This is your SolarWakeup for October 29th, 2018

Presented by Aten Solar. Your single source in adding value to your supply chain and procurement.  Aten Solar is your go-to source for the best closeout pricing on new and surplus modules for your project needs.
Sununu Sticks To Talking Points. A new metering bill in New Hampshire passed the legislature and has been vetoed by the Governor. Sununu gave his best to argue cost shift as the main reason but we know where most of this comes from. One of the useful arguments in other States has come right from the customers, instead of solar professionals. This could be a useful tactic to show that solar means more textbooks for kids paid for with the energy savings. 
Hmmm, GM Goes All In On EVs? General Motors proposed a change to the emissions targets to the Trump administration. Instead of focusing on higher efficiency vehicles, GM wants a zero emissions target which puts 7 million EVs on the road by 2030. This appears to be a positive shift towards EVs but also slows the ICE fuel standards by focusing the plan on EVs. The target of 7million by 2030 is rather small in my opinion and it would be best to let the market drive the adoption of EVs instead of the standard. 
Solar Makes News, Not Headlines. We had the Musk versus Buffett stories when Nevada was debating net metering and now we have Adelson versus Buffett. The story centers around the energy choice ballot initiative which Adelson wants to see passed. Casinos, which Adelson owns, want to buy their own energy including really cheap desert solar and storage instead of having to buy electricity from NV Energy which Buffett owns. Consumer choice is the argument here. I doubt Buffett is very much involved in the argument except for the push to his CEOs to generate more free cash flow but he’s on the wrong side on this one. 
Future of CCAs. By 2030, I expect that most consumers have retail energy choice and an IOU providing wire services. This is the natural progression from the IOU system we have today and surely looks like CCAs are the way to handle that in areas that IOUs have franchise agreements. At some point the market will likely have to make this a bit clearer but in the meantime, California is a test case for what happens when there is mass adoption of CCAs. 
Catch Up NY Times. Sunrun versus Tesla/SolarCity, centered around Tesla leaving the top spot is a year too old of a story but just in time for the NYT I guess. Just last week I wrote about the surprising data from the Tesla earnings call and how they appear to make a run at the top spot now instead of coming in shy of Sunrun. Still good for solar to make it to the national pages of the NYT. 
One Week Out. Join us next Tuesday in Jersey City for SolarWakeup Live! including a great happy hour right after the event. 

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Have a great day!
Yann

New Hampshire Net Metering Veto Could Crush Rooftop Industry

By Frank Andorka, Senior Correspondent New England is one of the hottest solar areas of the country, with New Jersey, New York and Massachusetts getting all the attention. Unfortunately, New Hampshire may not be joining them after their governor vetoed a bill designed to raise an arbitrary 1 MW cap on net metering. The Concord (N.H.) Monitor reports on the turmoil into which the veto has thrown the rooftop solar industry. As David Brooks writes: Not surprisingly, the governor’s veto of a bill to make large solar projects more profitable has put a number of municipal solar projects on hold, … Read More →

The Energy Show: Energy Toolbase with Adam Gerza

The Energy Show: By Barry Cinnamon

The Energy Show: By Barry Cinnamon The Energy Show: By Barry Cinnamon Solar combined with battery storage seems like magic to many residential and commercial customers. With a million and a half systems installed in the U.S., the question is no longer: “does solar work?” Instead, customers want to know how much money they will save with a system. And commercial customers are even more diligent about accurate savings predictions. There are a plethora of “solar calculators” on websites all over the internet. But these crude calculators do not take into account detailed weather data, shading, orientation, equipment parameters and … Read More →

