The Obama Administration’s release of the final Clean Power Plan kicked off a busy second half of the year for climate and energy policy issues. As climate issues increasingly become an important part President Obama’s legacy, and as we march closer and closer to the end of the year international climate negotiations in Paris, read on for a list of the upcoming high level energy and climate events that are sure to transform the industry:
In late July, the Federal Energy Regulatory Commission (FERC) issued a ruling to help ISO-New England more effectively manage congestion on its grid due to growing renewable energy generation. Due to the intermittent nature of renewable generation, operators nationwide cannot predict when transmission lines might get overloaded. This can cause generators of renewable power to have to curtail their supply through a cumbersome and inefficient manual system. ISO-NE, having experienced this issue firsthand, appealed to the FERC for approval to upgrade from a manual dispatch to electronic management for wind and hydropower resources. In its ruling, FERC granted ISO-NE permission to use a modified electronic dispatch method called DNE Dispatch Points for wind and hydro resources classified as Intermittent Power Resources – those above 5MW. FERC required ISO-NE to submit a compliance filing within 30 days, with proposed tariff revisions effective April 2016. For implications and analysis on this change, read on!
In August, the U.S. Department of Energy released its 2014 Wind Technologies Market Report. The report, released annually for the past three years, tracks American progress in wind related areas including installed capacity, prices, jobs, and technological trends, among several others. This edition contains several positive developments for U.S. wind, as last year 4,854 MW of new capacity was added, representing $8.3 billion in new investments. For a summary of the report’s major highlights, read more below:
After an action packed few weeks for energy and environmental policy in Washington, Congress is in recess until after Labor Day. Meanwhile, the Obama Administration is currently managing reactions to the Clean Power Plan – both positive and negative. The President is also preparing for historic climate centered meetings with Pope Francis in September and with other world leaders at COP21 in December. Read about these developments and more in the latest update from ML Strategies.
Great clean energy ideas need venture capital to build, scale, and make revenue – but who knows how it really works? Last week, our own VC attorney Jeremy Glaser sat down with Oren Klaff, author of Pitch Anything, on his Done Deal web video series. Jeremy is the Co-chair of the firm’s Venture Capital & Emerging Companies Practice, providing both pointed legal advice and sound business acumen to his clients. Over his more than 30 years in VC, Jeremy has orchestrated hundreds of deals across a variety of industries including mobile apps, cleantech, and healthcare.
Oren and Jeremy’s conversation summarizes the ins and outs of VC financing, as they discuss how notions of funding rounds have shifted over the years. Jeremy also displays his unique insight into the minds of entrepreneurs and investors as he identifies successful traits and common pitfalls of companies looking for venture backing. Specifically, he stresses that entrepreneurs must concentrate on their company’s value rather than valuation. Looking for ways to make your great idea appeal to VC investors that can take it to the next level? Watch the full interview below!
This week in Washington was filled with long awaited energy and climate developments. The Obama Administration revealed the final Clean Power Plan after a lengthy rulemaking and comment process. Congress was also active as the Senate Energy and Natural Resources Committee approved its bipartisan broad energy package and the House moved on its own broad legislation. Read more on these and other pieces of energy and climate news from ML Strategies.
Last Wednesday UPS agreed to purchase up to 46 million gallons of renewable diesel over the course of the next three years from the energy companies Neste, Renewable Energy Group, and Solazyme. The agreement is the centerpiece of a plan to displace 12 percent of the petroleum-based fuels in UPS’s ground fleet by 2017 – a significant next step in what is fast becoming a trend of corporate investment in biofuels and other renewable forms of energy. Read on for more on the UPS deal and the growing trend it embodies.
President Obama unveiled the final Clean Power Plan (CPP) this past weekend – the first ever national standard to address CO2 pollution from power plants. The CPP sets strong standards to reduce carbon dioxide emissions by 32 percent from 2005 levels by 2030 while maintaining energy reliability and affordability. For the plan highlights and analysis, read on!
As Congress closes in on the August recess, bipartisan energy bills have emerged from both the House and Senate. While these and tax extenders are on Capitol Hill’s energy related agenda, the Obama Administration prepares to publish the much anticipated final Clean Power Plan. For more, click here for the latest update from ML Strategies.
On July 8, the U.S. Energy Department, during the Clean Energy Manufacturing Initiative’s Southeast Regional Summit, announced the national laboratories who will take the lead in implementing a new Small Businesses Vouchers Pilot. This initiative, part of the larger Lab Impact Initiative, is a public-private partnership that will connect nationwide clean energy entrepreneurs with top scientists, engineers, and world-class facilities at national laboratories. The program aims to leverage selected labs’ tremendous research and engineering capabilities to quicken the development of cutting edge clean energy technology.