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.
In 2015 Hawaii became the first U.S. state to mandate a total transition to renewable energy. With exceptionally high energy prices and an ingrained environmental ethos, Hawaii has positioned itself as a pioneer in the quest to move toward a future free of fossil fuels.
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.
A proposal making its way through the Iowa legislature would impose new monthly fees on homes and businesses that own solar power systems, adding years to the payoff period before customers' utility-bill savings would cover the cost of adding solar.
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.
Though still an industrial metropolis, Chicago is actively becoming a clean energy innovation hub for microgrids, electric cars and next generation battery research. But the startup momentum in the energy sector isn’t matched with enough venture capital enthusiasm.