Amazon signs big partners in pledge to be carbon neutral by 2040

seattletimes | June 17, 2020

Amazon has attracted new allies for The Climate Pledge that founder and CEO Jeff Bezos announced last September. Indian information technology consulting giant Infosys, U.S. wireless market share leader Verizon and U.K. consumer goods manufacturer Reckitt Benckiser Group (RB) signed the pledge, which calls on companies to eliminate or offset all greenhouse gas emissions by 2040. The three large companies, based on three continents and in three very different industries, illustrate the range of challenges and corporate approaches to the climate emergency, which continues amid widespread protests against systemic racism and a global pandemic – both adding urgency and complexity to the climate response.

Spotlight

The Clean Energy Standard Cost Study (Study) complements and advances the Clean Energy Standard (CES) Staff White Paper (White Paper)(1). The White Paper was published on January 25, 2016 and proposes the CES as New York’s policy to deliver the goals of generating 50% of our electricity from renewable resources like solar, wind, and hydro renewable electricity by 2030, while also ensuring that upstate nuclear plants continue to generate so that the carbon savings provided by these plants are maintained.

Spotlight

The Clean Energy Standard Cost Study (Study) complements and advances the Clean Energy Standard (CES) Staff White Paper (White Paper)(1). The White Paper was published on January 25, 2016 and proposes the CES as New York’s policy to deliver the goals of generating 50% of our electricity from renewable resources like solar, wind, and hydro renewable electricity by 2030, while also ensuring that upstate nuclear plants continue to generate so that the carbon savings provided by these plants are maintained.

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SUSTAINABILITY

PSP Investments to Release Green Bond Framework

PSP Investments | February 15, 2022

The Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investment managers, announced the publication of its Green Bond Framework. Green Bonds will provide a new tool in PSP Investments' toolkit to support strong financial performance and responsible investment outcomes. PSP Investments' Green Bond Framework is aligned with existing standards in green bond and sustainable debt markets. It has been awarded an environmental rating of "Medium Green" and the highest possible governance score of "Excellent" by CICERO Shades of Green. CICERO Shades of Green is internationally recognized as a leading provider of independent reviews of green bond frameworks and provides an independent assessment of the processes established to assess and select eligible projects for green bond investments. In addition to equipping PSP Investments with a new financing vehicle that is expected to broaden our investor base, the Green Bond Framework supports our comprehensive climate strategy, which will be released in 2022. As a steward of retirement assets of over 900,000 contributors and beneficiaries, we have a longstanding practice of responsible investing as a means to better manage ESG risks and generate the long-term adjusted returns needed to achieve our mandate." Neil Cunningham, President and Chief Executive Officer at PSP Investments The Green Bond Framework will enable PSP Investments to answer increasing investor demand for sustainable debt products. Eventual Green Bond proceeds will be used to fund projects with high environmental impact or those where environmental performance will be improved over time, in the following categories: Renewable energy Energy efficiency Pollution prevention and control Environmentally sustainable management of living natural resources and land use Sustainable water and wastewater management Circular economy adapted products, production technologies and processes Green buildings Clean transportation About PSP Investments The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with C$204.5 billion of net assets under management as of March 31, 2021. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.

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ENERGY

Power Electronics leads the energy storage market with a presence in more than 150 worldwide megaprojects

