The Hidden Gem of Wholesale Energy Markets: Energy Efficiency
A recent federal proposal puts a spotlight on an uncommonly popular topic: wholesale energy markets. Our new research shows that energy efficiency has provided steadily increasing value to grid operators and customers in two such markets. Our report, Energy Efficiency in Capacity Auctions: A Historical Review of Value, finds that since they have been included, efficiency resources have almost tripled in the Mid-Atlantic auction and almost quadrupled in a similar auction in New England. Capaci...
Duke Energy Assumes Full Ownership of California-based REC Solar
CHARLOTTE, N.C. – Duke Energy, one of the largest energy companies in the country, announced today it has acquired full ownership of California-based REC Solar, a provider of renewable energy solutions for commercial customers throughout the U.S. Duke Energy first acquired a majority interest in REC Solar in February of 2015. REC Solar will continue to be a part of Duke Energy Renewables, Duke Energy’s commercial renewables organization. Duke Energy Renewables’ experience in offsite solar and w...
New Data, Same Results - Saving Energy is Still Cheaper than Making Energy
Keeping the lights on for customers is every electric utility's top priority. To do so, utilities have choices. They can build power plants to convert fossil fuels to energy. They can capture renewable resources like solar and wind. And they can work with their customers to more efficiently use energy, meeting demand by saving energy rather than generating it. ACEEE research has shown a dramatic growth in energy efficiency's role in the electric sector. We estimate that today it's the Un...
Energy Efficiency is Linked to the Internet of Things, But Adoption Rates of Energy Saving Devices is Low; Fourth Component of AESP/ESSENSE Partners Survey Released Today
PHOENIX – A recent survey aimed at energy industry professionals and consumers conducted by the Association of Energy Services Professionals (AESP) and Essense Partners found that devices connected in the home to the “Internet of Things” save money on utility bills, but adoption rates of these devices are still low. AESP conducted the survey among consumers and utilities – roughly 3,000 total respondents -- earlier this year. The fourth of four parts, focusing on the Internet of Things, was r...
Production Heats up for Renewable Energy Storage Company
The South Australian company has spent almost a decade developing its Thermal Energy Storage System (TESS) technology to store electricity as thermal energy by heating and melting containers full of silicon at a cost estimated to be up to 10 times cheaper than lithium batteries. 1414 Degrees has moved into a 3000sq m factory on the site of the former Mitsubishi engine plant in the southern Adelaide suburb of Lonsdale where it will build its first 10MWh TESS-IND system and the first 13.3MWh te...
Fluor Announces the Arrival of Hundreds of Vehicles and Equipment in Puerto Rico to Help Support Power Restoration
IRVING, Texas – Fluor Corporation (NYSE: FLR) announced today the arrival of more than 400 pieces of essential construction and specialty equipment at a shipping terminal in Puerto Rico in support of its ongoing work restoring power there. The equipment, arriving on the USNS Brittin, augments equipment Fluor already has on the ground. It will be disbursed across the northern and eastern regions of the island to support power restoration work on substations and transmission, sub-transmiss...
ADFD, IRENA Open New Round of Funding for Renewable Energy Projects in Developing Countries, Invite Applications
Abu Dhabi, UAE – The International Renewable Energy Agency (IRENA), in partnership with the Abu Dhabi Fund for Development (ADFD), is inviting applications for renewable energy projects in developing countries. Within the framework of the ADFD-funded US$350 million (AED1.285 billion) IRENA/ADFD Project Facility, the current funding round of US$50 million in concessional loans marks the sixth of seven annual cycles. “In just the last few years, renewable energy has emerged as one of the most e...
Fuel Economy is Going Up. Vehicle Prices are Holding Steady
In responding to an Environmental Protection Agency (EPA) action on vehicle standards, ACEEE found that average vehicle prices have remained essentially flat over the past 15 years, even as average fuel economy improves. The finding rebuts multiple claims from the auto industry that boosting vehicle fuel economy makes cars and trucks unaffordable for American consumers. Our analysis is once again relevant as federal agencies, acting on the Trump administration's decision to review fuel economy s...
Distributed Energy Resources (DER): Consumers Are Just Starting to Buy In, But Interest Is High
PHOENIX, AZ – In a recent survey aimed at energy industry professionals and consumers conducted by the Association of Energy Services Professionals (AESP) and Essense Partners, a little less than a third of all consumers reported owning one of several forms of distributed energy resources: an electric car or plug-in hybrid electric car, a rooftop solar system, a backup generator, and/or a heat pump water heater. However, even if they hadn’t yet purchased one of these devices, interest levels...
Fluor Completes High Priority Power Line in Puerto Rico
IRVING, Texas (November 16, 2017) – Fluor Corporation (NYSE: FLR) confirmed today that the company, working under its contract with the U.S. Army Corps of Engineers (USACE), has completed a high priority 38kv power line near San Juan. This will allow the Puerto Rico Electric Power Authority (PREPA) to re-energize lines that serve an area in Carolina that includes residential neighborhoods, a hospital and a branch campus of the University of Puerto Rico. Work awarded to Fluor under the co...