Tag Archives: Wood Mackenzie

FACT SHEET: Bipartisan Infrastructure Framework Creates Economic Opportunities for Rural America

The White House Briefing Room, July 8, 2021

Today, despite the fact that rural and Tribal communities across the country are asset-rich, they make up a disproportionate number of persistent poverty communities. The Bipartisan Infrastructure Framework invests in rural and Tribal communities, creating jobs in rural America and wealth that stays in rural America. The Framework delivers 100% broadband coverage, rebuilds crumbling infrastructure like roads and bridges, eliminates lead pipes and service lines, builds resilience to climate change and extreme weather events, and puts Americans to work cleaning up pollution that has impacted fossil fuel communities in rural America. 

In addition to being the largest-long term investment in our infrastructure in nearly a century – four times the infrastructure investment in the 2009 Recovery Act – the Bipartisan Infrastructure Framework is a generational investment in rural America. Read more here.

MORE ON INFRASTRUCTURE

  • Business and labor groups come together to back bipartisan infrastructure plan, NBC News

    The organizations, which include the U.S. Chamber of Commerce and AFL-CIO, said that investing in the nation’s roads, bridges, airports, transit, water, energy and broadband infrastructure “will create middle-class family sustaining jobs.” “Don’t let partisan differences get in the way of action — pass significant, meaningful infrastructure legislation now,” their statement said. 
    Other groups that signed the statement include the Business Roundtable, National Association of Manufacturers, National Retail Federation, American Association of Port Authorities, and American Public Transportation Association.

  • Accelerating The Way Forward And Creating Electric Vehicle Infrastructure, by Paul Vosper, Forbes Technology Council member and President and CEO of JuiceBar

    As the details of the American Jobs Plan are under discussion and negotiations, the auto industry is well underway producing and planning for a successful transition to electric and autonomous vehicles.  New estimates by the firm Wood Mackenzie suggest that the EV charging infrastructure market will grow from $11 billion in 2020 to $89 billion by 2030 — an almost nine-fold increase in 10 years.

U.S. Solar Market Eclipses 100 Gigawatts

Solar Energy Industries Association News Release
June 15, 2021

WASHINGTON, D.C. and HOUSTON, TX — The U.S. solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the U.S. Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Solar had a record-setting Q1 2021 and accounted for 58% of all new electric capacity additions in the United States. Renewable energy accounted for nearly 100% of all new electric capacity in Q1. Read more here.

ADDITIONAL RECOMMENDED READING

OF POTENTIAL INTEREST TO RENEWABLE ENERGY INVESTORS & DEVELOPERS

Confidence Among Renewable Energy Investors at an All-Time High: Report, Environment+Energy Leader

A new analysis released recently by the American Council on Renewable Energy (ACORE) finds that confidence among both renewable energy investors and developers is at an all-time high. The report, “Expectations for Renewable Energy Finance in 2021-2024,” presents the results of a new survey of large financial institutions and renewable energy development companies on their confidence in the sector in the aftermath of the COVID-19 pandemic. The new report also tracks progress on the $1T 2030: American Renewable Investment Goal, an initiative ACORE launched in 2018 to help secure $1 trillion in private sector investment in renewable energy and enabling grid technologies by 2030.

Additional Recommended Reading
ACORE insight: The federal agenda for energy and climate, PV Magazine

UNIVERSITY OF NEBRASKA NEWS

Successful bond sale yields $400 million for university building maintenance projects

The sale – the largest issuance of new bonds in NU history – was the first transaction after the passage of LB384, a plan championed by Sen. John Stinner of Gering to extend through 2062 a state-university partnership on deferred maintenance. The Legislature and Gov. Pete Ricketts’ approval of the bill this session allowed the university to capitalize on current historically low interest rates, resulting in a 2.99 percent rate for funds with an average lifespan of 35 years. Chancellors have developed initial lists of priority projects to be addressed with the new $400 million in bond proceeds. Notably, one-quarter of the proceeds – $100 million – will be used for energy efficiency or other “green” projects, reflecting a system-wide commitment to sustainability.

