The old utility model is under threat, says Michael Ouissi of IFS. Electric utility companies can fight back by doing what they were always designed to do - provide a service, and a unified customer experience.
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David Millstone and David Winter, co-CEOs of Standard Industries, are working on a top-secret design for a new solar roof that they expect to launch within the year â a new, direct competitor to Teslaâs flashy one, for which there is a multi-year waitlist. For more than a year, researchers at their solar companyâs San Jose, California R&D center have been tinkering with the design. Their advantage: Their New York City-based company is the parent of the countryâs largest roofing manufacturer, and has already sold well over 2,000 solar roofs with an earlier iteration called Decotech. âWe have put more solar roofs out there than Elon Musk has,â Winter says, in a swipe at one of the worldâs richest people. Over the next decade, they hope to install millions of these new roofs helped by a price point designed for the masses and an army of certified installers. âIf you can crack rooftop solar that is functional, affordable and aesthetic
31 March 2021 19:24 GMT Updated 31 March 2021 22:36 GMT
US President Joe Biden is proposing a ten-year extension of federal tax credits for renewables and energy storage technology and creation of a “targeted” investment tax credit (ITC) to spur construction of at least 20GW of high-voltage power lines as part of a $2.3trn infrastructure plan.
“It’s not a plan that tinkers around the edges,” Biden said during a speech in Pittsburgh. “It’s a once-in-a-generation investment in America.”
The eight-year
American Jobs Plan reaffirms his administration will set the country on a path toward a carbon-free electric grid by 2035 with a new clean-energy standard mandating a timetable to achieve this.
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KEY CONCEPTS
Solar power has expanded dramatically in recent years, becoming the leading technology installed for new power generation around the world. In 2019, it accounted for 45% of global capacity added. Last year, solar power became the cheapest source of electricity in many parts of the world, outcompeting fossil fuels like coal and natural gas.
A new Solutions Brief by Climate Central explains the growth of solar and dives into projections of how much more solar is needed to reach net zero emissions. Look for more Climate Central solutions issue briefs in the upcoming months.
Despite the pandemic, the U.S. added a record 19 gigawatts of solar in 2020, for a total of 89 GW installed capacity. That’s enough to power 16.4 million American homes. But we have a long way to go.