Energy Exchange

Investor Confidence Project Aims To Develop Multi-Billion Dollar Energy Efficiency Finance Market

By EDF Blogs / Published: July 17, 2013

This commentary, authored by James Lester, originally appeared on Cleantech Finance. 

Last month, we discussed an influential new report by Ceres and the Investor Network on Climate Risk (INCR), Power Factor: Institutional Investors’ Policy Priorities Can Bring Energy Efficiency to Scale. The report detailed several policies that if put in place, could unlock broad-based financing from institutional investors for energy efficiency, a potential several hundred billion dollar investment opportunity.

Among the issues that prevent large scale energy efficiency financing, Ceres and others have found that there is no systematic method to measure the accuracy of the initial predicted energy and financial savings of each project. There is not a robust fundamental way to make sure the upgrades are performing after they have been completed. The Environmental Defense Fund (EDF) and a collection of expert partners are working to change that.

EDF has worked with a variety of industry experts to design a straightforward set of protocols that define a clear road-map from efficiency opportunity to an investment quality project with reliable returns and access to markets. The project, known as the Investor Confidence Project (ICP) hopes to enable a market for investment quality energy efficiency projects, by reducing transaction costs and engineering overhead, while increasing the reliability and consistency of savings. Read More »

Posted in Energy Efficiency, Investor Confidence Project, On-bill repayment / Comments are closed

One Way Or Another, We All Profit From Clean Energy

By EDF Blogs / Published: July 16, 2013

This commentary, authored by Dan Upham, originally appeared on EDF’s Voices blog.

When the folks at oilprice.com wanted to take a look at the clean energy landscape and see what opportunities might exist for energy investors, they turned to Jim Marston, the head of Environmental Defense Fund’s U.S. Climate and Energy program and regional director of our Texas office.

“As an environmental organization, EDF doesn’t offer investment advice,” Marston was quick to explain. “There are other, far more qualified people to recommend investment options.”

When it comes to market-based environmentalism and the economic benefits of clean energy, however, we’re in our comfort zone. And Marston is particularly comfortable talking about the “smart power” sector; the ideas, products and services that focus on clean, renewable energy and energy efficiency.

“Keep in mind that the U.S. will spend around $2 trillion over the next two decades to upgrade our outdated energy infrastructure,” Marston said, “And many companies realize that there’s a real market for products that make the existing electric grid better, greener and ‘smarter.’”

Read the full interview on oilprice.com for more.

Posted in General, Grid Modernization, Utility Business Models / Comments are closed

Austin’s Own Pecan Street Inc. Launches The Pike Powers Lab

By Marita Mirzatuny / Published: July 16, 2013

Last month, while I was speaking at the 7th Annual Platts Texas Energy Markets Conference in Houston, I missed out on celebrating a very important milestone here in Austin: The grand opening of the Pike Powers Laboratory & Center for Commercialization! The ribbon cutting on June 11th brought over 150 people, including “leaders from major technology firms, like Dell, Intel Corporation, Schneider Electric and National Instruments, along with representatives from the U.S. Department of Energy.” Named after the godfather of Austin’s technology scene, Pike Powers is located in the Mueller community in the shadow of the former air traffic control tower. As the research arm of Pecan Street Inc., the lab will be the “nation’s first non-profit smart grid research laboratory, serving as an elite industry-caliber facility for members of the Pecan Street Research Consortium.”

Priorities

Pecan Street is inviting startup firms to take their questions and challenges and incorporate them into the mission of the lab, which is driven by three priorities: commercialization, research and education.

Commercialization: Pecan Street provides a pathway for companies and utilities to test and demonstrate innovative technologies in a controlled environment and bring advanced products to market, such as new electric vehicle chargers. The lab will also conduct field-testing on technologies, such as set-and-forget home energy management tools, to ensure that products are properly evaluated before hitting the shelves. Read More »

Posted in Grid Modernization, Texas / Comments are closed

House Cuts Clean Energy Funding, Dragging Down An Entire Community Of American Innovators

By EDF Blogs / Published: July 15, 2013

This commentary, authored by Robert Fares, originally appeared on Scientific American’s “Plugged In” blog.

