Electrek Green Energy Brief: A daily technical, financial, and political review/analysis of important green energy news. Featured Image Source.
New York City delivered a powerful blow to the fossil fuel industry by launching a climate change lawsuit against the biggest oil companies and promising to dump billions of dollars of fossil fuel stocks – Demanding that ExxonMobil, Chevron(CVX), BP (BP), Royal Dutch Shell and ConocoPhillips (COP) pay for the cost of protecting the city from the “existential threat” of climate change.The city on Wednesday also announced a goal to divest its $189 billion pension system from fossil fuel reserve owners within five years. New York said that would become first major U.S. pension plan to complete such an exit. A quick Google gives $120 billion as a cost for the city to protect itself from ocean rise and storm surges. Should these companies be sued out of existence for screwing up our oil flow? Or should we draw down via a carbon tax and use those funds to drive the revenue? I’d argue the courts are being forced to act because the politicians didn’t. First five pages of filing if you’re interested.
Energy Efficiency Grades to be Posted by all Large Buildings in NYC – I read recently that residential home sales aren’t affected much by energy ratings. I do know that corporate customers do run the numbers on the cost of running the shop when they consider purchasing a location. I know I’d stop to read an energy production card, and maybe over time it’d affect where I buy coffee – but I’d have a tough time choosing a CPA/Lawyer/Doctor based upon the energy value…but again, time is long and humans are weird.
AES and Siemens launch new energy storage startup to compete with Tesla Energy, will supply new world’s biggest battery project – New largest lithium ion battery in the world, maybe. There’s a battery in South Korea at 150MW/???MWh coming, but I’ve not seen final sizing on it. What I do like is that we’ve now, very quickly, entered into the world of 100MW battery systems. 100MW is a great number to start the thinking at – it’s a chunky volume, very useful. How long till we see 1GW?
India has started the second batch of bids on their march to 20GW this year. It’s amazing – we now see GW numbers thrown around on a regular basis. 2018 is going to see 20GW+ from India and 50GW+ from China. That’s 70-80GW for 2.6 billion people. Thank you folks.
Canadian wind power at 2.4¢/kWh – no incentives:
Featured image is from the Department of Energy SunShot program. A unique aerial viewpoint, looking downward at a row of resting Heliostats, early evening hour. Solar Reserve, Crescent Dunes Facility, Tonopah, NV. Photo by Ivan Boden.
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