Tag: Reforming the Energy Vision

Long Island Solar Market Grows 320% – Eliminates Need for Incentives

Significant growth in the Long Island residential solar market achieves NY-Sun target to create self-sustaining solar industry, eliminate the need for public incentives
Support for solar continues through tax credits, net metering, and affordable financing for underserved communities
April 19, 2016

The New York State Energy Research and Development Authority (NYSERDA) today announced 320 percent growth in the residential solar market on Long Island since 2012. Due to this significant growth, the region’s residential market is now self-sufficient and able to function without public subsidies available through NY-Sun. Long Island is the first region in the state to meet its residential solar target, and will continue to receive assistance through tax credits, affordable financing for underserved communities, and other supporting regulations.

NY-Sun was designed to stimulate solar growth and build a self-sustaining solar industry across the state. NY-Sun’s MW Block Program divided the State into three geographic regions, each with incentives allocated based on the maturity of the market, and with the level of incentives declining over time as pre-set targets were met.

John B. Rhodes, President and CEO of NYSERDA, said, “The tremendous growth of solar on Long Island under Governor Cuomo’s NY-Sun initiative has greatly expanded the use of clean, sustainable energy in the region. Long Island’s solar industry is strong and actively serving the growing clean energy market, and we know this momentum will continue.”

The NY-Sun MW Block program is intended to respond to changing market conditions in a predictable and transparent manner, and to allow the solar market in each region to grow at its own pace. The strategy to decrease incentives over time as targets are met, with an understanding these incentives will eventually be eliminated, is based on the strength of the market’s ability to be self-sustaining.

Long Island’s NY-Sun Residential MW Block capacity was 139 MW over four residential blocks. The level of incentive in the region decreased from $0.50 per watt in block one, which opened Jan. 1, 2014, to $0.20 per watt in block four, which began April 24, 2015, with two intermediate steps in between.

Other financial incentives and programs supporting residential solar installations are still available to Long Island residents, including state and federal tax credits, Affordable Solar for low- to moderate-income households, and the Solarize North Hempstead and Solarize Southampton campaigns. Through net metering, solar customers may also reduce costs if a solar energy system produces more electricity than their home requires.

In addition, the Long Island Power Authority (LIPA) Board recently approved community net metering, which will offer opportunities for solar developers to build large off-site projects that residents can buy into or lease portions of to reduce their energy bills, and on-bill financing is expected to be available to Long Island customers through PSEG Long Island this summer.

NY-Sun has accelerated the growth of solar across the State, with the amount of solar power installed and in development under the Governor’s NY-Sun initiative increasing 575 percent from 2012 through 2015. New York’s solar industry is the fourth largest in the nation and employs more than 8,250 workers, an increase of more than 3,000 jobs since 2013. In 2016, double-digit job growth is expected to continue with another 1,000 additional jobs created as a result of the state’s robust solar project pipeline.

About Reforming the Energy Vision

Reforming the Energy Vision (REV) is Governor Andrew M. Cuomo’s strategy to lead on climate change and grow New York’s economy. REV is building a cleaner, more resilient and affordable energy system for all New Yorkers by stimulating investment in clean technologies like solar, wind, and energy efficiency and generating 50% of the state’s electricity needs from renewable energy by 2030. Already, REV has driven 600% growth in the statewide solar market, enabled over 105,000 low-income households to permanently cut their energy bills with energy efficiency, and created thousands of jobs in manufacturing, engineering, and other clean tech sectors. REV is ensuring New York State reduces statewide greenhouse gas emissions 40% by 2030 and achieves the internationally-recognized target of reducing emissions 80% by 2050. To learn more about REV, including the Governor’s $5 billion investment in clean energy technology and innovation, please visit www.ny.gov/REV4NY and follow us at @Rev4NY.

Contact(s)

Peter Constantakes,
Phone : 518-862-1090, Ext. 3109
Email : peter.constantakes@nyserda.ny.gov

NY Launches $5 Billion Clean Energy Fund to Grow Clean Energy Economy

Clean Energy Fund will advance solar, wind, energy efficiency and other clean tech industries to spur economic development and reduce harmful emissions

Today’s unprecedented action will result in lower energy costs for consumers and business beginning this year

Work also begins to establish the Clean Energy Standard to meet the Governor’s aggressive 50 percent renewables by 2030 mandate

Governor Andrew M. Cuomo today announced the New York State Public Service Commission’s approval of a 10-year, $5 billion Clean Energy Fund to accelerate the growth of New York’s clean energy economy, address climate change, strengthen resiliency in the face of extreme weather and lower energy bills for New Yorkers starting this year. Additionally, the fund will attract and leverage third-party capital to support the Governor’s aggressive Clean Energy Standard, one of the nation’s most ambitious goals to meet 50 percent of our electricity needs with renewable resources by 2030.

