RPS have initially increased GHG emissions, then reduced emissions over time.
CO proposes 50% energy from renewables by 2026. CA 100% by 2045.
$1.8 BN geothermal power project allows for recovery of 91% L-Ion from brine. 76,000 TPY L-Ion.
C&I attempting to physically rather than financially meet 100% RE goals.
Guaranteed but not shared savings on energy efficiency. Saves building owners $0.40-$0.60/SF, boosts net profit $5-10/SF.
Thermal power once installed will need carbon capture to reduce carbon emissions.
Oil and Gas
Top 15 oil and gas companies account for 58% of remaining oil and gasreserves. Own just 30% of developed renewable energy assets.
Proposed changes that might lead to lower CO2 emissions with storage. Presently,adding storage increases CO2 emissions. New GHG rules expected 2019.
MA has a goal of 1 GW energy storage by 2025. There are 19 MWs of energy storage facilities participating in the New England markets and 800 MW proposed.
No "hard-and-fast models yet" for storage finance.
Market expects Fed to further increase rates regardless of market activity. Sensor as a Service. Microgrid as a Service. Energy as a Service offered in partnership with the incumbent utility. PE middle market funding through 3Q 2018 of $311.7 BN total deal value across 2,171 deals. $88.1 BN total capital raised (19.5% YTD increase) across 99 funds. Sound sustainability standards lower the cost of capital. Leading project finance lenders MUFG, SMBC, ING, SocGen, BNP and CA. Tax credits disallowed for (i) mobile solar PV platforms where seller and buyer were closely relatedand (ii) pass-through entities where costs were inflated. 8,700 Opportunity Zones created a $6 TN opportunity. Electrolysis of water to create hydrogen and oxygen. Volume Firming Agreements in lieu of PPA. Corporate agreements + insurance. Corporate PPA 3.5 GW YTD 2018.