Energy Exchange

The Spread of Green Banking Paves the Way for Clean Energy Investments

By Brad Copithorne / Published: May 13, 2014

Source: 401kcalculator.org

While no two “green banks” are exactly the same, the idea behind these government-created financial institutions is to dramatically expand the clean energy market. Rather than providing grants to stimulate clean energy investment, green banks use attractive interest rates and other incentives to leverage money from the private sector.

In addition to offering attractive interest rates, loan-loss reserves, and other market supports, these innovative banks draw on deep expertise from the public and private sectors to help demonstrate the profitability of clean energy investments.

By the end of the year, green banks should be up and running in Connecticut, New York, and Hawaii. We hope that California will follow soon. These states form a vanguard that has recognized the value of using a small amount of public capital to generate significant private investment in clean energy. Read More »

U.S. Climate Assessment Report Warns of Energy Challenges – All of which We’re Ready to Meet

By Cheryl Roberto / Published: May 13, 2014

Photo by DAVID ILIFF. License: CC-BY-SA 3.0

There’s been plenty of attention paid to the recent release of the Third National Climate Assessment report – and appropriately so. The lead paragraph of New York Times reporter Justin Gillis’ story put it rather bluntly:

“The effects of human-induced climate change are being felt in every corner of the United States, scientists reported Tuesday, with water growing scarcer in dry regions, torrential rains increasing in wet regions, heat waves becoming more common and more severe, wildfires growing worse, and forests dying under assault from heat-loving insects.”

Even for those of us that have been urging U.S. action on climate, the assessment was pretty stark and the message was clear: the time to act came a long time ago. We need to get busy catching up.

But the optimist in me was excited about a chapter in the report that hasn’t yet gotten much attention. Chapter 4 focuses on Energy Supply and Use, and though the energy challenges caused by climate change are formidable, the U.S. is very well positioned to meet them if our leaders will get behind some practical solutions. There are five key takeaways in the Energy chapter: Read More »

Also posted in Air Quality, Clean Energy, Climate, Demand Response, Energy Efficiency, Grid Modernization / Comments are closed

Desalination can Help Solve our Water Woes, but not without Clean Energy

By Kate Zerrenner / Published: May 12, 2014

Source: Prodes Project

As drought continues to grip Texas and many other Western states, one of the solutions often discussed (and pursued) to overcome water scarcity is desalination. Simply put, desalination, or desal as it is most commonly called, is a process that removes salt and other minerals from salty (brackish) or seawater to produce freshwater for drinking and agriculture. This technology seems like a no-brainer option for addressing the state’s water woes, but the problem is that desalination uses a lot of electricity and the majority of Texas’ electricity comes from coal and gas power plants, which require copious amounts of water to generate that electricity. It doesn’t make much sense to use water to make water, especially when there’s an alternative in Texas’ abundant renewable energy resources.

Texas is the national leader in wind energy and has the greatest solar energy potential in the U.S., yet neither of these resources are being widely deployed for desal plants despite recent studies pointing to vast opportunities. Not only do these energy resources produce negligible carbon emissions, but they also consume little to no water, unlike fossil-fueled power plants. Furthermore, if we look at where brackish water sources are located compared to where the wind and solar energy potential is in this state, the overlap is pretty clear. This synergy should not be ignored. Read More »

Also posted in Clean Energy, Energy Efficiency, Energy-Water Nexus, Texas / Read 2 Responses

President Obama Goes to Walmart

By EDF Blogs / Published: May 9, 2014

By: Elizabeth Sturcken, Managing Director, Corporate Partnerships Program

I never really expected to be sitting in a Walmart in Mountain View, CA listening to President Obama speak about environmental commitments, but I am excited for the momentum he is generating, particularly in the private sector, to support the EPA announcement on carbon limits on June 2nd.

So why Walmart?

The President is making a point. Walmart gets about 25 percent of its global electricity from renewables. In the United States over all, only about 2 percent of power comes from solar sources. In 2005, Walmart set a goal to be supplied 100 percent by renewable energy. To date Walmart has 335 renewable energy projects underway or in development across their global portfolio. Having the president hold Walmart up as a role model is a great way to drive other industry leaders to follow suit. Read More »

Also posted in Clean Energy, Energy Efficiency / Tagged President Obama | Comments are closed

Utilities: Your Monopoly Days are Numbered. (Yes, We’ve Heard this Before, but this Time…)

By Dick Munson / Published: May 7, 2014

Source: S. Sepp, Wikimedia Commons

Competition from new players will drive innovation in the changing electric utility market

The blogosphere is abuzz with plans to create a new electric utility business model, one that reduces energy costs and pollution. The power company of the future, many experts say, will feature new electricity rate structures that reward efficiency, finance and integrate local, on-site power generation (like rooftop solar), and put more smart meters in the system to help us better understand and control our energy use.

Such changes could indeed help reduce consumer costs and pollution, yet they ignore larger opportunities to advance innovation and efficiency. Missing in most Utility 2.0 discussions is any real debate about the emerging electricity-services market, filled with hundreds of innovative entrepreneurs who want to profitably provide consumer services that revolutionize how we use and interact with electricity. Instead, most experts simply assume the monopoly structure of the past several decades will continue. The introduction of new players into the electricity market, however, challenges that assumption. Read More »

Also posted in Clean Energy, Demand Response, Electric Vehicles, Energy Efficiency, Grid Modernization, Utility Business Models / Comments are closed

Can Texas Keep the Lights On? Clean Energy Holds the Answer.

By Marita Mirzatuny / Published: May 2, 2014

On Tuesday, I had the pleasure of participating on a panel hosted by the Texas Tribune that centered on the future of Texas’ power grid and electric reliability. Joining me was John Fainter, president and CEO of Association of Electric Companies of Texas, Inc; Trip Doggett, president and CEO of the Electric Reliability Council of Texas; and Doyle Beneby, president and CEO of CPS Energy, San Antonio’s municipal utility. The panel, entitled Keeping the Lights on in Texas, took place at and was broadcasted from St. Mary’s University in San Antonio. It’s a worthwhile watch and I’m encouraged that Texas Tribune is dedicated to investigating Texas’ energy issues.

For about an hour, we discussed a variety of aspects in the current and future energy landscape of the Lone Star State. In particular, I focused on the exciting shift to give people power over their electricity use, save money, and help the environment with every flip of the switch.

Also posted in Clean Energy, Demand Response, Texas / Comments are closed