The United States consumed a record amount of renewable energy in 2020 – Today in Energy – US Energy Information Administration

June 16, 2021


In 2020, consumption of renewable energy in the United States grew for the fifth year in a row, reaching a record high of 11.6 quadrillion British thermal units (Btu), or 12% of total U.S. energy consumption. Renewable energy was the only source of U.S. energy consumption that increased in 2020 from 2019; fossil fuel and nuclear consumption declined. Our U.S. renewable energy consumption by source and sector chart shows how much renewable energy by source each sector consumes.

We convert sources of energy to common units of heat, called British thermal units (Btu), to compare different types of energy that are usually measured in units that are not directly comparable, such as gallons of biofuels compared with kilowatthours of wind energy.

We use a fossil fuel equivalence to calculate primary energy consumption of noncombustible renewables (wind, hydro, solar, and geothermal), which are not burned to generate electricity and therefore do not have an inherent Btu conversion rate. In this approach, we convert the noncombustible renewables from kilowatthours to Btu using the annual weighted-average Btu conversion rate for all fossil fuels burned to generate electricity in the United States during that year to estimate the amount of fossil energy replaced by these renewable sources.

We use the fossil fuel equivalency approach to report noncombustible renewables’ contribution to total primary energy, in part, because the resulting shares of primary energy are closer to the shares of generated electricity. This calculation also represents the energy that would have been consumed if the electricity from renewable sources had instead been generated by a mix of fossil fuels.


Wind energy, or electricity generated by wind-powered turbines, is almost exclusively consumed in the electric power sector. Wind energy accounted for about 26% of U.S. renewable energy consumption in 2020. Wind surpassed hydroelectricity in 2019 to become the single most-consumed source of renewable energy on an annual basis. In 2020, U.S. wind energy consumption grew 14% from 2019.

Hydroelectric power, or electricity generated by water-powered turbines, is almost exclusively consumed in the electric power sector. It accounted for about 22% of U.S. renewable energy consumption in 2020. U.S. hydropower consumption has remained relatively flat since the 1970s, but it fluctuates with seasonal rainfall and drought conditions.

Wood and waste energy, including wood, wood pellets, and biomass waste from landfills, accounted for about 22% of U.S. renewable energy consumption in 2020. Industrial, commercial, and electric power facilities use wood and waste as a fuel to generate electricity, produce heat, and manufacture goods.

Biofuels, including fuel ethanol, biodiesel, and other renewable fuels, accounted for about 17% of U.S. renewable energy consumption in 2020. U.S. biofuel consumption fell 11% from 2019 as overall transportation sector energy use declined in the United States during the COVID-19 pandemic.

Solar energy accounted for about 11% of U.S. renewable energy consumption in 2020. Solar photovoltaic (PV) cells, including rooftop panels, and solar thermal power plants use sunlight to generate electricity. Some residential and commercial buildings use solar heating systems to heat water and the building. Overall, 2020 U.S. solar consumption increased 22% from 2019.

Principal contributor: Mickey Francis

The internet consumes extraordinary amounts of energy. Here’s how we can make it more sustainable

Around 4.6 billion people use the internet every day. In fact, 350,000 tweets have been sent in the past minute. We tend to think of the internet as something ephemeral – partly thanks to terms like “web” and “cloud” – but the servers that host all that data produce huge amounts of emissions, leaving giant carbon footprints behind.

Today, there are around 30 billion internet-connected devices in the world. This includes personal computers, smartphones, TVs, and tablets, as well as myriad devices using the internet in subtler ways – like smart vehicles, smart home systems and smart watches – termed the Internet of Things.

Such internet-connected technologies are already playing a key role in the transition to a cleaner energy future; for example, home smart meters being rolled out across many countries help monitor and therefore reduce household energy usage. But as we rely on the internet to process, use and store ever more data, the power it uses is increasing. For the sake of our planet, we need to make the web more sustainable.

Energy-sucking servers

Research estimates that by 2025, the IT industry could use 20% of all electricity produced and emit up to 5.5% of the world’s carbon emissions. That’s more than most countries’ total emissions bar China, India and the US.

A growing proportion of IT energy consumption comes from data centres. These are buildings used to store data and computer hardware, which almost always plug directly into the local electricity grid. In most countries, that means they mostly use non-renewable sources of electricity.

Around 50% of data centres are now “hyperscale”, meaning they contain more than 5,000 servers and are generally larger than 1,000m². These are typically used by major players in the data industry such as Microsoft Azure, Google Cloud or Amazon Web Services (AWS) – which alone hosts 5.8% of all sites on the internet.

