TODAY AT NewEnergyNews, Oct. 21:
Tuesday, October 21, 2014
QUICK NEWS, Oct. 21: SOLARCITY TO CROWDFUND WITH $1,000 BONDS; NEW JERSEY LOOKS AT OCEAN WIND; SMART LED LIGHTING MRKT TO DOUBLE
SOLARCITY TO CROWDFUND WITH $1,000 BONDS SolarCity Offers Bonds Online to Ordinary Investors
Diane Cardwell, October 15, 2014 (NY Times)
“SolarCity, the country’s leading installer of rooftop solar systems, began selling bonds online to ordinary investors…joining a handful of companies that are using crowdfunding to finance solar development…The company will issue up to $200 million in the bonds, whose maturities range from one to seven years and carry interest rates of 2 percent to 4 percent…The company has moved aggressively to raise money to finance its fast-growing business, including several debt offerings for institutional investors, like one begun last month to raise as much as $575 million. But this new effort is open to any United States citizen, 18 or older, with a domestic bank account who makes a minimum investment of $1,000…Several companies, like Mosiac, are already using crowdfunding to funnel money into solar projects. But those largely pool money from investors to provide loans for small- and medium-scale projects. SolarCity’s platform will instead pay back the bonds it issues with the income from the monthly solar electricity payments made by its customers, which include homeowners, schools, businesses and government organizations…[T]hey hope to appeal to people who want to help finance the growth of clean energy but desire the security of bonds…” click here for more
NEW JERSEY LOOKS AT OCEAN WIND Measure Ratchets Up Targets For Nj’s Offshore-Wind Industry; Backers say bill, which calls for 4,500 megawatts by 2050, isn’t meant for the Christie administration but for one friendlier to renewable subsidies
Tom Johnson, October 15, 2014
“…A bill (S-2444) being considered by the [New Jersey] Senate Environment and Energy Committee would require 3,000 megawatts of generation from offshore wind projects by 2030 and 4,500 megawatts by 2050 be delivered to customers. That is far more than the 1,100 megawatts that would be required by 2020, a goal few think will ever be met. In fact, the measure eliminates the 1,100-megawatt target…The proposal is part of a bill that would require 80 percent of New Jersey’s electricity to come from renewable energy sources, such as wind and solar, by 2050. But even its advocates acknowledge the legislation stands little chance of being approved anytime soon, although they hope to lay the groundwork for passage in the next administration…Both the Christie administration and the Legislature once viewed offshore wind as an opportunity to develop a new green industry off the coast, a move that would create thousands of well-paying jobs and provide a needed spur to the state’s economy…[but] rising costs of subsidies to support renewable energy have become an increasing concern…[A]dvocates of the bill say opponents’ arguments about the costs fail to reflect the benefits of moving to cleaner ways of producing electricity in a state long-burdened with air pollution problems that affect public health…” click here for more
SMART LED LIGHTING MRKT TO DOUBLE Residential Energy Efficient Lighting and Lighting Controls; Incandescent, Halogen, Fluorescent, and LED Luminaires and Lamps and Intelligent Controls: Global Market Analysis and Forecasts
3Q 2014 (Navigant Research)
“The global residential lighting market is on the verge of a major transformation…Extremely energy efficient light-emitting diode (LED) lamps are being adopted at an astonishing rate while remote control of connected lights is on the cusp of becoming much more commonplace…[and] all-encompassing home energy management (HEM) and home automation…is steadily gathering pace…Increasingly, homeowners are being drawn to the range of new use cases that controllable and networked LEDs bring. The ability of these devices to communicate with other popular connected devices is likely to prove particularly popular…[and bring] about energy savings automatically. According to Navigant Research, global revenue associated with the installation of residential lighting controls is expected to grow from $2.4 billion in 2014 to $4.6 billion in 2023…” click here for more
Monday, October 20, 2014
TODAY’S STUDY: NEW OPPORTUNITIES IN TRANSMISSION
Market Resource Alternatives: An Examination of New Technologies in the Electric Transmission Planning Process
Julia Frayer and Eva Wang, October 2014 (London Economics International)
WIRES commissioned London Economics International LLC (“LEI”) to provide a report on market resource alternatives (“MRAs”). The purpose of this Report is to provide external parties with a clear understanding of MRAs, and compare their features - advantages and shortcomings - relative to transmission. In addition, based on analysis of how MRAs have been examined by planners and regulators, LEI also proposes a set of analytical tools and techniques that can be used to effectively evaluate MRAs alongside transmission investment. The Report consists of four chapters: the first chapter addresses the question “what are MRAs and why do we need to analyze them?”; the second chapter discusses how MRAs are considered in federal and regional policy; the third chapter shows how MRAs are used in organized markets in the U.S. through a case study analysis; and the fourth chapter provides a proposed ”toolkit” of analytical tools and techniques that would allow for the effective evaluation of MRAs within the transmission planning environment.
WIRES commissioned London Economics International LLC (“LEI”) to provide a Report on market resource alternatives (“MRAs”). Specifically, WIRES asked LEI to determine whether and when MRAs can augment and/or replace transmission, and how MRAs and transmission can be evaluated on equal footing in the system planning context. The purpose of this Report is twofold. First, we seek to provide readers with a clear understanding of MRAs and their features - advantages and shortcomings - relative to transmission. Second, drawing on analysis of how MRAs have been examined by planners and regulators to date, we propose a set of analytical tools and modeling techniques (which we refer to as the “toolkit”) that can be used to effectively evaluate MRAs alongside transmission investment.
An understanding of MRAs and how they can be compared to and evaluated alongside transmission investment is critical given the increasing attention being paid to MRAs and as a result of advancements in technology, policy evolution, and the basic need for transmission investment to maintain, modernize, and expand the grid. System planners are required to consider reliability, market outcomes, and transmission congestion as well as public policy as they work to develop a robust power grid. MRAs are increasingly being put forth as possible solutions in lieu of transmission infrastructure. However, based on the characteristics of MRAs today, MRAs are rarely a complete substitute to transmission, and individual MRAs typically provide only a partial suite of the services that transmission provides. Nevertheless, MRAs (either individually or in combination) can provide specific benefits and can serve as complements to transmission, and vice versa. Furthermore, MRAs have the potential to delay the timing for needed transmission investment. An understanding of what services MRAs can and cannot provide, and the benefits and challenges associated with MRAs is therefore critical for system planners, who must ultimately be able to evaluate viable MRAs and transmission projects side-by-side and select a solution that best addresses the needs of the electric power system and customers.
Through our research and case studies, LEI developed key observations about MRAs and transmission investment.
