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…...
Con Edison’s new multi-year rate plan keeps electric, gas, and steam delivery charges unchanged for 2 to 3 years and includes $1B for climate resiliency measures. Consolidated Edison Company’s (Con Edison) new multi-year, rate-stabilizing agreement approved by the New York State Public Service Commission (PSC) on February 20, 2014 will keep its base electric rates…...
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…...
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…...
In last night’s 2014 State of the Union Address, President Barack Obama highlighted energy industry progress as a major job and economic growth driver. The President first mentioned crude oil production outpacing imports for the first time in nearly 20 years, then natural gas production and how if extracted safely, it can serve as a…...
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…...
