The parent company of renewable generator Avangrid has offered to buy PNM Resources, broadening its footprint from Texas to New Mexico. (Note: One of CBEY's team members has provided consulting services to Avangrid.)
Rocky Mountain Power contends that rooftop-generated power is not worth much, while clean-power advocates and the solar industry counter that rooftop systems provide broad benefits to the public at large and to the utility in the form of reduced stress on the electrical grid and power-generation needs.
A study by Texas Advanced Energy Business Alliance identified two ways distributed energy resources can reduce costs: act as non-wires alternatives to avoid investment in tranmission and distribution ($2.45 billion over ten years), and decrease peak energy costs in the wholesale market which is worth $3.01 billion.
Soleil Lofts, an under-construction luxury apartment complex in the Utah city of Herriman, announced that it will host the largest renewable energy setup of its kind. The 600-unit complex will feature five megawatts of solar panels. Each unit will also host a Sonnen EcoLinx battery to store the energy, combining together to offer 12.6 megawatt-hours of storage.
Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a feature, not a failure, of the market.
The Green New Deal that some Democrats are now championing is unlike anything this country has ever done before. But scientists have been studying policies like these for decades. And their research can tell us a bit about what might happen if we pass this sweeping new vision for climate action and economic equality.