Energy Exchange

How blockchain could upend power markets

By Dick Munson / Published: May 4, 2017

Talk about a disruptive technology. The “world’s leading software platform for digital assets,” blockchain may be little known, but it could revolutionize electricity markets.

What is blockchain?

Blockchain, in short, is a secure, decentralized, and highly efficient way to manage and keep track of infinite transactions. Rather than being stored on a central server, peer-to-peer transactions are replicated across a number of computers, creating a data store that records exchanges in almost real time. To ensure the transactions are secure, authenticity and identity are maintained through cryptography and digital signatures.

Bitcoin – perhaps the most-recognized blockchain application – already is challenging conventional money exchangers. According to Cambridge University researchers, almost 6 million people use this cryptocurrency in order to make electronic peer-to-peer transactions without an intermediary such as a bank. And because blockchain technology is decentralized and accessible from multiple locations, Bitcoin funds can’t be frozen, withheld, seized, or taken.

New electricity opportunities

When it comes to electricity, blockchain could offer a reliable, rapid, and low-cost means to record and validate financial and operational transactions. These transactions could include selling and buying electricity – again without an intermediary, in this case the incumbent utility monopoly. In light of the rapid rise of distributed (decentralized) energy resources like batteries and solar panels, some analysts even believe the market for blockchain applications is significantly larger in the energy sector than for financial services. Read More »

Posted in Clean Energy / Read 1 Response

California’s clean-energy leadership continues

By Lauren Navarro / Published: May 1, 2017

California is a leader, and has earned that title – it is the largest state economy in the U.S. and the sixth-largest economy in the world.  Forward-thinking clean energy policies are the backbone of California’s prosperity, creating jobs and businesses for the state while cutting emissions. While the presidential administration assaults critical environmental protections nationwide, clean energy momentum is unstoppable. California’s leadership is committed and poised to move forward.

Energy policy drives economic growth

Most energy policy is done at the state level, reflecting that energy management is a fundamental concern for local residents and their livelihoods. How we make, move, and use power can create jobs and protect citizens’ rights to clean air and energy choice. The following bills currently in front of the California State Legislature illuminate the state’s path forward: Read More »

Also posted in California, Electric Vehicles, Energy Efficiency, Solar Energy / Read 1 Response

This Earth Day, 100 percent clean energy is 100 percent possible

By Jayant Kairam / Published: April 22, 2017

More than 25 U.S. cities, 12 countries, and at least 89 companies have all committed to transition to 100 percent renewable energy. That’s because they all recognize the unstoppable potential clean energy has to create jobs, strengthen and protect the economy, and fight climate change.

Now, U.S. states are throwing their hats into the 100-percent renewable ring. California and Massachusetts have proposed plans to get there, while Hawaii has made the pledge. This 100-percent dream does not come from fantasy, but is actually the result of a number of coalescing factors.

Earth Day is our time to recognize what’s more: With the right mix of clean energy technologies and solutions, 100 percent renewable is 100 percent possible.

100 percent is possible

Cost competitive and scalable renewable energy has taken off over the past 10 to 20 years. The hungry solar market in California for example, has resulted in exponential growth of utility-scale and rooftop solar over the last decade, creating over 150,000 jobs throughout the Golden State.

Recently, California powered 40 percent of its midday energy demand with solar power. A steady stream of policy actions at the state and local level – timed with the dramatic drop in costs of renewables – have helped make this possible. Across the U.S., current RPS policies alone could result in these benefits:

  • Renewables contributing 40 percent of total electricity generation in the U.S. by 2050;
  • Reducing climate change-causing greenhouse gases and harmful air pollutants like SOx and NOx (which together form ozone) by 6 percent; and
  • An almost 20 percent increase in jobs.

The bold inspiration, urgency, and benefit of 100 percent renewables is without question, but the pathway for getting there is less clear and will vary by state and region. Read More »

Also posted in California, Electricity Pricing, Grid Modernization, Solar Energy, Time of Use, Utility Business Models / Comments are closed

Four reasons to be optimistic this Earth Day

By Jim Marston / Published: April 21, 2017

I’m going to stay positive this Earth Day. I know that’s not what you might expect from me this year, but really, when it comes to America’s shift to cleaner, smarter, advanced energy, there’s reason to be optimistic.

  1. Business is booming…

The advanced energy industry is booming. This includes everything from solar and wind power, to new energy innovations that are smarter and reduce our reliance on fossil fuels, like energy storage, electric vehicles, energy efficiency, and demand response.

The industry grew 29 percent in the last five years, and last year was worth $200 billion – about the same size as the pharmaceutical industry. Tesla – a sort of poster child for the advanced energy industry – just passed Ford Motor Company and General Motors in market cap. In fact, the company dropped “motors” from its name last year, a simple recognition that it’s far more than a car company. Read More »

Also posted in California, Demand Response, Illinois, Ohio, Solar Energy, Time of Use, Wind Energy / Comments are closed

Business owners share clean energy success stories

By EDF Blogs / Published: April 20, 2017

Smuttynose Brewery in New Hampshire uses clean energy incentives to succeed.

By Roger Stephenson, EDF’s senior adviser for New Hampshire affairs

In New Hampshire, the clean energy economy is at a crossroads. On one hand, the legislature and governor remain ambivalent at best about clean energy and its role in our state moving forward. But local businesses are confident that renewable energy and energy efficiency choices already are making a positive impact. And many are calling for clean energy policies in the state to be strengthened.

Several owners were kind enough to share their time and explain what clean energy means to them and their businesses.  Through a series of videos, Environmental Defense Fund (EDF) is now sharing those stories with lawmakers, fellow business community leaders, and the clean energy sector.

Last fall, EDF sought out businesses that were growing, competing, and thriving in the Granite State with the help of existing clean energy policies. We worked closely with The Nature Conservancy, New Hampshire’s Community Development Finance Authority, and the NH Clean Tech Council.

The search did not take long: Manufacturers; restaurants; construction companies and hotels; advanced manufacturing facilities; and Main Street mom and pops are investing in their competitive future with clean energy.

Here are two samples of these enlightening clean energy videos. Read More »

Also posted in Energy Financing, Renewable Energy, Solar Energy / Read 1 Response

Why We Still Need America’s Nuclear Power Plants — At Least for Now

By John Finnigan / Published: April 17, 2017

Today’s American nuclear power industry is in a state of upheaval. Four new, large-scale nuclear power plants are under construction in the United States, helped by large federal subsidies. All are being built by Westinghouse, and all have faced massive cost overruns and delays. Westinghouse’s parent company, Toshiba, recently posted a $6 billion loss due to Westinghouse’s nuclear woes. (For context, that loss is half a billion more than Toshiba spent to buy Westinghouse a decade ago.) Westinghouse filed for bankruptcy protection on March 29.

Westinghouse’s bankruptcy shines a spotlight on nuclear power’s role as an electricity source – currently providing about 17 percent of our electricity in the U.S. – and raises issues concerning whether we can count on low-carbon electricity from nuclear power. The Energy Information Administration projects nuclear power’s share of electricity generation will decline slightly through 2040, but these projections don’t reflect current trends.

Existing plants face challenging economics

Nuclear plants have long been very expensive to build, and the continued low price of natural gas has only increased cost pressure. Many nuclear plants are losing money, leading utilities to consider retiring them. Total nuclear capacity is declining, and will continue to decline in the near future as plant retirements exceed the capacity of Westinghouse’s Vogtle and Summer plants, expected to come online in 2019-2020. Read More »

Also posted in Illinois, New York, Utility Business Models / Read 7 Responses