Rows of black boxes linked by orange cables flank a corridor where two people inspect a box
Much of the world’s internet data are stored in servers like these.
Science in HD/Unsplash

A number of these data centres have been trying to reduce their environmental impact and, in the process, to secure lower energy bills. Google have announced their goal to achieve 24/7 renewable energy-powered data centres by 2030, and their first such data centre became operational last year near Las Vegas. To run such centres solely off renewable energy, locating them in regions with abundant wind, solar, geothermal or hydroelectric power available is vital.

The past decade has seen another trend emerge: renewable energy-powered web hosting. Increasing numbers of website owners are choosing to pay platforms like AWS for space to store files on giant web servers.

In an attempt to diminish the environmental impact of all that energy usage, some choose to purchase offsets – payments that theoretically compensate for carbon emissions by supporting low-carbon energy generation – whilst others purchase energy from renewable sources to match their total energy consumption.

Meanwhile, a growing number of businesses have installed renewable energy systems such as solar panels or wind turbines with battery backups to directly power IT infrastructure.

Building a sustainable internet

As the internet grows, I’ve been looking into ways to build greater sustainability closer to home. Designing less energy-intensive websites could be an interesting way to start.

Each user who logged onto The Conversation today generated around 1.3g of CO?, depending on their location and connection speed. That’s not too bad: although not as good as Google, whose relatively minimalist homepage only generates around 0.2g per visit, it’s far better than the Daily Mail’s image-heavy online homepage generating a whopping 54.0g per visit.

Considering the latter two websites receive around 5 billion and 300 million visits per day respectively, it’s easy to see how our internet-generated carbon emissions add up. If you’re curious about the footprints of other websites, Website Carbon is a simple resource for estimating the CO? a website produces.

Web designers could embrace minimalism, helping to reduce the energy required to load images, video and even specialised fonts that all require extra, sizeable files. Of course, this would make for a much less engaging internet experience.

Could sun power the web?

Another potential solution for surfing more sustainably is offered by initiatives like Solar Protocol and the Low Tech Magazine. These ingenious websites are entirely powered by solar energy. Their environmentally friendly, responsive web design strategies – including reduced-colour images and default typefaces – allow their websites to run more efficiently based upon real-time assessment of available sunlight.

Solar Protocol, for example, runs via a network of solar servers located across the globe. When a user visits the site, their content is delivered from the server receiving the most solar energy at that time. The resolution of the website is also dynamically altered according to the energy being generated by the solar panel.

A house with solar panels mounted on its roof
Local solar panels could be a solution to increasing internet sustainability.
Vivint Solar/Unsplash

When the solar energy or battery level falls below a specific threshold, due for example to a cloudy day, the websites become low-resolution. They could even revert to a basic, text-only format when the clouds have truly closed in and power is particularly low.

The challenge designers and engineers face is to scale on-site energy generation technologies like these to help run the enormous number of sites on the web. Subtle changes to images or page resolution, made during periods of low wind or solar generation, could have significant effects on energy consumption – but go unnoticed by users.

For businesses, the benefits of using tech like this include not only reduced energy costs but enhanced business reputation, thanks to increased public concern around sustainability. Over 40% of UK businesses already generate some of their electricity on site through solar panels or wind capture.

The largest solar farm in the UK, in Flintshire, Wales, is mostly used for generating power for a nearby paper mill. So the next step of powering commercial websites from locally-owned, renewable-driven servers might not be such a radical step.

Converting Dairy Waste to Renewable Energy and Clean Water

Leyline Renewable Capital announced a partnership with PurposeEnergy to facilitate the development of the SAINT project in St. Albans, Vt., that will anaerobically convert industrial food waste, including Ben Jerry’s high-strength dairy waste and depackaged ice cream, into 1 MW of renewable energy and clean water.

Leyline Renewable Capital, a leading provider of pre-construction debt and equity capital for renewable energy development.

PurposeEnergy, a developer that designs and operates industrial wastewater treatment systems that convert organic residuals into renewable energy and clean water.

The SAINT project will break ground this year and start processing ice cream waste in fall 2022. Once in operation, the project will generate enough renewable energy to power approximately 1,000 Vermont homes and will sequester phosphorus, preventing it from entering the Lake Champlain watershed. Excess phosphorus can cause algae blooms, reduce water clarity, create odor, and harm aquatic life, which reduce recreational use of the lake and impact tourism and the environment in the region.

