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Greentech Media 08/23/2019 15:02
On Thursday, Hawaiian Electric issued a long-awaited request for proposals (RFP) for about 900 megawatts of renewable energy and energy storage projects. It’s the utility’s second major round of contracts in the past year seeking to marry variable solar and wind power with the capacity and flexibility of batteries. But the Variable Renewable Dispatchable Generation and Energy Storage RFPs on Thursday are a bit more complicated than their headline figures — seeking “technologies equal to 594 megawatts of solar for O‘ahu, 135 megawatts for Maui and up to 203 megawatts for Hawai‘i Island” — might indicate. Unlike its first massive solar-storage procurement in January, HECO’s new RFPs are broken into a number of specific projects and specific n.
Greentech Media 08/23/2019 11:30
Is abolishing the filibuster necessary in order for Congress to pass meaningful climate legislation? A handful of Democratic presidential candidates have called for throwing out the Senate rule, claiming that it exacerbates gridlock in Washington, D.C. Former Senate Majority Leader Harry Reid also believes that abolishing the filibuster is critical to passing legislation and tackling the most important issues facing the United States, including climate change.
Greentech Media 08/23/2019 08:38
In nearly every corner of the country, energy storage projects are finding their way onto the grid — they’re getting bigger, cheaper, more diverse and even a little bit weirder. Most of all, they’re just becoming normal. This week, we’re talking about the new normal for power operations, which includes a lot of batteries. (And maybe some air tanks, water pumps and cranes too.). GTM Staff Writer Julian Spector joins us on The Energy Gang as a guest co-host to round up the most topical storage projects and tell us where the market is headed. Then we’ll look at a novel approach to long-duration storage: a gravity-based system from Energy Vault that just got a major injection of Japanese venture dollars. How skeptical should we be? And finally,
Greentech Media 08/23/2019 08:15
California is on the clock, with just 25 years to achieve economy-wide carbon neutrality. Buildings of California’s greenhouse gas emissions, so concerted efforts will be needed to squeeze carbon out of the sector, especially existing buildings. State policymakers are increasingly coalescing around a solution: electrification. As a recent California Energy Commission (CEC) put it: “There is a growing consensus that building electrification is the most viable and predictable path to zero-emission buildings.”Recent events underscore this sentiment. California regulators just overhauled a legacy policy that acted as a brake on building electrification. New incentives for electric appliances could be available by the end of this year. Meanwhil.
Greentech Media 08/22/2019 17:37
Senator Bernie Sanders, a leading contender for the 2020 Democratic presidential candidacy, on Thursday released his long-awaited . The document adopts the Green New Deal moniker and calls for a climate and justice-centered revolution “from the Oval Office to the streets.”The Sanders Green New Deal promises a remake of essentially all aspects of U.S. society by eliminating support for the fossil fuel industry and buoying clean energy through investments in wind and solar, energy efficiency and electrified transport. “Climate change will be factored into virtually every area of policy,” the plan reads. It requires 100 percent renewable electricity and transportation by 2030 at the latest. The document confronts the plan’s ambition with char.
Greentech Media 08/22/2019 10:19
As China moves towards a subsidy-free era for wind and solar projects beginning in 2021, the economics of renewable power have come into the spotlight. The average levelised cost of electricity (LCOE) for solar and wind power is already cheaper than gas-fired power in China, and will be competitive with coal-fired power by 2026, according Wood Mackenzie's ,. In 2019, new-build ultra-super critical coal plants are the key conventional low-cost power supply option with an LCOE of below $50 per megawatt-hour, while offshore wind is at the high end of the range, hitting $116 per megawatt-hour. “Across most of China’s provinces and regions, a renewables cost premium remains over coal power, averaging 26 percent in 2019 for wind and solar, down fr.
Greentech Media 08/21/2019 17:04
SolarEdge founder and CEO Guy Sella has taken a leave of absence for health reasons, leaving the Israel-based solar microelectronics maker under the interim leadership of long-time executive and current vice president of global sales Zvi Lando. Wednesday’s noted that Sella has experienced a significant decline in health in the past few days due to a previously disclosed health condition.
Greentech Media 08/21/2019 16:53
California regulators want to direct $100 million in state energy storage incentives to a new class of disadvantaged customers: those living in parts of the state at the highest risk of deadly wildfires. The California Public Utilities Commission issued a proposed decision last week on the “equity budget” within the Self-Generation Incentive Program, the state’s main incentive program for behind-the-meter batteries. The proposed decision would direct $100 million from SGIP’s equity budget — a set-aside aimed at low-income, medically compromised, or otherwise disadvantaged residents — to vulnerable households, critical services facilities, and low-income solar program customers in Tier 3 high fire-threat districts. These types of customers a.
Greentech Media 08/21/2019 13:18
Batteries paired with solar plants have gained momentum in sunny locales, but a market for shifting wind generation using battery storage has so far failed to materialize. Developer GlidePath Power Solutions, however, sees a path forward for wind-plus-storage in one of the country's most competitive power markets, announcing the acquisition of 149 megawatts of North Texas wind capacity with the intent to pair it with batteries. GlidePath, with the financial backing of low carbon investment manager Quinbrook Infrastructure Partners, aims to use the eight distributed wind sites it bought from Exelon Generation as a base for developing storage and proving that batteries and wind can make money together. Storage development will commence now th.
Greentech Media 08/21/2019 12:45
After seven fires broke out on Walmart roofs between 2012 and 2018, the retail giant is suing Tesla over what Walmart calls "systemic, widespread failures" in properly installing and maintaining solar systems on hundreds of its stores in the U.S. Those failures breached 244 solar and storage contracts signed with Tesla, Walmart said. The lawsuit, filed with the New York Supreme Court on Tuesday, detailed numerous fires across the country that Walmart alleges were connected to Tesla solar panels.
Greentech Media 08/21/2019 06:41
Anyone watching the recent explosion of demand for renewable power from corporations like Facebook, Walmart and even ExxonMobil will have wondered: how far can this go? Much, much further, is the short answer. For all its recent gains, the corporate renewables market may still be in its early innings, according to a from Wood Mackenzie and the American Wind Energy Association (AWEA). Among the 1,000 largest American companies by revenue, the penetration of renewables stands at just 5 percent in their power mix, the report finds. That leaves as much as 85 gigawatts of potential renewable energy demand within the Fortune 1000 through 2030. And that's just for U.S. companies. Nearly 200 corporations globally have pledged to go 100 percent rene.
Greentech Media 08/19/2019 16:06
Sunnova finished its first quarter as a public company with a net loss grazing $50 million, which the company attributed to several factors including $1.3 million in -related costs and $11.6 million in depreciation expenses. Despite the loss, the company noted positive adjusted EBITDA, 27 percent year-over-year customer growth and 20 percent growth in its dealer base as grounds for a positive outlook. "Our financial position is strong, particularly following our IPO," said CEO John Berger on a Monday call presenting the earnings.
Greentech Media 08/19/2019 09:32
Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s home page became a solid and deep red, many energy market wonks highlighted that this is a feature, not a failure, of the market. Texas’ summer heat — one of the few things the industry can rely on — brings scarcity prices which encourage the construction of new projects to restore some cushion to low reserve margins and a return to low power prices.
Greentech Media 08/19/2019 09:32
Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s home page became a solid and deep red, many energy market wonks highlighted that this is a feature, not a failure, of the market. Texas’ summer heat — one of the few things the industry can rely on — brings scarcity prices which encourage the construction of new projects to restore some cushion to low reserve margins and a return to low power prices.


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