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
Lidl Finland's logistics center constantly learns to be more energy efficient through an integrated Schneider Electric EcoStruxure™ Microgrid Advisor & EcoStruxure Building Operation solution that uses demand response and targets more than 50% energy cost savings.
Governor Gretchen Whitmer, DTE and Consumers Energy today announced a $15 billion commitment to spend with Michigan-based companies over the next five years through Michigan Economic Development Corporation’s Pure Michigan Business Connect (PMBC) initiative.
Southern California Edison announced that it has signed seven contracts for 195 megawatts of battery-based energy storage resources to meet local capacity requirements in the Santa Clara sub-area of its electrical system. Contracts were the result of SCE’s Aliso Canyon Energy Storage 2 Request For Offers and last year’s Local Capacity Requirements Request For Proposals.
The new INGAA Foundation Inc. flagship report finds that natural gas will retain its critical role in the U.S. power sector for at least the next 20 years even as renewable energy grabs a bigger share of the nation’s electricity market. This trend, coupled with growing global demand for U.S. liquefied natural gas (LNG) exports, underscores the need for the gas industry’s continued investment in infrastructure to support these growing needs, according to Black & Veatch, the author of the report.
Already, 93 percent of global commercial and industrial companies have energy efficiency technologies in place. Meanwhile, adoption of combined heat and power (CHP) systems and battery storage increased at a similar rate to renewables: up 11 percent in 2019 from the previous year. These companies realize emissions are inextricably linked to energy consumption, which can be a major contributor to net corporate expenditure and a hurdle for low-carbon growth. In fact, a recent International Energy Agency study shows that efficiency improvements can yield up to 13.8 percent growth in annual profits.
Disruptive changes in today’s global energy landscape shape a new economy that is hyper-efficient and low-carbon. In this new energy paradigm, efficiency becomes a lever for profitability and growth – and more companies are taking notice. Already, 96 percent of companies have energy efficiency technology. The pace of adoption in renewables and energy storage has also accelerated: up 11 percent from the previous year. While technology may be an enabler, many companies struggle to translate these investments into long-term growth.
Recent research finds that organizations have more success on energy and sustainability initiatives when they set public goals. But with so many options available, how do you determine which goals will drive the greatest value for your organization? And against what criteria should you assess them? Our goals primer eBook summarizes the top global, third-party benchmarking standards and recommends how to choose the right one to accelerate your energy and sustainability ambitions.
Milwaukee – WEC Energy Group unveiled a report on the company’s strategy to reduce costs to customers, preserve fuel diversity and reduce carbon emissions through changes to its generation fleet.
The report – “Pathway to a Cleaner Energy Future” – illustrates the approach WEC Energy Group is taking to reduce emissions and presents a wide-ranging analysis of factors that will help shape future decision-making.
“At this pivotal time in the energy industry, we have made it a priority to reduce greenhouse gas emissions while maintaining a reliable, resilient and cost-effective energy system for our customers,” said Gale Klappa, executive chairman – WEC Energy Group.
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