Dear friends,

While many of us are struggling with new COVID-19 circumstances, there is a company that can claim 2020 has brought huge reward: Tesla. Elon Musk has shattered expectations, putting up consecutive quarters of profit during a global pandemic and scoring a record-high stock price. As a result, Tesla has become the most valuable automaker in the world. But, Tesla isn’t just a car company. Tesla is a battery company- one that could revolutionize the energy industry

Regional utilities, like PG&E, have struggled to maintain miles of aging energy infrastructure. Add to that years of wet seasons (yielding lots of foliage) followed by very dry seasons (leaving dried foliage as kindling) and you’ve got yourself a disastrous fire season. With new technology and declining renewable energy costs, it’s now more affordable and feasible to replace decaying distribution lines with utility-scale batteries. This could build resiliency for cities most at risk for fire.

With fire season upon us, this month’s issue of Building Better Cities focuses on fire resiliency and how practitioners and policy makers are working to build resilient cities that can mitigate the negative impacts of climate-related disasters. Below, you’ll find ideas for building resilient cities, my recent work, and the latest in urban innovation. Take a read and reach out for more information.

Looking forward to connecting with you,
Kate

Ideas Worth Discussing

Build Resilient Cities… with utility-scale batteries

Utility-scale batteries can reduce reliance on the nebulous grid by storing energy from renewables (i.e. you can still use energy from your solar panels even when the sun isn’t shining).

  • SoCal Edison is rushing to bring on 770 MW of battery storage [PV Magazine]

  • Cities are replacing dirty peaker plants with batteries [WIRED]

  • Federal courts pave the way for battery expansion by upholding a FERC ruling that allows batteries to fully participate in electricity markets [Forbes]

Protect Resilient Cities… with drone technology

Drone technology is speeding up maintenance of extensive, hard to inspect energy infrastructure.

  • Buzz Solutions has paired AI and drones to detect wildfire dangers faster than humans [Forbes]

  • Drones are dropping infrastructure maintenance costs across the board [Power Engineering]

Plan Resilient Cities… with CAT bonds

Catastrophe bonds (aka CAT bonds) are securities that pay the issuer when a predefined disaster occurs. If a city is vulnerable to hurricanes (or fires), the city government can issue a CAT bond for disaster recovery. Investors bet against the likelihood of a disaster occurring within a specified time period. The city pays out a high interest on these bonds over that time period. If the disaster occurs, the bond amount is paid to the issuer, otherwise investors receive their investment back.

  • Investors are flocking to CAT bonds since they are uncorrelated with the market and offer high interest rates [Financial Times]

  • PG&E issued the first catastrophe bond for wildfire risks [Artemis]

 

Recent Work

Infrastructure Disrupted: New Business Models for America’s Oldest Assets

Public investment and ownership models are not working anymore. As the infrastructure funding gap increases, it’s time for new models of delivering these assets. That doesn’t necessarily mean turning to the private sector.

How to bring sexy (back) to construction with #ConTech

Investors are pouring millions into construction technology to turn one of the world’s oldest and least productive industries into a new force. You can be part of this new investment tide.

 

Cities are Building Better

Internet balloons bring service to remote areas in Kenya [The Conversation

Michigan plans first self-driving corridor for autonomous vehicles [TechCrunch]

Movable city start-up subscribes pandemic digital nomads to co-living #vanlife [Cities Today

San Diego encourages density with free plans for backyard homes [Next City]

Berlin partners with Panasonic to cut CO2 emissions in smart city quarter [Smart Cities World]

Neighbors are protecting tenants as eviction tensions soar [Curbed]

 

Get in the Action

Secure your spot for this free and virtual forum on 9/2-9/3: “Reimagining Buildings for a Carbon Neutral Future” [California Energy Commission]

Apply for this Smart City Accelerator in Osaka by 9/7 [Plug and Play]

 

Share Your Work

I would love to hear from you and learn more about your work. Don’t hesitate to reach out to continue the conversation. Feel free to forward this email and subscribe your friends. In the meantime, follow @KateGasparro.