PurposeEnergy will construct this anaerobic pre-treatment plant adjacent to the Ben Jerry’s production site, which will be connected via a buried three-inch pipe that will receive Ben Jerry’s byproducts for treatment, eliminating the need for hundreds of waste tanker trucks each year. In order to maximize power output from the digesters, PurposeEnergy will blend other feedstocks, including depackaged food waste, chocolate, and cheese byproducts, with the ice cream. As a result, other businesses in the community can also use the digesters to process their byproducts, while saving money and reducing their carbon footprint.

“PurposeEnergy hopes to revolutionize the way food and beverage production facilities process, utilize, and reclaim organic waste,” said Eric Fitch, founder and CEO of PurposeEnergy. “We are grateful that Leyline provided us with the critical capital we needed to get this project started, as well as the guidance we needed to initiate the SAINT project and help Ben Jerry’s manage its byproducts in a sustainable way.”

SOURCE Leyline Renewable Capital

Sustainable energy: the airports harnessing green energy

From duty free shop lighting to cooking equipment, cooling to ventilation, the running of airports equates to an average of 19.7 kilowatt-hours of electricity, and 34.7 thousand btu of natural gas, per square foot annually. Lighting and cooling use accounts for 46% of the overall energy use for an average airport, according to Business Energy Insider.

The importance to switch airport energy use away from the burning of fossil fuels is not only beneficial for airports when it comes to finances, but instrumental for the environment as well.

Introducing and implementing alternative, greener, energy sources such as air source heat pumps and solar is being utilised by airports worldwide. 

From producing all renewable energy onsite to sourcing external renewable energy providers to reach 100%, airports worldwide are making the switch over to greener, cleaner fuel use. 

 

Creating a sustainable power source with Melbourne Airport

Melbourne airport being recognised for its sustainable approach, after the recent completion of a solar farm spanning around 192,000 sq m, which is the equivalent of 26 football pitches. The solar farm is currently one of the nation’s largest installations, which took just six months to complete. 

Project construct took place during the down time brought about the Covid-19 pandemic. The solar farm will produce 17GWh of electricity annually – enough to power all four passenger terminals – which is projected to cover almost 15% of the airport’s energy consumption needs.

Alongside the new solar farm providing economic benefits when it comes to energy saving costs, the project is a step in the right direction to reducing the airport’s carbon footprint. 

Melbourne Airport chief of landside access, utilities and facilities group, Lorie Argus said in a press release: “With the airport’s electricity demand expected to grow, the construction of our solar farm makes sense for several reasons. The project is expected to deliver significant annualised energy cost savings, a timely benefit with the impacts of COVID-19 wreaking havoc on the aviation industry.

“We are committed to growing the airport in an environmentally, socially and economically sustainable way. This renewable energy project is another chapter in that story.”

Credit: Melbourne Airport.

 

Installing a massive solar farm next to a major airport presented challenges for the design and construction team. These challenges – which were addressed prior to construction commencing – included mitigating the reflected glare from solar panels into cockpits. To reduce the possibility of dazzling pilots, Melbourne Airport installed fixed ground racking systems. 

Another challenge which presented itself for the airport involved the surrounding wildlife to the airport, especially birds. Ongoing discussions around nesting and airports are frequently brought forward in airport planning meetings, however plants surrounding the solar farm were selected specifically to minimise bird roosting chances. Shrubbery planted around the solar farm are simple, and do not produce food for birds, like seeds and berries. 

 

Bristol airport turns 100% renewable

With the city of Bristol being named the UK’s most sustainable city by the environmental charity Forum for the Future in 2008, it is no surprise that the city and its airport are continuing to push an agenda that includes sustainable, environmentally-friendly energy. 

Bristol Airport recently announced that it has switched to a 100% renewable energy supply, an important step towards reducing their overall carbon footprint. The airport uses a combination of solar panels and air source heat pumps to power lighting and heating in the airport as well as renewable energy provided by global renewable energy supplier Orsted. 

Around 15% of the renewable energy is being produced by the airport itself with the remaining 85% being provided by Orsted. Bristol Airport’s infrastructure and development director, Andrew Goodenough said: “At the airport we’ve have about 5% of our energy being generated with solar. We’ve just had planning approved to expand this and double it. The good thing about solar is technology is improving on a daily basis.

“We put some panels in around the 18 months ago, and we’re just figuring the next lot of solar, which is the project we just got approval on. We can get 50% more output from the panels now than the ones we put in a few months ago.” 

 

Credit: Bristol Airport.

 

The airport is working towards increasing the amount of renewable energy it produces, and has published a carbon roadmap. It sets out how the airport aims to achieve its ambition to become net zero and carbon neutral by 2025.