“New York is a national leader in combating climate change and growing the clean energy economy – and today we are taking the next big step forward,” Governor Cuomo said.“This unparalleled $5 billion investment will leverage more than $29 billion in private sector funding and open the door to new clean energy opportunities for years to come. We are raising the bar when it comes to increasing the use of renewable energy and reducing harmful carbon emissions, and I am proud that the Empire State is continuing to set the example for the future.”

The $5 billion Clean Energy Fund, to be administered by the New York State Energy Research and Development Authority, builds on the progress the state is already making in developing a robust clean tech sector. The fund is projected to result in more than $39 billion in customer bill savings over the next 10 years through innovative projects and private-public partnerships focused on reducing greenhouse gas emissions, making energy more affordable through energy efficiency and renewable energy, and mobilizing private-sector capital. In addition to the $39 billion in overall customer savings, as a result of this Public Service Commission action, consumers and businesses are expected to see lower costs of $1.5 billion over the next 10 years, including an immediate reduction of $91 million from 2016 electric and gas costs compared to 2015.

Consumers and businesses can expect to see lower utility costs this year.

The fund will operate four major portfolios:

  • Market Development ($2.7 billion): NYSERDA will undertake a variety of activities to stimulate consumer demand for clean energy alternatives, energy efficiency while helping to build clean energy supply chains to meet that growing customer demand. At least $234.5 million must be invested in initiatives that benefit low-to-moderate income New Yorkers during the first three years of the fund;
  • NY-Sun ($961 million): The fund finalizes the funding and confirms the long-term commitment for NY-Sun and for the growing solar electric market and industry in New York State, by supporting rapid and continued cost reduction. This will continue to make solar energy more affordable and accessible for residential and commercial solar customers, and will drive the growth of the solar industry in New York, which currently employs more than 7,000 people across 538 solar companies in the state;
  • NY Green Bank ($782 million): To leverage private sector investment, expand the availability of capital and increase confidence in lending for clean energy projects, the fund will complete the capitalization of the innovative NY Green Bank. The fund will increase the NY Green Bank’s total investment to $1 billion and will leverage an estimated $8 billion in private investment;
  • Innovation and Research ($717 million): As New York State moves to a cleaner, more efficient, and more widely distributed energy system, the Clean Energy Fund will help spur innovations through research and technology development that will drive clean-tech business growth and job creation while providing more energy choices to residential and business customers.

New York State Chairman of Energy and Finance Richard Kauffman said, “The Clean Energy Fund will achieve greater customer savings and stimulate more demand for — and private investment in — renewable energy and energy efficiency projects, furthering the Governor’s Reforming the Energy Vision strategy. By acting today and not tomorrow, we ensure our grid will be modernized and strengthened as we also lower New Yorker’s electricity rates by implementing the most cost-effective solutions to meet our challenges.”

At last week’s State of the State address, Governor Cuomo officially proposed the creation of a Clean Energy Standard and directed the Public Service Commission to establish enforceable mandates for renewable power by June. The Commission today approved a public process to adopt a Clean Energy Standard that will also include a separate support mechanism for upstate nuclear power plants. Since nuclear facilities do not produce greenhouse gas emissions, they will help the State transition to a future under the Clean Energy Standard without losing ground on emission reductions statewide.

The Commission also took other groundbreaking steps today to advance Governor Cuomo’s Reforming the Energy Vision Strategy, or REV, by directing major electric and gas utilities to develop new, cutting-edge energy efficiency programs, on both a regional and statewide basis. It also established a benefit-cost analysis framework for evaluating new energy proposals, such as smaller, cleaner power plants, to determine whether they meet the energy- and cost-saving goals of REV.

The Clean Energy Fund supports the environmental goals of both REV and the Clean Energy Standard by reducing an estimated 133 million tons of carbon emissions (the equivalent of removing 1.8 million cars from the road). Energy efficiency and other priority initiatives of the fund are also expected to save 10.6 million MWh of electricity and 13.4 million MMBtu of fuel consumption overall.

New York State Public Service Commission Chair Audrey Zibelman said, “Under the Clean Energy Fund, every dollar of clean energy spending will achieve greater savings and enhance private investment, spurring innovation and new technologies that will bring more choices and value to New York consumers. We will build on the success of previous energy-development programs in a way that meets evolving customer and market needs and transition away from approaches that rely almost exclusively on ratepayer subsidies, which is unsustainable if we are to meet our ambitious goals in the long-run.”

