Joel Makower

FREE WEBINAR: Roadmap for Climate-Related Disclosures: California, SEC & CSRD Wednesday 31st July | 11am ET | 8am PT | 4pm BST Delivered in partnership with ClimeCo Register for this webinar to gain valuable industry insight into how to prepare your business to meet upcoming climate-related deadlines. Our expert speakers will also cover: ⏱️Disclosure mandates and critical deadlines 📍The roadmap to compliance preparation, including specific actions, risks and opportunities 📝How to take advantage of planning efficiencies including considerations for internal team coordination through illustrative case studies REGISTER YOUR PLACE FOR FREE: https://hubs.ly/Q02G10-10 #Decarbconnect #ClimeCo #Climatedisclosures #SB253 #SB261 #SEC #CSRD #Decarbonisation #Sustainability #Sustainable #Compliance

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A new E3 study looks at the impact of different clean energy accounting frameworks on systemwide or "consequential" carbon emissions under voluntary clean energy purchases. The study uses E3’s California RESOLVE capacity expansion model (https://lnkd.in/giG8wYN9) to dynamically evaluate changes in system dispatch and investments over time under both annual and hourly matching approaches. We find that annual and hourly matching approaches result in similar impacts on long-run, consequential carbon emissions except under a relatively narrow set of circumstances. We also find that hourly matching will be much more difficult and costly to achieve in real life than in a capacity model context, and will expose participating customers to significant market risk due to the overprocurement that is required to match hourly demand during the most challenging hours. Finally, we conclude that long-term power purchase agreements (PPAs) will continue to be needed to finance capital-intensive clean energy projects, underscoring the important role of demand for PPAs from both the compliance and voluntary markets in facilitating clean energy development. We thank Meta for its partial support for this analysis; all report conclusions and findings are our own. Find the blog post and download the full report here: https://lnkd.in/giVBVzCR. E3’s Arne Olson, Kush Patel, Elizabeth Mettetal, Gregory Gangelhoff, Angineh Zohrabian, Ph.D., Hugh Somerset, Ruoshui Li, and Joshua Spooner contributed to the report.

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This final segment of Brown and Caldwell's series on #corporatewaterstewardship discusses how the public sector can get more involved and presents opportunities for win-win partnerships that drive strategic innovation. https://lnkd.in/eSTMcEHV

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What are corporations looking for when investing in #waterstewardship projects and how can utilities leverage private sector funding? https://ow.ly/7yIK50SCNmK BC’s Dr. Carla De Las Casas and Dr. Patricia Whitby share their expertise in Part 2 of the #WaterOnline series “Unlocking the Potential of Corporate Funding to Address Water Challenges.” #sustainability #ESG #utilities #funding

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By 2040 more batteries will be on wheels then stationary as VPP V2G sets the world free from autcratic energy dependence. Energy, independence, fueled peace, and prosperity is the future, regardless of who may want it or not.

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DOE proposes ten “national interest” transmission corridors (my latest for PV Magazine USA) Eight of the ten transmission corridors proposed by the U.S. Department of Energy would facilitate transmission between grid regions; one would expand transmission within the Mid-Atlantic’s #PJM grid region; and one would expand transmission in the Northern Plains.

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🚨 Weekly Positive VCM News: 🎯 Verra pauses reviewing new methodology proposals for its VCS program for 2024 to focus on advancing priority climate actions 📢 Patch urges SBTi to urgently provide clear guidance on using carbon credits for mitigating Scope 3 emissions 🔙 California's SB 1036 Bill, which aimed to strictly ban low-integrity carbon credits, is pulled after criticism from developers and buyers 🚀 Engineering-based removals startup 44.01 raises $37m to support tech development and international expansion 🤝 Swiss Re and goodcarbon launch insurance for long-term carbon credit purchases, joining others in offering in-kind replacements for insured credits 🔗 in the comments #carbonmarkets #BlueLayer