“We’re working really hard behind the scenes to beat the targets that we put in our roadmap. Since then, we have embedded sustainability into strategic intense as well, so sustainability is in there,” said Goodenough.

“Sustainability is now is at the core of our business decisions going forward. We are very much looking at our sustainability, looking at the impact, looking at opportunities and looking at the best way that we can mitigate any impacts.”

 

Paving the way to a sustainable airport

Abu Dhabi International Airport has been harnessing the use of sustainable energy via another method – using passengers’ steps to power lights. Installed by UK-based Pavegen, the energy harvesting walkway tiles use electric-magnetic induction caused by steps to generate electricity.

The installation of the 16 sq/m pathway captures the footfall of around 2 million passengers per month, which is converted into electricity. 

This energy which is produced is used to power lighting along the walkways found between terminals 1 and 3 of the airport, as well as a screen to showcase how much energy is being sustainably produced. 

Through the initial collaboration with Pavegen, it is hoped Abu Dhabi Airport will further develop its commitment to sustainability and educating the airports passengers about sustainable energy sources.

With reducing environmental impact high on the agenda for many airports and organisations, the journey towards increasing renewable energy use and production within the industry is expected to be an area many will continue to develop. 

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Bitcoin Is Bad for the Environment. These Renewable Energy Stocks Can Help

Bitcoin (CRYPTO:BTC) is a big energy consumer, using an estimated 0.55% of all electricity generated in the world today, according to the Cambridge Center for Alternative Finance. And most mining is taking place in China, where coal is still the primary fuel source. 

If Bitcoin is ever going to clean up its environmental impact, it’ll need a lot of renewable energy to make it happen. That’s why we think renewable energy stocks Atlantica Sustainable Infrastructure (NASDAQ:AY), Brookfield Renewable Corporation (NYSE:BEPC), and First Solar (NASDAQ:FSLR) could all be contributors to Bitcoin being cleaner and make a nice profit along the way. 

Image source: Getty Images.

Sustainability is its name

Howard Smith (Atlantica Sustainable Infrastructure): Anyone who mines Bitcoin, or knows someone who does, has an idea of how much of a power sink those servers are. While Elon Musk recently raised concerns about the sustainability of the process to the forefront, it is just a piece of the green energy discussion that has been ongoing for some time. Whether it’s mining Bitcoin or even making steel, companies are moving to establish power agreements to increase the utilization of renewable energy. This movement plays directly into the business model of Atlantica Sustainable Infrastructure.

Image source: Getty Images.

Crypto mining is global, and Atlantica’s business is spread among North America, South America, and the Europe, Middle East, and Africa (EMEA) region. The company owns renewable energy installed generation capacity, efficient natural-gas-fired generation capacity, electric transmission lines, and water desalination plants. Any support for clean energy infrastructure, public or private, will be a potential growth opportunity for Atlantica.

Almost 75% of Atlantica’s revenue came from its renewables sector in 2020. And 2021 is starting out strong. The company made just over $300 million in equity investments in 2020, but in the first quarter of 2021, it already had agreed to $280 million in new investments, including the third-largest geothermal plant in the U.S. Subsequent to the end of Q1, it also announced an approximately $200 million investment for a 49% stake in a 600-megawatt wind portfolio in the U.S.

Investors, of course, are looking for green in more than just the energy companies use. In 2020, Atlantica grew its cash available for distribution by 5.5%, which accelerated to 7.6% year over year in 2021’s first quarter. Looking out to the medium term, management thinks it will grow distributable cash by 5% to 8%, giving investors good reason to expect past dividend growth to continue. The company’s dividend has increased about 50% in the last five years. Computing power takes energy. Regardless of the reasons, a push for sustainable energy generation plays right into the business of Atlantica Sustainable. 

Investing in a sectorwide growth story

Daniel Foelber (Brookfield Renewable Corporation): High electricity consumption is par for the course when it comes to Bitcoin mining. This is because one of Bitcoin’s greatest strengths, the management of its supply, is also the biggest reason why it is becoming a strain on the environment.

A finite supply of 21 million tokens paired with a 10-minute average mine time per Bitcoin block ensures that a surge or decrease in computing power doesn’t affect supply. This consistency is largely thanks to biweekly difficulty adjustments — part of the Bitcoin protocol — that make it easier or harder to mine Bitcoin. Put another way, the same number of Bitcoin blocks will be mined each day no matter if 10 GPUs are at work or 10 billion.