• Transmission provides a variety of services and offers a broad range of potential benefits. Understanding the types of services and benefits transmission can provide is necessary as MRAs will be evaluated in terms of the services and benefits they can provide when compared to transmission.
• An MRA generally is able to provide only a partial suite of services that transmission provides. MRAs may provide some of the services that transmission can provide, but they cannot perfectly replace transmission. Furthermore, the services each MRA can provide vary.
• Comprehensively measuring the benefits and costs to customers is necessary in order to distinguish among the feasible solutions and the various services that MRAs and transmission can provide; relying on least cost analysis is not sufficient. In the analysis of MRA policies regionally, federal guidelines, and specific case studies involving MRAs, we have found that such a comprehensive analysis is rarely performed.
• It is important to consider both the magnitude and breadth of benefits of MRAs compared to transmission. One must consider the ability of a solution - be that MRAs or transmission - to provide benefits and services to various customer classes and over what geographic and time dimension. Different MRAs provide benefits of varying magnitude and breadth. Transmission, on the other hand, is typically built to provide benefits to the larger regional system over a long period of time.
• Operational uncertainty is an important consideration for MRAs. We have found that there are often high levels of operational uncertainty associated with MRAs, especially in the longer term. Given the technical and operational characteristics of transmission system planners historically have not had to give significant weight to operational uncertainty in their analyses.
• A comprehensive analysis must include consideration of negative and positive externalities associated with potential costs and benefits. Externalities can be positive; there are examples of strong complementarity between transmission and some MRAs, where transmission opens up further opportunities for MRAs, and vice versa.
Externalities can be negative; some MRA installations require additional investment to maintain system reliability.
Recommended Tools and Techniques
We recognize that system planners have their own analytical approaches and planning processes that have been developed over the decades to provide an extremely reliable and affordable electric system. We are not attempting to specify an approach. We recognize that transmission planners and ISOs/RTOs may have specific processes in place that are unique to their situation. Rather than a “one-size fits all” analytical approach, we are recommending a “toolkit” for system planners with various suggested modeling tools and analytical techniques that can be deployed to analyze transmission and MRAs.
The analysis deployed by system planners should be inclusive, and consider all feasible solutions – transmission and MRAs. The analysis should be sufficiently detailed and comprehensive so as to distinguish between the feasible solutions’ traits and defining characteristics and benefits. We suggest several guidelines that will provide for an effective analysis of MRAs and transmission:
• MRAs should be judged on the same criteria for reliability and economic benefits as proposed transmission;
• Technical feasibility should be a requirement for any solution, not an option; the ability of MRAs to consistently meet the technical (reliability) needs of the system are sometimes overlooked for the sake of policy;
• MRAs and transmission are not equals in the services and benefits they provide, therefore, the evaluation framework must be able to assess a broad set of benefits and costs to fairly compare MRAs and transmission;
• A robust cost-benefit analysis should measure and quantify the uncertainties and risks associated with MRAs and transmission;
• Economic cost-benefit analysis should consider the dynamic evolution of the system; such an analysis may show potential for complementarity between transmission and certain MRAs, which could justify the need for more investment.
A successful analytical framework, consistent with these guidelines, should
1. Identify all the benefits and costs and gather them under the umbrella of a cost-benefit analysis,
2. Use the right set of tools to measure both those benefits and costs and the risks and uncertainties involved, and
3. Conduct analyses that specifically address the identified challenges for evaluating both MRAs and transmission in an efficient manner.
If one evaluates MRAs and transmission technically to the same specified “needs” criteria, across the same categories of benefits and over the appropriate geographical and time dimensions, the most robust and efficient investments can be chosen.
MRAs can be broadly defined as a group of solutions to identified electric system needs that do not involve traditional transmission infrastructure. MRAs are often referred to as non-transmission alternatives (“NTAs”), a misleading convention that incorrectly implies that MRAs are always a substitute for transmission. MRAs can in fact be complements to transmission infrastructure and should be thought of as one element in a portfolio of infrastructure elements that together are necessary for the efficient and reliable provision of electricity to customers.
Indeed, the electric system would not be able to operate and provide services to customers if there were only investment in either transmission or MRAs in isolation. MRAs come in a variety of forms and can include supply-side resources (for example, conventional generation and distributed generation or advanced generation-like technologies such as batteries and storage) and demand-side resources (such as demand response and conservation/energy efficiency programs), or a combination of resources that are not conventionally associated with transmission. Discussions of MRAs occurring in wholesale power markets and at state regulatory commissions generally focus on six categories of MRAs: energy efficiency; demand response; utility-scale generation; distributed generation; energy storage; and smart grid technology.
Services provided by transmission and MRAs
In order to put the capabilities and benefits of each MRA in context, it is first important to understand the types of services that transmission provides. Transmission provides for the transportation of electric power from producers (generators) to customers (load), often times over long distances. Transmission can also help to ensure resource adequacy because it allows generators located in an isolated area to serve customers in another area of the power grid (in this way, transmission effectively provides capacity). In addition to facilitating the delivery of energy and capacity, transmission can provide other benefits. For example, transmission system reinforcements can reduce system losses and improve overall system efficiency.
Transmission can also provide support to the electric power grid through the provision of certain ancillary services, which are used to keep the grid operating smoothly. Transmission can provide insurance against uncertain future market events and the costs of such unforeseen events on customers. For example, if in the future a generator were to unexpectedly go off line, transmission lines could allow other generators on the system to serve customers.
Transmission can also reduce production costs of energy through expansion of a market (and increased competition from other existing resources) as well as provision of market access to new resources. As a consequence of expanding access to market for existing and new resources, transmission can also help to reduce the emissions footprint of the market as a whole and curb harmful pollutants such as carbon dioxide and other greenhouse gases.
It is important to consider to what extent MRAs can produce these same services, over what time dimension they can be counted on to provide these services, and for what geographical area. In many cases, MRAs may have shorter economic lives (or less certain longevity in terms of the market benefits that they create) than transmission, and provide benefits to a smaller or more localized geographical segment of customers.
In Figure 2 below, we have prepared a visual comparison of the services that various current MRA technologies can provide relative to transmission. This comparison is meant to reflect the relative abilities of generic MRAs and generic transmission investment to provide broad classes of services. In reality, the specific services will vary with the characteristics of the individual project (i.e., proposed solution) and the underlying “need.” Furthermore, the comparative charts of transmission and MRAs in the following sections reflect the overall experience of LEI and WIRES members with the technologies as they exist today. We recognize that technology (both MRAs and transmission) is evolving rapidly and that MRAs and transmission will likely be able provide a more extensive list of services in the future. Finally, we recognize that this type of comparative chart can simplify the relationship between transmission and MRAs. As mentioned earlier, transmission and MRAs are interconnected – a system comprised of one or the other would not be functional. In this sense, transmission can only provide energy and capacity if there is a generator connected to the grid able to generate the energy and capacity.
