state of the market€¦ · 2019 announced corporate renewable deals in the u.s. by week as of...
TRANSCRIPT
STATEOF THEMARKET
Thank you to the Supporters of REBA and the Sponsors of REBA Connect: Virtual Member Summit
Thank you to all our REBA members!
Adobe
Anheuser-Busch InBev
Atlassian
Autodesk
Bloomberg
Cargill
Cisco
Cummins Inc.
eBay
Equinix
Freeport-McMoRan
IBM
Iron Mountain
McDonald's USA, LLC
Micron Technology
Nestle
Nike
PayPal
PepsiCo
Starbucks Corp
VF Corporation
174 Power Global
Bank of America Merrill Lynch
Covington & Burling LLP
CustomerFirst Renewables
Morgan Stanley Capital Group
Orsted
Wilson Sonsini
REBA Leadership Circle
Gold Members
Platinum MembersAT&T Microsoft
QTS Target VMware
Acknowledgements
CDP
Electric Reliability Council of Texas
Energy Information Administration
National Renewable Energy
Laboratory
RE100
Science Based Targets
S&P Global
Third Party Data SourcesAuthors
Bryn Baker
Miranda Ballentine
Priya Barua
Katherine Kerr
Camorah King
Alex Klonick
Mark Porter
Laura Vendetta
4
Agenda
The Buyers Journey
US Market Overview and Key Trends
Unlocking Future Procurement Options
Leadership Trends
5
Agenda
The Buyers Journey
US Market Overview and Key Trends
Unlocking Future Procurement Options
Leadership Trends
6
The Buyers JourneyFrom planning to action
TRANSPARENCY• Accounting for your
carbon footprint• Mapping your energy
consumption
COMMITMENT• Setting carbon
reduction targets• Pledging to clean
energy goals
ACTION• Pursuing goals with
RECs, PPAs, project ownership and more
• Restarting the process for supply chain, 24/7 renewables, etc.
FEEDBACK LOOP
7
The Buyers JourneyFrom planning to action
TRANSPARENCY• Accounting for your
carbon footprint• Mapping your energy
consumption
COMMITMENT
ACTION
FEEDBACK LOOP
8
The Buyers Journey – TransparencyReporting is a key first step to managing a path forward
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
TotalCompaniesDisclosingtoCDP
Source: https://www.cdp.net/en/companies/companies-scores
Companies disclosing to CDP
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The Buyers JourneyFrom planning to action
TRANSPARENCY
COMMITMENT• Setting carbon
reduction targets• Pledging to clean
energy goals
ACTION
FEEDBACK LOOP
10
The Buyers Journey – CommitmentsIncreases in goal setting with both an emissions and energy focus
2015 2016 2017 2018 2019 2020YTD
0
100
200
300
400
NewSBTCompan
ies
0
200
400
600
800
TotalSBTCompan
ies
2014 2015 2016 2017 2018 2019 2020YTD
0
10
20
30
40
50
60
70
NewRE100Compan
ies
0
50
100
150
200
TotalR
E100Compan
ies
Science Based Targets Companies RE100 Companies
Source: https://sciencebasedtargets.org/companies-taking-action/# Source: http://there100.org/companies
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The Buyers JourneyFrom planning to action
TRANSPARENCY
COMMITMENT
ACTION• Pursuing goals with
RECs, PPAs, project ownership and more
• Restarting the process for supply chain, 24/7 renewables, etc.
FEEDBACK LOOP
12
The Buyers Journey – ActionConsistent growth in voluntary market sales
NREL Voluntary Green Power Sales
Source: https://www.nrel.gov/docs/fy20osti/74862.pdf
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Tota
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Po
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(MW
h)
Agenda
The Buyers Journey
US Market Overview and Key Trends
Unlocking Future Procurement Options
Leadership Trends
14
Announced Corporate Renewable Deals in the U.S.
