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Sparks

Every Single Day of 2023 Was Extraordinarily Hot

Here are some more numbers from today’s big temperature announcement.

Extreme heat.
Heatmap Illustration/Getty Images

You have almost certainly heard already that 2023 was, officially, the hottest year on record. That announcement came this morning from Copernicus, the European Union’s Earth data service.

There was another figure in that announcement, however, that caught my eye: 2023 was also the first year in which every single day was at least 1 degree Celsius hotter than the pre-industrial average.

Chart of 2023 daily average temperatures relative to pre-industrial average.

That is a marked contrast to 2022, our sixth hottest year on record, which had several days less than 1 degree above the pre-industrial average and a maximum temperature difference around half a degree lower than last year’s.

Chart of 2022 daily average temperatures relative to pre-industrial average.

Just for kicks, I decided to make the same chart for 1940, the earliest year represented in this particular dataset. As you will perhaps notice, I had to adjust the scale to account for temperatures below the pre-industrial average.

Chart of 2022 daily average temperatures relative to pre-industrial average.

The last time the global daily average temperature came in below the pre-industrial average, according to the Copernicus data, was October 8, 1992.

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Sparks

Rewiring America Slashes Staff Due to Trump Funding Freeze

The nonprofit laid off 36 employees, or 28% of its headcount.

Surprised outlets.
Heatmap Illustration/Getty Images

The Trump administration’s funding freeze has hit the leading electrification nonprofit Rewiring America, which announced Thursday that it will be cutting its workforce by 28%, or 36 employees. In a letter to the team, the organization’s cofounder and CEO Ari Matusiak placed the blame squarely on the Trump administration’s attempts to claw back billions in funding allocated through the Greenhouse Gas Reduction Fund.

“The volatility we face is not something we created: it is being directed at us,” Matusiak wrote in his public letter to employees. Along with a group of four other housing, climate, and community organizations, collectively known as Power Forward Communities, Rewiring America was the recipient of a $2 billion GGRF grant last April to help decarbonize American homes.

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Sparks

Sunrun Tells Investors That a Recession Could Be Just Fine, Actually

The company managed to put a positive spin on tariffs.

A house with solar panels.
Heatmap Illustration/Sunrun, Getty Images

The residential solar company Sunrun is, like much of the rest of the clean energy business, getting hit by tariffs. The company told investors in its first quarter earnings report Tuesday that about half its supply of solar modules comes from overseas, and thus is subject to import taxes. It’s trying to secure more modules domestically “as availability increases,” Sunrun said, but “costs are higher and availability limited near-term.”

“We do not directly import any solar equipment from China, although producers in China are important for various upstream components used by our suppliers,” Sunrun chief executive Mary Powell said on the call, indicating that having an entirely-China-free supply chain is likely impossible in the renewable energy industry.

Hardware makes up about a third of the company’s costs, according to Powell. “This cost will increase from tariffs,” she said, although some advance purchasing done before the end of last year will help mitigate that. All told, tariffs could lower the company’s cash generation by $100 million to $200 million, chief financial officer Danny Abajian said.

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Sparks

The Power Sector Loves Big Tech’s Billion-Dollar Data Center Plans

Meta and Microsoft both confirmed plans to invest heavily in AI infrastructure.

Meta headquarters.
Heatmap Illustration/Getty Images

Big Tech said this week that it’s going full steam ahead with building out data centers, and the power industry loves it. Since Microsoft and Meta reported their earnings for the beginning of the year on Wednesday, including announcements either reaffirming their guidance on capital expenditures or even increasing it, power sector stocks have jumped.

Shares of Vistra, which has a fleet of power plants including nuclear, natural gas, coal, and renewables, are up almost 7% in early afternoon trading. Constellation, one of the largest nuclear producers in the country, is up 8%. GE Vernova, which makes in-demand gas turbines, is up 4%. Chip designer Nvidia’s shares are up 4%.

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