Sunrise brief: FERC Commissioner Allison Clements describes the path forward for renewables
Also on the rise: Solar PV LCOE expected to slide to $0.021/kWh by 2050, DNV says. Vermont utility announces emissions-free “zero outages” initiative. And more.
Fossil-intensive utilities plan to add 115 GW solar, 53 GW gas by 2030
In a renewables transition report card from the Sierra Club, only six utilities earned a grade of A, while 29 received an F. “Utilities are failing,” said the group’s executive director, “to protect our health and our collective future.”
Solar PV LCOE expected to slide to $0.021/kWh by 2050, DNV says
By mid-century the levelized cost of energy (LCOE) for solar PV will be $0.021/kWh, a new report by risk management company DNV predicts. The learning rate for solar is predicted to decrease from 26% to 17% by 2050.
FERC Commissioner Allison Clements describes the path forward for renewables
Clements outlined several improvements needed to advance the energy transition, speaking to an audience convened by the renewables trade group ACORE.
Vermont utility announces emissions-free “zero outages” initiative
Green Mountain Power targets zero power outages by 2030, backed by a strong contribution from solar, wind, and energy storage linked in microgrids.
Maxeon Solar Technologies to slash 15% of global workforce
Solar panel producer Maxeon Solar Technologies will lay off 750 employees by the end of the year as the company reels from reduced shipments from its largest distributed generation (DG) customer in North America and an ‘industry-wide demand slowdown’ in global DG markets.
Sunrise brief: Perch Energy raises $30M to expand community solar
Also on the rise: Swedish battery manufacturer to open factory in Canada. Growth of solar, wind cuts emissions in global electricity sector. And more.
Growth of solar, wind cuts emissions in global electricity sector
Wind and solar are the only sources of electricity that have substantially increased in terms of generation and their share in the global energy mix, according to UK consultancy firm Ember.
Perch Energy raises $30M to expand community solar
The investment by Nuveen, one of the largest investment managers in the world, will provide Perch with access to Nuveen’s portfolio of affordable housing units and residential apartments.
Swedish battery manufacturer to open factory in Canada
Northvolt Six will use a circular economy approach in its 60 GW/h of annual cell manufacturing in Quebec, assembling batteries for the U.S. automotive market.
