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🇺🇸 In the United States, strong federal policies are supporting the growth of clean energy industries, attracting record-breaking levels of investment, and accelerating America's global competitiveness. For example, in 2023, the US announced USD 123 billion for 104 manufacturing facilities, including 68 brand-new battery and solar facilities. Further, America added 42 gigawatts of new renewable power-generating capacity as electric vehicle sales surged 50 percent to 1.46 million units sold. In addition, The Inflation Reduction Act (IRA) propelled investments in emerging sectors like carbon capture, hydrogen, renewable gas, and sustainable aviation fuel against a backdrop of USD 303 billion in energy transition financing deployed throughout the United States. ℹ LEARN MORE: bcse.org/factbook #EnergyEfficientLife Business Council for Sustainable Energy (BCSE), Sustainable Energy for All (SEforALL), Lisa Jacobson, Metrus Energy, Bob Hinkle, Brian Dean, Steve Kukoda

In the first quarter of 2024, U.S. investment in clean energy and electric vehicles surged to a record $71 billion, nearly 40% higher than the same period last year, according to a report by the Clean Investment Monitor, a collaboration between the Rhodium Group and MIT. This significant growth is led by $31 billion in retail sales of zero-emissions vehicles and renewable energy products like solar panels and heat pumps. Utility-scale solar and energy storage deployments contributed another $24 billion, with emerging technologies such as hydrogen and sustainable aviation fuels attracting $6.3 billion. The manufacturing sector also saw substantial growth, particularly in the electric vehicle supply chain, with a total of $17 billion invested. This trend highlights a major shift in U.S. investment towards sustainability, now accounting for over 5% of all private investments in the country, which is inline with the need for continued investment to meet ambitious climate goals. For more details, read here: https://ow.ly/KsUc50SfkYn

$71 𝐁𝐢𝐥𝐥𝐢𝐨𝐧! Clean Energy sees record investments 💰🚀 Speaking with a number of leaders across the Clean Tech spaces, it seems almost everyone is waiting for funding to land or struggling to find it altogether. Strange to see then, the U.S. set a new record with $71Bn in clean energy investment in Q1 2024, up 40% from Q1 2023! 🏭💡 The funds were split across manufacturing emissions-reducing tech, deploying clean energy and industrial decarbonization, and retail sales like EVs, solar, and heat pumps. Retail led with $31B, followed by $24B in deployment, driven by utility-scale solar and storage ☀️🔋 Emerging techs like hydrogen and sustainable fuels also saw huge growth ⛽ EV supply chain investments dominated manufacturing, with $11B in battery production 🔋 Clean energy now makes up over 5% of U.S. private investment 📈 But further growth is necessary. While zero-emissions vehicle sales are on track to meet domestic climate goals, clean energy deployments are not. Average annual capacity additions of 70 to 126 gigawatts between 2025 and 2030 will be needed - that’s more than twice the amount of clean energy the country added last year 🏭🏭 Ramping up the rollout of clean energy will require private investment to keep breaking records in the quarters to come 🚀 (Full article -> https://lnkd.in/eR3U7VZa) #CleanEnergy #Sustainability #Investment #Battery

Canada has set an ambitious goal of achieving a 100% net zero electricity system by 2035. Currently, however, only 17% of our primary energy supply comes from renewable sources. To bridge this gap, we need innovative solutions that make clean, affordable energy accessible and reliable. To energize Canada’s power system sustainably, Foresight Canada’s powerNEXT ecosystem is connecting #cleantech innovators with top industry leaders to accelerate the transition to renewable, clean power. Their sector-specific acceleration program offers six industry sessions, an industry pitch day, and 15 hours of 1:1 EIR support. By connecting #power technology companies with essential training, resources, and mentorship, powerNEXT is enabling ventures to transform Canada’s energy landscape and spark meaningful change. Spaces are limited—apply now: https://lnkd.in/e2AjUCHk

