Who is driving corporate sustainability forward? In this interview, David Lubin, co-founder and managing director of Constellation Research and Technology, shared his perspective on CFOs’ role in steering the wheel of these decisions. It often takes a dedicated commitment made by a CEO to make a compelling case – and an integrated sustainability plan carried out by the CFO to make it happen.
While energy-storage technologies are becoming an increasingly viable option, storage for solar (solar+storage) is mostly serving only high-end commercial markets. However, since this combination reduces costs and increases resilience, this emerging market is uniquely positioned to greatly benefit low-to-moderate-income (LMI) communities. The challenge is: how can we make it financially viable for this underserved demographic?
The MIT Energy Conference, which took place on March 3-4 in Cambridge, Massachusetts, explored the financial and social barriers to the major infrastructure projects that are required to support next-generation energy investments. Speakers analyzed the many changes that stakeholders face when they start expanding their use of renewable energy and energy efficiency.
This year’s Columbia Energy Symposium on Feb. 2-3 in New York City covered technologies and business models that are disrupting the traditional energy system. The main takeaway was that the energy-system landscape is shifting. Panelists said they anticipate changes to the electric grid and the way in which energy products can be packaged.
With growing deployment of distributed generation and renewable energy, the energy-storage market is projected to grow rapidly in the next decade and beyond. McKinsey & Company estimates the market could increase fivefold from its 2015 levels in the next 20 years as technology evolves, energy intensity improves, and costs decrease.
Greentech Media hosted its annual U.S. Energy Storage Summit 2016 in San Francisco on Dec. 7-8. The conference was packed with high-profile executives representing not only energy storage developers, but also institutional investors. Stationary energy storage is becoming more attractive than ever.
In Australia, Europe, and North America, energy companies are beginning to consider using blockchain technology for distributed-generation payments between small solar installations. A blockchain is a shared digital decentralized ledger that records transactions across a peer-to-peer network. Blockchain technology involves strong encryption.
Energy storage is continuing to gain traction in the commercial and industrial (C&I) space as well as among utilities, thanks to the large variety of additional services it promises to provide. However, many customers are still curious about its tangible value and savings. In an attempt to answer these questions, Growing Energy Labs Inc. – also known as GELI, an intelligent energy software and analytics company – hosted a webinar series. The first event was called “Solar + Storage : Why 1 + 1 =3.” It addressed the additional value a storage system can add in combination with solar PV. The second one was called "Solar + Storage : Risk Mitigation and Monetization."
Climate resilience pays dividends in financial stability and public health. California has passed legislation, AB 693, that will provide up to $1 billion for solar roofs for multifamily affordable housing. A May report by Clean Energy Group, “Closing the California Clean Energy Divide: Reducing Electric Bills in Affordable Multifamily Rental Housing with Solar+Storage,” found these retrofits can zero out some properties’ net electricity bills.
In regions of the developing world where electrical grids are weak or nonexistent, people often rely on kerosene. In a webinar on Sept. 16, staff from four pay-as-you-go solar companies described how they are building rural sales networks in Africa and India to replace kerosene lighting.
On May 7, 2014, Unilever and NRG Energy announced the formation of a strategic partnership. The goal? To source 100 percent of the energy used by Unilever’s United States operations from onsite and offsite renewable generation by 2020. During a recent two-day conference, managers from both companies reflected on the progress they’ve made and the lessons they’ve learned during the past year.
In the United States, microgrids are concentrated in the Northeast, according to Katherine Tweed, a writer at Greentech Media. How can microgrids expand their footprint and reach other regions and cities?
Climate resilience retrofits for affordable multifamily housing are critical to the survival of apartment residents. Jim Newman, principal of Linnean Solutions, said in a workshop at BuildingEnergy 15 on March 4 in Boston that “a lot of people are going to be sheltering in place.”