Block ip Trap
Mar 01, 2024
SunRocket Capital Closes $14.5 Million in Financing with Donato Solar, LLC for Three 2MW Solar Developments in Illinois

SunRocket Capital, formerly Sol-REIT, LLC, a structured finance partner to solar developers, is pleased to announce the completion of three separate construction-to-permanent funding transactions with Donato Solar, totaling $14.5 million in financing during the first quarter of 2024. The three projects financed are located in central Illinois and have been designed to provide green energy for commercial data-centers operated by GAIL Technology, Inc.

The projects total 9.24MW DC and allow the data-centers to operate efficiently. The solar fields overproduce during the day, benefiting the utility and the grid. In addition to the financing from SunRocket Capital, each project will receive Solar Renewable Energy Credits (SREC’s) which are awarded through the Illinois Power Authority’s (IPA) Adjustable Block Program also known as Illinois Shines and are based on 15 years of future power generation. The SRECs serve to improve overall project economics.  

Anthony Donato, CEO of Donato Solar LLC & GAIL Technology, Inc., remarked on the structured financing partnership with SunRocket Capital stating, “The team at SunRocket Capital has proven to be an exceptional financial partner. They operate with speed and efficiency and are very knowledgeable regarding solar development, a unique and important component of helping expedite financing.” 

Derek Gabriel, Sr., Chief Operating Officer and Head of Originations at SunRocket Capital, expressed enthusiasm about the previously announced partnership, stating, “Our financing, coupled with experienced solar developers and EPCs quite simply helps solar energy projects deploy at scale because they can get constructed and operating with a single financial transaction. We’re excited to work with Anthony and his team to deploy a large portfolio of distributed generation.” 

SunRocket Capital is set to fund Donato Solar’s pipeline of 100MW, with 30MW slated for financing in 2024, amounting to approximately $100 million in construction-to-permanent loan financing. Each of the projects will be constructed in the State of Illinois. To date, 30MW are currently operational, with an additional 40MW to be completed in 2024.

SunRocket Capital | https://www.sunrocketcapital.com/

Mar 01, 2024
New Brush Strips from icotek for Cable Management

The new icotek BES brush strips are a practical solution for organizing network cables in 10” (BES 10) and 19” (BES 19) switch cabinets from various manufacturers. They are characterized by their tool-less assembly and disassembly thanks to the integrated spring locks. To install or remove the brush strips, simply release the spring locks on both sides.

2 black bars

The brush strips enable cables to be easily routed through, obscuring the view of the cables inside the switch cabinet and creating an organized appearance. The brush strips protect against the ingress of dust and dirt and, at the same time, ensure air circulation. These features increase the reliability and longevity of the network environment.

The BES brush strips are suitable for a temperature range from -30°C to 80°C and are made of powder-coated steel with polyamide brushes. The BES from icotek are sturdy and durable which ensures reliable function over a longer period of time.

icotek Corp. | www.icotek.com

Mar 01, 2024
SolarDuck, Green Arrow Capital and New Developments s.r.l. Sign Collaboration Agreement for a Grid-Scale Offshore Hybrid Wind-Solar Project in Italy

SolarDuck, leader in OFPV technology, Green Arrow Capital, leading Italian Independent Asset Manager in the alternative investment world, and New Developments s.r.l., one of Italy’s most experienced developers, have agreed to collaborate on the development of a landmark 120MWp OFPV farm integrated with 420MW Floating Offshore Wind (FOW). 

The project will install SolarDuck’s unique elevated platform technology that allows PV panels to be deployed in significant wave heights whilst maintaining a safe working environment for access and maintenance and minimizing environmental impact. In addition, the collaboration will also allow the harnessing of the complementarity of wind and solar energy resources. 

wind and solar

“With the current momentum, we believe this is a unique opportunity for the offshore renewable energy industry to help shape a favorable regulatory framework and facilitate the scaling of OFPV. This is not just important for Italy, but also for other countries in the Mediterranean. Our collaboration with New Developments and Green Arrow Capital can also serve as a catalyst for OFPV in Italy”, says SolarDuck CEO, Koen Burgers. 

The project is part of Green Arrow Infrastructure of the Future Fund (“GAIF”), which invests in renewable energy and digital infrastructure in high-potential markets in Europe. 

Founder & CIO of Green Arrow Capital Group, Daniele Camponeschi, says “As pioneers of renewables in Italy, we continually strive to lead the way, exemplified by our innovative offshore projects. These cutting-edge infrastructures not only generate green energy contributing to sustainable energy transition and independence but also demonstrate their complementarity to onshore installations, preserving precious land resources." 

