Tag Archives: renewable energy

Record 2021 Investment, Demand Highlight Critical Role Sustainable Energy Technologies Play in the U.S. Economy (March 3, 2022)

For Immediate Release
March 3, 2022
Contact: Chloe Ashford
Email: [email protected]
Phone: 202.785.0507 ext. 1512


Record 2021 Investment, Demand Highlight Critical Role Sustainable Energy Technologies Play in the U.S. Economy

Tenth Annual Edition of the Sustainable Energy in America Factbook Provides Key Data on the Role of Energy Efficiency, Natural Gas and Renewable Energy in Driving the Energy Transition

WASHINGTON, D.C. – Despite the Covid-19 pandemic, 2021 was a record-breaking year for investment in the energy transition and the deployment of renewable power, battery storage, and sustainable transportation, according to the 2022 Sustainable Energy in America Factbook published today by BloombergNEF (BNEF) and the Business Council for Sustainable Energy (BCSE). This growth was fueled by strong consumer demand, unprecedented injection of new capital into companies, technologies, and projects, and a wave of supportive new policies.

“As the world grapples with the impacts of climate change and disruption of energy markets, the momentum gained by the clean energy transition in 2021 is a beacon of hope, pointing the way forward,” remarked Lisa Jacobson, BCSE President. “I am confident that the upward trends we saw in 2021 will continue and that long-term investment in the clean energy portfolio of energy efficiency, natural gas, and renewable energy will yield powerful dividends in terms of energy security, economic benefit to our country and emission reductions.”

Comprising 50 slides with data visualizations, the Factbook is a succinct resource that highlights the status of sustainable energy in the U.S. as the country pursues its climate goals. In addition to highlighting the contributions of key energy sectors to 2021’s performance, the Factbook weaves together important market and investment dynamics, technology trends and policy developments. The conclusions drawn from the data not only point to the current momentum of the clean energy transition, but also underscore the need for additional public policy support that accelerates the speed and scale of the deployment of clean energy and energy efficiency solutions.

“Last year really was a year of firsts,” said Ethan Zindler, BloombergNEF’s head of Americas. “We saw record volumes of new capital deployed to support the transition to a lower-carbon economy, a record number of electric vehicles sold, and record contributions to the power grid from zero-carbon renewable sources of power. Still, there are plenty of open questions about future demand that clearer signals from Washington could resolve.”

As revealed in the Factbook, the story of the U.S. energy transition in 2021 is rooted in previously unseen levels of investment. Global private investment soared to $755 billion in 2021. The U.S. set a record at $105 billion. Meanwhile, the federal government made an unprecedented $80 billion pledge to support energy transition with the enactment of the Infrastructure Investment and Jobs Act, which looks to leverage significant private sector investment.

Another key driver was large energy consumers, namely large corporations, demanding more clean energy. In 2021, companies signed contracts to procure a record 17 gigawatts of renewable capacity. In addition, a total of 351 companies have now pledged to procure 100% clean energy, with 65 new companies joining RE100 in 2021. These market signals set the stage for continued increases in clean energy in 2022 and beyond.

U.S. energy productivity, energy supply and energy demand all rose in 2021 compared to 2020, the year Covid-19 first buffeted the economy. Energy productivity – the ratio of energy consumed in the U.S. compared to the economy’s overall gross domestic product – improved 1.3% and the share of U.S. electricity demand met by natural gas and renewable energy increased to 59%.

The rise of clean energy generation and the adoption of energy efficiency measures helped U.S. household energy costs remain historically low in 2021, even when confronted with higher prices for many goods and energy-related products, namely gasoline, due to supply chain disruptions and inflation. In fact, Americans felt the energy price squeeze much less acutely than others elsewhere in the world. These impacts make the case for continued investment in energy efficiency technologies.

One area that did not see improvement in 2021 was U.S. greenhouse gas emissions. As Covid-19 restrictions lifted in 2021, total CO2 emissions jumped 5.8% year-on-year. However, this came immediately on the heels of a sharp drop in 2020 as the pandemic first took hold. Thanks to investments already made in low and zero-carbon technologies, total U.S. emissions finished 2021 4.4% below 2019 levels and 15% below 2005 levels.

In the power sector, emissions rose year-on-year as coal-fired generation rebounded, offsetting natural gas generation. This change should be short-lived due to the record levels of renewable build and other clean energy investments seen in 2021. But the rise in emissions signals the need to enact policies that will help reduce emissions and protect communities from the worst impacts of climate change, including the increasing severity and cost of extreme weather events as experienced in 2021.