Likewise, generation can only provide energy and other services if there is a transmission system that connects the generator to customers. Nevertheless, the comparison of relative abilities under current technology provides a high level consideration of relative strengths and weaknesses of different MRAs, from which benefits can be evaluated. Such a comparison of services is also a useful cross-check for the toolkit, which needs to contain tools and techniques that can capture such differences in services provided, technical characteristics, and ultimately economic costs and benefits.
We observe that individual MRAs are generally not capable of providing all of the same services that transmission provides for the same tenure and geographical dimension. Furthermore, there is considerable variety among MRAs in their ability to provide services.
With the exception of utility-scale generation in limited circumstances, no single MRA is a workable substitute for transmission. However, in certain instances, depending on the identified needs of the system, other MRAs (either individually or in combination) can be beneficial and can serve as complements to transmission, and vice versa.
Given the characteristics of transmission, it tends to provide a broad array of benefits that accrue to a wide variety of parties over a large geographical dimension. That is, the benefits accrue at a micro or local level (for example, to the investor or a particular community), but transmission also directly benefits a broader set of customers in the electricity sector and indirectly creates benefits for society as a whole, for example through achievement of public policy and macroeconomic benefits (see Figure 11).
When considering if and how MRAs are able to provide the equivalent benefits of transmission, it is important to understand any challenges or limitations to the ability of MRAs to deliver these benefits (or for system planners and operators to take advantage of these benefits). Not only is it important to understand which of these benefits MRAs can provide, but also to consider the magnitude and breadth of the benefits.
Transmission delivers its services and provides benefits throughout its long lifecycle. And once built, a transmission asset is a fixed element of the power system and therefore its existence is not dependent on market dynamics. In contrast, some MRAs such as generation (either utility-scale or distributed) or demand response may decide to exit the market and close operations if market conditions are not attractive. The permanent nature of transmission - once in service - means that system planners have reasonable certainty that transmission would provide services and benefits would accrue over the transmission asset’s life. Experience has shown that there is a higher degree of uncertainty associated with MRAs, both in terms of the services and the benefits they can provide.
Finally, when considering the benefits of transmission or MRAs, it is important to consider the optionality associated with the investment. These can be either positive or negative: for example, if a solution can provide an option to delay other investments or an option for future expansion, that would have a positive value to customers and system planners alike. On the other hand, if a solution requires additional incremental investment to come online (perhaps in the form of additional infrastructure), that cost should also be considered.
Practical Experience with MRAs
Practical experience with MRAs is relatively limited. FERC’s Order 1000, issued in 2011, requires consideration of MRAs in the regional transmission planning process. However, it does not establish any requirements as to which MRAs should be considered or what the appropriate metrics for evaluating MRAs against transmission solutions would be. We found that MRAs appear to generally be considered in the transmission planning process in Independent System Operators and Regional Transmission Organizations (“ISO/RTOs”) although the timing of an analysis varies on a RTO-to-RTO basis. Generally, evaluation of MRAs completed to date appears to be targeted and localized, rather than comprehensive. This is not surprising as economic analysis of transmission is also a relatively nascent but evolving component of the system planning process.
We selected four case studies that cover a variety of MRA technologies and investment needs, apply varying levels of analytical techniques for consideration of MRAs and transmission solutions, and highlight different aspects of the interplay between MRAs and transmission investment. Specifically, we considered the following case studies in our review of MRAs: Boothbay Smart Grid Reliability Pilot project in Maine, I-5 Corridor Reinforcement Transmission Project by Bonneville Power Administration (“BPA”), PATH and MAPP transmission projects in PJM, and Tehachapi Renewable Transmission Project in California.
QUICK NEWS, Oct. 20: ELEVEN GOOD THINGS ABOUT SOLAR ENERGY; YAHOO BUYS WIND; SMART THERMOSTATS’ BILLION DOLLAR FUTURE
ELEVEN GOOD THINGS ABOUT SOLAR ENERGY Advantages of Solar Energy
Zachary Shahan, October 16, 2014 (PlanetSave)
"…[The disadvantage of solar energy is that] the sun doesn’t shine 24/7…[The advantages of solar energy] everybody should know…Solar energy can (probably) save you money…is better for our health...fights global warming and catastrophic climate change…makes the grid more secure…cuts the need for a lot of transmission…comes at times of very high demand…protects us from fuel price volatility… is renewable…is extremely abundant…is a great job creator…[and] needs very little water…” click here for more
Oct. 16, 2014 (PRNewswire)
“…Yahoo!, Inc. [has entered into a long-term Power Purchase Agreement (PPA) with OwnEnergy to purchase half the wind power output from the 48 megawatt Alexander Wind Farm in Kansas] which will be used to offset much of Yahoo's energy usage in the Great Plains region…OwnEnergy partners with energy entrepreneurs across the country to develop wind projects. The company's local partners are leading members of wind-rich communities who play an active role in project development and receive a share of project ownership in return…While Yahoo is one of the first tech companies to embrace this model of community-centric partnership, the trend for corporate purchasers to buy wind directly from wind farms is gaining pace…OwnEnergy is the national leader in mid-sized wind energy development [with a pipeline of 25 projects representing 2,000 megawatts in 23 states. It]…enables landowners and communities to build and profit directly from their own local wind farms…” click here for more
SMART THERMOSTATS’ BILLION DOLLAR FUTURE Smart Thermostats; Communicating Thermostats, Smart Thermostats, and Associated Software and Services: Global Market Analysis and Forecasts
3Q 2014 (Navigant Research)
“The market for communicating and smart thermostats has exploded with activity since 2013…The year 2014 has seen significant business activity in the form of mergers and acquisitions, international expansion, technological growth, and more conclusive evidence of cost-effectiveness…In North America and Europe, interest in smart thermostat technology is growing among utilities and energy retailers, as well as consumers…[S]mall businesses are increasingly adopting solutions originally intended for residences…[to manage] heating, ventilation, and air conditioning (HVAC) systems. For other regions, the technology remains nascent…According to Navigant Research, global revenue for communicating and smart thermostats and associated software and services is expected to grow from $146.9 million in 2014 to $2.3 billion in 2023…” click here for more
Saturday, October 18, 2014
The Ocean Speaks Out
“…I’m what they crawled out of…It’s not their planet anyway. It never was. It never will be…” From ConservationDotOrg via YouTube
Adapting To The Inevitable
It is now necessary now to prepare for the unavoidable – and avoid the catastrophic. From Scripps Oceanography via YouTube
The Joy Of Driving EVs Powered By The Sun
It’s all about plugging in New Energy. From YaleClimateForum via YouTube
Friday, October 17, 2014
HOTTEST SEPTEMBER EVER; WORLD’S HOTTEST MONTHS STREAK AT SIX
September Sets Records as Global Warming Claims Another Month
Andrew Freedman, October 15, 2014 (Mashable)
“September was the warmest such month on record for the planet, according to preliminary data from NASA as well as independent analysis from the Japan Meteorological Agency…This extends the string of warmest months to six in a row, and, if confirmed in coming days by the National Oceanic and Atmospheric Administration (NOAA), keeps the world on course to have its warmest year…[since record-keeping began in 1880 (climate records extend farther back in time through tree rings, ice cores and other so-called "proxy" data). It is] powered by record warm ocean waters…[I]t is in line with expectations based on the interaction between manmade global warming and natural climate variability…
“Californians are suffering through their warmest year on record as well as one of the driest…[California’s 2014] has been running 4.1 degrees Fahrenheit above its 20th century average…[If predictions prove true that the drought will go on through the winter wet season,] it would have profound consequences for water resources…The likely formation of weak-to-moderate El Niño conditions in the Pacific Ocean will make continued warm temperature records more likely for the rest of the year, on a global basis…All of the planet's top 10 warmest years have occurred since the year 2000.”
