Using financial data from 1,833 firms with US revenues of more than $1 billion in 2008/09, independent analyst firm Verdantix finds that spending on 29 sustainability initiatives will grow from $28 billion in 2010 to $60 billion in 2014. Over the 2009 to 2014 period the US sustainable business market will experience a 19% compound annual growth rate. The sustainable business market forecast finds that growth of 11% in 2010 will increase to 16% in 2011 and 24% in 2012. Growth in spending is driven by improved economic growth, risk drivers, competitive dynamics, innovation diffusion, higher oil prices, state-level GHG regulations and renewable energy policies. The study covers all industries and all sustainability initiatives from energy efficiency to spending on strategy, risk and brand.
Demand Response is an increasingly popular component in addressing our nation’s aging electrical grid. Currently a fragmented market, Demand Response will be experiencing consolidation and growth as more businesses implement programs to achieve cost reduction and energy savings.
California’s biggest utility PG&E is seeking approval from state regulators for a power purchase agreement with Solaren Corp., a Southern California company that has contracted to deliver 200 megawatts of clean, renewable power over a 15 year period, beginning in 2016. Power from out of this world, that is. Solaren says it plans to generate the power using solar panels in earth orbit, then convert it to radio frequency energy for transmission to a receiving station in Fresno County. From there, the energy will be converted to electricity and fed into PG&E’s power grid. UPDATE: The California Public Utilities Commission gave its approval yesterday to the project giving it the green light to proceed.
Pacific Gas and Electric Company (PG&E), one of the largest combination natural gas and electric utilities in the United States and based in San Fransisco, CA announced that it has contracted with Iberdrola Renewables, Inc., the U.S. arm of the world’s largest provider of wind power, to purchase and operate a major wind generating plant to be built in Southern California to serve the utility’s electric customers.
Lobby groups are ramping up opposition to the Obama administration’s climate change plans, however not all their plans are perfect. In these difficult times it’s vital that companies stand up for what they believe in. Too often over the past 15 years, many firms have said one thing in public, and then allowed their lobby groups to do the ‘dirty work’ of lobbying in short term financial interest for them. This is not always true of course. Sometimes NGOs have said this was happening when it may well not have been, such as in the case of Starbucks a few years ago. But in the case of climate change, we are seeing some very aggressive lobbying indeed. No doubt. And one group, the powerful US Chamber of Commerce, is really going way too far.
Senior members of the US Chamber of Commerce are strdently opposing the Chamber’s position of opposition to climate policy. These organizations are eager “to boost their green credentials,” for fear of alienating their customers and senators. This is an indications that Social movements shape political power and concerned citizens, can move even the most entrenched corporate and political interests. NRDC research finds that “only 23 members of the U.S. Chamber’s board have a publicly stated position on climate change and more than 80 percent [19 members] are not on board” with the Chamber’s official position.
Today, Newsweek launched a ranking of the greenest companies in America in its current issue and Hewlett-Packard took top honors. The Newsweek Green Rankings is the first-ever report based on companies’ actual environmental footprint, policies and practices. The twelve-page report in the September 28 issue, features a green ranking of America’s 500 largest publicly-traded companies as measured by revenue, market capitalization and number of employees. On Newsweek.com, users can search and sort the data in several ways, analyze the detailed methodology of the study and submit and review comments.
Smart meters, which are meters that are hooked up to a network so that they can deliver information about current usage in a timely manner, are rapidly becoming ubiquitous. Smart meters will enable real time energy decisions in response to current conditions. They form a critical cornerstone of the smart grid; in fact in many ways they are the “smart” in the smart grid. This opens up a whole slew of new opportunities for smart software developers and smart entrepreneurs [no pun intended] to build the software applications and services to support and to add value to these new smart networked grids. What kinds of software opportunities exist in this newly opening sector?
