THE DAILY ROUNDUP – Friday

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Hi! Here is your daily dose of articles related to renewable energy, sustainability, and technology. Stay safe!


FuelCell Energy: Good News, Bad News

There’s good news and bad news for FuelCell Energy (FCEL). First, some bad news – the company has been living on a mix of new debt and equity issuances year over year. Its sales have been declining and SGA expenses have been increasing since the last 2 years. The cash flows have not tipped over yet because of new debts and stock issuances…


South Korea subsidizing biomass so heavily that wind and solar are being crowded out of the market

The government of South Korea is subsidizing the development of biomass power so heavily that it’s hindering the adoption of renewable energy technologies like solar and wind, new research finds. South Korea adopted a Renewable Portfolio Standard (RPS) policy in 2012 in order to increase the market share of renewable energy…

Korea has this market-based system where any utilities of more than 500MW have to supply some renewable energy in their portfolio, and biomass is one of the eligible sources of renewables they can do. Once they produce renewable energy through biomass, the government issues them renewable energy certificates, and [biomass projects] were receiving about twice as much certificates because of the REC schedule that grants them higher RECs than other sources.

Soojin Kim, a senior researcher at SFOC and an author of the report

With oil reeling under pandemic, clean energy looks to capitalize

WASHINGTON – As a sudden drop in demand decimates the oil industry, international efforts are underway to ride the lull in fossil fuel consumption to expedite the clean up of the world’s energy sector. Even as the coronavirus pandemic keeps countries under lockdown, world leaders view the sudden shock to the global economy as an opportunity to…

In the face of human tragedy and the plethora of consequences of the Covid-19 pandemic, we have also been handed an opportunity to rebuild society in a manner that makes it more resilient to future crises. The choices we take now to kick-start our economies will also determine our ability to mitigate the impacts of climate change.

Dan Jørgensen, Denmark’s minister for climate, energy and utilities

CLEAN ENERGY COULD GET AMERICANS BACK TO WORK POST-PANDEMIC

Transforming America into a country that runs on clean energy is one way experts hope to alleviate the devastating economic downturn caused by the COVID-19 pandemic. With unemployment soaring and oil prices in a free fall, it’s looking highly unlikely that the US will simply step back into “business as usual.” Even though the pandemic is still…

Right now is the ideal time to be investing in renewable energy that can produce millions of family-sustaining wage jobs across the United States.

Mark Paul, a political economist at New College of Florida

SINN Power Builds World’s 1st Floating Ocean Hybrid Platform

With an aim to further expand footprints, Germany based SINN Power has invited solar panel manufacturers to demonstrate and test their photovoltaic (PV) modules on a floating platform in Iraklio, Greece. The company’s motive behind the move is to internationalize its ocean hybrid platform as a complete off-grid energy solution to provide…

Modularity has been a key aspect since we started developing maritime technologies which allow flexibility and a wide variety of applications. The floating platform can supply renewable energy to island resorts in the Caribbean and contribute to the worldwide implementation of offshore wind farms.

Dr. Philipp Sinn, CEO of SINN Power

COVID-19 causes biggest shock to global energy demand since World War II

The COVID-19 pandemic represents the biggest shock to the global energy system in seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%. A new report released by the International Energy Agency (IEA) provides an almost…

This is a historic shock to the entire energy world. Amid today’s unparalleled health and economic crises, the plunge in demand for nearly all major fuels is staggering, especially for coal, oil, and gas. Only renewables are holding up during the previously unheard-of slump in electricity use.

Dr Fatih Birol, the IEA Executive Director

Energy Efficiency Indicator Survey Shows Planned Increased Investment In Sustainability

Johnson Controls released the findings from its 2019 Energy Efficiency Indicator study to gauge respondents’ plans to invest in energy efficiency. The survey – in its 13th year – was completed in December 2019 prior to the widespread outbreak of the global COVID-19 pandemic, and at the time, found that almost two-thirds of global respondents…

Although we are in a very different environment than we were when the survey was fielded, we do see commitments to energy efficiency as promising and hope when the economy rebounds, these investments will come to fruition. When we fielded this survey in 2010, we found that the economic recession had a surprisingly limited impact on energy efficiency investment.

Clay Nesler, vice president of global sustainability and regulatory affairs at Johnson Controls

Inmotive raises $7.5 million to help drive faster adoption of electric vehicles

Inmotive is one step closer to helping electric vehicles become lighter and less expensive while also improving their range and performance. The Toronto -based maker of the patent-protected Ingear 2-speed transmission for electric vehicles (EVs) announced today it has closed a $7.5-million Series A round of funding. The round, a combination of…

COVID-19 has made it very challenging for cleantech companies to raise capital, so the timing of this investment demonstrates high confidence in our team, technology, and strategy. With this infusion of funds, Inmotive can achieve its 2020 goals of producing Ingear units ready for external testing and engaging with electric vehicle manufacturers globally.

Inmotive founder and CEO Paul Bottero

Mounting Global Demand for Vertex 500W+ Ultra High Power Module, Trina Solar Unveils New Era of Module in India

The new Vertex modules from Trina Solar Co., Ltd (“Trina Solar” or the” Company”), a leading global provider of integrated PV modules and smart energy solutions, is spear-heading the solar energy industry’s adoption of higher efficiency, higher power modules. The first 100MW plus contract in India for Vertex modules has been signed by…

The fact that such a large order for Vertex modules has come from India says a lot about the demand for renewable energy in this market.

President of Trina Solar Asia Pacific, Helena Li

How BUGS Leave an Opening for Solar Plus Storage Globally

A major opportunity exists for small, solar plus storage systems to replace gasoline or diesel backup generators that cause detriment to the environment worldwide, according to research funded by an arm of the World Bank Group. Between 1 to 2 billion people do not have access to a reliable power grid, making back-up generation systems (BUGS)…


Microgrids for EV charging are a ‘low carbon, resilient, economically viable opportunity’

Moving from today’s gas stations to their electrified equivalent can present a challenge so “dramatic” that in some cases, microgrids may be the only viable solution, a representative of Schneider Electric has said. Schneider Electric already provides standardized solutions for refueling stations based on internal combustion engines…

Our ability to put islanding – integrated, automated with load shedding with the asset controls – and the grid interactivity allows a microgrid to be completely serving a site for its critical loads, essential loads for its carbon footprint, and its low-cost energy.

Andy Haun, senior vice-president and chief technology officer (CTO) at Schneider’s microgrid division

Daimler and Volvo to Partner for Large-scale Production of Fuel Cells

Sharing the Green Deal vision of sustainable transport and a carbon-neutral Europe by 2050, two leading companies in the commercial vehicle industry, Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture. The intention is to develop, produce, and commercialize fuel cell systems for…

Truly CO2-neutral transport can be accomplished through electric drive trains with energy coming either from batteries or by converting hydrogen onboard into electricity. For trucks to cope with heavy loads and long distances, fuel cells are one important answer and technology where Daimler has built up significant expertise through its Mercedes-Benz fuel cell unit over the last two decades. This joint initiative with the Volvo Group is a milestone in bringing fuel cell-powered trucks and buses onto our roads.

Martin Daum, Chairman of the Board of Management Daimler Truck AG and Member of the Board of Management of Daimler AG

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