“The project is currently under permitting with an estimated COD in 2028. We are positive that this is a project that will materialise and have impact on the regional economy in Italy”, CEO Giovanni Guzzo, says. 

ocean

The project 

The Corigliano offshore hybrid wind-solar farm will be located in the gulf of Taranto off the coast of Corigliano-Rossano in Calabria. The farm is planned to feature 28 floating wind turbines for a wind capacity of 420 MWp in addition to a 120 MWp OFPV farm for a combined 540MW of capacity. The OFPV farm alone will generate more than 160GWh of solar energy per year. Press release 29 February 2024 

map

The Italian ambition and the wider Mediterranean region 

Italy has been actively laying the foundation for offshore renewables with measures announced towards simplification of requirements for offshore wind projects, but further steps are expected soon. Under the umbrella of the national recovery and resilience plan, commitments have been made to further simplify authorization procedures for renewable offshore plants. The Decree FER2 is soon expected to introduce mechanisms to promote renewable energy projects including OFPV. This will enable the country to tap into its vast maritime potential and play a key role in the EU’s aggressive ambitions for decarbonisation. 

The partnership between New Developments, Green Arrow Capital and SolarDuck, represents a powerful alliance in the quest for a carbon-neutral future. By leveraging their combined strengths and shared goals, the companies aim to develop and implement innovative solutions that reduce environmental impact and advance the adoption of renewable energy. 

Join us on this Italian adventure as we strive towards a successful installation and stay tuned for updates in our social media channels. 

SolarDuck | https://solarduck.tech/

Green Arrow Capital | https://www.greenarrow-capital.com/en/

New Developments | https://www.newdevelopments.eu/

Feb 29, 2024
ACP Statement on New York Offshore Wind Contract Awards

The American Clean Power Association (ACP) released the following statement from Anne Reynolds, ACP Vice President for Offshore Wind, after the State of New York announced offshore wind solicitation awards:

“We applaud the Hochul Administration for their steadfast support of clean, renewable offshore wind power. These awards for the Sunrise Wind and Empire Wind 1 projects demonstrate the state’s commitment to offshore wind and diversify its energy portfolio, representing a significant step forward to building a sustainable energy future for generations to come. By investing in and advancing offshore wind development, New York is paving the way for other states and regions to follow suit, enabling a nationwide shift toward a low-carbon future that will create jobs, revitalize ports, and enhance grid reliability.”

Feb 29, 2024
Sunrise Wind Selected for Award in New York’s Fourth Offshore Wind Solicitation

New York’s energy agency, New York State Energy Research and Development Authority (NYSERDA), has conditionally awarded Ørsted and Eversource’s Sunrise Wind project the right to negotiate a 25-year offshore wind renewable energy certificate (OREC) agreement for an offshore wind farm with a maximum capacity of 924 MW. The price per MWh for power generated from Sunrise Wind will be made public when negotiations have finalised. When a contract is signed, it will replace the existing OREC agreement, which was awarded to Sunrise Wind in 2019.

Sunrise Wind is expected to be completed in 2026, subject to OREC negotiations, customary state and federal approvals, and to Ørsted’s final investment decision, which is expected in Q2 2024. The Sunrise Wind design has been reviewed and accepted by all relevant state agencies, and the project has secured all major supplier and project labour agreements. Final federal permits are expected this summer. 

David Hardy, Executive Vice President and CEO of Region Americas at Ørsted, says: 

“New York 4 is testament to Governor Hochul’s leadership on clean energy and the state’s ability to respond nimbly to the unprecedented macroeconomic developments that fundamentally changed the economics of the first wave of US offshore wind projects and threatened the state’s transition to clean energy. With today’s award at a bid price level reflecting the current component and financing costs, Sunrise Wind is well positioned to deliver clean energy to New York.

“We’re proud to be New York’s offshore wind leader. Soon, we’ll complete the construction of South Fork Wind, the state’s first offshore wind farm, and with Sunrise Wind, we’ll deliver further economic benefits and local jobs to the state, while helping New York achieve its goal of reaching 70 % renewable energy by 2030.” 

Ørsted is establishing an offshore wind cluster on the US Northeast coast comprising South Fork Wind (130 MW under construction), Revolution Wind (704 MW under construction), and Sunrise Wind (924 MW), port assets, a trained work force, and supply chain partners. The northeast hub will be strategic for current and future projects and help Ørsted differentiate and de-risk potential future bids and projects. In addition, the company has seabed and assets along the US East Coast and is exploring the most value-creating options.

As announced last month, Ørsted will take full ownership of Sunrise Wind from its current 50/50 joint venture partner Eversource, subject to the signing of the OREC agreement, entry into long-form acquisition agreements with Eversource, receipt of construction and operations plan (COP) approval, and relevant regulatory approvals. 

Ørsted | orsted.com 

 

 

Feb 29, 2024
Ten Startups Selected to Pitch Ocean Renewables Innovations at IPF

Oceantic Network, in partnership with SeaAhead, announced the participants of Startup Alley at 2024 IPF, which provides a platform for the most innovative startups in the offshore wind and ocean renewables industries to pitch their ideas. This year, ten start-up companies whose technologies and products serve ocean renewable development will present at the Network’s annual International Partnering Forum (IPF), taking place in New Orleans April 22-25 (IPF Week).

