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Public Private Partnerships as a Role to Lead the Energy Revolution Ben Taube BLT Sustainable Energy October 2013

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Page 1: NZC - Ben Taube

Public Private Partnerships as a Role to Lead the Energy Revolution

Ben TaubeBLT Sustainable Energy

October 2013

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georgiatransitconnector.org

www.AtlantaBBC.com2

• National competition initiated by US Department of Energy

• Started in June 2011 with 3 pilot cities: Los Angeles, Seattle and Atlanta

• Mayor Reed launched program locally in November 2011

• Now 36 Community Partners (cities, states, school districts) representing 2 billion square feet

Atlanta Better Buildings Challenge Background

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georgiatransitconnector.org

www.AtlantaBBC.com3

Atlanta’s Goal:To engage the local community to reduce energy and water consumption by at least 20% in participating buildings across Atlanta’s central business district by 2020 and become one of the country’s top sustainable cities.

Atlanta Better Buildings Challenge Background

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georgiatransitconnector.org

www.AtlantaBBC.com4

Atlanta Better Buildings ChallengeWestside TAD Grant Program

$8 million of Westside TAD Tax Increment for energy audits and project implementation for ABBC Participants

• RFP/RFQ Process completed in July• 4 Buildings awarded Investment-Grade

Energy Audits (IGA)• 2 Service Providers selected to perform

IGAs• After IGAs are completed, participants can

apply for retrofit implementation funding (up to 40% of project cost)

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• Property Assessed Clean Energy (PACE)

• Utility On-Bill Finance and Pay Integration

• Energy Service Agreements & Securitization

• State & Federal Innovations

• MLPs, REITS, Venture Capital

• Finance Integration Platforms

• Energy Efficiency Insurance

• Deep Retrofit Value Methodologies

EE Finance Innovation

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Growing Model

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LOCAL GOVERNMENT:Form District Under State

PACE Legislation

LOCAL TRADES:Utilize the Fund to

Market Projects

PROPERTY OWNERS:Access the Fund to

Finance Projects

Form a Public Private Partnership

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What are the mechanics of PACE?

Property Owners:• Voluntary to participate • Utility bills decrease due to energy and water savings • Little or no upfront costs for upgrades • Payments are low and fixed

Local Governments:• Elect to participate • Promotion of increased energy and water capacity to prospective

employers • No risk to general fund • Substantial progress in achieving water and energy consumption

reduction goals

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© 2011 Ygrene Energy Fund All Rights Reserved

PACE Case Studies

City Program Type Projects Funding Notes

Palm Desert Energy Independence Program (CA)

PACE; Residential & Commercial

220 (Res = 216, Comm = 4)

$7.5M 8.4% job growth in construction trades

ClimateSmart – Boulder County (CO)

PACE; Residential

598 $20M Launch 2009; 126 short-term jobs; $125k savings for residents in 1st year

Sonoma County Energy Independence Program (CA)

PACE; Residential & Commercial

1,329 (Res = 1,290, Comm = 39)

$42M 5.3 MW; 3100 mtCO2; 54 job years

Long Island Green Homes – Town of Babylon (NY)

PACE; Residential

678 $5.6M Approx. 30 new full-time direct jobs (verified)

Berkeley PACE; Residential

13 projects completed

$336,552(7 ¾% interest)

Launched 11/5/089 mi.—40 App’s

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Key Points of PACE Programs• Property Assessed Clean Energy Program funds energy efficient upgrades, water

efficiency, and renewables in commercial buildings and residential homes • Provides owners with a way to fund 100% energy efficient upgrades in buildings

with no upfront costs and savings will outpace the cost of implementation• Up to 10% of fair market value of property is available for energy and water

retrofits• No credit rating credit on the ownership but based on the value of the building as

collateral• Can be amortized up to 20 years• Funding assessment for the energy or water project stays with the property and

therefore does not have to be settled sold upon the sale• Off balance sheet financing since the repayment is through an annual payment via

the property tax bill

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• $5,700,000 On-Bill Financing Program

– Started in 2010 with $700,000 GEFA loan

– Expanded in 2012 using cash reserves

• Extremely Effective Growth & Retention Tool

– Available to participating Members’ credit-worthy residential homeowners where natural gas is available

– For the purchase & installation of ENERGY STAR gas appliances

– Maximum loan amount: $5,000

– Maximum term: 60 months

– Interest rate: 0%

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Residential On-Bill Financing Program

05

101520253035404550

Number of Loans Originated 2010-11

$-

$50,000.00

$100,000.00

$150,000.00

$200,000.00

$250,000.00

Value of Loans Originated 2010-11

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Save and Sustain Program

Georgia Green Loans was awarded a statewide contract from the Georgia Environmental Finance Authority (GEFA) to help Georgia’s small businesses reduce their energy bills and improve sustainability by:

1. Paying the majority of costs for energy audits;2. Assisting with energy-related rebate programs and tax incentives;3. Providing low-interest loans for improving energy-efficiency thus reducing operating expenses.

With the expertise of Georgia Green Loans and our energy audit partners, we create a triple-bottom-line value for Georgia small businesses. Our program will:

1. Increase Profitsa. Reduce operating expenses by cutting utility costsb. Grow revenues through an improved company image

that attracts environmentally-conscious customers2. Empower People

a. Improve employee satisfaction with a safe, healthy, efficient and eco-friendly work environment3. Protect Our Planet

a. Take less from the Earth and do less damage to the Earth

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Southeast – Scaling Municipal Partnerships

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The Evaporcool solution combines multiple proprietary technologies.

Electronic and ActiveWater Conditioning

Precise Sensing and Control Optimal evaporationwater conservation

Performance & PersistenceDevice-Cloud M&V

Diagnostics & Fault DetectionAlerting & Reporting

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Utility Benefits• High Benefit/Cost Ratio, TRC 2.0 and greater• 15 Year asset life• Persistent HVAC Hot/Dry Climate Energy Efficiency Measure• Large Market - Existing Buildings, Commercial & Industrial • Reduces Coincident Summer Peak Demand• Capacity (demand reduction) improves as temperatures get hotter• Geo-targeting to relieve congested feeders• Highly scalable: 100’s of MW of opportunity

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LEAP-VA Mission

The mission of the Local Energy Alliance

Program is to lead the effort to retrofit

buildings with energy efficient technologies.

Our overarching goals include cost savings,

job creation, energy self-reliance, and local

economic development.

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Outcomes of LEAP’s Work

10,000+ homeowners participating in contests, in home evaluations, etc.

1400 residential upgrades between two regions

15 commercial upgrades

Low income multifamily 800+ units (projected)

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Outcomes of LEAP’s Work

2010: Year LEAP launched 2,000: Number of home energy evaluations

(“audits”) completed 1,215: Number of home energy retrofits

completed 34: Percentage of all retrofits in SEEA’s 13-city

consortium completed by LEAP $700,000: Savings for LEAP clients annually $13,000,000: Revenues to Virginia contractors

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Local Energy Alliance Program (LEAP)

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Charlottesville Area Power Plant

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Contact: Ben TaubeBLT Sustainable Energy, Inc.Atlanta, [email protected] 931 1518