But local government officials are not sure what to make of the company, which had discussed adding more than 2,000 jobs in a region plagued by plant closures. New York: Several electric auto startups that raised large sums from investors in the wake of Tesla’s ascent are hitting potholes as they pursue next-generation vehicles. The […]
The Solar Energy Segment Looks Set to Continue Its Expansion
NEW YORK : Solar energy is expected to play an increasingly important role in the global energy infrastructure. According to a research report by Mordor Intelligence LLP, the global solar energy installed capacity is registered to be 728 GW and is estimated to grow to 1645 gigawatts (GW) in 2026, while growing at a CAGR […]
The Best Way to Judge Any Green Energy Policy
Instead of asking questions about cost or reliability, look at what special-interest groups are saying. Energy policy is often judged by three criteria: cost, reliability and effect on carbon emissions. That makes good sense, but I would like to suggest an alternative approach: Ask which green energy policies can get the support of most special-interest […]
Sustainable Debt Issuance Hits $3 Trilloion Threshold
Sustainable debt, for green and social issues alike, continues to grow in breadth and popularity at record pace London and New York : Sustainable debt has surpassed $3 trillion borrowed for environmental, social and governance purposes, according to the latest data compiled by research company BloombergNEF (BNEF). This milestone highlights the rapid growth this once-niche […]
U.S. Company Bets on Solar Manufacturing Upturn With New Plant
A U.S. energy company is betting it can help revive domestic solar manufacturing by moving a panel factory from the Pacific Northwest to Upstate New York and cashing in on government support. Convalt Energy is developing a factory in Watertown, New York, that Chief Executive Officer Hari Achuthan envisions producing about 700 megawatts of panels […]
Ark’s Wood Says Bitcoin ESG Push Makes Solar More Appealing
The value of bitcoin, the world’s largest cryptocurrency, has dropped approximately 30% this month due in part to concerns that its negative environmental impacts will discourage companies from adopting it. New York: A push toward relying more on renewable energy for bitcoin mining could make the underperforming solar industry more attractive, star fund manager Cathie […]
DSD Secures $85M in Tax Equity Financing to Support Pipeline of Distributed Generation Solar
SCHENECTADY, N.Y. : Distributed Solar Development (DSD) announced today the closing of $85 million in tax equity financing from Bank of America to support its expanding pipeline of distributed generation solar projects in the commercial and industrial (C&I) market through 2021, with a sizeable portion going toward New York State Energy Development and Research Authority […]
Zinc8 Energy Storage Closing in on Commercialization
2021 is primed to be the anchor year for Vancouver, BC-based Zinc8 Energy Solutions as it aims to be in small-scale production in 18-24 months. Zinc8 is testing the various system levels for certification, designing and running multiple demonstration projects, with each project having its own specific use case. With the assistance of accelerator program […]
JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment
Carbon CompassSM methodology outlines how the firm established its targets and will measure performance over time. Annual ESG Report provides updates about the firm’s approach to help clients transition to a low-carbon economy Firm achieves operational carbon neutrality and establishes new operational goals. NEW YORK : JPMorgan Chase today released comprehensive steps it is taking […]
Citigroup Forms Energy Transition Group Within Investment Banking
The entity will be headed by Serge Tismen and Shail Mehta, and will focus on companies including those involved in hydrogen, charging infrastructure, carbon capture and sequestration and biofuels. NEW YORK: Citigroup Inc has created a unit within its energy investment bank dedicated to the clean energy transition, aiming to capture more business from the […]