To support its rapid growth along U.S. coastlines, offshore wind and other ocean renewables require innovative businesses within the supply chain to help reduce costs and ensure sustainable development. As a highly complex industry, it can be intimidating for new companies to gain a foothold. Startup Alley gives these businesses the opportunity to showcase their innovations and directly connect with industry leaders and stakeholders at the largest industry conference in the Americas. 

“As the industry moves into a new, operational era, continued innovation will be critical to reducing project cost and maximizing the life cycles of offshore wind projects,” said Liz Burdock, founder and CEO of Oceantic Network. “Through this partnership with SeaAhead, we can showcase novel solutions that solve real problems, making the development of offshore wind more efficient across the industry.”

This year’s cohort of startups are introducing new ways to reduce costs and streamline efficiencies while improving sustainability across multiple facets of the industry’s supply chain. New technologies cover areas including construction operations, deep-sea anchors, Unmanned Surface Vehicles (USVs), 3D printing, data-driven digital platforms, technical meteorology models, wave energy conversion, and workforce development.  

The 2024 Startup Alley participants are:

  • Attender
    Provides a platform that digitizes maritime procurement
     
  • Deep Anchor Solutions
    Pioneered a deeply embedded ring anchor (DERA) for floating offshore wind
     
  • Ecowind Solutions
    Created a comprehensive project management system for offshore wind
     
  • Ithaca Clean Energy
    Developed a digital twin system for offshore wind projects
     
  • IWNL Energy
    Created a tool to help individuals find jobs in offshore wind
     
  • Open Ocean Robotics
    Develops data-collecting USVs for offshore wind projects
     
  • RCAM Technologies
    Fabricates components for ocean renewable projects using 3D concrete printing
     
  • Triton Anchor
    Provides an innovative subsea anchoring solution for floating offshore wind
     
  • Veer
    Analyzes downwind effects of offshore wind turbines
     
  • Wave Power Engineering
    Pioneered an ocean wave energy converter with no moving parts 

For the third year, the Network and SeaAhead have partnered to select the promising startups within the global offshore wind and ocean renewable industries. Each company will showcase their work on the Exhibit Floor, present their pitch to IPF participants, and take part in a moderated Q&A.

“We're delighted to partner with Oceantic Network to organize this year's Startup Alley,” said Nadir Ait-Laoussine, VP of Platform and Programs for SeaAhead.“This year's cohort of startups continues to demonstrate how innovative solutions and technologies can be found across the industry's value chain. SeaAhead works closely with startups and our partners to bring these technologies to market by helping to catalyze ecosystems, building ecosystems and startups, and investing in startups.”

More Information:

Oceantic Network | https://oceantic.org/

Feb 29, 2024
GOLDBECK SOLAR Investment as Part of the Joint venture PACE Canada LP sells 61 MWp Joffre Solar Park to Concord Green Energy

GOLDBECK SOLAR Investment, the investment company of the internationally leading GOLDBECK SOLAR Group specializing in the turnkey construction of industrial, commercial, and large-scale photovoltaic plants, has with its partner Pathfinder Clean Energy (PACE) successfully sold the Joffre solar park in Alberta Canada with a total capacity of 61 MWp to Concord Green Energy. 

PACE Canada is a 50/50 joint venture between Pathfinder Clean Energy (PACE) and GOLDBECK SOLAR Investment with a significant pipeline of projects in Canada across solar and energy storage. 

foggy solar shot

The Joffre solar plant is located in Alberta, Canada and has been in operation since December 2023 following its completion by GOLDBECK SOLAR North America. The solar park has an installed capacity of 61 MWp and thus makes an important contribution to the supply of clean energy in Canada. Joffre will generate 88.19 GWh of clean energy per year, enough to power more than 12,000 homes in Alberta. This will save approximately 51,500 tons of CO2 emissions per year. The buyer Concord Green Energy specializes in renewable energy and already generates more than enough green energy from solar, hydro and wind power for all of Concord Pacific’s communities. 

Boris Beltermann, COO of GOLDBECK SOLAR Investment stated: "We are very pleased about the successful project sale to a company that pursues the same goals as ours, i.e. to develop solutions that protect the climate and are in harmony with nature in order to ensure the basis for a healthy and sustainable planet. By selling the solar park, we are paving the way for an emission-free and green electricity supply in Canada." 

Rob Denman, President of PACE Canada and Managing Director of Pathfinder Clean Energy (PACE) said: “PACE entered the Alberta market in 2018 and Joffre was one of the first assets we started to develop. We are delighted to have brought this project through development and construction and into operation. With a significant pipeline of projects to follow and with the end of the development moratorium in Alberta we look forward to pushing on in this exciting market to bring significant clean energy and flexibility into the market.” 

