U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Battery-based energy storage is a proven technology that can enable your schools to use more self-generated solar power and help stabilize the grid, while significantly reducing district energy costs.
Businesses lauded Gov. Roy Cooper for taking action to rapidly transition North Carolina to a clean energy future in a move that will benefit all North Carolina residents by strengthening the state economy and reducing greenhouse gas emissions.
Global institutions today face what is known as the energy “trilemma”—the need to balance energy security with energy that is both affordable and environmentally responsible. The U.S. Energy Information Administration (EIA) currently projects that world energy consumption will increase 28% by 2040. Simultaneously, the energy delivery system around the world is expected to undergo massive disruption in the forms of decentralization, digitization, and decarbonization.
Futureproofing energy supply has become a predominant goal for managing risk and resilience for a majority of companies.
An enormous opportunity exists for organizations with distributed energy load to act by acquiring renewables.
The scale of these rollbacks — measured in GHG emissions, in economic costs to be paid and benefits to be lost, and in human lives — is breathtaking. These rollbacks not only reveal a bad “instinct” for science, they also show a bad sense for business.
The electric utility industry is in the middle of a transformation that has no precedent. Historically speaking, delivering electricity was relatively simple; utilities generated power and provided it to customers over a one-way delivery system. Companies requested, and utility regulators granted, periodic rate hikes to cover infrastructure upgrades while providing a reasonable rate of return on that investment.
To effectively map out the current and future states of power delivery, it’s imperative to discuss what the landscape looked like in the past. Understanding the evolution of any industry typically requires a healthy dose of historical context, and making sense of today’s energy grid is no exception.
As the private sector adopts climate disclosure standards established by the Task Force on Climate-Related Financial Disclosures (TCFD), the oil and gas industry faces increasing pressure from its investors to disclose how it is managing climate risk, including emissions of methane from oil and gas.
Bolstered by decreasing costs and strengthening regulatory support, demand for renewable energy is increasing as wind and solar photovoltaics continue to become more prominent contributors to utilities’ generation and revenue mix. As enthusiasm for renewable energy grows, wind and solar remain hampered by how much energy can be stored when generated to be used subsequently when energy is needed.
The cost of energy storage has fallen to the point where the power generation industry is moving from demonstration projects to full deployment. Driven by demand and a federal order designed to nurture broader adoption of storage capabilities, practical applications of energy storage are emerging that are competitive with conventional solutions.
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