Tag Archives: renewables+storage

Report: Natural gas is a loser for long-term utility shareholder value

By Matthew Bandyk, Utility Dive

Investment into new natural gas infrastructure like pipelines and power plants is “incompatible” with long-term shareholder value, and thus it is in the best interest of the investor community to push utilities away from natural gas, according to a new report from corporate social responsibility group As You Sow and environmental consulting firm Energy Innovation.

The report points to data from Lazard showing that unsubsidized solar plus battery storage already, in some cases, is cheaper than natural gas. It cites the example of NV Energy [a Berkshire Hathaway Energy company], which in 2019 procured 1,200 MW of solar at $20 per MWh and 580 MW of four-hour battery storage for $13 per MWh. The low end of Lazard’s 2019 estimate for the levelized cost of electricity from a new natural gas-fired combined-cycle plant is $44 per MWh. Read more here.

 

 

Our mission is to promote environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies Our vision is a safe, just, and sustainable world in which protecting the environment and human rights is central to corporate decision making. Corporations are responsible for most of the pressing social and environmental problems we face today — we believe corporations must be a willing part of the solutions. We make that happen. As shareholder advocates, we directly engage corporate CEOs, senior management, and institutional investors to change corporations from the inside out. Website: As You Sow

More About Lazard’s Levelized Cost of Energy Analysis
Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?, Forbes article contributed by Silvio Marcacci, Communications Director, Energy Innovation

Additional Related Reading
Utility Investors Risk Billions In Rush To Natural Gas: Is It A Bridge To Climate Breakdown?, Forbes article contributed by Michael O’Boyle, director of electricity policy at Energy Innovation, where he leads its U.S. power sector transformation program.

 

 


Energy Innovation
is a nonpartisan climate policy think tank delivering high-quality research and original analysis to help policymakers make informed energy policy choices. Energy Innovation accelerates the clean energy transition by supporting the policies and strategies that most effectively reduce greenhouse gas emissions.
Website: Energy Innovation

MORE ON CORPORATE SUSTAINABILITY

FREE SCIENCE BASED TARGETS WEBINAR TOMORROW

Demystifying and Achieving Science-based Targets through Sustainable Procurement & Supplier Engagement, April 22 at 12 pm. Presenters: Cynthia Cummis, Director of Private Sector Climate Mitigation, World Resources Institute, and Noora Singh, Director, Global Sustainability, PepsiCo. Register here.

The Science Based Targets Initiative is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. 

NFL SOLAR PROJECTS

POWERHOME installs solar system on Pittsburgh Steelers stadium, Solar Power World
“Heinz Field is the fourth NFL facility to utilize POWERHOME to help meet sustainability goals,” said Jayson Waller, CEO of POWERHOME. “Large commercial sites like this help us educate consumers about the simplicity and benefits of renewable energy. We hope to encourage thousands of Steelers fans to consider solar energy and think more about the environment.”

SOLAR PANELS

HYDROGEN

Renewable Energy Magazine: What Place for Hydrogen? An interview with Professor Armin Schnettler, Executive Vice President and CEO of the New Energy Business at Siemens Energy, on the impact of hydrogen on the global green energy market.

Report examines battery storage, renewable premiums

By Peter Maloney, American Pubic Power Association

Pairing wind and solar power with battery storage can result in cost savings and fetch premiums in wholesale power markets, but those premiums could potentially be higher for generation and storage facilities that are not co-located, according to a recent report from Lawrence Berkeley National Laboratory.

The paper, “Motivations and options for deploying hybrid generator-plus-battery projects within the bulk power system,” examined utility scale hybrid generator-plus-battery applications that use variable renewable energy resources such as solar and wind power sited in wholesale power markets. Read more here.

TRI-STATE

Western Slope utility serving Delta, Montrose settles on $136.5 million fee to break up with Tri-State, by Mark Jaffe, The Colorado Sun. The Delta-Montrose Electric Association (DMEA) has since 2016 been sparring over renewable energy with Tri-State, a wholesale power production company serving 43 member electric cooperatives in Nebraska, Colorado, New Mexico and Wyoming.

ROOFTOP SOLAR

Why 30 Million Solar Rooftops Should Be In the Next Relief Bill, by John Farrell, Institute for Local Self-Reliance. As the federal government looks to a second (or even third) stimulus bill, Congress should consider a huge opportunity to pay Americans that pays back: solar rooftops. By investing $450 billion in rooftop solar, the federal government could slash energy bills for Americans, cut air pollution, and create over 3.7 million jobs. The government could also get paid back.  

COMMUNITY SOLAR

OFFSHORE WIND

Iberdrola Plans to Take Top Spot in US Offshore Wind (and Keep It), Greentech Media
Spanish utility group Iberdrola wants to be the biggest player in the U.S. offshore wind market, but it will need to go through early market front-runner [Denmark’s] Ørsted to get there.

Editorial: Nebraska has positive options to address its brain drain challenge

Omaha World-Herald

To meet this challenge, Nebraska can employ a variety of sensible strategies. The new Blueprint Nebraska initiative, developed through public sessions across the state, can provide a central vehicle for building consensus and momentum for progress. This initiative can bring together business, education, government, nonprofits and communities for concerted, focused action. Read more here.