GOLDBECK SOLAR Investment | https://goldbecksolar.com/en/

Alternative Energies May 15, 2023

Mobilizing to Win

The United States is slow to anger, but relentlessly seeks victory once it enters a struggle, throwing all its resources into the conflict. “When we go to war, we should have a purpose that our people understand and support,” as former Secretary ....

Alternative Energies Mar 14, 2023
6 min read
Supporting the Global Transition to Renewable Energy with Automated Demand Response

Policymakers worldwide are committing to achieving 100 percent NetZero clean energy deployment by 2050 to avoid a global temperature rise of 1.5 °C. To meet this goal, there is an inherent need to expedite the transition to renewable, low emission energy sources through all means necessary. In recent years, environmental concerns and cost reduction tactics have catalyzed the clean energy sector’s rapid growth and acted as key drivers in the swift deployment of sustainable power generation.

Burning fossil fuel has been the most commonly used, cost-effective method for generating electricity and heat for most of human history but its negative and lasting environmental implications are proven, vast and increasingly palpable. The United Nations reports that fossil fuels currently account for over 75 percent of global greenhouse gas emissions while the World Health Organization’s COP24 Special Report indicates that the air pollution it creates has contributed to $2.9 trillion in health and economic-related costs. 

power towers

As ambitious and complex as it may be, a global reduction of CO2 emitting resources and the shift towards 100 percent clean energy is imperative to decarbonizing the power sector and creating a sustainable future for our planet and society. As renewable energy costs have decreased and been utilized at scale, we’ve seen a shift in utility’s power generation mix, which has not only altered power provider’s approach to balancing energy supply and loads but also requires significant technological advancements in order to manage the grid’s stability, feasibility and emission profiles. It is estimated that nearly half the technologies needed to achieve NetZero by 2050 are in prototype phases, which means the other half are ready for deployment right now. One such tool is Automated Demand Response (Auto-DR). 

Auto-DR Supports Sustainable Energy Conservation

As the demand for electricity increases, utility providers must generate and distribute more power, or alternatively, reduce energy consumption to prevent supply and demand issues—which is where Auto-DR comes into play. In its most basic form, Auto-DR serves as an energy management program offered by energy providers to incentivize energy conservation when the power supply is low. 

Auto-DR is an opt-in program where energy users are compensated by utilities for minimizing power consumption during peak demand periods to avoid grid strain. Users can automatically curtail energy deployment when the grid is under duress and play a significant role in balancing power supply and demand while still maintaining their business operations. For example, a supermarket with an integrated Auto-Dr program can seamlessly reduce specified energy loads for a few hours without impacting food quality or customer comfort. When multiple buildings participate in an event at the same time, the combined energy reduction significantly contributes to stabilizing the grid and preventing blackouts.

In today’s market, there are many advanced Auto-DR programs available that allow for easy integration and cost-free participation across multiple industries. Modern Auto-DR programs enable users to deploy intelligent automation, connected through building control and power management systems, to curb energy loads, making it a cost-effective, flexible and easily implemented way to drive energy conservation. In effect, each participating facility becomes part of a distributed virtual power plant that providers leverage to offset energy supply and demand. 

Auto-DR can also be applied by utilities to balance wind and solar production. If the power generated is less than expected, providers can trigger an Auto-DR event to help match the supply and demand to enable greater renewable energy penetration into the system. Customers maintain control of the event settings by determining when and how energy usage is curbed based on their operational needs, and in turn, support grid stability and gain access to financial compensation from their power provider.

sunset far away turbines

Auto-DR’s Role in Creating a NetZero Future

Beyond stabilizing the grid, Auto-DR enables commercial and industrial businesses to minimize their greenhouse gas emissions and improve their bottom line—making it a win-win. Once a building’s energy loads are connected, users receive signals and have the ability to set triggers that automate the reduction of energy consumption when majority of the grid’s power is generated from non-renewables like gas or coal. These advanced Auto-DR offerings provide a seamless way to help curb fossil fuel usage and monitor the real-time carbon makeup of the grid. When CO2/MWh are high, the right Auto-Dr system can match clients’ flexible loads with intelligent automation, allowing them to avoid carbon-intensive energy use based on their own customized specifications.

For organizations, Auto-DR is an effective power reducer that can be leveraged to achieve internal and external regulatory compliance while also aiding in ESG initiatives by decreasing its carbon footprint. For example, a big box retailer or large grocery store that could curtail roughly 30 kW of HVAC or refrigeration load across 120 stores, 40 hours per year, would have avoided over 110,000 pounds for CO2 emissions, which equates to 21 cars off the road annually. In an age of highly conscious consumers that base much of their purchasing decisions on how an organization invests or supports environmental causes, customers expect a significant level of corporate responsibility and commitment to acting as environmental and community stewards. Auto-DR allows companies to meet and exceed customer expectations by seamlessly enabling greener and more environmentally sustainable business operations. 

