Energy Exchange

Hydrogen is booming: 3 things investors need to know to reduce their risk

By EDF Blogs / Published: March 17, 2022

The U.S. Infrastructure Investment and Jobs Act has set off a flurry of competition among states for a piece of the $8 billion in direct funding and tax credits the law provides for four “hydrogen hubs.” Last week, Louisiana, Oklahoma and Arkansas announced a joint bid, and New Mexico said it will also join the fray.

The role proposed for hydrogen in the EU’s climate transition plan lays the groundwork for a surge of investment there as well. China is in the race, too, with $20 billion in public funding already made available to projects.

A parallel rush to hydrogen is underway in the private sector. According to the Hydrogen Council and McKinsey, more than 350 large-scale projects worth $500 billion have already been announced, with hydrogen investments growing by roughly $1 billion per week. As Goldman Sachs recently wrote, “Policy, affordability and scalability seem to be converging to create unprecedented momentum for the clean hydrogen economy.”

How can investors boost the potential of their hydrogen stakes?

Hydrogen has a number of strengths as an energy carrier and decarbonization pathway. Its ability to generate both heat and electricity, its high energy content relative to its weight and its potential for storage either as a liquid or a gas make it particularly attractive for hard-to-abate sectors such as steel, cement, shipping and aviation. Read More »

Posted in General / Comments are closed

New Rystad cost analysis makes case for EPA to end routine flaring in final methane rule

By EDF Blogs / Published: February 28, 2022

By Jon Goldstein and Grace Weatherall

Reducing the amount of methane emitted from oil and gas infrastructure is among the cheapest and simplest solutions we have to reduce global warming quickly while protecting public health. The Environmental Protection Agency is in the midst of developing rules to curb these emissions from oil and gas producers across the country.

A new analysis commissioned by EDF and conducted by Rystad Energy makes it clear that eliminating routine flaring — a major source of rogue emissions — should be part of EPA’s methane rulemaking.

Though there are valid safety reasons for some minimal flaring, most of it occurs via routine flaring — when oil producers simply don’t have a place to put the natural gas that emerges from the ground during oil production and simply burn it off. More than $1 billion of natural gas is wasted at flares every year, driving unnecessary and harmful climate and local air pollution — including methane, an extremely potent greenhouse gas — when natural gas is not fully burned.

Rystad’s report includes two key findings that should inform EPA’s rulemaking.

Posted in Air Quality, Colorado, Methane, Methane regulatons, Natural Gas, Texas / Tagged New Mexico | Comments are closed

Texas grid reform report card is in, and it isn’t good

By Colin Leyden / Published: February 15, 2022

Following the historic and crippling grid failure caused by Winter Storm Uri in February 2021, the state of Texas — Gov. Greg Abbott and a bipartisan collection of elected leaders — pledged to ensure such a catastrophic disaster would never happen again.

The state Legislature, already in session, launched a series of hearings to find causes and culprits. Several organizations and energy experts provided state leaders suggestions and guidance; EDF was one of them. Our detailed report to the Legislature, issued in February 2021, recommended eight specific areas on which the state’s examination should focus.

Following the Legislature’s modest action, Gov. Abbott famously exclaimed, “Everything that needed to be done was done to fix the power grid in Texas.”

A look back at what’s actually been done so far to strengthen the grid, however, tells a very different story. Comparing the state’s action against EDF’s suggestions reveals a remarkably lackluster response to the biggest failure of state infrastructure and oversight in recent memory.

As we prepare to recognize the first anniversary of the grid failure, EDF graded the state’s response against our eight core recommendations.

Posted in Texas / Comments are closed

Smart charging should be integral part of a national EV charging network

By Pamela MacDougall / Published: January 20, 2022

Electric trucks are coming, and they’re coming fast. Just before 2021 drew to a close, New Jersey, New York and Massachusetts joined California, Oregon and Washington to accelerate the adoption of zero-emission trucks with the adoption of the Advanced Clean Truck program. The U.S. House of Representatives passed the Build Back Better Act and the Infrastructure Investment and Jobs Act, securing up to $67 billion in direct investment in zero-emission trucks and buses, as well as several critical tax credits to support the purchase and production of zero-emission trucks. And more than 150 truck fleets are either operating zero-emission trucks or have trucks on order.

Posted in California, Electric Vehicles, New Jersey, New York / Comments are closed

Here’s what you need to know about EPA’s landmark methane proposal

By EDF Blogs / Published: November 9, 2021

By Edwin LaMair and Grace Smith

Last week the Environmental Protection Agency proposed methane standards that will, for the first time, apply to the nation’s nearly one million existing oil and gas wells and other facilities. A critical step that charts a path to major emission cuts.

As methane takes the spotlight on the world stage and countries raise their ambition for cutting this potent greenhouse gas, EPA’s final rules will play a central role in U.S. commitments to reducing methane and achieving climate goals.

The proposals to reduce oil and gas methane emissions, the largest industrial source of methane in the U.S., were met with widespread public support, not only from environmental groups, but also health and child advocates, tribal officials and investors concerned about climate risk.

To comprehensively protect our communities and climate, EPA must further strengthen its proposal — as it has stated it plans to do in a supplemental proposal issued next spring — by requiring monitoring across smaller, leak-prone wells and eliminating the wasteful and polluting practice of routine flaring.

Posted in Methane, Methane regulatons, Natural Gas / Comments are closed

New group of leading fleets leverages collaboration to overcome barriers to truck electrification

By Jason Mathers / Published: October 1, 2021

Electric trucks are one of the most consequential climate investments companies can make today. These vehicles are increasingly available, able to do the job required of them, and fleets are embracing them.

As fleets make the transition to a zero-emission future — especially first movers — they are required to develop solutions to numerous challenges that electrification currently presents. This includes (but is not limited to) optimizing routes, designing charging systems that can fit within the operations of their current facilities, and engaging drivers around this new technology. It’s a daunting task.

To support fleets as they address this unprecedented pace of change, EDF has partnered with the North American Council on Freight Efficiency, RMI and CALSTART and have created the Electric Fleet Readiness Group.

This group is comprised of leaders from top private fleets that are deploying or exploring zero-emission electric class 6-8 trucks within their operations, including: Dependable Highway Express, Manhattan Beer Distributors, NFI, Pitt Ohio, and Anheuser-Busch, among other fleets. Collectively the companies participating in the fleet readiness group operate over 50,000 trucks and have already deployed over 50 electric trucks with announced plans for hundreds more.

Posted in California, Electric Vehicles / Comments are closed