Right up until the global economy stopped in March, the voluntary carbon offset market was surging. In 2019, offset sellers saw a five-fold increase in purchases, after years of low demand in the wake of the 2008 financial crisis.

Flight-shamed consumers were demanding them. The world’s top companies were buying them in record numbers. And a new range of startups are using new methods to track the carbon reductions behind them.

Then came the coronavirus shock. The steep drop in fuel and electricity consumption has slowed consumer demand for carbon offsets in the short-term. But there are still underlying trends that may herald the return of carbon

The shipping industry is charting a new route toward cutting fossil fuel use in ocean-going vessels: ammonia.

To date, no ammonia-fueled ships have been built, but that’s not stopping companies including Equinor, MAN Energy Solutions and Wärtsilä from rushing to help bring ammonia-fueled ships to market.

Moves to adapt engines and ship designs to ammonia fuel are driven by a 2018 International Maritime Organisation (IMO) commitment to cut international shipping’s annual greenhouse gas emissions by at least 50 percent by 2050, compared to 2008 levels.

“Making the target a reality means getting commercially viable deep-sea zero-emission vessels into operation by 2030,” said Katharine Palmer, global head

By any measure, 2019 was a breakout year for energy storage in the U.S. Fueled by improved economics, increased demand for resilience, and the ever-increasing integration of intermittent renewable generation, energy storage installations hit an all-time high of 522 megawatts/1,113 megawatt-hours last year.

Though coronavirus-related supply chain disruptions, macroeconomic damage and uncertainty have lowered 2020 installation forecasts, analysts remain bullish on the longer-term prospects of storage. According to Wood Mackenzie Power & Renewables, global installations will reach 15 gigawatts per year by 2024.

The explosive growth of storage is reminiscent of solar and wind, both of which have become mainstream generation sources thanks to dramatically improved economics,

Global deployment of renewable energy in 2020 will fall short of last year's tally, the first interruption of year-on-year growth in nearly two decades, according to the International Energy Agency.

New data from the IEA released Wednesday reaffirms earlier forecasts of lower wind and solar installations in 2020 due to coronavirus impacts. Supply chain bottlenecks, social distancing requirements and, in some cases, financing hold-ups, have made project delivery tougher.

The IEA has trimmed 15 percent from its solar outlook and now expects 90 gigawatts of new capacity built this year, down from 110 gigawatts last year. The global solar market will rebound in 2021 but will still fall short of

Pacific Gas & Electric is turning to a decidedly low-tech solution to keep its customers’ lights on for this year’s coming fire season: mobile diesel generators. 

The bankrupt utility is struggling to secure its grid from causing more deadly wildfires, and has been stymied in attempts to set up natural gas-backed microgrids to power substations during fire-prevention blackouts. But California regulators are adamant that PG&E find a more permanent and less costly and polluting backup plan in the years ahead — even if it’s not clear yet what form it may take.    

On June 11, the California Public Utilities Commission plans to vote on a proposed decision that would greenlight PG&E’s

The renewable energy asset class in the U.S., particularly solar and wind projects, is something of a safe haven for investors looking for non-correlated, stable, dollar-denominated long-term cash flows. But the solar market, like every sector of our economy, is changing amid the COVID-19 pandemic.

It is tempting to collapse these changes into a simple takeaway, “tax equity is fine” or “rates haven’t changed." But the $20+ billion financial market supporting the solar industry is anything but simple, and COVID-19 will have different impacts on different segments of the industry and different players within those segments.

Here's how we see COVID-19 impacting the different parts of the capital stack.

Wireless electric vehicle charging carries a whiff of the future, like flying cars. But HEVO, a Brooklyn-based startup, aims to make it part of the present by emerging from obscurity with a commercially ready wireless charger this year.

The company has designed a ground-mounted pad that beams electricity up to a car-mounted receiver to wirelessly charge it. Now, the product is about to enter low-volume production at a contract manufacturing facility in Austin, Texas, which will serve the 200 unit orders HEVO received in the first quarter.

HEVO closed a $5.5 million Series A-1 in late April and has another round in the works. With that funding and just 10 employees, the company is going

Four years after the Block Island project first put wind turbines in American waters, the second U.S. offshore wind farm is about to rise 30 miles off Virginia Beach, and it’s happening in the middle of a pandemic.

With two turbines, the Coastal Virginia Offshore Wind project is tiny; and with a price tag of $300 million, it’s expensive for a generation facility of its size. But Dominion sees the 12-megawatt Coastal Virginia pilot as a critical stepping-stone to its planned multi-gigawatt offshore wind empire in the Mid-Atlantic region, says Mark Mitchell, the utility’s head of generation projects.

After years of permitting and preparation, the installation of the turbines and their foundations