This is your SolarWakeup for October 26th, 2018

I hope you have a great weekend, all things are looking up in solar. Solar on!
Better Solar Means Better Market. North Carolina is having all state chapter members sign a code of conduct and ethics. Not only new members but also existing members. It could be expected that the market will educate consumers of this fact and guard consumers to only do business with companies that are members, therefore having signed the pledge. This is in line with the thought that members should do business with members because such a circular membership economy makes the trade group much more valuable and powerful. 
Oil Versus Energy. It’s getting loud and public in the industrial battle of the 21st Century. When the Ford Model T came out, oil companies were happy to serve as the fuel source while the Edisons worked to bring light to your home. The industries didn’t cross much and kept away from each other in legislatures across the Country. That is all changing and the coverage from E&E News highlights that oil companies will seek to slow the adoption of EVs by slowing the deployment of charging infrastructure. 
How Would You 100%? With SB100 enacted, the CPUC wants to see the plan from utilities about their plan to reach 100%. I look forward to seeing a decarbonized, decentralized energy transition. How would you make it happen?
VA Charges Forward. Virginia has turned quite the corner towards renewables, as if the State has taken the mantle from the mid-Atlantic states and moved to push it to the next limit. The market is still lacking on the distributed side, something I assume is based on the headline cost of electricity without taking into account the network savings. States should be getting their residential markets up to 250MW or better per year without any limitation that causes ups and downs in the market. 
More Solar Jobs! More training dollars for solar jobs. This is one of the biggest limitation in the growth of solar companies that cannot find enough labor for their installations. We need to start thinking about the programs that will funnel electricians and installers that work in solar into the workforce so that solar companies can compete for them and help build the solar economy. 

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Have a great day!
Yann

North Carolina Advocates Push For Installer Conduct Standards

By Frank Andorka, Senior Correspondent North Carolina has rapidly shot up the list of top solar states in the United States in the past several years as measured by the amount of solar capacity installed. And that’s a huge accomplishment for a state that 10 years ago wasn’t on anyone’s radar as having a significant solar market. Most of that growth, however, has been through utility-scale solar until recently, when changes in state laws have now encouraged the development of residential and commercial solar. As those markets expand, at least one advocacy group is trying to deal ahead of time … Read More →

Solar Jobs Development Gets Infusion Of Government Cash

By Frank Andorka, Senior Correspondent The Solar Foundation has received a $2 million grant from the Department of Energy’s Solar Energy Technologies Office to expand its solar jobs training efforts, focusing particularly on veterans. This new program will include an effort to support solar industry apprenticeships for hundreds of transitioning military veterans, preparing them for leadership roles in a rapidly growing industry. The program will also provide expert assistance to help the solar industry leverage workforce development resources and hire more workers from underserved communities. [wds id=”3″] The Solar Foundation was selected as a part of the Energy Department’s FY2018 … Read More →

This is your SolarWakeup for October 25th, 2018

I am in Minneapolis to participate in the Connexus Energy ribbon cutting for their solar plus storage farm. As a co-op, Connexus is looking to lower the cost of energy for consumers as CEO, Greg Ridderbusch, told me in May. Co-ops are there to help consumers get more solar in every way possible, that’s why I am here even though my day job is in residential solar. Congrats to Connexus and their partners Engie and NextEra on the project. 
Presented by Pfister Energy. Changing the way energy is generated and delivered. Pfister Energy is a leading turnkey design-build renewable energy solutions company. Servicing C&I, community and utility sectors for solar, storage and O&M. Visit pfisterenergy.com for more information. 
Storage Company For Sale. The energy storage integrator that is providing the 42MWh project to Vistra Energy in Texas is up for sale. We got a view at the prospectus that the investment bankers are shopping and it shows a robust pipeline which isn’t surprising given the rise in interest in energy storage. FlexGen has been aggressive in solar given their knowledge with both AC and DC coupled systems. With energy storage increasing across the Country it is good to see the consolidation happening sooner which will likely increase the bankability of the providers in the market. If pipeline is as valuable in storage as it is in solar and the knowledge barrier in storage is greater, I don’t expect the line of bidders to be short in FlexGen. 
Checking In On SolarCity. Solar in Tesla may not be as dead as folks make it out to be. Tesla announced 93MW in the 3rd quarter which is only a few megawatts less than what Sunrun guided towards in the quarter. This means that some of the strategy of selling through the stores is working and the Model 3 ramp up may be helping. I don’t have the detail of whether the 93MW is all residential but I assume that is a decent guess. 
Solar In Arizona. A deep dive into solar in the New Yorker is not common and reading the first 1000 words made me think that it’s a good thing and it may still be. Some of the talking points come straight from the RPS opposition including things like solar only shines at some times and it is a cost increase to consumers. With solar plus storage already at sub natural gas prices in Arizona, the data in the talking points are misleading. The positive takeaway is that readers of the New Yorker are different than the readers of SolarWakeup and the broader audience is thinking about solar, I wish that it was broader than three interviewers though. 
Is Capital The Need? An interesting question, does the industry need more capital in order to meet climate goals. Couple of thoughts. The question is the wrong premise, it should ask: More Capital Needs To Be Deployed To Meet Goals. There is a limitless amount of capital interested in projects that meet sustainability goals. Additionally, the commentary could increase the scope of the capital. If capital is available for projects and the pipeline of projects is limiting the progress, then we need capital that is willing to take different risks besides fixed contract off taker agreements at return hurdles that are in line with the pipeline. Lastly, more capital needs to be willing to take bigger bets on technology risks. This last point is in line with what I’ve written about the Bill Gates concept of solving climate change with breakthrough technologies.

