NewEnergyNews: QUICK NEWS, March 19: Gotta Get Serious About New Energy; Big Money Bets Big On Plug-In Cars; Hollywoodland’s 100% New Energy Pitch

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  • TODAY AT NewEnergyNews, August 20:

  • TODAY’S STUDY: Climate change awareness rising
  • QUICK NEWS, August 20: The Climate Will Now Change Faster; Three Steps To A Corporate New Energy Plan

    Monday, March 19, 2018

    QUICK NEWS, March 19: Gotta Get Serious About New Energy; Big Money Bets Big On Plug-In Cars; Hollywoodland’s 100% New Energy Pitch

    Gotta Get Serious About New Energy We'll Need Another 363 Years to Completely Revolutionise Earth's Energy Systems; But we're not giving up.

    David Nield, 17 March 2018 (ScienceAlert)

    “…[W]e need a complete energy overhaul by 2050 to avoid catastrophic climate change, but at our current rate of progress…it's going to take another 363 years [according to new research]…Rather than adding 1,100 megawatts of clean energy a day, we've managed an average of just 151 megawatts…Replacing an entire planet's energy network is costly and time-consuming, not to mention politically and technically challenging…Stopping energy production from fossil fuels tomorrow would be fantastic from an environmental standpoint – but it would also leave a lot of people out of work, send plenty of companies to bankruptcy, and leave many areas without power…In other words, shifting to better energy solutions is complicated…Part of the issue is that a lot of the effects of global warming will be delayed: by the time rising sea levels, uninhabitable regions, and mass migration are right in front of us, it'll be too late to make the necessary changes…There is some hope: the progress we're making on electrifying heat production [is good and]… governments around the world are waking up to the seriousness of the problem…The opportunity to reach the necessary energy goals by 2050 may have passed, but any step in the right direction…is going to help pull us away from the worst-case scenarios…” click here for more

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    Big Money Bets Big On Plug-In Cars Over $1 Billion Bet on Electric Car Batteries Already This Year; Venture capital investment in energy storage has already doubled last year's total.

    Dave Partosiak, March 18, 2018 (The Drive)

    “…[This year alone, venture capital firms have poured in a record $1 billion into battery technology…[doubling] what firms invested last year…[China’s Farasis raised] $790 million in an agreement with one of China’s largest auto manufacturers, BAIC, to supply] 1 million battery packs over the next five years…This year, the number of investments in battery companies from venture capitalists is likely to hit 60, up from 37 last year. The first billion dollars have only been spread across 15 companies…[L]arger automotive manufacturers have been creating their own venture capital firms to invest in battery technology…[Renault-Nissan-Mitsubishi’s new $1 billion venture capital fund will] invest $200 million a year over the next five years…A lot of this money is going into research for alternative materials…” click here for more

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    Hollywoodland’s 100% New Energy Pitch Study shows Los Angeles can reach 100% renewable energy by 2030 with help from solar

    Kathie Zip, March 8, 2018 (Solar Power World)

    “…[W]ith a combination of new wind and solar sources, investments in storage and energy efficiency and smart management of the grid, the Los Angeles Department of Power and Water (LADWP) can achieve a 100% clean energy system by 2030…[A] transition to an electricity grid fully powered by renewable energy can be accomplished quickly, without costing ratepayers more than they would otherwise pay [according to a new assessment]…[T]he study compares a status quo scenario with two possible options: One that relies more heavily on utility scale renewables, and one that relies more on distributed renewable energy sources, like rooftop solar…A 100% renewable plan that relies more heavily on local distributed solar energy is actually cheaper than continuing to rely on fossil fuels…[LADWP — the nation’s largest municipal utility serving almost 1.5 million residential customers and businesses — is considering] scenarios for moving Los Angeles to a 100% renewable energy grid, at the request of the City Council…[It] does not anticipate coming out with its plan until mid-2020…” click here for more

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