Solar energy took off when it came up with a way for customers to buy-in with no upfront costs. Will no-money down microgrids capture the same kind of mass market appeal? Schneider Electric, a major player in the microgrid space, thinks so. The Massachusetts-based company is modeling the approach with a microgrid to be installed at its new … [Read more...]
Microgrid Financing Times Three, Plus a Lot of Energy Storage News
This was a big week in microgrid financing with three company announcements. First, UGE International secured a $1.83 million (12 million RMB) loan from the Bank of China. UGE will use the money in part to fulfill payment of the cash portion of the UGE's proposed acquisition of large-scale solar energy system provider Endura Energy … [Read more...]
Tennessee Energy Efficiency and Advanced Energy Program Expected to Cut Utility Costs by 28%
Schneider Electric's Jim Plourde describes a new Tennessee energy efficiency and advanced energy program that is expected to put the state on a path toward utility savings of $54 million annually. There’s great news for the advanced energy economy and all residents of the state of Tennessee! Governor Haslam’s EmPower TN initiative will further … [Read more...]
How the Clean Power Plan Will Spur More Microgrids…Eventually
The Clean Power Plan is likely to spur more microgrid development, offering a new and different kind of public policy support for these mini-versions of the larger grid. But not overnight. Announced by the Environmental Protection Agency this week, the rule requires that states come up with plans to cut carbon dioxide emissions from electric power … [Read more...]