Facebook and Microsoft Seed $50M Fund for Energy Access Microgrids

energy access microgrids

Facebook and Microsoft are seeding a new $50 million investment fund to create profitable business models for energy access microgrids in areas of the world that lack electricity. Launched April 3, the Microgrid Investment Accelerator (MIA) will initially focus on projects over 5 kW in India, Indonesia and East Africa. Alexia Kelly, CEO of … [Read more...]

Why Energy Blockchain Intrigues Big Players Like Siemens

energy blockchain

Not so long ago energy blockchain technology had the futuristic feel of flying cars or colonies on Mars. But that has changed in recent months as credible players step in to test the transaction platform. Among them is energy giant Siemens, which formed a partnership in November with a startup, LO3 Energy, to figure out how to make energy … [Read more...]

New Investment Firm to Finance Microgrids with an Initial $30M

finance microgrids

First comes government support for new energy technologies. Then, if the technology proves out, come private investors. So it's significant to note the launch this week of a new private firm to finance microgrids. Crescendo Power has formed to offer an initial $30 million in equity financing for commercial and industrial microgrids and … [Read more...]

Behind the Rise of Microgrids: News from PJM, Navigant & Macquarie Capital

rise of microgrids

The impetus behind the rise of microgrids Many trace today’s rise of microgrids, energy storage, and distributed energy to the opening of competitive electricity markets. So, it’s worth noting that PJM, the nation’s largest grid operator, is celebrating its 20-year anniversary of operating competitive wholesale power markets. Known in … [Read more...]

Horizon Power’s Plan to Become the Leading Company for Microgrids in the World

leading company for microgrids

RenewEconomy’s Giles Parkinson describes an effort by Australia's Horizon Power to reduce fossil fuel subsidies and become the leading company for microgrids in the world. The Australian government’s official position on fossil fuel subsidies is that it doesn’t pay any. Leaving aside the unmet environmental and climate costs of burning fossil … [Read more...]

The Growing Revenue Opportunity Attached to Microgrid O&M

microgrid O&M

With more microgrids comes the need for more microgrid O&M (operations and maintenance) services. Navigant Research's Peter Asmus describes the growing market opportunity for these services. Navigant Research’s past market forecasts have focused on investments into the microgrid development value chain. This spending on the actual … [Read more...]

Meet the Microgrid Project Winners Selected in Stage 2 of the NY Prize

microgrid project

Here's a look inside the 11 microgrid project winners selected March 23 by the New York Energy and Research Development Authority (NYSERDA) in Stage 2 of the NY Prize. (Also see our related story about the NY Prize Microgrid Winners.) Siemens, which is working on several of the winners, said that the model projects will pave the way for … [Read more...]

NY Prize Announces Stage 2 Microgrid Winners; Sweetens the Pot by $50M Per Finalist

microgrid winners

In a much anticipated move, Gov. Andrew Cuomo today announced the microgrid winners for Stage 2 of the NY Prize, as well as significant new financial support for those who go on to win in the third and final stage. Each of the 11 microgrid projects that won Stage 2 will receive $1 million, for $11 million in total, allotted as part of a $40 … [Read more...]

Tweets, Bets, Billionaires…Tesla Says Rule Changes Would Boost Energy Storage in Australia

boost energy storage

RenewEconomy's Giles Parkinson describes a push by Tesla to boost energy storage in Australia by removing regulatory barriers. Tesla has joined the growing chorus calling for a complete rethink of Australia’s energy market rules, saying they have been designed for old-fashioned centralized fossil fuel technologies, and do not encourage all the … [Read more...]

Massachusetts Seeks Clean Energy Ideas for Gas Station Resiliency During Power Outages

gas station resiliency

Massachusetts is looking for innovative ideas to shore up gas station resiliency as part of its wider effort to boost clean energy. The Massachusetts Clean Energy Center (MassCEC) is seeking expressions of interest -- a precursor to a funding offer -- for demonstration projects that can help keep the lights on at gas stations during power … [Read more...]