Energy Exchange

Clean Energy Conferences Roundup: January 2015

By EDF Blogs / Published: January 5, 2015

Each month, the Energy Exchange rounds up a list of top clean energy conferences around the country. Our list includes conferences at which experts from the EDF Clean Energy Program will be speaking, plus additional events that we think our readers may benefit from marking on their calendars.

Top clean energy conferences featuring EDF experts in January:

Jan 26-27: Net Metering 2.0 and Utility Solar Rates, Anaheim, CA
Speaker: Jamie Fine, Senior Economist

Net metering was a simple and appropriate rate mechanism when the solar industry was in its infancy and consumer-installed PV panels were relatively uncommon. But as policies and incentives enticed increasing numbers of home owners and businesses to adopt solar, the growing penetration of these resources onto the grid has resulted in some uncomfortable balancing acts among utilities, customers, regulators, solar providers, and other stakeholders important to the process. The objective of this conference is to explore rate structures that facilitate meeting solar development goals for consumer adoption, while striking an optimum balance among all solar development stakeholders, including utilities, and their business models.

Posted in Clean Energy, Conference Roundup / Comments are closed

Why Falling Oil Prices Don’t Hurt Demand for Renewable Energy

By EDF Blogs / Published: January 5, 2015

By: Victor A. Rojas, Senior Manager, Financial Policy, and Paul Stinson, Program Coordinator

It’s understandable that many people would look at falling oil prices and wonder what it might mean for clean, renewable energy sources. Some recent headlines even suggest that cheaper crude might spell doom for the burgeoning clean energy economy.

Over the last six months, the price of crude oil has fallen by about 40 percent, currently trading below $60 a barrel, the lowest it’s been since 2009. Continuing global production and oversupply mean oil prices could remain low through the winter months and well into 2015.

While it’s true that stocks for some of the more trusted, clean energy investments are being dragged down by dipping oil prices, it doesn’t mean demand for clean energy is also suffering. In fact, as oil prices have tumbled, demand for energy efficiency and renewable energy only keeps growing.

Oil can mean energy, but energy doesn’t mean oil

The historic correlation between the price of oil and the demand for renewable energy has been increasingly weakened in today’s global markets. Like apples and oranges, we use oil and renewables to make completely different types of juice: oil primarily to produce transportation fuels, and renewables primarily to generate electricity. From an economics perspective, oil and renewables are not substitutes: when the price of one decreases, demand for the other does not decrease. Read More »

Posted in Clean Energy, Energy Financing, Investor Confidence Project, Natural Gas, Renewable Energy / Read 1 Response

Utility 2.0: What are Utilities Doing to Meet New York’s Vision for a 21st Century Energy System?

By Abbey Brown / Published: December 19, 2014

Since the New York Public Service Commission (Commission) opened its Reforming the Energy Vision (REV) proceeding in the spring to modernize the state’s electricity system, a lot has happened. Namely, New York utilities are already working to align themselves with the broad objectives outlined in the REV proceeding. Here is an overview of efforts by the state’s big players:

CON EDISON – Brooklyn/Queens Demand Management Program

Growth in electricity demand in parts of Brooklyn and Queens is taxing infrastructure and will require action from Con Edison to ensure reliability. Con Edison could pursue a costly $1 billion substation upgrade to meet this rising demand. Instead, the utility is slashing needed investment by half and plans to invest around $500 million – $305 million in traditional utility investments and $200 million clean energy resources – to address the area’s growing energy needs as part of its Brooklyn/Queens Demand Management program. Measures include:

Demand Response (a tool that pays customers to conserve energy when the electric grid is stressed): A new demand response system from energy services provider Alstom, which would allow 3.3 million customers to be compensated for the value they provide to the grid.
Energy Storage: Battery-based energy storage for electricity produced when electricity demand is low (off-peak hours) for use when demand is high (peak periods), easing the burden on the electric grid at those times.
Microgrids (which generate electricity nearby or on-site where it’s consumed): The development of microgrids to improve resiliency and enable the aforementioned demand response system.
Electric Grid Resilience and Optimization: Expanded use of smart meters, which provide detailed electricity use data throughout the day, will improve response time to power outages and give customers more control over their energy usage.