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Have a great day!
Yann

Deal Scoop: Energy Storage Giant FlexGen Is For Sale

By Frank Andorka, Senior Correspondent FlexGen, the energy storage developer/integrator backed by GE and Caterpillar, is for sale. The company, whose sale is being handled by Cascadia Capital, currently sports a $400 million pipeline of solar + storage and thermal generation + storage projects across North America. FlexGen was a first-mover in DC-coupled solar + storage technology and, as we have reported, is currently delivering the largest storage project in ERCOT for Vistra Energy. T The prospectus suggests they are casting a wide net in search of a buyer, including utilities, infrastructure funds, oil and gas majors and renewable players. … Read More →

This is your SolarWakeup for October 24th, 2018

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The Future Of Corporate Solar. On the day that Walmart announces another 23MW with SunPower, I am also thinking about the continued focus on serving corporate load from afar. Last week Google announced the work they are doing to match load with generation. Facebook is securing energy through special utility rate schedules. DG will always be the most interested and visible way solar is integrated but the density and offset will never be 100%. Expect more to come on entities that match load and generation in innovative ways. 
Making Solar A Debate Topic. On Sunday night during the Florida gubernatorial debate, Tallahassee Mayor Andrew Gillum made solar a focal point about jobs and climate change. This comes n the moves that Tallahassee Electric built a solar farm with Florida developer, Origis Energy, the same time that Trump was announcing the departure from the Paris climate accords. This is a smart move politically given where consumers stand in their support of the issue and a good pivot from climate change to the popular issue appealing to both sides with jobs and consumer choice. 
Venture Nonsense. The often forward thinking venture accelerator, Y Combinator, has posted its request for startups in the seldom considered carbon removal technologies. I respect the initiative but why not focus on an established market and show the returns that one could make in the solar industry for example. Why not highlight and plan to invest in renewable startups to pick up the void that the SunShot initiative leaves after their shift to hardware?
Brazil Solar Turn Around. 3 years ago investing in Brazil was a non-starter. That has now changed which is the gentle reminder that some markets are one election or impeachment away from investment grade. 
ISO Storage Preview. Like ISO-NE, PJM and the NJ BPU are looking at energy storage programs that will start the market. ISOs will be looking to integrate energy storage across their markets and solar developers will look to see how to take advantage of it. The key question for regulators is what problem do they want to solve and for developers the question is do they have the right money. All these questions will be asked during SolarWakeup Live! on November 6th. 

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Have a great day!
Yann

Department of Energy Unleashes $53 Milliion To Further Solar Research

By Frank Andorka, Senior Correspondent One recent project of mine was to edit a book for a client on climate change. The book focuses on promoting the policies that historically help clean energy in the hopes of showing policymakers what they can do to mitigate climate change on a global scale. One of the policies that continually came up was government investment in early-stage technologies designed to decarbonize different segments of the economy. In the Trump Administration, you would assume that such government investment would come to a screeching halt given their outsized disdain for technologies like solar and wind. … Read More →