The utility giant now owns or purchases 8,000 MW of renewable generation, with plans to double that mark by 2025. However, while the company eyes zero-carbon electricity by 2050, it maintains that natural gas will remain a crucial source to achieve this goal.
Renewable energy development can be the catalyst for restoring our economic strength post-Covid-19. Founders of Navajo Power along with Kevin De Leon, Los Angeles City Council candidate, make their case.
Renewable energy industry officials are hopeful that a post-pandemic comeback is possible in 2021 but, “Supply chain issues haven’t played out yet,” said George Strobel of Monarch Capital.
Electrical demand across most, but not all, industries is down due to the pandemic. Yet, while hospitals and pizza shops drive demand, it remains to be seen how much of this new load will be met with renewable energy.
Also in the brief: Michigan solar installers say their future depends on lifting the energy cap. Plus, chickens.
Until now, the value of distributed energy resources has been robbed by as much as 50% because the CPUC’s avoided cost calculators did not include avoided transmission costs in valuations of DERs.
The funding was led by an existing investor of FreeWire, BP, and will allow the company to commercialize its upcoming Boost EV Charger, as well as expand operations across the United States and into Europe.
The Nordic nation is now the third European country to wave goodbye to coal for power generation. Another 11 European states have made plans to follow suit over the next decade.
Also in the brief: California regulators will include avoided transmission costs to the valuation of distributed energy resources, the Southeastern Pennsylvania Transportation Authority has signed two power contracts, Philadelphia has reopened its Solarize Philly program and more.
Also in the brief: Solis has earned SunSpec rapid shutdown certification, EDF renewables has partnered with Cubic Corporation on a solar, storage and EV charging installation, NextEra Energy has raised $4 million in COVID-19 emergency assistance and more.
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