Selected category: Energy Financing

Is Mainstream Corporate America Jumping on the Clean Energy Bandwagon?

ellen_blog_box3-finalBy Ellen Shenette, EDF Climate Corps Analyst

It’s no secret that renewable energy is becoming cheaper, and while we’ve seen companies like Google and Microsoft investing in utility-scale renewables, what about mainstream corporate America? Are large corporations jumping on the clean energy bandwagon or are they dragging their feet? As a data analyst at EDF Climate Corps, I turned to the numbers for answers. Fortunately, I didn’t have to look far. An analysis from our recently release report: Scaling Success: Recent Trends in Organizational Energy Management, says it all.

For almost a decade, EDF Climate Corps has been partnering with business to save money and reduce greenhouse gas emissions by improving energy efficiency through our graduate fellowship program.

As I followed the numbers, a new clean energy trend stood out: over the last 5 years, clean and renewable energy projects have grown five-fold, with 1/3 of our partner organizations working on at least one clean energy project in 2015. Companies have been using their EDF Climate Corps fellows to decipher the complex landscape of technologies, policies, procurement strategies, and financing options for renewable energy. As we tally the results for our 2016 fellowship program, we expect the focus on clean energy to continue to grow, and don’t plan on it stopping anytime soon.

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Also posted in Clean Energy, EDF Climate Corps, Energy Efficiency, General, Solar Energy, Wind Energy| Leave a comment

Why Clean Energy is Center Stage on International Day of Peace

poster-largeEach year since 1981, the United Nations (UN) recognizes an International Day of Peace on September 21. The day is intended to strengthen peace both within and among nations.

As an environmental advocate, I can’t help but think about the effects of climate change on the current state of global peace. And while there are a few climate deniers out there, those who have looked at the science are saying climate change poses a serious threat to global security and peace.

Fortunately, the UN agrees – which is why they chose to focus this year’s International Peace Day on Sustainable Development Goals. Unanimously adopted by all 193 UN member states, the Sustainable Development Goals are broken down into 17 focus areas and are part of a broader agenda to fight inequality, injustice, and climate change by 2030.

Goal 7 – “ensure access to affordable, reliable, sustainable, and modern energy for all” – is a hugely important part of fostering global peace. The world needs affordable, reliable electricity to heat, cool, and power our homes, and to encourage economic growth. But we also need this electricity to be clean, modern, and efficient, so it doesn’t pollute our communities and exacerbate climate change.

Here are four ways the U.S. is doing our part to achieve an affordable, reliable, sustainable, and modern energy system for all:

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Also posted in California, Data Access, Energy Efficiency, Energy Equity, Energy-Water Nexus, Grid Modernization, Illinois, New York, Solar Energy, Texas| Leave a comment

3 Reasons We Can Feel Good about Where Energy Efficiency is Headed

Buildings2“I am the Lorax. I speak for the trees. I speak for the trees for the trees have no tongues.” – Dr. Seuss, The Lorax.

As a child, that line from the classic Dr. Seuss book struck a chord in me, far beyond the giggle it caused when I thought of trees having tongues. The quote clearly imprinted the idea that – when a situation needs attention – those who can speak, should. For me, one of those situations is sharing the good news that energy-efficient buildings are cleaner and smarter than ever.

Buildings can be big polluters: 70 percent of the world population will live in cities by 2050, adding 40 percent to the current world building stock. As energy-efficient structures develop in growing countries, the U.S. can help stay competitive by retrofitting its existing buildings. Plus, improving building efficiency can contribute to reductions in global CO2 emissions from buildings by 83 percent below business-as-usual by 2050, reports the World Resources Institute.

I believe we are well on our way to creating a cleaner, smarter energy future. My optimism is fueled by efficiency trends in three important arenas: people, places, and partnerships.

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Also posted in Energy Efficiency, Grid Modernization, Illinois| Comments are closed

Equity Crowdfunding Is Good News for Cleantech

CrowdfundingescenseBy Andrew Strong, VP of Strategy & Business Development at LOHAS Capital

On May 16, 2016, the final piece of the Jumpstart Our Business Startups (JOBS) Act took effect and drastically changed the investment landscape by allowing equity crowdfunding. Equity Crowdfunding is a way for a large number of individuals to invest in a startup, for as little as $100 each, in exchange for a share of the company’s value.

Four years in the making, the new rules now allow companies to raise money online by accepting investments from both accredited investors (the 2 percent of Americans worth at least $1 million, who earn more than $200,000 per year) and unaccredited investors (the 98 percent of Americans with less wealth). This new investment model could have huge implications for cleantech entrepreneurs, and everyday Americans who want to participate in the next big energy innovation.

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Posted in Energy Financing| Read 1 Response

Filling the Gap: How Efficiency Standards could Save Billions in Commercial Real Estate

office building unsplashNo one ignores an opportunity to save billions of dollars. Numbers of that size are enough to make an audience take notice, even in a business like commercial real estate, where deals in the hundreds of millions and billions are commonplace.

Each year the U.S. spends over $400 billion on energy for our buildings, many of which were constructed before modern energy codes existed and, as a result, use more energy than they should. This efficiency gap has led to the creation of a $20 billion retrofit industry, designed to help building owners and managers overcome barriers that deter them from tackling energy costs, like lack of information, misaligned financial incentives, or insufficient capital. In my hometown of Chicago alone, buildings could save up to $184 million in energy costs if they pursued more aggressive energy management – and those are just the ones reporting data. Read More »

Also posted in Illinois, Investor Confidence Project| Read 2 Responses

Boost Investor Confidence and Watch America's Energy Market Transform

modernoffice_387x235A recent decision by New Jersey utility regulators to standardize energy efficiency procedures for commercial buildings could have a major impact – not just on the Garden State – but on energy markets nationwide.

The reason: It gives investors more confidence in performance and returns which is exactly what can fuel a big push to make buildings across the United States more efficient. It might eventually transform our energy efficiency market into an economic power house. Read More »

Also posted in Clean Energy, Energy Efficiency, Investor Confidence Project| Read 2 Responses
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