Category Archives: Energy Efficiency

Is Clean Energy Technology Booming? Five Reasons It Is.

To see the full infographic, go to greentechmedia.com.

By: Benjamin Schneider

You may have heard about the recent 60 Minutes segment that inexplicably reported the cleantech sector was in steep decline. There are quite a few reports out there breaking down the many fallacies of that segment, with most correctly concluding the sector is not dead, it is in fact booming and evidence of that surging momentum is everywhere you look. Consider these five examples that show just how good things are for cleantech these days:

1.  The solar industry is booming.

The facts are unequivocal: the solar industry is alive and well. According to a new report and infographic released this week by Greentech Media Research and the Solar Energy Industry Association (SEIA), 2013 was a banner year. Read More »

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Funding the Future with a California Green Bank

rp_Brad_Copithorne-199x300.jpgTwo weeks ago, State Senator Kevin de León introduced a bill to establish the first “Green Bank” in California, a bold proposal that would unleash low-cost financing opportunities for clean energy projects throughout the Golden State.

I recently had the opportunity to testify at a hearing on the bill to discuss the best practices for green banks across the country and how the program would work in California.

First, a bit more on Green Banks:

At its core, the program is a clean energy finance bank set up by the state, designed to enable increased investment in clean energy projects and companies by working closely with the private sector to remove financial or structural barriers.   The goal is simple: increase the amount of clean energy at a low-cost and encourage private investment by reducing the overall risk of clean energy projects. Read More »

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Hawaii Taps On-Bill Repayment Program for Clean Energy Financing and Job Creation

Source: The Green Leaf

Source: The Green Leaf

EDF has been advocating for states to establish On-Bill Repayment (OBR) programs that allow property owners and tenants to finance clean energy retrofits directly through their utility bills with no upfront cost. California and Connecticut are working to establish OBR programs, but Hawaii is expected to beat them to the punch. Hawaii’s program is critical as electric rates are about double the average of mainland states and most electricity has historically been generated with dirty, expensive oil.

Given the potential of OBR to lower electricity bills, reduce that state’s carbon footprint, and expand job growth in the clean energy sector, EDF has been working closely with Hawaii and multiple private sector investors for the past year to develop their OBR program. Once formally launched later this spring, Hawaii’s program will be one of only two in the nation, preceded by New York who enacted their program in 2011.

Read More »

Also posted in Clean Energy, Energy Financing, On-bill repayment, Renewable Energy, Utility Business Models | Tagged , | 1 Response, comments now closed

NYCEEC, NY State Green Bank Clear the Way for Clean Energy Financing of Retrofits

By: Susan Leeds, CEO of the New York City Energy Efficiency Corporation (NYCEEC)

Source: AtisSun

Source: AtisSun

As New York City gets repeatedly hammered by snow, ice and the evil “wintry mix,” one could almost forget the world is warming at an ever faster clip. But the experts in the room earlier this month at the roundtable discussion on ‘Economics of Energy Retrofits’ at Urban Green Council (New York’s chapter of the U.S. Green Building Council) know the debate is over. Climate change is real and the window for action is closing. That’s why it’s more important than ever to work toward removing barriers to clean energy financing now.

As the De Blasio administration strives to build a more affordable New York City it’s important to note that clean energy building upgrades are central to this mission. By reducing energy use, building owners and their tenants can realize millions of dollars in annual savings while slashing dangerous carbon pollution for cleaner air and water. Read More »

Also posted in Clean Energy, Energy Financing, Investor Confidence Project, On-bill repayment, Utility Business Models | Comments closed

New York’s Con Edison to Take New Measures Protecting Against the Effects of Climate Change

By: Elizabeth B. Stein, Attorney and Adam Peltz, Attorney

Source: Iwan Baan

Source: Iwan Baan

The New York State Public Service Commission (Commission) took a historic step late last week, unanimously approving an Order that requires Con Edison to implement state-of-the-art measures to plan for and protect its electric, gas, and steam systems from the effects of climate change. This announcement regarding the future of New York State’s largest utility comes as a welcome coda to local storm recovery and resiliency efforts that have been in the works for some time now.

On October 29, 2012, Superstorm Sandy clobbered the coastline of New York City. Homes were swept away or badly damaged as corrosive salt water flooded basements, while millions lost power. In one of the enduring images of the storm, an exploding transformer at East 14th Street caused the “city that never sleeps” to go dark below 40th Street and stay that way for the better part of a week. Read More »

Also posted in Clean Energy, Climate, Demand Response, Dynamic Pricing, Energy Financing, New York, Smart Grid, Utility Business Models | 1 Response, comments now closed

Preliminary Results Find Demand Response-Green Building Partnership is Off to a Great Start

LEED3

The preliminary results of the Demand Response Partnership Program (DRPP), a unique partnership launched by EDF and the U.S. Green Building Council (USGBC) in 2011, are now available in the 2013 DRPP Overview. Photo source: Harvard University.

Buildings account for 40% of our nation’s electricity use. In 2012, power plants spewed about 2 gigatons of global warming pollution into our air, which was about one-third of total U.S. emissions. That’s why EDF and the U.S. Green Building Council (USGBC) teamed up to launch the Demand Response Partnership Program (DRPP) aimed at increasing the participation from commercial buildings in host utility demand response (DR) and smart grid programs. Now, 2 years into the program, the preliminary results of this collaboration are available in our 2013 DRPP Overview.

