With incentives for investors and developers to pour renewable electrons onto the grid, says Millar, markets will reward companies who provide around-the-clock power from a mix of sources.
David Millar is the Principal of Markets, Legislative and Regulatory Policy at Wärtsilä Energy, a Finnish energy company that claims to “lead the transition to a 100% renewable energy future”. In a recent talk at CBEY, Millar highlighted three trends to watch within the energy markets related to Distributed Energy...
These policy memos were completed as part of the Yale Center for Business and the Environment’s online Financing and Deploying Clean Energy certificate program, which trains and connects rising leaders to catalyze the transition to a clean economy. The application for the certificate’s 2023-24 cohort closes on March 12. You can read what the application entailed, and what the program seeks to do, here.
We invite policy-makers and stakeholders to consider the ideas in these memos and respond. Views expressed in the memos are the authors’ own and do not necessarily reflect the positions of their employers.
This photo of Jack's Solar Garden and its agrivoltaic plans comes from the National Renewable Energy Laboratory.
Now that the Inflation Reduction Act's incentives operate as American law, it will take compromise and conciliation to make the investments that meet those incentives succeed and endure. Let's revisit our metaphors.
(Photo by Don and Suzan Weller, via Flickr Creative Commons.) As the sun sets over Waterford, CT, an expert proposes a price floor in wholesale electricity markets.
As New England states progress towards decarbonization goals, the electricity spot market will see offers from solar and wind generators that incur no marginal cost. That can harm reliability and put some operators hastily out of business. To retain existing resources and the stability they bring, we need to set...
(Photo by Hugh Kenny, Piedmont Environmental Council.) A solar array in Virginia stands for the kinds of investment that could crowd in with a properly targeted federal carbon price.
Climate scientists in the latest
Report warned that without immediate large-scale reductions in greenhouse gas emissions, climate change will cause devastating economic and human losses. Policymakers must come together to implement a comprehensive climate change strategy in the United States.
