen? An interview with Professor Armin Schnettler, Executive Vice President and CEO of the New Energy Business at Siemens Energy, on the impact of hydrogen on the global green energy market.