Renewables

“The challenge is the U.S. IRA had the effect of people looking at the capital that was going to go to those projects, potentially going to the U.S. To level that playing field, we made a formal proposal to Finance Canada for an investment tax credit that would support production of renewable natural gas.”

“In our proposals and plans for the HyVelocity Hub, about 80% of the hydrogen production is going to come from hydrogen produced with natural gas. Another 20% will come from electrolysis. It’s important that we’re increasingly understanding the carbon intensity of hydrogen. The Open Hydrogen Initiative will help with that.”

“Putting these factors together – an island with a need for renewables and a lot of wind off its coast – it’s not a surprise that LIPA was the first utility in the U.S. to sign a power purchase agreement to develop offshore wind in federal waters.”

“We modeled the job creation and economic benefits of the renewable energy projects that PJM will attempt to pass through the interconnection queue in the next four years as PJM implements reforms recently approved by FERC.”

Excerpts of remarks by EPRI’s Jeffery Preece, U.S. DOE’s Catherine Clarke, Cummins’ Traci Kraus, Energy Futures Initiative’s Alex Kizer, and Third Way’s Rudra Kapila.

“Renewable power is at less risk if it’s on an installation behind a fence. Our fence provides security. That is why it’s attractive to utilities.”

“The conversion process through the simple method of electrolysis is not one hundred percent effective, but it is much better than throwing away renewable energy when there is not enough demand.”

A conversation about optimizing the cycling of pumped hydro to get the most from regional clean energy sources and uses.

“Green hydrogen is exciting because it gets to that storage issue in terms of potentially having ability to store excess renewable energy from sources like solar and wind for electricity.”

The Repower Project will increase energy production by about 30%, reduce the turbine count by 40% and reinvest hundreds of millions of dollars in Murray County.