The story of a small property owner and a repaired boiler hints at the potential multipliers in C-PACE, a program that lets owners use energy savings to repay loans for upgrades. Keys to the program include training and coaching, which make the savings easier to achieve and quicker to see. Can programs like this provide cues to states revving out of the shutdown?
When the national economy kept churning, state-level green bank leaders crafted ways to help low-income and working communities to afford cleaner power. Now that the Covid-19 crisis has plunged the nation into an unemployment trough, a set of case studies from states hints at what kind of workforce and capital growth can flow from a national climate bank.
One of the world's biggest corporations evolved a form of power purchase agreement that houses risk within a project. A startup down the road has developed ways to streamline procurement and clarify terms for smaller companies. This article, wrapping our series on power purchase agreements' heft and potential, details these innovations and asks what light they shed on how PPAs can connect more corporations with longer and wider commitments to fossil-free power.
Though operating in distinct markets, each with unique business needs, companies from Sprint to Gap to the Clorox Company have all taken on a novel technique for energy procurement in the past year: the power purchase agreement (PPA).
Projects to succeed fossil fuel can put millions to work in the wake of the Covid-19 shutdown. Politicians who embrace that idea, argues Coalition for Green Capital Executive Director Jeffrey Schub, can find a clap on the metaphorical back from the public. With polls showing three-fourths of a bipartisan sample favoring government investment in clean-energy jobs, the Coalition has kept arguing for a National Climate Bank and detailing plans for progress without one.
The Renewable Thermal Alliance (RTA) recently announced its 2019 Innovation Grant recipients. Each one earned $15,000 to work on ways to make heat pumps and other renewable sources of heat more popular. Two webinars in April showcased what they've done and what they'll do next.
What's on the horizon for New Jersey after the Covid-19 crisis? When we spoke with Joseph Fiordaliso, the president of the state's Board of Public Utilities, the vision includes electric cars and buses, wind turbines in the ocean, and busy factories making wind-energy equipment. A Newark native with a crackly voice, Fiordaliso has regulated utilities in three Garden State administrations.
In an interview with CEFF, the Connecticut Green Bank unveiled its plans to bring to market approximately $15 to 20 million of new $1,000 face value “Green Liberty Bonds” around April 22, in recognition of the 50th anniversary of Earth Day. In a twist, the new bonds will be available not just to institutional investors but to retail investors throughout Connecticut and beyond.
As more traditional venture capital and strategic investors are beginning to evaluate blockchain for the energy industry, feasible near-term use cases such as carbon credit tracking or management of utility assets may offer more immediate returns than ventures seeking to fundamentally reshape electricity markets around peer-to-peer trading.
Given the promising value proposition of pollinator-friendly solar, several states have passed voluntary standards to encourage the practice, and a number of developers have committed to pollinator-friendly projects for all or part of their portfolios. Illinois-based ENGIE Distributed Solar is one such developer. In this interview. Gavin Meinschein, ENGIE’s lead civil engineer, discusses the case for pollinator-friendly solar and the company’s experience implementing the practice.