“Californians are suffering through their warmest year on record as well as one of the driest…[California’s 2014] has been running 4.1 degrees Fahrenheit above its 20th century average…[If predictions prove true that the drought will go on through the winter wet season,] it would have profound consequences for water resources…The likely formation of weak-to-moderate El Niño conditions in the Pacific Ocean will make continued warm temperature records more likely for the rest of the year, on a global basis…All of the planet's top 10 warmest years have occurred since the year 2000.”click here for more
EU WIND BEATS FOSSIL, NUKE ENERGY PRICES
Wind power is cheapest energy, EU analysis finds; Onshore windfarms far cheaper than coal and gas when health impacts are factored in, report shows
Arthur Neslen, 13 October 2014 (UK Guardian)
“Onshore wind is cheaper than coal, gas or nuclear energy when the costs of ‘external’ factors like air quality, human toxicity and climate change are taken into account…[Subsidies and costs of EU energy; An interim report for the European Commission (EC)] says that for every megawatt hour (MW/h) of electricity generated, onshore wind costs roughly €105 (£83) per MW/h, compared to gas and coal which can cost up to around €164 and €233 per MW/h, respectively…Nuclear power, offshore wind and solar energy are all comparably inexpensive generators, at roughly €125 per MW/h…[The EC] published results that did not include external health and pollution costs…These showed that renewable energy took €38.3bn of public subsidies in 2012, compared to €22.3bn for gas, coal and nuclear. The EU did however note that if free carbon allowances to polluters were included in the data, it [would reduce the difference]…The figures for the energy sources in the report are all approximate, as the bar chart listing them is counted in units of €25 MW/h…” click here for more
DESERTEC SUCCUMBS TO MIDEAST TURMOIL
Companies abandon ambitious plan for solar energy plants in African, Middle Eastern deserts
Oct. 14, 2014 (AP)
“It sounded like a good idea: build massive solar energy plants in the deserts of North Africa and the Middle East to supply Europe with 15 percent of its electricity needs by 2050…But The Desertec Industrial Initiative behind the ambitious plan has now admitted defeat following disagreements over funding and persistent political instability in the desert nations where the plants were going to be built…[I]t is going to focus on consulting others after most of its former backers pulled out, including German insurance company Muenchener Rueckversicherung…The remaining members of the Munich-based consortium are Saudi company ACWA Power, German utility giant RWE and Chinese grid operator SGCC.” click here for more
JAPAN UPS PUSH FOR GEOTHERMAL
Japanese government plans to promote geothermal power
The Yomiuri Shimbun, Oct. 12, 2014 (Chicago Tribune)
“The Japanese government will revise the current feed-in tariff system, which requires power companies to purchase electricity generated by solar power and other renewable energy sources at fixed prices, to make utilities buy more electricity from geothermal power generation…[T]he government is trying to correct the system's current overemphasis on solar power…[and] control the rise of electricity rates by lowering the feed-in tariffs for solar power…Geothermal power is said to be economical in price and stable in supply [regardless of weather]…Japan has many volcanoes, and is said to have the world's third-largest amount of geothermal resources. There are geothermal power stations at 17 locations…But new geothermal generation facilities have not been developed…Since solar power generation takes only about one year for development [and gets high feed-in tariffs], solar plant operators have already won most of the rights to use power grids…This leaves few rights for operators of geothermal plants, which take about 10 years to develop…Electricity generated geothermally accounts for only 0.3 percent of [Japan’s electricity]…The government aims to raise this figure to 1 percent by 2030…” click here for more
Thursday, October 16, 2014
THE MILITARY FALLS FOR THE HOAX
Pentagon Report: U.S. Military Considers Climate Change a 'Threat Multiplier' That Could Exacerbate Terrorism
Zoe Schlanger, October 14, 2014 (Newsweek)
“…[The Department of Defense has apparently fallen for what hardcore deniers insist is a hoax by dramatically shifting] its views towards climate change…[The DOD] has already begun to treat the phenomenon as a significant threat to national security. Climate change, the Pentagon writes, requires immediate action on the part of the U.S. Military…[2014 Climate Change Adaptation Roadmap anticipates] that climate change may require more frequent military intervention within the country to respond to natural disasters, as well as internationally to respond to ‘extremist ideologies’ that may arise in regions where governments are destabilized due to climate-related stressors…The military is integrating climate change considerations into all its operations, including in its training for war scenarios…[and] is already preparing and assessing its bases for conditions like sea level rise and increased flooding…” click here for more
FORTUNE 100 BUSINESSES BOOST SUN
America’s Leading Companies Continue to Invest Big in Solar Energy
October 14, 2014 (National Journal)
“…America's leading Fortune 100 companies continue to significantly ramp up their use of clean solar energy, according to the 3rd annual Solar Means Business report [from] the Solar Energy Industries Association (SEIA)...[which] identifies major commercial solar projects and ranks top corporate solar users…[It] shows Walmart at the top of the list for the third year in a row with 105 megawatts (MW) installed at 254 locations…Rounding out the Top 25 companies utilizing solar are Kohl's, Costco, Apple, IKEA, Macy's, Johnson & Johnson, Target, McGraw Hill, Staples, Campbell's Soup, U.S. Foods, Bed Bath & Beyond, Kaiser Permanente, Volkswagen, Walgreens, Safeway, FedEx, Intel, L'Oreal, General Motors, Toys "R" Us, Verizon, White Rose Foods, Toyota and AT&T…[T]hese blue chip companies have deployed 569 MW of solar capacity at 1,100 locations - a 28 percent increase over a year ago and a 103 percent increase since 2012…” click here for more
IOWA UTILITY BUYS WIND TO CUT COSTS
MidAmerican expands Iowa wind foothold
Matthew Patane, October 11, 2014 (Des Moines Register)