The reality is that Bitcoin’s electricity consumption could continue to rise as long as there’s profit to be made from mining more tokens. However, there’s reason to believe that crypto mining could actually contribute to the transition from fossil fuels to renewable energy. This is because Bitcoin mining offers a solution to the battery storage problem. On particularly sunny or windy days, solar and wind farms can put that excess energy to use by powering Bitcoin mining rigs. It sounds crazy, but if it means making a profit from an otherwise wasted energy source, then companies are likely to do it.

Brookfield Renewable Corporation would be one of the safest ways to benefit from the increased use of renewable energy. The company owns and operates renewable assets and power-generating facilities, finishing 2020 with a renewable capacity of around 18.8 gigawatts.

Its unlikely Brookfield Renewable will be able to increase its top line as fast as higher-growth names. But what it lacks in growth it makes up for via its track record of delivering market-beating returns and boosting its dividend. Shares of Brookfield Renewable yield 2.9% at the time of this writing. 

The solar leader

Travis Hoium (First Solar): As Howard and Daniel have pointed out, Bitcoin requires a lot of energy, and simply putting more renewable energy onto the grid will help clean up this cryptocurrency’s impact. One of the biggest and most profitable companies deploying new renewable energy assets is First Solar, the manufacturer of thin-film solar panels

Unlike most solar companies, First Solar has been profitable for most of the past decade (minus about a two-year period when it was upgrading factories) and has arguably the best balance sheet in the industry. At the end of 2021, management expects to have a net cash balance of $1.8 billion to $1.9 billion, which is incredible for a company with a market cap of $8.5 billion. 

FSLR Revenue (TTM) Chart

FSLR Revenue (TTM) data by YCharts

Management also just announced a $680 million investment in Ohio, which will increase solar panel production capacity by 3.3 gigawatts (GW) annually. This will increase U.S. capacity to over 6 GW and global capacity to over 11 GW. 

As the critical component to solar farms, solar panels will continue to be in high demand as renewable energy demand increases and Bitcoin plays a role in that. And if you’re going to invest in a solar manufacturer you might as well bet on one of the few companies that have proven the ability to make money long term. 

More cheap renewable energy

The theme here is that all of these companies are expanding the supply of renewable energy in the market. And that’s what Bitcoin needs if it’s going to clean up its operations. Bitcoin is one reason these stocks could have a long growth runway ahead. 

Cement giant LafargeHolcim is teaming up with GE’s renewables unit on wind turbine recycling

General Electric’s renewables unit and LafargeHolcim, the world’s biggest cement manufacturer, have struck a deal to explore the recycling of wind turbine blades.

A memorandum of understanding will see the companies focus on exploring “circular economy solutions.” Business practices connected to the notion of a circular economy have gained traction in recent years, with many companies around the world looking to operate in a way which minimizes waste. 

In a statement Thursday, the firms added they were looking into “new ways of recycling wind blades, including as a construction material to build new wind farms.”

The plans announced this week build on an already existing relationship between the two companies. Last June, GE Renewable Energy said it was going to partner with LafargeHolcim and another firm, COBOD International, to develop wind turbines that use 3D-printed concrete bases.

The issue of what to do with wind turbine blades when they’re no longer needed is a headache for the industry. This is because the composite materials used in their production can be difficult to recycle, with many blades ending up as landfill when their service life ends.

As governments around the world attempt to ramp up their renewable energy capacity, the number of wind turbines on the planet only looks set to grow. This will in turn increase pressure on the sector to find sustainable solutions to the disposal of blades.

Over the last few years, major players in wind energy have announced plans to try to tackle the problem. Just last week Denmark’s Orsted said it would “reuse, recycle, or recover” all turbine blades in its worldwide portfolio of wind farms once they’re decommissioned. 

In April, it was announced that a collaboration between academia and industry would focus on the recycling of glass fiber products, a move that could eventually help to reduce the waste produced by wind turbine blades.

Last December, GE Renewable Energy and Veolia North America signed a “multi-year agreement” to recycle blades removed from onshore wind turbines in the United States. And in January 2020, wind energy giant Vestas said it was aiming to produce “zero-waste” turbines by the year 2040.

Cornwall, home of the climate-themed G-7 summit, is embracing a push toward renewable energy

This year’s G-7 summit will be held in the county of Cornwall, a part of southwest England known for its stunning coastline, historic fishing communities and natural beauty.

As well as being a popular destination for tourists — the county’s beaches are thronged with holidaymakers during the summer — Cornwall is also becoming something of a hub for companies working on projects focused on renewables and innovation.  

