ESCO

DEFINITION: An energy services company (ESCO) is a commercial or non-profit business providing a broad range of energy solutions including designs and implementation of energy savings projects, retrofitting, conservation, energy infrastructure outsourcing, power generation and energy supply, and risk management.

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Viridor’s ERF generates enough electricity to power around 68,448 households and will now provide low-carbon heat to homes and businesses

Energy recovery facility to heat homes in Cardiff via district heating network

A district-heating network connected to an energy recovery facility in Cardiff had secured £15m in Government funding to start its first phase of works, with the project potentially saving more than 5,000 tonnes of carbon annually.

The two companies believe that up to 30,000 tonnes of currently non-recyclable plastic could be treated annually

Viridor signs agreement on UK plastics chemical recycling initiative

Waste management firm Viridor has agreed a Memorandum of Understanding (MoU) with chemical recycling company Plastic Energy to explore a system that treats non-recycled plastic waste using low-carbon electricity to create recycled plastic feedstocks.

The Leeds RERF was opened in 2016 to burn up to 150,000 tonnes of landfill waste annually

Houses and businesses connect to low-carbon heating network in Leeds

Households and businesses in Leeds are set to benefit from reduced energy bills and carbon emissions after being connected to a £36m district heating network that connects to the city's Recycling and Energy Recovery Facility (RERF).

Currently, phs collects around 65,000 tonnes of hygiene waste from customers

Viridor and phs agree deal to generate power from nappies and sanitary products

Waste management company Viridor has inked a new multi-million-pound contract with washroom services firm phs Group, that will divert non-recyclable hygiene waste such as nappies and sanitary products from landfill to be used for power generation.

Total signs cleantech deal to produce hydrogen at refineries

French energy giant Total has signed a cooperation agreement with the Sunfire cleantech company to integrate capture waste heat and CO2 at a German refinery to create synthetic methanol and hydrogen to be used to reduce energy and transport emissions.

The council’s declaration noted that “taking immediate action will help to protect Nottingham people from the consequences of irreversible climate change

Net-zero cities: Nottingham's mission to be carbon-neutral by 2028

edie's new mini-series exploring how local authorities are collaborating with businesses to actuate community-centred sustainability schemes on the road to net-zero emissions continues, this time with a look at how Nottingham plans to become the UK's first carbon-neutral city by 2028.

New report reveals surge in employee engagement on energy issues

EXCLUSIVE: The UK's declaration of a climate emergency combined with the recent climate strikes and protests has fuelled a surge in awareness of energy issues among employees across the country, according to the latest Business Energy Barometer conducted by edie.

Business Energy Barometer: November-December 2019

edie's third Business Barometer for 2019 sets out the key challenges and opportunities for energy leaders and managers going into 2020 and the next decade of climate action.

Business Energy Barometer: April - May 2020

edie's Business Barometer for 2020 sets out the key challenges and opportunities for energy leaders and managers going into a decade of climate action.

The decentralised energy toolkit for business

This free Decentralised Energy Toolkit breaks down how organisations can utilise distributed energy solutions to take control of their energy use and realise various competitive and environmental benefits – from increased energy resilience and better efficiency to reduced emissions, lower costs and new revenue streams.

The disclosure digest - Five steps to align sustainability with investor needs

This report is based on a session of discussions and co- creation hosted in association with edie’s 2020 Sustainability Leaders Forum. The half-day event took place on 3 February in London and saw sustainability managers from a wide range of businesses take part in collaborative roundtables. During the discussions, sustainability managers outlined key challenges and discussed the exciting new opportunities in the areas that mattered the most.

edie Explains: Net-zero carbon business

What is 'net-zero' in the context of business emissions? Which organisations are most suited to adopting net-zero carbon strategies? And, what is the impact of the coronavirus on the net-zero movement?

It may feel like sustainability has dominated pop culture in 2019, but does progress exist beyond pockets of discussions? Image: BAFTA

How has pop culture responded to the climate emergency in 2019?

