This blog post is an excerpt from the Advanced Energy Now 2023 Market Report, prepared for Advanced Energy United by Guidehouse Insights. This post is the fourth in a series of excerpts from the report.
Across the country, over 2,000 gigawatts of resources representing 10,000 projects are waiting for the green light to connect to the grid so they can commence construction and start operating—mostly clean resources like wind, solar, battery storage, and hybrid renewable-plus- storage projects. These projects are stuck in interconnection queues, undergoing an evaluation of reliability impacts and transmission system upgrades that must be made before they can start to deliver electricity to the grid.
Topics: Wholesale Markets
Since 2016, the United States has acknowledged every first Wednesday in October to celebrate one of the most essential players in combating climate change: energy efficiency. Bringing energy efficiency to the forefront of national observances spurs celebration of the benefits that come with it, such as lowering energy bills, reducing reliance on fossil fuels, and lowering greenhouse gas emissions. Pairing these benefits with improving grid resilience and reliability can create a healthier future for our communities and a true “powerhouse” climate solution.
Topics: Energy Efficiency
The Inflation Reduction Act (IRA) contained a variety of incentives, grants programs, and policies to help catalyze not only the growth of clean generation, but also energy efficiency and building electrification. Among the notable measures in the landmark law were a pair of residential rebate programs - the Home Efficiency Rebates and the Home Electrification and Appliance Rebates Programs – for which the IRA provided $8.6 billion.
Now, the U.S. Department of Energy (DOE) is prepared to begin allocating these funds out to all 50 states and tribes across the country, to help them provide upfront rebates on efficiency projects, new heat-pump HVAC systems, smart electric panels, and more. While Congress and DOE have attached some requirements to these funds, state energy offices (SEOs) are responsible for designing specific rebate programs. They will decide which households receive rebates, which technologies they finance, and how the rebate programs serve larger public policy goals.
To help states navigate the application process for these funds, and design effective programs, Advanced Energy United and Rewiring America teamed up to produce a new guide: “Making the Most of the Federal Home Energy Rebates.” Informed by the experience and expertise of companies, advocates, and industry experts working in the efficiency, electrification, and distributed energy resource (DER) space this guide is crafted to help states serve low- and moderate-income consumers while also spurring a larger market for residential efficiency, electrification, and DERs broadly.
Topics: Federal Policy, Energy Efficiency, Manufacturing and Infrastructure
How quickly and efficiently New Jersey can transition to a 100% clean energy future depends in no small part on how the state’s utilities implement energy efficiency and demand management guidance recently issued by New Jersey’s Board of Public Utilities (BPU). At the end of July, the BPU voted 4-0 to approve an Order that largely implements Staff’s Straw Proposals on the 2nd Triennium of Energy Efficiency and Peak Demand Reduction Programs (Triennium 2), an every-three-year regulatory proceeding that defines the scope of utility demand side management programs. Triennium 2 has the potential to foster economic development in New Jersey, increase grid reliability and flexibility, and lower utility bills for residents by leveraging advanced energy technologies and services. However, the promise of these programs is in the hands of the state’s utilities. The NJ BPU designed Triennium 2 in a way that provides utilities with significant leeway to determine how aggressively and ambitiously to implement these programs. To maximize the guidance in this Order, utilities should make significant investments in the three areas covered by Triennium 2: electricity reduction measures, building decarbonization programs, and peak load demand-response initiatives.
Topics: Regulatory, Energy Efficiency, New Jersey