Company is going all-electric and funding a new Yale center for applied research focused on carbon-negative technologies. FedEx Corp. announced this week that it wants to achieve carbon-neutral operations globally by 2040. The company laid out three key areas it will focus on via a $2B investment: vehicle electrification, sustainable energy, and carbon sequestration. This includes a pledge […]
At least $14 trillion needs to be invested in the grid worldwide by 2050 to support an evolved power system, according to BloombergNEF’s new Power Grid Long-Term Outlook 2021 published this week. The transition to electric heating and transport will drive up electricity demand, while the tremendous growth of wind and solar add additional strain on the grid. […]
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With the increase in Electric Vehicles’ availability in Midwest states, it is time to acknowledge the opportunities for charging EVs at the MISO regional grid operator level. Compared to other grid operators, MISO is unique due to its decreasing fossil-fueled power generation output and increasing the renewable output. Unlike California, MISO does not have a […]
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The New Jersey Board of Public Utilities approved a settlement that will enable PSE&G to develop electric vehicle charging infrastructure in New Jersey. The approval means that the state’s largest utility could invest $166 million over an expected six years to support the infrastructure for about 40,000 EV chargers at single-family homes, as well as […]
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The U.S. Department of Energy (DOE) last week announced new Biden-Harris Administration senior leadership appointees. The new leaders will direct policy at DOE, coordinate across the Administration, and enact President Joe Biden’s vision for bold action on the climate crisis and on safeguarding the Americans most affected by it. Among the appointed include Kelly Speakes-Backman, […]
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British people need to fly less, drive electric cars, eat little meat and turn their home thermostats down to 19 degrees Celsius (66 Fahrenheit) in order to rein in greenhouse gases damaging the planet.
Buildings account for nearly four-tenths of U.S. energy consumption through heating, cooling and other electricity use, according to the Energy Information Administration. And if that energy comes from fossil fuels, it releases more greenhouse gases th…
The insurance industry has lots of exposure to climate change. But as Warren Buffet has explained, not so much for companies that do annual policy adjustments, like Berkshire Hathaway. Their exposure is limited because the trends are baked into the pre…
Utilities and other energy experts convene each year at DISTRIBUTECH International (DTECH) to discuss the future of energy and this week Clarion Energy, organizer of the event, announced that the call for abstracts for the 2020 event is open.