Just In! is NY-GEO’s weekly news feed for members. NY-GEO’s calendar-year memberships are open to everyone and available for as little as $35. See more information on memberships here. Click here to see some of the work a NY-GEO membership supports. We also feature three of the top news item summaries on the NY-GEO home page every Monday.
Jigar Shah – Getting Smart Appliances To Low-Income Americans – How the DOE could marshal its loan guarantees to decarbonize the grid and boost energy equity in one fell swoop – Jeff St. John – Canary Media – Jigar Shah, head of the Department of Energy’s Loan Programs Office (LPO), “sees … homes and businesses… can shift when they use power to better match the variability of…wind and solar power — a form of ‘grid-responsive’ demand that could play a major role in balancing an increasingly clean-powered electricity supply….’We can insert ourselves there and help people get 6…or 7 percent interest rates,’ Shah said. ‘But in exchange, they have to opt in their air-conditioning system [or heat pump] into a distributed energy resources project and…get paid to provide grid flexibility.’ Full article here.
The Oil And Gas Industry Is Facing A $3.3 Trillion Stranded Asset Nightmare – By Tsvetana Paraskova – Oil Price.com – Nov 23, 2021 – “The largest international oil and gas firms wrote down assets worth $150 billion last year when prices crashed with the demand slump in the pandemic. Despite the fact that this year’s oil prices are now nearly double compared to the 2020 average, the energy industry faces additional impairments in the coming years and decades, this time due to the investor pressure to slash emissions and start accounting for changes to energy demand in the transition to low-carbon sources.” Full article here.