With a $30M Fund, Crescendo Power Offers Insight into the State of Play for Microgrid Financing

microgrid project finance

As the microgrid market evolves, so does microgrid project finance. That's leading some finance providers to be more proactive in identifying promising deals and striking up working partnerships. Developers will gain an advantage if from the earliest stages they work closely with financiers that have the expertise and capital to execute deals … [Read more...]

CHP Tax Credit Likely to Boost Microgrid Market

microgrid market

The microgrid market stands to get a boost from the recent extension of a federal tax credit for combined heat and power (CHP), often a key element of microgrids. The Bipartisan Budget Act of 2018, signed into law February 9, reinstated the 10 percent tax credit (ITC) for CHP technologies. Project developers can use the credit for projects that … [Read more...]

Resilient Energy: Hidden in Plain Sight and Waiting to be Unlocked

resilient energy

Resilient energy – technologies like microgrids that allow us to rebound quickly from a power outage – is evolving from a mere buzzword into a valuable product, sometimes even bumping green energy into second place. The US Army offers a good example of this change, as explained recently by Michael McGee, executive director of the Army’s Office … [Read more...]

Hawaii Campus Can Go 100% Renewable Thanks to Solar Microgrid

solar microgrid

University of Hawaii Maui College plans to go 100 percent green--likely a first-of-its-kind on a college campus--thanks to a solar microgrid equipped with 42 MWh of energy storage that serves five campuses. Johnson Controls is providing the battery storage and controls and Pacific Current -- a subsidiary of Hawaiian Electric Industries -- … [Read more...]

Welcome to the Evolution. Utilities Prepare for the Age of the Microgrid

utility microgrids

When John Caldwell of the Edison Electric Institute began a microgrid task force a few years ago, the utilities that joined saw no need to meet more than annually. Now they want to meet  monthly, reflecting what Caldwell sees as exponential growth in utility microgrids. “Active utility involvement in terms of partnering was probably less than 10 … [Read more...]

Nor’easter Arrives on Cue for Schneider’s Microgrid Announcement

industrial microgrid

Reeling from the third nor’easter in two weeks, New England offered up the perfect backdrop for Schneider Electric to unveil a new industrial microgrid project in Massachusetts this week. The energy management and automation company plans to install the microgrid at its Foxboro manufacturing facility, located in a region where the latest storm … [Read more...]

Illinois’ Chief Energy Regulator Brien Sheahan to Deliver Microgrid 2018 Keynote

microgrid 2018 keynote speaker

Brien Sheahan, chairman and CEO of the Illinois Commerce Commission (ICC), will deliver the Microgrid 2018 keynote address, Tuesday, May 8 in Chicago. Sheahan is known for the promotion of innovation and forward-looking regulatory policy in a variety of different industries in Illinois and nationally. In addition to leading the Illinois … [Read more...]

Power-to-Gas in Microgrids: Competitive with Batteries?

power-to-gas

Power-to-gas, a technology that converts excess renewable energy to gases that can be stored, is cost-competitive with lithium-ion batteries in microgrids, according to Matt Gregori, technology development manager, Southern California Gas. Gregori spoke at a solar conference last week at the University of California, Riverside. Southern … [Read more...]

Special Alert: ComEd Wins Approval for Innovative Microgrid Cluster in Chicago

microgrid cluster

In a move with far-reaching implications for grid decentralization, Illinois regulators yesterday approved Commonwealth Edison’s cutting-edge microgrid cluster in Chicago. The first utility-scale microgrid cluster in the nation, the $25 million project is expected to demonstrate what some see as an eventual retooling of today’s centralized … [Read more...]

Energy Storage Gets Biggest Boost in Years. Thank you FERC

energy storage

A recent federal ruling is likely to give energy storage its biggest boost in years, and buoy microgrids along the way, by granting storage more access to revenue from competitive wholesale electricity markets. Issued February 15 by the Federal Energy Regulatory Commission, the rule aims to eliminate barriers that prevent energy storage from … [Read more...]