NYSERDA President and CEO John B. Rhodes said, “The Clean Energy Fund allows the State to make faster and greater progress towards Governor Cuomo’s State Energy Plan and Clean Energy Standard goals, while reducing ratepayer collections. It also creates the demand for clean energy and the certainty we need to accelerate the growth of a dynamic clean tech economy that stimulates private investment and job creation.”

New York State Department of Environmental Conservation Acting Commissioner Basil Seggos said, “Through Governor Cuomo’s leadership, New York State is a national model in investing in renewable energy and addressing climate change. The Clean Energy Fund will allow New York to build a clean tech industry while furthering its efforts to reduce greenhouse gas emissions and provide utility savings for New Yorkers.”

In today’s Clean Energy Fund order, the Commission also allocated $150 million for the development of new Large Scale Renewables power projects in 2016. As the Commission develops a Clean Energy Standard, it will create new incentives for large scale renewables and a new mechanism to prevent the premature retirement of safe, upstate nuclear power plants during this transition.

In addition, the Commission ruled that the Clean Energy Standard should include non-emitting generation resources, like the nuclear power facilities in upstate New York. Without these plants, the state would lose some of the emission reductions already achieved by the state and possibly lead to an increase of more than 12 million metric tons of carbon dioxide.

To complement further programs supported by the Clean Energy Fund, the Commission is directing that each investor-owned utility seek to improve their own energy-efficiency programs to better engage customers and meet the overall goals of the Clean Energy Standard and the State Energy Plan. Energy-efficiency programs offered by major utilities are poised to offer greater value and new, cost-saving services to consumers under streamlined rules approved today. Along with NYSERDA’s 10-year, $5 billion Clean Energy Fund, utilities will now develop energy-efficiency programs that will achieve greater market-wide efficiency savings, target specific needs in the state and depend less on direct ratepayer support.

NYSERDA will continue to offer energy-efficiency programs designed for low-income customers. However, the utilities and NYSERDA are directed to actively evaluate and develop innovative programs that reach deeper into low-income communities.

About Reforming the Energy Vision
Reforming the Energy Vision is New York Governor Andrew M. Cuomo’s strategy to build a cleaner, more resilient and affordable energy system for all New Yorkers. REV places clean, locally produced power at the core of New York’s energy system which protects the environment and supports the State’s goal to reduce greenhouse gas emissions by 40 percent while generating 50 percent of its electricity from renewable energy sources by 2030. Successful initiatives already launched as part of REV include NY-Sun, NY Green Bank, NY Prize, K-Solar, and includes a commitment to improve energy affordability for low-income communities. To learn more about REV, please visit www.ny.gov/REV4NY or follow us at @Rev4NY.

VIA: https://www.governor.ny.gov

Bronx School Gets First K-Solar Project

Governor Cuomo Announces First Solar Schools Project at the New York Institute for Special Education in the Bronx

JANUARY 19, 2016 | Albany, NY
Governor Cuomo’s K-Solar Program Increases Use of Renewable Energy in Schools

Governor Andrew M. Cuomo today announced the New York Institute for Special Education in the Bronx will be the site of the state’s first solar schools project and will have solar panel arrays installed thanks to a power purchase agreement with SolarCity. This public-private partnership is the first such agreement under the Governor’s K-Solar program, which is designed to increase the use of renewable energy at public school districts and nonprofit schools across the state. As part of the agreement, the project will receive free technical assistance from the New York Power Authority and is eligible for approximately $65,000 in incentives from the Governor’s $1 billion NY-Sun initiative.

“This project is demonstrating how our collaborative, innovative approach to modernizing New York’s energy infrastructure is making a difference for New Yorkers,” said Governor Cuomo. “Through the K-Solar program, the state is enabling schools to create greener communities and reduce energy bills by taking advantage of cost-effective solar power. As schools begin to realize the utility savings to be had through this program, they can begin to put those dollars back in the classroom where they belong.”

To view a short video about the project at the New York Institute for Special Education, click here.

K-Solar provides registered public and private schools with free ongoing advisory services, solar site assessments and energy analysis, technical and administrative support and an expedited permitting process. Since it launched last year, school districts in 59 of the State’s 62 counties have registered with K-Solar. The initiative is a public-private partnership between the New York Power Authority and the New York State Energy Research and Development Authority in collaboration with competitively-selected private sector solar developers.