This week, a number of these developments took significant steps forward. On Wednesday, British Prime Minister Boris Johnson installed the first solar panels at a facility described as the United Kingdom’s “first utility-scale energy park.”

According to energy firm ScottishPower, which is a subsidiary of Spain’s Iberdrola, 10,000 panels will be installed at the site. The 10 megawatt solar farm will supplement a 20 MW wind farm that’s already in operation and a 1 MW battery storage system.

ScottishPower said the energy park at Carland Cross — which is a short drive from Carbis Bay, a small coastal resort set to be the epicenter of the G-7 talks — would be able to generate enough energy “to power the equivalent of 15,000 homes.”

While Johnson is keen to be seen as someone who embraces renewables and prioritizes sustainability, the fact he flew to Cornwall rather than take an alternative form of transport drew stinging criticism from some quarters.

In a response to his detractors that was widely reported by the U.K. media, Johnson is quoted as saying: “If you attack my arrival by plane, I respectfully point out the U.K. is actually in the lead in developing sustainable aviation fuel, and one of the points in the 10 point plan of our green industrial revolution is to get to ‘jet zero’ as well.”

As well as wind and solar projects, Cornwall is also home to a fledgling geothermal energy sector. A company called Geothermal Engineering Limited is working on a number of projects, including a geothermal swimming pool in the town of Penzance.

The business is also developing the United Downs Deep Geothermal Power Project near the town of Redruth.

Focused on the creation of a geothermal power plant, the United Downs project has been years in the making and is centered around two wells which are 5,275 and 2,393 meters (17,306 and 7,851 feet respectively) deep.

On Monday, a firm called Cornish Lithium announced it had successfully built a geothermal water test site at United Downs. The company’s aim is to trial direct lithium extraction technologies on shallow and deep geothermal waters.

In a statement issued alongside the announcement Cornish Lithium’s CEO, Jeremy Wrathall, said his company’s test site at United Downs provided it with “an opportunity to demonstrate what modern, low-carbon mineral extraction looks like.” The results, he added, would “inform the development” of a larger pilot plant.

As sales of electric cars increase and the planet’s hunger for tech grows, materials such as lithium will be important in the years ahead, a point Cornish Lithium makes on its website.

“As vital components of batteries used for electric vehicles and energy storage,” it says, “the potential opportunity to extract metals such as lithium, tin and cobalt in Cornwall could represent a significant strategic advantage for the United Kingdom.”

While Cornwall is home to a number of land-based energy projects, nearby waters also offer scope for development.

In April, for instance, it was announced that a research project focused on the potential of tidal, wave and floating wind technology had secured support from Marine-i, a program centered around innovation in areas such as marine energy.

The project will be based on the Isles of Scilly, an archipelago located off the Cornish coast, and led by Isles of Scilly Community Venture, Planet A Energy and Waves4Power.

According to Marine-i, which is part-funded by the European Regional Development Fund, the overarching aim of the Isles of Scilly project is to “build a new databank of wave and tidal resource data.”

This data will include information on a range of metrics including wave height, wind speed and tidal stream velocities.

Using Public-Private Partnerships to Convert Municipal Waste into Renewable Energy (Gases) | ACT News

As states develop policies to divert organic waste from landfills, municipalities must develop solutions to meet these requirements. By leveraging public-private partnerships, local agencies that manage wastewater and solid waste can retrofit existing infrastructure to cost effectively process organic wastes.  The result? Less waste in landfills, increased low carbon RNG and organic fertilizer, and more sustainable communities.

Watch this 75-minute Renewable Gas 360 webinar recording to hear industry leaders:

  • Describe the organic waste diversion mandates being implemented across state and federal levels
  • Share case studies highlighting successful public-private partnerships within the wastewater and municipal solid waste sectors
  • Discuss innovative technologies and solutions that complement the public sector’s efforts in landfill diversion and renewable gas generation

 

 

____________________________________________________________________________________________________

Renewable Gas 360The Renewable Gas 360 webinar series will provide continuous curriculum on the critical role renewable gases—renewable hydrogen, methane, propane and syngas—can play in helping states reduce greenhouse gas emissions and achieve carbon neutrality.

The webinar series is hosted by SoCalGas, Propane Education Research Council, and Pacific Gas Electric. Sponsors include Anaergia, the Bay Area Air Quality Management District, Bloom Energy, BP, California Natural Gas Vehicle Partnership, CRR, Fuel Cell Energy, GTI, Ingevity, Meridiam, NW Natural, Shell, South Coast Air Quality Management District, Southwest Gas, and SunGas Renewables.

