This Week in Climate & Clean Energy Wins: Week of 10/23/23


$18.5 Billion$824 Billion150MW
The amount of energy savings produced by a DOE building energy efficiency initiative.The projected value of the electric vehicle market by 2030.The amount of domestic geothermal and solar assets purchased by a Nevada-based clean energy company. 

This week in private sector news, Ormat Technologies announced they will acquire a 150MW portfolio of geothermal and solar assets for $271 million – a purchase that includes 6 different projects. As part of the “Mission Possible Partnership,” 20 companies are teaming together to deliver clean hydrogen across the Atlantic by 2026, and 3 million tons per year by 2030. 

The International Energy Agency (IEA) released a report that predicts the demand for oil and gas will peak before 2030 – particularly as emerging clean energy policies are ushering in an end to the fossil fuel era. “Taking into account the ongoing strains and volatility in traditional energy markets today, claims that oil and gas represent safe or secure choices for the world’s energy and climate future look weaker than ever,” the IEA said. The White House shared new data analysis that projects clean power generation spurred employment in every state and the District of Columbia last year. New numbers from Allied Market Research show that the EV market could reach an estimated $823.75 billion by 2030.

This week, the Department of Energy (DOE) released a report summarizing the achievements of its Better Buildings Initiative, which has resulted in $18.5 billion in energy savings since its inception. The U.S. Department of Commerce’s Economic Development Administration (EDA) announced more than 30 tech hubs across the country to focus on clean energy and other emerging tech markets. Early in the week, Secretary of the Interior Deb Haaland rounded out her visit to Alaska, where she was touting Biden Administration Investing in America benefits in the state – including over $5.3 billion in funding for climate goals and resiliency efforts. In the first contract of its kind, the Biden Administration committed to powering federal facilities in Arkansas with locally supplied 100% clean power

Lastly, a group of Senators introduced legislation to help state, local and Tribal governments accelerate the permitting and inspection process required to install home energy systems across the country. In Pennsylvania, the state could be receiving up to $100 million to help build a climate ready electric grid. In New York, officials announced the state has awarded contracts to three offshore wind projects as part of a massive renewable energy procurement that will provide 12% of the state’s power needs by 2030. 

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