How $5M Will Help A Startup Tackle The Emerging Energy Storage Market
A California energy storage startup has raised $5 million to fund projects that it will sell to businesses under long-term contracts, a model that resembles the leases that have made rooftop solar installations popular.
Stem plans to use the money from Clean Feet Investors to finance up to 15 megawatts of lithium-ion battery systems. Stem is targeting hotels, chain stores, fast restaurant and light industrial companies, said Prakesh Patel, vice president of capital markets and strategy at the startup.
Stem is one of a growing number of energy storage system and service providers that are gunning for California as their primary market. The state last week passed the country’s first mandate that will require its utilities to buy energy storage to help them manage the growing amount of solar and wind electricity that flows into the grid.
Investors such as Clean Feet Investors will be the first wave of money managers who are willing to take big risks. Given that the energy storage market is so new, major banks are watching to see whether various types of storage equipment will deliver the promised performance over time and how money can best be made. Right now, many of them aren’t so willing to invest in what they consider to be unproven technologies.
The new fund enables Stem to market to a broader set of customers. Businesses would sign contracts in which they pay a monthly fee for using the energy storage and Stem’s software, which collects and analyzes onsite energy use and other data in order to control how frequent and how much the electricity should flow in and out of the batteries throughout the day. FULL ARTICLE:
First public auction for solar energy rights on federal lands draws no bids
Federal officials are trying to figure out why the Bureau of Land Management's first-ever auction of public land for solar-energy development failed to attract any bids.
According to the Denver Post, no bidders showed up for the first auction for three parcels of land in Colorado's San Luis Valley, even though five solar development companies had expressed interest in the land.
Three parcels covering 3,700 acres in so-called solar-energy zones were offered on Thursday. The bureau has created 19 zones for large solar projects in six Western states, encompassing nearly 300,000 acres, the newspaper reported.
"We are going to have to regroup and figure out what didn't work," Maryanne Kurtinaitis, the renewable-energy program manager for the BLM's Colorado division, told the Denver Post. "It is always tough to be the first out of the chute. This is a learning experience."
Industry officials attributed the auction's failure to uncertainties about the solar energy market and federal regulations.
Ken Johnson, a spokesman for the Solar Energy Industries, told the Post that financing large-scale solar projects remains a challenge for the industry.
Unique National Clean Energy Credentialing Alliance Created, Uses Solar Power International as Launchpad
In response to groundbreaking growth in renewable energy and energy efficiency industries, a group of highly respected, nationally accredited credentialing organizations announces the formation of a unique Clean Energy Credentialing Coalition (CECC). The Coalition was announced in conjunction with Solar Power International 2013 (SPI '13), the solar energy industry's most powerful, comprehensive educational conference and product exhibition, being held at Chicago's McCormick Place, October 21 - 24. The newly-formed group joins together organizations to demonstrate and promote the collective importance of third-party quality assessment, and the value it brings to building strong and competent renewable energy and energy efficiency markets.
The Coalition is creating a campaign to build awareness of the value of credentialing - particularly as a distinguishing tool for consumers, energy incentive programs, employers and industry. A quality credential is a mark of excellence that can boost consumer confidence in renewable energy and energy efficiency professionals, products and programs.
The goal of the campaign is to educate, enlighten and elevate interest in the benefits associated with clean energy credentialing - from consumers and educators, to manufacturers and government decision makers.
Solar Power International 2013 Tradeshow Report
Here we have compiled a report with several product releases from this years show.
Solar Power International up and running in Chicago
Solar Power International, the solar energy industry’s most powerful, comprehensive educational conference and product exhibition, is happening in Chicago now, October 21 – 24, 2013.
This year Solar Power International more than doubled the educational offering, with nearly 60 concurrent sessions and Quick Talks , more than 60 new sessions in key areas on the Expo floor , and more than 50 new educational posters.
As a media partner AltEnergyMag.com will be covering Solar Power International 2013 and bringing all the industry news and exciting new products to our eMagazine to help our readers make sense of the massive event. Make sure to check out our special SPI 2013 Newspage for Exhibitor news.
Stay tuned for our SPI 2013 Tradeshow report later this week.
California adopts first-in-nation energy storage plan
In a bold move being closely watched by utilities, environmentalists and the clean technology industry, California adopted the nation's first energy storage mandate for utilities Thursday.
State regulators with the California Public Utilities Commission, meeting in Redding, unanimously approved Commissioner Carla Peterman's groundbreaking proposal that requires PG&E, Southern California Edison and San Diego Gas & Electric to expand their capacity to store electricity, including renewable energy generated from solar and wind.
"The decision lays out an energy storage procurement policy guided by three principals: optimization of the grid, integration of renewable energy and reduction of greenhouse gas emissions," said Peterman, a rising star who was appointed to the agency by Gov. Jerry Brown in late 2012.
