Business-friendly clean energy policies in North Carolina continue to support the success of clean energy companies – boosting job growth and economic development.
In the past 30 days alone, three corporate announcements illustrate the power of the state's Renewable Energy Portfolio Standard, which requires utilities to expand their use of renewable energy and energy efficiency, and North Carolina’s renewable energy tax credit, which rewards companies for investing in clean energy.
Strata Solar announced it has invested $1 billion in North Carolina solar energy, including 65 solar facilities in 40 counties, and employed 2,000 workers during the past five years.
The Chapel Hill-based company has the attention of Governor Pat McCrory, who praised its investment: Read More
By: Ellen Shea, Analyst, EDF Climate Corps
I recently read a white paper by Chet Lyons of the Energy Strategies Group performing a cost-benefits analysis of utility companies purchasing battery storage systems vs. simple cycle gas-fired combustion turbines (CT). These CT systems are typically used to regulate peaking capacity. The article shows how storage systems can be a great solution for utilities companies to keep up to date with the changing trends in energy in the US.
Lyons states that as we shift to using more and more renewable energy sources (such as solar PV), the electricity grid needs to be able to be more flexible to the fluctuations in supply of wind, solar, etc. In other words, we have to be able to better support the peaking capacity of the grid.
The paper makes the case for using energy storage systems as a way to meet the peaking resource needs of the grid from renewables, and also as a way for utilities to recoup some lost revenues. Lyons examined a new flow battery storage system by ViZn Energy and found it to be more effective, faster, and more flexible than traditional CTs. Additionally, following solar PV’s trend of declining costs, he believes that in the next three years these battery storage systems will be cost competitive with CTs. Read More
Several states have embraced net metering in order to encourage the adoption of solar energy and other distributed generation. Sometimes referred to as “running a meter backwards,” net metering allows people to generate their own electricity, export any excess electricity to the grid, and get paid for providing this excess energy to the utility who may use it to power nearby homes or manage overall electricity demand.
Net metering leads to lower – or in some cases negative – electricity bills without having to invest in expensive batteries to store excess energy, which can be cost-prohibitive. By generating energy on-site where it’s consumed, net metering also reduces the strain on distribution systems and cuts the amount of electricity lost to long-distance transmission and distribution (estimated at seven percent in the U.S.). Net metering, moreover, tends to reduce greenhouse gas emissions by incentivizing people to adopt renewable energy and become more aware of energy-saving opportunities. Read More
Considering installing solar panels or weatherization to go along with the remodeling project you’ve been thinking about? Energy bills would drop and your carbon footprint would shrink, a true win-win.
Whether it’s financially doable may depend on where you live, of course. Clean energy financing in the United States is a hodgepodge of public and private-sector programs that vary considerably across, and within, state boundaries.
What will it take?
Connecticut homeowners in some – but not all – cities can tap into the state’s Smart-E loans available from five- to 12-year terms at an interest rate that won’t exceed 6.99 percent, and with no equity down. Read More
Revolutionary paradigm shifts often require cohesive development of many moving parts, some of which advance more quickly than others in practice. Germany’s revolutionary Energiewende (or “energy transition”) is no exception. Set to achieve nearly 100 percent renewable energy by 2050, Germany’s Energiewende is one of the most aggressive clean energy declarations in the world. While growth of Germany’s installed renewables capacity has been explosive in recent years, optimization measures designed for Energiewende have manifested at a relatively slow pace.
Germany already has one of the most reliable electric grids in the world, but as implementation of Energiewende continues, optimization will be key to its future success. This will require better sources of backup generation to accommodate the intermittency of wind and solar, a dynamic energy market that ensures fair compensation for this backup, and a more flexible, resilient grid enabled by smart grid technologies to fully optimize demand side resources and a growing renewable energy portfolio. Read More
For more than 100 years, the U.S. power system relied on fossil-fueled power plants to meet our growing energy demand. Now, clean energy resources like renewables are quickly changing our energy mix. But what happens when the sun isn’t shining or the wind isn’t blowing? What about when power demand momentarily outpaces supply? That’s where batteries and energy storage come in, offering a fundamental, even disruptive change to the U.S. electricity system as we know it.
Batteries are energy game-changers
Today’s electricity system not only overproduces to be prepared for unforeseen problems, it also deploys dirty “peaker” plants that fire up during those few times per year when electricity demand is high (like during a heat wave) and the electric grid is stressed. With batteries, there’s no need for either overproduction or inefficient backup reserves, ultimately saving both utilities and customers money.
Batteries can provide bursts of electricity incredibly fast, often in milliseconds, and with far quicker reaction times than traditional power plants. As a result, energy storage helps the electric grid absorb and regulate power fluctuations, providing electricity fast, when and where it’s needed. Since the supply and demand of power must be carefully balanced, this ability helps prevent the grid from experiencing brownouts or blackouts. Read More