Citing an opportunity and responsibility to combat climate change, Canada’s largest energy company Suncor has committed to reduction emissions intensity from the production of oil and petroleum products by 30% by 2030.
Canada made the top 10 in energy efficiency rankings, according to the American Council for an Energy Efficient Economy’s (ACEEE) latest international country analysis. The Scorecard reveals that while Canada did quite well on policy action - tied with Japan for sixth - it’s on performance in energy efficiency was lacking - 18 out of the 23 countries measured. Overall, it earned 59 out of 100 points.
New data from GTM Research indicates that the German energy storage market will top $1 billion in value by 2021 up from $169 million at the end of 2015, or an 11-fold increase.
New data from Mercom Capital Group indicate that venture capital (VC) for smart grid and energy storage companies doubled in the second quarter of 2016 compared to the first quarter this year. VC activity in the energy efficiency space, on the other hand, was down by more than half.
Electric vehicles sales as a percentage of total vehicle sales is at about 1%, not a huge number, but a trend that continues and is set to increase. The big jump in EV sales is expected to come from the introduction of the low-cost, long-range (both relative) EVs from a number of automakers.