Utilities' failure to plan for DER surge promises missed opportunities, increased costs, analysts say; California urges energy providers procure additional 4 GW to avoid potential shortages starting in 2021; Global offshore wind prices drop 32%: BloombergNEF; Lack of mega deals pressures quarterly utility M&A value to lowest since Q2 2017: PwC
The company posted a surprise profit, sending shares soaring. Beyond vehicle sales growth and cost cutting, the company boasted record 477 MWh storage installations and rebounding solar.
Utilities can use skyrocketing customer-owned DER to balance rising penetrations of variable renewables on their systems, if they take on the big work of distribution system planning.
The procurement proceeding, part of an effort to overhaul utility integrated resource planning in the state, also recommends compliance extensions necessary to keep several once-through cooling units online.
Price declines and significant improvements in technology have combined with increased financing sophistication to make large solar projects economically attractive.
While deal value in the North American utility sector declined to $7 billion in Q3, those deals reflect the diversity of opportunity in the energy sector, according to PwC analysis.
National Grid Partners' president wants the venture capital arm to stand out from other utility investment and innovation segments by requiring "culture acceleration," to fully utilize new technologies.
Powerful groups on both sides of the political spectrum, ranging from oil majors to environmental NGOs, have concrete ideas on how to set a price on carbon. Now it's just a matter of making the political sausage.
The "unintended consequences" from the 2017 tax law have become the "biggest policy priority" for rural electric cooperatives trying to maintain their nonprofit status.
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