Power Electronics | August 27, 2021

The multinational Power Electronics continues to lead the global market for energy storage systems and is involved in more than 150 of the world's largest solar energy battery storage projects, creating 7 GW of storage. The most recent project to kick off was the plant in Florida which—with a total capacity of 900 MWh—is the largest solar-powered battery storage facility in the world to date. In 2019, the United States consumed more renewable energy than coal for the first time since 1885. In 2020, this trend was reinforced by the impact of COVID-19, which led energy companies to buy less coal in favor or renewables. Power Electronics supports the country in its firm resolve to tilt the energy balance towards renewables and has become a benchmark thanks to a continued commitment to innovation in order to adapt to the needs of its customers and power grids. This is why the company will participate in the largest renewable energy event in the United States, the Solar Power International conference and exhibition, which will be held in New Orleans (Louisiana), bringing together the major players in the sector. Participation in the ACT Expo Aside from energy storage systems, Power Electronics focuses its business on electric mobility. This is why it will also be at the ACT Expo, the most important electric mobility event in the United States, where it will exhibit its EV charging point solution, which is the most complete solution on the market due to its advanced features. It's the only electric vehicle charging station on the market that integrates a transformer and medium-voltage cells into the same set of equipment—a turnkey, modular, flexible and extremely reliable solution for any scenario. About Power Electronics Power Electronics is the world's number one manufacturer of energy conversion systems for energy storage and the leading manufacturer of solar inverters for photovoltaic plants in the United States, Latin America, Australia, the United Kingdom and Spain. It is present in nearly 1,300 plants across 35 countries. It closed 2020 with 40 GW of AC power installed, which prevented the release of more than 56.3 million tons of CO2 into the environment.

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SOLAR+STORAGE

Panasonic Launches Next-Generation Solar Energy Battery Storage System, the EverVolt 2.0

Panasonic | November 19, 2021

Panasonic announced the latest innovation in its robust solar energy portfolio of Total Home Energy Solution offerings, the EverVolt 2.0. A result of Panasonic's ongoing commitment to developing advanced solar and energy storage technologies, EverVolt 2.0 offers enhancements for greater customization, and features a convenient modular footprint and weatherproof design. The new EverVolt 2.0 provides continuous power output of 7.6 kW off-grid and 9.6 kW with grid, enough to power an average household load, and boasts two energy storage capacity 17.1 kWh or 25.65 kWh (usable capacity) per system. The system can be AC- and DC-coupled, allowing it to work with both new and existing solar energy systems. EverVolt 2.0 is comprised of two primary components: the floor-standing battery cabinet and a hybrid smart inverter with 4 MPPTs, and offers simple installation and flexible placement either inside or outside, thanks to its weatherproof design with an outdoor protection rating of IP55 (NEMA 3R). Other features of the Panasonic EverVolt 2.0 Home Battery include: A modular design that allows homeowners to tailor their energy storage solution to their needs; up to three systems can be stacked together to obtain more power output and energy storage capacity Multiple operating modes, including back-up mode, residential mode, time-of-use mode and custom modes which can be set by the system owner Up to 12kW of solar can be tied to the EverVolt inverter – for both supplying to the loads and charging the batteries Field serviceability A new user-friendly mobile app that allows homeowners to monitor the system data and set the operating mode An optional wireless color LCD display, which provides visibility into battery monitoring data and control over system settings Innovations in energy storage have never been more exciting—and necessary--than they are today. As part of our ongoing commitment to providing top-notch solar and storage solutions for homeowners, the Panasonic EverVolt 2.0 boasts new features that not only meet the needs of energy-conscious homeowners but supports broader sustainability goals. The recently announced federal goals for nationwide solar adoption, paired with consumers' increasing desire for resiliency, only underscore the necessity for solar and storage solutions like this." Mukesh Sethi, Director of Solar and Energy Storage at Panasonic Backed by more than a century of Panasonic innovation, EverVolt 2.0 is protected by Panasonic's 10-year product and performance warranty when installed by a Certified EverVolt Installer. The EverVolt 10-year warranty is one of the best in its class for homeowners. About Panasonic Corporation of North America Newark, NJ-based Panasonic Corporation of North America is committed to creating a better life and a better world by enabling its business-to-business customers through innovations in Sustainable Energy, Immersive Entertainment, Integrated Supply Chains and Mobility Solutions. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation. One of Interbrand's Top 100 Best Global Brands of 2021, Panasonic is a leading technology partner and integrator to businesses, government agencies and consumers across the region.

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