Links to several programs featured in the editorial:

LES NEWS RELEASE

LES announces 2020 Sustainable Energy Program incentives
Lincoln Electric System’s Sustainable Energy Program is returning in 2020 with $1.75 million in incentive funds. These incentives are offered to LES customers to encourage upgrading to the most energy efficient equipment. By participating in the program, customers help reduce the need for LES to purchase more expensive power during the summer months and delays the need for new power generation to be built,” said Marc Shkolnick, LES manager of energy services. “This is good for all of LES’ customer-owners, regardless of whether they participate in the program.” Since the program’s launch in 2009, LES customers have accessed $22.5 million in incentives and spent $126.6 million on energy-efficient equipment and/or services.

MORE NEWS FROM VARIOUS STATES

NATIONAL NEWS & ENEL JOB OPPORTUNITIES

CORPORATE SOCIAL RESPONSIBILITY

5 Corporate Social Responsibility Trends To Follow In 2020. Forbes article contributed by Timothy J. McClimon, President of the American Express Foundation.

ENERGY STORAGE

GREEN HYDROGEN

OF POTENTIAL INTEREST TO FARMERS

Hemp Boot Camps Scheduled for Cities Throughout the US, by Jeffrey Friedland, CEO, FC Global Strategies LLC

The first two Hemp Boot Camps of 2020 will be held in Lincoln, Nebraska on February 1st and Des Moines, Iowa on February 29th. Hemp Boot Camps are sponsored by FC Global Events, a subsidiary of FC Global Strategies. US-based FC Global Strategies provides services and programs to early-stage, and entrepreneurial growth-oriented companies in the US and globally. The firm’s primary focus is on the cannabis, hemp, CBD, renewable energy, and technology sectors.

Links to More Information

Additional Recommended Reading

Setting the stage for solar + storage

PV Magazine

In this op-ed for pv magazine, Camron Barati explores the trend towards what increasing state-level renewable power and storage targets mean for the U.S. market. The company projects 73 GW of solar PV systems will be installed in the United States from 2018 to 2022. Read more here.

Camron Barati is a Senior Analyst with IHS Markit Technology. Camron is part of the IHS Markit Technology Solar and Energy Storage Group and responsible for researching solar PV and energy storage markets in North America, covering supply chain trends and downstream market dynamics. He is based in Austin, TX. Prior to joining IHS Markit, Camron worked as an associate with GTM Research as part of their solar analyst team. He also has experience working with the National Renewable Energy Laboratory and Enphase Energy.

Photo Credit: Recurrent Energy

MORE NATIONAL NEWS & AN INTERVIEW 

NEBRASKA NEWS

Solar cars to travel around Fremont as part of challenge, Fremont Tribune

NEWS FROM OTHER STATES

How solar energy helps Mennonites with their mission of global relief

GREEN BUILDING NEWS

Tim O’Brien Homes gears up for construction in zero-energy neighborhood, Milwaukee Business Journal

Siemens Gamesa Makes Headway On Hybridization Of Renewable Energy

Posted by Betsy Lillian, North American Windpower

Siemens Gamesa Renewable Energy (SGRE) has commissioned a redox flow energy storage system at its hybrid wind and solar La Plana project near Zaragoza, Spain. According to SGRE, hybrid projects of wind energy, solar PV and other energy sources are becoming a more and more attractive option to drive the energy transition to higher shares of renewable energy. Read more here.

Image: Siemens Gamesa’s La Plana hybrid wind and solar test project near Zaragoza, Spain

MORE ENERGY STORAGE NEWS

GAO study highlights usefulness, gains of U.S. energy storage efforts

MORE EV NEWS

New White Paper: Owning the Benefits of Solar+Storage – Plus More News

By Lew Milford and Robert Sanders, Clean Energy Group

Summary
Current clean energy financing models do not sufficiently serve low-income communities. As a result, solar+storage projects are vastly underrepresented in affordable housing and community facilities, meaning that low-income communities are unable to enjoy the benefits of clean, affordable and resilient power.

This paper describes emerging finance models to address the energy equity challenge and to level the financing playing field. The paper explores additional ownership and financing options for solar+storage projects and low-income communities beyond direct ownership and conventional leasing models. It makes a simple point: there are ownership and financing strategies that can provide many of the economic and other benefits of direct ownership, while overcoming some of the risks and barriers that direct ownership may entail for many project developers. Learn more here.

Upcoming Webinar: New Financing Options for Solar+Storage in Low-Income Communities  

MORE SOLAR+STORAGE NEWS

ADDITIONAL RECOMMENDED READING

Making Sense of Energy Storage: How Storage Technologies Can Support a Renewable Future

Environment America Report

Energy storage technologies can be an important part of that electric grid of the future, helping to assure reliable access to electricity while supporting America’s transition to 100 percent renewable energy. To get the most benefit out of energy storage, however, policy-makers and the general public need to understand how energy storage works, where and when it is necessary, and how to structure public policy to support the appropriate introduction of energy storage.

Energy storage can make a valuable contribution to our energy system.

  • Energy storage can capture renewable energy produced in excess of the grid’s immediate needs for later use. In California, solar and wind energy plants were forced to halt production more than one-fifth of the time during 2016 because the power they produced was not needed at that moment.
  • Energy storage can help utilities to meet peak demand, potentially replacing expensive peaking plants.
  • Energy storage can extend the service lifetime of existing transmission and distribution infrastructure and reduce congestion in these systems by providing power locally at times of high demand.
  • Energy storage can improve community resilience, providing backup power in case of emergency, or even allowing people to live “off the grid,” relying entirely on clean energy they produce themselves.
  • Energy storage can provide needed ancillary services that help the grid function more efficiently and reliably.

Read the entire news release and download the report here.

ALSO IN THE NEWS