The webinar series is co-produced by ACT News, GNA, and the Bioenergy Association of California. Endorsing organizations include Advanced Power Energy Program at UC Irvine, American Biogas Council, California Fuel Cell Partnership, California Hydrogen Business Council, California Stationary Fuel Cell Collaborative, Climate Resolve, the Coalition for Renewable Natural Gas, Energy Vision, Fuel Cell Hydrogen Energy Association, and Green Hydrogen Coalition.

5 Green Energy Stocks To Watch Today


This story originally appeared on StockMarket

Top Green Energy Stocks To Watch In The Stock Market Today

As the world continues to fight against the effects and causes of climate change, the green energy sector could flourish. Understandably, this would result in investors turning their radars towards the top green energy stocks in the stock market today. Indeed, global green initiatives would contribute towards the current momentum seen in the renewable energy industry now. From zero-carbon aspirations to the prominent rise in the electric vehicle (EV) market, investors and companies alike stand to benefit. Across the board, we can see that this is the case now.

Whether it is solar energy companies like Enphase (NASDAQ: ENPH) or hydrogen players such as Plug Power (NASDAQ: PLUG) investors are spoilt for choices. On one hand, Enphase reported solid figures in its recent quarter fiscal posted back in April. In it, the company posted year-over-year gains of 46% in total revenue and 171% in cash on hand. On the other hand, investors appear bullish on hydrogen-based green energy names like Plug Power. According to investment banking firm, UBS (NYSE: UBS), hydrogen is among the “major contributing forces in helping decarbonize the world”.

By and large, both ENPH stock and PLUG stock have more than doubled in value over the past year. With all that said, you might be interested to add some of the top green energy stocks to your portfolio. Should that be the case, here are five worth knowing in the stock market now.

Top Green Energy Stocks To Watch Now

Gevo Inc.

Gevo is a renewable chemical and advanced biofuels company that is based in Colorado. It transforms renewable energy and carbon into energy-dense liquid hydrocarbons. They are then used for drop-in transportation fuels such as gasoline, jet fuel, and diesel fuel. When burnt, it has the potential to yield net-zero greenhouse gas emissions when measured across the full lifecycle of the products. GEVO stock is up over 16% during Monday’s trading session and currently trades at $8.89 as of 1:44 p.m. ET.

top green energy stocks (GEVO stock)
Source: TD Ameritrade TOS

Last month, the company reported its first-quarter 2021 financial results. In it, the company announced plans for its innovative, world-class, and novel Net-Zero 1 Project to be located in Lake Preston, South Dakota. Net-Zero 1 is expected to produce 45MGPY of energy-dense liquid hydrocarbons. Gevo also says that it has begun construction of its renewable natural gas project in Northwest Iowa.

In February, the company also signed an amendment to its Fuel Sales Agreement with Scandinavian Airlines System for sustainable aviation fuel. The volume in the amendment is 5 million gallons per year and is expected to be worth $100 million of revenue across the life of the contract. For these reasons, is GEVO stock worth buying?

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Ford Motor Company

Ford is a multinational automaker that is headquartered in Michigan. The company has recently announced the details for its Ford+ plan for long-term growth and value creation. Diving in, the company expects 40% of Ford’s global vehicle volume to be all-electric by 2030. It has also raised electrification spending to over $30 billion by 2025. This would also include the development of IonBoost batteries. F stock currently trades at $15.68 as of 1:44 p.m. ET and is up by over 80% year-to-date.

green energy stocks (F stock)
Source: TD Ameritrade TOS

Last week, the company reported its May 2021 sales highlights. In it, Ford reported that its electrified vehicle sales grew by a whopping 184% in May, achieving a new sales record with sales of 10,364 vehicles. Growth came from its Mustang Mach-E, which totaled 1,945 vehicles. The company says that new products continue to drive transaction pricing. Its sales were up overall by 4.1% on tight inventories. The company has also been receiving a large number of reservations for its all-electric F-150 lightning over the last few weeks, totaling over 70,000 trucks. Given the excitement surrounding the company’s electrification plans, will you consider buying F stock?

Read More

Tesla Inc.

Tesla is a green energy company that creates electric vehicles and battery energy storage. The company is one of the fastest-growing green energy companies in the world. In 2020 for instance, Tesla had the highest sales in the plug-in and battery electric passenger car segments. TSLA stock currently trades at $589.35 as of 1:45 p.m. ET and is up by over 200% in the last year.

best green energy stocks (TSLA stock)
Source: TD Ameritrade TOS

For its first quarter, the company achieved its highest-ever vehicle production and deliveries. GAAP net income for the quarter was $438 million while non-GAAP net income surpassed $1 billion for the first time in its history. Model 3 was the company’s best-selling sedan in the world and production ramp of Model Y in Shanghai is progressing well. All things considered, will you buy TSLA stock?