Historic public and private sector investment, increased consumer demand and the enactment of supportive new policies drove growth in the energy transition, despite the challenges and uncertainties of Covid-19 business conditions. As a result, clean energy played a key role in the U.S. economy in 2021 and set the stage for even more growth in 2022.

Download the complete 2022 Sustainable Energy in America Factbook at www.bcse.org/factbook.

About the Factbook Partners

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.

Business Council for Sustainable Energy (BCSE) is a coalition of companies and trade associations from the energy efficiency, natural gas and renewable energy sectors. The Council membership also includes independent electric power producers, investor-owned utilities, public power, commercial end-users and project developers and service providers for energy and environmental markets. Since 1992, the Council has been a leading industry voice advocating for policies at the state, national and international levels that increase the use of commercially available clean energy technologies, products and services.

Download this press release.

BCSE Supports President Biden’s Call to Enact Clean Energy and Climate Change Tax and Investment Policies (March 1, 2022)

For Immediate Release
March 1, 2022

Contact: Chloe Ashford
Email: [email protected]
Phone: 202.785.0507 ext. 1512


BCSE Supports President Biden's Call to Enact Clean Energy and Climate Change Tax and Investment Policies

Washington, D.C. – In response to President Biden’s State of the Union address, BCSE President Lisa Jacobson offered the following statement:

"President Biden highlighted critical tax and investment polices to expand clean energy and energy efficiency as a means to create domestic jobs, expand U.S. manufacturing and to modernize U.S. infrastructure -- while reducing harmful greenhouse gas emissions and enhancing community resilience.

"The private sector is ready to invest, building on a record level of energy investment in 2021. Federal policy support will catalyze additional investment and accelerate deployment of a broad portfolio of clean energy and energy efficient technologies.

"BCSE looks forward to working with the Biden Administration and Congress to enact these measures this year."

Download this press release.

BCSE Statement on IPCC AR-6 Working Group II Report on Climate Change Impacts, Adaptation and Vulnerability (February 28, 2022)

For Immediate Release
February 28, 2022

Contact: Chloe Ashford
Email: [email protected]


BCSE Statement on IPCC AR-6 Working Group II Report on Climate Change Impacts, Adaptation and Vulnerability

Washington, D.C. – The Inter-governmental Panel on Climate Change (IPCC) released the Sixth Assessment Report (AR-6)’s Working Group II Report on Climate Impacts, Adaptation and Vulnerability earlier today.  In response, BCSE President Lisa Jacobson commented:

“The IPCC report findings released today on the impacts of climate change are stark and clear. We are already experiencing the impacts of climate change and it is most devastating to our most vulnerable communities.

“In the soon to be released 2022 Sustainable Energy in America Factbook, the financial cost of climate-related disaster response and recovery in 2021 was $145 billion in the United States, making it the third-most expensive year on record. As a country, we need to invest in our resilience before a climate disaster hits.  Our energy infrastructure is critical infrastructure.  When disaster hits, energy is an essential lifeline for households, businesses and communities.

“As the IPCC report details, we must reduce emissions to the levels required to avoid the worst impacts of climate change as soon as possible. Increasing the level of investment made today in clean and resilient energy systems, both at home and abroad, will deliver a high return on investment and help us meet both our mitigation and adaptation goals.”

Additional information on the IPCC report can be found on the BCSE blog: Latest IPCC Report Sharpens Focus on Climate Change Impacts, Adaptation & Vulnerability.

Download this press release.

Media Advisory: 2022 Sustainable Energy in America Factbook Press Briefing (February 25, 2022)

For Immediate Release
February 25, 2022

Contact: Chloe Ashford
Email: [email protected]
Phone: 202.785.0507 ext. 1512


MEDIA ADVISORY

In One Week: 2022 Sustainable Energy in America Factbook Release

Energy Industry Leaders to Highlight Dramatic Progress of the U.S. Energy Transition
at March 3 Embargoed Press Briefing

Please join the Business Council for Sustainable Energy (BCSE) and BloombergNEF (BNEF) on Thursday, March 3, 2022 at 10:00 – 11:00 am ET for an embargoed press briefing on the release of the tenth annual edition of the Sustainable Energy in America Factbook.  