With Auto-DR, We Are One Step Closer to Reaching Future Global Renewable Energy Goals

Preserving finite resources and the planet for ourselves and for generations to come is something we have the ability to address and act on right now. The grid’s transition to lowering carbon emissions and deploying cleaner energy alternatives is a massive undertaking that requires innovation, critical changes in consumption and a continual shift in how we utilize available technology. The simple and immediate implementation of Auto-DR not only supports this through energy conservation but will also play a vital role in global decarbonization, eliminating fossil fuels and establishing a NetZero future in the transition towards a cleaner, more sustainable grid.

 

James Muraca serves as the Chief Technology Officer for Enersponse, an energy conservation management firm and Auto-DR platform provider than enables businesses across the U.S. maximize financial savings, preserve energy, increase power reliability and resilience and improve their environmental footprints and bottom lines. 

Enersponse | https://www.enersponse.com/

 

 

James Muraca

Alternative Energies Jun 26, 2023
8 min read
Investing in the Future: Mobilizing capital and partnerships for a sustainable energy transition

Unleashing trillions of dollars for a resilient energy future is within our grasp — if we can successfully navigate investment risk and project uncertainties.

The money is there — so where are the projects?

A cleaner and more secure energy future will depend on tapping trillions of dollars of capital. The need to mobilize money and markets to enable the energy transition was one of the key findings of one of the largest studies ever conducted among the global energy sector C-suite. This will mean finding ways to reduce the barriers and uncertainties that prevent money from flowing into the projects and technologies that will transform the energy system. It will also mean fostering greater collaboration and alignment among key players in the energy space.

stocksInterestingly, the study found that insufficient access to finance was not considered the primary cause of the current global energy crisis. In fact, capital was seen to be available — but not being unlocked. Why is that? The answer lies in the differing risk profiles of energy transition investments around the world. These risks manifest in multiple ways, including uncertainties relating to project planning, public education, stakeholder engagement, permitting, approvals, policy at national and local levels, funding and incentives, technology availability, and supply chains.

These risks need to be addressed to create more appealing investment opportunities for both public and private sector funders. This will require smart policy and regulatory frameworks that drive returns from long-term investment into energy infrastructure. It will also require investors to recognize that resilient energy infrastructure is more than an ESG play — it is a smart investment in the context of doing business in the 21st century.

Make de-risking investment profiles a number one priority

According to the study, 80 percent of respondents believe the lack of capital being deployed to accelerate the transition is the primary barrier to building the infrastructure required to improve energy security. At the same time, investors are looking for opportunities to invest in infrastructure that meets ESG and sustainability criteria. This suggests an imbalance between the supply and demand of capital for energy transition projects.

How can we close the gap?

One way is to link investors directly to energy companies. Not only would this enable true collaboration and non-traditional partnerships, but it would change the way project financing is conceived and structured — ultimately aiding in potentially satisfying the risk appetite of latent but hugely influential investors, such as pension funds. The current mismatch of investor appetite and investable projects reveals a need for improving risk profiles, as well as a mindset shift towards how we bring investment and developer stakeholders together for mutual benefit. The circular dilemma remains: one sector is looking for capital to undertake projects within their skill to deploy, while another sector wonders where the investable projects are.

This conflict is being played out around the world; promising project announcements are made, only to be followed by slow progress (or no action at all). This inertia results when risks are compounded and poorly understood. To encourage collaboration between project developers and investors with an ESG focus, more attractive investment opportunities can be created by pulling several levers: public and private investment strategies, green bonds and other sustainable finance instruments, and innovative financing models such as impact investing.

sunset

Expedite permitting to speed the adoption of new technologies

Another effective strategy to de-risk investment profiles is found in leveraging new technologies and approaches that reduce costs, increase efficiency, and enhance the reliability of energy supply. Research shows that 62 percent of respondents indicated a moderate or significant increase in investment in new and transitional technologies respectively, highlighting the growing interest in innovative solutions to drive the energy transition forward.

Hydrogen, carbon capture and storage, large-scale energy storage, and smart grids are some of the emerging technologies identified by survey respondents as having the greatest potential to transform the energy system and create new investment opportunities. However, these technologies face challenges such as long lag times between conception and implementation. 

If the regulatory environment makes sense, then policy uncertainty is reduced, and the all-important permitting pathways are well understood and can be navigated. Currently, the lack of clear, timely, and fit-for-purpose permitting is a major roadblock to the energy transition. To truly unleash the potential of transitional technologies requires the acceleration of regulatory systems that better respond to the nuance and complexity of such technologies (rather than the current one-size-fits all approach). In addition, permitting processes must also be expedited to dramatically decrease the period between innovation, commercialization, and implementation. One of the key elements of faster permitting is effective consultation with stakeholders and engagement with communities where these projects will be housed for decades. This is a highly complex area that requires both technical and communication skills.

