Smart Grid
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…...
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…...
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…...
President Obama has ordered a comprehensive energy strategy review to ensure federal policies continue to address changing energy requirements. On January 9, 2014, President Obama signed a memorandum establishing a Quadrennial Energy Review (QER) to enhance the federal government’s capability to provide a comprehensive and integrated energy strategy to meet challenges posed by rising energy…...
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…...
New York State’s largest rooftop solar PV system connects to the Con Edison network through smart grid technology and computer-controlled remote monitoring. On December 9, 2013, NY State Governor Andrew M. Cuomo announced the completion of the state’s largest rooftop solar installation under the NY-Sun initiative. The 1.56 MW solar photovoltaic (PV) system, installed at…...
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…...
In the wake of Superstorm Sandy, which left at total of 8.5 million customers without power, the need for a smarter and more resilient grid has never been greater. To achieve this, the Hurricane Sandy Rebuilding Task Force is partnering with affected states to rebuild smarter and stronger. The Sandy Supplemental Appropriation has allocated approximately…...