The briefing provides an opportunity to get the facts about the critical role new energy technologies played in the U.S. economy in 2021 and ask questions of sustainable energy industry leaders. With its market-oriented perspective, the Factbook will help drive the energy policy conversation in the near term as reporters and policymakers assess the Intergovernmental Panel (IPCC) on Climate Change’s Sixth Assessment Report that will be released on February 28, President Biden’s State of the Union Address on March 1 and the release of the Energy Information Administration (EIA)’s Annual Energy Outlook on March 3. Over the longer term, the Factbook is an invaluable resource for coverage of energy, climate and environmental policy and business.

All content presented at the press briefing will be under embargo until March 3 at 3:00pm ET to enable inclusion of Factbook information in stories on the EIA’s Annual Energy Outlook released on that day. Participation in this briefing is by invitation-only. All content presented at the press briefing will be under embargo until March 4 at 12:01 am ET. Participation in this briefing is by invitation-only.  To request an invitation to the media briefing, contact Chloe Ashford at [email protected] or  202.785.0507 ext. 1512.

Each year, the Factbook provides comprehensive information and analysis on major sustainable energy facts and trends from the previous year. The Factbook includes energy statistics on market growth and contraction, and analysis of trends in the energy efficiency, natural gas, renewable energy and other clean energy segments. 

The 2022 Factbook will look back on year-on-year dynamics, including how the second year of the pandemic and first year of the Biden Administration impacted business conditions, U.S. energy markets and the overall energy transition. The press event will cover several core benchmarks included in the report – deployment, technology innovation, policy, emissions, and jobs. 

At this invitation-only briefing, energy industry leaders will talk about how their businesses and the U.S. economy adjusted to changing circumstances and answer questions about the report and its findings.  

  • Alliance to Save Energy – Paula Glover, President  
  • American Clean Power Association – Rod O’Connor, Chief Commercialization & Engagement Officer 
  • BloombergNEF – Ethan Zindler, Head of Americas 
  • Business Council for Sustainable Energy – Lisa Jacobson, President 
  • National Grid – Emily Duncan, Vice President, Government Relations and BCSE Chairman of the Board  
  • Sempra – Lisa Larroque Alexander, Senior Vice President, Corporate Affairs, and Chief Sustainability Officer 
  • Solar Energy Industries Association – Erin Duncan, Vice President, Congressional Affairs 
  • Trane Technologies – Scott Tew, Vice President, Sustainability, & Managing Director, Center for Energy Efficiency and Sustainability 

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About the Factbook Partners

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.

Business Council for Sustainable Energy (BCSE) is a coalition of companies and trade associations from the energy efficiency, natural gas and renewable energy sectors. The Council membership also includes independent electric power producers, investor-owned utilities, public power, commercial end-users and project developers and service providers for energy and environmental markets. Since 1992, the Council has been a leading industry voice advocating for policies at the state, national and international levels that increase the use of commercially available clean energy technologies, products and services.

Media Advisory: 2022 Sustainable Energy in America Factbook Press Briefing (February 17, 2022)

For Immediate Release
February 17, 2022

Contact: Chloe Ashford
Email: [email protected]
Phone: 202.785.0507 ext. 1512


MEDIA ADVISORY

2022 Sustainable Energy in America Factbook
NEW: Speakers Announced for March 3 Embargoed Press Briefing 

Please join the Business Council for Sustainable Energy (BCSE) and BloombergNEF (BNEF) on Thursday, March 3, 2022 at 10:00 – 11:00 am ET for an embargoed press briefing on the release of the tenth annual edition of the Sustainable Energy in America Factbook.  

All content presented at the press briefing will be under embargo until March 4 at 12:01 am ET. Participation in this briefing is by invitation-only.  To request an invitation to the media briefing, contact Chloe Ashford at [email protected] or  202.785.0507 ext. 1512.

Each year, the Factbook provides comprehensive information and analysis on major sustainable energy facts and trends from the previous year. The Factbook includes energy statistics on market growth and contraction, and analysis of trends in the energy efficiency, natural gas, renewable energy and other clean energy segments. 

The 2022 Factbook will look back on year-on-year dynamics, including how the second year of the pandemic and first year of the Biden Administration impacted business conditions, U.S. energy markets and the overall energy transition. The press event will cover several core benchmarks included in the report – deployment, technology innovation, policy, emissions, and jobs. 

At this invitation-only briefing, energy industry leaders will talk about how their businesses and the U.S. economy adjusted to changing circumstances and answer questions about the report and its findings.  