LB384: Provide for and change provisions related to transfers of funds and funding for university and state college facilities, create and change permitted uses of funds, and create a grant program. 

NEBRASKA ALSO IN THE NEWS HERE

Department of Natural Resources awarded grant for initiative to assess rare earth elements, critical minerals, The Missouri Times

JEFFERSON CITY, Mo. — A partnership between the Missouri Department of Natural Resources and the University of Kansas will receive $1.5 million from the U.S. Department of Energy to study the feasibility of recovering critical minerals from coal and associated strata in the Cherokee-Forest City Basin, which encompasses Kansas, Iowa, Missouri, Nebraska, Oklahoma and the Osage Nation. The Department of Energy’s Carbon Ore, Rare Earth and Critical Minerals Initiative is a $19 million nationwide effort to assess rare earth elements and critical minerals in fossil fuel-producing areas.

Previously Posted: Statement About Coal & News Release On The Referenced DOE Grant

“Coal may contain as many as 76 of the 92 naturally occurring elements of the periodic table.”
SourceUnited States Geological Survey

DOE Awards $19 Million for Initiatives to Produce Rare Earth Elements and Critical MineralsDepartment of Energy News Release 

“The very same fossil fuel communities that have powered our nation for decades can be at the forefront of the clean energy economy by producing the critical minerals needed to build electric vehicles, wind turbines, and so much more,” said Secretary of Energy Jennifer M. Granholm“By building clean energy products here at home, we’re securing the supply chain for the innovative solutions needed to reach net-zero carbon emissions by 2050 – all while creating good-paying jobs in all parts of America.” 

Production of rare earth elements and critical minerals, which serve as key components to several clean energy applications such as magnets in wind turbines and batteries in electric and conventional vehicles, is a prime example of how DOE is supporting regional economic growth and job creation in regions traditionally home to the fossil fuel industry.

See Also: FACT SHEET: Biden Administration Outlines Key Resources to Invest in Coal and Power Plant Community Economic RevitalizationThe White House Briefing Room

Here’s what we know about the bipartisan infrastructure deal

By Ryan Nobles, CNN

A bipartisan group of 10 senators announced Thursday they have reached a deal on a $1.2 trillion infrastructure package, the most significant development yet in negotiations over a key priority of the Biden administration, but it still faces serious obstacles from skeptics in both parties. 

“Our group — comprised of 10 Senators, 5 from each party — has worked in good faith and reached a bipartisan agreement on a realistic, compromise framework to modernize our nation’s infrastructure and energy technologies. This investment would be fully paid for and not include tax increases,” the senators said in a joint statement. Read more here.

Featured Individual Quotation On Infrastructure
“We have been talking about this for over a decade, and our decaying infrastructure cannot wait much longer. We need to reach across the aisle, find consensus and solve a big challenge facing our country — now.”  U.S. Congressman Don Bacon, Representing Nebraska’s 2nd District

ADDITIONAL RECOMMENDED READING

Solar Industry Sets Records in 2020, On Track to Quadruple by 2030

SEIA News Release 

WASHINGTON, D.C. and HOUSTON, TX — The U.S. solar industry grew 43% and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the U.S. Solar Market Insight 2020 Year-in-Review report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

For the second year in a row, solar led all technologies in new electric-generating capacity added, accounting for 43%. According to Wood Mackenzie’s 10-year forecast, the U.S. solar industry will install a cumulative 324 GWdc of new capacity to reach a total of 419 GWdc over the next decade. Continue reading here.

Additional Recommended Reading
Solar Industry Congratulates U.S. Trade Representative Katherine Tai on Her Confirmation

About SEIA
The Solar Energy Industries Association (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 20% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is a national trade association building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org. 

Solar Energy Generation in Nebraska, Nebraska Department of Environment and Energy

Welcome to The Power Line

By Greg Alvarez, Deputy Director, Communications
American Clean Power Association

The clean energy transition is here, and it’s a time of tremendous opportunity and excitement as the pace of the transition seemingly accelerates by the day. This shift to a 21st century clean energy economy will be one of the dominant stories of the next decade, and to help overcome the transition’s challenges and ensure U.S. homes and businesses are increasingly powered by clean energy, we’re thrilled to announce the formation of the American Clean Power Association (ACP).