From Coldplay cancelling their tour until they can find a carbon-neutral option, to James Bond producers debuting the spy's first fully electric car, all the signs point to sustainability shaping pop culture. But how deep does this impact run, and what's in store for 2020?

edie's content director Luke Nicholls spoke with Forum for the Future's founder-director Jonathon Porritt over Microsoft Teams

Jonathon Porritt: Corporate advocacy must be cornerstone of coronavirus recovery

EXCLUSIVE: Business leaders must use the Covid-19 recovery process as an opportunity to promote the benefits of deep decarbonisation, and to rebuild an economy based on strong social and environmental values, Forum for the Future’s founder-director Jonathon Porritt has told edie.

Community-owned energy projects generated 168MW of electricity in 2018, of which 21 organisations operate within Northern Powergrid’s region

Northern Powergrid unveils community engagement decarbonisation plans

The distribution network operator (DNO) for the North East, Yorkshire and northern Lincolnshire has unveiled a new community energy engagement strategy outlining steps to use community-based consumption and power to respond to the climate emergency.

Many cities and towns have set pre-2050 net-zero targets

Cadent and Electricity North West plot roadmap to net-zero Manchester by 2038

After the Greater Manchester Combined Authority pledged to reach net-zero by 2038 last year, the city-region's gas and electricity network operators have developed a delivery roadmap for its energy sector.

Apple has committed to sharing its approach and progress towards carbon neutrality through a roadmap that will be shared with other companies

Apple targets net-zero emissions across operations, value chain and products

Apple has announced major plans to become net-zero emissions across its business, supply chains and products by 2030, pledging to reduce emissions by 75% and develop carbon removal solutions for the remaining 25%.

Unilever’s chief executive Alan Jope reflected that amidst a global pandemic it was the duty of business to repair a broken capitalism mode

Unilever's Alan Jope on repairing capitalism, Covid-19 and Sustainable Living Plans

Providing an update to Unilever's flagship Sustainable Living Plan as it enters its 10th and final year, chief executive Alan Jope reflects on the need to double down to protect the planet and society during the pandemic by "driving a new model of capitalism".

CWG's absolute annual emissions have been decreasing since 2016, despite expansions to its estate

Canary Wharf Group sets 1.5C-aligned science-based emissions targets

Canary Wharf Group (CWG) has pledged to reduce its direct emissions by 65% by 2030 and to develop a net-zero pathway before the end of 2020, after working with the Science-Based Targets Initiative (SBTi).

The Sustainability Reporting and Communications Handbook 2020

Launched during edie’s Engagement Week (4-8 May), the Sustainability Reporting and Communications Handbook 2020 provides readers with expert advice when it comes to relaying the importance of sustainability to key stakeholders; along with fresh insights to create, deliver and share a compelling sustainability report.

The Budget sets the building block for natural and technological climate solutions, but the hard yards are ahead to reach net-zero

Does the Budget put the UK on course for net-zero emissions?

Chancellor Rishi Sunak's first Budget was brimming with green funding for natural climate solutions and carbon capture and storage (CCS), but key spending reviews and strategies on the horizon will clarify whether these will act as the launchpad for a net-zero carbon economy.

Sunak has said that decarbonisation and nature protection will receive headline mentions in this week's Budget - but green groups have urged the Treasury to go further and faster. 

Budget: Green groups urge £33bn annual investment to meet UK's net-zero target

Ahead of Wednesday's (11 March) Budget, green groups have put forward their key asks for Chancellor Rishi Sunak. Here, edie rounds up the calls to action - including recent IPPR analysis claiming that £33bn more must be spent annually on decarbonisation to meet the 2050 net-zero target.

While praising progress to date, the report highlights the gap between current policy results and those needed to meet the fifth carbon budget

Report: UK needs to more than double carbon reductions to hit 2030 climate target

The UK will have to more than double the rate it is currently reducing CO2 emissions in order to meet its 2030 target, despite strong progress in 2019, a report by Carbon Brief has found.

Scaling up renewable energy generation is listed in the analysis as one of the most important climate solutions of our lifetime.  Image: Project Drawdown 

Report: Existing climate solutions, not innovations, crucial to meeting net-zero

Humanity will be able to reach a net-zero world by 2050 - as recommended by the IPCC in its landmark report on climate change - using existing, established technologies and practices, a major new scientific study has concluded.

The Peterborough-wide project is expected to cut household and business energy bills by up to 25% once completed in 2022

Peterborough unveils plans for UK's largest low-carbon 'smart-city' regeneration project

Peterborough City Council has unveiled a plan to host the UK's largest smart, low-carbon city energy system including renewable electricity generation, energy storage and heat networks.

