ENERGY STORAGE
The New York Power Authority has released its updated strategic plan outlining actionable initiatives to attain a transformed energy system. On March 26, 2014, the New York Power Authority (NYPA) released its Strategic Vision 2014-2019, an updated strategic plan aimed to boost economic growth by providing more value to NYPA customers. Through the plan, NYPA…...
The traditional electricity power grid is undergoing a historic shift with the emergence of decentralized power generation. The Federal Energy Regulatory Commission (FERC) is charged with overseeing complex state, regional, and local transmission laws and regulatory environments, which can vary significantly. This variance, combined with a more open transmission project market may lead to increased…...
The FY 2015 budget plan proposes $27.9B in DOE funding, reiterating President Obama’s commitment to a low-carbon future and energy infrastructure resilience. President Barack Obama’s FY 2015 budget plan released on March 4, 2014 allocates $27.9B for the Department of Energy (DOE), a 2.6 percent increase from the 2014 enacted level. It reflects DOE reorganization…...
To date, the 2009 Advanced Research Projects Agency-Energy has invested $900M for innovative projects leveraging $625M in private funding. On February 25, 2014, the Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) announced that it has advanced 22 innovative projects over the past five years, leveraging approximately $625M private funding following its…...
Hawaii Senate Bill 2933 mirrors energy storage sector growth interest and introduces investment and utilization tax credits. Senate Bill 2933 introduces two tax credit forms on utility scale renewable energy storage properties with the requirement that all departments of business, economic, and tourism are to submit an annual joint report to legislature. Investment credit will…...
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…...
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…...
New York State has won the “Deal of the Year for Small Issuer Financing” award for its innovative residential energy efficiency financing through revenue bonds. On December 6, 2013, the New York State Energy Research and Development Authority (NYSERDA) and Environmental Facilities Corp. (EFC) announced the award of “Deal of the Year for Small Issuer…...
Development of clean energy and energy efficiency solutions are confronted by challenges including federal policy uncertainties jeopardizing grants and tax credits, state budget constraints, and insufficient capital markets. Several states are exploring ways to leverage public resources with innovative banking and financial mechanisms to facilitate large-scale deployment of low-carbon technologies. Overview Many federal energy subsidies…...
DOE has announced $30M to develop electrochemical technologies for low-cost distributed generation. On November 25, 2013, the Department of Energy (DOE) announced up to $30M in funding to advance distributed power generation technologies under the Advanced Research Projects Agency –Energy’s (APRA-E) Reliable Electricity Based on Electrochemical Systems (REBELS). The REBELS project will support transformational electrochemical…...
California has finalized energy storage procurement targets for its investor-owned utilities to procure 1,325 MW of energy storage capacity by 2020. On October 17, 2013, the California Public Utilities Commission (CPUC) finalized a proposal to establish policies and mechanisms for its energy storage procurement framework and design program. The proposed decision is pursuant to 2010…...
Governor Cuomo took the first step in the New York Green Bank capitalization process to facilitate private capital flow for clean energy projects. On September 10, 2013, New York State Governor Andrew M. Cuomo formally launched the $1 billion Green Bank initiative, the central part of innovative clean energy proposals announced during his 2013 State…...