Lieutenant Governor Kathleen C. Hochul said, “Under Governor Cuomo’s leadership, New York is showing the nation and the world what is possible by taking historic actions to reduce emissions. Providing cost-effective access to solar energy at hundreds of schools is a major step forward, not only for educators, students and their parents, but also for communities across our great state. This will propel New York State to the forefront of the new green economy and bring the potential for thousands of new jobs.”

K-Solar works in tandem with Community Solar NY, a program launched last year to encourage projects known as “Solarize” campaigns—community-organized efforts to gain a critical mass of area homes and businesses to install solar and share significant cost savings. Both programs are a part of Governor Cuomo’s $1 billion NY-Sun initiative to significantly expand the deployment of solar power statewide.

Schools interested in registering with K-Solar will pay no upfront costs for the installation of solar electric systems in return for signing an 18-year contract with a pre-qualified solar developer—either SunEdison or SolarCity, depending on the region–to buy the power that the solar panels generate. K-Solar guarantees that districts will pay below prevailing market rates over the term of the contract, providing greater certainty about their energy costs over an extended period. The program is expected to help schools save money, lower their carbon footprints, provide educational opportunities for their students and further the installation of solar energy in communities.

New York State Chairman of Energy and Finance Richard Kauffman said, “Scaling and building solar power in our schools creates a gateway for bringing solar into our communities more broadly. Once residents and business owners see the benefits of solar, they become much more likely to make the move themselves. The K-Solar program gives us an opportunity to start meeting Governor Cuomo’s ambitious clean energy targets right away while also accelerating the process through rapid adoption elsewhere.”

K-Solar is a core component of New York’s Reforming the Energy Vision strategy and supports the Governor’s requirement that New York State meet 50 percent of our electricity needs with renewable resources by 2030. The program also supports the goals of Governor Cuomo’s Science, Technology, Engineering and Math learning initiatives by enhancing student awareness of energy efficient and renewable technologies, promoting student engagement in clean technology and increasing interest in career opportunities in the energy field. Registered schools receive solar technology curricula, clean-energy training for teachers and other educational materials.

New York Power Authority President and CEO Gil C. Quiniones said, “In less than a year, hundreds of districts have enthusiastically embraced the prospect of solar power as a viable energy choice for their schools. By using K-Solar, schools have a unique opportunity to leverage resources from NYPA to demonstrate the benefits of solar to their communities without making a significant capital investment for solar generating equipment. The result will help transform how New Yorkers think about and use electric power.”

NYSERDA President and CEO John B. Rhodes said, “K-Solar offers a great lesson in how school districts can partner with the State to reduce reliance on the electric grid while teaching students about the benefits of renewable resources. The program directly supports the goals of REV by expanding electricity production at customer sites where it can take pressure off the grid and increase clean energy resources in the State.”

New York State Education Commissioner MaryEllen Elia said, “Having solar panels and other technologies associated with K-Solar in our schools provides an interactive learning experience with renewable energy. K-Solar helps to spark innovative problem-solving and provides teachers with the opportunity to teach concepts in science, technology, engineering, and mathematics (STEM) to pique student interest in these critical subjects.”

New York Institute for Special Education Executive Director Bernadette Kappen said, “K-Solar gives the Institute an opportunity to lower its carbon footprint and be a part of New York State’s plan to increase clean energy sources while saving on costs. The solar curriculum will promote STEM-based learning for students with visual impairments and students with emotional disabilities. We are celebrating 185 years of providing educational programs and being selected to participate in this project is a highlight of this important year.”

Assemblyman Mark Gjonaj said, “I am proud of The New York Institute of Education for taking advantage of Governor’s Cuomo’s solar panel program. This sets a positive example of the progressive initiatives we need to take to continue to preserve our environment and reduce our carbon footprint. I am excited that this will forever be a learning tool for our youth and generations to come.”

Bronx Borough President Ruben Diaz Jr. said, “I want to thank the New York Power Authority (NYPA), the New York State Research and Development Authority (NYSERDA), and especially New York Institute of Special Education, who are the first school to sign on Governor Cuomo’s K-Solar program. Not only is this program helping The Bronx and New York City become greener, but the education component of the K-Solar program also helps our future leaders and scientists jump to the forefront of this burgeoning technology.”

