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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In the first moments of the Maui fires, when high winds brought down power poles, slapping electrified wires to the dry grass below, there was a reason the flames erupted all at once in long, neat rows -- those wires were bare, uninsulated metal that could spark on contact.
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While the exact cause of the wildfire remains unknown, Hawaiian Electric is not the first electric company to find itself facing potential liability in the aftermath of climate-related disasters.
Power companies are grappling with the need for "trillions of dollars" worth of grid investment.