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How to value solar plus storage. Tue, 11/03/2020 - 01:00. In the wake of California’s summer of wildfires, blackouts and planned outages, many consumers and businesses are clamoring for more resilient options. The crisis has turbocharged interest in systems that deliver power even when the grid is down. Adam Aston.
A recent petition to FERC could trigger nationwide changes to solar net-metering. On April 14, the New England Ratepayers Association (NERA) petitioned the Federal Energy Regulatory Commission (FERC) to assert jurisdiction over any on-site, behind-the-meter generation that injects energy onto the grid.
Tue, 07/14/2020 - 01:30. Businesses are reaping the environmental and social benefits of providing electric vehicle charging for employees. Last fall, a research team from PGS conducted a study on workplace electric vehicle charging practices. Optimize energy management. Marsha Willard.
Thu, 10/01/2020 - 01:30. All of them are using their artificial intelligence prowess and analytics power to help companies such as BP, Chevron and ExxonMobil continue exploration and extraction. These complex challenges can’t be solved in isolation, or by doing business as usual. Amazon, Google, Microsoft and the climate cloud.
Wed, 11/04/2020 - 02:00. In recent years, electric vehicle (EV) adoption has accelerated in the world of personal cars. Now, as ambitious climate goals gain momentum and renewable energy prices drop, attention is turning towards scaling such systems for commercial transport. Challenges on the road to commercial ZEVs.
Residential energy is becoming companies' business. Fri, 05/29/2020 - 01:45. In this crazy upside-down world, the line between residential and commercialenergy is getting fuzzy. . Everything changed so quickly, it makes sense that climate and energy teams have yet to figure out how to account for the shift.
Now, new breakthrough climate accounting technologies are emerging as solutions to track and verify energy and carbon emissions, and report energy purchases and consumption. As more of these services hit the market, corporations making ambitious climate pledges will need to adopt energy and carbon tracking and reporting technologies.
The fallout from the coronavirus pandemic and coming recession is expected to drive down pricing for both front-of-the-metersolar and storage systems even faster than expected. Project construction delays and tightening consumer spending will drive down storage and electric vehicle demand, according to Wood Mackenzie.
Stem, the decade-old behind-the-meter battery startup that was seeking a buyer earlier this year to bolster its growth ambitions, is now launching a plan to go public via a special-purpose acquisition corporation (SPAC) reverse merger. Friday’s announcement names Star Peak Energy Transition Corp. billion in late 2019 to about $2.7
Businesses who fail to act on decarbonisation risk exposing themselves to potential risks from policy-driven increased operating costs, increased energy costs or increased compliance costs. Now it’s time for other businesses to follow suit, says the group. Actions on the energy demand side. Actions on the management side.
Compiled by global climate tech company, IES, using its digital twin technology, the Local Area Energy Plan (LAEP) identified changes to the borough’s buildings and energy generation needed to hit the net zero target. The rollout of solar alone, in suitable and moderately suitable locations, is estimated to cost just under £500m.
Residential and commercialenergy storage installations are taking a hit as the U.S. The behind-the-meter storage segment will install 31 percent less capacity in 2020 than previously forecast, according to a new analysis by research firm Wood Mackenzie. tackles the coronavirus pandemic.
economy into free fall this spring, the energy storage industry delivered its second-best quarter ever in terms of megawatts installed. Despite social-distancing orders, more customers than ever before added batteries in their homes to store solarpower and provide backup power amid hurricanes, wildfires and other types of grid outages.
Several floors below the firm’s balcony, power lines crisscross over piles of garbage, a fleet of rickshaws and cow patties on a rooftop, being dried for cooking fuel. “I don’t think you can just deploy solar and solve everything,” he said. Demand for flexible, clean power spurs startup activity.
The nation’s power sector is also heavily reliant on hydrocarbons, which is hardly surprising considering its affordability and supply. With an ambitious renewable energy target of 50% of its power supply by 2030, is there a prominent role for geothermal in Saudi Arabia’s energy mix?
American multinational technology company Apple has announced that its 2020 green bonds will support the installation of 1.2 GW of renewable energy capacity. In 2020, Apple has funded the development of 350MW of new energy generation capacity in Nevada, Illinois, Virginia, and Denmark in 2020 from its green bonds.
Barry Cinnamon is CEO of California's Cinnamon Energy Systems. Dave Barry said it best when summarizing 2020: “This was a year of nonstop awfulness, a year when we kept saying it couldn’t possibly get worse, and it always did. So here are my predictions for solar and storage for 2021.
gigawatt natural gas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. ’s largest power plant. GW of power output to biomass, with a remaining 1.3 Plans for a new 3.6-gigawatt
gigawatt-hours of energy storage capacity in 2020, more than double the 499 megawatt-hours installed in 2019. gigawatt-hours this year, according to Wood Mackenzie's latest report on Australia's energy storage market. Falling battery costs will lead to improved overall capex for the energy storage sector.
California is facing a major decision under a tight deadline — whether it should push for large-scale power plants and batteries to prevent a repeat of its August 2020 rolling blackouts this coming summer, or turn to behind-the-meter resources like batteries and demand response. 14 and 15 last year. 14 and 15 last year.
Influenced by the increasing penetration of “behind-the-meter” distributed energy resources (DER), power systems are experiencing a paradigm shift from a centralized structure to a decentralized one. Australia has the highest uptake of solar globally, with more than 2.68 Mohsen Khorasany , TYMLEZ.