Johnson’s preference to fill the Treasury with his own advisors suggests that he seeks more control over the spending decisions.

Cabinet reshuffle: Is the promised 'green budget' in doubt?

Earlier this week Chancellor Sajid Javid was said to be reviewing a string of new subsidies to assist with the UK's net-zero transition. With Javid today (13 February) resigning from the position, doubts have been caused as to whether the UK Government can prioritise the green economy in the March Budget.

Energy reporting is business-critical on the journey to low - and net-zero carbon - emissions.

edie launches business guide to Streamlined Energy and Carbon Reporting

edie has launched a business guide into the important issue of Streamlined Energy and Carbon Reporting (SECR) as the first full financial year since the scheme was introduced in April 2019 draws to an end.

The 7.3MW Creacombe community solar farm. Image: CORE

Subsidy-free community solar farm completed in Devon

In yet another boost to the UK's subsidy-free solar market, Community Owned Renewable Energy Partners (CORE) and Yealm Community Energy (YCE) have announced that a 7.3MW community solar farm has come online.

Khan's damning letter has been sent to the Secretaries for Housing and BEIS, as well as the London Minister and 10 Downing Street. Image: City Hall 

Government's plans for low-carbon homes are 'a step backwards' on climate, London Mayor warns

London Mayor Sadiq Khan has urged Ministers to improve plans for decarbonising the UK's built environment sector, claiming that the capital and other cities are already going further and faster in the face of the climate emergency.

Congratulations to all our deserved winners

Sustainability Leaders Awards 2020: Winners revealed at glittering ceremony in London

Barry Callebaut, Ikea, P&G and Toast Ale were among the big winners of edie's 2020 Sustainability Leaders Awards, announced at an awards ceremony in London on Wednesday evening (5 February).

Have your say on what the 'hot topics' in the UK's sustainability sphere could be in 2020

VOTE: What will be the defining sustainability issue of 2020?

With many of us heading back to the office for our first day at work in 2020 this week, edie has explored the environmental issues which could dominate sustainability conversations this year - and is giving you the chance to have your say.

Pictured: Equinor's Sleipner oil field. Image: Øyvind Gravås and Bo B. Randulff

'Near zero' by 2050: Equinor outlines new long-term emissions targets

Norwegian oil and gas giant Equinor has pledged to bringing the greenhouse gas (GHG) footprint of its onshore plants and offshore fields to "near zero" by 2050.

innocent's sustainability cheerleader Katie Leggett talks edie through the report

'Good all round': Exploring Innocent Drinks' first sustainability report

EXCLUSIVE: Innocent drinks has launched its first "good all round" report, the company's innovative take on the traditional sustainability report outlining progress against its carbon-neutral, circular economy and staff engagement ambitions.

LRS has already reduced emissions through investments in CHP, recycled materials and distribution centre consolidation

Lucozade Ribena Suntory targets net-zero value chain by 2050

Beverage giant Lucozade Ribena Suntory (LRS) has pledged to achieve net-zero greenhouse gas (GHG) emissions across its entire multinational value chain by mid-century. 

Returning Prime Minister Brosi Johnson will now turn his attention to 'getting Brexit done', despite also having a raft of green policy issues to deal with. Image: Chatham House (Flickr) https://www.flickr.com/photos/chathamhouse/30562517863

General Election result: Conservative landslide victory raises fresh concerns for green economy

The results are in and Boris Johnson's Conservative Party has won the 2019 General Election with an historic landslide majority, prompting fresh concerns about the strength of environmental regulations in the UK post-Brexit.

Images: UNClimateChange Flickr

America's Pledge and Europe's Green Deal: What happened on days 8 & 9 of COP25?

COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the last few days of the event.

CDP: Corporates could save a gigaton of emissions by championing renewables in supply chains

If key suppliers to the world's largest corporations used 20% more renewable energy than they do at present, one billion metric tonnes of greenhouse gas (GHG) emissions would be mitigated.

edie Explains: Smart Grids

What is a smart grid and why is it important? What are the potential business benefits of the smart grid transition? And how mature is the smart grid concept in the UK? This free edie Explains guide gives you everything you need to know.