“…[Utility MidAmerican Energy will] invest an additional $280 million…[to] add 67 wind turbines at two western Iowa locations… will go to a new wind farm…The other three will expand an existing [project]…The turbines have the potential to generate 162 megawatts of energy, enough to power 48,000 homes…[Construction will start in summer 2015 and provide 200 construction jobs and at least 10 permanent positions]…More than 27 percent of [Iowa’s] energy comes from wind, the highest state percentage in the nation…Iowa also has the seventh-best wind resource, or potential for wind energy generation, in the U.S…[MidAmerican] is continuing to invest in wind projects because they are a good way to reduce costs for customers and bring the state closer to meeting goals for reducing carbon emissions…Last year MidAmerican began construction on $1.9 billion worth of turbines in five Iowa counties [representing 1,050 megawatts]…” click here for more
GETTING ENERGY EFFICIENCY FROM THE CLOUD
Smart Cities and the Energy Cloud; Reshaping the Energy Landscape
4Q 2014 (Navigant Research)
“The electricity utility was developed to deliver power to the growing cities of the 20th century. Energy is of even greater importance to cities in the 21st century, but there are new challenges…Cities are also looking at how efficiently energy is being used as they strive to reduce both greenhouse gas emissions and energy costs…The smart city concept is a label for the dramatic changes occurring at both the local and global level..[T]he energy cloud performs a similar function for the radical changes happening in the energy market. As a concept, the energy cloud represents a wide range of technical, commercial, environmental, and regulatory changes that are transforming the traditional utility model for energy provision. Cities are recognizing the importance – and the opportunity – offered by these changes in energy infrastructure and the global energy markets…” click here for more
Wednesday, October 15, 2014
TODAY’S STUDY: NEW ENERGY BECOMES PRICE COMPETITIVE
Lazard's Levelized Cost Of Energy Analysis — Version 8.0
September 2014 (Lazard)
Lazard’s Levelized Cost of Energy Analysis (“LCOE”) addresses the following topics:
Comparative “levelized cost of energy” for various technologies on a $/MWh basis, including sensitivities, as relevant, for U.S. federal tax subsidies, fuel costs, geography and cost of capital, among other factors
Comparison of the implied cost of carbon abatement given resource planning decisions for various generation technologies
Illustration of how the cost of utility-scale and rooftop solar-produced energy compares against generation rates in large metropolitan areas of the United States
Illustration of utility-scale and rooftop solar versus peaking generation technologies globally
Illustration of how the costs of utility-scale and rooftop solar and wind vary across the United States, based on average available resources
Forecast of rooftop solar levelized cost of energy through 2017
Comparison of assumed capital costs on a $/kW basis for various generation technologies
Decomposition of the levelized cost of energy for various generation technologies by capital cost, fixed operations and maintenance expense, variable operations and maintenance expense, and fuel cost, as relevant
Considerations regarding the usage characteristics and applicability of various generation technologies, taking into account factors such as location requirements/constraints, dispatch capability, land and water requirements and other contingencies
Summary assumptions for the various generation technologies examined
Summary of Lazard’s approach to comparing the levelized cost of energy for various conventional and Alternative Energy generation technologies
Other factors would also have a potentially significant effect on the results contained herein, but have not been examined in the scope of this current analysis. These additional factors, among others, could include: capacity value vs. energy value; stranded costs related to distributed generation or otherwise; network upgrade, transmission or congestion costs; integration costs; and costs of complying with various environmental regulations (e.g., carbon emissions offsets, emissions control systems). The analysis also does not address potential social and environmental externalities, including, for example, the social costs and rate consequences for those who cannot afford distribution generation solutions, as well as the long-term residual and societal consequences of various conventional generation technologies that are difficult to measure (e.g., nuclear waste disposal, environmental impacts, etc.)
While prior versions of this study have presented the LCOE inclusive of the U.S. Federal Investment Tax Credit and Production Tax Credit, Versions 6.0 – 8.0 present the LCOE on an unsubsidized basis, except as noted on the page titled “Levelized Cost of Energy—Sensitivity to U.S. Federal Tax Subsidies”
Unsubsidized Levelized Cost of Energy Comparison
Certain Alternative Energy generation technologies are cost-competitive with conventional generation technologies under some scenarios; such observation does not take into account potential social and environmental externalities (e.g., social costs of distributed generation, environmental consequences of certain conventional generation technologies, etc.) or reliability-related considerations (e.g., transmission and back-up generation costs associated with certain Alternative Energy generation technologies)
Levelized Cost of Energy—Sensitivity to U.S. Federal Tax Subsidies
U.S. federal tax subsidies remain an important component of the economics of Alternative Energy generation technologies (and government incentives are, generally, currently important in all regions); while some Alternative Energy generation technologies have achieved notional “grid parity” under certain conditions (e.g., best-in-class wind/solar resource), such observation does not take into account potential social and environmental externalities (e.g., social costs of distributed generation, environmental consequences of certain conventional generation technologies, etc.) or reliability-related considerations (e.g., transmission and back-up generation costs associated with certain Alternative Energy generation technologies)
Levelized Cost of Energy Comparison—Sensitivity to Fuel Prices
Variations in fuel prices can materially affect the levelized cost of energy for conventional generation technologies, but direct comparisons against “competing” Alternative Energy generation technologies must take into account issues such as dispatch characteristics (e.g., baseload and/or dispatchable intermediate load vs. peaking or intermittent technologies)…
Solar versus Peaking Capacity—Global Markets
