Energy Exchange

Dear FirstEnergy, America doesn’t need your coal plants

Why do grocers mark down the price of asparagus in the spring, or strawberries in the summer? Because they’re in season and stores have excess supply, and they need to increase demand by cutting prices. The lower prices are a sign, or “price signal,” of excess supply, and the grocers are following the economic law of supply and demand.

Electricity markets follow the law of supply and demand, too. Falling electricity prices are a price signal that we have more power plants than we need. The Federal Energy Regulatory Commission (FERC), which oversees our nation’s electric grid, reports on wholesale electricity prices, and their latest State of the Markets report is an eye-opener.

The report shows that we’re retiring old coal plants at a fast clip, but we’re adding new natural gas plants at an even faster clip – causing power prices to plummet. In PJM, the largest regional electricity market in the country, 1.9 GW of coal plants closed in 2017 as 2.8 GW of new natural gas plants were added. Read More »

Posted in Electricity Pricing, FirstEnergy, Illinois, Ohio / Comments are closed

How to measurably improve existing buildings’ energy, water, and waste impacts

Buildings are responsible for a third of harmful greenhouse gas (GHG) pollution from U.S. electricity use, with that percentage rising dramatically in urban centers. Chicago is no exception: Buildings account for approximately 70 percent of the city’s GHG emissions. Moreover, many buildings use more energy than they need to, which is unnecessarily expensive and damaging to the environment.

Although there are programs like Energy Star, LEED, and Green Globes that help buildings manage energy use, they don’t always meet the needs of every building. A large portion of the built environment doesn’t have the resources to pursue complicated certifications. In fact, it’s estimated that less than 1 percent of buildings can achieve LEED certification.

To address this opportunity gap, a group of dedicated built environment professionals – with backgrounds in environmental science, policy, business, and commercial real estate – developed the BIT Building Program (BIT). BIT is a framework that drives the adoption of sustainability best practices in existing buildings, specifically those whose age, resources, and operations put other industry standards out of reach. By following BIT’s guidelines, buildings can achieve measurable improvements in energy, water, and waste impacts. Read More »

Posted in Energy Efficiency, General / Comments are closed

FirstEnergy’s dangerous push for an $8B bailout: What you need to know

A mega utility from Ohio is appealing to the Trump administration for an unprecedented $8-billion, ratepayer-funded bailout, even pointing to a 1950s Korean War Act for relief. It’s FirstEnergy’s last-ditch appeal after losing previous efforts to prop up a fleet of failing coal and nuclear plants.

The company’s Washington-based lobbyists have the ears of Energy Secretary Rick Perry, an avid coal champion, who could make a decision any day.

What neither FirstEnergy nor Perry are telling us is that a government handout of this magnitude could have implications for energy markets nationwide – while saddling Americans with a flurry of bailouts that go far beyond $8 billion. For no valid reason at all. Read More »

Posted in Clean Energy, Market resilience / Read 2 Responses

The latest trends in renewable-energy tech, markets, and policy

By Energy Dialogues

Renewable energy, and its role in energy future, is an intense topic that spans across all corners of the energy spectrum. For example, our recent Mexican Energy Series featured a lively discussion of whether Mexico is on course for the 2024 target of 35% renewable energy, and what this pledge means for the country. Each year, as new corporations, municipalities, and countries make bold and vocal commitments to offsetting energy consumption, and to pursuing clean energy resources at a higher level, the conversation intensifies.

For an insider perspective about the current state of renewable energy, we called upon Lenae Shirley, Senior Director, Technology Innovation and Market Adoption for Environmental Defense Fund (EDF). Lenae is working at the nexus of technology, markets and policy, leading efforts with EDF’s demonstration partners to prove the impact of clean technology innovations. As a result of these initiatives, Lenae identifies trends and market opportunities to accelerate the transformation of the electricity sector, with data-driven decisions that push forward market adoption for renewable methods. Here is our conversation. Read More »

Posted in Clean Energy, Energy Financing, Energy Innovation, Renewable Energy / Comments are closed

Why and how we’re zeroing in on methane in Pennsylvania

Recently, some in the oil and gas industry have expressed questions about an EDF analysis that estimates methane emissions in Pennsylvania to be five times higher than what companies report to the state.

Pennsylvania is the nation’s second largest producer of natural gas. Understanding how much methane and other harmful pollutants may be leaking from the state’s oil and gas infrastructure is critical to protecting our health and our environment.

Here are a few things to know about EDF’s analysis.

Read More »

Posted in Methane, Natural Gas / Tagged | Read 1 Response

OGCI Venture Day is an opportunity for methane technology

As the deadline for applications for OGCI Climate Investments Venture Day approaches, I had the opportunity to ask OGCI Climate Investments CEO, Dr. Pratima Rangarajam, a few questions to understand more about their plans for Venture Day and what opportunities exist for companies with technologies or business models for methane detection, measurement, and mitigation to present and receive funding.

OGCI Climate Investments supports the development, deployment, and scale-up of low emissions technologies. Applications are due by May 15, and Venture Day will be held on June 25 in Washington, DC. 10 to 15 companies will be invited to present their proposals seeking funding to support methane technology commercialization and participate in breakout sessions to challenge proposed technologies and business models and discuss deployment.

Read More »

Posted in Methane, Natural Gas / Comments are closed