Category Archives: Energy Efficiency

Investor Confidence Project Releases “Soup-To-Nuts” Guide for Energy Efficiency Project Development

By: Tracy Phillips, ICP Technical Lead

pds logoThere is a simple question that haunts building owners, energy services companies, and even utilities who invest in energy efficiency: “How do I know if I will really see the savings?

To answer this question, EDF’s energy efficiency initiative, the Investor Confidence Project (ICP), is implementing a system that creates confidence in energy savings and cash flows.

Today, ICP is pleased to launch a new component of this initiative: the Project Development Specification. This product launch, along with the recently unveiled Software Provider Credential, is part of a larger effort by ICP to accelerate the development of a global energy efficiency market by standardizing how Investor Ready Energy Efficiency™ (IREE) projects are developed and verified leading to increased investor confidence in savings. Read More »

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Is Energy Efficiency a Good Thing Even with Rebound?

By: Inês AzevedoKenneth GillinghamDavid Rapson, and Gernot Wagner.

ceiling-163866_640Lighting is critical to our livelihoods. Humans have used lighting technology since long before industrialization. For many centuries, this lighting was extremely inefficient, with over 95% of the energy consumed wasted as heat. Recently, the Nobel Prize in Physics was awarded to Isamu Akasaki, Hiroshi Amano and Shuji Nakamura for their remarkable contributions towards highly efficient light emitting diode (LED) technology. A day later, Michael Shellenberger and Ted Nordhaus reignited a long standing debate with an Op-Ed inThe New York Times claiming that these developments are not likely to save energy and instead may backfire. (TheTimes has since corrected a crucial point of the article, and it has published three letters to the editor, including one by a subset of co-authors here.)

As evidence for these claims, Shellenberger and Nordhaus cite research that observes the vast improvements in the efficiency of lighting over the past two centuries having resulted in “more and more of the planet [being] dotted with clusters of lights.” They take this as evidence of how newer and ever more efficient lighting technologies have led to demand increases and, thus, have “led to more overall energy consumption.” Further, they refer to “recent estimates and case studies” that suggest “energy-saving technologies may backfire, meaning that increased energy consumption associated with lower energy costs because of higher efficiency may in fact result in higher energy consumption than there would have been without those technologies.” Read More »

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Benefits of Clean Power Plan Are Measureable – Drop for Drop

Hallisburg Texas power plantSince EPA released its proposed Clean Power Plan (CPP) in June of this year, the plan has been a hot topic in every state. In Texas alone, the state has held a joint regulatory agency hearing and two days of legislative hearings. Unfortunately, in both cases, the general tone of testimony was that of Chicken Little. But I prefer to view the CPP as a fantastic opportunity and certainly don’t think the sky will fall because of it. In fact, our skies should be considerably brighter without all that carbon pollution clouding them up.

I’ve written before about the opportunity for Texas to amplify current trends and increase our energy efficiency and renewable energy to meet these goals. And there’s an added benefit to transitioning away from coal-fired power plants and toward cleaner energy choices, one that will be critical in a state like Texas that’s in the middle of a multi-year drought: water savings and relief for our parched state.

What if I told you that with the CPP, the Electric Reliability Council of Texas (ERCOT), which controls the power grid for roughly 80 percent of the state, could save more than 60,000 acre-feet (or nearly 21 billion gallons) of water per year by 2030? Read More »

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Utility 2.0: New York State Envisions New Platform Giving Equal Priority to Clean Energy Solutions

brooklyn-bridge-71800_640New York’s “Reforming the Energy Vision” (REV) proceeding aims to reform the state’s long-standing electricity system to lay the groundwork for a cleaner and more efficient grid that allows for more customer choice and competition from third-party energy services companies. Forming the centerpiece of this 21st-century vision is a platform that would smoothly integrate innovative energy services and solutions into the existing grid, allowing them to compete on equal footing with electricity from centralized power plants.

Currently, the electric industry comprises three functions: generation, transmission, and distribution. Generation refers to making electricity, traditionally from large, centralized power plants. Transmission refers to sending that electricity along high-voltage wires to substations closer to electricity customers. Distribution refers to delivering the power from the substations to homes and businesses. In its recent straw proposal, the Department of Public Service Staff (Staff) recommends splitting the distribution function into two parts, one performing the traditional delivery service and the other serving as the Distribution System Platform Provider (DSP), to grant equal priority to energy solutions that are not centralized, such as on-site, distributed generation and energy efficiency. Read More »

Also posted in Clean Energy, Demand Response, Electricity Pricing, New York, Smart Grid, Utility Business Models| 2 Responses

Investor Confidence Project Releases Software Provider Credential To Boost Energy Efficiency Market

By: Jeff Milum, ICP Director of Marketplace Development

software provider icpIn virtually all established markets, from car loans to timeshares, standardization and automation has helped to accelerate underwriting, reduce long-term liability, and spur investment. The potential energy efficiency market is estimated at $1 trillion, but in order to achieve a fraction of this, the energy efficiency industry will need to leverage standardization and automation in order to scale to this level.

