Recent ArticlesNextEra Energy, North America’s leading wind and solar generator, is combing through its base of existing solar facilities with an eye to retroactively adding batteries, as it adopts a more “aggressive” view on the falling cost of energy storage. “We increasingly see storage as an important standalone business in its own right,” CEO Jim Robo said Friday on an earnings call. The company is reviewing “a number of opportunities to add storage to our existing solar sites to take advantage of th...
Pacific Gas & Electric announced an accord with a key group of Wall Street bondholders this week, bringing it one step closer to its goal of emerging from bankruptcy by midyear. But the California utility still lacks one key partner: Governor Gavin Newsom, who has already rejected PG&E’s plan as insufficient to meet the state’s needs for a safer and more sustainable utility. And while Newsom can’t directly block the plan from being approved in bankruptcy court, the state does have...
European car manufacturers have warned of missed decarbonization targets and job losses unless the sector gets more support from policymakers. The European Automobile Manufacturers’ Association (ACEA), whose members include Volkswagen, Ford, Honda and Toyota, issued a 10-point plan to help the industry align with Europe’s Green Deal. The Green Deal sets the course for Europe to achieve carbon-neutrality by 2050. A roadmap published by the European Commission includes a goal for 90 per...
For almost every year in the historical record, utilities paid no attention to battery storage. Because of this, the past offers little insight into how quickly utilities will adopt the technology, which helps integrate renewables onto the grid, deliver peak capacity without carbon emissions, instantly adjust the frequency of the system and more. As costs have fallen and early adopters liked what they saw from initial trials, though, the cycle from pilot to evaluation to widespread adopti...
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