Tag Archives: National Green Bank

How infrastructure is banking on green banks

By Heather Clancy, Editorial Director, GreenBiz Group

Quick, what do Alaska, Maine and South Carolina have in common? 

All three U.S. states are seriously evaluating the creation of green banks — financing institutions created with the explicit mission of combining public and private funds to invest in climate solutions and green infrastructure. They would join roughly 20 other U.S. jurisdictions that have used this mechanism to drive more than $5 billion in clean energy investments as of the end of 2019, including Connecticut, Florida, Michigan and Washington, D.C. 

Alaska is so invested in the idea that Rep. Don Young, a Republican who championed Deb Haaland’s nomination as Interior Secretary, last week stepped across the aisle again to become a co-sponsor of the latest legislation to create a national-level green bank. The bill would make $100 billion of public funds available for a nonprofit organization that would provide financing and other support to regional, state and local green banks — an amount the sponsors say could catalyze $884 billion in green infrastructure investments over the next decade and help create 4 million clean economy jobs within the next four years. Continue reading here.

LINKS TO MORE INFORMATION

ALSO OF POTENTIAL INTEREST

A just energy transition in action: Developing 1G of wind power with tribes

Contributed by Shaandiin Cedar, GreenBiz

[Six] tribes make up the Oceti Sakowin Power Authority (OSPA) — the Cheyenne River, Flandreau Santee, Oglala, Rosebud, Standing Rock and Yankton tribes — unified in a mission to develop inter-tribal renewable energy resources and bolster tribal sovereignty, self-determination and energy independence. After years of searching for the right partner, OSPA selected Apex to develop their wind resources.

Read more here.

Shaandiin Cedar is a writer, business consultant and environmental justice advocate focused on the opportunities to build a clean, equitable economy.

Additional Recommended Reading
From Exploitation To Equity: Building Native-Owned Renewable Energy Generation In Indian Country, William & Mary Environmental Law and Policy Review 

WINNEBAGO TRIBE OF NEBRASKA

FROM THE WHITE HOUSE BRIEFING ROOM

UTILITY DIVE ARTICLES

STATE LEGISLATION

NEW TESLA SOCIAL PLATFORM

Tesla launches social platform to spur owners to take political action on its behalf, CNBC
On Friday, Tesla launched a social platform named Tesla Engage, in part to spur customers to take political action that benefits Elon Musk’s electric vehicle and solar company. [In] a post aimed at Tesla fans in Nebraska, the company is urging residents to push local elected officials to change laws that bar Tesla and others from selling vehicles direct to consumers there, i.e. without operating a franchise dealership in the state. They have even provided a quick way for fans to contact the appropriate committee members or send comments to the Nebraska legislature.

LB633 – Change provisions of the Motor Vehicle Industry Regulation Act

LAURA KING-HOMAN ARTICLE

OPPD offering Energy Star certification

Illinois energy bill proposes ‘green bank’ as national movement builds

By Kari Lydersen, Energy News Network

Illinois would get a “green bank” to finance equity-focused clean energy investments under the latest version of the Clean Energy Jobs Act pending in the state legislature. If the proposal passes, Illinois would join more than a dozen states including Florida, New York and Connecticut that use publicly funded green banks to leverage private investment for renewables, energy efficiency and other projects, especially in communities that have been underrepresented in the clean energy economy.  The state-level proposal comes as a federal bill with bipartisan support would create a national green bank — dubbed the Clean Energy Accelerator —  that would work in tandem with state banks. Continue reading here.

Photo by Jim Bowen / Creative Commons

ADDITIONAL RECOMMENDED READING

FEATURED STUDY

Recognition of and response to energy poverty in the United States, Nature Energy

Abstract
A household is energy poor when they cannot meet energy needs. Despite its prevalence, the US has not formally recognized energy poverty as a problem distinct from general poverty at the federal level, which limits effective responses. In this review, the authors examine the measurement and evaluative metrics used by the two federally-funded energy programs focused on reducing high energy bills to understand how program eligibility requirements and congressional funding appropriations have shaped the national understanding and implementation of energy poverty assistance. We find that current measurement and evaluative metrics hinge on the distribution of government resources and the number of vulnerable households assisted, rather than improving household well-being and reducing overall energy poverty.

