Energy storage is continuing to gain traction in the commercial and industrial (C&I) space as well as among utilities, thanks to the large variety of additional services it promises to provide. However, many customers are still curious about its tangible value and savings. In an attempt to answer these questions, Growing Energy Labs Inc. – also known as GELI, an intelligent energy software and analytics company – hosted a webinar series. The first event was called “Solar + Storage : Why 1 + 1 =3.” It addressed the additional value a storage system can add in combination with solar PV. The second one was called "Solar + Storage : Risk Mitigation and Monetization."
Angola, one of Africa’s oil-producing OPEC countries, has recently announced an ambitious plan to add 800 MW of renewable-energy capacity by 2025. In contrast to its carbon-intensive petroleum exports, the country’s energy mix is fairly clean, with over 70 percent of electricity production coming from hydropower. The government plans to maintain a clean energy mix – 66 percent from hydropower and an additional 8 percent from renewable energy – while doubling access to electricity within the next decade.
It is typically a costly, capital-intensive challenge to expand traditional transmission and distribution (T&D) grid infrastructure to meet new and existing demand for electricity. Can distributed energy resources – such as solar and wind installations on residential or commercial sites – complement traditional T&D grid infrastructure in cost-effective ways?
While Hawaii is the most oil-dependent state in the United States, it recently decided to set a goal of having 100 percent renewable energy by 2045. This is the most aggressive clean-energy goal in the country. What seems like a huge paradox has been taken as a great opportunity.
Climate resilience pays dividends in financial stability and public health. California has passed legislation, AB 693, that will provide up to $1 billion for solar roofs for multifamily affordable housing. A May report by Clean Energy Group, “Closing the California Clean Energy Divide: Reducing Electric Bills in Affordable Multifamily Rental Housing with Solar+Storage,” found these retrofits can zero out some properties’ net electricity bills.
Some of the high points of CEM7, a global clean-energy conference that took place in San Francisco on June 1-2, occurred when speakers took a stand to motivate their audience to accelerate the momentum of the energy transition away from fossil fuels.
In this interview, Lorenzo Bernasconi, senior associate director of innovative finance and impact investing at The Rockefeller Foundation, shared his perspective on the organization’s grant-making strategy around climate solutions.
How is China balancing renewable-energy development with urbanization? On April 24, the Yale US-China Forum brought stakeholders from every sector together at Yale University to discuss China’s clean-energy future.
What players are emerging to transform the fleet of off-grid diesel power plants in developing countries? This year’s Finance for Resilience winners at the Bloomberg New Energy Finance Future of Energy Summit included Global Renewable Independent Power Supplier (GRIPS). GRIPS seeks to connect large off-takers with investors through an innovative, market-based approach. According to Alexander Voigt, CEO of GRIPS, the startup will replace captive diesel generation with hybrid renewable power plants in places with nonexistent or unstable grid connections.
What has United States Agency for International Development (USAID) done to support efforts to scale up clean energy? What are the impacts of these clean-energy projects? What is USAID’s strategy to attract funding from the private sector? In this interview, Jeffrey Haeni, energy division chief of the Bureau for Economic Growth, Education and Environment at USAID, shared his insights on global clean-energy development.
A joint committee of Massachusetts senators and representatives is approaching a decision on the future of solar power. The decision will determine how to modify net metering, an incentive policy that is critical to most solar projects' financial viability. Meanwhile, utilities are unable to plan for their systems and developers have been forced to ice projects at all stages.
As the biggest public funder of projects related to climate change, the Global Environment Facility (GEF) has played a crucial role in removing market barriers to investment in clean energy worldwide. Policy de-risking, investment aggregation mechanisms, and capacity building for banks and governments are key areas where the GEF has worked to increase the flow of financing.
On the surface, Citi’s recommendations of global climate investment goals, published in August in the report “Energy Darwinism II: Why a Low Carbon Future Doesn’t Have to Cost the Earth,” look deceptively simple. But a closer look at the patchwork of international regulations, legislation, and carbon markets reveals that financing clean energy in developing nations may be quite challenging to accomplish.
The Clean Energy Incentive Program (CEIP) will tap financial resources to help prepare markets for the Clean Power Plan (CPP) in the United States. This two-year voluntary matching fund program will incentivize solar and wind energy in any states that opt into it. It also offers extra leverage for energy efficiency in low-income communities. Clean Energy Finance Forum spoke with Joe Goffman, associate assistant administrator at the EPA, who explained the program, its vision, and its objectives.
Imagine you could design the electricity market in one state from scratch. There are no pre-existing programs to satisfy and no political baggage to consider. Your only guideline is to allow the continued growth of solar power and distributed generation. You’re given a blank slate on which to envision a long-term, sustainable energy market. What would it look like?
They appear periodically, but predictably - media reports about the powerful, corporate utilities seeking to block consumer access to rooftop solar and maintain control of the grid versus the plucky, disruptive solar companies, fighting to bring clean, free power - and energy independence - to the...