ACP brings together wind, solar, transmission, and storage companies, along with manufacturers and construction companies, developers and owners/operators, utilities, financial firms, and corporate purchasers to advocate on behalf of the clean power industry. All the different kinds of companies involved in building the utility-scale clean energy projects of the future are now uniting behind a powerful common voice. Read more here.

ACP Video

ACP Report

A Majority Renewables Future
The report, conducted by international analysis group Wood Mackenzie, finds that reaching a majority renewables grid will:

  • Deploy over $1 trillion in capital investment over the next decade.
  • Support nearly 1 million direct, renewable energy jobs.
  • Stabilize wholesale power prices and preserve grid stability.
  • Reduce U.S. carbon emissions by over 60 percent.

Administrative and legislative policies can pave the way for the U.S. to achieve these benefits within the next 10 years.

Download the executive summary.

Incentives for Energy and Transportation Are Climate Action

By Grant Carlisle, Natural Resources Defense Council

The newly minted Biden administration has made clear that climate change is a top priority. A vital arrow in the administration’s quiver should be tax policies including predictable and long-term extensions and upgrades to clean energy and clean transportation incentives. See here for a letter from 45 environmental, faith and business groups sent to President Biden today supporting robust clean economy tax policies. These policies will help clean energy and clean transportation play a critical role in building an ascendant 21st century American economy, putting people back to work, and laying the foundation for a cleaner, healthier and more prosperous future. Read more here.

ADDITIONAL RECOMMENDED READING

NATIONAL GREEN BANK BILL

National Green Bank Bill Targets $100B for Business Sectors Key to Biden’s Climate Agenda, Greentech Media. A report this week from the National Academies of Science highlighted the need for federal funding to bolster private capital sources that are “unlikely to be sufficient to finance the low-carbon economic transition, especially during the 2020s when the effort is new.” 

CORPORATE NEWS

LIHEAP

APPA, other groups call for a $10 billion emergency supplemental appropriation for LIHEAP, American Public Power Association

A group of national gas and electric utility associations, including the American Public Power Association, on Feb. 4 sent a letter to Congress calling for a $10 billion emergency supplemental appropriation for the Low Income Home Energy Assistance Program (LIHEAP).The letter was sent to House and Senate Appropriations committee chairmen and ranking members.

“LIHEAP is the bedrock of America’s energy safety net, providing heating and cooling assistance to our most vulnerable, including the elderly, those with disabilities, and families with young children,” the letter noted.

Nebraska LIHEAP Program

What the Biggest Corporate Energy Buyers Want from Federal Clean Energy Policy

By Jeff St. John, Greentech Media

On Monday, a notable subset of the largest U.S. corporations signed on to a statement from the Renewable Energy Buyers Association (REBA), laying out their top federal policy priorities to help them meet their own aggressive decarbonization goals. Among the 34 signatories are tech giants like Amazon, AppleFacebookGoogle and Microsoft, manufacturing heavyweights including Cargill, Clorox and General Motors, and global retail and consumer brands like Disney, Johnson & Johnson, McDonalds, Target and Walmart. Many of these companies have already pledged to zero out their carbon footprints in the next decade or two, whether internally or across their supply chains. Read more here.

ESG & SUSTAINABLE FINANCE

Welcome to a new era of ESG and sustainable finance, by Joel Makower, Chairman and Executive Editor, Green Biz Group

A vast ecosystem is in play. Investors have awakened to the notion that how companies manage environmental and social issues is nearly as key to their risk profile and profitability as are financial fundamentals. Banks and insurers are factoring climate risk and social issues into their products and portfolios, accelerating a shift that’s been gearing up for years.

Companies are warming to a world of deeper transparency and disclosure demands by investors, lenders, customers and others, and are trying to keep up with the dynamic world of standards and frameworks with which they’re being asked to comply. Oh, and it’s the dawn of a new U.S. presidential administration that sees virtue in assertive action on a range of social and environmental issues.