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Read up on my latest #PowerPlaybook finances column below! National Grid Partners has been curating quite the project portfolio

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Numerous renewable energy investment opportunities available in Efficient Markets, via RenovaNexa and Government Resources. Sealed bid listings currently hosted by RenovaNexa: Solarstone Limited - Eastern Colorado Energy Center - 30 MW Solar PV + 60 MW / 180 MWh BESS - Location: Kit Carson County, Colorado - Bidding Closes: September 30, 2024, 4:00 PM (CT) Clean Royalties Generation, LLC - ISO New England - Community Solar Portfolio (3 MW) - Locations: Addison, Caledonia, Chittenden, Washington, Windham, and Windsor Counties, Vermont - Bidding Closes: October 31, 2024, 4:00 PM (CT) Black Mountain Energy Storage II, LLC - ERCOT - Battery Storage Portfolio; 750 MW x 2h Capacity - Locations: Bell, Calhoun, Harris, Lampasas, and Martin Counties, Texas - Bidding Closes: October 31, 2024, 4:00 PM (CT) Government Resources is facilitating a geothermal energy lease sale for the Bureau of Land Management (BLM), featuring 66 parcels covering 200,000+ acres in Nevada. This offering ends October 8. Interested in learning more? DM me or visit www.efficientmarkets.com for details. #Sustainability #CleanEnergy #RenewableEnergy #SolarEnergy #BatteryStorage #GeothermalEnergy #InvestmentOpportunities #EnergyTransition #CleanTech #GreenEnergy

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🌞 Exciting News for Solar Manufacturing! 🌞 The Biden-Harris Administration has announced a new tariff exclusion process aimed at bolstering domestic solar manufacturing. This move is set to protect U.S. manufacturers from the upcoming tariff hikes on goods from China, including critical solar equipment. By focusing on specific machinery used in the manufacturing process, this initiative aims to strengthen the U.S. solar supply chain and support the growth of renewable energy industries. 🌱🔋 Read more about this significant development here: https://conta.cc/4fc86jH #SolarEnergy #RenewableEnergy #Manufacturing #BidenHarrisAdministration #Tariffs #Sustainability

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#Microgrid project Aims to Cut #Diesel Use, Save on #Energy Costs, Move Toward #EnergyIndependence in 8 #Rural Alaskan Communities: Lucas Miller Laurel Hamilton Trent Maw Michael Stadler https://lnkd.in/g85bhaP8

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📉 **New Research Shows Voluntary Carbon Market (VCM) Contraction for Second Year in a Row** Today, new research published by Ecosystem Marketplace reveals that the VCM has experienced a significant contraction for the second consecutive year. Despite this overall decline, the findings highlight a complex and maturing market landscape with some segments showing growth while others declined. 🔍 **Key Findings:** - The overall market transaction volume dropped 56% from 2022 to 2023. - Total reported transaction value was $723M USD. - Contributing factors include negative media coverage and buyers pausing investments awaiting guidance from integrity initiatives. While the market faced a slower year compared to the boom in 2021 and 2022, the diverse performance across different project categories reflects the evolving dynamics of voluntary climate action within the private sector. Read more on the latest trends and insights into the VCM's development. 🌍📊 #VCM #CarbonMarket # https://lnkd.in/gziVE_SJ

