renewable energy 101 - center for resource...
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RENEWABLE ENERGY 101 What it is, where it is, how it works, why it matters
Renewable Energy Markets 2013 September 23, 2013 Jeff Swenerton Communications Director
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Outline 1. What is Renewable Energy? 2. Basics of the U.S. Electricity Grid 3. Renewable Energy Certificates 4. Renewable Energy Markets 5. Renewable Energy Project Financing, PLUS if Renewable
Energy is So Great, Why Don’t They Build More? 6. Homework
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Renewable energy is natural, abundant, and clean.
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Wind Solar Geothermal Biomass Low-Impact Hydro not nuclear not “clean” coal not natural gas
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Wind Solar Geothermal Biomass Low-Impact Hydro not nuclear not “clean” coal not natural gas
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Nuclear Petroleum Renewable Natural Gas Coal
37%
30%
12%
1%
19%
U.S. Mix
Data: EIA March 2013
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Hydropower Wind Biomass Wood Biomass WasteGeothermal Solar
1%3%4%
8%
28%56%
U.S. Mix—Renewable Energy
Data: EIA March 2013
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Wind
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Solar
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Hydropower
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Geothermal
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Biomass
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grid basics
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The Grid
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The Grid: 345-499 kV
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The Grid: 500-699 kV
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The Grid: 700-799 kV
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The Grid: 1,000 kV DC
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Snapshot: June 16
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Electricity consumption per capita 13,394 kWh in U.S.
Data from World Bank, World Development Indicators Last updated: Jan 17, 2012
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I want to buy renewable energy
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The Electricity Grid
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Ways to Buy Renewable Energy Voluntary Market Competitive electricity Utility green pricing programs Voluntary REC purchases Compliance Market Utility RPS purchases
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The Renewable Energy Certificate
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Renewable Portfolio Standards: 29 States + D.C. have an RPS
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Project Financing in Brief Power Purchase Agreement (PPA) Renewable Energy Certificates Tax breaks and other stuff
Legislative Support Production Tax Credit (PTC) Investment Tax Credit (ITC)
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If renewable energy is so great, why aren’t we building it faster?
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Renewable Integration Issues Variability Transmission siting High capital costs PTC Stress Fossil Fuel Availability
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Energy efficiency first
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Renewable energy is the new new thing
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Where Are the Renewable Energy Jobs?
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Buy renewable energy
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Tell a friend
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?
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Jeff Swenerton Communications Director Center for Resource Solutions 415-561-2100 [email protected]
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