A study from MIT published in Nature Communications reveals that electric vehicle (EV) charging stations can significantly benefit local businesses. By analyzing data from California, researchers found that businesses near EV chargers experienced increased sales compared to those without them. Despite the high costs of installing these chargers, the potential for increased business revenue provides strong incentives for both businesses and governments to invest in EV infrastructure.
A plan for establishing virtual power plants in each state
Virtual Power Plants (VPPs) combine energy sources like rooftop solar, batteries, and electric vehicles. Supporters want clearer policies to help VPPs, which could save a lot of money in the energy transition.
Why it’s time to put urban form on the global climate agenda
Explore how “climate-aligned urbanism” can combat urban sprawl and reduce greenhouse gas emissions by 30%. Learn about developing compact, mixed-use cities to cut emissions, lower energy use, and enhance quality of life. Discover strategies to reduce car dependency, minimize embodied carbon, and preserve natural resources.
Shifting $500 billion from energy costs to microgrid investments
Gartner, Inc. forecasts that by 2027, Fortune 500 companies will redirect $500 billion from energy operating expenses to microgrid investments to address energy risks and increased demand. Microgrids are seen as a viable solution for companies to gain better control over their energy supply and costs, offering benefits such as resilience, renewable energy integration, and reduced carbon footprints.
What actions are states taking to turn virtual power plants into reality?
Virtual power plants (VPPs) are gaining traction, highlighting various state initiatives aimed at fostering their growth.
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