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Featured Other Energy Topics White Papers

WHAT DOES THE AIM ACT MEAN FOR FIRE SUPPRESSION?
Published by Stat-X® Condensed Aerosol Fire Suppression

All Other Energy Topics White Papers

FRIENDS DON’T LET FRIENDS USE 8760S…AT LEAST NOT FOR REVENUE MODELING

An “8760” (sometimes known as a “typical meteorological year,” or “TMY”) is a year-long hourly time series of expected generation for a wind or solar project. As the name implies, an 8760 contains generation values for all 8,760 hours of a year (non-leap year) and captures the typical seasonal and diurnal generation patterns at the site. Despite their widespread use in the renewable energy industry, there are two particular use cases of 8760s that can lead to significant errors in revenue estimation: 1) the pairing of an 8760 with a non-concurrent price time series and 2) the use of an 8760 as an input to a forward-looking price model.

WHAT DOES THE AIM ACT MEAN FOR FIRE SUPPRESSION?

The AIM Act received bi-partisan support as well as support from industry. The Act jointly addresses climate change and job creation. From a climate change perspective, it is believed that AIM will help the planet avoid an increase of .5°C in global warming.