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FERC Denied. The PG&E saga continues, now with a federal court denying FERC the jurisdiction it called for with regard to the PPAs. If you recall, NextEra had filed with FERC that the PPAs should be safe from the bankruptcy. This means that the issue becomes a political problem for Governor Newsom. If PG&E is able to cancel existing PPA contracts, it would create irreparable harm to solar in California and across the Country. The cost of solar would skyrocket and all goals that Newsom had planned for would be endangered.
Utility Startup Incubator. This is a smart move, a utility in the Midwest is starting a tech startup space to enable young companies to get started. Starting a company in energy is difficult and the funding mechanisms for startups in this space requires some traction before money is likely to come in. In the Northeast, the leader in this space is Greentown Labs led by Emily Reichert. Greentown Labs is the largest clean tech incubator in the Country with over 170 companies incubated that have raised over $320million in funding. Emily is joining me on stage at SolarWakeup Live! Boston to share her experiences and the work it takes to raise money in the space.
Oil Speaks Up GND. Energy executives at CERAWeek went on the record to talk about the Green New Deal and the fact that investors are asking the energy companies what their plan is to lower carbon emissions. Even Rick Perry agreed that AOC shouldn’t be castigated for wanting clean air and clean water. BP’s CEO said that there is a lack of progress on climate issues that investors are angry about. This continues the trend that will see cash rich companies looking for ways to have an impact, not make headline announcements. Big investments into companies that create a big impact on the overall company’s sustainability.
- Utility Dive: Federal court denies FERC jurisdiction in PG&E bankruptcy case
- Solar Builder: The U.S. solar industry survived the Trump tariffs. Here are five stats to prove it
- Greentech Media: AEP Launches the Latest Utility Contest for Cleantech Startups
- Bloomberg: Champions of Big Oil Extend Olive Branch to Green New Dealers
- Axios: Debating the future of electric vehicles in oil country
- Hartford Courant: Connecticut’s solar panel industry presses for change in state law it sees as threat to its existence
- GreenBiz: Behold, a big-picture view of big-company climate commitments
Opinion
Have a great day!
Yann