Google.org is throwing its weight behind Open Climate Fix's online solar forecasting service by awarding more than $686,350 to the startup under its Impact Challenge on Climate. The investment is one of many from Google's philanthropic arm, which has pledged about $11.96 million to advance green technologies.
RESB Murmurs: Open Climate Fix offers a great example of the value of timely information. Accurate forecasts could give grid operators the confidence to run fewer fossil few generators "just in case," saving money and reducing carbon emissions in the process. -Karen
Power Factors has purchased Greenbyte in a deal that will bring its performance management services to more than 75 gigawatts of installed renewable energy capacity worldwide. "The energy market is undergoing a transformational shift to renewables and the industry is demanding a company with the scale, geographic reach, and product vision to support that transition," said Power Factor CEO Gary Meyers.
Cost-competitive wind and solar have been rapidly displacing coal and natural gas generation in the US, and that transition will continue to pick up speed as solar-plus-storage gains traction, according to the Institute for Energy Economic and Financial Analysis. "Last year was definitely a breakout year for battery storage … but it's just a harbinger of things to come," said analyst Dennis Wamstead.
The move toward net-zero carbon emissions will fundamentally change US utilities, but those with meaningful reduction targets and a strong company culture will be the most likely to succeed, according to the Smart Electric Power Alliance's Utility Transformation Profile. SEPA identified 10 utilities, including Austin Energy, Green Mountain Power and Consolidated Edison of New York, that are leading the way on their decarbonization goals.
The Electric Reliability Council of Texas on Tuesday urged customers to reduce their power consumption due to tightening grid conditions. "[A] combination of high generation outages typical in April and higher-than-forecasted demand from a stalled cold front over Texas," knocked out about 32 gigawatts of capacity on ERCOT's system that day.
Genex Power has secured $471.16 million in funding from the Northern Australia Infrastructure Facility to advance the 250-megawatt Kidston project. The project, slated to be Australia's first new pumped hydro project in four decades, will take over a former gold mine and could serve as a template for future projects.
The Douglas County Public Utility District in Washington is developing a $20 million pilot project that will use hydropower to power an electrolyzer and pull hydrogen from well water. The utility is seeking buyers for the output, some of which will be used to power forklifts and a hydrogen fuel station.
Ørsted and Eversource are developing an offshore wind turbine assembly facility at the Port of Providence in Rhode Island that will support their projects in the region. "Ørsted and Eversource are keeping their commitment to making significant investments in Rhode Island to create new, good-paying union jobs and position our port facilities to become central hubs in this growing industry," said Gov. Dan McKee.
JPMorgan Chase has pledged to facilitate or finance $2.5 trillion worth of renewables, clean tech and other projects by the end of 2030, marking one of the largest commitments from a major bank. The institution has already directed about $210 billion toward green finance opportunities.
Policymakers can ensure the energy transition is both effective and just by embracing five recommendations outlined by the Environmental Defense Fund. EDF advises lawmakers to recognize there "is no silver bullet for a just transition" and to consider and coordinate on a variety of policies.