The United States power industry is inquisitively examining the applications of blockchain technology behind closed doors. During a webinar hosted by Advanced Energy Economy on Sept. 26, “Blockchain in Advanced Energy – Applications, Opportunities and Challenges,” participants submitted over 200 questions to the speakers. That shows how compelling blockchain is to utility decision makers right now.
When today’s solar panels are tomorrow’s electronic waste, who will finance their recycling? Within a few years, the United States will be facing the sunset of a large number of solar installations. In response, Washington, California, and New York are making plans to incentivize solar-panel recycling.
The only way to achieve climate targets in the Northeast is to start electrifying transportation and heating to a high level. According to the report “Action Plan to Accelerate Strategic Electrification in the Northeast,” a committee of over 30 stakeholders is laying the groundwork for a massive revamp of the region’s electric power consumption to meet climate goals.
The recent United Nations (UN) report “Gender and Climate Finance” has said that climate finance can catalyze the transition to zero-carbon and climate-resilient development while addressing gender issues such as equality and empowerment.
While solar and wind resources are abundant in the western United States, the region faces technical, operational and management challenges in transitioning to cleaner energy portfolios. Integrating renewable energy into existing electric grids continues to be a difficult hurdle for many electricity markets. When utilities face intermittent renewable energy generation, energy imbalance markets (EIMs) have been developed to mitigate the gaps between production and demand.
At the Yale Center for Business and the Environment, we constantly scan the horizon for transformative solutions in clean energy markets and finance. And as far and as wide as we look, we are drawn back to study the remarkable work across our home state of Connecticut.
It’s urgent to fund climate solutions in developing nations. The risk of climate-related adversities particularly affects the poor, who already suffer disproportionately from these impacts. Direct government funding is scarce in the least-developed countries. Hence, climate change investment needs are significant. One way to address this gap and also reduce investment risks is to use results-based climate finance.
The road to electrifying heating and transportation in the United States is being mapped out by Electric Power Research Institute and The Brattle Group. Their forecasts show that different paths may yield a range of environmental, business and health benefits. Electrification could also stoke the fire of utility profits, which has dimmed in recent years.
What are companies doing to develop insurance and maintenance coverage for solar panels where hurricanes threaten clean energy systems? In this Q&A, Michael Grasso, CMO of Sunnova, said that the combination of energy storage, solar power, and strong insurance is improving community resilience in Puerto Rico.
A secure and responsible energy future relies on innovation. Technological innovation is needed to help increase energy efficiency and advance the energy economy. “De-risking” new energy technologies is a critical step in bringing innovation to market. And this is a step directly addressed by the U.S. Department of Energy’s Innovative Technology Loan Guarantee Program.
A joint committee of Massachusetts senators and representatives is approaching a decision on the future of solar power. The decision will determine how to modify net metering, an incentive policy that is critical to most solar projects' financial viability. Meanwhile, utilities are unable to plan for their systems and developers have been forced to ice projects at all stages.
As the biggest public funder of projects related to climate change, the Global Environment Facility (GEF) has played a crucial role in removing market barriers to investment in clean energy worldwide. Policy de-risking, investment aggregation mechanisms, and capacity building for banks and governments are key areas where the GEF has worked to increase the flow of financing.
On the surface, Citi’s recommendations of global climate investment goals, published in August in the report “Energy Darwinism II: Why a Low Carbon Future Doesn’t Have to Cost the Earth,” look deceptively simple. But a closer look at the patchwork of international regulations, legislation, and carbon markets reveals that financing clean energy in developing nations may be quite challenging to accomplish.
The Clean Energy Incentive Program (CEIP) will tap financial resources to help prepare markets for the Clean Power Plan (CPP) in the United States. This two-year voluntary matching fund program will incentivize solar and wind energy in any states that opt into it. It also offers extra leverage for energy efficiency in low-income communities. Clean Energy Finance Forum spoke with Joe Goffman, associate assistant administrator at the EPA, who explained the program, its vision, and its objectives.
Imagine you could design the electricity market in one state from scratch. There are no pre-existing programs to satisfy and no political baggage to consider. Your only guideline is to allow the continued growth of solar power and distributed generation. You’re given a blank slate on which to envision a long-term, sustainable energy market. What would it look like?
They appear periodically, but predictably - media reports about the powerful, corporate utilities seeking to block consumer access to rooftop solar and maintain control of the grid versus the plucky, disruptive solar companies, fighting to bring clean, free power - and energy independence - to the...