Solar PV can be an attractive resource relative to gas and diesel-fired peaking in many parts of the world due to high fuel costs; without storage, however, solar lacks the dispatch characteristics of conventional peaking technologies
Wind and Solar Resource—U.S. Regional Sensitivity (Unsubsidized)
The availability of wind and solar resource has a meaningful impact on the levelized cost of energy for various regions of the United States. This regional analysis varies capacity factors as a proxy for resource availability, while holding other variables constant. There are a variety of other factors (e.g., transmission, back-up generation/system reliability costs, labor rates, permitting and other costs) that would also impact regional costs
Levelized Cost of Energy—Wind/Solar PV (Historical)
Over the last five years, wind and solar PV have become increasingly cost-competitive with conventional generation technologies, on an unsubsidized basis, in light of material declines in the pricing of system components (e.g., panels, inverters, racking, turbines, etc.), and dramatic improvements in efficiency, among other factors
Levelized Cost of Energy—Rooftop Solar (Forecasted)
Rooftop solar has benefited from the rapid decline in price of both panels and key balance-of-system components (e.g., inverters, racking, etc.); while the small-scale nature and added complexity of rooftop installation limit cost reduction levels (vs. levels observed in utility-scale applications), more efficient installation techniques, lower costs of capital and improved supply chains will contribute to a lower rooftop solar LCOE over time
Capital Cost Comparison
While capital costs for a number of Alternative Energy generation technologies (e.g., solar PV, solar thermal) are currently in excess of some conventional generation technologies (e.g., gas), declining costs for many Alternative Energy generation technologies, coupled with rising long-term construction and uncertain long-term fuel costs for conventional generation technologies, are working to close formerly wide gaps in electricity costs. This assessment, however, does not take into account issues such as dispatch characteristics, capacity factors, fuel and other costs needed to compare generation technologies
Levelized Cost of Energy—Sensitivity to Cost of Capital
A key issue facing Alternative Energy generation technologies resulting from the potential for intermittently disrupted capital markets (and the relatively immature state of some aspects of financing Alternative Energy technologies) is the impact of the availability and cost of capital(a) on their LCOEs; availability and cost of capital have a particularly significant impact on Alternative Energy generation technologies, whose costs reflect essentially the return on, and of, the capital investment required to build them…
Lazard has conducted this study comparing the levelized cost of energy for various conventional and Alternative Energy generation technologies in order to understand which Alternative Energy generation technologies may be cost-competitive with conventional generation technologies, either now or in the future, and under various operating assumptions, as well as to understand which technologies are best suited for various applications based on locational requirements, dispatch characteristics and other factors. We find that Alternative Energy technologies are complementary to conventional generation technologies, and believe that their use will be increasingly prevalent for a variety of reasons, including RPS requirements, carbon regulations, continually improving economics as underlying technologies improve and production volumes increase, and government subsidies in certain regions.
In this study, Lazard’s approach was to determine the levelized cost of energy, on a $/MWh basis, that would provide an after-tax IRR to equity holders equal to an assumed cost of equity capital. Certain assumptions (e.g., required debt and equity returns, capital structure, and economic life) were identical for all technologies, in order to isolate the effects of key differentiated inputs such as investment costs, capacity factors, operating costs, fuel costs (where relevant) and U.S. federal tax incentives on the levelized cost of energy. These inputs were developed with a leading consulting and engineering firm to the Power & Energy Industry, augmented with Lazard’s commercial knowledge where relevant. This study (as well as previous versions) has benefitted from additional input from a wide variety of industry participants.
Lazard has not manipulated capital costs or capital structure for various technologies, as the goal of the study was to compare the current state of various generation technologies, rather than the benefits of financial engineering. The results contained in this study would be altered by different assumptions regarding capital structure (e.g., increased use of leverage) or capital costs (e.g., a willingness to accept lower returns than those assumed herein).
Key sensitivities examined included fuel costs and tax subsidies. Other factors would also have a potentially significant effect on the results contained herein, but have not been examined in the scope of this current analysis. These additional factors, among others, could include: capacity value vs. energy value; stranded costs related to distributed generation or otherwise; network upgrade, transmission or congestion costs; integration costs; and costs of complying with various environmental regulations (e.g., carbon emissions offsets, emissions control systems). The analysis also does not address potential social and environmental externalities, including, for example, the social costs and rate consequences for those who cannot afford distribution generation solutions, as well as the long-term residual and societal consequences of various conventional generation technologies that are difficult to measure (e.g., nuclear waste disposal, environmental impacts, etc.)
QUICK NEWS, Oct. 15: NEW NUMERS SHOW BIG OCEAN WIND POWER; SOLAR TURNS IN A NEW DIRECTION; FUEL CELL MARKETS TO VARY, GROW
NEW NUMBERS SHOW BIG OCEAN WIND POWER Offshore Wind Power Can Save U.S. Billions On Electricity, Recent DOE Study Finds
Kit Kennedy, Oct. 11, 2014 (Energy Collective)
“…[I]nstalling 54 gigawatts of offshore wind power off America’s coasts can cut the cost of electricity in the U.S. by an astounding $7.68 billion a year…[according to the U.S. Department of Energy’s] National Offshore Wind Energy Grid Interconnection Study…[T]hat potential is simply waiting to be realized, with about a dozen U.S. projects in some stage of development. The right state and federal policies can help move these projects off of their drawing boards and into the water, the study authors say...
