Global energy industry may be on the path to recovery
There are indications that the global energy industry may be entering a recovery mode, according to the EIC Monitor. Tentative improvement in the renewable and power sectors are noted in the new quarterly report from the EIC, the leading trade association for UK companies that supply capital goods and services to the energy industries worldwide.
The EIC Monitor also shows the downstream sector has reached a plateau while the midstream and upstream sectors are still showing signs of economic volatility.
EIC Monitor tracks more than 7,000 projects in the global energy industry and provides an industry barometer, broken down into downstream, midstream, upstream, power and the renewables sectors. Data is analyzed by the number, value and, where appropriate, capacity of new active and proposed projects recorded by the EIC each quarter.
Key highlights of the Q2 2009 (April 1 - June 30, 2009) report include:
Amazon's renewable energy projects surpass 200 milestone
Amazon claims it is now Europe's largest corporate buyer of renewable energy as its projects surpassed 200 globally.
Broken down, it has 136 solar rooftops on facilities and stores and 71 utility-scale wind and solar projects, nine of which were announced today covering the US, Canada, Spain, Sweden and UK. They include:
First solar project paired with energy storage Based in California’s Imperial Valley, Amazon’s first solar project paired with energy storage allows the company to align solar generation with the greatest demand. The project generates 100MW of solar energy, and includes 70MW storage.
It now has more than 2.5 GW of renewable energy capacity, enough to power more than two million European homes a year, and aims to power all its activities with renewables by 2025 and net zero by 2040.
Amazon and Global Optimism co-founded The Climate Pledge in 2019, a commit ment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. The pledge now has 53 signatories, including IBM, Unilever, Verizon, Siemens, Microsoft, and Best Buy.
A map of all of Amazon’s renewable energy projects around the world can be found here.