Renewable Energy Advocates Prep for NY Climate Week, Bigly

The article discusses the buildup to New York Climate Week 2025, highlighting key developments in renewable energy and clean technology amid a complex political and economic landscape. A significant focus is on the recent Federal Reserve interest rate cut, which is expected to benefit renewable energy projects, particularly solar and wind, by lowering financing costs. Since renewable projects rely heavily on upfront capital and debt, reduced interest rates can substantially decrease their levelized cost of electricity, potentially by around 20% compared to 11% for gas-fired plants. However, the US offshore wind industry remains hindered by political opposition, notably from President Donald Trump, despite his calls for rate cuts that ironically may aid renewable sectors. Another major update comes from Carrier Global Corporation, which is trialing battery-enabled HVAC systems integrating variable-speed heat pumps with energy storage. This innovation aims to help households store excess renewable energy and strategically deploy it to stabilize the grid during peak demand periods. Carrier’s initiative, under its new Carrier Energy division and in partnership with the