A s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
2014 2015 2016 2017 2018 2019 2020
0.0
2.0
4.0
6.0
8.0
10.0
1.20
3.22
1.54
2.76
6.39
9.33
1.76
GW
of
Cap
acit
y
Over 26GW announced in the last 10 years
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Announced Corporate Renewable Deals in the U.S. by Quarter
A s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
Over 15GW announced in the last 2 calendar years
16
GW
of
Cap
acit
y
Announced Corporate Renewable Deals in the U.S. by Quarter
A s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
Q1 2020 is down for a few reasons
17
GW
of
Cap
acit
y
2019 Announced Corporate Renewable Deals in the U.S. by Week
A s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
~3 GWs announced within 8 days in September
GW
of
Cap
acit
y
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Announced Corporate Renewable Deals in the U.S. by Quarter
A s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
Q2 2020 to date has already surpassed Q2 2018
GW
of
Cap
acit
y
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Market Expansion: New Buyers
Over 100 companies have transacted in utility-scale renewable energy market since 2008A s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop
solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
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Bu
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Market Expansion: New Energy Providers
A s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
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Increase In Unknown Deal Counterparties
In 2019, 2+ GWs from ~12 announced deals did not make energy provider publicA s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop
solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
2014 2015 2016 2017 2018 2019
0.0
2.0
4.0
6.0
8.0
10.0
1.20
3.22
1.54
2.76
6.39
9.33
2.17
22
GW
of
Cap
acit
y
Technology Evolution* This does not include ~800 MWs of deals in which the technology is not known
SolarWind
At least 2.5 GW of ~5 GW of solar announced in 2019 was in ERCOTA s of A pril 24, 2020. Publicly announced contracted capacity of corporate Power Purchase Agreements, Green Power Purchases, G reen Tariffs, and Outright Project Ownership in the US, 2015-2020 by quarter. Excludes on-site generation (e.g., rooftop
solar PV ) and deals with operating plants. (#) indicates number of deals each year by individual companies. Copyright 2020 Renewable Energy Buyers Alliance. Produced in part using data from S&P Global Market Intelligence, Copyright © 2020.
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GW
of
Cap
acit
y
Where are Corporates Signing Deals? – Until 2020YTD
Count of deals1 25+
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CO2 Emission Factors From Electric Power
Source: 2017 Total Electric Industry Power Data – EIA.com
Emissions factor (metric tons/MWh)
0.01 0.95
25
CO2 Emissions From Electric Power
Source: 2017 Total Electric Industry Power Data – EIA.com
26
Battery Capacity in the ERCOT Interconnection Queue Now Exceeds Gas Capacity
Battery
Gas
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
0%
25%
50%
75%
100%
10,825 10,529 10,537
2,847 3,012 3,265
10,103
3,5014,121 3,957
9,737 9,740
3,9714,200
4,453
9,2838,207
7,405
5,628
7,215 7,790
7,445
5,898 5,607
10,3808,965 9,978
5,607 5,507 5,749
Source: http://mis.ercot.com/misapp/GetReports.do?reportTypeId=15933&reportTitle=GIS%20Report&showHTMLView=&mimicKey
Numbers on bars represent MWs of each tech category
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Agenda
The Buyers Journey
US Market Overview and Key Trends
Unlocking Future Procurement Options
Leadership Trends
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Pathway 1: Greening the Grid for AllStates Driving Decarbonization
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Pathway 1: Greening the Grid for AllUtilities Setting Decarbonization Commitments
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Pathway 1: Where is the Grid Greening for All?
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Pathway 2: Increase and Improve Customer OptionsRTO Expansion
Source: isorto.org
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Pathway 2: Increase and Improve Customer OptionsStates with Green Tariffs Approved and Used
17 states have green tariffs available, 14 have active C&I customers
Data from REBA Green Tariff tracking and only includes deals that involve build of new generation and corporate commitments
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Pathway 2: Increase and Improve Customer OptionsUtility Territories with Approved Green Tariffs Used by Corporates
Narrowing deployed green tariffs to utility service territories further highlights their limited availability
Data from REBA Green Tariff tracking and only includes deals that involve build of new generation and corporate commitments
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Pathway 2: Increase and Improve Customer OptionsWhere do customers have options?
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Bringing It All Together...
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Bringing It All Together...
% of Electricity Consumption that is RenewableBased on EIA 2017 data
17%
2%
8%
52%
33%
4%
29%
42%
22%
4%
10%
28%
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Agenda
The Buyers Journey
US Market Overview and Key Trends
Unlocking Future Procurement Options
Leadership Trends
38
3
Policy & Regulatory Engagement
4
More International Procurement
5
Focus on Supply Chain Partners
6
Impact Beyond Carbon
1
Transitioning from 100% RE goals to
24-7/365 zero carbon
source: Google
2
New/Additional Projects
Material Impact Projects
source: WattTime
Trends Where Large Energy Consumers Want to Lead
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Thank you!