Plotting clean energy strategy for the corporate world
Oct 17, 2023
auto_awesome
Drew Murphy, CEO of Edison Energy, discusses how they help big companies form long-term clean energy plans. They prioritize cost, carbon, and complexity. Key takeaways from Climate Week include taking action, hydrogen, and carbon capture. They emphasize the importance of public service and provide insights on their involvement in public radio and board roles. Drew Murphy talks about their legal background and the importance of holistic thinking for the energy transition.
Edison Energy helps companies decarbonize and set sustainability goals while managing costs and complexity through clean energy consulting.
The mandatory climate disclosure legislation in California will have a significant impact, particularly on reporting scope three emissions and engaging supply chains.
Deep dives
Edison Energy: Helping Companies Decarbonize and Set Sustainability Goals
Edison International established Edison Energy to assist companies in decarbonizing and setting sustainability goals while aligning with their financial objectives. By offering clean energy consulting, they help clients make better choices towards clean energy while managing costs and complexity. With dozens of global Fortune 500 companies as clients, Edison Energy has played a key role in providing a clear path to decarbonization for various sectors. Their focus on cost, carbon, and complexity helps clients navigate the challenges and risks associated with clean energy adoption.
Mandatory Climate Disclosures in California: Driving Sustainability Across Supply Chains
The mandatory climate disclosure legislation being considered in California will have a significant impact, particularly regarding reporting on scope three emissions. It requires companies to engage their supply chain and implement goals aligned with their emission targets. This reporting framework will encourage companies, including automakers, to work with their suppliers and provide support in implementing sustainability plans. The legislation will also extend to privately owned companies, shedding light on sectors that previously had less visibility when it comes to sustainability efforts.
Offsite Renewables and Simplifying Clean Energy Procurement
Edison Energy has been successful in procuring thousands of megawatts of offsite renewables for their clients. Offsite renewables involve negotiating power purchase agreements with renewable project developers, enabling companies to meet their clean energy goals. While larger companies can purchase significant amounts of renewable energy, smaller companies face challenges in procuring smaller amounts directly from developers. To address this, Edison Energy is exploring innovative solutions, such as aggregating smaller buyers to efficiently negotiate agreements and provide access to renewable energy at competitive prices.
In 2016, Edison International was rethinking how to boost their efforts toward fighting climate change. As the parent company behind Southern California Edison, they were making strides in the power sector.
But Edison International wanted to tackle decarbonization in other sectors. So they added clean energy consulting into the mix with their new venture, Edison Energy.
This past summer, Drew Murphy decided to take the reins over at Edison Energy, managing risk and reaping rewards for those involved. With executive roles at NRG and Edison under his belt, and his work on energy project finance at law firm Hunton & Williams, Drew understands how to make big climate goals a reality.
This week, Brad speaks with Drew Murphy, CEO of Edison Energy, about how they help some of the world’s biggest companies form long-term clean energy plans.
This podcast is produced by GridX. GridX is the Enterprise Rate Platform that modern utilities rely on to usher in our clean energy future.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode