By Pawel Wroblewski, CFA Director, Portfolio Manager, ClearBridge Investments
Consensus expectations for electric vehicle (EV) sales have been – and remain – too low. The falling costs of rechargeable batteries promise to be increasingly disruptive to traditional internal combustion engine (ICE) platforms. With cheaper batteries, even traditional automakers can offer better EVs.
Grid modernization is gearing up, with several states leading the charge
Grid modernization is getting into gear across the country as electric utilities continue to work to automate distribution and smarten the grid. Buoyed by validating data, states such as California, New York, Illinois and Massachusetts are leading the way, providing blueprints for other regions to follow.
Battery Research Project Will Support the Company’s Clean Energy Plan
KALAMAZOO, Mich., September 17, 2018 /3BL Media/ – Consumers Energy today ushered in a new technology on the campus of Western Michigan University, starting operation of a new large-scale battery that should store enough energy to power 1,000 homes at any time.
Renewables give big companies greater cost controls, reduced carbon footprints
It’s been a headache-inducing nexus of active regulation, distributed energy and environmentalism for some electric utilities. Plunging costs of solar power and growing concerns of climate change are inspiring swelling ranks of the largest private and Fortune 500 companies pursuing not only aggressive renewable energy goals for sustainability purposes but also cost effectiveness and resiliency.
“New energy” is here, built on sustainability, clean energy tech, grid innovation
The concept of “new energy” has ushered in a global movement dedicated to cost-effective sustainability, clean energy technology and grid innovation. Today more than ever, we’re seeing stakeholders and industry giants from all sectors — finance, manufacturing, retail, utilities, technology, even academia — come together in combined efforts.
The energy ecosystem is changing, and utilities are seeking new opportunities
The energy ecosystem is changing, driven by the advent of distributed clean energy, increased competition from new technologies and service providers, the evolving expectations of customers, and new opportunities for serving those customers. As the traditional business model changes, utilities are seeking new opportunities for revenue as they establish themselves as the “Preferred Energy Partner.”
Strategic Directions Report finds the industry focused on evolving business needs
OVERLAND PARK, Kansas, August 21, 2018 /3BL Media/ – Global engineering, procurement and construction company Black & Veatch’s newly released 2018 Strategic Directions: Electric Report explores the progress made by the industry as it addresses a rapidly changing customer base, commercial defection from the grid and a regulatory landscape challenged to support new market realities.
Q&A with ENGIE Storage Client Relationship Director
A conversation with Michael Laine, Client Relationship Director
At ENGIE Storage, we’re committed to our customers’ success, and have people and processes in place to ensure they are taken care of throughout the life of their energy project. One of the key features of an energy storage engagement is the 10-year contract term, which is quite a long time in our fast-changing industry. We sat down with Michael Laine, Client Relationship Director at ENGIE Storage, to explore the questions that commercial and industrial (C&I) facility energy managers might have.