More Tomorrow. I don’t know about you but I’m busier than ever. You all should feel free to pitch in by sending me a paragraph to be included in the newsletter. Don’t pitch your book, if you’re going to get onto the newsletter, make the content valuable, have an opinion and make a point.
Power Up, EPCs. And come ready to learn! The Business PowerSeries from EagleView - moderated by yours truly - has an upcoming webinar on scalability. Remember what happened when Icarus flew too close to the sun? This session will show you how to avoid any sinking missteps and instead scale your business using sustainable strategies. I’ll be joined by JP Gerken, CEO of Zenernet and solar selling extraordinaire. He’ll talk about what it takes to turn a business into one of the largest residential solar companies in the country. Sign up now to save your spot for May 12th!
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Yann
Bipartisan Energy Policy? I had missed this message from Kevin McCarthy, the GOP leader in the House and host to the most solar by district. Is this politics or a real change in policy?
Going Full Stack. BP is registering to become an energy retailer. The oil major has long been in the energy wholesale markets, often working behind the scenes for dozens of energy retailers across the country. In deregulated markets retailers are the customer facing sales and marketing companies while the trading desks, which need massive balance sheets, often look more like BP. Part of this could be the upcoming shift in transportation from fuel to electricity. The electrification of fleets and consumer cars means that BP can’t give up their revenue to other retailers or utilities. By being a retailer, you could see BP offering fleet financing, onsite charging infrastructure and the energy package to go with it. If you think this is too far into the future? Oil traders are already financing fleet electrification across the globe.
Clean Goals, Clean Peaks. The RPS policy has gained steam across the Country and Biden is talking about it as well. With all this talk about 24/7 renewable energy, look for another headline to take over, the clean peak standard. This is an RPS that matches renewables with the highest peak of energy consumption so as efficiency and distributed energy lowers demand, the clean energy production needs to match the new peaks. Get your energizer bunnies ready!
Power Up, EPCs. And come ready to learn! The Business PowerSeries from EagleView - moderated by yours truly - has an upcoming webinar on scalability. Remember what happened when Icarus flew too close to the sun? This session will show you how to avoid any sinking missteps and instead scale your business using sustainable strategies. I’ll be joined by JP Gerken, CEO of Zenernet and solar selling extraordinaire. He’ll talk about what it takes to turn a business into one of the largest residential solar companies in the country. Sign up now to save your spot for May 12th!
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Yann
It Was Climate Week. The week ended with the climate summit and a plethora of policy statements by Biden which most likely drowned out any global statements by other Countries. Let's take a look at what this decade long sprint to a better planet and cleaner economy would create.
Kerry Bets The Markets. Underneath all of the headlines is the Biden approach to climate policy, taking the whole of government approach. It is also expected that a quarter of the upcoming state of the union speech will be about climate change and creating jobs in the clean energy economy. Kerry is taking an approach of using diplomacy with investors as well. He rightfully realizes that trillions of dollars will be coming from the private markets to fill the gap left by government funding.
Bad Politics? Fox is already beating the drum on Biden and obviously on the recently filed Green New Deal. The question that comes up is whether Biden leaning in on the policy is hurting democrats chances in the mid terms. Polling shows that support for the spending and policy initiatives is bipartisan, but Fox News is isolating the requirement (fakely) that you will only be allowed to eat 4 pounds of meat per year.
A Climate Corps. A second bill filed by AOC and Markey is a federal climate corps with 1.5million workers to focus on the implementation of the steep climb ahead for us.
Power Up, EPCs. And come ready to learn! The Business PowerSeries from EagleView - moderated by yours truly - has an upcoming webinar on scalability. Remember what happened when Icarus flew too close to the sun? This session will show you how to avoid any sinking missteps and instead scale your business using sustainable strategies. I’ll be joined by JP Gerken, CEO of Zenernet and solar selling extraordinaire. He’ll talk about what it takes to turn a business into one of the largest residential solar companies in the country. Sign up now to save your spot for May 12th!
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Yann
Happy Earth Day. I failed to say Happy Earth Day yesterday, so you get that today. As a bonus, you get this great pic from Colin Murchie, who left solar for EVgo, but had this event with Secretary Pete and Gina McCarthy alongside Cathy Zoi.
Nationally Determined Contribution. The big news from yesterday is President Biden announcing a national target of 52% reduction of emissions compared to 2005. The NDC is the comparable target to other Countries having made a similar timeline pledge to save the planet.
Tax For Tax. Senator Wyden filed a new bill which is similar to the budget proposal from Biden that replaces fossil fuel tax credits for more credits on energy transition infrastructure. Wyden is the chair of the Senate finance committee, so the bill is not without importance.
More Normal Than Not. Congruent Ventures’ Abe Yokell was the first clean tech VC I met in 2007ish. They raised another $175mm fund for their climate tech focused investments but here’s the great thing. Inbounds for climate focused deals is coming from all VCs, a climate focus is a profit focus.
Solar Water Conservation. Water is important and apparently also a great piece of real estate for solar panels. I used to see this market as ridiculous and niche but apparently floating solar may create a secondary benefit that make more sense than meets the eye.
Pipeline For Storage. You’ve been reading this newsletter for almost 9 years and I have had many roles over that time. As you know I am now the CFO of the energy storage integrator, FlexGen. As you think about how storage may work for your projects or have already determined that you are adding storage, let me know how I can be helpful professionally. We’re not everything for everyone but when it comes to making storage come to reality, few companies are as capable as the team I’ve had the pleasure of joining recently.
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Yann