Energy Exchange

What We Can Do to Ensure Solar Panels Work During the Next Sandy

By Mina Berkow / Published: August 4, 2014

Source: Lewis Clarke

New Jersey is a national leader in solar power. With close to 1,300 MW of solar energy currently installed, the state ranks third in the country in solar capacity.

A commitment to photovoltaic (PV) technology has helped New Jersey reduce carbon emissions, create jobs, and lower electricity bills. Yet despite its impressive track record in New Jersey, distributed solar PV proved vulnerable when it was most needed – during an historic electricity outage in the wake of Superstorm Sandy. With another hurricane season upon us, it’s a good time to look at ways solar can be utilized when the grid fails.

An unfortunate reality

When Superstorm Sandy hit, residential and commercial PV owners were frustrated upon realizing that their solar panels were rendered useless without a functioning central grid, even when the sun was shining brightly. Read More »

Also posted in Clean Energy, Grid Modernization, New Jersey / Comments are closed

The 2014 U.S. Clean Tech Leadership Index: Did your State, City Make the Cut?

By Gavin Purchas / Published: July 30, 2014

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 »

Also posted in Clean Energy, Electric Vehicles, Energy Financing / Comments are closed

How Big Data Can Fight Climate Change in Los Angeles

By Jorge Madrid / Published: July 29, 2014

Map from the LASER Atlas showing temperature rise projections in Los Angeles

You may be wondering – as I was before we started a project with the UCLA Luskin Center for Innovation over a year ago – “what the heck does Big Data have to do with climate change?”

To start, here’s a piece from Climate Central that exemplifies the new power of big data.

“Big Data allows you to say simple, clear things…to tell people about their climate locally in ways they can understand.”

Through taking information created all around us and applying thoughtful analysis, we can comprehend and unleash it to solve our greatest challenges. For EDF, that means partnering with the country’s top universities and most innovative companies to address the biggest challenge of our time – climate change.

Today we launch the newest version of the Los Angeles Solar & Efficiency Report (LASER), a data-driven mapping tool that can help stakeholders and local leaders understand climate and pollution risks in their own communities. Empowered by this information, they can seek out and maximize available resources to deploy clean energy, reduce climate pollution, and create tens of thousands of much-needed jobs. Read More »

Also posted in California, Clean Energy, Climate, Energy Efficiency / Comments are closed

NARUC Summer Meeting Highlights Clean Power Plan, Changing Utilities

By Diane Munns / Published: July 29, 2014

The Official CTBTO Flickr

The annual summer meeting of the National Association of Regulatory Utility Commissioners (NARUC) is a meeting of the minds like no other. Utility companies, regulators, staff, advocates, and trade press from around the country gather to discuss emerging trends and challenges, and it’s a great opportunity to understand what is on the collective mind of those empowered to oversee our country’s electricity system.

This month, over a thousand utility professionals attended the 2014 NARUC summer meeting in Dallas, which was dominated by two topics: the Environmental Protection Agency’s (EPA) proposed Clean Power Plan and the evolving utility business model.

This resulted in some very interesting conversations about changing the regulatory paradigm to incent the use of new technologies, optimize grid operations, and achieve reductions in greenhouse gas emissions. Read More »

Also posted in Clean Energy, Clean Power Plan, Climate, Demand Response, Grid Modernization, Utility Business Models / Comments are closed

After 130 Years, New York Rethinks its Electric Utility Model

By John Finnigan / Published: July 28, 2014

Source: Frank Edens Flickr

America’s electric grid has not been updated since World War II when telephones, dishwashers, and air conditioning were the cutting-edge technology innovations of the century.

Today, this same grid is struggling to cope with the technological advances of the last decade, a reality that hit home for New Yorkers in the wake of Superstorm Sandy when millions of people lost power for days and even weeks.

But New York is taking steps to change this. A proposal to overhaul the state’s utility business model could dramatically change how people interact with their power company.

It could bring in innovative technology to help homes and businesses better manage their own energy needs, while at the same time reduce carbon emissions – changes that would have national implications. Read More »

Also posted in Clean Energy, Grid Modernization, New York / Read 1 Response

What Two Recent Transactions Say about the Future of Clean Energy Finance

By Brad Copithorne / Published: July 23, 2014

PACE financing allows home owners to install solar panels and repay their loans through their property tax bill. Photo source: Michael Coghlan Flickr.

PACE financing allows home owners to install solar panels and repay the loans through their property tax bill. Photo source: Michael Coghlan Flickr.

Last week saw the completion of two exciting finance transactions that will increase investment in and reduce costs for clean energy projects.

In the first transaction, Renovate America, announced that it raised $50 million in venture capital funds to expand operations. The San Diego-based company develops residential Property Assessed Clean Energy (PACE) programs, which allow home owners to repay loans for energy efficiency and/or renewable generation through their property tax bill. Renovate America runs the successful HERO program, which in its first two years of operation provided $130 million in financing to homeowners in western Riverside County to retrofit their homes and reduce electricity bills.

So far this year, Renovate America has invested an additional $120 million to fund retrofits across California. EDF hopes the recently announced $50 million capital injection will not only allow Renovate America to continue its California expansion, but to expand to other states in the near future as well. We plan to work closely with Renovate America and their primary competitor Renewable Funding, which closed its venture round in April by raising $20 million. EDF’s collaboration with both companies will help additional states create residential PACE programs, attract investment for homeowners, and create jobs. Read More »

Also posted in Clean Energy, Energy Financing / Tagged PACE | Read 3 Responses