About Reforming the Energy Vision
Reforming the Energy Vision (REV) is New York Governor Andrew M. Cuomo’s strategy to build a cleaner, more resilient and affordable energy system for all New Yorkers. REV places clean, locally produced power at the core of New York’s energy system which protects the environment and supports the State’s goal to reduce greenhouse gas emissions by 40 percent while generating 50 percent of its electricity from renewable energy sources by 2030. Successful initiatives already launched as part of REV include NY Sun, NY Green Bank, NY Prize, K-Solar, and a includes a commitment to improve energy affordability for low-income communities. To learn more about REV, please visitwww.ny.gov/REV4NY or follow us at @Rev4NY.

Contact the Governor’s Press Office

Albany Press Office: 518.474.8418

Via:  New York State Governor’s Website

Bloom Energy to Install First Ever Highrise Fuel Cell at Morgan Stanley HQ

Morgan Stanley’s second project with Bloom Energy demonstrates how clean energy can be deployed in urban areas like Times Square

NEW YORK, Jan. 12, 2016 /PRNewswire/ — Morgan Stanley today announced that Bloom Energy will install a fuel cell system at the Firm’s global headquarters in New York City’s Times Square neighborhood.  The fuel cell project at 1585 Broadway is expected to be fully operational in late 2016 and will provide approximately 750 kW of 24×7 high quality power to the Morgan Stanley building, equal to approximately 6 million kWh of clean electricity each year.

Bloom Energy’s solid oxide fuel cell (SOFC) technology converts fuel into electricity through a high efficiency non-combustion process that generates clean and reliable on-site power, reducing emissions of greenhouse gasses compared to traditionally generated and transmitted electricity.

“Morgan Stanley is committed to investing in technologies that minimize our impact on the environment,” said Chief Operating OfficerJim Rosenthal.  “Following on the success of our fuel cell installation in Purchase, NY, this project further exemplifies how we can improve the sustainability and resiliency of our facilities, while controlling costs and being responsible to our business, our shareholders and our planet.”

“The recent Paris Climate Accord calls on government and business leaders to reimagine the way we power the world, and this project in the heart of Manhattan demonstrates how clean distributed energy can be deployed onsite, even in urban areas,” said KR Sridhar, principal co-founder and CEO of Bloom Energy.  “We applaud Morgan Stanley for their continued commitment to clean energy as well as Governor Cuomo’s administration and NYSERDA for their work to drive adoption of clean distributed generation.”

Support for this project was provided by the New York State Energy Research and Development Authority (NYSERDA) through a long-term renewable energy credit contract awarded under the Renewable Portfolio Standard (RPS) Main Tier Program to develop renewable energy projects.

“Partnerships between the State and private sector have made New York a global leader in reducing greenhouse gases and advancing clean energy solutions, and will continue to play a vital role in transforming our energy system,” said John B. Rhodes, President and CEO of NYSERDA said.  “This project is an example of how new and innovative technologies will help us achieve Governor Cuomo’s vision of an energy system that is cleaner, more resilient and more affordable for all New Yorkers.”

Bloom Energy currently has over 200 projects across the United States and in Japan, including ten operating projects in New York State.

About Bloom Energy
Bloom Energy is a provider of breakthrough solid oxide fuel cell technology generating clean, highly efficient onsite power from multiple fuel sources.  Founded in 2001 with a mission to make clean, reliable energy affordable for everyone in the world, Bloom Energy Servers are currently producing power for many Fortune 500 companies including Apple, Google, Wal-Mart, AT&T, eBay, Staples, The Coca-Cola Company, as well as notable non-profit organizations such as Caltech and Kaiser Permanente. Also, with its Mission Critical Systems practice, Bloom Energy provides grid-independent power for critical loads in data centers and manufacturing.  The company is headquartered in Sunnyvale, California.  For more information, visit www.bloomenergy.com.

About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services.  With offices in more than 43 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.  For further information about Morgan Stanley, please visitwww.morganstanley.com.

SOURCE Bloom Energy

 

Long Island to Build Seven Solar Power Plants Totaling 14 Megawatts

SunEdison Brings 14 MW of Solar Power to Long Island as Part of New York State Initiative

May 28 – PR Newswire

SunEdison, Inc. (NYSE: SUNE) the world’s largest renewable energy development company, today announced that it has signed agreements with five municipal entities on Long Island to build seven solar power plants totaling 14 megawatts (MW) DC.

The electricity from these power plants will be sold to the Long Island Power Authority (LIPA), an electricity service provider for 1.1 million customers in Long Island , New York , through separate 20 year power purchase agreements. The contracts with the Town of Southold , Town of Easthampton, Nassau County , Suffolk County and the Suffolk County Water Authority were awarded as part of the LIPA 100 MW Clean Solar Initiative Feed-in Tariff program.