Renewable energy retailer Octopus Energy US is partnering with Enphase Energy, Inc., a supplier of microinverter-based solar and battery systems, to create a Texan Virtual Power Plant (VPP). This is the latest move from Octopus Energy in its US market.
2020 forced most people into a more distributed and virtual way of life. But a segment of the grid edge industry has been trying to achieve that for years, installing controllable devices at homes and businesses that can work together to help the grid. Check out GTM's explainer: So, What Exactly Are Virtual Power Plants?
The uncertainties centre on Equinor’s backing for new “net zero” gas-fired power plants fitted with technology to capture carbon dioxide (CO2) billowing from their smokestacks, and bury the gas in disused oil and gas fields under the North Sea. Credit: Sabrina Bedford.
market for distributed energy resources will look very different in five years than it does today. And electric vehicles will give utilities and regulators the opportunity to promote pricing regimes to encourage charging when electricity is abundant — or suffer potentially grid-destabilizing consequences.
Last month’s preventative power shutoffs in California highlighted the vulnerability of the electricity grid to threats exacerbated by a changing climate. But what about the mobile battery packs carried in the hundreds of thousands of electric vehicles now on the road in California?
Hitachi Capital is scaling up its financial support for a network of electric vehicle superchargers in the U.K. Gridserve’s model is to develop subsidy-free solar-plus-storage plants alongside a network of EV infrastructure. The first such solar site was connected to the grid in December last year: a 34.7-megawatt
Residential batteries outperformed the rest of the energy storage sector in first quarter deployments. The first quarter of 2020 marked the fourth consecutive record for home battery installations, according to the new Energy Storage Monitor , from Wood Mackenzie and the Energy Storage Association.
California’s distributed energy resources add up to gigawatts' worth of capacity that could be used to prevent future rolling blackouts and balance the state’s increasingly clean-powered grid — if the state can compensate them for those services. 14 and 470 MW shed on Saturday, Aug.
California regulators have finalized plans to direct more than half a billion dollars in behind-the-meter battery incentives over the next four years to customers most at risk of the state’s increasingly deadly wildfires and the grid outages meant to prevent them. Big changes for California's energy storage market.
The smart meter rollout has faced major disruption due to Covid-19, but installations are on the up again and experts believe the technology has the potential to unlock the next wave of the net zero transition. If you looked at 100 businesses across the country, many, many of them would have smart metering in. "If
Wed, 10/21/2020 - 00:45. The series is supported by the Temple Hoyne Buell Center for the Study of American Architecture at Columbia University, and is part of their POWER project. . South, where companies find ample forests, lax business regulations, and ports along the Atlantic coast. Danielle Purifoy.
Corporations aren’t just interested in renewable energy; they are a leading driver of its growth. According to data from Wood Mackenzie Power & Renewables, corporate customers procured a total of 5.8 gigawatts of wind and solar projects in 2018, an increase of 109 percent over the previous year.
Grid operators around the world are unusually busy these days, but few have quite as much on their minds as NYISO, the independent system operator that manages New York state's bulk power system and wholesale energy market. percent in 2018, and hitting 100 percent zero-carbon emissions by 2040. Source: NYISO. Source: NYISO.
Spain’s booming renewable energy market is attracting the attention of an unlikely retail segment: mobile phone companies. Phone firms including national leader Telefónica are jostling to offer clean energy alongside more traditional products such as broadband connections. A boom brought on by the end of the sun tax.
AI spurred clean firm power, Europe strengthened carbon markets, and emerging economies’ climate tech demand opened up. 🚗 Vertical: Energy came top in 2024 investment, up 12% to $9.4bn. After cumulative investment more than tripled from 2020 to 2021, yearly totals are now flat or declining.
energy storage industry capped off its biggest year of installations with its largest single quarter in Q4. energy storage installation topped 522.7 megawatt-hours in the fourth quarter, according to the newly released Energy Storage Monitor , produced by Wood Mackenzie and the Energy Storage Association.
Over the past decade, a new class of digital power electronics has emerged that can shape, shift and control the flow of electricity on the power grid in ways never before seen. Others have been forced out of business, as with startup Gridco last year. SP Energy taps Ermco, Gridbridge.
Last summer’s record heat waves triggered a surge in power demand that maxed out supplies and led to outages across the West. California and other states are pushing to use clean electricity to power vehicles and buildings to cut carbon, which will increase demand. ROOT CAUSES.
Over its 13-year history, California’s Self-Generation Incentive Program has been the state’s primary driver for distributed solar, biomass power systems, fuel cells. and, over the past half-decade or so, behind-the-meter batteries. billion in present and future funding, that would go to the equity resiliency budget.
households to cleaner, cheaper energy options, raised $30 million Tuesday to fuel its expanding community solar and retail energy services business. based startup has built a novel business in the energy services space, based on software that can aggregate, analyze and package a variety of energy options for U.S.
Solar-battery systems may be useful for providing backup power during power outages. But many of the systems on the market today don’t pack enough punch to start up power-hungry air conditioner or pumps, or store enough power to run an entire home’s electricity load for more than a handful of hours at a time.
Predicting the future is easy; getting the exact timing is very hard — especially with all the emerging technologies and requirements facing the solar and storage industry. So this year I’m giving myself a whole decade to get these behind-the-meterenergy system predictions mostly right. Do you have an app for that?
Proportion of power derived from gas and coal in Britain fell to record low in 2020, official statistics confirm. Low demand for electricity during successive lockdowns saw renewables displace fossil fuels as the dominant source of power on Britain's grid for the first time ever in 2020, government data has confirmed.
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