U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Historically, most utility capital investments focused on regulated generation and transmission assets that provided the basis for customer rates structures and returns. But the growing interconnectivity within utility assets and electric distribution networks now requires a more holistic approach to planning, and many regulators are requiring utilities to invest in distribution under similar reliability mandates to those governing generation and transmission markets.
PLAINFIELD, Ind., April 19, 2017 /3BL Media/ – PaperWorks Industries has made a strategic investment of approximately $3.5 million to reduce its energy consumption at its Wabash operations. The result earned the company a $1.13 million incentive payment from Duke Energy’s Smart$aver® Custom program, which helps reduce the purchase and installation costs of high-efficiency equipment.
The Kohler Signature Store by First Supply has become the first retail space in the U.S. to receive Leadership in Energy and Environmental Design (LEED) Gold certification under the new LEED v4 guidelines. The U.S. Green Building Council (USGBC) awarded the 5,800 square-foot showroom located in Wauwatosa, Wisconsin, LEED Gold v4 for Interior Design & Construction Retail.
Answering the call for increasing energy self-reliance, a grassroots electricity-sharing model is emerging. “Community microgrids,” comprising community-owned or subscribed solar PV and other renewable energy sources, offer participants and surrounding consumers the security of energy resilience in times of grid failure and protection from energy price increases driven by volatile energy markets.
We are at the dawn of the Fourth Industrial Revolution, defined by its velocity and volume, scope and scale, and systems impact. The foundation of this new era is squarely built upon the success of the "digital grid." The first three revolutions—defined by the introduction of steam and mechanization, electricity and computing, respectively—all had profound societal impacts, but they lacked the exponential rate of technological breakthroughs and complexity that define the fourth.
VMware India recently sealed a deal with its builders to enable two of its largest buildings based in the city of Bangalore – Kalyani Vista and Kalyani Magnum – to receive 85% of their power from renewable energy. Kalyani Vista will receive wind energy for close to 438,000 sq. ft while Kalyani Magnum will receive energy for nearly 206,212 sq.ft from wind power turbines located in the State of Karnataka.
General Motors earned the 2017 EPA ENERGY STAR® Partner of the Year — Sustained Excellence award for continued leadership in protecting the environment through superior energy efficiency. GM’s commitment to reducing energy intensity saved $73 million in energy costs last year and avoided 388,000 metric tons of carbon emissions, equivalent to the electricity use of 57,000 U.S. homes.
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