The power of collaboration, consistency, and systems thinking

The report also reveals the need for greater collaboration among companies in the energy space to build a more resilient system. The report shows that, in achieving net zero, there is a near-equal split between those increasing investment (47 percent of respondents), and those decreasing investment (39 percent of respondents). This illustrates the complexity and diversity of the system around the world. A more resilient system will require all its components – goals and actions – to be aligned towards a common outcome.

Another way to de-risk the energy transition is to establish consistent, transparent, and supportive policy frameworks that encourage investment and drive technological innovation. The energy transition depends on policy to guide its direction and speed by affecting how investors feel and how the markets behave. However, inconsistent or inadequate policy can also be a source of uncertainty and instability. For example, shifting political priorities, conflicting international standards, and the lack of market-based mechanisms can hinder the deployment of sustainable technologies, resulting in a reluctance to commit resources to long-term projects.

electric little car

Variations in country-to-country deployment creates disparities in energy transition progress. For instance, the 2022 Inflation Reduction Act in the US has posed challenges for the rest of the world, by potentially channeling energy transition investment away from other markets and into the US. This highlights the need for a globally unified approach to energy policy that balances various national interests while addressing a global problem.

To facilitate the energy transition, it is imperative to establish stable, cohesive, and forward-looking policies that align with global goals and standards. By harmonizing international standards, and providing clear and consistent signals, governments and policymakers can generate investor confidence, helping to foster a robust energy ecosystem that propels the sector forward.

Furthermore, substantive and far-reaching discussions at international events like the United Nations Conference of the Parties (COP), are essential to facilitate this global alignment. These events provide an opportunity to de-risk the energy transition through consistent policy that enables countries to work together, ensuring that the global community can tackle the challenges and opportunities of the energy transition as a united front.

Keeping net-zero ambitions on track

Despite the challenges faced by the energy sector, the latest research reveals a key positive: 91 percent of energy leaders surveyed are working towards achieving net zero. This demonstrates a strong commitment to the transition and clear recognition of its importance. It also emphasizes the need to accelerate our efforts, streamline processes, and reduce barriers to realizing net-zero ambitions — and further underscores the need to de-risk energy transition investment by removing uncertainties.

The solution is collaborating and harmonizing our goals with the main players in the energy sector across the private and public sectors, while establishing consistent, transparent, and supportive policy frameworks that encourage investment and drive technological innovation.

These tasks, while daunting, are achievable. They require vision, leadership, and action from all stakeholders involved. By adopting a new mindset about how we participate in the energy system and what our obligations are, we can stimulate the rapid progress needed on the road to net zero.

 

Dr. Tej Gidda (Ph.D., M.Sc., BSc Eng) is an educator and engineer with over 20 years of experience in the energy and environmental fields. As GHD Global Leader – Future Energy, Tej is passionate about moving society along the path towards a future of secure, reliable, and affordable low-carbon energy. His focus is on helping public and private sector clients set and deliver on decarbonization goals in order to achieve long-lasting positive change for customers, communities, and the climate. Tej enjoys fostering the next generation of clean energy champions as an Adjunct Professor at the University of Waterloo Department of Civil and Environmental Engineering.

GHD | www.ghd.com

Dr. Tej Gidda

Alternative Energies Mar 13, 2023
3 min read
Next Steps to Implement the Inflation Reduction Act

Governments around the world are racing to deal with soaring inflation. Natural gas prices were already on the rise as economies emerged from their coronavirus lockdowns, pushing up demand, but sanctions stemming from Russia’s invasion of Ukraine and the slowdown in domestic production have squeezed supply, sedning international gas markets into turmoil.

Combined with rising energy prices, the lack of grain being exported from both Ukraine and Russia has had a domino effect, forcing up the cost of everything, from food to transportation; whether household or business, everyone is feeling the squeeze.

solar and bridge

Here, in the United States, the centerpiece of President Joe Biden’s attempts to tackle rising prices is his Inflation Reduction Act (IRA), passed by Congress in August 2022. The headline figures were eye-catching: $369 billion invested in energy security and tackling climate change; energy bills cut by between $500 and $1,000 each year; and carbon emissions down 40 percent by 2030. The energy industry is still coming to terms with the scale of the ambition and investment committed.

Underpinning those ambitions are investments covering a wide range of green technologies, from rebates for families to install heat pumps and tax credits to erect solar panels, to incentivizing the purchase of electric vehicles (EVs). Businesses, communities, and homes are set to receive support to install 950 million solar panels, 120,000 wind turbines, and 2,300 grid-scale battery plants before the end of the decade.

The biggest challenge will be connecting all of these renewable assets to the grid, which will involve massive investments to update wires and substations to where they can accept the additional power without breaking down. The answer? Linking energy to data.