EDF’s signature energy efficiency initiative, the Investor Confidence Project (ICP), 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.

As a part of this effort, ICP is pleased to announce the release of the ICP Software Provider Credential, which will standardize the process of developing and documenting energy efficiency projects. Read More »

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Mad Global Props: The International Energy Agency Hearts ICP

By: Panama Bartholomy, Director of ICP Europe

iea ee reportThe Investor Confidence Project (ICP), was recognized by the International Energy Agency (IEA), a global organization for 29 member countries, in its annual energy efficiency report, released today.

The IEA’s Energy Efficiency Market Report 2014 highlighted ICP as a program that will accelerate the development of a global energy efficiency finance market, saying in its energy efficiency finance chapter that the EDF initiative will “facilitate a global market for financings by institutional investors that look to rely on standardized products.”

For investors, the IEA puts the financial market for energy efficiency in the range of $120bn, with the launch of new products, such as green bonds, corporate green bonds, energy performance contracts, and expanded sources of finance likely to expand that figure. Lending from multilateral development banks and bilateral banks alone amounted to more than $22bn in 2012. Read More »

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Finding Gold in the Value Chain

By: Victoria Mills, Man­ag­ing Di­rec­tor of EDF Cli­mate Corps

chinafellowblogphotoEnergy efficiency is a goldmine, but not everyone has the time or resources to dig. That’s why for the past seven years, over three hundred organizations have turned to EDF Climate Corps for hands-on help to cut costs and carbon pollution through better energy management. And every year, the program delivers results: this year’s class of fellows found $130 million in potential energy savings across 102 organizations.

But this year we also saw something new. In addition to mining efficiencies in companies’ internal operations, the fellows were sent farther afield – to suppliers’ factories, distribution systems, and franchisee networks. What they discovered demonstrated there is plenty of gold to be found across entire value chains, if companies take the time to mine it.

Here are three places where EDF Climate Corps fellows struck gold: Read More »

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Three Ways to Boost Energy Efficiency after the “Low-Hanging Fruit” has been Picked

By: Lana Zaman, graduate student at UC Berkeley

2014berkeleyfellowsCompanies today are increasingly investing in energy efficiency upgrades, both to conserve energy and to reduce operating costs. By lowering greenhouse gas emissions and fuel expenses, energy efficiency benefits the economy as well as the environment in the face of climate change. Being from Bangladesh, a country that is on a trajectory to become completely submerged as sea levels rise, climate change is an important issue to me and is largely the reason why I joined EDF Climate Corps.

Before I began my fellowship, I asked myself: When there exists a seemingly obvious solution to current energy challenges, why aren’t more companies investing in these solutions? What is holding the private sector back from pursuing initiatives that not only save the company money, but can also contribute to mitigating climate change? Read More »

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New Jersey Transit Becomes a Leader in Microgrids

Source: WallyFromColumbia

Source: WallyFromColumbia

Superstorm Sandy crippled much of New Jersey’s critical infrastructure when it swept through the state two years ago. Stuck without power at home, many of the state’s residents also couldn’t get to work because the operations center for New Jersey Transit (NJ Transit) flooded, damaging backup power systems, emergency generation, and the computer system that controls train operations.

New Jersey is doing its best to make sure that won’t happen again. After a highly competitive grant process, NJ Transit last week received $1.3 billion in federal funds to improve the resilience of the state’s transportation system in the event of devastating future storms. The funds include $410 million to develop the NJ TransitGrid into a first-of-its-kind microgrid capable of keeping the power running when the electric grid goes down.

Microgrids are different from traditional electric grids in that they generate electricity on-site or nearby where it’s consumed. They can connect to the larger grid or island themselves and operate independently. Read More »

Also posted in Clean Energy, Electric Vehicles, Energy Storage, New Jersey, Smart Grid| 3 Responses, comments now closed

Policy Change is Key to Meeting UNC Clean Energy Goals

Source: Caroline Culler

Source: Caroline Culler

Take thousands of people, put them on a college campus – and watch the energy and water usage spike. That's what happens in the fall at universities across the country when students flood back to classrooms and dorms.

The nation's oldest public university system is keeping a keen eye on utility meters. The University of North Carolina (UNC) is on its way to reducing energy and water use by 30 percent by 2015.

Also noteworthy is UNC's goal for 2050, when the university's 17 campuses aim to be carbon neutral.

Slowing down UNC's progress are North Carolina statutory restrictions that make it difficult for campuses to finance and use their own renewable energy. Read More »

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