Energy Impact Partners Latest Bet on the Grid of the Future: EV Charging

Energy Impact Partners

Energy Impact Partners, a coalition of utility investors, is continuing its bet on the grid of the future, this time backing an electric vehicle (EV) charging company, Greenlots. The strategic investment group, whose partners include Southern Company, National Grid, Xcel Energy and other utilities, announced today that it has made a “significant … [Read more...]

Lucky Nine for Public Purpose Microgrid in Montclair, New Jersey

public purpose microgrid

With microgrid technology becoming more robust, and component prices dropping, it's not surprising to see a public purpose microgrid hit the ‘lucky nine.’ Nine-year payback, that is. The Montclair Township microgrid project is the case in point. With microgrid energy savings projected at about $1.2 million annually, the project's payback … [Read more...]

Big Players Spin the Wheel for the $45B Energy Storage Jackpot

energy storage market

Players in the booming energy storage market are like contestants running the board on "Jeopardy” before solving the puzzle on "Wheel of Fortune.” Investors are taking risks and companies are striking deals in rapid rounds, chasing a big jackpot that is expected to reach $20.5 billion (Navigant Research) to $45 billion (AES) globally by … [Read more...]

NY Green Bank Exceeds Financial Goals, Readies for Significant Microgrid Investment

NY Green Bank

The NY Green Bank, which is financing microgrids, solar, wind and a range of other green energy projects, has beat its financial goals for the year, according to a report issued late last week. The public/private fund generated $2.7 million in net positive income for 2016/17, with revenue exceeding costs one year ahead of expectations. In … [Read more...]

Microgrid investment Fund, Backed by Facebook and Microsoft, Issues RFQ

microgrid investment fund

A new California-based microgrid investment fund is seeking projects to finance in India, Indonesia or Tanzania. The Microgrid Investment Accelerator (MIA) issued a request for qualifications (RFQ) this week seeking qualified and experienced renewable energy service companies (RESCOs). MIA hopes to finance microgrid projects that: Are … [Read more...]

Pennsylvania Tackles a Big One: Who Pays for Utility Microgrids?

utility microgrids

Pennsylvania is the now the center of a pivotal, national industry debate over who pays for utility microgrids, with the introduction of legislation into the General Assembly that gives utilities a path to recover costs. HB 1412 allows utilities to recover costs within customer rates for microgrids and energy storage projects. Rep. Stephen … [Read more...]

Money Available for Microgrids through Connecticut’s New LREC/ZREC Solicitation

money available for microgrids

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...]

New York Allots $15.5M to Fund Energy Storage Projects

NYSERDA

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...]

Three Ways Fuel Cell Microgrids Lower Energy Cost

fuel cell microgrids

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...]

Newport, Rhode Island’s Microgrid Ambitions: Small City, Small State, Big Plans

Rhode Island's microgrid

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...]