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Virginia Mandates 100% Clean Power by 2050

GreenTechMedia

Virginia has become the latest state to pass a law that sets it on a path to 100 percent carbon-free electricity by 2050, as well as setting targets for massive investments in energy efficiency, energy storage and in-state solar and wind power.

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? Nuclear’s day in the sun #177

Climate Tech VC

The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures. Nuclear is having its moment in the sun. Last COP featured the conference’s first nuclear-themed pavilion, and this year boasted eight.

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Is Florida’s proposed infrastructure law anti-EV or pro-competition?

Charged

Charged ’s home state of Florida is something of an EV hotspot—there are an estimated 58,000 electric vehicles in the Sunshine State, and according to the DOE, Florida has the third-largest number of charging stations in the US, behind only California and New York. Duke Energy won approval for $63 million, and Tampa Electric for $2 million.

Law 77
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Think tank outlines possible clean energy industrial strategy for the UK

Envirotec Magazine

Accelerating the build-out of clean energy will reduce costs and make the UK more secure, write Josh Freed and Isabelle Chan of US think tank Third Way, which released a new policy paper on the topic on 29 September. For example, the UK has the Business, Energy, and Industrial Strategy Department. Why industrial strategy?

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? US clean investment cleans up with $239bn #187

Climate Tech VC

The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Energy & industry. Happy Monday!    Lots of spice for clean investment this week. The picture was less rosy for new wind and heat pumps, both of which have suffered from high interest rates.

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New Report Shows Gap Between Utility Carbon Pledges and Climate Change Imperatives

GreenTechMedia

electricity sector by 2035, and the cost imperatives of U.S. The report gives some of its worst marks to some of the biggest utilities with net-zero carbon by 2050 goals, including FirstEnergy , Duke Energy , Dominion Energy and utilities operated by Southern Company. And only two — Northern Indiana Public Service Co.

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Looming Grid Shortfall Prompts 2.5GW California Procurement Proposal

GreenTechMedia

Although the proposed ‘all-source’ procurement would allow existing natural gas-fired peaker plants to compete, it could also open a massive new market for renewable energy, energy storage, demand response and other preferred alternatives to fossil fuels. Fitch wrote in Thursday’s proposed decision.