10 Cleantech Trends in 2023

Governments and market players across the globe are exploring technologies to achieve a low carbon future. Clean technologies will play a key role in shaping the transformation of the energy industry and supporting the decarbonization of all sectors of the economy. But as the energy system decarbonizes, it is becoming more complex and more interconnected.

S&P Global Commodity Insights has identified and summarized the top ten cleantech trends expected this year in technologies that reduce carbon emissions and confront climate change. This whitepaper provides a brief glimpse of the data, analysis, and insights across the cleantech spectrum.…

10 Facts About All-Electric New Buildings

The benefits of electrifying New York State can’t be overstated. All-electric buildings are healthier, more energy-efficient, and more affordable for families and households. All-electric buildings are also crucial for cutting carbon pollution. To meet the state’s 2030 and 2050 emission reduction mandates, most buildings must use electric heat pumps for heating and cooling, and for hot water. Passing the All-Electric Buildings Act is the easiest, most doable first step toward decarbonization.

But the gas industry has a vested interest in making electrification seem as impractical and unnecessary as possible, in New York and across the country. They’re working overtime to …

U.S. Mineral Production Potential Unlikely to Satisfy Clean Energy Demands

Our analysis found that although the United States has sufficient production market forces to satiate a large share of domestic copper and lithium demand, undue barriers to entry restrict production far below this potential—and below the scale that would be needed to supply a global clean energy transition. Our study also revealed that for a net-zero emission, clean energy transition, the United States would be import-reliant for copper, cobalt, nickel and lithium by 74 percent, 99 percent, 98 percent and 100 percent, respectively, at current U.S. production levels. However, if major U.S. projects that are currently proposed for copper (such …

Systems Change for a Sustainable Future

Climate change and the global response to it are fundamentally altering the business landscape everywhere. The rapidly transforming energy system is becoming a prominent driver of the new business landscape. This transition offers tremendous business opportunity—and risk.

This report provides the language and logic of system transformation to help leaders develop new corporate emergence strategies that adapt to far-reaching system transformations and capture their opportunities. This approach challenges and expands upon conventional corporate strategy that often focuses on competitive advantage, incremental efficiency, and cost-reduction. Emergence strategy is based on a systems understanding, is focused on transformational change, creates new and …

Financing the Transition: Energy Supply Investment and Bank Financing Activity

The pace at which low-carbon energy supply is scaled up will dictate the rate at which fossil fuels are phased down. The most frequently referenced climate scenarios indicate that, on average, to adequately displace fossil fuels to limit the average global temperature rise to no more than 1.5°C, we need to increase the Energy Supply Investment Ratio (new investment in low-carbon to fossil-fuel supply) from the current ~1:1 to a minimum of 4:1 by 2030. This means for every dollar invested in fossil fuel supply in 2030 this should be matched with four times as much being invested in low-carbon …

Energy Transition Outlook 2023

The energy industry continues to attract the highest calibre of talent and events in recent years mean this talent is more important than ever. Reducing our reliance on fossil fuels and moving to more sustainable clean energy solutions will open up exciting projects for engineering and technical talent, harnessing new technologies and providing energy security for the future.

Our results show that engineers continue to be excited by these challenges and that salaries are now catching up with the Oil & Gas sector. The skills gap is still a concern and companies must invest in training to ensure engineers can …

The 2035 Japan Report: Plummeting Costs of Solar, Wind, and Batteries Can Accelerate Japan’s Clean and Independent Electricity Future

Japan faces a significant energy security risk as it imports nearly all of the fuel used in its power sector, with clean electricity accounting for only 24% of the total. This study shows that, due to the decreasing costs of solar, wind (especially offshore), and battery technology, Japan can achieve a 90% clean electricity share by 2035. This would also result in a 6% reduction in electricity costs, nearly eliminate dependence on imported LNG and coal, as well as dramatically reduce power sector emissions. Additionally, the study finds that Japan’s power grid will remain dependable without the need for new …

Energy Transition in PJM: Resource Retirements, Replacements & Risks

Driven by industry trends and their associated challenges, PJM developed the following strategic pillars to ensure an efficient and reliable energy transition: facilitating decarbonization policies reliably and cost-effectively; planning/operating the grid of the future; and fostering innovation. In support of these strategic objectives, PJM is continuing a multiphase effort to study the potential impacts of the energy transition. The first two phases of the study focused on energy and ancillary services and resource adequacy in 2035 and beyond. This third phase focuses on resource adequacy in the near term through 2030. Maintaining an adequate level of generation resources, with the …

OurEnergyPolicy Event Summary – Hydropower and New York

This event summary highlights key comments made by the industry experts at an OEP live event in New York City in February 2023. Featuring panelists from Hydro-Québec, NYSERDA, and the Regional Plan Association in a discussion on New York City’s energy mix, the new hydropower agreement, and community involvement.…

Industrial Electrification in U.S. States

The industrial sector accounts for about a quarter of energy use and GHG emissions in the U.S. While emissions from electricity generation continue to decline, thermal energy needs in industry, especially for process heating, are a significant challenge for climate change mitigation efforts. There is a significant opportunity to decarbonize the industrial sector by shifting away from carbon-intensive fossil fuels to clean sources such as electrification, where low- or zero-carbon electricity is used. Electrifying just the processes included in the study has the potential to realize significant emissions reductions throughout the country.

The report identifies specific processes that could be …