RMI’s Post

New insights: Dive into the stock of recent clean energy progress and what’s needed to push it forward in the U.S. 🔌 While we’ve seen a good deal of momentum over the last year — such as record-breaking EV sales, new energy capacity dominated by renewables, and promising policy movements on key issues such as transmission — significant obstacles remain. Rising interest rates and project costs, permitting and siting challenges, and persistent supply chain issues are holding clean power development back at a time when it needs to be surging ahead. Explore more: https://bit.ly/3SCcAFY

There is a lot to like in the latest deck by RMI on the energy transition. The s-curve and tipping point logic of many of the tech deployment trends (e.g., solar PV, EVs) is compelling and - still, despite the growing profusion of evidence - not widely appreciated. What I particularly liked though was the rumination below on how these changes in technology and economics will impact the public discourse on the energy transition in 2030. For those not paying attention and stuck in the conventional wisdom of the previous decades, the public mindset's switch from "renewables are too expensive" to "give me more renewables to bring down power prices" will feel sudden and unexpected. But it shouldn't be, because it's very clearly coming. The whole deck can be found here: https://lnkd.in/erHrcKvJ With thanks to my friend Daan Walter and his colleagues Kingsmill Bond and Sam Butler-Sloss at RMI.

Lots of thought provoking graphics and sound bites about the energy transition in this pack. e.g. - We are in a race between climate tipping points and economic tipping points. - Renewables, electrification, and efficiency are rapidly transforming the energy system - New energy is fundamentally different to old energy Which is your favourite?

Save the date for the IREC 2023 Vision Summit! The interconnection of distributed energy resources (DERs), like solar and energy storage, is a foundational element of the transition to a 100% clean, equitable, and resilient energy future. This year's Vision Summit will explore critical clean energy interconnection issues and elevate key solutions. Explore the agenda & save your spot at https://lnkd.in/e7CDNudC!

While we’ve seen a good deal of momentum over the last year — such as record-breaking EV sales, new energy capacity dominated by renewables, and promising policy movements on key issues such as transmission — significant obstacles remain. World Resources Institute takes stock of recent clean energy progress and what’s needed to push it forward in the #US 👇 https://bit.ly/3SCcAFY

Global investment in #cleanenergy hit a record high of $1.8 trillion in 2023, up 17% from the year before according to BloombergNEF's recent report. Electrification of transport, hydrogen power, and carbon capture are all experiencing exponential growth.   However, to achieve #netzero emissions by 2050, the annual clean energy spending needs to triple by the end of the decade.   #renewableenergy like solar and wind, along with energy storage solutions and grid modernization, require significantly more investment.   Albert Cheung, Deputy CEO of BNEF, said: “This report shows just how quickly the clean energy opportunity is growing, and yet how far off track we still are. #Energytransition investment spending grew 17% last year, but it needs to grow more than 170% if we are to get on track for net zero in the coming years. Only determined action from policymakers can unlock this kind of step-change in momentum.” 

New York Energy Week 2024: "Unlocking the Power of the Sun: The Rise of Concentrated Solar Thermal Energy in the US" From Monday, June 24 to Friday, June 28, 2024, New York Energy Week (NYEW) will once again serve as a central hub for the global energy ecosystem. Celebrating its 11th year, NYEW has become a crucial event for fostering connections among a diverse array of energy market participants. This annual gathering brings together experts and enthusiasts from the renewable and fossil fuel industries, utilities, regulatory bodies, finance, government, academia, law, and media. Designed to inspire collaborative action, NYEW facilitates groundbreaking innovations and strategic partnerships. Since its inception, NYEW has empowered thought leadership and bridged gaps between energy sectors. The event's extensive line-up of panel discussions, workshops, keynote addresses, and networking opportunities provides a unique platform for attendees to share insights, challenge norms, and explore the latest trends shaping the future of energy. One of the highlights of NYEW 2024 is the session "Unlocking the Power of the Sun: The Rise of Concentrated Solar Thermal Energy in the US," scheduled for June 27 from 10:00 am to 10:30 am. Steve Anglin (He, Him, El) MBA PMP 6Sigma GB, Founder and CEO of WeSolar, will lead this discussion, focusing on the increasing role of concentrated solar thermal energy in the United States. This session promises to offer valuable perspectives on the potential and advancements of solar thermal technology in the energy landscape. Join this important event to connect with industry leaders and be part of the conversation shaping the future of energy. https://lnkd.in/ePxrAm7c #RenewableEnergy #CleanEnergy #EnergyInnovation #Sustainability #EnergyFuture #SolarPower #ConcentratedSolar

📣 PSA: The various segments of the energy transition are not a monolith and can be non-correlated to one another. For example, "The Nasdaq Clean Edge Smart Grid Infrastructure Index ended last year up more than 20%, led by companies such as Eaton Corp., ABB Ltd. and Schneider Electric SE, compared with the more than 20% decline of the S&P Global Clean Energy Index."   This is precisely why Blue Horizon Capital’s BNE INDEX provides holistic exposure to the New Energy Economy, diversified across:   🚗 E-Mobility 🔋 Energy Storage 🔗 Performance Materials 🔌 Energy Distribution ⚡ Energy Generation   #cleantech #newenergyeconomy #energytransition Tony Fusco John Mitchell   https://lnkd.in/gKSJt8Kd

"Electricity grids will require at least $21.4 trillion of investments by 2050 to support a global net-zero trajectory. The grid is the linchpin upon which the fate of the energy transition hinges, with the current investment shortfall emerging as a 'bottleneck.' "While investments in wind and solar mostly resulted in losses in 2023, fund managers who piled into companies tied to the electrical grids that distribute clean energy enjoyed double-digit returns. The Nasdaq Clean Edge Smart Grid Infrastructure Index ended last year up more than 20%, led by companies such as Eaton Corp., ABB Ltd. and Schneider Electric SE, compared with the more than 20% decline of the S&P Global Clean Energy Index."

Hey folks- The Clean Energy transition is underway and for many of us it will be solar leading the charge for decentralization and energy independence. Have a peek at the link I created below for some insight (worth your time). https://lnkd.in/geHPx9qy