Could your state require solar panels on homes?

BRET FANSHAW | June 21, 2018

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Today is the Summer Solstice, the longest day of the year in Earth’s Northern Hemisphere. It’s a day to remind ourselves that beyond those few extra minutes of brilliant light, the sun’s rays hold a virtually limitless stream of clean, renewable energy. If fully tapped, this power could save our planet from irreparable harm caused by burning fossil fuels. Across the country, solar power is growing at an incredible rate: We now generate enough solar energy to power more than 10 million American homes. In California, officials just took another huge step forward. A recent unanimous decision by the California Energy Commission (CEC) mandates that all newly-built California homes will come with solar panels, beginning in 2020. This makes California the first state to set such a policy.

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Emergent Ventures India

EVI was founded in 1999 and in year 2004 EVI started its advisory business to help find ways to devise market based solutions to environmental problems. Less than three years later, EVI received its first private equity investment from IDFC Private Equity. IDFC (Infrastructure Development Finance Corporation), is India’s largest infrastructure asset management firm.

OTHER ARTICLES

Leading the Way Forward for DER Grid Management

Article | April 5, 2020

Distributed energy resources (DERs) are changing the landscape for electric utilities. As adoption goes mainstream, utilities are shifting operating strategies and business models to accommodate DERs such as wind/solar generation, electric vehicles, battery storage, heat pumps and any controllable loads. Developed to provide a wide range of transportation and residential services as well as and energy efficiency, the volume of these devices continues to grow at a pace completely out of the control of electric utilities.

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Artificial Intelligence in the energy sector: opportunities and challenges

Article | March 25, 2020

AI is certainly the talk about the hour nowadays. In high-tech industry, AI is the one with most potential. But before proceeding and discussing further on this exciting technology, we’d like to first understand what AI means-: As power is being generated from more volatile sources like solar and wind, the requirement is that power generation must react intelligently to consumption (and vice versa). With AI, we can evaluate, analyse and control participants connected to each other via these smart grids. With modern day emphasis on climate changes and increasing pressure to reduce CO2 emissions, we must find ways to have most of our power generated from renewable resources. The problem with renewable sources of energy are that they are unpredictable, which makes production of energy periodical and sometimes even chaotic. With renewable sources, there can be power outages or too much power generation which needs to be controlled. Smart storage, also known as Intelligent Energy Storage(IES) can effectively handle these disrupt changes in power supply.

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Coronavirus’ effect on the renewable energy sector

Article | March 12, 2020

Both renewable power projects and conventional energy operations have felt the constriction of global supply chains, which are currently being limited in a global effort to fight and contain the spread of the virus. Many manufacturers of wind turbines and their critical components are based in Asia, such as Goldwind in China, as well as producers of photovoltaic panels and batteries (particularly lithium). Market reticence about bringing in products from affected areas has seen significant constriction in the importation of these materials and parts - the price of batteries has dropped by 60%, owing to the industry’s concentration in Asia.

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Why attracting new talent to the renewable energy industry matters now

Article | April 3, 2020

With a global pandemic in full swing, climate change is no longer the main emergency hitting the news. As countries all over world have introduced social distancing and isolation restrictions to limit the spread of the virus, carbon emissions have dropped as non-essential sectors have ceased their usual activities and travel has reduced as people stay at home. One estimate indicates that greenhouse gas emissions in Europe will drop by a staggering 24.4% this year, which equates to 388.8 million tons less carbon. We have seen a global drop in carbon emissions before following the most recent major financial crisis, however we must not forget that this was quickly followed by a 6% increase in global emissions in 2010.

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Spotlight

Emergent Ventures India

EVI was founded in 1999 and in year 2004 EVI started its advisory business to help find ways to devise market based solutions to environmental problems. Less than three years later, EVI received its first private equity investment from IDFC Private Equity. IDFC (Infrastructure Development Finance Corporation), is India’s largest infrastructure asset management firm.

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