ADDITIONAL RECOMMENDED READING

KELLY SPEAKES-BACKMAN

Biden-Harris Administration picks Energy Storage Association CEO to join senior DoE leadership, Energy Storage News

A former utility commissioner in her home state of Maryland, Kelly Speakes-Backman has been leader of the ESA during a period of fast growth and rapid scale-up for energy storage in the US, with more than 2GW installed during that time.

In a recent interview for Energy-Storage.news, the now former ESA CEO said that the association expected to see at least 3.6GW of storage installed during 2021, and ESA published ‘Vision 2030’ a while ago, citing that the deployment of at least 100GW of energy storage on the grid is both desirable and achievable.

EV CHARGING 

EVgo Seeks $2.6B Public Market Valuation in SPAC Reverse Merger, Greentech Media
The LS Power subsidiary is the second major EV charger company in the U.S. seeking public capital to meet rocketing demand.

HOME HYDROGEN BATTERY

World-first home hydrogen battery stores 3x the energy of a Powerwall 2, New Atlas

To get off the grid with home solar, you need to be able to generate energy when the Sun’s out, and store it for when it’s not. Normally, people do this with lithium battery systems – Tesla’s Powerwall 2 is an example. But Australian company Lavo has built a rather spunky (if chunky) cabinet that can sit on the side of your house and store your excess energy as hydrogen.

SOLAR SCHOOLS

Solar Landscape to Provide Cost-Free Electricity to Asbury Park Schools, Renewable Energy Magazine
Entering into a 15-year Power Purchase Agreement (PPA), Solar Landscape will provide electricity to the Asbury Park School District at no cost for the entire term of the agreement. This will result in a critical cost savings of more than $120,000 a year for Asbury Park schools.

What is a solar power purchase agreement?, Solar Energy Industries Association 

 

FEATURED WIND ENERGY RESOURCES

Wind Workforce Webinar Series Offers Insights, Information, and Solutions
To help industry recruit the best and brightest people and to provide students with the essential resources to set them on a path toward a rewarding career in the wind energy workforce, NREL, in partnership with the Investment Tax Credit (ITC), hosted a three-part Wind Workforce Webinar Series as part of American Wind Week 2020.

KidWind Launches the Power Grid Kit
The KidWind Project recently launched the Power Grid Kit—the first large-scale, functioning grid model that provides educators with a one-of-a-kind opportunity to explore power grid systems and solutions with students of all ages. The kit models the flow of electricity from generation sources like nuclear, coal, natural gas, wind, hydropower, and solar power through substations before being distributed to industrial, commercial, and residential consumers. It also models distributed generation in the form of solar panels and residential wind turbines to demonstrate the broad range of energy options possible in the future.

Source: Department of Energy’s WINDExchange Newsletter

The Highs and Lows for Solar in 2020: Wrapping up the biggest stories of a chaotic year.

By Emma Foehringer Merchant, Greentech Media

Joe Biden’s win presents big upside for the solar industry. The candidate campaigned on a national plan to reach 100 percent clean electricity by 2035. Solar offers a key technology to achieve that goal, with 2020 marking its second year in a row to claim the largest share of new generating capacity of any resource. Read more here.

ALSO PUBLISHED BY GREENTECH MEDIA

10 Victories for Virtual Power Plants in 2020, by Julian Spector
This concept goes by various names — virtual power plants, flexible loads, behind-the-meter networks — and encompasses tools like rooftop solar, batteries, smart thermostats, smart appliances and electric vehicle chargers. Though small individually, distributed energy resources are projected to grow to 387 gigawatts in the next five years, according to research by Wood Mackenzie.

So, What Exactly Are Virtual Power Plants?

Greentech Media’s Must-Read Grid Edge Stories of 2020, by Jeff St. John
By far the biggest grid edge story of 2020 was the continued commitment of U.S. utilities to midcentury decarbonization goals — or more pertinently, those utilities that aren’t already facing state-level mandates to eliminate their carbon footprints.

