The renewable power boom has spawned a growing need for robust energy storage
Bolstered by decreasing costs and strengthening regulatory support, demand for renewable energy is increasing as wind and solar photovoltaics continue to become more prominent contributors to utilities’ generation and revenue mix. As enthusiasm for renewable energy grows, wind and solar remain hampered by how much energy can be stored when generated to be used subsequently when energy is needed.
New scenarios are emerging that pair storage with conventional gas turbine generation
The cost of energy storage has fallen to the point where the power generation industry is moving from demonstration projects to full deployment. Driven by demand and a federal order designed to nurture broader adoption of storage capabilities, practical applications of energy storage are emerging that are competitive with conventional solutions.
In addition, continued annual reductions in the cost for storage will reveal more and more applications where energy storage makes economic sense. A great example can be found in the performance optimization of gas turbines.
Fleet owners are drawn to sustainability benefits and lower ownership costs Infrastructure and vehicle availability remain challenges
Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a UPS (NYSE: UPS) and GreenBiz study released today. In the “Curve Ahead: The Future of Fleet Electrification” report, industry leaders identify the main motivations and barriers to electrification, as well as strategies to move the commercial electric vehicle market from niche to mainstream.
As corporate philanthropy and CSR initiatives experiment with new and more strategic ways to maximize impact on the issues they care about, organizations are increasingly making internal changes.
Earlier this year, FSG published Being the Change – a report on how foundations are changing internally to create greater impact externally. The report featured stories shared by 114 leaders and staff from over 50 organizations that are taking on different approaches to creating social change.
Paul Bulcke, CEO of Nestlé S.A., is confronted with an Internet firestorm after a comment made by his predecessor, Nestlé Chairman Peter Brabeck-Letmathe, in a 2005 interview resurfaces. In the interview Brabeck-Letmathe calls the human right to water an “extreme solution.” Bulcke must make recommendations to lay the foundation for the company’s future direction relevant to water use at its shareholder meeting the next day. The main questions facing him are: How should Nestlé frame its approach to water resource management?
Microgrids are popping up across the country, driven by energy cost savings, sustainability, reliability and resilience
From a municipal airport in Chattanooga, Tennessee, to a school district in Salinas, California, microgrid projects are popping up across the country, fueled by the desire for energy cost savings, sustainability, reliability and resilience.
Driven by new tech and a growing commitment to sustainability, companies are managing more DER than in the past
Maturing technologies and a growing emphasis on energy efficiency and sustainability are leading organizations to manage more DER than in the past. Bolstered by more financial and mechanical flexibility behind the meter, companies are becoming increasingly energy independent and investing more in alternative generation, storage and energy efficiency.
By Sneha Rao, Chris Mills, Imani David and Nicholas Machinski. This case was written under the supervision of Andrew Hoffman, Erb Faculty Member.
Erica Ocampo, sustainability and advocacy manager at The Dow Chemical Company, is getting ready to present her report on the pilot Energy Bag program to her boss. The waste-to-energy program has been met with success in converting plastics to energy, but Ocampo is wondering how she can take the project a step further and truly make Dow a participant and leader in the circular economy. Students are asked to identify with Ocampo and develop a plan of action for the company.
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.