45-Minute Masterclass: Accelerating the smart grid transition for your business

With distributed energy assets fast becoming a mainstream part of the UK power network, this live online masterclass will equip businesses with the insights and inspiration they need to decentralise, decarbonise and democratise their energy through smart grid technologies and systems.

edie energy managers' survey reveals ESOS 'not worthwhile'

The latest Business Barometer of energy managers for the final quarter of 2019 has revealed the challenges and opportunities ahead of 2020, with many outlining ESOS as a key challenge.

Businesses suited to selling flex include large energy users such as supermarkets and manufacturers

Northern Powergrid urges businesses to sell flexibility services

District Network Operator (DNO) Northern Powergrid has opened an online auction aimed at procuring 100MW of flexible energy capacity across, largely from businesses.

Heat currently accounts for 15% of the UK's annual greenhouse gas emissions

ENA calls for mandatory hydrogen boilers as CBI outlines new sustainability vision

Replacing existing gas boilers with hydrogen-ready devices should be mandatory when they reach the end of their life, the Energy Networks Association (ENA) has urged in its general election manifesto.

Pictured (L-R): Jonathan Murray, LowCVP; Nick Turton, The Energy Institute; Susanne Baker, TechUK; Caroline Bragg, the ADE; Nina Skorupska, The REA; and Luke Nicholls, edie (chairing). 

First steps: What must businesses focus on now to deliver a net-zero UK by 2050?

According to the Committee on Climate Change (CCC), the UK's delivery against its 2050 net-zero target will require "rapid, far-reaching and unprecedented changes in all aspects of society" - but where, exactly, should the business response start?

Growing energy demands were largely met using fossil fuels, the report states. Pictured: The WilPhoenix offshore oil rig in Scotland. Image: Joe deSousa

Capgemini: Meeting global climate goals 'looks unrealistic' as energy consumption grows

Global energy demand rose by 2.3% year-on-year in 2018 - a trajectory which, if sustained, will leave the world unable to meet international and national climate goals including the Paris Agreement.

The three firms will concentrate on developing “over-the-shelf” solutions that can be shared across the industry

Cargill, Maersk Tankers and Mitsui & Co team up on 'over-the-shelf' emissions technology for shipping

Food and agribusiness Cargill has launched a collaborative partnership with shipping firm Maersk Tankers and logistics firm Mitsui & Co to trial and develop fuel-saving technologies aimed at lowering emissions in the shipping sector.

The report notes that six million jobs are currently at risk in the global energy and transport sectors, but that most roles could be preserved for the long-term with targeted policy interventions

IEA unveils major new green Covid-19 recovery roadmap

The International Energy Agency (IEA) has set out a string of policy recommendations green Covid-19 recovery packages, which, if followed in full, could slash annual energy-related emissions by billions of tonnes, while creating jobs, improving air pollution and boosting GDP.

The guide is free to download

edie launches new business guide on energy data optimisation

edie has today (9 September) published a new report outlining all the key considerations, challenges and benefits to investing in energy data optimisation to assist with low-carbon strategies.

The report also noted that the group achieved a 6.5% reduction in carbon emissions per tonne of production during the reporting year from a 2015 baseline

Ibstock to pilot net-zero factory

Brick manufacturer Ibstock has announced plans to pilot at least one net-zero factory, with the company outlining its intention to set a net-zero carbon goal for its operations in the near future.

The masterclass webinar is now available to watch on-demand

Seven key things to consider when implementing smart grids

Edie recently hosted a 45-minute masterclass webinar on smart grids, which saw expert speakers from E.ON and the Association for Decentralised Energy (ADE) provide best-practice advice on installing and operating flexible energy technologies. Here, we round up their key takeaways.

BT has also reached some key sustainability targets

BT launches innovation platform and UK electric fleet alliance

BT has today (1 June) launched two new platforms to help accelerate green innovation in the UK and drive the adoption of electric vehicle (EV) fleets, both of which the tech giant believes will contribute to a green post-Covid19 recovery for the UK.

All three sessions will be available to watch on-demand for those who have registered

Today at 1pm: edie's Net-Zero Carbon online event

Former UK Energy Minister Lord Greg Barker, sustainability professionals from UPS and Skanska and the chief executives of green trade associations have all been confirmed to appear on edie's Net-Zero Carbon online event today (20 May).

