By: Matt Golden, Senior Energy Finance Consultant
Last week, EDF’s Investor Confidence Project (ICP) co-hosted an energy efficiency finance networking event in San Francisco, bringing together 70 local project developers, for the first-ever SF Inter-Connect. Held in collaboration with San Francisco Department of the Environment (SF Environment) and Pacific Gas & Electric (PG&E) on November 12 at the SF Environment offices, the event gave each investor, much like in ‘speed dating’, exactly five minutes to pitch the crowd on their products, describing how they worked and what kind of projects the investor was looking for.
The Investor Confidence Project is accelerating the development of a global energy efficiency market by standardizing how Investor Ready Energy Efficiency™ projects are developed and energy savings estimates are calculated. The ICP system offers a series of protocols that define industry best practices for energy efficiency project development and a credentialing system that provides third-party validation. This leads to increased confidence among building owners and investors in the reliability of projected savings. Read More
By: Sean Wright, Senior Analyst, Corporate Partnerships
Earlier this week the Center for American Progress held an event to raise awareness about the impacts of methane. “Opportunities for Curbing Methane Pollution” brought together representatives from a wide spectrum of backgrounds: state and federal policy experts, environmental advocates, and labor. While each had their own reasons, be them safety, jobs, health, climate, all agreed that reducing methane emissions from the US oil and gas sector was both critical and possible. That sentiment was captured nicely by Judi Greenwald from the Department of Energy:
“For most people it’s primarily about methane and… these greenhouse gas reductions, but I think there are a lot of other [policy] drivers. In some instances it’s really the safety benefit that’s most important…. [And] there are a lot of other reasons to do this. So you get agreement on actions, but you might actually not get agreement on each [policy] driver.”
Reducing methane emissions is good for the climate
Carol Browner, Senior Fellow at the Center for American Progress and former Administrator of the Environmental Protection Agency, offered opening remarks during which she said methane is a “very serious climate problem” because of its potency as a greenhouse gas. Methane is 84 times more potent than carbon dioxide over a 20 year time frame and short-term climate forcers like methane will drive a significant portion of the climate change we experience in our lifetime. Read More
By: Sean Wright, EDF senior analyst, natural gas program, and James Frank, EDF graduate intern
Cleaner air, more American jobs: that’s a potential reality for the U.S. if it acts to curb emissions of methane, a powerful greenhouse gas emitted from oil and gas systems around the country. It’s a significant opportunity, and it’s one California Congresswoman Linda Sánchez encountered first-hand when she toured a Cerritos manufacturing plant last week.
“I am convinced that we can reduce the risks from climate change with American-made products and create more jobs in California while we’re doing it,” the Congresswoman said during her visit.
The energy industry likes to argue that methane controls are expensive, unnecessary, and bad for business, but more and more evidence is surfacing that’s not the case. In actuality, limiting methane emissions from oil and gas operations represents a significant economic opportunity. The manufacturing plant, which produces sealing technologies that help control methane leaks, employs 44 people in California’s 38th district. As a subsidiary of the larger US energy services company John Crane, it is poised to grow even larger if the need for more methane mitigation technologies increases. Read More
By Nkiruka Avila, EDF Climate Corps fellow
Energy efficiency is an essential part of climate change mitigation, which is my primary motivation for becoming an Environmental Defense Fund Climate Corps fellow. My goal is to find energy and water savings at my host organization PerkinElmer in Santa Clara, California. PerkinElmer designs and manufactures medical imaging technology that tackles the world’s most critical health related challenges.
The facility I am working in this summer has a class 100 clean room (we call it “the Fab”) where 50×50 cm digital flat panel x-ray detectors are fabricated. Any impurity in the Fab could cause defects in the panels. PerkinElmer’s fabrication process is unique because each of the panels produced is kept as a whole unit and is not cut into smaller pieces. This makes it critical to produce flawless panels every time as a defect could ruin the whole panel.
Recently, I took a tour of the Fab with my supervisor, Joe Batdorf, and my EDF Engagement Manager, Serena Mau. The tour of the Fab was fascinating and revealed just how energy intensive the fabrication process is. I was impressed to see that several energy efficiency projects, headed by my supervisor, had already been implemented at the facility. Energy efficiency is not a foreign idea to PerkinElmer, and they have invested in several energy saving measures over the years. For example, PerkinElmer completed a reheat coil optimization project and replaced two inefficient boilers with efficient condensing boilers saving almost 70,000 therms of natural gas annually and eliminating over 300 tons of carbon emissions. Read More
By: Michael Panfil, attorney for EDF’s US Climate and Energy Program, and Jamie Fine, senior economist for EDF’s Clean Energy Program
Demand response encourages customers to shift their energy use to times of day when there is less demand on the power grid or when more renewable energy is abundant. It is an invaluable component of the smart grid that improves air quality, enhances electric grid reliability, and helps utilities, homes, and businesses financially benefit from conserving electricity.
Yesterday, a diverse group of organizations submitted an important and far-reaching settlement agreement on the future of demand response in California to the California Public Utilities Commission (Commission) for its approval. The settling parties – including EDF, California investor-owned utilities, California Independent System Operator (CAISO), consumer groups, and others – recommend, for the first time, a path to properly value, realize, and account for demand response. If approved, these changes have the potential to increase the role of demand response in meeting California’s energy demands, reducing hazardous air pollution, and more efficiently operating the state’s electrical grid. Read More
By Matt Golden, Senior Energy Finance Consultant
Source: LA Better Buildings Challenge
Environmental Defense Fund’s Investor Confidence ProjectSM (ICP) is pleased to announce a partnership with the Los Angeles Better Buildings Challenge to help develop a more robust marketplace for energy efficiency retrofits in the city. Los Angeles has set a goal of achieving 20% energy savings across 30 million square feet of existing buildings by 2020 as part of the Better Buildings Challenge, a national leadership initiative sponsored by the U.S. Department of Energy. If achieved, it is estimated that this 20% reduction in energy costs will create over 7,000 high-quality local jobs, and avert annual carbon emissions equivalent to taking more than 18,000 cars off the road.
The LA Better Buildings Challenge will be promoting the ICP Protocols through its network of building owners and industry stakeholders to help bring even greater transparency and accountability to the energy efficiency market by introducing a system of standardization in the way commercial building retrofits are developed, funded, and managed. The ICP framework assembles best practices and existing technical standards into a set of protocols that define a clear roadmap for developing projects, determining savings estimates, and documenting and verifying results.
David Hodgins, Executive Director of the LA Better Buildings Challenge, describes how the partnership with ICP will help the project meet its goal. “The mission of the LA Better Buildings Challenge is to support our partners in achieving a minimum of 20% savings by 2020, and to get there we need to have a clear path. We are excited to partner with ICP, which offers our partners a best-practice approach to developing, underwriting, and measuring the impact of their resource efficiency projects,” he said. Read More