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The Wizard told Dorothy and her friends many tales of his amazing powers, but a strong breeze blew away his credibility when it pushed aside the curtain, revealing those tricks as little more than noi... READ MORE >

On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of 2017. In our Q1 letter, we focused on how new technologies, particularly solar and wind generation, are ... READ MORE >

On behalf of the team at 5, I am pleased to forward our market letter for the first quarter of 2017. This quarter marks 5’s fifth anniversary. While I try to avoid marketing in this letter, I cannot h... READ MORE >

Weather conditions, such as occasional daily and annual variations in temperature and moisture, have obvious temporary effects on energy bills. Heating costs rise when it is cold and dry, while coolin... READ MORE >

Climate change may gradually alter the landscape of energy production like tectonic shifts, but seasonal weather variations yield much shorter and obvious changes, a bit like riding a roller coaster. ... READ MORE >

With the election of Donald Trump, federal and state energy policies may sharply diverge in the near future. Some states, such as New York and California, are trying to reduce carbon emissions, while ... READ MORE >

As we look at opportunities to impact climate change, out-of-the-box thinking may help us bridge the gap until fossil fuel plants are out of the picture. Those of you who enjoy the beach may have noti... READ MORE >

On behalf of the team at 5, I am pleased to forward our market letter for the last quarter of 2016. The most important policy development in Q4 was the election of Donald Trump as the 45th President o... READ MORE >

On behalf of the team at 5, I am pleased to forward our market letter for the third quarter of 2016. Before turning to our discussion of general market developments, I’d like to highlight an important... READ MORE >