Citigroup commits to 100% renewable energy by 2020

Citigroup announced that it will source renewable power for 100% of its global energy needs by 2020. This is an important next step in the bank’s continued commitment to reduce the environmental impact of its operations and finance $100 billion in clean energy, infrastructure, and technology projects that build a more sustainable economy. “We are

Pumped hydro storage market to exceed $350 billion by 2024

According to EASE, the pumped hydro plants have an average efficiency of 70 to 80% when compared with other technologies.

GM’s Ohio and Indiana plants to be powered by 100% renewables

All of GM‘s Ohio and Indiana manufacturing facilities – including those that build the Chevrolet Cruze and Silverado and GMC Sierra light-duty pickup trucks – will meet their electricity needs through 100% renewable energy. GM is buying a total of 200 MW of wind energy from Ohio and Illinois wind farms. Once the turbines come

What drives corporate buyers to choose renewable energy?

Apex Clean Energy, in partnership with GreenBiz Group, released a new report highlighting the current drivers and barriers to the corporate and industrial procurement of renewable energy. The research, conducted in August, shows that while the continually improving economics of utility-scale wind and solar are helping convert corporate commitments into a decision to buy, companies

New tool helps investors evaluate climate change risks & mitigation opportunities

The Morgan Stanley Institute for Sustainable Investing released the Climate Change Mitigation Opportunities Index, a report and interactive tool investors can use to examine the risks and opportunities of climate change mitigation investments. The index seeks to evaluate technology investment opportunities, both on their impact on mitigating climate change and their potential for market-rate returns.

North Carolina and Pennsylvania municipalities commit to 100% clean energy

The Sierra Club announced that two more U.S. municipalities have made commitments to transition to 100% clean energy – the Town of Hillsborough, N.C., and the Borough of Phoenixville, Pa. On Monday, Hillsborough became the first town in North Carolina and the 43rd in the U.S. to commit to transition to 100% renewables. Specifically, the town’s

Breakthroughs in switchgear technology use eco-efficient gases for electrical insulation an alternative to SF6

ABB has been developing and deploying alternatives to this greenhouse gas on the path towards greater eco-efficiency and lower environmental impact and is now commissioning the world’s first pilot with a new eco-efficient gas mixture.

M&M’s launches ‘Fans of Wind’ energy campaign

M&M’s, one of Mars, Incorporated’s most iconic and beloved brands, is addressing the importance of tackling climate change, and how everyone can make a difference. The company is launching its Fans of Wind energy campaign, using “Red” and “Yellow” as enthusiastic advocates for renewable wind-powered energy. The campaign is part of Mars’ Sustainable in a Generation Plan, which

The Climate Group’s RE100 campaign grows to over 100 members

Days before Climate Week NYC 2017 gets underway in New York City, The Climate Group (organizer of Climate Week NYC), announced several new RE100 campaign members. The Estée Lauder Companies, Kellogg Company, DBS Bank, and Clif Bar & Company have joined the RE100 campaign, run in partnership with CDP, and are committed to sourcing 100% renewable electricity across their global operations. The 106 members of the

DNV GL launches inaugural Energy Transition Outlook for 2017

The world is approaching a watershed moment as energy demand is set to plateau from 2030, driven by the greater efficiency with the wider application of electricity.  A rapid decarbonization of the energy supply is underway with renewables set to make up almost half of the energy mix by 2050, although gas will become the