Dani Phuong Ton’s Post

We are thrilled to announce that BlackRock’s Climate Infrastructure business has partnered with Google, via our portfolio company #NewGreenPower, on decarbonization initiatives and solar energy in Taiwan. The rapid increase in data usage and emerging technologies such as artificial intelligence highlights the need for enhanced digital infrastructure, underscoring the importance of renewable and efficient energy solutions. This partnership will enable the development of our solar assets in Taiwan, while supporting Google’s data centres and energy goals. We are proud to partner with Google to provide a scalable and sustainable solution for their operations in Taiwan, while deepening our footprint in the transition to clean energy in Asia Pacific and Taiwan. Learn more: https://1blk.co/3L2WbHo

#RenewableEnergyNews🔌Google’s new partnership with BlackRock’s Climate Infrastructure business, adding 1 GW of solar capacity to Taiwan's grid. What a great partnership and initiative, but what does this mean? 🫱🏻🫲🏽 This collaboration includes capital investment in New Green Power, a Taiwanese solar developer, facilitating large-scale solar projects, and meeting Google’s data centre electricity demands. 🌏 This effort aims to overcome regional challenges, reduce reliance on fossil fuels, and promote clean energy across Asia Pacific. ☀️ This initiative supports Google’s 2030 net-zero emissions goal, demonstrating corporate leadership in sustainable energy and regional development. This move reflects the crucial role companies have in tackling energy challenges, reducing fossil fuel reliance, and advancing global renewable energy. #RenewableEnergy #NetZero #Sustainability #CleanEnergy #Google #BlackRock #Solarproject

🌏 Google and BlackRock: Accelerating Clean Energy in Asia Pacific 🌞 Google is excited to announce a groundbreaking partnership with BlackRock’s Climate Infrastructure business to develop a 1 GW pipeline of new solar capacity in Taiwan. This collaboration supports our ambitious goal to achieve net-zero emissions across all operations and value chain by 2030, powered by 24/7 carbon-free energy on every grid we operate. 📌 Strategic Partnership: Google and BlackRock are teaming up to build 1 GW of solar projects in Taiwan, leveraging our combined expertise and resources. 📌Current Situation vs. Future Impact: 　■ Before: Fossil fuels, including imported coal and natural gas, generate nearly 85% of Taiwan’s electricity. 　■ After: Significant increase in renewable energy from solar power, drastically reducing reliance on fossil fuels and cutting carbon emissions. 📌How to Make These Changes: Investment in solar projects, procuring up to 300 MW of solar energy through PPAs, and policy advocacy to support grid decarbonization. 📌Results After Achieving This Goal: Cleaner energy grid in Taiwan, reduced carbon footprint, and enhanced energy security and economic savings. 📌Broader Goals: Offering clean energy capacity to semiconductor suppliers to help reduce indirect emissions and drive regional decarbonization. 🔗 https://lnkd.in/gzVM5kRP #Google #BlackRock #RenewableEnergy #SolarPower #Sustainability #NetZero #Decarbonization #EnergyTransition #AsiaPacific

This is good news. But the real news is why isn’t the CPUC already pushing the IOUs to adopt grid enhancing technologies, lower cost alternatives to the biggest drivers of rate increases, capital intensive, overbuilt T&D infrastructure. And why is the CPUC creating barriers to distributed energy resource solutions, e.g., let’s see how they vote on the community solar proposal today, which if adopted will likely result in minimal distribution grid enhancing solar and storage.

Is the United States truly shifting toward clean energy one year after the Inflation Reduction Act? From the acceleration of renewables to the growth of battery storage, EVs, and the rise of domestic solar manufacturing, we are moving away from fossil fuels. However, the scale and speed required to remake our power systems to clean energy requires more action. Learn more about Enel's 3SUN USA and other players in the transition in this The New York Times story 👇

❇ Accelerating clean energy growth on the grid is urgent if we want to help keep the planet under 1.5°C of warming. And as more organizations set 24/7 carbon-free energy goals, clean energy transactions need to accommodate a wide range of buyers and sellers. 🔎 Therefore we introduced a new approach, co-developed with LevelTen Energy, to shorten the timeline for sourcing and executing clean energy power purchase agreements (PPAs) by about 80%. Our ambition was to more efficiently execute the way clean energy is bought and sold. ✔ Today, this ambition is already becoming reality. Within one year of introducing our new approach to the market, we’ve signed power purchase agreements (PPAs) for more than 1.5 gigawatts of clean energy capacity in North America and Europe — bringing us closer to our 2030 goal of running on 24/7 carbon-free energy on every grid where we operate.

The energy transition is moving at pace in USA MOVE: Mobility Re-imagined Solar & Storage Live USA https://lnkd.in/efsC43VX

☀️In many ways, 2023 was a record-breaking year for #CleanEnergy in the U.S., including the escalating installment rates of solar and energy storage, growing #ElectricVehicle sales and the number of planned domestic manufacturing facilities. ⚠️However, obstacles remain, such as supply chain issues and rising project costs due to interest rates, and faster progress is needed on things like transmission buildout. Check out Lori Bird and Joseph Womble’s new article on World Resources Institute’s Insights blog diving into the state of the U.S. clean energy transition – including progress made in recent years thanks to new legislation and investments, and the work that lies ahead in order to meet clean energy ambitions. Read more: https://lnkd.in/g-6Ki47z

I continue to say that it will take all hands on deck to innovate and optimize technology for the sustainable, green future we seek. Hawaii stands as yet another example of taking bold climate action to realize that future with its commitment to a clean energy transition. The state has replaced it last coal power plant with a Tesla Megapack battery system for energy storage, meaning that it can rely on solar power around the clock. And this move also means that Hawaii is getting even closer to its goal of running off 100% green energy by 2045.  Plus Power https://lnkd.in/eQXh4BHU

In many ways, 2023 was a record-breaking year for #CleanEnergy in the U.S., including the escalating installment rates of solar and energy storage, growing #ElectricVehicle sales and the number of planned domestic manufacturing facilities. However, obstacles remain, such as supply chain issues and rising project costs due to interest rates, and faster progress is needed on things like transmission buildout. Check out this new article from Lori Bird and yours truly on World Resources Institute’s Insights blog diving into the state of the U.S. clean energy transition – including progress made in recent years thanks to new legislation and investments, and the work that lies ahead in order to meet clean energy ambitions. Read more here: https://lnkd.in/e2695wtD