“There’s more than 134 gigawatts of potential at 209 sites [within 50 miles of U.S. coastlines on the Atlantic and Pacific coasts and along the Gulf of Mexico and the Great Lakes], the NOWEGIS authors conclude…[But the authors excluded] important habitats and marine sanctuaries… to ensure that one environmental good—pollution-free wind power—doesn’t come at the expense of another—important ocean wildlife and habitat protections…[T]he technology is evolving fast [in Europe and Asia], meaning its becoming more powerful and less expensive simultaneously…Offshore wind power can be an especially important resource for densely populated coastal areas, like the Northeast, the Mid-Atlantic, and northern California, where energy prices [and peak demand spikes] are high and land available for generation and transmission is generally limited…”
“There’s more than 134 gigawatts of potential at 209 sites [within 50 miles of U.S. coastlines on the Atlantic and Pacific coasts and along the Gulf of Mexico and the Great Lakes], the NOWEGIS authors conclude…[But the authors excluded] important habitats and marine sanctuaries… to ensure that one environmental good—pollution-free wind power—doesn’t come at the expense of another—important ocean wildlife and habitat protections…[T]he technology is evolving fast [in Europe and Asia], meaning its becoming more powerful and less expensive simultaneously…Offshore wind power can be an especially important resource for densely populated coastal areas, like the Northeast, the Mid-Atlantic, and northern California, where energy prices [and peak demand spikes] are high and land available for generation and transmission is generally limited…”click here for more
SOLAR TURNS IN A NEW DIRECTION How Grid Efficiency Went South
Matthew L. Wald, Oct. 7, 2014 (NY Times)
“Almost every rooftop solar panel in the United States faces south, the direction that will catch the maximum energy when the sun rises in the southeast and sets in the southwest. This was probably a mistake…The panels are pointed that way because under the rules that govern the electric grid, panel owners are paid by the amount of energy they make. But they are not making the most energy at the hours when it is most needed…[T]he rules add cost and reduce environmental effectiveness, critics say, because they are out of step with what the power grid actually needs from intermittent renewables like wind and sun, and from zero-carbon nuclear power…[S]olar and wind will produce a lot of energy, but the power they make often does not match the system’s demand, so the contribution to its power needs may be much smaller…
“[Coal, natural gas and especially nuclear plants] earn their keep by selling energy around the clock. Put enough wind and solar units on the grid during the hours when they are running and they flood the market and push down the hourly auction price of a megawatt-hour of energy…The problem is especially acute for nuclear reactors because their costs for fuel are roughly the same whether they are running or not…[S]ome have already closed and more are threatened…Even relatively clean natural gas plants are hurt; they are generally on the margin, the first to shut when new solar comes on line…”
“[Coal, natural gas and especially nuclear plants] earn their keep by selling energy around the clock. Put enough wind and solar units on the grid during the hours when they are running and they flood the market and push down the hourly auction price of a megawatt-hour of energy…The problem is especially acute for nuclear reactors because their costs for fuel are roughly the same whether they are running or not…[S]ome have already closed and more are threatened…Even relatively clean natural gas plants are hurt; they are generally on the margin, the first to shut when new solar comes on line…”click here for more
4Q 2014 (Navigant Research)
“During 2013 and 2014, [driven by a shift toward distributed generation (DG)] the fuel cell market continued to see the greatest demand from stationary applications, including utility-scale fuel cells, fuel cells for industrial and commercial buildings, and fuel cells for residential power. These markets are still very location-specific. Japan is focusing primarily on residential units, while North America and South Korea have adopted the larger fuel cell systems. Backup power is a market mainly in North America, but also in emerging economies – especially in Southeast Asia…As a result, Navigant Research expects the stationary sector to have the strongest global potential within the fuel cell market in terms of fuel cell systems shipped. The transportation sector has the potential to lead in terms of fuel cell capacity shipped, as fuel cell vehicles (FCVs) are expected to take off in the 2020 timeframe…” click here for more
Tuesday, October 14, 2014
TODAY’S STUDY: WORLD WIND COMES ON
2014 Half-Year Report
September 2014 (World Wind Energy Association)
Worldwide Wind Market recovered: Wind Capacity over 336 Gigawatts
- 17,6 GW of new installations in the ¬rst half of 2014, after 14 GW in 2013
- Worldwide wind capacity has reached 336 GW, 360 GW expected for full year
- Asia overtakes Europe as leading wind continent
- China close to 100 GW of installed capacity
- Newcomer Brazil: third largest market for new wind turbines
- 360 GW expected by end of 2014
The worldwide wind capacity reached 336’327 MW by the end of June 2014, out of which 17’613 MW were added in the ¬rst six months of 2014. This increase is a substantially higher than in the ¬rst half of 2013 and 2012, when 13,9 GW and 16,4 GW were added respectively. The total worldwide installed wind capacity by mid-2014 will generate around 4 % of the world’s electricity demand. The global wind capacity grew by 5,5% within six months (after 5 % in the same period in 2013 and 7,3 % in 2012) and by 13,5 % on an annual basis (mid-2014 compared with mid-2013). In comparison, the annual growth rate in 2013 was lower at 12,8 %.
Reasons for the relatively positive development of the worldwide wind markets certainly include the economic advantages of wind power and its increasing competitiveness relative to other sources of electricity, as well as the pressing need to implement emission free technologies in order to mitigate climate change and air pollution.
Top Wind Markets 2014: China, Germany, Brazil, India, and USA
The ¬ve traditional wind countries- China, USA, Germany, Spain and India- still collectively represent a 72 % share of the global wind capacity. In terms of newly added capacity, the share of the Big Five has increased from 57 % to 62%. The Chinese market showed a very strong performance and added 7,1 GW, substantially more than in the preceding years. China reached a total wind capacity of 98 GW in June 2014 and has undoubtedly by now crossed the 100 GW mark.
Germany performed strongly as well, adding 1,8 GW within the ¬rst half year. This new record no doubt comes partly in anticipation of changes in the renewable energy legislation, which may lead to a slow-down of the German market in the coming years.
For the ¬rst time, Brazil has entered the top group by becoming the third largest market for new wind turbines, with 1,3 GW of new capacity representing 7 % of all new wind turbine sales. With this, Brazil has been able to extend its undisputed leadership in Latin America.
India kept clearly its position as Asian number two and worldwide number ¬ve, with 1,1 GW of new wind capacity.
The US market, after its e ective collapse in 2013, has shown strong signs of recovery, with a market size of 835 MW, slightly ahead of Canada (723 MW), Australia (699 MW) and the United Kingdom which halved its market size and installed 649 MW in the ¬rst half of 2014.
The Spanish market, however, has not contributed to the overall growth in 2014, as it has come to a virtual standstill, with only 0,1 MW of new installations in the ¬rst half of 2014.
As was the case in 2013, four countries installed more than 1 GW each in the ¬rst half of 2014: China (7,1 GW of new capacity), Germany (1,8 GW), Brazil (1,3 GW) and India (1,1 GW).
The top ten wind countries show a similar picture in the ¬rst half of 2014, although on a slightly higher performance basis. Five countries performed stronger than in 2013: China, USA, Germany, France and Canada. Five countries saw a decreasing market: Spain, UK, Italy, Denmark and, to a lesser degree, India. Spain and Italy saw practically a total standstill, with only 0,1 MW and 30 MW respectively of new capacity installed. Poland is now in the list of top 15 countries by installed capacity while Japan dropped out.
Dynamic Markets to be found on all Continents
It is important to note that for the ¬rst time, the most dynamic markets are found on all continents: the ten largest markets for new wind turbines included next to China, India and Germany, included Brazil (1’301 MW), USA (835 MW), Canada (723 MW), Australia (699 MW), UK (649 MW), Sweden (354 MW) and Poland (337 MW). New wind farms have also been installed in South Africa and further African countries, so that this continent has obviously entered the race to catch up with the rest of the world.
Asia: The new leader on total installed capacity
With 36,9 % of the global installed capacity, Asia is now the continent with the most wind energy installated, suspassing Europe, which accounts for 36,7 %.
