A recent white paper published in accord with The Climate Solutions Collaborative (C2C) paints the current clean energy technology investment landscape and provides a primer for wealth owners, foundations, endowment managers, and family offices on developing a cleantech 2.0 investment strategy
The global economy must triple its annual investment in low-emissions technology, from $750 billion per year between 2010 and 2015 to $2.3 trillion per year going forward until 2040, to keep the planet under 2 degrees Celsius warmer compared to pre-industrial levels according to analysis from the Precourt Institute for Energy at Stanford University. The report, Derisking Decarbonization: Making Green Energy Investments Blue Chip, served as the framing paper for the Clean Energy Finance Forum that the Precourt Institute hosted on November 1st.
On November 1, the Baker-Polito Administration awarded $3.7 million in grants to increase the adoption of cost-saving clean energy technologies by Massachusetts low-income residents as part of the Commonwealth’s Affordable Clean Residential Energy Program (ACRE).
The same technology underlying the efficiency of bitcoin transactions and largely responsible for the online currency’s success could be the key to developing a smarter energy grid. Blockchain, a shared, encrypted ledger maintained by a network of computers, gives bitcoin transactions their unique peer-to-peer quality, making the entire system decentralized without a central repository or single administrator. While the electricity grid still relies on centralized plants generating power sent over long distances, blockchain technology could help modernize the system, making it easier for smaller, distributed networks to connect to the grid and exchange power locally.
The Northeast Clean Energy Council (NECEC), the nation’s foremost clean energy advocacy group, recognized our own Tom Burton as one of eight clean energy industry leaders at NECEC’s 10th Annual Green Tie Gala on October 26 in Boston. Tom and the seven other awardees received special “Decade of Influence” Green Tie Gala Awards for their work advancing the clean energy economy over the past decade. Joining Tom in receiving this esteemed honor:
- Alicia Barton, President and CEO, New York State Energy Research and Development Authority
- Ian Bowles, Co-Founder and Managing Director, WindSail Capital Group
- Steve Cowell, President, E4TheFuture
- Tim Healy, former Chairman and Chief Executive Officer, EnerNOC
- Emily Reichert, CEO, Greentown Labs
- George P. Sakellaris, President and Chief Executive Officer, Ameresco
- Mitch Tyson, Tyson Associates, NECEC Board Chair
We are proud to have served as a sponsor for this event, which was comprised of 400+ attendees. We congratulate Tom and the seven other clean energy trailblazers on this wonderful accomplishment!
On October 13, former Nevada Senator Harry Reid and current Governor of Nevada Brian Sandoval hosted the ninth annual National Clean Energy Summit in Las Vegas, NV. Each year, the 3-day summit brings together leaders of industry, government, and advocacy organizations in an effort to shape the United States’ energy policy agenda and facilitate the country’s progress towards a clean energy economy.
For the seventh consecutive year, the American Council for an Energy-Efficient Economy (ACEEE) named Massachusetts the most energy-efficient state in the United States. The council’s 11th annual report, released September 28, 2017 in the wake of recent extreme weather events, highlighted the importance of energy-efficiency as a tool to help communities recover from storms and economic shocks. While many states, such as Idaho, Florida, and Virginia made vast improvements over last year, Massachusetts continued to pave the way for sustainability through continued leadership in energy-efficient transportation policies and utility-sector energy efficiency programs.
On September 11th, Tesla announced the opening of Supercharger stations in downtown Boston and Chicago, representing the first step in the company’s effort to expand its Supercharger network into urban areas. The company currently operates 951 Supercharger stations worldwide, primarily along major highways to provide quick recharging on long trips. By bringing the network of charging stations into city centers, Tesla hopes to service growing demand among urban dwellers without immediate access to home or workplace charging.
On August 23, 2017, the Department of Energy (DOE) released its “Staff Report to the Secretary on Electricity Markets and Reliability,” which was commissioned by U.S. Secretary of Energy Rick Perry in April to provide an assessment of the reliability and resilience of the United States’ electrical grid. The comprehensive report includes an overview of electric grid resources, identification of issues bearing on electricity markets, and several recommendations primarily focused on implementing pricing policies designed to support baseload resources.
On August 23, the Baker-Polito Administration awarded $455,000 in grants to seven early-stage researchers and companies developing clean energy technologies as part of the Massachusetts Clean Energy Center’s (MassCEC) Catalyst program.