The Growing Demand For An Energy Workforce
Energy Terminal Weekly Newsletter
April 18th 2023 | Issue #48 | Subscribe here
Happy Tuesday!
Welcome back to ET weekly, Energy Terminal's weekly newsletter where we cover trends, opportunities, events and updates across the energy industry.
In this issue:
💲A More Democratized Approach to Climate Investment
🛑 Bitcoin’s Large Energy Use
💥 A Great Recruitment Event Opportunity
‼️ Decreased Carbon Emissions
📈 High Demand for a Larger Energy Workforce
🚨 Top 3 Energy Opportunities 🚨
1) bpx X-perience Event
bpx X-perience is a two-day hiring event to meet top talent from across the country for Summer 2024 internships and full-time opportunities.
2) IEA, Energy Storage Intern
Infrastructure and Energy Alternatives (IEA) is one of the nation’s leading infrastructure construction companies with 75% of the business servicing the renewable energy industry. The Energy Storage Team is seeking a proactive intern to assist in the development of internal tools, layouts, standards, and project proposals for grid scale energy storage projects.
3) Future First Energy, Energy Analyst Intern
Future First Energy is a leading energy consulting and advisory firm. In this role, you'll have the opportunity to work on challenging, high-profile projects and be given the support to develop your career as part of a unique team of building energy management.
📣 Episode 27
More important than financing, policy, or even technology is the workforce that will build the energy transition. Over the next decade, we’ll see millions of new jobs created in the energy industry led by a booming cleantech sector.
Joining us on the show is Jason Radisson, serial unicorn breeder and CEO and Founder of Movo, a company leveraging technology to provide frontline workforce solutions to the clean energy, healthcare, and warehousing industries and more. In the episode, we talk about what kinds of energy jobs are in highest demand, how universities and trade schools can shift their curriculum to support cleantech jobs, how to find entry-level energy jobs, and much more. If you’re a young person looking for clean energy jobs or a company looking to hire more effectively, you won’t want to miss this episode.
📚 Reading List
Democratizing climate investment + supercharging EV adoption! Check out this week’s handpicked reading list to learn more about these groundbreaking energy topics 🔥
🎙️Podcasts:
Climate One, Bitcoin uses a ton of energy - on purpose. Is it worth it?
Crypto mining uses as much energy as entire countries like Argentina and Sweden, and the majority of this energy comes from fossil fuels
Even when bitcoin uses renewable energy, some climate activists argue that renewable power could be put to better use, such as powering homes or workplaces
However, bitcoin advocates believe that the benefits of this technology make it so that the energy used by crypto mining isn’t a waste, so renewable energy efforts should be used in this industry
MCJ Collective, Capital Series: Carbon Equity
Carbon Equity allows individuals to invest in world-class private equity and venture capital funds focused on climate by pooling money together for investments
Traditionally, private investing is only available to well-connected and high-net-worth individuals, and Carbon Equity wants to democratize private climate investment for a larger audience
Watt It Takes, Vibrant Planet CEO and Co-Founder Allison Wolff
Vibrant Planet is building a digital project to help Forest Services, municipalities and tribal lands better manage their restoration
The Tahoe Fund and Tahoe Truckee Community Foundation are among those using Vibrant Planet’s product Land Tender
Allison Wolff has an amazing background, working in marketing and sustainability at a variety of innovative tech companies before starting Vibrant Planet
She also worked at Paul Hawken’s (famous environmentalist) Project Drawdown, a platform that presents solutions to climate change
📰️ Articles:
BBC News, Climate change: Fossil fuel emissions from electricity set to fall- report
This is the first ever annual drop of coal, oil and gas usage to generate electricity, outside of a pandemic or recession
This is mostly due to a boom in renewable energy in China
Including nuclear and hydropower, clean energy met 39% of electricity demand in 2022
Cleanest year of electricity ever
However, carbon emissions from the electricity sector continued to rise, and this is cited to be due to increased demand, and most of the increased demand is being met with non-renewables
Canary Media, Biden aims to supercharge EV adoption with new emissions standards
On April 12th, the U.S. EPA revealed strict tailpipe emissions regulations that would reduce vehicle pollution and accelerate the decarbonization of vehicles
These proposed standards would require automakers’ fleets to produce fewer emissions and ambient air pollution, and automakers would likely follow such standards by selling more EVs, putting the US on track for EVs to account for ⅔ of new light-duty vehicle sales by 2032
This proposal is expected to face challenges in court so these rules aren’t guaranteed to be approved in their most ambitious form, and they likely won’t be finalized until next year
PV Magazine, Impacts of the IRA
Since the IRA was passed, there has been $150 billion of investment and more than 18,000 jobs created in clean energy
Nearly 100 GW of renewable energy projects have been announced in the last 8 months since the IRA
By the end of the decade, the IRA is expected to create more than a million jobs and over $1 trillion of investment
⏰ Missed Episode 26?
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