Selected category: Energy Financing

These Policy Solutions Can Help Unleash The Full Potential of Renewable Energy

cps-energy-4New installed renewable energy capacity surpassed coal for the first time last year, the International Energy Agency reported recently.

It means that we added more wind and solar to our global energy system than oil, gas, coal or nuclear power combined – a trend that is expected to continue over the next five years.

But to truly transition to a global clean energy economy, we must accelerate this growth rate and modernize our electricity grid to maximize the potential of these new renewables. That way we can use as much clean energy as possible on any given day.

Many of these optimizing solutions already exist today.

They include technology such as powerful batteries that can store energy when renewables don’t produce electricity, for example, when the sun is shaded by a cloud.

There are also energy management tools such as demand response that pay customers for saving energy at critical times when the grid needs it. And innovative electricity pricing programs that encourage customers to shift some of their power use to times of day when clean energy sources are plentiful and electricity is cheaper.

All can, with the help of good policy, make the most of variable energy sources – as would a modernized and more dynamic electric grid. Read More »

Also posted in California, Clean Energy, Community Solar, Demand Response, Electricity Pricing, Energy Storage, Grid Modernization, Solar Energy| Comments are closed

Affordable Housing Can Save Money, Water, and Energy with this Innovative Finance Tool

By Laura Sanchez, EDF Climate Corps 2016 Fellow

Like many booming cities, Texas’ capital is experiencing overwhelming demand for affordable housing. Austin’s Mayor Steve Adler highlighted the affordable housing crisis shortly after taking office in January 2015, and urged the use of Property Assessed Clean Energy (PACE) to help encourage affordability. PACE enables commercial, industrial, and multifamily property owners to improve the water or energy efficiency of their buildings – without having to worry about steep upfront costs. Investing in these types of upgrades can reduce a property’s operating costs, as well as tenants’ utility bills.

That’s why I spent this past summer with Environmental Defense Fund (EDF), as an EDF Climate Corps Fellow with Texas PACE Authority, the PACE program administrator in the state. In June 2016, Mayor Adler created a committee of housing experts to determine how to leverage PACE for affordable housing. Alongside the committee, I worked to size up the opportunity, benefits, and challenges of using PACE to help pay for upgrades to affordable multifamily-housing properties.

After conversations with officials and program administrators from over 30 public for-profit and non-profit entities, we found there are significant opportunities – in Texas and nationwide – for the affordable multifamily-housing sector to leverage PACE. We are proud to present a new whitepaper that can serve as a guide to unlocking water, energy, and cost savings. Read More »

Also posted in Energy Efficiency, Solar Energy| Comments are closed

Is Mainstream Corporate America Jumping on the Clean Energy Bandwagon?

ellen_blog_box3-finalBy Ellen Shenette, EDF Climate Corps Analyst

It’s no secret that renewable energy is becoming cheaper, and while we’ve seen companies like Google and Microsoft investing in utility-scale renewables, what about mainstream corporate America? Are large corporations jumping on the clean energy bandwagon or are they dragging their feet? As a data analyst at EDF Climate Corps, I turned to the numbers for answers. Fortunately, I didn’t have to look far. An analysis from our recently release report: Scaling Success: Recent Trends in Organizational Energy Management, says it all.

For almost a decade, EDF Climate Corps has been partnering with business to save money and reduce greenhouse gas emissions by improving energy efficiency through our graduate fellowship program.

As I followed the numbers, a new clean energy trend stood out: over the last 5 years, clean and renewable energy projects have grown five-fold, with 1/3 of our partner organizations working on at least one clean energy project in 2015. Companies have been using their EDF Climate Corps fellows to decipher the complex landscape of technologies, policies, procurement strategies, and financing options for renewable energy. As we tally the results for our 2016 fellowship program, we expect the focus on clean energy to continue to grow, and don’t plan on it stopping anytime soon.

Read More »

Also posted in Clean Energy, EDF Climate Corps, Energy Efficiency, General, Solar Energy, Wind Energy| Comments are closed

Why Clean Energy is Center Stage on International Day of Peace

poster-largeEach year since 1981, the United Nations (UN) recognizes an International Day of Peace on September 21. The day is intended to strengthen peace both within and among nations.

As an environmental advocate, I can’t help but think about the effects of climate change on the current state of global peace. And while there are a few climate deniers out there, those who have looked at the science are saying climate change poses a serious threat to global security and peace.

Fortunately, the UN agrees – which is why they chose to focus this year’s International Peace Day on Sustainable Development Goals. Unanimously adopted by all 193 UN member states, the Sustainable Development Goals are broken down into 17 focus areas and are part of a broader agenda to fight inequality, injustice, and climate change by 2030.

Goal 7 – “ensure access to affordable, reliable, sustainable, and modern energy for all” – is a hugely important part of fostering global peace. The world needs affordable, reliable electricity to heat, cool, and power our homes, and to encourage economic growth. But we also need this electricity to be clean, modern, and efficient, so it doesn’t pollute our communities and exacerbate climate change.

Here are four ways the U.S. is doing our part to achieve an affordable, reliable, sustainable, and modern energy system for all:

Read More »

Also posted in California, Data Access, Energy Efficiency, Energy Equity, Energy-Water Nexus, Grid Modernization, Illinois, New York, Solar Energy, Texas| Comments are closed

3 Reasons We Can Feel Good about Where Energy Efficiency is Headed

Buildings2“I am the Lorax. I speak for the trees. I speak for the trees for the trees have no tongues.” – Dr. Seuss, The Lorax.

As a child, that line from the classic Dr. Seuss book struck a chord in me, far beyond the giggle it caused when I thought of trees having tongues. The quote clearly imprinted the idea that – when a situation needs attention – those who can speak, should. For me, one of those situations is sharing the good news that energy-efficient buildings are cleaner and smarter than ever.

Buildings can be big polluters: 70 percent of the world population will live in cities by 2050, adding 40 percent to the current world building stock. As energy-efficient structures develop in growing countries, the U.S. can help stay competitive by retrofitting its existing buildings. Plus, improving building efficiency can contribute to reductions in global CO2 emissions from buildings by 83 percent below business-as-usual by 2050, reports the World Resources Institute.

I believe we are well on our way to creating a cleaner, smarter energy future. My optimism is fueled by efficiency trends in three important arenas: people, places, and partnerships.

Read More »

Also posted in Energy Efficiency, Grid Modernization, Illinois| Comments are closed

Equity Crowdfunding Is Good News for Cleantech

CrowdfundingescenseBy Andrew Strong, VP of Strategy & Business Development at LOHAS Capital

On May 16, 2016, the final piece of the Jumpstart Our Business Startups (JOBS) Act took effect and drastically changed the investment landscape by allowing equity crowdfunding. Equity Crowdfunding is a way for a large number of individuals to invest in a startup, for as little as $100 each, in exchange for a share of the company’s value.

Four years in the making, the new rules now allow companies to raise money online by accepting investments from both accredited investors (the 2 percent of Americans worth at least $1 million, who earn more than $200,000 per year) and unaccredited investors (the 98 percent of Americans with less wealth). This new investment model could have huge implications for cleantech entrepreneurs, and everyday Americans who want to participate in the next big energy innovation.

Read More »

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    EDF Energy Exchange - Accelerating the clean energy revolution

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