SOLAR+STORAGE GUIDE

Understanding Solar+Storage: Answers to Commonly Asked Questions About Solar PV and Battery Storage, Clean Energy Group Publication

The guide is informed by more than six years of experience through Clean Energy Group’s work with property owners, developers, nonprofits, and communities to advance solar+storage in underserved communities. The questions and topic areas addressed in the guide are based on feedback from nearly one hundred stakeholders who submitted questions about solar+storage.

The information presented in the guide focuses primarily on customer-sited, behind-the-meter solar+storage installations, though much of the information is relevant to other types of projects as well, including storage-only projects and front-of-the-meter solar+storage projects. It is meant to serve as a starting point to establish a foundation of knowledge and understanding for individuals and organizations beginning to explore solar+storage options for their homes, businesses, or community facilities.

A Spanish-language version of this guide is available here.

SOLAR SCHOOLS

NYC installing solar at nearly 50 public schools, other facilities, PV Magazine
The 22 MW of solar projects are expected to include some energy storage systems and help New York City and the state meet sustainability goals.

ELECTRIC MACHINES & VEHICLES

AFFORDABLE ELECTRIC SCHOOL BUSES 

Report: Accelerating The Transition To Electric School Buses: How schools, lawmakers, and utilities can work together to speed the transition to zero emission buses. Released by the U.S. PIRG Education Fund.

The vast majority of school buses in the United States run on diesel, a fossil fuel that has been shown to cause numerous health problems, including asthma, bronchitis, and cancer. Diesel exhaust is also a greenhouse gas, which contributes to climate change.

However, there is an alternative: zero-emission battery electric school buses. The technology is here, and electric school buses are ready to roll, but the question remains: how do schools pay for them? While electric buses can save schools money over the lifespan of the bus, the initial price tag of a new electric bus can turn many schools off to the idea of electrification.

Particularly promising options are vehicle-to-grid technology and Pay-As-You-Save (PAYS) programs. By pairing them, “each electric bus could save school districts up to $130,000 per electric bus.”

Download the Report.

FEATURED LEGAL ACTION

Midwest Renewable Energy Association Files Lawsuit to Open Solar and Other Clean Energy Opportunities for Wisconsinites, Earthjustice News Release

STEVENS POINT, WI — The Midwest Renewable Energy Association (MREA) filed a lawsuit in Wisconsin Circuit Court to remove barriers preventing Wisconsinites from accessing the benefits of local clean energy development. MREA’s filing asks the court to ensure that the Public Service Commission of Wisconsin (PSCW) sticks to regulating monopoly utility companies and does not illegally interfere with competitive clean energy alternatives for Wisconsin families and businesses.

MREA’s lawsuit specifically challenges two unlawful policies that stifle Wisconsin’s clean energy economy. First, MREA challenges guidance documents from the PSCW that preclude financing options available in most other states where solar energy is more affordable. MREA also challenges a PSCW order that unlawfully prohibits Wisconsin homes and businesses from utilizing market incentives to reduce their power consumption during peak hours and thereby reduce power costs for everyone.

About Earthjustice

Earthjustice is the premier nonprofit public interest environmental law organization. We wield the power of law and the strength of partnership to protect people’s health, to preserve magnificent places and wildlife, to advance clean energy, and to combat climate change.

About The Midwest Renewable Energy Association (MREA)

The Midwest Renewable Energy Association promotes renewable energy, energy efficiency, and sustainable living through education and demonstration.Together with partners around the Midwest, we work to expand renewable energy adoption through innovative programs, renewable energy training, and educational events. MREA is a nonprofit organization.

Incentives for Energy and Transportation Are Climate Action

By Grant Carlisle, Natural Resources Defense Council

The newly minted Biden administration has made clear that climate change is a top priority. A vital arrow in the administration’s quiver should be tax policies including predictable and long-term extensions and upgrades to clean energy and clean transportation incentives. See here for a letter from 45 environmental, faith and business groups sent to President Biden today supporting robust clean economy tax policies. These policies will help clean energy and clean transportation play a critical role in building an ascendant 21st century American economy, putting people back to work, and laying the foundation for a cleaner, healthier and more prosperous future. Read more here.

