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The POWER Interview: Google, Utilities Partner for Energy Solutions

March 10, 2020
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The post The POWER Interview: Google, Utilities Partner for Energy Solutions appeared first on POWER Magazine.

Businesses are putting more emphasis on sustainability, coordinating their operations to ensure financial success while also being mindful of environmental concerns. Investors in many cases are demanding companies embrace sustainability, which often includes being more efficient in their use of energy.

That’s one reason behind the growth in distributed power generation, as companies develop their own systems—often utilizing renewable power—to have more control over their energy use and its cost. Several of these companies have told their stories, and provided information about their commercial and industrial power installations, at POWER’s Distributed Energy Conference.

This year’s conference is scheduled for Oct. 19-21 in Chicago, Illinois. Sustainability will again be part of the agenda, with businesses discussing how they are developing programs to address financial, social, and environmental concerns.In the corporate world, it is sometimes referred to as the triple bottom line.

Aaron Berndt

Google, the Silicon Valley-based search engine giant, has become a leader in sustainable business practices, purchasing renewable energy to match its global power consumption.…

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The POWER Interview: Vicinity CEO Discusses District Energy

February 25, 2020
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The post The POWER Interview: Vicinity CEO Discusses District Energy appeared first on POWER Magazine.

The rise of distributed, or decentralized, power generation has been supported by district energy, the generation from facilities and associated distribution networks supplying steam or hot water, chilled water, and electricity for heating and cooling to millions of square feet of building space across the U.S. and around the globe. District energy is among several focus areas for POWER’s Distributed Energy Conference, which this year is scheduled for Oct. 19-21 in Chicago, Illinois.

Among the newest district energy providers—at least in name—is Vicinity Energy, a company recently launched by Antin Infrastructure Partners after Antin’s purchase of Veolia North America’s district energy assets in the U.S. Vicinity, headquartered in Boston, Massachusetts, immediately became North America’s largest provider of district energy. The company is supplying energy and related services across 13 networks in 10 major cities, including large networks in Boston; Philadelphia, Pennsylvania; Baltimore, Maryland; and Kansas City, Missouri.…

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New York Is Fertile Ground for Clean Energy

January 12, 2020
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The post New York Is Fertile Ground for Clean Energy appeared first on POWER Magazine.

When many people are asked which state is leading the U.S. toward a renewable energy future, California is the first that comes to mind. And while California is worthy of such distinction, it’s not the only state with a progressive clean-energy agenda. New York should also be part of the conversation.

On Jan. 8, New York Gov. Andrew Cuomo gave his 2020 State of the State address, outlining what his office has called a “bold agenda to continue New York’s role as progressive capital of the nation.” Among the many proposals he put forth was a plan to grow New York’s “Green Economy.”

Renewables Growth = Job Growth

In a 318-page book released in conjunction with the address, combatting climate change is the first chapter, and Cuomo believes tackling the issue will be a win-win for the environment and his state. In 2019, the governor signed New York’s Climate Leadership and Community Protection Act (CLCPA).…

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Energy Secretary Perry Tells Trump He is Resigning

October 18, 2019
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The post Energy Secretary Perry Tells Trump He is Resigning appeared first on POWER Magazine.

Energy Secretary Rick Perry told President Donald Trump on Oct. 17 that he is resigning his post. Trump confirmed to reporters in Texas, where he and Perry flew Thursday, that the energy secretary will step down, and Trump said he would quickly name a replacement.

DOE Deputy Secretary Don Brouillette is viewed as Perry’s likely successor, probably taking the top spot at DOE before the end of the year. Analysts have said his agenda is likely to be similar to Perry’s, support for financially troubled coal-fired and nuclear power generation, along with exports of U.S. oil and liquefied natural gas.

Media outlets including POWER magazine reported on Oct. 4 that Perry was planning to step down, possibly by the end of the year. A Department of Energy (DOE) spokeswoman at that time would not confirm those reports. Perry himself earlier Thursday told a Dallas, Texas, radio station that “[Media has] been reporting [he would resign] for eight or nine months now.…

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Distress and Deals Continue to Persist in Energy Sector

October 8, 2019
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The post Distress and Deals Continue to Persist in Energy Sector appeared first on POWER Magazine.

At the end of last year, the power market began to lose steam. The credit market wasn’t as strong as it was at the start of the year and many people began speculating “doom and gloom” for the market. However, over the last few months, the power market has picked up and is beginning to show resiliency. As we explore below, there has also been a healthy amount of merger and acquisition (M&A) activity, highlighting that investor confidence is returning, even if only slightly.

The second quarter (Q2) of 2019, in particular, saw strong deal value compared to Q1, according to a recent report from PwC. The report notes that although overall deal volume decreased in Q2, deal value increased by nearly 55%, making it the highest-value quarter since Q2 2018. This was influenced by the absence of mega-deals ($ 5 billion or more) for the fourth consecutive quarter.…

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How Nevada Is Leading the Renewable Energy and Battery Storage Charge [PODCAST]

August 6, 2019
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Renewable energy and battery storage are hot topics in the U.S. today. Lawmakers throughout the country debated various new energy policies during the 2019 legislative session. Nevada is among the states leading the way forward. Several new laws were passed in the state that will affect power companies and consumers for years to come.

Curt Ledford, a Nevada-based attorney who is a partner with Davison Van Cleve PC, was a guest on The POWER Podcast. Ledford’s practice is focused on utility, administrative, corporate, cooperative, and regulatory law, as well as general matters affecting energy developments, generation facilities, renewable energy, and Nevada’s utilities.

On the podcast, Ledford touched on several legal and legislative developments that occurred recently. Among the topics were changes to Nevada’s fundamental utility ratemaking structure and changes to the state’s open access for large customers. He also elaborated on an update to the state’s renewable portfolio standard, which requires 50% of Nevada’s energy to come from renewable sources by 2030.…

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