A state that doesn’t provide zero Carbon energy is at a competitive disadvantage


From Utilities squeezed as corporations seek renewable energy elsewhere, as seen on Google+:

As of September, 62 of the country’s largest corporations had indicated their energy priorities by endorsing the Corporate Renewable Energy Buyers Principles. Other large institutions such as universities and military bases are moving in that direction as well.

Adam Kramer, the executive vice-president of strategy for Switch, a “transformational technology idea engine,” reflected on the company’s thinking in choosing Michigan for a new facility.

He said, “Our first question was: ‘Can you get us our power needs?’ The second question was: ‘Can you get us 100 percent renewable?’ If the answer was no, Michigan wasn’t going to be part of the site selection. From our perspective, energy is our lifeblood.”

States are eager to meet these companies’ demands, seeking the economic development prizes that follow.

“If we just think about large IT companies and the next big data center, access to 100 percent renewable energy for many of them is a requirement,” said Ryan Hodum, vice president of David Gardiner & Associates, a clean-energy adviser to businesses. “So a state that doesn’t provide that is at a competitive disadvantage.”

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This entry was posted in Anthropocene, Bloomberg New Energy Finance, BNEF, clean disruption, CleanTechnica, climate economics, corporate litigation on damage from fossil fuel emissions, corporate supply chains, data centers, decentralized electric power generation, decentralized energy, destructive economic development, distributed generation, electricity, electricity markets, energy, energy utilities, extended supply chains, fossil fuel divestment, green tech, grid defection, Hermann Scheer, Hyper Anthropocene, investment in wind and solar energy, John Farrell, Joseph Schumpeter, leaving fossil fuels in the ground, local generation, marginal energy sources, microgrids, public utility commissions, PUCs, rate of return regulation, reasonableness, regulatory capture, resiliency, Sankey diagram, solar domination, solar energy, solar power, Spaceship Earth, stranded assets, supply chains, sustainability, the green century, the value of financial assets, Tony Seba, utility company death spiral, wind energy, wind power, zero carbon. Bookmark the permalink.

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