Clean Energy News

How ESG Goals can be met with Solar

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In 2021, ESG (Environmental, Social, and Governance) goals increased among companies due to demand from investors, consumers, and policy makers. According to the MSCI World ESG Leaders Index, in 2021, stocks for companies among the MSCI World ESG Leaders’ Index rose by 22% compared to 15% for companies who are not among ESG leaders. Similarly, according to the Sustainable Investments Institute, support for social and environmental proposals among shareholders increased from 27% to 32% in the past year. According to Peter Novelli Media Company, 80% of Americans believe companies have a responsibility to help solve the climate crisis and 75% of Americans have a more positive image of companies that prioritize climate action. As ESG goals continue to expand, companies must find ways to achieve these goals.

Research Team from Princeton University Improves the Durability of Perovskite Solar Cells

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Researchers from Princeton University’s Engineering School developed the first perovskite solar cell with a commercial viable lifetime. Perovskites (PSCs) are lightweight and flexible semiconductors with a crystalline structure. Between 2009 and 2022, research has helped increase the efficiency of perovskite solar cells from 3% to over 25%. Perovskite solar cells are currently unavailable on the commercial market due to their fragility and lack of long-term durability.

FERC Releases Plan to Expedite the Connection of Solar Projects to the Energy Grid

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The Federal Energy Regulatory Commission (FERC) released a plan that would expedite the connection of solar, wind, and battery projects to the energy grid. Long wait times for projects to connect to the grid and high grid upgrading costs, according to Canary Media, are currently preventing hundreds of gigawatts of clean energy projects from being connected to grids. These challenges have posed significant obstacles for the development of renewable energy projects around the country.

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