From Engagement Week and Net-Zero Week, to the Mission Possible 2020 report and more #SustyTalks – edie will bring you a jam-packed programme of exclusive online content in May

Engagement, Net-Zero & Mission Possible: edie gears up for bumper month of online content and events

With the UK lockdown continuing into May, edie is keeping up the positive sustainability and climate action with a host of exclusive interviews and reports, two themed weeks of free online events, and the launch of the flagship Mission Possible 2020 report.

The VIGIL consortium consists of Aston University, ByteSnap Design, Grid Edge and Nortech Management

Government-funded Vehicle-to-Grid project completes grid balancing trials

A Government-funded Vehicle-to-Grid (V2G) project has successfully participated in a trial aimed at providing real-time control of when and how electric vehicles (EVs) are charged and discharged to help balance the grid.

The coronavirus has exposed a lack of focus on supply chain sustainability

Coronavirus and globalisation: What next for supply chain sustainability?

Covid-19 has brought global economies to a standstill and knocked the confidence in global and connected trade. Would businesses benefit from pivoting to more localised value chains, or do global supply chains enable a global shift towards a climate-resilient future?

According to the Climate Group, businesses signed up to its EP100 initiative have collectively shaved $55m (£45m) off their energy costs

Mitie to double energy productivity through EP100 initiative

British facilities management (FM) firm Mitie has built on its net-zero emissions target set for 2025 by joining the Climate Group's EP100 initiative to double its energy productivity.

Energy professionals, like most, are currently dealing with changes to their role. These key considerations will help to navigate these changes in the coming weeks.

Coronavirus: Seven key considerations for energy professionals

As the coronavirus outbreak continues to slow economies across the world, industrial and commercial energy demand is falling as domestic demand increases. Here, edie summarises seven ways which energy professionals can respond to this challenge and others borne by the current pandemic.

The aim of EP100 is not only to reduce the environmental impact of partaking firms, but to encourage the embedding of energy efficiency in all business strategies. Image: Thai Union

EP100: Thai Union pledges to double energy productivity

Food production giant Thai Union has pledged to double energy productivity across the business, under The Climate Group's EP100 initiative.

TODAY AT 1PM: Join edie's webinar on achieving net-zero

Readers have only a few hours left to register for edie's net-zero webinar, which will outline some of the key elements in the field of setting goals for net-zero carbon and greenhouse gas emissions.

Net-Zero Live will take place on 10-11 November at the NEC Birmingham

Accelerating climate action: edie evolves flagship energy and sustainability event into Net-Zero Live 2020

The UK’s largest energy and sustainability event has been transformed into Net-Zero Live, a free-to-attend experience which will unite businesses, policymakers, investors, NGOs, product and solutions providers around a common purpose: to spark new ideas and actions on the path to a net-zero carbon future.

Under the deals, British Gas Business will supply 100% renewable electricity

'A landmark moment': NHS to boost renewable energy sourcing

More than 11% of the NHS's estate will be switched to 100% renewable electricity this spring, under new energy deals signed by its Property Services arm.

Business guide to Streamlined Energy and Carbon Reporting (SECR)

Almost a year since it was introduced, this business guide to Streamlined Energy and Carbon Reporting (SECR), provides energy and sustainability professionals with everything they need to know about the legislation and how to comply.

Lloyds is one of six firms to have signed all three of the commitments

Lloyds Banking Group commits to net-zero fleets and 100% renewable electricity

Lloyds Banking Group has today (6 February) joined all three of The Climate Group's business sustainability initiatives, committing to source 100% renewable electricity, reach net-zero fleets and improve energy productivity.

In action: EDF battery storage optimisation with a financial services company

A financial services company worked with EDF and its partner, Upside Energy, to support an energy storage fund by realising financial returns from its assets. In turn, the Fund achieved this financial goal by focusing on specific source of revenue generation.

Jonathan joined ISS in 2016, shortly after completing a master's in environmental management

Meet edie's 30 Under 30 Class of 2019: Jonathan Mobbs, ISS Facility Services

This series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Next up: Jonathan Mobbs, environmental business partner at ISS Facility Services.

