Plenary Americas’ Post

Congratulations to Plenary Americas Paul Martin Siamak (Sia) Kusha (Sia) Kiewit Lawren Green Sean White and others for this financial close announcement and the upcoming start of construction. It’s been a long time coming as the process started in earnest in the ‘19 and ‘20 period. As practitioners in this field, it can be difficult to accept defeat, but ultimately, the entire sector, and specifically customers, benefit from more successful partnerships. With a convergence of policy and increasing demand, projections indicate that trillions of dollars will be invested in modernizing and decarbonizing critical infrastructure, such as the utility system at the University of Maryland in the coming decades. This will require the involvement of all market participants. Despite the challenges posed by a volatile economy, interest rates, and supply chain issues, the demand is present and the capital is poised for deployment.

A recent report from RMI shows how the energy system is being disrupted by the exponential forces of renewable energy, electrification and efficiency. By 2030, 6,000 GWh battery per year! PotisEdge's latest innovation, 5 MWh in a 20-foot container, is ready to contribute to this green transition.

The future of renewable energy integration shines bright, fueled by advancements in technology, supportive policies, and rising public awareness. These combined forces drive the global shift towards sustainable energy sources, with several key trends and factors shaping its trajectory.

Energy investment is essential for a net zero future. Investments in energy-efficient technologies and infrastructure can help reduce overall energy consumption. This includes advancements in smart grids, energy storage systems, and technologies that optimise energy use in buildings, industries, and transportation. Continued investment in research and development of new energy technologies is also just as crucial. This includes advancements in energy storage, grid management, and the development of breakthrough technologies that can further enhance the efficiency and sustainability of energy systems. Renewable energy projects have become increasingly competitive in terms of costs and can offer attractive financial returns. As technology advances and economies of scale are realised, the financial viability of renewable energy investments continues to improve. Find out more about new energy and sustainable infrastructure investment opportunities at KOE Group https://koe-group.com/ #cleanenergy #energyinnovation #energyinvestment #futureinvestment #sustainableenergy #netzero #netzerotransition

𝗧𝗵𝗲𝗿𝗲 𝗶𝘀 𝗡𝗼𝘁𝗵𝗶𝗻𝗴 𝗟𝗶𝗸𝗲 𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝗚𝗿𝗼𝘂𝗻𝗱 𝗼𝗻 𝗮 𝗡𝗲𝘄 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗦𝘁𝗼𝗿𝗮𝗴𝗲 𝗦𝘆𝘀𝘁𝗲𝗺 🔋 Breaking ground on a battery storage project marks a significant advancement in energy storage capabilities. 🔋 This initiative is pivotal for enhancing grid reliability and promoting the integration of renewable energy sources across regions. 🔋 By employing advanced technology, the project is designed to store surplus energy during peak production times and redistribute it efficiently when the demand increases. 🔋 Such efforts underscore a broader commitment to sustainable energy practices and innovation in energy storage solutions, benefitting a wide range of areas beyond any single state's borders.

A new analysis by the Rocky Mountain Institute finds that the global energy system is rapidly being reshaped by the exponential #cleantech forces of renewable energy, electrification, and efficiency. The orthodox view of slow change is wrong. New clean technologies beat old fossil commodities because costs fall over time on learning curves, they are universal, and they grow quickly. Exponential change has been remarkable in the last decade. Cleantech costs have fallen by up to 80%, while investment is up nearly 10 times and solar generation has risen 12 times. Electricity has become the largest source of useful energy, and the deep force of efficiency has reduced energy demand by a fifth. The RMI analysis raises red flags across the fossil fuel system. New fossil electricity capacity peaked in 2010, oil and gas capex in 2014, and internal combustion car sales in 2017. Fossil demand peaked for industry in 2014, for buildings in 2018, most likely for electricity in 2023, and will shortly peak in transport. The fossil fuel system faces inexorable decline. Renewables will drive fossil fuels out of electricity generation, electrification will push fossils out of final energy, and efficiency will reduce fossil waste. Some 75% of fossil fuel demand is exposed to rapidly growing cleantech alternatives, so stranded assets are inevitable. This is the pivot decade. The goals of the Paris Agreement are feasible, and the Global South will continue to leapfrog to cleantech. When cleantech costs become irresistible, the renewable capacity is built, fossil fuel demand reaches the end of its plateau, and the transition is priced into markets. Read the full analysis here. https://lnkd.in/gwRE-QdV

In BloombergNEF's latest analysis, global investment in the energy transition surged to a record-breaking $1.8 trillion in 2023, marking a remarkable 17% increase from the previous year. A standout highlight? Electrified transport surpassed renewable energy as the leading driver of spending, reaching $634 billion, with a substantial 36% year-on-year increase. Meanwhile, renewable energy saw more moderate momentum, rising by 8% to $623 billion. The driving force behind this surge is captivating: electrified transport has taken the lead as the primary catalyst for clean technology adoption, surpassing renewable energy and accounting for over a third of the total investment. Moreover, the energy investment landscape is rapidly evolving, with emerging areas such as #hydrogen witnessing an astonishing tripling in investment year-on-year. As this unprecedented growth and commitment to the energy transition unfold, it's evident that the global community is embracing cleaner, more sustainable solutions with fervor. Learn more in the report: https://lnkd.in/gtWbxE6 #EnergyTransition #SustainableInvestment #RenewableEnergy #ElectrifiedTransport #HydrogenEconomy #CleanTech

Achieving net-zero operational carbon buildings means transitioning both buildings and energy infrastructure. We need energy-efficient buildings that can run on electricity and renewables, and we must scale up renewable energy supply and phase out fossil fuels in energy generation. This publication identifies shortcomings and gaps in the current global approach to net-zero emissions in building operations. It is the first step in a research project that will seek to draw on expertise across the WBCSD – World Business Council for Sustainable Development membership to produce recommendations on how to accelerate progress. Access link in comments.