When an economy freezes, does it chill utility executives' ability to transform their energy sources? Macky McCleary, who directs energy, telecommunications and infrastructure for consulting firm Guidehouse, says the world will have to keep drawing more and more power from fossil-free sources- but he also warns that the United States may bungle the post-Covid recovery and thus thwart utilities' progress. Utilities figure to benefit from capital provisions that stoke the economic recovery- if and only if the federal government can lay out plans for public safety and retraining. We share McCleary's insight as we continue rolling out "CBEYond the Moment,"...
The story of a small property owner and a repaired boiler hints at the potential multipliers in C-PACE, a program that lets owners use energy savings to repay loans for upgrades. Keys to the program include training and coaching, which make the savings easier to achieve and quicker to see. Can programs like this provide cues to states revving out of the shutdown?
BP has become the biggest oil and gas company to promise to cut its carbon emissions to net zero by 2050. Bernard Looney, BP’s new chief executive, said that it was “no longer enough” to provide reliable and affordable energy, it had to be cleaner too.
ISO New England's 14th annual Forward Capacity Market auction closed at $2/kW-month, representing the lowest price in the program's history and an almost 50% drop compared with the $3.80/kW-month in last year’s auction.
"In the latest attempt by the Trump administration to obstruct the clean energy transition and artificially revive a dying coal industry, the Federal Energy Regulatory Commission — or FERC — has issued an order creating new rules that unfairly favor electricity from coal plants over cleaner and less costly alternatives."
Though 45% of utility employees surveyed in Utility Dive's 2020 State of the Electric Utility Survey see the transition's cost — including stranded assets — as a top risk for the sector, only 18% see generation retirements and stranded assets as a top concern and just 14% said stranded assets present a major challenge to a changing fuel mix.
The country’s foremost utility geeks descended on San Antonio to let their inner wonks run wild. The conference, DistribuTech International, featured the nation’s largest utilities mingling with service providers demonstrating their latest technologies and offerings on impressively large screens and surprisingly intricate displays.