renewable energy

Annual Global Clean Energy Investments Surpass $1 Trillion, Equaling Investments in Fossil Fuels for the First Time

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Matt Montalbano, Zondits guest, 2/8/2023 Global investments in low-carbon energy technology topped $1 trillion for the first time in 2022 and equaled global investments in fossil fuels. A recently published report by Bloomberg New Energy Finance (BloombergNEF) calculates the total investment in clean energy in 2022 to be a record-breaking $1.1 trillion.   “Our findings put … Read more

U.S. Production of Solar PV Panels Get a Booster Shot

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Brian McCowan, Zondits staff, 1/26/2023 The recently enacted Inflation Reduction Act (IRA) is helping to expand the production of photovoltaic (PV) panels in the U.S. and ease the tariff-related tensions regarding the growth of solar electric energy worldwide. The South Korean PV manufacturer Qcells has announced a $2.5 billion expansion of their facility in Georgia … Read more

DOE’s EV Impact Tool Calculates Net Emissions Impacts for Each State

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Brian McCowan, Zondits staff, 12/22/2022 If you have been researching EVs, you have likely seen numerous articles, including some on Zondits, covering the national and global emissions impacts of replacing gasoline-powered cars with EVs. That’s useful information for sure. But we know that the impact is partly driven by the electrical generation mix in the … Read more

Goldman Sachs Predicts a Profitable Market for Green Hydrogen

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Brian McCowan, Zondits staff, 12/9/2022 Goldman Sachs commodity analyst, Michele DellaVigna, has told CNBC that a combination of market forces and the recently enacted Inflation Reduction Act (IRA) are combining to make “green hydrogen” a profitable energy alternative. DellaVigna anticipates that green hydrogen will join renewable technologies, such as wind and solar, in a “turning … Read more

Exxon Mobil CEO Recommends a Cautious Approach for the Transition to Renewable Energy

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Exxon Mobil

Brian McCowan, Zondits staff, 7/25/2022 Global climate change and inflation are currently front and center topics of concern. While many urge aggressive action to speed the transition to clean renewable energy, Exxon Mobil CEO Darren Woods suggests a more cautious approach. In a wide-ranging video interview with CNBC, Woods ties the energy transition to the … Read more

Utility Executive States that Burning Natural Gas to Generate Electricity is “Stupid”

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natural gas pipeline

Brian McCowan, Zondits staff, 6/9/2022 In a stark departure from typical utility industry talking points, the CEO of Enel, a giant European utility, states that it is “stupid” to continue burning natural gas for generating electricity and for heating homes and commercial buildings. In a CNBC interview conducted at the World Economic Forum held May … Read more

Solar Project Delays Threaten Climate Goals

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Solar panel

Brian McCowan, Zondits staff, 5/25/2022 The Biden administration has adopted aggressive climate goals, including decarbonizing the U.S. power sector by 2035. The exponential growth of solar energy installations is widely recognized as a necessary component of achieving these goals. However, the solar industry is now warning of a major slowdown in new installations, including massive … Read more

Government Report Details the Usage of Utility-Scale Battery Storage

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battery storage

Brian McCowan, Zondits staff, 4/27/2022 A recent report published by the U.S. Energy Information Administration (EIA) on the status of utility-scale energy storage illustrates that battery storage is a proven technology for the shifting of electrical loads and improving grid stability. It also makes it clear that storage systems must continue to grow along with … Read more

A Massive Heavy-Duty Vehicle Charging Network Is Underway

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Brian McCowan, Zondits Staff, 2/16/2022. The media focus on electric cars has been relatively intense this past year. Now, interest in electric heavy-duty vehicles such as buses and trucks is growing. All major manufacturers of long-haul trucks have announced plans to produce electric rechargeable trucks in significant numbers, and Ballard Power has successfully tested a … Read more

Renewable Energy Fast Facts for the United States in 2019

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eia.gov, 11/3/2020. In 2019, consumption of renewable energy in the United States grew for the fourth year in a row, reaching a record 11.5 quadrillion British thermal units (Btu), or 11% of total U.S. energy consumption. The U.S. Energy Information Administration’s (EIA) new U.S. renewable energy consumption by source and sector chart published in the Monthly Energy Review shows … Read more