ADDITIONAL RECOMMENDED READING

NATIONAL GREEN BANK BILL

National Green Bank Bill Targets $100B for Business Sectors Key to Biden’s Climate Agenda, Greentech Media. A report this week from the National Academies of Science highlighted the need for federal funding to bolster private capital sources that are “unlikely to be sufficient to finance the low-carbon economic transition, especially during the 2020s when the effort is new.” 

CORPORATE NEWS

LIHEAP

APPA, other groups call for a $10 billion emergency supplemental appropriation for LIHEAP, American Public Power Association

A group of national gas and electric utility associations, including the American Public Power Association, on Feb. 4 sent a letter to Congress calling for a $10 billion emergency supplemental appropriation for the Low Income Home Energy Assistance Program (LIHEAP).The letter was sent to House and Senate Appropriations committee chairmen and ranking members.

“LIHEAP is the bedrock of America’s energy safety net, providing heating and cooling assistance to our most vulnerable, including the elderly, those with disabilities, and families with young children,” the letter noted.

Nebraska LIHEAP Program

New money: Green banks and green bonds are bringing billions to utilities for the energy transition

By Herman K. Trabish, Utility Dive

Hundreds of billions of dollars in untapped new money can finance the U.S. power system’s transition away from legacy fossil assets to renewables and distributed generation. Utilities like Duke Energy and Xcel Energy have issued billions in green bonds to fund renewables development. Green banks in New York, Connecticut and other states are backing investments in distributed resources and energy efficiency. It appears much more institutional money wants in on the green opportunity. Congress is considering proposals for a National green bank, which can help propel the energy transition if it can win the acceptance that major utilities told Utility Dive it deserves. Read more here.

ADDITIONAL RECOMMENDED READING

MIDWEST SOLAR ADVOCACY STORIES

From green-minded business owners to political activists: an industry shift in the Midwest, Solar Power World. For many Midwest solar companies, taking on advocacy roles in an industry just getting off the ground has been a necessary responsibility. Here is a look at solar policy in three Midwest states and how local solar installers have taken matters into their own hands.

CLIMATE ACTION GOALS & PROGRESS

MORE EV NEWS

MORE INDUSTRY NEWS

  • Secretive energy startup backed by Bill Gates achieves solar breakthrough, CNN
    Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius. The breakthrough means that, for the first time, concentrated solar energy can be used to create the extreme heat required to make cement, steel, glass and other industrial processes. In other words, carbon-free sunlight can replace fossil fuels in a heavy carbon-emitting corner of the economy that has been untouched by the clean energy revolution.
  • Old dog solar panel manufacturer, Panasonic, learning new home storage tricks, PV Magazine
    Panasonic recently launched their EverVolt home energy storage system, with an AC and DC coupled unit that easily can scale up to 34 kWh and, when coupled with their HIT solar modules, can power your home indefinitely if the grid goes down.
  • Target in energy milestone — ahead of schedule, Chain Store Age
    During the past five years, Target has installed more solar systems than any other company, according to data from SEIA’s Solar Means Business report. The chain is also a four-time Energy Star Partner of the Year. 
  • Wind output to jump 37% because of climate shift — study, E&E News

FEATURED GREEN CAMPUS

Award spotlights UI’s energy efforts, Champaign/Urbana News- Gazette
Five years after it opened, the $98 million Electrical and Computer Engineering Building at the University of Illinois has been awarded “platinum” certification under the LEED environmental rating system. Designed to someday be a “net zero” energy user, the building has a $3 million rooftop solar array with 950 panels that generate renewable electricity for the building and, on sunny days, contribute to the campus-wide power grid. The building also uses power from campus solar farms.

TRACKING THE SUN REPORT

US Solar Panel Prices Continue Dropping, Solar+Storage Increasing — Tracking The Sun Report, CleanTechnica. Tracking the Sun (PDF) is an annual report from Berkeley Lab on installed solar panel prices and other trends among grid-connected, distributed solar photovoltaic (PV) systems in the United States.

SOLINATOR VIDEO