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A Partner's Perspective by Co-Founder Phil Coupe
With 8 billion people on earth trying to survive, we are finding out the hard way how we are all interconnected, and how we must act cohesively to solve problems like the coronavirus crisis, and in the long-term, climate damage.
All of us at ReVision Energy are grateful that our employee-owned company is an "essential" business. We are constantly re-evaluating how to best protect everyone's health while doing our part to support the economic and environmental sustainability of our communities in Maine, New Hampshire and Massachusetts. Thus far we have radically altered our business model by:
While it's disheartening to learn that U.S. coal companies received $31M from the federal Paycheck Protection Program, it is important to note that renewable energy in America has outproduced coal-fired electricity for 40 days straight during the COVID-19 crisis.
The beautiful thing about solar technology is that you set it up and forget it for the next 40 years (solar panels come with a 25-year warranty and 40-year expected useful lifespan). Conversely, fossil fuels have to be continually extracted, transported, refined, delivered and combusted, leaving a colossal carbon footprint every step of the way.
The good news is that solar electricity is now cost-competitive with natgas-fired electricity due to the fact that the cost of solar technology has fallen 91% over the past 10 years, and Lithium-Ion batteries are down 87% over the same time period (Bloomberg New Energy Finance), and the falling cost of solar has made it the new energy source of choice globally.
Although COVID has temporarily slowed us down, please note that ReVision Energy continues to advance its mission throughout Maine, New Hampshire and Massachusetts. Please be in touch if we can help you acquire cost-effective tools to eliminate fossil fuels, like solar energy, battery storage, heat pumps and electric vehicle charging.