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🌍 🌳 Last week was eventful and prosperous for many climate tech companies in terms of funding. Recent climate tech funding updates have covered sectors including renewable energy technologies, carbon capture and storage and solar thermal technology. Here’s the Climate Insider’s weekly report on funding: 👉 Dynelectro announces the successful closing of an €11 million investment round. 👉 280 Earth, a carbon capture startup originating from Google parent Alphabet, has secured a $40 million deal. 👉 Naked Energy Ltd announces £17m of new equity in the first close of their Series B, led by E.ON Energy Infrastructure Solutions. 👉 Carbon Limit, a climate tech company revolutionizing the concrete industry with its proprietary CO2-capturing technology, was named a grant recipient of the South Florida ClimateReady Tech Hub’s recent $19.5 million funding from the U.S. Department of Commerce’s U.S. Economic Development Administration (EDA). 👉 Germany grants €4.6 billion to 23 green hydrogen projects following EU approval. 👉 LevelTen Energy closes a $65M Series D funding round to scale transaction infrastructure for the next phase of the clean energy transition. 👉 Syntetica, a startup focused on nylon recycling, has secured €4.2 million in Seed funding. ​​ 👉 SHEIN launches a €200 million Circularity Fund in the UK and the EU, alongside a commitment to invest €50 million in broader ESG efforts. 👉 The Canada Infrastructure Bank/ Banque de l'infrastructure du Canada (CIB) has completed a $100 million investment with GDI Integrated Facility Services Inc. (GDI) to finance extensive energy retrofits in aging buildings across Canada, aiming to substantially decrease their environmental footprint. 👉 Beijing plans to invest $800 billion over the next six years to upgrade its electricity grid, addressing rising demand and supporting the transition from coal to renewable energy. 👉 Climate tech startup 44.01 secures $37 million to expand its solution for turning CO2 into rock. #ClimateTech #Funding #CarbonManagement #DataAnalytics #ClimateRisk #ClimateTechFunding #ClimateTechInvestment #ClimateInvestment #ClimateAction #ClimateChange #StartupFunding

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✅ California's community solar potential is not being fulfilled amidst stakeholder demands, leading to a controversial vote by the CPUC. ✅ Alliant Energy in Wisconsin completes 200 MW solar project, part of a 12-project buildout, with combined capacity reaching over 1 GW. ✅ Long-Duration Energy Storage (LDES) advances in competition with lithium-ion batteries, offering lower costs over larger periods. From community solar projects in California not reaching their full potential owing to a contentious CPUC vote, to unprecedented solar accomplishments in Wisconsin where Alliant Energy wraps up a 200 MW solar project - part of an ambitious multi-phase assignment spanning 12 projects aiming for over 1 GW! The post also discusses remarkable advancements in Long-Duration Energy Storage (LDES), expected to overtake lithium-ion batteries with lower costs over extended periods. In international news, price trends in the global solar industry are fluctuating due to complex intercontinental trade environments, with the solar wafer prices softening. As for weather, unique irradiance patterns recorded across North America due to the Gulf's heat dome and a polar jet stream have brought fascinating changes to solar outputs in May. Adding to exciting developments, Chinese wafer manufacturer TCL Zhonghuan aims to acquire a majority stake in Maxeon, boosting its financial strength. Lastly, Canadian Solar, a global manufacturer, is challenging the widespread support for tariffs among fellow solar manufacturers. For more information on selling solar virtually across the USA visit www.tstpros.com ☀️

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Long before panel-maker First Solar Inc. asked the US to penalize rival imports it says illegally benefit from foreign subsidies, the company boasted about getting similar incentives from some of the same countries. America’s biggest solar manufacturer — which in April joined other companies seeking tariffs on solar cells from Cambodia, Malaysia, Thailand and Vietnam — has for 16 years touted a tax holiday awarded to its Malaysian subsidiary in US regulatory disclosures. First Solar’s Vietnamese subsidiary, meanwhile, benefits from government incentives that lower its tax bill. The fact that First Solar is asking for tariffs while receiving foreign subsidies of its own highlights the complexities of global solar supply chains at a time when the US and other countries are trying to jump start domestic manufacturing. It also cuts to a core issue in the high-stakes US trade investigation of solar imports: At what point are government subsidies unlawful?

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Grid analysts challenge Bonneville Power’s pace in adopting advanced conductors--my latest for PV Magazine USA. As the White House encourages utilities to use advanced conductors to help interconnect new renewable generation, the federally-owned utility Bonneville Power is moving slowly to use the high-capacity conductors, analysts said. Mike O'Boyle, Casey Baker, Michelle Solomon #AdvancedConductors

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