Josh Hile, CFA, CPA’s Post

It's incredible to think it's been almost two years since the Inflation Reduction Act (IRA) was signed into law. This landmark legislation has sparked one of the biggest investments in climate action and energy security in U.S. history, and the progress we've seen since then is truly inspiring. Since the IRA's enactment, we've seen solar energy capacity in the U.S. soar. In 2023 alone, we added 32.4 gigawatts of new capacity—a 37% jump from the previous year. For the first time ever, renewable energy generation has outpaced coal. It's a clear signal that the shift to clean energy is well underway. And the momentum keeps building. In Q1 of 2024 alone, clean energy investments hit a record $71 billion, up 40% from the same period last year. This growth is fueled by innovative technologies like our own B-TRAN™ technology. The journey to a net-zero future is a massive, collective effort, and it's exciting to see the U.S. Department of Defense partnering with startups like Eavor Technologies Inc. for geothermal energy projects, and tech giants like Microsoft and Schneider Electric driving collaboration and innovation at events like COP28. We've come a long way, but there's still so much more to do. Let's keep pushing forward, investing in, and innovating for a sustainable, resilient energy future. 👉 Find the full article here: https://lnkd.in/dDZxF4J6 #CleanEnergy #InflationReductionAct #RenewableEnergy #Innovation #CleanTech

North America's energy transition could be longer, more expensive, and more politically contentious than previously predicted. Our North American #power experts explore the current bottlenecks to the energy transition and the best ways to navigate the path to decarbonisation in our latest outlook. Get the complimentary extract here: https://okt.to/nSNwPc #energytransition

North America's energy transition could be longer, more expensive, and more politically contentious than previously predicted. Our North American #power experts explore the current bottlenecks to the energy transition and the best ways to navigate the path to decarbonisation in our latest outlook. Get the complimentary extract here: https://okt.to/OqaZ9b #energytransition

North America's energy transition could be longer, more expensive, and more politically contentious than previously predicted. Our North American #power experts explore the current bottlenecks to the energy transition and the best ways to navigate the path to decarbonisation in our latest outlook. Get the complimentary extract here: https://okt.to/7D8y6F #energytransition or message me directly - 📧 samual.stones@woodmac.com

North America's energy transition could be longer, more expensive, and more politically contentious than previously predicted. Our North American #power experts explore the current bottlenecks to the energy transition and the best ways to navigate the path to decarbonisation in our latest outlook. Get the complimentary extract here: https://okt.to/1jUNgX #energytransition

North America's energy transition could be longer, more expensive, and more politically contentious than previously predicted. Our North American #power experts explore the current bottlenecks to the energy transition and the best ways to navigate the path to decarbonisation in our latest outlook. Get the complimentary extract here: https://okt.to/MrIDZG #energytransition

Navigating the Path to a Greener Future: Analyzing the CAPEX Trend in the Electric Power Generation Sector Electric power generation is a prominent contributor to global greenhouse gas emissions, with the electricity and heat generation sector witnessing the largest surge in carbon emissions in 2022, according to the IEA’s CO2 Emissions Report. Aligning the electricity sector with the Paris Agreement’s 1.5°C goal will likely require substantial investments in the energy transition. Clean energy investment has gained a strong lead over fossil fuel investment in recent years. The rapid growth in clean energy investment is attributable to a confluence of factors, such as favourable economic conditions amidst volatile fossil fuel prices, robust policy support such as the U.S. Inflation Reduction Act and the EU REPowerEU plan and Fit-for-55 package, new initiatives in China and India, and energy security concerns incentivizing policy makers to reduce dependencies on fossil fuels. Global investment in clean energy set a new record, reaching $1.6 trillion in 2022. It was driven by renewables, especially solar PV; energy efficiency; grids; and energy storage projects. Read the full report authored by Ahra J., Aparna Joshi, and Pravin Ubale, at: https://lnkd.in/ekbxsQyS #Sustainability #GreenhouseGas #RenewableEnergy

North America's energy transition could be longer, more expensive, and more politically contentious than previously predicted. Our North American #power experts explore the current bottlenecks to the energy transition and the best ways to navigate the path to decarbonisation in our latest outlook. Get the complimentary extract here: https://okt.to/gBWo7U #energytransition

Clean Energy Investments Set to Soar in 2024 🌱💰 TL;DR: Global investment in clean energy is projected to reach $2 trillion in 2024, nearly double the spending on fossil fuels, with solar power leading the charge. Highlights: • Investment Surge: Clean energy investments to hit $2 trillion. • Solar Power Dominance: Solar funding expected to top $500 billion. • Regional Disparities: Emerging markets outside China face funding gaps. • Executive Insight: "For every dollar going to fossil fuels today, almost two dollars are invested in clean energy" – Fatih Birol, IEA. • Importance of the Shift: Key to achieving climate goals, spurring economic growth, and providing environmental benefits. • Economic & Environmental Impact: Highlights the critical role of renewable energy in sustainable development. #CleanEnergy #RenewableEnergy #ClimateAction #SolarPower #Sustainability Article Source: https://lnkd.in/gVSu_ZQV

According to BloombergNEF, global clean energy investment reached $1.8 trillion in 2023! 🌱 "This is a new record level of annual investment and demonstrates the resilience of the clean energy transition in a year of geopolitical turbulence, high interest rates and cost inflation." We're excited to see that energy storage was up 76% when looking at the global energy transition investments by sector. 🔋 Read more: https://lnkd.in/eTcvGYe7 #EnergyStorage #EnergyTransition #Decarbonisation