Semafor Net Zero: One Good Text
After winning a $20 billion contract with Google, Intersect Power wants to “create a whole new class of real estate.”
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The majority of US states use a renewable portfolio standard (RPS) to achieve clean energy targets. RPS programs typically set annual clean energy production levels, but they ignore the significant variations in greenhouse gas (GHG) emissions intensity of the grid at different times of the day and at different locations.
Recent electric power policy decisions in Germany, China, and Texas demonstrate the emerging challenge of preserving capacity adequacy amidst high renewable penetration rates.
Recent congressional legislation has the potential to accelerate the construction of new electricity transmission projects that cross existing electric grid boundaries.