Smart Energy Week. We are just over a month out from Smart Energy Week, formerly known as SPI. This year in Salt Lake City and hotel bookings show that some of you plan on attending, would love to know if the location is making you skip this year? You may have been surprised by the change in name, just as I was, given that the companies that make this event possible represent the solar market, many of you either SEIA or state chapter members. The front lobby will be greeting visitors with a hydrogen sector (newsflash: booths still available!) while the main floor is completely booked with solar companies investing to exhibit. Even meeting rooms at the hotels are almost fully booked with solar companies at a whopping $18k for the three days! After the event, about $10million in profits will go to the organization that produces the show, SETS, which will then split it amongst its owners, SEIA and SEPA. Smart Energy Week, relabeling the solar industry, taking our money and then passing it along half of it to a (largely) utility membership. See you there!
The Co-Op Canary. Tri-State is a large entity that many co-ops across the West/Mid-West are members of and buy their energy and transmission through. Tri-State has long required that individual co-ops cap their renewable energy purchasing outside of the Tri-State relationship. Last year, when I spoke to the CEO of Connexus Energy, he told me that they were capped in renewables and could not give its membership more of what they want. Now it looks like Tri-State is realizing that the future requires that it changes and with that a large number of co-ops may become possible markets for solar and storage developers.
Resi Cost Of Capital. During yesterday’s earnings call by Sunrun, CEO Lynn Jurich highlighted the company’s achievement of the lowest cost of capital in company history. At the same time, a day before earnings, Vivint Solar enters into a $325million debt facility. Mosaic, the residential loan provider, also announced a relationship with SunTrust (soon to be BB&T) to expand their offering.
Roll The Eyes. The future of solar in Virginia is bright led by the growth of residential solar and corporate purchasing of solar from large solar farms. Dominion has a strong presence at the Capitol and is hyping its new energy storage plan. The plan is to build 4 pilot projects and study them for 5 years. Pardon me while I yawn at the idea that Virginia should study batteries for 5 years.
- Utility Dive: As co-ops struggle with stranded fossil fuel assets, Tri-State may finally embrace the energy transition
- PV-Tech: Vivint Solar secures US$325m debt refinancing deal
- Vox: Using electricity at different times of day could save us billions of dollars
- Greentech Media: Dominion Energy Plans to Build 4 Storage Pilots and Study Them for 5 Years
- Energy News Network: Massachusetts looks to follow California with solar mandate for new homes
- GreenBiz: Electric busmaker Proterra gears up for new market – commercial trucks
- Axios: Self-driving cars could be more fuel-efficient than human drivers
Opinion
Have a great day!
Yann
The post This is your SolarWakeup for August 8th, 2019 appeared first on SolarWakeup.com.
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