The state's three investor-owned utilities must collectively buy 1.3 gigawatts, or 1,325 megawatts, of energy storage capacity by the end of 2020--or roughly enough energy to supply nearly 1 million homes. The ambitious 1.3 gigawatts is a capacity target, because different storage technologies have different rates at which they can accept and discharge energy, and the mandate aims to be technology neutral.
In sunny Arizona, a battle over solar power
An insider fight over how much a utility company must pay for electricity generated by solar panels on private rooftops is boiling over into a full-fledged campaign, complete with shadowy money, expensive television advertising, calls for grass-roots action and some of the best pollsters and consultants money can buy.
The feud between the utility and solar panel industries revolves around net metering policies, which govern part of the relationship between utilities and their customers. If the customers have solar panels that generate surplus electricity, the customers can feed that power back into the electric grid; utilities are required to pay the consumer a set rate for the electricity they generate.
When those rates were first implemented, the nascent solar industry had few residential customers. But now, as more customers invest in solar panels for economic or environmental reasons, public utilities are starting to feel the pinch — and they want to stop paying rates they say are above market value for power they can’t always use.
When the Arizona Corporation Commission holds its November meeting, commissioners will consider a request from Arizona Public Service Company, the state’s largest electric utility, to change those rates. The utility industry wants permission to pay rates below market value, and to charge customers who feed electricity back to the grid a monthly fee for maintenance costs.
High Altitude Wind Energy
Technologies to harness high-altitude winds have been around for several decades now but are still in the planning or prototype stage. When these systems are placed into use, the cost of high-altitude wind energy will range from two to four cents per kilowatt hour.
Ceramics Provide High Voltage Insulation For Unique Gas Plasma Engine
Electric propulsion satellites part of new and greener space technology.
Solar Power International - Some Perspectives
We had a chance to talk to some of the folks representing their companies at the show to find out why they go and what they do.
Thin Layers With A Big Impact
How Cascading Arc Plasma Coatings Help Deliver the Highest Efficiency
The Power to Save Lives
Like all of the New Jersey National Guard's solar power projects, this project is under the State of New Jersey's Solar Renewable Energy Certificate Program. Under this program, solar system owners that generate over 1,000 kilowatts of electricity per year that's connected to the public power grid, receive certificates.
Real Examples Renewable Energy Shows Promise Now!
A gentlemen doing his own start up in green asked me to explain clearly what are some examples how going renewable is the business trend of the markets and the government.
Are Operators Ready to Meet the Alternative Energy Risks?
By investing in the right risk management solutions, owners and operators can reduce their potential long-term costs as well as protect against business disruptions.
Team Austria Wins Solar Decathlon 2013
The U.S. Department of Energy Solar Decathlon 2013 today announced the winners of this global competition among collegiate teams to build the most energy-efficient solar-powered house at the Orange County Great Park in Irvine, Calif. Team Austria, made up of students from the Vienna University of Technology, won top honors overall by designing, building, and operating the most cost-effective, energy-efficient and attractive solar-powered house. University of Nevada Las Vegas took second place, followed by Czech Republic, comprised of students from Czech Technical University, in third place.
“The Solar Decathlon is inspiring and training the next generation of clean energy architects, engineers and entrepreneurs, and showing that affordable, clean energy technologies can help homeowners save money and energy today,” said U.S. Department of Energy Secretary Ernest Moniz. “Congratulations to the Solar Decathlon 2013 competitors – your hard work and creativity is helping to build a cleaner, more sustainable energy future.”
Reflecting the quality of the Solar Decathlon 2013 houses, the winning teams’ final scores were the closest they have ever been since the beginning of the competition. Team Austria earned 951.9 points out of a possible 1,000 to win the competition, followed by University of Nevada Las Vegas with 947.6 points, and Czech Republic with 945.1 points. Contributing to their overall win, Team Austria performed well in several of the individual contests, finishing first in the Communications Contest, second in Market Appeal, and tied for first in the Hot Water Contest. Every house in the 2013 competition produced more energy than it consumed.
Nineteen collegiate teams from across the country and around the world competed in 10 contests over 10 days that gauged each house’s performance, livability and affordability. The teams performed everyday tasks, including cooking, laundry, and washing dishes, that tested the energy efficiency of their houses. The winner of the overall competition best blended affordability, consumer appeal, and design excellence with optimal energy production and maximum efficiency. Full competition results and details about the individual contests may be found at www.SolarDecathlon.gov .
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Solar Power - Featured Product
MORNINGSTAR - GenStar MPPT
GenStar MPPT is the industry's first fully integrated solar DC charging system, an all-new design with "lithium DNA" from the leader in charge controllers. Out of the box, GenStar is an overachiever-delivering legendary Morningstar quality, efficiency, power and reliability along with the latest in advanced communications and control technologies. All the most installer-requested features are on-board; additional features can be easily added via Morningstar's ReadyBlock expansion technology, with snap-in blocks that provide battery metering and monitoring, signaling and load control, and lithium battery communications/control
