A slate of new Integrated Resource Plans and sustainability proposals indicate U.S. utilities are realizing the business case for clean energy technologies. But many utilities are still hedging their bets on a mix of resources.
It’s become politically and economically advantageous to embrace clean energy. But many utilities are skeptical of a renewables-dominant future.
So where do power companies break down in their approach?
The ambitious
In a Smart Electric Power Alliance (SEPA) ranking of utilities integrating the most solar in their portfolios, the usual suspects — including PG&E, Southern California Edison, Austin Energy and Xcel Energy — mostly came out on top.
Those companies are known for their renewable energy commitments.
In its latest corporate sustainability report, Minnesota-based Xcel achieved a 40 percent carbon-free portfolio that mostly relied on wind and nuclear. By 2022, the utility said its wind capacity alone would reach 40 percent, totaling a 61 percent carbon-free mix. It also said natural gas use will shrink from 23 percent in 2017 to 12 percent in 2022, and coal will drop 10 percent over that same period, to 27 percent. Through 2027, Xcel will retire 40 percent of its owned coal capacity.
Duke Energy Progress North Carolina also ranked in the top five for annual megawatts of solar, as did South Carolina Electric & Gas. In April, Duke reported that the utility added over 1,000 megawatts of wind, solar, and biomass in 2017, amounting to more than 6.4 gigawatts total. Wind and solar accounted for the great majority.
In its recently released sustainability report, Duke outlined storage projects including 75 megawatts included in its IRP for the Carolinas. Utilities in states like California and Arizona are taking a similar path, choosing battery storage over gas peaker plants.
SEPA’s rankings for megawatts of solar per customer and installed storage also spotlighted some smaller utilities, such as Wisconsin’s Madison Electric, Tucson Electric and Power, and Moreno Valley Utility.
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Wind turbine maker
Shell has continued to scale-up its interest in distributed energy by participating in a €60 million (US$70.23 million) investment round by German battery storage firm sonnen.
The degree to which energy storage can compete economically with natural gas peaking plants is still being determined, but better price signals are needed to incentivize the most cost-effective reliability solutions regardless of technology, experts and analysts said Monday.
The use of electric car battery packs to create large energy storage projects is becoming increasingly popular.
BOULDER, Colo.–(BUSINESS WIRE)–May 22, 2018–A new report from Navigant Research analyzes the advantages of energy storage with fossil fuel (ESFF) solutions to maximize the efficiency, value, and useful life of fossil fuel power plants.
A new energy storage system developed by University of Adelaide researchers and industry partners is now successfully supporting the electricity network for the country town of Cape Jervis, South Australia.
Think the plummeting costs of solar and wind are transforming the energy landscape? Then you should be betting on ways to warehouse that power.
A “may day”’ call this year came from the U.S. Department of Energy. The DOE made a $30 million funding commitment to long-term energy solutions through its Advanced Research Projects Agency-Energy (ARPA-E) office. “Long-term,” as defined in the project scope, starts at 10 hours and extends up to 100 hours of stored energy.