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Large companies with growing electricity needs are increasingly seeking partners to provide a reliable source of #cleanenergy so they can power their business and meet #decarbonization targets. This provides an opportunity for utilities, consumers, and power producers to forge relationships that help: 🌿 Reliably transition the grid 📈 Guarantee revenue ⚒ Offset upfront development costs We saw a great example of this with the announcements from Google earlier this month, featuring their Clean Transition Tariff (CTT). As an initial project under the proposed CTT, Google is partnering with NV Energy and Fervo Energy: - Developer (Fervo) enters into a long term PPA with the utility (NV Energy) - Consumer (Google) purchases energy from the utility (NV Energy) at a defined rate - Utility ratepayers have no adverse impacts by the CTT One of the central goals of the CTT is to provide utilities with flexibility to pursue dispatchable, carbon free energy (e.g. geothermal, nuclear, multi-hybrid projects with LDES) that may not currently be cost competitive with other resource options and avoid burdening ratepayers. Developers looking to maximize revenue & clean energy contributed to the grid when engaging in next generation structures like the CTT will need to model advanced project designs that account for offtaker demand and broader and wholesale market opportunities. Operators will also want to ensure they have an optimizer able to deliver on obligations, and deliver excess energy to the grid during peak hours.  ⬆ Incremental revenue for energy suppliers 🔆 Additional renewable energy contributed to the grid

  • High capacity factor design, modeling energy dispatch for co-located, 100MW facility. CTT example.

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