Texas has long been known as the capital of oil and gas. And over the past decade it added so much wind power that if Texas were a country, it would be the world’s fourth-largest wind producer. Looking back at the past few years, a fourth energy trend can…
Dan Seif, an RMI alum, is the VP of Market Development at 7X Energy, Inc.
Much has been made about the potential of improving grid reliability and supporting a new era of distributed energy resource (DER) utilization via new pricing and grid integration business models. Locational pricing has been one of the pillars of this dialogue.
The smart grid can usher in a whole new way of interacting with the electricity system. When storms knock down wires, smart sensors can detect and isolate the problem without us noticing. Or, if we’re feeling especially ambitious, we can program our electric vehicle to automatically charge when electricity prices are low. To do this, the smart grid requires a robust communications network.
Back in June, the Department of Energy convened 700 participants at their “SunShot Grand Challenge: Summit and Technology Forum” held in the Denver Convention Center. This event was meant to be the first in a series of DOE “Grand Challenge” events, with the summit focused on the DOE’s solar power capacity growth and cost reduction targets driven by their SunShot Initiative.
What if you could get a 20-year, no-money-down loan for a home solar photovoltaic (“PV”) system costing up to $25,000 with only a 5 percent to 7 percent interest rate? And then pocket the 30 percent investment tax credit worth $7,500 or possibly more?
Total U.S. solar jobs surpassed 100,000 last August, up from 93,000 a year earlier. In addition, GTM Research and the Solar Energy Industry Association recently announced 109 percent year-over-year growth in installed U.S. solar capacity. These jobs numbers are likely to become political footballs once the 2012 election campaign really hits its stride.
An oil major jumping into complex and challenging tax equity renewable power finance, generally the domain of big banks and sustainability-oriented corporations such as Google, is nearly the best news possible for renewable power projects. Even better news would be not needing such investors.