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
Governor Brown has the opportunity to make energy-saving upgrades possible for families and small business owners by signing Assembly Bill 1883 (Nancy Skinner- Berkeley). This bill would significantly lower the cost of Property Assessed Clean Energy (PACE), a tool which enables property owners to take advantage of energy efficiency and rooftop solar PV for their homes or buildings with no money down, allowing them to pay off the investment over time through their property tax bill.
AB 1883 would streamline the PACE process and drive down the fixed transactional costs associated with commercial projects. Lowering these transaction costs is especially important for small businesses because high transaction costs can reduce the economic viability of the smaller energy upgrades that small business typically need. AB 1883 also incorporates new options for financing rooftop solar PV through PACE, which will enable a greater number of homeowners and small businesses to qualify for cost-saving solar PV contracts. 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
It’s been an invigorating few days for anyone looking for meaningful action to combat climate change, and especially for those following California’s global leadership in those efforts.
As a delegate to Governor Jerry Brown’s Trade and Investment Mission to Mexico, I witnessed first-hand California and Mexico sign a Memorandum of Understanding and formally agree to work together on a range of actions to address climate change.
The agreement between Governor Brown and representatives of Mexico’s Ministry of Environment and Natural Resources (SEMARNAT) and Mexico’s National Forestry Commission lays out areas where California and Mexico agree to cooperate and coordinate efforts on addressing climate change, including:
- Pricing carbon pollution
- Increasing renewable energy use and development
- Addressing short-term climate pollutants
- Cleaning up the transportation sector
- Reducing emissions from deforestation and forest degradation
A Joint Vision for Low-Carbon Prosperity
It makes perfect sense that Mexico is California’s latest climate change and clean energy ally. After all, the relationship between the two jurisdictions runs deep. Mexico is California’s largest trading partner, and our cultures and economic interests have undoubtedly been entwined throughout history. Both have much at stake with climate change, and this latest collaboration embraces a shared environmental vision which recognizes that a low-carbon future goes hand-in-hand with economic prosperity. Read More
If there is one thing that works in the world of advocacy, it is a ratings table that shows how one state, metropolitan area, or utility compares to its peers. The latest report, U.S. Clean Tech Leadership Index, from Clean Edge does just that.
The fifth annual U.S. Clean Tech Leadership Index finds that California, Massachusetts, Oregon, Colorado, and New York lead the way among states in solar and electric vehicle adoption, with smart climate policies and clean energy financing driving the clean tech leadership index growth.
Clean energy is becoming a popular choice for mainstream America with 11 states now generating more than ten percent of their electricity from non-hydro renewable sources, according to the Clean Edge report. As seen in the graph below, Iowa leads the way in utility-scale wind, solar, and geothermal electricity generation. Read More
This blog post was co-authored by Kate Zerrenner, an EDF project manager and expert on energy efficiency and climate change.
On June 2, the U.S. Environmental Protection Agency made a historic announcement that will change how we make, move and use electricity for generations to come.
For the first time in history, the government proposed limits on the amount of carbon pollution American fossil-fueled power plants are allowed to spew into the atmosphere.
There are two clear winners to comply with the plan while maintaining commitment to electric reliability and affordability: energy efficiency and demand response.
We’re already seeing pushback from some of our nation’s big polluter states, such as West Virginia and Texas. But the truth is that while the proposed limits on carbon are strong, they’re also flexible.
In fact, the EPA has laid out a whole menu of options in its Clean Power Plan – from power plant upgrades, to switching from coal to natural gas and adopting more renewable energy resources. States can choose from these and other strategies as they develop their own plans to meet the new standards. Read More