DR is used to reduce energy use by rewarding utility customers who use less electricity during times of “critical,” peak electricity demand. Through DRPP, we leveraged relationships with the building community asking LEED projects to operate in low power mode when the grid is stressed. LEED ‘Pilot Credit 8: Demand Response’ has been developed as an incentive and implementation guideline.

This study evaluated three areas to measure the program’s success in 2013: Recruitment and outreach to potential participants, research and analysis of data from participants, and education about the DRP Program. A few key highlights are outlined in the Overview: Read More »

Also posted in Clean Energy, Demand Response, Renewable Energy, Smart Grid | Tagged , | 1 Response, comments now closed

Governor Christie Proposes New Energy Resilience Bank to Prevent Future Superstorm Blackouts

mary1New Jersey has proposed using federal Sandy relief funds to set up an Energy Resilience Bank that would fund projects to make the state’s energy infrastructure more resilient in the face of extreme weather events. The Bank is an innovative proposal that will help New Jersey prepare for the future in the wake of Superstorm Sandy, which destroyed thousands of homes and businesses, causing human loss and suffering that continues for many today.

Climate change increases the likelihood that New Jersey will continue to be buffeted by storms such as Sandy, which exposed and underscored the need to upgrade to a more resilient, low-carbon energy infrastructure when a third of the state lost power for nearly a week. The Energy Resilience Bank, which will be capitalized at $210 million, would help expedite this process, allowing the state to keep the lights on and residents safer during the next storm. Read More »

Also posted in Clean Energy, Renewable Energy, Smart Grid | 1 Response, comments now closed

Secretary Moniz Deems Austin’s Pecan Street ‘Very Impressive’

This commentary originally appeared on our Texas Clean Air Matters Blog.

EDF's Marita Mirzatuny with Secretary Moniz at Pecan Street's Pike Powers Labratory

EDF's Marita Mirzatuny with Secretary Moniz at Pecan Street's Pike Powers Labratory

Earlier this month, I had the privilege of presenting a short summary of EDF’s Smart Power Initiative to Dr. Ernest Moniz, the U.S. Secretary of Energy. As a group of over 30 people piled into the Pike Powers Laboratory (including the lab’s namesake), the Secretary made his way in, beelined for some coffee, and sat down to hear all about Austin’s innovative and collaborative energy “ecosystem.”

Present was the Mayor of Austin, Lee Leffingwell, various cleantech entrepreneurs sponsored by the Austin Technology Incubator (ATI), representatives from the State Energy Conservation Office (SECO), and the Governor’s office, among others.

Everyone had the opportunity to speak to the Secretary in a roundtable format about the work their particular company or group is doing to solve energy problems, and as EDF’s representative, I reported on our Smart Power work in Texas. Read More »

Also posted in Clean Energy, Demand Response, Renewable Energy, Smart Grid | Tagged | Comments closed

Meeting Retrofit Chicago’s Energy Goals: Three Key Constituencies

This commentary originally appeared on the EDF Climate Corps Blog.

ellen_bell287x377Following the lead of mayors and governors across the country, last month the President announced energy as a priority for the year. By focusing on energy management, organizations are contributing to the transformation of energy use in the country, saving billions in energy costs and cutting greenhouse gas emissions.

Mayor Rahm Emanuel’s Retrofit Chicago initiative, aimed at reducing participating buildings energy use in the city by 20 percent within the next five years, is a compelling example of this. For this reason, EDF Climate Corps, an innovative summer fellowship program that places specially trained graduate students in organizations to save energy and related costs, is working to recruit organizations in Chicago this month.

To ramp up energy savings in the area, EDF Climate Corps has already signed on AT&T, McDonald’s Corporation, Shorenstein Properties and Jones Lang LaSalle. Each summer, EDF Climate Corps fellows evaluate organizations for energy savings opportunities with many of them uncovering stakeholder engagement as a key savings opportunity.

After 400 EDF Climate Corps engagements, the program has found that there are three key constituencies to tap into for energy management:

Read More »

Also posted in Clean Energy, Climate, Demand Response, EDF Climate Corps, Energy Financing, Illinois, On-bill repayment, Renewable Energy | Comments closed

EDF’s Energy Efficiency Protocols Serve as a Model at ESCO Europe 2014

By: Matt Golden, Senior Energy Finance Consultant 

1ICP LogoAs interest in and adoption of EDF’s Investor Confidence Project (ICP) protocols has continued to grow in the United States, so too has interest internationally. The Investor Confidence Project was invited to showcase our efforts at ESCO Europe, the continent’s largest conference for energy service providers. This year, the conference was held in Barcelona, Spain and drew an array of participants from across Europe and the public and private sectors, including representatives from finance companies, governments, and non-profits with interests in the energy industry.

I was privileged to serve as both a panelist in a roundtable discussion on barriers to ESCO financing, and a speaker on “Improving Access to Finance,” a well-attended session with representatives from the European Investment Bank, European Bank for Reconstruction and Development, and European Energy Efficiency Fund.

EDF was invited to attend this conference based on a series of conversations over the last year with European stakeholders facing the same barriers to investing in energy efficiency as their American counterparts. With policymakers in Europe similarly counting on a vast expansion of the market in building retrofits and an expected influx of private and public capital, there is a focus on standardization and policies that can enable capital and investors to enter the market with fewer transaction costs. Read More »

Also posted in Clean Energy, Energy Financing, Investor Confidence Project | 1 Response, comments now closed