Driving Toward a Majority Renewables America to Catalyze Nearly One Million Direct U.S. Clean Energy Jobs

American Wind Energy Association News Release

Washington D.C. December 16, 2020 – Clean energy resources – wind, solar, energy storage, hydropower, and other renewables – represent a once-in-a-generation opportunity to drive U.S. economic recovery and add hundreds of thousands of family-supporting jobs. According to a new, first-of-its-kind study released today by global natural resources research consultancy Wood Mackenzie and the American Clean Power Association (ACP), reaching a majority renewables grid will deploy over $1 trillion in capital investment into the American economy over the next decade, while supporting 980,000 direct jobs, stabilizing wholesale power prices, and reducing U.S. carbon emissions by over 60 percent. Targeted administrative actions and Legislative policies are essential for the U.S. to achieve these benefits within the next ten years.

“A majority renewables electric system for the U.S. is possible within a decade and will deliver much-needed investments in our economy and create a pathway toward steady, well-paying employment for workers across the country. This research shows that a collaborative promise of an American grid powered by wind, solar, hydropower, energy storage, and other renewables represents an economic powerhouse that will lead our country towards a more prosperous, healthier, and cleaner future,” said Amy Farrell, ACP Senior Vice President of Government and Public Affairs. Continue reading here.

Related
Job creation and clean energy go hand in hand in post-pandemic recovery, by John Hensley, Into the Wind, AWEA Blog

Also of Potential Interest
Renewables bring deflation to the energy sector, Financial Times
Opinion contributed by Mark Lewis, chief sustainability strategist at BNP Paribas Asset Management.

Solar Market Forges Ahead in Q3 as Residential Installations Recover and Utility-Scale Pipeline Grows

SEIA News Release

WASHINGTON, D.C. and HOUSTON, TX — U.S. solar companies installed 3.8 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q3 2020, a 9% increase from Q2 installations as the industry experienced a recovery from the worst impacts of the COVID-19 pandemic.

According to the U.S. Solar Market Insight Q4 2020 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar accounts for 43% of all new electric generating capacity additions through Q3 2020, more than any other electricity source. The report projects a record 19 GW of new solar capacity installations in 2020, representing 43% year-over-year growth from 2019. Continue reading here.

US Large-Scale Solar On Track for a Record 2020, Greentech Media
New Solar Market Insight report shows that, coronavirus-related hiccups aside, the utility-scale solar sector is set for growth.

ALSO IN THE NEWS

SOLAR SCHOOLS

21 Virginia Schools Now Using Solar to Lower Carbon Footprint, by Emily Holbrook, Environment + Energy Leader. Twenty-one schools across Virginia are reducing their carbon footprints by powering their operations with solar energy through a partnership between BrightSuite Solar, a subsidiary of Dominion Energy, and Sun Tribe. This partnership brings together two of Virginia’s leading renewable energy companies and their expertise in financing and installation to help school divisions meet their clean energy goals.

ENVIRONMENT AMERICA PAPER

 

Moving Forward Together: A transpartisan agenda to rebuild trust and tackle America’s biggest challenges

This paper outlines 12 areas of policy where the potential exists for real reforms that bridge the partisan divide and restore Americans’ faith and trust in one another and in their government.

 

EDF REPORT

Climate Risk In The Electricity Sector: Legal Obligations to Advance Climate Resilience Planning by Electric Utilities, by the Environmental Defense Fund and the Sabin Center for Climate Change Law at Columbia Law School.

Authors: Romany M. Webb, Michael Panfil and Sarah Ladin

This paper explores two legal doctrines, public utility law and tort law, which we argue obligate electric utilities to plan for the impacts of climate change on their assets and operations. Public utility law requires electric utilities to meet, among other things, prudent investment and reliability standards. Tort law establishes a duty of care that obligates electric utilities to, among other things, avoid foreseeable harm when performing acts that could injure others. We argue that, as climate science becomes more precise and predictive, these legal standards take on new meaning and require electric utilities to engage in climate resilience planning. Read a two-page summary here.

Additional Recommended Reading: Why Electric Utilities Must Engage In Climate Resilience Planning, Climate Law Blog, Sabin Center For Climate Change Law at Columbia Law School