[Read More] Best Airline Stocks To Buy This Week? 3 To Watch

Daqo New Energy Corporation

Another top green energy player to know now would be the Daqo New Energy Corporation (DQ). For some context, DQ is a Chinese company that operates in the solar energy industry now. Specifically, the company engages in the manufacturing of monocrystalline silicon and polysilicon. The likes of which are used in solar photovoltaic systems. Simply put, DQ produces core components of solar cells that serve as light-absorbers. Given the relevance of its operations in the solar energy market now, I could see investors eyeing DQ stock. As it stands, the company’s shares are up by over 500% in the past year. DQ stock currently trades at $74.98 a share as of 1:45 p.m. ET.

best green energy stocks to buy now (DQ stock)
Source: TD Ameritrade TOS

On the financial front, DQ continues to turn heads as well. In its recent quarter fiscal posted last month, the company saw green across the board. Notably, DQ saw year-over-year surges of 51% in total revenue and 150% in net income for the quarter. To investors’ delight, the company also saw its earnings per share skyrocket by 144% year-over-year. Moreover, DQ ended the quarter with $167.05 million in cash on hand, marking a 164% jump from the same quarter last year. Given all of this, would you consider DQ stock a top buy now?

[Read More] 4 Robotics Stocks To Watch Amid Rising Shifts To Automation

General Motors Company

Following that, we will be looking at legacy automaker, General Motors (GM). Sure, most would not immediately think of GM when on the topic of green energy companies. However, the company has and continues to bolster its EV offerings, which would go a long way in helping reduce U.S. carbon emissions. Adding to that, GM is also planning to be a carbon-neutral company by 2040. This would show its commitment towards supporting President Joe Biden’s climate agenda now.

green energy stocks to buy now (GM stock)
Source: TD Ameritrade TOS

More importantly, GM stock is currently trading at $62.68 a share as of 1:45 p.m. ET. This would indicate gains of over 105% in the past year. If anything, GM appears to be making waves in international EV markets as well. The company’s joint venture with two state-backed China automakers aims for annual sales of 1.2 million electric vehicles next year. Is GM stock a top green energy stock to consider buying right now for these reasons?

How Asia’s ‘first lady of coal’ says she’s working on a sustainable future

Coal is one of the world’s biggest polluters, with its transportation, storage and usage accounting for around 40% of the world’s greenhouse gas emissions, according to the United Nations.

One executive who says she wants to help reduce the Asia-Pacific region’s dependence on the fossil fuel is Somruedee Chaimongkol, chief executive of energy firm Banpu Public Company. The company has operated coal mines in Thailand for almost four decades.

Sometimes known as Asia’s “first lady of coal,” Chaimongkol became CEO of the company since 2015 and established what she called a “greener, smarter” business plan for the firm the following year.

“Since 2010, we talk about transformation. And since 2015, when I succeed my predecessor as CEO, we start to implement on the greener, smarter [plan]. For the past five years, we spent $2 billion and 90% of [that went on] … a greener investment, such as gas, such as renewable energy, and energy technology,” Chaimongkol told CNBC’s “Managing Asia: Sustainable Future.”

“[There are] a lot of mega trends happening — digitalization, decarbonization, decentralization — and that sped up Banpu to produce a new, greener, smarter strategy,” she added.

Founded in 1983, Thailand’s Ban Pu Coal Company Limited began its operations in the country’s northern Lamphun Province and listed on the Thai stock exchange six years later. In 1993, it took on its current trading name, and in the following years expanded into other parts of Southeast Asia and China.

Last year it established Banpu Next, which encompasses its energy technology businesses including electric vehicles, renewable energy plants and electric ferries.

Banpu’s 2020 annual report indicates that coal accounted for more than 95% of Banpu Public Company Ltd’s revenue in 2020, a figure more or less in line with 2019. The same annual report shows that including the company’s overseas subsidiaries, coal accounted for more than 80% of total revenue.

The company has been buying up natural gas assets in the United States for the last several years.

In March, the firm said it wants to make half of its earnings from “green” energy by 2025.

“We are adding more rapidly on the renewable generation in Japan, Vietnam and in China … And we have set up Banpu Energy Australia,” Chaimongkol said.