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
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Via Utility Dive: " NV Energy seeks new tariff to supply Google with 24/7 power from Fervo geothermal plant: The “Clean Transition Tariff” is intended to spur the deployment of more dispatchable clean energy resources, Google leaders say. " #Energy #Utility #Utilities
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Sustainability lead at Google | Ex Director/Head of Sustainability at Amazon, M&S (Plan A) and Klockner Pentaplast | Passionate about driving positive transformational change
We urgently need to decarbonise our energy grids... and advanced clean electricity technologies are going to be key.... as are corporate buyers ! ✳ Google has released a new paper that highlights the importance of quickly commercializing advanced clean electricity technologies to complement the rapid growth of solar and wind power around the world. ✳ Leading academic research finds that “firm” carbon-free electricity technologies and advanced energy storage systems are particularly important to cost-effective grid decarbonization, due to their ability to meet electricity demand during gaps in wind and solar energy production. ✳ These technologies include next-generation geothermal, advanced nuclear, power generation with carbon capture and storage, clean hydrogen, long-duration energy storage (LDES) and others. You can read more in this blog from my colleague Devon Swezey
How we can accelerate advanced clean energy technologies
blog.google
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Sales and Leadership Professional with experience in the Power Generation, Chemical and Refining, and Industrial markets. Purpose focused on a collaborative, reliable, and effective energy transition.
🔌💡 Did you know that ensuring sufficient electricity capacity is crucial for the United States' sustainable growth and development? Let's dive into the importance of baseload power, reliable resource mixes, and grid inertia in supporting various sectors and stabilizing the grid during high renewable output! 🌐🚀 Manufacturing, EV charging, and data centers are essential pillars of our modern economy. They rely heavily on a stable and uninterrupted power supply. Baseload power, typically provided by coal, natural gas, or nuclear plants, plays a vital role in meeting these industries' energy demands. It provides a steady and consistent flow of electricity, ensuring smooth operations and preventing disruptions in manufacturing processes and data center operations. ⚙️🔋🖥️ However, as we transition towards a cleaner and more sustainable energy future, incorporating renewable energy sources such as wind and solar is crucial. A reliable resource mix that combines renewables with baseload power is necessary to meet the growing electricity needs while reducing carbon emissions. This combination allows us to harness the benefits of renewable energy while maintaining the stability and consistency provided by baseload power. 🌞⚡️🌬️ To ensure grid stability during times of high renewable output, grid inertia plays a crucial role. Grid inertia refers to the ability of the power system to maintain a stable frequency during sudden changes in supply or demand. While renewable energy sources do not provide the same level of inertia as traditional sources, innovative solutions are being developed to address this challenge. Energy storage systems, such as batteries, can help provide grid inertia and stabilize the grid, ensuring a reliable and resilient energy infrastructure. ⚡️🔋🔄 As we move forward, it is important to prioritize investments in both: clean and sustainable energy technologies, while also considering the importance of baseload power and grid stability. By striking a balance between renewable energy and reliable resource mixes, we can meet the electricity capacity needs of the United States while minimizing our environmental impact. Let's work together to build a resilient and sustainable energy future! 🌍💪🔌 #ElectricityCapacity #BaseloadPower #RenewableEnergy #GridInertia #SustainableFuture #CleanEnergy #EnergyTransition #UnitedStates #TeamPurple #SiemensEnergy #WeEnergizeSociety
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In 2024, the U.S. can be leaders in the transition to clean energy. According to the 2024 U.S. Clean Electricity Outlook from the @National Public Utilities Council, there is a surge in battery storage and solar power capacity, which signifies a significant stride towards a cleaner energy landscape. While wind power growth remains steady, challenges such as costs and permitting complexities highlight the importance of continued innovation and policy support. These insights reflect a bigger shift in the U.S. energy portfolio, with an emphasis in diversification of renewable energy sources. This trajectory fosters economic growth and job creation as well as a more reliable and affordable energy for all Americans. Read the full article here: https://shorturl.at/irTY3 #CleanEnergy #EnergyTransition #CleanIsRight #Solar #BatteryStorage
2024 U.S. Clean Electricity Outlook | NPUC | Motive Power
https://www.motive-power.com
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#ENERGYCOFFER.COM Get #Ready for #Energycoffer.com: #Available #June #16th, 2024 on #Sedo.com! Are you looking to make a powerful impact in the energy sector? Do you want to be associated with the future of #sustainable #energy #storage? Look no further! On June 16th, 2024, the premium domain Energycoffer.com will be available for purchase on Sedo.com. Why Energycoffer.com? 1. Powerful #Branding: The name "EnergyCoffer" combines the concepts of energy and secure storage, making it the perfect fit for businesses involved in energy storage, renewable energy solutions, and green technologies. 2. Industry Relevance: As the world transitions to more sustainable energy sources, having a domain that reflects this change is crucial. Energycoffer.com positions you at the forefront of this exciting and rapidly growing industry. 3. Credibility and Trust: A professional and memorable domain name like Energycoffer.com builds instant credibility and trust with your audience, whether you're a startup, an established company, or an industry thought leader. 4. Easy to Remember: Short, catchy, and easy to remember, Energycoffer.com ensures that your clients and partners will never forget your online presence. Don't Miss Out! Mark your calendars for June 16th, 2024, and get ready to secure #Energycoffer.com on #Sedo.com. This is a unique opportunity to own a domain that perfectly encapsulates the essence of energy storage and sustainability. Be the first to grab this premium domain and set your brand apart from the competition. Visit Sedo.com on #June #16th, 2024, to make Energycoffer.com yours! For more information and to stay updated on the availability of Energycoffer.com, keep an eye on Sedo.com and ensure you don't miss this incredible opportunity to elevate your brand in the energy industry. #Energy #Storage Energy Jobline TC Energía Siemens Energy Energy Storage Energy-Storage.news Office of Nuclear Energy, U.S. Department of Energy ENERGY STAR DNV - Energy Systems Energy Forum Gestión energética Energy at KTH C4 Energy, BALLARD FUEL CELL SYSTEMS INC., BALLARD FUEL CELL SYSTEMS INC.
