QUICK NEWS, July 3: Following The Money In The Climate Fight; Another Big Step For Big Energy Storage
Following The Money In The Climate Fight Investor-led moves to tackle climate change grow
Jennifer Thompson, July 2, 2018 (Financial Times)
“Big investors are stepping up their efforts to hold the companies they invest in to greater account over how they address climate change…[Climate Action 100+ is now calling for investors in 161 of the biggest greenhouse gases emitting companies to use their leverage to get those companies] to cut greenhouse gas emissions and improve their disclosure and oversight of climate-related risks…Four new investors, including AllianceBernstein the $550bn fund manager and UniSuper, a $64bn Australian pension fund, have also joined the push taking the grouping to 289 members with almost $30tn in assets under management. Companies now being pushed to do more to tackle climate change include French car group Peugeot, Unilever, Coca Cola and airline Air France KLM…” click here for more
Another Big Step For Big Energy Storage Tesla strikes another mammoth energy storage deal in California; Lithium-ion battery projects are becoming economically viable.
Megan Geuss, July 2, 2018 (Ars Technica)
“…[Dominant] California utility Pacific Gas and Electric (PG&E) asked the state to approve four lithium-ion battery storage projects…[A 730MWh to 1.1 GWh project, built by Tesla, would be owned and operated by the utility. It] is expected to discharge 182.5MW for 4 hours (hence, the 730MWh number). But the contract could be bumped up to a discharge duration of 6 hours, which would result in just under 1.1 GWh of storage owned by PG&E…
[Another project, to be developed by Vistra (which recently merged with Dynegy) and completed by 2020,] could become the world's first grid-scale, lithium-ion battery installation to store more than a gigawatt-hour of energy…[The 300MW battery installation] would be able to be discharged for four hours. At 1.2GWh, the battery would be among the largest in the world…The two other projects are smaller and include a 75MW / 300MWh battery installation from a company called Hummingbird Energy Storage LLC, as well as an aggregation project from Micronoc Inc, which will site 10MW / 40MWh of batteries at commercial locations…” click here for more