Energy Update
The U.S. Partnership for Renewable Energy Finance – made up of a coalition of corporations that includes Google, Amazon Web Services, and Goldman Sachs – sent a letter Monday urging Texas leaders to scrap anti-renewable energy proposals crafted in response to the extreme winter storm that left millions in the state without power last February.
A new interactive map analyzes how each state can meet 50% of its energy demand through the deployment of solar panels as part of the U.S. reaching its goal of net-zero carbon emissions by 2050.
Renewable energy advocates offered reactions on Monday to the United Nations Intergovernmental Panel on Climate Change report that warned of a “code red for humanity” due to global warming.
The report – signed by leaders from 195 governments – is the first released by the panel since 2013, again confirming that global warming is being driven by emissions from human activities.
MAN Energy Solutions and ANDRITZ Hydro have completed a strategic framework agreement to jointly develop international projects for the production of green hydrogen from hydropower. Frank Mette, chief executive officer of ANDRITZ Hydro in Germany, and Dr. Uwe Lauber, CEO and chief technology officer of MAN Energy Solutions, signed the agreement.
Oil-rich Saudi Arabia has connected its first wind farm to the grid, according to reports from Aljazeera and local media.
The 400-megawatt Dumat al-Jandal wind farm – developed by EDF Renewables and Masdar – is made up of 99 wind turbines, the reports said.
American Electric Power – operator of the nation’s largest electricity transmission system – announced on Monday the launch of a Sustainable Finance Framework (SFF) to support the funding of social and environmental projects.
San Diego-based energy infrastructure giant Sempra announced a similar SFF last week. By issuing bonds, loans, or other financial instruments, the companies hope to support clean energy and socially conscious projects in the pursuit of net-zero emissions.
Contributed by Tony Morton, global technical head for power systems at engineering and technical consultancy, Vysus Group
Aurora Solar – makers of an industry-leading software platform for solar sales and design – announced Monday the acquisition of Folsom Labs to bolster its commercial offerings.
Folsom Labs is the developer of HelioScope, a leading software platform for the commercial solar sector. Aurora Solar’s founders believe the company now has the tools to offer best-in-class solutions to residential and large-scale commercial clients.
Massive investment in offshore wind is expected to drive capacity to 21 gigawatts by 2030, according to a report by IHS Markit, compared to the current capacity of 42 megawatts. But analysts say the industry is still likely to fall 30% short of President Biden’s 2030 goals.
A new report released by research company IHS Markit explains the role gas can play in the transition to net-zero.
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