The ESG cabal seems to be drawing up another hall of mirrors to persuade credulous stakeholders and bystanders that they are siphoning only carbon-free energy (CFE) from the electric grid. The Electric Power Research Institute calls it 24-7 carbon-free energy, oddly enough. “Large companies from Starbucks to eBay have pledged 100% renewable energy targets to offset greenhouse gas emissions from their electricity use. Recently, several large companies, including Google, Microsoft, and others, have started procuring something called carbon-free energy that more closely matches their corporate electricity load on a 24/7 hourly basis. This is known as 24/7 carbon-free energy.” Unquestionably,…
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Last week several of us at Michaels bemoaned the hazards of operations and maintenance (O&M), controls, and behavioral programs. The specific discussion was about the ubiquitous rooftop unit, like those shown on the box-store roof below. The discussion could have been about anything other than light bulbs. Measures in a portfolio come with a spectrum of savings risk from baselines, to hours of use, to risks associated with operation once deployed. Next week I think I’ll analyze an entire portfolio of risks and give those risks relative scores. For instance, many measures depend on the baseline – not necessarily the…
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Last week we looked at the financial benefits of energy efficiency as compared to the stock market. I’m going to take this a few steps further, as forewarned last week.In both cases we start with the $39,000 investment and the stock market simply grows at its long-term average of 7.5% (Dow Jones Industrials). Obviously, a smooth appreciation of your investment is not the case and if you don’t have a strong stomach, you should avoid equities. Why is it called the Dow Jones Industrial Average anyway? It’s full of service companies, banks, and retailers. It includes Microsoft, but not Apple,…
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Back in the day when I was in the nuclear Navy, Greenpeace was not so infrequently pulling stunts like running their zodiacs up on the top of submarine hulls to make their unfounded statements of radiation releases to the environment. Since 9/11, you can bet they stopped this practice. Even back in the early 1990s the hatch was guarded by a burly guy sporting a short barrel shotgun with the largest shell chamber I’ve ever seen. Stopping power. The fact is, the US Navy runs the cleanest nuclear plants in the world with thousands of operating reactor YEARS and not…
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