By Jeff Postelwait, T&D World
Energy storage is even maturing to the point where it can take the place of building a new power generation asset or building grid upgrades. “When you add storage to your mix, everything becomes more flexible. You can increase hosting capacity of a transmission circuit without having to build a lot of new facilities. So, it’s easy to think of it as a competitor, but what it really is, is more of an enabler and a partner.” – Jason Burwen, interim CEO of the Energy Storage Association. Read more here.
Also By Jeff Postelwait: Energy Goals: What Does a New Administration Mean for Utilities? A look at the future of energy at the federal and state levels, and how the commercial sector also is a powerful driver for renewables.
ADDITIONAL RECOMMENDED READING
- The clean energy transition is already happening—the proof is all around us, by Heather Zichal, American Clean Power Association
- Five ACP members listed among the world’s 100 most influential companies, by Greg Alvarez, American Clean Power Association
- The More We Get Together, The Happier We’ll Be, by Andrew G. Campbell, Energy Institute, UC Berkeley
- National Renewable Energy Lab, six industry organizations focus on cybersecurity with new wind consortium, Daily Energy Insider
- No more oil and gas company investments for University of Utah?, The Salt Lake Tribune
MODEL POLLINATOR-FRIENDLY SOLAR BUSINESS
Solar Power + Bees = Extra Benefit For Massachusetts, by Zachary Shahan, CleanTechnica
Navisun is focused on small utility-scale solar farms and community solar farms. It co-develops, acquires, owns, and operates the solar projects. The two it has just completed, one of which is a community solar farm, are fairly small projects, totaling 3.8 MW of solar power, but the company is just getting rolling and it intends to build and operate many more.
PRIVATE INVESTMENTS IN RENEWABLE ENERGY
The Future of Private Equity and Solar Energy, contributed by Christopher J. Macklin, Certified Financial Planner (CFP), Solar Magazine
Investments in renewable capacity totaled more than $2.5 trillion between 2010-2019, according to BloombergNEF data. Solar alone drew in half of those funds—$1.3 trillion to be exact—and grew from just 25 GW at the beginning of 2010 to more than 660 GW by the end of the decade. That’s enough energy to power 100 million homes in the U.S. each year. The high volume of capital flowing into the renewable energy sector has increased asset prices. To counter this, private equity firms seeking higher returns are turning to projects under development as opposed to ones already operating.
Inside Salesforce’s bold play for supply-chain leadership, by Joel Makower, Chairman & Executive Editor, GreenBiz Group
Last week, the cloud-based software company Salesforce notified its thousands of suppliers that it will include language in all future procurement contracts requiring them, among other things, to set science-based targets to reduce their greenhouse gas emissions. And it set financial penalties for those that don’t. It was an unprecedented and bold move that, if emulated by others and aggressively enforced, could transform companies and markets far faster than any regulation ever could.
TENNESSEE VALEY AUTHORITY
Biden’s TVA appointments offer crucial chance for climate justice, Energy News Network
Biden’s nominations to the board of the Tennessee Valley Authority could help fulfill his climate promise by making TVA a model for how public power can lead the clean energy transition, writes guest commentator Gaby Sarri-Tobar, a campaigner with the Center for Biological Diversity’s Energy Justice program.
SOLAR POWER WORLD
- May solar policy snapshots, by Kelsey Misbrenner
- Flexible solar panels are more than just off-grid staples, by Kelly Pickerel