Report: Driven by carbon, reliability rules, energy service companies poised for growth | Utility Dive

June 15, 2015 // 0 Comments

The market for energy service companies (ESCOs) will reach $11.5 billion in 2024, up from $6.3 billion this year, according to analysis from Navigant.The growth is being driven by the demand for energy efficiency retrofits and building improvements, as customers are forced to comply with new carbon policies and reliability standards.The largest energy service companies are also expected to find opportunities in Europe, where the market has traditionally lagged. Source: Report: Driven by carbon, reliability rules, energy service companies poised for growth | Utility Dive

China To Build 50MW Solar Power Plant In Kenya Amid Investment Boom

June 15, 2015 // 0 Comments

China is set to construct a solar power plant in Kenya as part of an ongoing investment plan between the two countries, media reports said Sunday. The 50-megawatt plant, which is planned to be built in the city of Garissa, will be financed by the Export-Import Bank of China, reports said, citing China’s ambassador to Kenya, Liu Xianfa. Source: China To Build 50MW Solar Power Plant In Kenya Amid Investment Boom

POWER, PEOPLE, PLANET

June 15, 2015 // 0 Comments

For Sub-Saharan Africa, 2015 is a turning point. The summits on sustainable development, financing and climate change are swinging the spotlight not only onto Africa’s needs to accelerate development and adapt to global warming, but also onto the region’s urgent energy crisis. Two in three Africans lack access to electricity. http://www.africaprogresspanel.org/publications/policy-papers/2015-africa-progress-report/

US solar PV grows 1.3 GW in Q1, installed cost drops 10% | Utility Dive

June 12, 2015 // 0 Comments

U.S. residential solar photovoltaic (PV) installed capacity grew by 437 MW in Q1 2015, a 76% increase over Q1 2014, according to the “Q1 U.S. Solar Market Insight report” from GTM Research and the Solar Energy Industries Association. The average residential installed cost was $3.48 per watt, 10% below Q1 2014’s installed cost. Source: US solar PV grows 1.3 GW in Q1, installed cost drops 10% | Utility Dive

Storage update: Inside the sector’s hot Q1 and what’s next for utilities & suppliers | Utility Dive

June 12, 2015 // 0 Comments

First quarter numbers are often unimpressive because companies tend to put more effort into planning than building in the first three months of the year. But the U.S. deployed 5.8 MW of storage in Q1 2015, 16% more than Q1 2014. Utility-scale, in-front-of-the-meter storage, the sector’s biggest component, added 4.2 MW in six projects. Behind-the-meter (BTM) storage had its biggest Q1 ever, with 1.6 MW of capacity installed, a jump of 132% from Q1 2014. Source: Storage update: Inside the sector’s hot Q1 and what’s next for utilities & suppliers | Utility Dive

EEI 2015: 5 major utility CEOs on the transformation of the energy system | Utility Dive

June 11, 2015 // 0 Comments

Head over to Utility dive now for some insights! It’s not often that journalists get the chance to hear the leaders of four major utilities talk about the hot-button issues in the electric sector, but that’s exactly what the EEI annual convention provided Wednesday. The panel of the EEI board, moderated Dominion CEO Tom Farrell, featured outgoing EEI chair and Southern California Edison CEO Ted Craver, Exelon CEO Chris Crane, Southern Company CEO Tom Fanning, and American Electric Power CEO Nick Atkins. They spoke on a variety of topics, from renewables subsidies to storage and the Clean Power Plan. Source: EEI 2015: 5 major utility CEOs on the transformation of the energy system | Utility Dive

100% renewables by 2045 is now the law in Hawaii | Utility Dive

June 11, 2015 // 0 Comments

Hawaii became the first state to commit to obtaining 100% of its electricity from renewables when Governor David Ige signed HB 623, mandating the state’s utilities reach that resource mix by 2045. The law, effective July 1, sets 30% by 2020, 40% by 2030, and 70% by 2040 interim targets. Source: 100% renewables by 2045 is now the law in Hawaii | Utility Dive

EEI 2015: Why Elon Musk thinks the future is bright for utilities | Utility Dive

June 10, 2015 // 0 Comments

Interview with Elon Musk and SoCal CEO Ted Craver on Utility Dive, excellent read The key, Musk said, is the shift toward an electricity-based economy. As consumers transition from petroleum-fueled vehicles to electric ones, Musk predicted that electricity demand would double or more, creating a huge new market for utility services. In the long run, distributed generation will likely account for about a third of electricity generation, Musk said, so there will still be plenty of need for central station power and the grid. Source: EEI 2015: Why Elon Musk thinks the future is bright for utilities | Utility Dive

The Transactive Energy Business Model is more fair.

June 10, 2015 // 0 Comments

The transactive business model explained by Baker Street Publishing: The TE business model provides a level playing field for all technologies. All ways to make or save energy can compete fairly regardless of their type, technology, size, location, and ownership. This possibility has been the dream of rate-makers and stakeholders. Source: The Transactive Energy Business Model is more fair.

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