“LIPA’s Clean Solar Initiative program allows communities to benefit from locally generated solar energy, enabling them to better control energy costs,” said Steve Raeder , managing director of Eastern USA distributed generation for SunEdison . “This program has been extremely successful and we look forward to developing more projects in Long Island .”

Raeder went on to say: “And with the new NYSERDA block incentive program and the governor’s Reforming the Energy Vision plan, we can replicate our success in Long Island and bring clean, affordable solar energy to customers across the entire state of New York .”

The solar power plants are expected to produce enough electricity to power more than 1,100 homes, and should eliminate the emission of more than 27 million pounds of carbon dioxide annually, the equivalent of taking more than 2,600 cars off the road. As an added benefit, the construction of these solar power plants will create an estimated 100 jobs in the Long Island area.

These solar power plants are on the Call Right Projects List for SunEdison’s Yieldco affiliate, TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants. Accordingly, TerraForm Power expects to purchase these projects upon completion. Operation and maintenance of the solar power plant will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.

About SunEdison

SunEdison is the world’s largest renewable energy development company and is transforming the way energy is generated, distributed and owned around the globe. The company manufactures solar technology and develops, finances, installs, owns and operates wind and solar power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world’s largest renewable energy asset managers and provides asset management, operations and maintenance, monitoring and reporting services for its renewable energy customers around the world. Corporate headquarters are in the United States , with additional offices around the world. SunEdison’s common stock is listed on the New York Stock Exchange under the symbol “SUNE.” To learn more visit www.sunedison.com .

Forward Looking Statements

Certain matters discussed in this press release are forward-looking statements, including: the solar power plants are expected to produce enough electricity to power more than 1,100 homes, and should eliminate the emission of more than 27 million pounds of carbon dioxide annually, the equivalent of taking more than 2,600 cars off the road; and the construction of these solar power plants will create an estimated 100 jobs in the Long Island area.  Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in SunEdison’s filings with the United States Securities and Exchange Commission . These forward-looking statements represent SunEdison’s judgment as of the date of this press release. SunEdison disclaims, however, any intent or obligation to update these forward-looking statements.

The New York Solar PV Guide

Solar power is on the rise across New York, where it has grown an average of 44.28% annually in the last three years. According to the latest solar jobs census from the Solar Foundation, the solar industry employed more than 5,000 people in New York in 2013. Significantly, New York ranks fifth in the nation for statewide solar job creation.

New York will continue its prodigious growth with the NY-Sun initiative which has committed $1 billion in funding for solar projects. The newly launched Solarize campaigns bring together widespread community outreach and education, competitive installer selection, and a limited-time offer to bring more customers to solar and provide significant cost savings. Community Solar NY will support these campaigns by providing marketing materials, technical assistance and funding and by sharing best practices to help community projects succeed.

With the highest electric rates in the nation, lower costs and new funding – NOW is the best time ever for New Yorkers to invest in solar!

Con Edison Customers Went Green & Earned Green In 2014

Energy Efficiency Programs Prevent Emissions, Provide Incentive $$$

Con Edison Media Relations
For Immediate Release: March 25, 2015

Nearly 35,000 Con Edison customers who took advantage of the company’s energy efficiency programs in 2014 helped keep New York’s air clean and earned a record amount of incentives while doing so.

The customers’ projects — which included lighting, HVAC equipment, building management systems and other improvements — will keep more than 87,000 tons of carbon out of the air annually.

That’s the equivalent of taking 14,500 cars off the road.

“Technology is bringing us new ways to help our customers save energy, and keep New York clean,” said Rebecca Craft, Con Edison’s director of Energy Efficiency and Demand Management. “And our customers benefit financially with incentives for energy-saving improvements and lower bills.”

Con Edison customers earned almost $60 million in incentives in 2014 for their energy efficiency upgrades.

The company’s small business program proved to be particularly attractive last year, as the number of customers who got incentives for electricity-saving upgrades rose 61 percent to 9,523. Those customers earned $35.1 million in incentives.

Since 2009, which is when Con Edison began its energy efficiency programs, more than 220,000 customers have helped to prevent 330,000 tons of carbon emissions and received $190 million in incentives.

Con Edison has energy-efficiency programs for every type of customer. To learn more, go to http://www.coned.com/energyefficiency/.

The company offers residential customers rebates of up to $1,000 to replace old cooling and heating systems and rebates up to $50 for appliance upgrades. Small business customers can get free energy surveys and free or subsidized upgrades to help them use less electricity in certain neighborhoods.