Roof-mounted solar panels, EV charging points, and grid-scale batteries are all examples of distributed energy resources (DERs) – devices that are connected to the local distribution network, rather than the national transmission network. A helpful way to picture this is looking at the transmission network as the trunk of a tree, with the distribution grid as itsbranches.

Distribution networks are already under pressure; there are long waits to connect solar arrays or wind farms to the grid. Upgrading the network to increase capacity is an expensive and time-consuming process.

office meeting computer screen

That’s where data can work its magic. Specialist software – called a distributed energy resources management system (DERMS) – can use data from sensors around the grid to help balance supply and demand. This identifies where there is capacity within the existing infrastructure to connect DERs, like wind turbines, solar panels, or grid-scale batteries. 

If the U.S. is going to reap the benefits from the IRA, then distribution network operators will need to invest in DERMS in order to maximize the use of their existing infrastructure. The alternative is to spend vast amounts of money erecting transmission and distribution lines, building substations, and buying transformers in order to cope with rising demand for connections. By not adopting these state-of-the-art digital solutions, the entire renewables industry risks significant delays for customers wanting to switch to electric vehicles, heating, cooling, and powering their homes and businesses. 

Undoubtedly, new infrastructure will be needed as we approach 2030. However, the more immediate goal is making the most of the equipment that we already have so that we are able to implement the IRA in the most cost-effective way possible. DERMS holds the key to unlocking the potential of the legislation, and unleashing cost savings for homes and businesses throughout the nation.

 

Dr. Graham AultDr. Graham Ault is Executive Vice-President of Smarter Grid Solutions, an energy software company with an end-to-end approach to DERMS to deliver net zero energy systems.

Smarter Grid Solutions | www.smartergridsolutions.com

Dr. Graham Ault

Dec 08, 2023
Lighting the Way for Solar Panel Manufacturing Start-Ups

Factory start-ups in any industry are never “plug-and-play.” Start-ups in the solar panel manufacturing industry are no exception. Yet problems persist. From conducting haphazard start-up preparation to hiring unqualified technicians, these start....

Solar Nov 15, 2023
5 min read
Turning Commercial Rooftops into Community Solar Resources

Supply and demand for solar energy are both at unprecedented levels, which should give us all hope for our shared clean energy future. And North America’s commercial real estate owners – especially those who own buildings with large rooftops – ....

Shaun Keegan

Solar Nov 15, 2023
8 min read
How to Ensure Safety Under UL 3741 – Understanding the risks and limitations of solutions without DC optimization

The introduction of the UL 3741 Standard for Photovoltaic Hazard Control in 2020 was hailed as an important milestone in the solar industry’s continuing drive to improve solar system safety. Building on rapid shutdown best pract....

Jason Bobruck, Bill Brooks, and Kleber Fachini

Mar 01, 2024

SunRocket Capital Closes $14.5 Million in Financing with Donato Solar, LLC for Three 2MW Solar Developments in Illinois

Feb 29, 2024

GOLDBECK SOLAR Investment as Part of the Joint venture PACE Canada LP sells 61 MWp Joffre Solar Park to Concord Green Energy

Feb 29, 2024

Altius Renewable Royalties Announces New US$30 Million Investment with Apex Clean Energy

Feb 29, 2024

“Solar for All” Applications Forecast Monumental Expansion of Low-Income Solar Market – New Report

Feb 29, 2024

Canadian Solar Celebrates Contribution to Historic 100% Renewable Energy-Powered Super Bowl LVIII in Las Vegas

Feb 28, 2024

Introducing SunRocket Capital: A Renewed Identity Reflecting Our Vision for the Future and Management Changes at (formerly) Sol-REIT

Feb 28, 2024

SolaREIT Announces New $30 Million Revolving Credit Facility with Atlantic Union Bank

Feb 28, 2024

Solar Pakistan 2024: Sineng Electric Pioneers Green Energy Solutions

Feb 23, 2024
Can We Overcome the Social License Barrier?

Have we hit an inflection point where each new wind or solar project is harder to build than the last? In August 2023, the Canadian province of Alberta imposed a regulatory moratorium on new grid-scale renewables, affecting 118 projects wor....

Wind Jan 15, 2024
5 min read
Wind of change: The digital transformation of wind energy

The share of U.S. electricity generation from wind energy has grown from less than 1 percent in 1990, to about 10.2 percent in 2022. To achieve this accomplishment over the past two decades, the wind industry had to increase the rated capacity of win....

Heinrich Dyck

Wind Jan 15, 2024
5 min read
The Sound of Success in the Wind Industry

Wind energy continues to be a pivotal player in the global shift towards sustainable power sources. As the wind industry advances, so does the need for efficient and reliable methods to monitor the health of wind turbine components, with a particular....