The U.S. Department of Energy recently partnered with Texas Tech University to commission a Scaled Wind Farm Technology (SwiFT) laboratory, which helps researchers understand how wind turbine placement affects performance. (Source: Texas Tech University)

In my last post, I discussed a House subcommittee’s shortsighted vote to slash funding for the U.S. Department of Energy’s (DOE’s) innovative Advanced Research Projects Agency – Energy (ARPA-E). I’m sorry to report that the rest of the House has now followed suit, passing a $30 billion energy spending bill that cuts a huge chunk out of clean energy programs.

Not only does the bill contain the subcommittee’s 81 percent cut to ARPA-E, it also guts energy efficiency programs and even rolls back progress in energy efficient lighting. The House’s embargo on funding for clean energy doesn’t just hurt our footing in the international race towards a new energy economy, it also drags down an entire community of American innovators working to achieve a sustainable future.

We deserve more than political posturing and moves as antiquated as the incandescent bulb. Right now, a convergence of environmental, economic and technological forces is transforming the global energy landscape. Just last month, the International Energy Agency (IEA) projected that renewable energy sources would eclipse nuclear and gas generation by 2016, and provide a quarter of the world’s energy supply by 2018. Renewable energy is unequivocally a major component of the energy landscape. Read More »

Posted in Energy Efficiency, Grid Modernization, Renewable Energy / Read 2 Responses

It’s Time Our Policies Reflect The Fact That Energy And Water Are Fundamentally Intertwined

By Kate Zerrenner / Published: July 11, 2013

When I tell people that the best way to conserve energy is to conserve water, I am often faced with a confused response.  I’m not surprised really.  Energy and water policies are rarely discussed in the same forum.  For a long time, we’ve overlooked the inextricable relationship between water and energy use.  Coal, nuclear and natural gas plants use enormous amounts of water for cooling purposes.  In 2005, 41% of all freshwater withdrawals in the nation was used in the thermoelectric power industry for cooling.

Connection between energy and water

The longstanding division between energy and water considerations is particularly evident in the case of energy and water management.  These resources are fundamentally intertwined: Energy is used to secure, deliver, treat and distribute water, while water is used (and often degraded) to develop, process and deliver energy.  Despite the inherent connection between the two sectors, energy and water planners routinely make decisions that impact one another without adequately understanding the scientific or policy complexities of the other sector.  This miscommunication often hides joint opportunities for conservation to the detriment of budgets, efficiency, the environment and public health, and inhibits both sectors from fully accounting for the financial, environmental or social effects they have on each other.

This lack of collaboration between energy and water planners is especially dire considering Texas is in midst of an energy shortage that is exacerbated by the multi-year drought.  Without adequate planning, we could someday have to choose between keeping our lights on and turning on the faucet. Read More »

Posted in Climate, Energy-Water Nexus, Texas / Tagged , , | Read 2 Responses

Is EnergyRM’s Metered Energy Efficiency Transaction Structure A Game Changer?

By Scott Hofmeister / Published: July 8, 2013

Source: EnergyRM

At EDF we are always on the lookout for innovative clean energy financing models, especially those that complement On-Bill Repayment (admittedly, one of our favorites).  When we heard about EnergyRM’s recent financing approach – which uses a combination of an Energy Service Agreement (ESA), innovative measurement and verification (M&V) and utility bill repayment – we had to find out more.

EnergyRM’s Metered Energy Efficiency Transaction Structure (MEETS) went live on the Bullitt Foundation headquarters building last month. The promise of MEETS, developed by Rob Harmon’s EnergyRM, was quickly all over the news, including the New York Times.

Quick Factoid:  The name Rob Harmon may be familiar to energy enthusiasts – he pioneered the Renewable Energy Credit (REC) 15 years ago.  The REC served to catalyze the renewables industry. Harmon hopes his newest innovation will do the same for the efficiency market.

MEETS relies on EnergyRM’s DeltaMeter, a proprietary energy modeling software, to report energy savings in real time.  The DeltaMeter seeks to address a perennial Achilles heel of many energy efficiency transactions: measurement and verification of energy savings.  EDF is addressing this same problem head-on by working with stakeholders to establish protocols and standards for efficiency projects through the Investor Confidence Project.  This complex problem, which has traditionally been part science and part art, has been impervious to a silver bullet solution.  Lots of interested folks are itching to take a look inside the DeltaMeter black box and see how EnergyRM plans to solve it. Read More »

Posted in Energy Efficiency, Grid Modernization, On-bill repayment / Read 1 Response