Customers with multifamily buildings of five to 75 units can get free energy surveys and rebates for energy-efficient electric and gas equipment in common areas. Commercial and industrial customers can save up to 50 percent on an energy efficiency survey and receive incentives for upgrading equipment.

Con Edison also has a Demand Response program that pays customers to curtail their electrical usage when demand for electricity is high. The enrollment deadline is April 1 for customers who want to being receiving benefits in May. Get more information here:http://coned.com/energyefficiency/demand_response.asp.

The company also increased its Demand Management incentives for owners and managers of large buildings who take advantage of technologies like battery storage, thermal storage, and LED lighting to reduce usage at peak times. Get information here:http://coned.com/energyefficiency/demand_management_incentives.asp

Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $44 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, N.Y. For more financial, operations and customer service information, visit www.conEd.com, learn energy tips at,www.coned.com/waystosave, or find us on Facebook at Con Edison.

via Con Edison: newsroom – Con Edison Customers Went Green & Earned Green In 2014.

Building Owners: Boost Your Bottom Line with NYSERDA & Con Ed Incentives!

Manage your energy consumption and reduce your operating costs with even greater incentives from NYSERDA and Con Edison. These greatly enhanced incentives will generate substantial ROIs for savvy NYC & Westchester buildings owners who take advantage of the program.

Con Edison electric customers are eligible for these new incentives on technologies like energy storage, LED lighting or other energy improvements that helps manage energy use and permanently reduce demand.

Hurry before these incentives expire or funds are exhausted!

Clean Power Financing Support from the NY Green Bank

By Yiqing Zhao

Great news for clean energy, renewable energy and energy efficiency projects: NY Green Bank is here to help financing, firmly supported by NYSERDA.

Open for business since last February, the state-sponsored fund NY Green bank is a division of NYSERDA. As New York’s very own energy expert, NYSERDA promotes technological innovation in building efficiency and envisions a clean energy future.

NY Green Bank’s mission is to advance and expand clean energy (including energy efficiency and renewables) from a financing perspective, in a self-sustaining manner. Currently, the biggest obstacles that prohibit most great projects from fruition are their inaccessibility to financing in the traditional market. Among them, many small & medium-size businesses don’t stand a chance for getting financed.

This is about to change by the NY Green Bank:

Hence, “the Green Bank is in the business of partnering with other lending and other capital market institutions, other financial actors, such as insurance companies or banks and getting them into the business by partnering with them and saying look, we can show you how this work,” explained John Rhodes, NYSERDA President and CEO. When fully capitalized, NY Green Bank expects to have $1 billion on the balance sheet and a projection of $8 billion of additional private sector investment in clean energy projects over the next ten years.

Market-focused and market-responsive, NY Green Bank provides financial support including credit enhancement (such as loan loss reserves and loan building), project aggregation, wholesale leveraging on lowering interest rate, and securitization amidst its pushing for various benign public-private partnerships.

Having been open for only a short time, NY Green Bank “already have seven deals ready to go that are going to commit most of [their] initial capitalization across a range of projects for clean energy, renewable energy and energy efficiency across the state and leveraging upwards of $600 million from those financial service partners,” said Rhodes.

NY Green Bank is starting to tremendously benefit efficiency-minded building owners and clean energy/efficiency/renewable contractors. With a mission to accelerate clean energy deployment in New York State by working in partnership with the private sector to transform financing markets, it’s time to learn to work with them.

The distributed energy storage industry described in one chart

Battery-based energy storage can play a valuable enabling role when it comes to renewable energy adoption, but storage can also do much more. Services such as peak shifting, backup power, and ancillary grid services are a small subset of the larger matrix of potential future values batteries can provide, but storage is still too expensive to cost-effectively provide these services in most U.S. markets.

However, energy storage may be reaching a tipping point. Analysts at GTM project that 318 MW of distributed solar plus storage may be installed by 2018, for example. Also, California’s mandate to procure 1.3 GW of storage, combined with the Tesla gigafactory and the general trend of moving towards prosumer-based electricity markets, is a testament to the size of the potential market.

Thanks to these projections and no shortage of media coverage (by our count, over forty energy storage articles have been released over the past two months alone), an outsider could be led to believe that distributed storage, by participating in several different kinds of electricity markets using a number of different product configurations, is capable of solving many of our electricity system ills.

However, we’re not quite there yet. In reality the current state of the industry in the U.S. is still simple enough that it can be captured in a single chart that illustrates the two major challenges the energy storage industry is currently facing: high costs and limited avenues for capturing value.