Posted in Clean Energy, Demand Response, Energy Efficiency, New York, Renewable Energy, Utility Business Models / Tagged Energy Storage, microgrid, Reforming the Energy Vision | Read 2 Responses

Bringing Storage Beyond the Closet and into the Socket

By Larissa Koehler / Published: December 9, 2014

EDF’s Innovators Series profiles companies and people across California with bold solutions to reduce carbon pollution and help the state meet the goals of AB 32. Each addition to the series will profile a different solution, focused on the development of new technologies and ideas.

When someone says the word “storage,” the first thing that usually comes to mind are boxes stuffed into the back of the closet, or that deserted facility with orange doors near the freeway off-ramp.

These days, energy innovators across California are giving storage a whole new meaning – and helping to revolutionize the system that brings electricity to homeowners and businesses alike. One of the entities leading this revolution is Pacific Gas & Electric Company (PG&E), a utility in the midst of piloting new battery energy storage technology to determine how effectively it can provide a variety of grid services, including the integration of intermittent renewable generation from solar and wind.

Increasing amounts of distributed energy generation in both urban and rural areas – coupled with increasing customer demand associated with things like population growth and consumer electronics – makes energy storage an important tool to keep generation and energy use in balance. This balancing function is an important asset for integrating renewables into the grid, as storage can soak up solar and wind energy when they are abundant and discharge that energy when it is otherwise unavailable. Through this charge / discharge cycle, energy storage could lower the need for traditional fossil fuel sources and reduce resultant air pollution. Read More »

Posted in California, Clean Energy / Tagged Energy Storage | Comments are closed

Clean Energy Conferences Roundup: December 2014

By EDF Blogs / Published: December 1, 2014

Top clean energy conferences featuring EDF experts in December:

Dec 3: Abundance or Scarcity? Re-examining U.S. Oil and Gas Policy, Washington, D.C.
Speaker: Elgie Holstein, Senior Director for Strategic Planning

Recent growth in domestic oil and gas production is transforming the U.S. energy sector and challenging the paradigm of energy scarcity that has underpinned federal policy for the last 40 years. Join us to hear leading energy experts discuss this topic and examine policy issues related to exports, infrastructure, natural gas as a transportation fuel, and the climate.

Posted in Clean Energy, Conference Roundup / Comments are closed

Two Years After Sandy, the Conversation Around Energy Resiliency Still Going Strong

By EDF Blogs / Published: November 17, 2014

By: Audrey Hornick-Becker

From left to right: Bruce Schlein, Director, Alternative Energy Finance, Citi; Vic Rojas, EDF senior manager, financial policy; Bryan Garcia, President, Connecticut Green Bank; Alfred Griffin, President, NY Green Bank. Source: Maria Jiang.

Last week, EDF co-hosted a successful first-of-its-kind Resilience Finance Symposium in New Jersey, attended by about 120 participants from a wide spectrum of public and private entities in the state, region, and country.

Held on November 12 with Governor Christie’s Administration and the New Jersey Institute of Technology’s College of Architecture + Design, the all-day Resilience Finance Symposium: Building Resilient and Sustainable Energy Solutions for New Jersey’s Key Infrastructure featured a series of panels on solutions that help keep the lights and heat on during critical times, like microgrids and energy storage, as well as innovative ways of financing resilient energy systems.

A main topic of discussion was the impressive progress New Jersey has made toward making the state’s energy infrastructure more resilient in the two years since Superstorm Sandy caused a massive weeks-long power outage. Panelists pointed to Sandy success stories – those instances when power stayed on even when the grid went down – and discussed the need to make these kinds of successes the norm rather than the exception. Read More »

Posted in Clean Energy, Energy Efficiency, Energy Financing, Grid Modernization, Investor Confidence Project, New Jersey, Renewable Energy / Comments are closed