🌱 A 40% YoY surge in clean energy & EV investments? Incredible! 🚀 Just in, retail leads with $31B in eco-friendly sales - think zero-emission vehicles & solar power. 🚗🌞 But the rising star? Clean energy & industrial decarbonization with $24B, thanks to large-scale solar & storage deployments. 💡⚡ Emerging technologies aren't far behind. Hydrogen, carbon capture, & sustainable aviation fuels bagged a whopping $6.3B. That's 37% more than last quarter & five times that of Q1 last year! Innovation is truly in the air. ✈️🌿 And let's talk manufacturing - the unsung hero with $17B invested. Dominated by the EV supply chain, this segment saw the steepest investment increase, particularly in battery production - up 36%! 🔋 Now, clean energy & EV investments claim over 5% of the US's total private sector spend. But here's the catch: we need MORE to meet climate goals! Think double the clean energy added last year. It's record-breaking or bust! 🌍💪 #CleanEnergy #ElectricVehicles #InvestmentBoom

RMI’s latest report on the cleantech revolution highlights the incredible pace of change in renewable energy, electrification, and efficiency – and why now is the pivotal moment to act. Here are the key takeaways: • Exponential Growth: By 2030, we’ll see annual installations of 1,000 GW of solar and 6,000 GWh of batteries, with electrification and efficiency gains doubling. • Inevitable Decline of Fossil Fuels: Renewables will dominate, pushing out fossil fuels and leading to significant stranded assets. • Global Impact: The goals of the Paris Agreement are achievable, with the Global South continuing to leapfrog to cleantech solutions. • China’s Leadership: China is leading the way in cleantech deployment, driving exponential growth globally. At PROTOSTAR, we’re committed to catalyzing this shift toward a sustainable, equitable, and cleaner energy future. As the report emphasizes, the direction of change is inevitable, but the speed is up to us. What We Need to Do Now: • Accelerate renewable capacity build-out. • Enhance electrification and efficiency. • Focus on innovative, modular technologies. We’d love to hear your thoughts on the key takeaways from the RMI report. How do you see the cleantech revolution shaping the future of energy? Share your insights, questions, or experiences in the comments below. #EnergyTransition #Sustainability #CleanEnergy #FutureOfEnergy

Breaking News! O‘right Once Again Selected for the RE100 Leadership Awards At the 2024 RE100 Leadership Awards, O’right has once again been honored with the “Enterprising Leader” and “Market Trailblazer” awards, highlighting the crucial role of SMEs in global green transformation! Since joining the RE100 renewable energy initiative in 2018, O‘right has been at the forefront of energy transition. In 2022, O’right was first awarded the Leadership Award, receiving global recognition. In 2023, we successfully built our own power plant and engaged in renewable energy PPA procurement, achieving our commitment to 100% green electricity two years ahead of schedule while significantly reducing Scope 1 and Scope 2 carbon emissions by over 60%. According to World Bank data, over 90% of businesses worldwide are SMEs, and nearly 55% of Taiwan’s carbon emissions come from electricity use. For Taiwanese companies, switching to green electricity is a crucial step towards achieving net-zero emissions. Sustainability is not only a corporate responsibility but also an opportunity for the future, enhancing business competitiveness and resilience! #RE100 | #RE100LeadershipAwards #Oright｜＃TogetherGreener  

The growth of renewable energy depends on adopting clean flexibility sources like batteries, crucial for the electrification of transportation and heating and for modernizing the grid. "Over the past decade, declining investment costs for BESS (due to technological advancements, economies of scale, and lower raw material prices) have made PV paired with BESS more cost-competitive. This combination addresses the energy trilemma of security, sustainability, and affordability", Antonio Arruebo, a Market Analyst at SPE. https://lnkd.in/dpyF8x-S

Amid a rapidly evolving global clean technology race, a new report by Cleantech for Europe and Cleantech for UK reveals an urgent call to action: greater collaboration between the UK and EU is critical to scale clean tech manufacturing, strengthen supply chains, and reclaim global leadership. The report identifies key areas for cooperation: - Grid technologies to modernize energy systems. - Offshore wind to harness renewable power. - Carbon pricing and storage to drive decarbonization. Download the report here: https://nt-z.ro/3DpeBl7