Investment banks acquiring renewable energy projects. Goldman Sachs to acquire Solar Mosaic residential solar PV portfolio.
Total will install solar PV panels on 5,000 service stations. Wants to invest in 5GW of renewable energy in 5 years.
Global market for EaaS is expected to be $221.1 BN by 2028.
EaaS projects on 63 HEB grocery stores.
Machine learning applied to energy efficiency. Value of energy is in the data.
Energy majors investing in energy efficiency and energy related IT.
Energy storage burgeoning market for project finance. $100 MM projects financed in the US.
Behind-the-meter deployments accounted for 42% of battery installations.
Battery manufacturing facility to be built in AL might reduce future storage cost.
Fed rate hike seen likely in December. No rate increase in September. Expect Fed to begin winding down $4.5 TN balance sheet in October. T-Mobile US exploring a takeover of Sprint valued at about $34 BN. Expected interest 7% to Softbank Vision Fund co-investors. Corporate PPAs for Kimberley Clark from Invenergy and EDF. Reasons for corporates to pursue 100% RE: (1) Economics; (2) Predictability and (3) Sustainability. Clean energy driver of employment: (1) Solar 260,077 solar jobs in 2016, a 25% growth from 2015 and (2) Wind 100,000 jobs. 100% Corporate EVs by 2030. Companies that expect 100% renewable energy by 2020 increased to 110. Corporations with 100% renewable energy goals now 150 TWh/day. Clean energy will be 86% of $10.2 TN invested in power generation by 2040. Funding for indoor farms increased year on year. Cooling device that does not require fossil fuels but rather relies on reflecting the sun. US energy outlook: (1) Gas - Increase supplies by 42% from 2015 to 2040; (2) LNG - Exports from the US 60% of total US gas exports in 2040; (3) By 2018, US becomes a net exporter of gas, and (4) Coal - Major users China, India and the US account for 70% of world coal. India overtakes US in 2025 and is 2x by 2040. CHP qualifies for RFP in some but not all states. Consensus on clean energy: (1) 84% plan to actively pursue buying clean energy; (2) 57% corporates have renewable energy goals; and (3) 65% cost driver of purchase. Corporate procurement driving renewable energy growth. Renewable energy tax equity growth. Renewable energy and sustainability growth.