Energy Efficiency
Joule Assets and Kilowatt Financial have both unveiled $100 million funds for energy efficiency projects. Kilowatt specializes in project financing in solar and efficiency sectors and closed a credit facilitation with Citi on January 21. Kilowatt’s fund is segmented towards homeowners from 10 to 12 years up to $30,000. This recent development is leading to…...
The NY Green Bank has issued a request for proposal to private sector lenders to facilitate financing for clean energy projects. On February 11, 2014, NY State Governor Andrew M. Cuomo announced the start of NY Green Bank’s business operations through a request for proposal (RFP) to industry participants, private-sector capital providers, and investors for…...
On January 21, Kilowatt Financial announced $100 million debt facility with Citi to support residential energy efficiency upgrades. One day later, Joule Assets announced a $100 million fund to aggregate energy efficiency and demand response projects for private equity investors. Overview Although creative energy efficiency financing has existed for decades, new mechanisms are emerging to…...
New York Power Authority has launched a public-private collaborative to promote emerging building energy efficiency technologies that support economic growth. On February 6, 2014, the New York Power Authority (NYPA) launched the Energy Efficiency Innovation Collaborative (EE-INC), a public-private partnership of leading energy establishments, aimed to improve energy efficiency in state buildings through emerging technologies…...
DOE’s new efficiency standards for external power supplies update 2007 standards and establish new standards for power supplies that are currently not subject to regulations. On February 3, 2014, the Department of Energy (DOE) issued new energy efficiency standards for external power supplies (EPS) used in consumer applications to convert wall outlet power into lower…...
NY Governor Cuomo has awarded new funding to advance innovative smart grid technologies to modernize the state electric grid. On February 3, 2014, New York City Governor Andrew M. Cuomo announced $4.3M funding for advanced smart grid projects aimed to increase electric grid resiliency and efficiency. The funding, awarded by the New York State Energy…...
The City Energy Project, a pioneering effort of 10 major cities, will use innovative strategies to boost energy efficiency in large buildings. On January 29, 2014, the Natural Resources Defense Council (NRDC) announced the participation of 10 major U.S. cities – Atlanta, Boston, Chicago, Denver, Houston, Kansas City, Los Angeles, Orlando, Philadelphia, and Salt…...
Solar carve-outs have been implemented as part of the Renewable Portfolio Standard (RPS) in 14 U.S. states and the District of Columbia, helping to support the expansion of solar energy projects throughout the nation. All of these states are on track to meet their long-term compliance goals, and all show increasing percentages of annual RPS…...
Commercial and industrial buildings consume half of the energy in the U.S. annually. Federal, state and local governments have made improved building energy efficiency a priority and it is being willingly adopted in the private sector through the Better Buildings Challenge. Overview In the past five years, the U.S. Department of Energy (DOE) has launched…...
Governor Cuomo’s 2014 State of the State agenda includes new clean energy and climate initiatives with a grid resiliency and distributed generation focus. In his State of the State (SOS) address on January 8, 2014, New York State Governor Andrew M. Cuomo reaffirmed his commitment to clean energy, proposing significant initiatives to address energy and…...
A new Presidential Memorandum directs federal agencies to incorporate the Green Button energy management tool for secure access and transmission of energy consumption data. On December 5, 2013, President Obama issued a Presidential Memorandum on “Federal Leadership on Energy Management,” directing federal agencies to meet 20 percent of their electricity requirements from renewable sources by…...
New set-top box efficiency standards are expected to save more than $1B on annual consumer energy bills. On December 23, 2013, the Department of Energy (DOE) announced non-regulatory efficiency standards to improve pay-television set-top box efficiency by 10 to 45 percent by 2017. The agreement, developed in coordination with the Natural Resources Defense Council (NRDC),…...