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Yann
Opinion
Best, Yann
News
Opinions:
Have a great day!
Yann
Intersolar Day 1. Anything you think I should see at Intersolar? As I tour San Diego, ERCOT enters its second day of conservation and looks to operate itself through a challenge. Meanwhile we have soaring demand for more electricity from the energy transition and economic growth. These challenges present opportunities and conferences offer a glimpse on the companies seeking to rise to the occasion.
Tax Markets Working. At the Voltility event a few months ago the talk on tax credit transfer market was quite optimistic and the data seems to confirm that. This means a solid market for capital structures that seek to build out the infrastructure we all work in. There are some new structures that are quite interesting, would be great to have a few of you pitch the best new ideas in capital formation.
Demand Met By Renewables, Storage, DERs and Grids. Today’s top note highlights the prediction for the year. The grid is stretched and operators are like a stretch Armstrong connecting rising demand (faster than predicted) and generation that is more flexible in both when it produces and how/where it delivers energy to consumers. Now the market needs to match the demand for new build of generation, storage and transmission with the requirement for new market products for those assets and DERs to ensure grid stability remains.
Europe Builds Ecosystem. In an effort to help create a manufacturing ecosystem in Europe, the government is stepping up with a $5billion package for Northvolt. Think of this as the European version of a loan guarantee.
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See You In San Diego. If you find yourself at Intersolar this week, come by the FlexGen booth and say hello.
NEM 3.0 Disaster. The situation in California is dire, layoffs are impacting most businesses and demand is off a possible 40%. Some installers are saying that the cost of the install is more doubling with the addition of storage but without additional revenue streams, the payback is nearly 10 years. In reality, CAISO needs the aggregated demand provided by residential storage to maintain long term stability but the revenue streams are not matching that need. The pleas from the industry don’t appear to have infiltrated Sacramento or the governor’s mansion thus far, which is unfortunate.
ERCOT Challenged. While you’re reading this, ERCOT will likely be at it’s closest demand reserve, far less margin than operators would like to see. The cold snap hitting so much of the Country can isolate the most fragile portions of the grid infrastructure, with a single event possibly starting a chain reaction that leaves many without power.
The Smart Home. CES happened last week and the smart home remained a big portion of the tech event. For me, the smart home seems to have focused itself on what’s available on Amazon and connects with Alexa. I consider myself willing to try new tech but the single platform ecosystem has eluded me thus far, only a few apps have found a niche home in my smart home, centered around lighting.
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Yann