The built environment accounts for 40% of national energy use and around one-third of emissions

UK commercial properties wasting £60m in avoidable energy bills

UK businesses are wasting energy to the tune of £60m in unnecessary energy bills, according to a new Green Alliance report that is calling for better commercial energy management to help reach the UK's climate targets.

edie launches series of mini-reports for energy transition to net-zero

edie has released a series of mini-reports on key topics for energy management and the transition to a net-zero carbon economy.

45-minute masterclass: Onsite energy storage and renewables

How, exactly, does energy storage work? What are the business benefits of deploying commercial battery systems? And how can they interact with other onsite technologies such as renewable energy systems to create a ‘decentralised’ business?

The interactive webinar featured presentations and a live Q&A with three expert speakers

Five top tips for improving energy efficiency on the road to net-zero

During an interactive webinar hosted by edie on Wednesday (20 November), experts from Direct Line Group (DLG) and BiU provided expert advice on how businesses of all sizes and sectors can improve energy efficiency in line with net-zero targets. Here, edie rounds up the key takeaways.

The webinar will be available to watch on demand afterwards for those who registered

Available on demand: Energy efficiency 2.0 webinar for Net-Zero November

Shai Guness, compliance and CSR manager at Direct Line Group, spoke during an edie webinar, which will took place on Wednesday 20 November at 2pm (GMT) that outlined the role of energy efficiency in delivering net-zero.

The guides are free to download for those who have registered 

Net-Zero November: Read up on edie's insight guides and webinars on net-zero

As edie launches Net-Zero November, the content team is resurfacing a collection of exclusive insight reports, guides and webinars on the topic across industries such as utilities, manufacturing and the built environment that are free to download for readers.

edie will bring you exclusive interviews, webinars and reports throughout the month

Net-Zero November: edie kicks off month of themed content and events with raft of new business pledges

The edie content team has officially kicked off Net-Zero November - a month of themed content and events to inform and empower sustainability and energy professionals on the road to a net-zero carbon, with Mission Possible pledges from Liberty Steel, Hammerson and HPE leading the way.

EDF Energy analysed the energy consumption at different sites, including schools, hospitals, hotels, offices and police stations

'Simple' energy efficiency measures could deliver £45m benefit for UK businesses

New data from EDF Energy has revealed that measures such as installing energy efficient lighting and better heating management could create more than £45m in energy cost savings across 4,150 analysed sites.

Solar panel installation, Tetra Pak site. Image: Tetra Pak

Tetra Pak targets net-zero value chain by 2050

Packaging firm Tetra Pak has today (11 June) committed to reaching net-zero greenhouse gas (GHG) emissions across its operations by 2030, with a longer-term target to achieve a net-zero emissions value chain by 2050.

Renewable energy generation will account for the largest proportion of the new roles, the report states

UK 'capable of creating 700,000 new green jobs by 2030'

With the correct support from central government and local authorities, the UK could create almost 700,000 new green jobs within a decade, and a further 488,000 through to 2050, new research has concluded.

An array of new businesses announcements are taking place on World Environment Day

NatWest's carbon calculator and Wilko's plastic pledge: The World Environment Day success stories

To mark World Environment Day (5 June) edie's Sustainability Success Stories arrive early, outlining fresh new commitments to sustainability across renewables, resources, the built environment and more.

edie Explains: Energy data optimisation

What is energy data optimisation? Why should a business optimise its energy data? What are the costs and challenges of energy data optimisation? This new edie Explains guide answers everything you need to know about the topic.

A particular downturn was tracked in Texas - historically the US's most active renewable PPA hub

BNEF: Covid-19 causing drop in US corporate clean energy purchases

The amount of generation backed by US-based corporates signing power purchase agreements (PPAs) was almost one-third lower in the first half of 2020 than in the first half of 2019, new analysis from Bloomberg NEF has revealed.

The vast majority (85%) of the growth was accounted for by wind deals, mainly offshore

Renewable power purchase agreements surge more than 25% in Europe

Renewable power purchase agreements (PPAs) made by corporates in Europe totalled 8GW in 2019, up from 5.5GW in 2018.

The procurement in 2019 was almost triple the levels recorded two years prior 

Corporate clean energy contracts grew by 40% in 2019

Corporate purchasing of clean energy contracts reached almost 20 gigawatts (GW) in 2019, an increase of more than 40% on the previous year's record, according to new analysis from BloombergNEF (BNEF).