3/27/2023 0 Comments Wrise boston![]() ![]() This is significantly higher than present conditions. The estimated interconnection costs of these projects is $322/kilowatt. □ We estimate an additional $39 billion in grid investment to connect the 121GW of wind, solar and storage that the IRA will advance by 2030. It is likely that the transmission network stands to gain the most in rural communities ( NRECA), coastal states and where the largest IOUs, such as Xcel Energy, Florida Power & Light Company and Duke Energy Corporation, operate. □ We have already seen that utilities are reconsidering technologies and projects that they would have rejected without federal funding. This is a clear message to regulators and utility executives to invest to meet green transition goals. We expect utilities to accelerate efforts in the near-term with the $5.5 billion federal dollars each year (to 2026). □ In 2022, US utilities spent $65 billion in capex to replace, modernize and expand existing electrical infrastructure. As a result, BloombergNEF estimates that cumulative grid investment will increase 11% to $801 billion by 2030. □ The federal government allocated $29 billion to power grids. I’m also very excited to start reading Russell Gold’s book about Michael Skelly, Superpower: One Man’s Quest to Transform American Energy, when it is released this month.I recently published a research report that summarizes the impact of the Inflation Reduction Act and Bipartisan Infrastructure Law on the US power grid. I recommend to everyone I know to read Paul Hawken’s Drawdown: The Most Comprehensive Plan Ever Proposed to Reverse Global Warming. ![]() I encourage everyone to take a few minutes to nominate someone. Award programs like The Cleanie Awards are a small way to give them recognition and motivation. There are so many incredible individuals and companies working to solve tough challenges. What do you think awards programs mean for the industry and for individuals? You’ve won several awards, including the WRISE (Women of Renewable Industries and Sustainable Energy) Rising Star Award as well as Renewable Energy World’s Solar 40 Under 40 Award. I’m very proud of the thousands of MW of wind and solar projects that have been constructed and financed because of our clients. In the end, they emerge as experts who can describe the process and benefits with others. When they start their journey, they know very little about power markets, energy risk, or contracting. ![]() It’s a fascinating look into these companies’ operations, and I love helping to design strategies to help them minimize risk. I get to work with some of the largest companies in the world and help them fulfill their sustainability and energy goals using renewables. What do you find most rewarding about your work? I saw corporate demand for renewable energy as a growing demand driver and joined a start-up in Boston that was focused on connecting commercial, industrial and institutional (C&I) buyers with renewable energy projects. Once I realized how innovative this sector is-and how important it is to driving down energy costs and combating climate change-I was hooked. After a stint working on nuclear non-proliferation, I got a job at the American Wind Energy Association (AWEA) where I was introduced to the renewable energy space. I studied engineering and political science as an undergrad and completed my master’s degree on the intersection of science and policy. What inspired your career in the industry? Emily spoke about her start in the clean energy industry, why she loves empowering organizations to embrace renewables, and what she’s reading at the moment. As Senior Director of Energy Markets and Sustainability at Edison Energy, Emily Williams helps Fortune 500 companies plan and achieve their sustainability goals using renewable energy. ![]()
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