Again in 2014, China has been by far the largest single wind market, adding 7,1 GW in six months; this is signi¬cantly more than the same period of the previous year, when 5,5 GW were erected. China accounted for 41 % of the world market for new wind turbines. By June 2013, China had an overall installed capacity of 98,6 GW, almost reaching the 100 GW mark. India added 1,1 GW, a bit less than in the ¬rst half of 2013. However, considering new and ambitious plans of the new Indian government, the Indian wind market has very positive prospects.
Two other important markets, in Japan and Korea, are still growing at very modest rates, of less than 2 % in the ¬rst half of 2014. Unfortunately in both countries the nuclear lobby has still managed to prevent the breakthrough for wind power, despite the clear economic and industrial advantages.
Germany is still the unchallenged number one wind market in Europe, with a new capacity of 1,8 GW bringing it to a total of 36,5 GW. UK (649 MW new), Sweden (354 MW new) and France (338 MW new) belong to the ¬ve biggest European markets as well, while Spain and Italy saw dramatic declines in new capacity installed, to almost zero.
The future of wind power in the Europe will also depend on decisions by the European Union regarding renewable energy targets for 2030. It is worth noting that the current crisis around Ukraine is in fact strengthening the case of renewable energy proponents, as it suggests that the European countries should increase their energy autonomy through the increased use of domestic renewable energy sources, rather than relying on imported fossil fuels.
The US market has recovered from the dramatic slump in the ¬rst half of 2013, adding 835 MW between January and June 2014, compared to 1,6 MW in the same period last year. It is expected that, due to the improved competitiveness of wind power and its increasing support, the market will further recover in the second half of 2014 and continue in 2015.
Canada installed 723 MW during the ¬rst half of 2014, 92 % more than in the same period of 2013, and has become the sixth largest market for new wind turbines worldwide. The victory of the pro-renewables proponents in the elections in the key province of Ontario gives hope that this positive tendency will continue, in spite of rather negative signals at the federal level.
The biggest Latin American market, Brazil, has become the 13th largest wind power user worldwide, after installing 1,3 GW in the ¬rst half of 2014 and reaching a total capacity of 4,7 GW. With a most impressive growth rate of 38,2 % during the ¬rst half of 2014, the country has become the third largest market for new wind turbines, after China and Germany, and ahead of the US and India. Brazil is expected to reach the 5 GW mark by September 2014 and to enter the list of top 10 countries with more installed capacity by the end of 2014. Other Latin American countries are emerging as wind markets as well, though at a much more modest level.
Positive developments happened in Australia, where an additional 699 MW was installed, representing a 23% growth in comparison with end of 2013, similar to the rate of growth in 2011 and 2012. However, due to the most recent and very dramatic switch of the new Australian government, it has to be expected that this boom will not continue in the near future. No new wind farms have been registered in New Zealand.
Worldwide prospects for end of the year 2014 and Beyond
In the second half of 2014, it is expected that an additional capacity of 24 GW will be erected worldwide , which would bring new installations for the year to 41 GW. The total installed wind capacity is expected to reach 360 GW by the end of 2014, which is enough to provide some 4 % of the global electricity demand.
The mid-term prospects for wind power investment remain positive. Although it is not clear whether the world community will be able to reach a strong climate agreement in 2015, wind has now reached a level of competitiveness and reliability, which makes it a natural option for governments, electricity producers, and consumers around the world.
QUICK NEWS, Oct. 14: THE UTILITY-SOLAR DEBATE OVER WHO PAYS; TECHNICIANS WANTED – APPLY TO WIND; MAKING MULTIFAMILY BLDGS MORE EFFICIENT
THE UTILITY-SOLAR DEBATE OVER WHO PAYS Solar firms, power companies battle over 'net metering'
Javier E. David, Oct. 13, 2014 (CNBC)
“…[N]et-metering—a process where consumers use renewable energy to generate their own electricity, then cut their bills by sending excess power back to the grid at retail rates…saves consumers money on utility bills, [and] is gaining popularity yet remains the subject of fierce debate. At least 43 states have laws making it easy for residents to save via the sun; still, utilities are pushing back against solar's rapid encroachment on the retail market…The Energy Information Administration notes that retail electricity is up nearly 3 percent per kilowatt hour in 2014 versus a year ago, with costs rising for 20 consecutive months…Power companies acknowledge that rooftop panels are forcing them to modernize the grid and rethink their business models. Additionally, residential units can help reduce strains on power systems during peak times and seasons…[But] net-metering was creating a classic ‘free-rider’ economic conundrum, where non-rooftop clients are ultimately paying more for electricity than net-metering clients. Certain costs, such as infrastructure and grid usage, are not being captured in what net-metering customers are charged…[U]tilities are waging a ground war in multiple states to get governments to reconsider subsidies and pass more costs on to net-metering clients…” click here for more
Jay F. Marks, Oct. 10, 2014 (The Oklahoman)
“A Texas-based wind developer recently offered jobs to an entire class of wind technicians from Canadian Valley Technology Center in one day…A lot of wind farms are being built in Oklahoma, west Texas and Colorado…The most recent recipients of the wind industry’s growth were students in Canadian Valley’s wind energy technician certification program. Seven were hired by Abilene-based Run Energy, while another opted to take a job in Lawton because of family commitments…[All got job offers of at least $17 per hour, plus benefits and other perks…[like] a daily meal allowance, free lodging and a round-trip plane ticket home…Run Energy likely would have hired 30 or 40 more wind technicians if Canadian Valley had them…Canadian Valley established its wind technician program in October 2010…300 students have completed the program in the past four years. About 90 percent of them were placed in wind industry jobs…[only because some] didn’t want to leave town…One technician typically is responsible for maintaining about 10 wind turbines…” click here for more
MAKING MULTIFAMILY BLDGS MORE EFFICIENT Better information will transform energy use in multifamily buildings
Lauren Ross, September 30, 2014 (ACEEE)
“…[Fannie Mae’s just released] Multifamily Energy and Water Market Research Survey provides an insight into multifamily buildings’ annual spending on energy and water as well as other important trends and metrics. The report also responds to the lack of information on energy use in submarkets in the multifamily sector by providing separate breakdowns for affordable and market-rate units, tenant and owner-paid utility bills, and by building size and other important building features…[It] reinforces what many have speculated in recent years – the multifamily sector remains an untapped opportunity for energy efficiency. According to the survey results, the least efficient buildings might be spending upwards of $165,000 more per building in annual energy costs than comparable buildings operating at a much higher efficiency…[T]he survey also serves as the basis for the long-anticipated EPA ENERGY STAR® score for multifamily buildings…[which] is a simple way for multifamily building owners to understand their property’s energy performance…” click here for more