Connecticut utilities are seeking low and zero emissions renewable credits (LREC/ZREC) through a program that makes money available for microgrids, renewables and other clean energy. Now in its sixth year, the $1 billion program is meant to reward various kinds of behind-the-meter projects for their ability to reduce emissions. In doing so … [Read more...]
Energy storage companies, as well as other stakeholders, in New York have a new opportunity as of this week. The New York State Energy Research and Development Authority (NYSERDA) announced that it has made $15.5 million available to fund energy storage projects to support the electric grid. The funding will go toward energy storage that can … [Read more...]
Businesses and institutions install fuel cell microgrids for many reasons. Driving down energy costs is a big one. Here we look at three ways fuel cell microgrids create financial advantage: By competing with utility pricing Through favorable financing models that reduce customer risk In achieving efficiencies through use of … [Read more...]
There is nothing small about Rhode Island’s microgrid ambitions. The state has hired a consultant to develop a statewide microgrid project. The project wrapped up at year end 2016, and the report on that effort is being compiled and is expected by the end of April. But even before the state began looking at microgrids, the city of Newport … [Read more...]
Demand Energy is set to begin operating a pioneering solar plus storage microgrid that achieves several firsts for the New York City power grid. News of the project milestone comes just three months after Italian utility giant Enel acquired Demand Energy, a move that made a splash in the microgrid industry and significantly changed the fortunes … [Read more...]
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...]
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...]
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...]
The idea of microgrids looked pretty good on the East Coast this week Microgrids were probably on the minds of more than a few people this week when a blizzardy storm named Stella knocked out power to more than 440,000 electric customers in the Northeast and Mid-Atlantic. Outages occurred March 13-15 from Virginia to Nova Scotia. Dominion … [Read more...]
The city council for Atlantic City, N.J, voted unanimously Wednesday to take the initial steps toward developing a town center microgrid to provide a safe haven for the community during disasters. In a 9-0 vote, the council approved a resolution to seek funding through the New Jersey Board of Public Utilities for a feasibility study. The BPU is … [Read more...]
S&C Electric’s US President Michael Edmonds talks about a problem not caught by old-school reliability measures — momentary power outages that disrupt sensitive equipment. The problem is growing, he says. The cause may surprise you.
State regulatory bodies are realizing that out-of-date regulatory rules are limiting Microgrid adoption and are working to change regulation. States such as New York, Connecticut, and Minnesota have allocated funding and started conversations on how best to change the state regulation to allow for Microgrids to be adopted.
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