In the following figure we’ve illustrated:

  • Installed cost for an energy storage system (blue bars on the left) based on current system pricing and a 20-year system lifetime
  • How much money you can make using that energy storage system for the four primary use cases we see right now.

Click image to enlarge

EXPANDING STORAGE’S NET VALUE

Any orange bar that climbs above the dotted black line indicates a profitable business case under current cost and rate structures. For any orange bar below the dotted black line, it’s currently not profitable to pursue that business case. For anyone following the energy storage industry, this makes intuitive sense: the frequency regulation market in PJM territory and the demand charge reduction market for commercial customers in California both currently offer cash-positive scenarios for energy storage companies like STEM and Coda. But other opportunities, such as self-consumption in Arizona and rate arbitrage in California, current have system costs that are too high and use case revenues that are too low to deliver a compelling value proposition.

But here’s the reason this chart explains the state of the entire U.S. energy storage industry: if you remove the green subsidy bar (here we use California’s Self-Generation Incentive Program (SGIP) and pretend it can be used in different states for various use cases) or move beyond regions with extremely generous compensation mechanisms (such as the PJM frequency market), none of these current business models offer anything close to a cash-positive scenario. This means that energy storage is either too expensive for widespread application or the revenue opportunities for energy storage simply aren’t big enough for the technology to capture value right now.

Following closely on the heels of Rocky Mountain Institute’s Battery Balance of System Charrette, our team is now working to attack both the cost and value sides of this equation in order for that blue bar to get a lot smaller and for more and more of those orange bars (and we’d like to see many more of these, not just the four dominant ones we see today) to climb well over the dotted black line in new markets across the U.S.

DECREASING COSTS

Right now, you can spend $29,000 (or $21,500 after incentives) for a 24 kilowatt-hour lithium ion battery pack … and you also get a car, since Li-ion batteries at those prices and sizes are found in today’s electric vehicles (e.g., the Nissan LEAF). Alternatively, you can spend nearly $34,000 for a similar battery pack without wheels. It could also take over 100 days for the utility to green-light you to use that wheel-less battery pack and your local jurisdiction might require a water-based fire extinguishing system to be installed (even if all that will do is fry your entire battery system).

During the charrette, we identified a host of similar, “easy to solve” challenges that could reduce costs as well as an array of more fundamental challenges, including:

  • the lack of standardization in a variety of key elements,
  • boutique interconnection protocols (how a battery is connected to the grid, and what it is allowed to do), and
  • lack of interoperability with other systems (how multiple batteries talk to each other, and how batteries talk to other things, like your solar system or home energy management system).

To help overcome these challenges and reduce the cost and time to market for energy storage systems, RMI is taking the lead on developing an energy storage cost roadmap framework in order to help industry, utilities, and customers understand how much storage costs now, outline what an industry-wide “should cost” target looks like (analogous to similar targets in the PV, solar system, andsemiconductor industries), and map the various initiatives and research that will need to take place in order to reach the cost targets. Furthermore, we’re taking a hard look at the EV industry’s effort to develop a standard EV plug to better understand how the energy storage industry could develop similar standardized physical interfaces for their products at the building and product levels.

CREATING MORE AND LARGER VALUE STREAMS

Solving one side of the energy storage equation—reducing costs—won’t automatically lead to the creation of a thriving energy storage ecosystem. In addition, our electricity system needs to evolve and allow energy storage systems to compete with other energy resources on a level playing field. Unlike a residential solar PV customer, energy storage customers of all shapes and sizes are compensated differently depending on the market they participate in—if they’re even compensated at all. This, in spite of the fact that energy storage can or will be able to provide various grid services to millions of customers at a lower cost of service than today.

To help incubate a thriving energy storage ecosystem in the U.S. and more broadly, RMI is exploring partnership opportunities with regulators, utilities, and energy storage companies to fully understand the costs and benefits of energy storage (analogous to the effort RMI embarked upon two years ago with our similar study on distributed PV). Over the next year, we hope to help utilities better understand how distributed energy storage can reduce costs on distribution systems in order to drive regulatory change and open up entire new markets for distributed storage.

Cost-effective distributed energy storage is capable of helping electricity systems transform into low-carbon, secure, and reliable backbones of communities large and small. By focusing on the cost and value sides of the energy storage industry, we hope to help this technology reach unprecedented scale and contribute to RMI’s vision of the electricity future. We encourage you to check in on RMI’s efforts in the energy storage space here on our blog and feel free to let us know what you think in the comments below.

Download the Battery Balance of System Charrette: Post-Charrette Report Here.

via The Rocky Mountain Institute Blog: The Distributed Energy Storage Industry In One Chart.