Valery Godinez-Azcuaga

Feb 29, 2024

ACP Statement on New York Offshore Wind Contract Awards

Feb 29, 2024

Sunrise Wind Selected for Award in New York’s Fourth Offshore Wind Solicitation

Feb 29, 2024

Ten Startups Selected to Pitch Ocean Renewables Innovations at IPF

Feb 29, 2024

Updated Bid for Sunrise Wind Wins New York’s Latest Offshore Wind Solicitation

Feb 29, 2024

New York Delivers on Offshore Wind with Shovel-Ready Empire Wind 1

Feb 29, 2024

Global Wind Service Forms Strategic 3-Year Partnership with RWE to Support Offshore Wind Fleet Servicing in UK & German Waters

Feb 29, 2024

Sulmara Increasing Commitment to Clients with New Route Development Business Line

Feb 27, 2024

Alleima Unveils New Alloy Designed Specifically for Subsea Umbilicals

Jan 15, 2024
Precision Humidity Measurement Drives Fuel Cell Development Forward

Not enough people know that hydrogen fuel cells are a zero-emission energy technology. Even fewer know water vapor's outsized role in electrochemical processes and reactions. Producing electricity through a clean electrochemical process with water....

Energy Storage Jan 15, 2024
5 min read
‘Driving’ Change: EV Tax Credit Revolution Unveiled in 2024

In the ever-evolving landscape of sustainable transportation, a ground-breaking shift is here: 2024 ushers in a revolutionary change in Electric Vehicle (EV) tax credits in the United States. Under the Inflation Reduction Act (IRA), a transforma....

Greg Reimer

Energy Storage Jan 15, 2024
6 min read
Reaching Pricing Parity: Public EV fast charger vs. traditional fuel

The fact that EV charging is currently cheaper than filling up your traditional gas tank has set a precedent that public EV charging will always remain less expensive. This is certainly a good thing to support the adoption of EVs, but the high infras....

Cole Rosson

Feb 29, 2024

LG Energy Solution-Honda EV Battery Plant in Ohio Takes "Leap" Forward as Final Structural Beam Marks Major Construction Milestone

Feb 29, 2024

Chevron Announces its First Solar-to-Hydrogen Production Project in California’s Central Valley

Feb 29, 2024

Japanese Chemical Company UBE Announces $500 Million Investment to Build Louisiana Facility to Serve Growing EV Battery Market

Feb 29, 2024

Wireless EV Charging Gains Momentum with New Industry Partnerships

Feb 28, 2024

Ecobat Finalizes New Contract to Recycle EV Batteries for Volkswagen Group UK

Feb 28, 2024

Skanska Concludes its 90-Day Pilot Program of the Zero-Emission Volvo EC230 Electric in North America

Feb 28, 2024

Inlyte Energy Welcomes Ben Kaun as its New Chief Commercial Officer

Feb 28, 2024

DelHyVEHR – (Delivery of Liquid Hydrogen for Various Environment at High Rate)

Jan 15, 2024
Mind Your Intellectual Property: Strategies for renewable energy leadership

Now more than ever, it would be difficult to overstate the importance of the renewable energy industry. Indeed, it seems that few other industries depend as heavily on constant and rapid innovation. This industry, however, is somewhat unique in its e....

Alternative Energies Nov 15, 2023
4 min read
The Future of Houses is Passive

University of Toronto’s latest student residence welcomes the future of living with spaces that are warmed by laptops and shower water.  In September 2023, one of North America’s largest residential passive homes, Harmony Commons, located....

Justin Biordi

Alternative Energies Nov 15, 2023
5 min read
Demand Response Program Management: Outsourcing vs. in-house

For decades, demand response (DR) has proven a tried-and-true conservation tactic to mitigate energy usage during peak demand hours. Historically, those peak demand hours were relatively predictable, with increases in demand paralleling commuter and ....

Syd Bishop

Feb 09, 2024

ACORE Congratulates New FERC Chair Willie Phillips

Feb 09, 2024

In a Historic First, the Big Game to Utilize 100% Carbon-Free Energy: The Las Vegas Raiders and Allegiant Stadium Tap NZero for Real-Time Energy & Emissions Data

Feb 08, 2024

Canter Appoints Ken Cunningham as Technical Advisor

Feb 08, 2024

Two Thirds of Energy Consumers Unwilling to Spend More Time and Money to be Sustainable - EY Research

Feb 08, 2024

Swell Energy Inc. Acquires Renu Energy Solutions to Expand Virtual Power Plant Footprint to Key Markets

Feb 08, 2024

Consortium Including Eco Wave Power, Toshiba, Hitachi Energy, and UK Universities Secure £1.5 Million Grant to Develop Wave-Powered Microgrid for Island in Thailand

Feb 07, 2024

Accelerated Renewable Energy Deployment and Energy Storage Needed for a Resilient Power Grid in Puerto Rico

Feb 07, 2024

Vitro Architectural Glass Unveils New Interior Low-Emissivity Coating, Sungate ThermL Glass