The Rocky Mountain Institute said global demand for fossil fuels peaked in 2019, and renewables are occupying that demand due to low costs and shifts in global capital.
Also on the rise: Waste-to-hydrogen facility to fuel transportation in California. BP to construct 134 MW project in Ohio for Meta. And more.
VP3 Initiative will help catalyze potential for the rapid growth of virtual power plants.
To realize the clean energy opportunity, a national strategy should prioritize accelerating investment in clean energy technologies, physical infrastructure, and vertical supply chains, says RMI.
Workplace EV chargers, which number only 10,000 in the US, are needed for charging EVs in regions with abundant solar generation, says an RMI study. Home chargers are fine in regions with high wind generation, to enable nighttime charging with wind power.
Also on the rise: Nashville approves 3.2 MW of solar PV at water treatment plants, and PG&E says it aced California’s 2020 RPS goal.
Also in the brief: Florida Power & Light quietly reduces solar commitment, and new MWT BIPV from Sunport Power.
Executive moves in solar, storage, cleantech, utilities and energy VC
Also in the morning brief: Maine’s renewable procurement, Scatec Solar’s big South African solar plant, Silfab Solar’s manufacturing expansion in Washington, plus the NABCEP conference is next month.
Two potentially “self-fulfilling” energy transition narratives are in competition, says a World Economic Forum report. Only one, the “rapid narrative,” would help us limit global warming to the Paris Agreement goal of “well below two degrees Celsius.”
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