NY working hard to catch up with CA’s energy storage requirements

NY Working Hard to Catch Up With CA’s Energy Storage Requirements (via Clean Technica) by Bill Radvak Battery storage is gaining more and more traction in the distributed energy resources community. Last fall, California passed the first statewide energy storage directive in the United States. Issued by the California Public Utilities… … [Read more...]

With a growing rift in the Republican Party, renewable energy is becoming a bipartisan issue

Image courtesy of Solar Power World Online

In the current tense political atmosphere, where almost anything he does comes under criticism and ridicule by Republicans and Tea Partiers, President Obama addressed climate change and energy in an understated manner during last night’s State of the Union address. He again endorsed an ‘all-of-the-above energy plan and spoke of a strategy that embraces not only clean fuels and energy conservation, … [Read more...]

World Bank Head Calls for Carbon Pricing to Rescue Climate

World Bank Head Calls for Carbon Pricing to Rescue Climate (via Environment News Service) DAVOS, Switzerland, January 27, 2014 (ENS) – At the World Economic Forum in Davos, World Bank President Jim Yong Kim called for a price on carbon, requiring companies to disclose their climate risk exposure, and greater investment in green bonds in… … [Read more...]

Venture Capital and Cleantech weekly update

Joule Assets Inc., a provider of financing for power-reduction projects, created a $100 million fund for institutional investors to back projects that generate revenue by reducing electricity consumption. The Energy Reduction Assets Fund will support projects such as building-control systems, efficient lighting and programmable thermostatsThe fund provides accredited investors a channel into the … [Read more...]

New tools are available for companies and investors to better valuate ‘Natural Capital’

In our recent 2014 outlook, we discussed the importance of ‘Natural Capital’ (also referred to as ecosystem services). Both businesses, financial institutions, and investors are staring to take notice of the long term economic impacts of natural capital, such as increasing weather extremes, volatile commodity prices and water availability and pollution. The economic toll of business activity to … [Read more...]

IRENA launches roadmap to doubling renewable energy share by 2030

REmap 2030 Launched — Roadmap To Doubling Renewable Energy Share By 2030 (via Clean Technica) IRENA has just launched REmap 2030, a roadmap showing how the world can double the share of renewable energy in the global energy mix by 2030, and triple the share of “modern renewables.” Overall, REmap 2030 sees modern renewables quadrupling in… … [Read more...]

Growth of the solar industry provides momentum for innovative ways to reduce cost of capital

Solar companies have been in the news a lot lately because of their booming share prices, but solar is making even more headlines to begin 2014 due to a spate of recent innovative financial deals. As solar companies are continually looking for ways to lower their costs of capital, many are using increasingly innovative ways to raise capital, including bond issues, bank loans and even … [Read more...]

Climate scientist to US Senate: ‘Climate change is a clear and present danger’

Climate scientist Dessler to US Senate: 'Climate change is a clear and present danger' (via Skeptical Science) Posted on 20 January 2014 by dana1981 Last Thursday, the US Senate committee on environment & public works held a four-hour hearing to review President Obama's Climate Action Plan. The hearing began with statements from the committee members, and then… … [Read more...]

Venture Capital and Cleantech weekly update

Google (GOOG) is acquiring Nest, a connected device company, for $3.2 billion. Nest has been offering its best-selling smart thermostat since 2011 and recently began offering the Protect smoke alarm, which networks with its other devices. “They’re already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe,” said … [Read more...]

With disappointing 2013 cleantech numbers in, organizations call for better ideas to reach a ‘Clean Trillion’

Image courtesy of Ceres

As the data on cleantech investment numbers from 2013 arrive, policymakers and many investors are focused on getting the message that the level of investment in cleantech, both through venture capital and project development, is far below what is needed to avoid the most devastating impacts of climate change. The message is not just regarding the environmental impacts of climate change, but the … [Read more...]