For the third part of this series on utilities, and after tackling solar and power purchasing agreements (PPAs), I am going to delve into how companies save energy through efficiency.
It is no secret, as I am celebrating my first year in the United States, I am very happy with my new life : Great MBA allowing me to learn a lot, meet many fantastic people, and reaching one of my lifelong goals and callings, having an impact on climate change.
If you consume as little as electricity as you can and have solar panels installed, you are just one step away from being independant from coal and gas fueled utilities. This step might come sooner than expected thanks to Tesla.
The energy transition is taking place in Australia. According to the local website, Renew Economy, that’s pretty much a certainty as no less than 4.4 billion US Dollars – 3.17 billion euros – were spent there in cleantech in 2013. The vast majority of these huge sums – around 2.8 billion USD – were invested in solar … Read more
So cheap that it is disrupting the Brazilian energy market as Cleantechnica reported : ” Wind farms have won 55% of contracts awarded by Brazil’s national energy agency (…) and wind power now costs about 4.5 cents/kWh in the country. “
This is really really cheap as generally wholesale prices in Europe are three to five times higher. Cleantechnica has a very nice article on how renewables are becoming cheaper and cheaper as the prices of fossil fuels increase.
Grid parity – ie. renewables as cheap or cheaper than coal or gas – is slowly but surely arriving all around the world as I wrote in the past few weeks here.
When Germany announced after the Fukushima disaster that it was willing to stop all its nuclear reactors, I published a piece on Cleantechies on how this was premature and dangerous for climate.
I guess I was quite right as this week the same Cleantechies published an article stating that coal consumption of the first European economy had increased by almost five percent in 2011.
The country’s main utilities have also built coal-fired plants. This takes place in 2012 in a country where the Greens are supposedly strong.
According to the IHT, one of the major electricity producers in Asia – The CLP Group – committed itself to decreasing its carbon dioxide emissions by up to 75 percent by 2050.
The company will use each and every necessary means to do so : renewable energies, carbon capture and storage, clean coal technologies and yes, nuclear.
This occurs during the Bali talks and it is another strong signal. People and companies alike are willing to decrease CO2 emissions, we now need governments to act too !