  • Alliance to Save Energy – Paula Glover, President  
  • American Clean Power Association – Rod O’Connor, Chief Commercialization & Engagement Officer 
  • BloombergNEF – Ethan Zindler, Head of Americas 
  • Business Council for Sustainable Energy – Lisa Jacobson, President 
  • National Grid – Emily Duncan, Vice President, Government Relations and BCSE Chairman of the Board  
  • Sempra – Lisa Larroque Alexander, Senior Vice President, Corporate Affairs, and Chief Sustainability Officer 
  • Solar Energy Industries Association – Erin Duncan, Vice President, Congressional Affairs 
  • Trane Technologies – Scott Tew, Vice President, Sustainability, & Managing Director, Center for Energy Efficiency and Sustainability 

###

About the Factbook Partners

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.

Business Council for Sustainable Energy (BCSE) is a coalition of companies and trade associations from the energy efficiency, natural gas and renewable energy sectors. The Council membership also includes independent electric power producers, investor-owned utilities, public power, commercial end-users and project developers and service providers for energy and environmental markets. Since 1992, the Council has been a leading industry voice advocating for policies at the state, national and international levels that increase the use of commercially available clean energy technologies, products and services.

Media Advisory: 2022 Sustainable Energy in America Factbook Press Briefing (February 10, 2022)

For Immediate Release
February 10, 2022

Contact: Chloe Ashford
Email: [email protected]
Phone: 202.785.0507 ext. 1512


MEDIA ADVISORY – SAVE THE DATE
2022 Sustainable Energy in America Factbook Press Briefing on March 3

Annual publication from the Business Council on Sustainable Energy and BloombergNEF explores how the events of 2021 are impacting the trajectory of clean energy

Please join the Business Council for Sustainable Energy (BCSE) and BloombergNEF (BNEF) on Thursday, March 3, 2022 at 10:00 am ET for an embargoed press briefing on the release of the tenth annual edition of the Sustainable Energy in America Factbook.

What is the Factbook?
Each year, the Factbook provides comprehensive information and analysis on major sustainable energy facts and trends from the previous year. The Factbook includes energy statistics on market growth and contraction, and analysis of trends in the energy efficiency, natural gas, renewable energy and other clean energy segments.

When is the Factbook officially released?
All content presented at the press event will be under embargo until March 4 at 12:01 am ET, when the 2022 Factbook will be released to the public and available to download for free at bcse.org/factbook.

Why is it important?
The 2022 Factbook will look back on year-on-year dynamics, including how the second year of the pandemic and first year of the Biden Administration impacted business conditions, U.S. energy markets and the overall energy transition. The press event will cover several core benchmarks included in the report – deployment, technology innovation, policy, emissions, and jobs.

Who will be presenting?
Energy industry leaders will talk about how their businesses and the U.S. economy adjusted to changing circumstances and answer questions about the report and its findings. BCSE President Lisa Jacobson and BloombergNEF Head of Americas Ethan Zindler will preview the report and summarize its key findings. The full speaker list will be shared later this month.

How can you attend
Participation in this briefing is by invitation-only.  To request an invitation to the media briefing, contact Chloe Ashford at [email protected] or  202.785.0507 ext. 1512.

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About the Factbook Partners

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.

Business Council for Sustainable Energy (BCSE)is a coalition of companies and trade associations from the energy efficiency, natural gas and renewable energy sectors. The Council membership also includes independent electric power producers, investor-owned utilities, public power, commercial end-users and project developers and service providers for energy and environmental markets. Since 1992, the Council has been a leading industry voice advocating for policies at the state, national and international levels that increase the use of commercially available clean energy technologies, products and services.

What’s New in Renewable Natural Gas?

The Gas Technology Institute (GTI) is hosting monthly 30-minute Tech Talk webinars exploring trends driving the evolution of energy markets. The complimentary sessions spotlight breakthrough technologies that hold promise to minimize environmental impact and support economic growth around the world. The first session is coming up on January 12 at 10 am CST, and details are below.

Ted Barnes, Karen Crippen, and Amanda Harmon discuss Renewable Natural Gas

Interest in renewable natural gas (RNG) has skyrocketed as biogas becomes an important fuel of the future. RNG is a carbon-neutral fuel that is interchangeable with natural gas, but understanding their differences is critical to bridge the gap for successful system-wide integration—from safe pipeline injection to final use.

How is gas quality assessed? How does it compare with pipeline natural gas?  Where is it being used? In this session, GTI will cover critical questions and share the latest insight on how renewable methane can help with decarbonization.

Register now or learn more at https://www.gti.energy/techtalk/