How to replace 187 GW of coal with renewables, and save customers money
Several financing options could ease the replacement of uneconomic coal plants with renewables and storage, with some of the savings used to help coal workers transition to new jobs, says a report from climate advocates.
Morning Brief: CEI acquires 353 MW Coronal Energy portfolio, Inovateus Solar wins equity investment
Also in the brief: Clean Energy Virginia and U.S. Energy Secretary Dan Brouillette credits activists for a pair of high-profile pipeline setbacks.
Solar and storage venture capital and finance roundup
Plus a bunch of investments in carbon capture.
Morning Brief: Duke, Dominion abandon pipeline, Berkshire Hathaway buys $10B of gas assets from Dominion
Also in the brief: Tepco to reuse Chinese EV batteries for energy storage, end of Chinese dam-building era,
National Climate Bank amendment added to House’s pro-solar infrastructure bill
Congress has authorized more than $3 trillion in coronavirus relief, but none of this money has been for job creation. Supported by SEIA, a national climate bank can create millions of jobs, especially in low and medium-income communities.
Democrats’ ambitious climate action plan targets a clean US grid by 2040
With a timely focus on jobs and environmental justice, recommendations in the 538-page plan range from a solar ITC extension to a pushback on FERC’s ability to create wholesale market barriers to clean energy.
Morning Brief: NERA anti-net metering petition update, renewables top nuclear and coal again
“Reports indicate that the Taxpayers Protection Alliance, the Heartland Institute and NERA all have ties to the Koch brothers, who have funded climate denial and pro-fossil fuel campaigns for roughly three decades.”
Funding for solar inspection by drone, long-duration energy storage, and software for utilities
A roundup of recent funding in renewable energy and cleantech: Quidnet, DroneBase, Eos Energy, Urjanet, and Clir Renewables.
Morning Brief: Oil-rich Norway finds carbon capture too expensive, House’s $1.5T infrastructure bill packed with pro-solar provisions
Also in the brief: largest operational battery in the U.S., more futile carbon capture and more landfill solar
Proposed merger will make zinc battery developer Eos Energy a public company
Eos has executed a letter of intent for a merger with a SPAC — which would result in Eos becoming a publicly listed company. Investors seem fascinated by energy storage this year, the long-duration variety in particular.