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Every week on LinkedIn, we share our views on recent market trends and current happenings. This week we uncovered insights from the article "The exponential growth of solar power will change the world: An energy-rich future is within reach". The article highlights: - The installed capacity of solar energy is growing rapidly, indicating a shift in the global energy mix. This term refers to the total energy output that all installed solar systems can generate under ideal conditions. - The prediction that solar cells will become the world’s largest source of electricity by the mid-2030s. - Affordable solar energy has a positive impact on the global economy as it reduces energy costs and promotes economic development in various regions. At The Bakery, we often work with heavy industry companies providing advice on their energy transition and decarbonisation strategy. Our insights show that - - The growing energy demand driven by artificial intelligence (AI) is accelerating the search for new renewable and efficient energy sources. - Transitioning from polluting energy sources to cleaner and more sustainable solutions will present challenges in energy supply. - Despite advances in solar energy generation in Europe, storage remains limited as high scale storage solutions are still under development, presenting a challenge for widespread adoption. - While hydroelectric power remains dominant, Europe is showing a growing interest in investing in nuclear energy to complement renewable sources. - Although Europe has already made strides towards greener mobility, the transition to the sole use of electric vehicles will face challenges particularly in terms of range capacity and charging infrastructure. Due to the complexity of the energy transition, we are faced with the question of whether humanity will shift directly from solar to nuclear energy. What are your thoughts? Share your thoughts in the comments below! #TheBakery #Energy #Sustainability
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In 2024, wind and solar are continuing to grow in national production with roughly 23% of the market. To put into perspective, coal is only about 16% whereas natural gas is still leading the way at roughly 43%. Nothing happens overnight but we are continuing as a country to lead the way for future generations with renewable energy.
The monthly energy infrastructure update from the Federal Energy Regulatory Commission (FERC) shows solar accounted for nearly 80% of capacity additions in May, continuing its dominance of new-build generation. #Installations #UtilityScalePV #energymix
Solar nears 9% of U.S. total electric generation capacity
https://pv-magazine-usa.com
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Solar nears 9% of US total electric generation capacity: A monthly energy infrastructure update from the US Federal Energy Regulatory Commission (FERC) shows that solar accounted for nearly 80% of new capacity additions in… https://lnkd.in/dmyB2zaD #Energy #Technology
Solar nears 9% of US total electric generation capacity
https://www.pv-magazine.com
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According to the Electricity System Operator (ESO), the National Grid has revealed that April was the greenest energy generation month in UK history. With the 15th April being powered by 92% zero carbon generation energy sources! As for energy storage, as per prior studies by OFGEM and National Grid have shown, if 5% of passenger cars on UK roads are V2G EVs we could have a massive distributed storage network able to deal with the variability of renewable. Meantime the cost of fixed/site energy storage keeps falling with new material chemistries and work in the field of heat batteries. Now for more renewables, more zero carbon energy security and more new jobs in the future of energy generation. https://lnkd.in/e4YPTDj5 #stopburningstuff #netzero2030 #V2GEVs
ESO says April 2024 was the ‘greenest month in history’
current-news.co.uk
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I’m excited to share a new paper by my colleagues at the Google energy and climate team on the importance of advanced clean electricity technologies to grid decarbonization, and how corporate clean energy buyers can support them. Wind, solar, and batteries will be core drivers of decarbonization, but we need a broader toolkit to fully decarbonize grids across the globe. We look at five promising clean “firm” generation technologies and advanced energy storage systems, including next-generation geothermal, advanced nuclear, power generation with carbon capture and storage, clean hydrogen, and long-duration energy storage (LDES). Just as clean energy buyers have played a pivotal role over the past decade in accelerating the cost declines of wind and solar technologies, they should do the same today for a broad suite of advanced clean energy technologies that the world needs to build resilient, secure, cost-effective, and fully decarbonized electricity grids.
How we can accelerate advanced clean energy technologies
blog.google
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You can read the partnership announcement here: https://blog.google/outreach-initiatives/sustainability/google-clean-energy-partnership/