The document discusses opportunities in the energy sector resulting from the American Recovery and Reinvestment Act of 2009 stimulus package. It outlines how $787 billion was allocated, with $67 billion for energy, including $45 billion for direct energy spending and $22 billion in tax incentives. The Department of Energy received $51 billion, with $39 billion for energy programs including renewable energy, fossil fuels, electricity infrastructure, and research. The stimulus also provided $12.5 billion in loan guarantees for renewable and transmission projects.
The members of the Gulf Cooperation Council (GCC), namely Qatar, Bahrain, Saudi Arabia, Kuwait, Oman,
and United Arab Emirates (UAE), are facing challenges to meet the growing electricity demand and reduce the
associated hydrocarbon emissions. Recently, there has been a pressing need for a shift towards smart power
grids, as smart grids can reduce the stress on the grid, defer the investments for upgrades, improve the power
system efficiency, and reduce emissions. Accordingly, the goal of this paper is to delineate an overview of
current smart grid efforts in the GCC region. First, we present a detailed overview of the current state of the
power grids. Then, we classify the efforts into three broad categories: (i) energy trading and exchange through
GCC interconnection; (ii) integration of renewable resources; and (iii) demand side management technologies
for shaping the demand profile. Furthermore, we provide the details of our API object level real-time GCC
power demand automated program that creates the database for the load profiles of the GCC members.
Accessing such information for research and development purposes is a critical step in the region, because
due the conservative structure of the governing institutes, there is no publicly available dataset. Therefore,
the data provided in this paper is critical and will serve as a main reference for the future research efforts.
Research Keynote: Demystifying Mexican Large-Scale Renewable Development in t...Jill Kirkpatrick
With this keynote research presentation co-presented by Wood Mackenzie’s Latin America solar and wind experts, we will break down the implications of the auction cancellation, measuring how its shockwaves will condition investment and project finance in the short-and-mid-term (in current project portfolios).
The presentation will include our forecasts for solar and wind project pipelines past 2020.
The members of the Gulf Cooperation Council (GCC), namely Qatar, Bahrain, Saudi Arabia, Kuwait, Oman,
and United Arab Emirates (UAE), are facing challenges to meet the growing electricity demand and reduce the
associated hydrocarbon emissions. Recently, there has been a pressing need for a shift towards smart power
grids, as smart grids can reduce the stress on the grid, defer the investments for upgrades, improve the power
system efficiency, and reduce emissions. Accordingly, the goal of this paper is to delineate an overview of
current smart grid efforts in the GCC region. First, we present a detailed overview of the current state of the
power grids. Then, we classify the efforts into three broad categories: (i) energy trading and exchange through
GCC interconnection; (ii) integration of renewable resources; and (iii) demand side management technologies
for shaping the demand profile. Furthermore, we provide the details of our API object level real-time GCC
power demand automated program that creates the database for the load profiles of the GCC members.
Accessing such information for research and development purposes is a critical step in the region, because
due the conservative structure of the governing institutes, there is no publicly available dataset. Therefore,
the data provided in this paper is critical and will serve as a main reference for the future research efforts.
Research Keynote: Demystifying Mexican Large-Scale Renewable Development in t...Jill Kirkpatrick
With this keynote research presentation co-presented by Wood Mackenzie’s Latin America solar and wind experts, we will break down the implications of the auction cancellation, measuring how its shockwaves will condition investment and project finance in the short-and-mid-term (in current project portfolios).
The presentation will include our forecasts for solar and wind project pipelines past 2020.
Emerging renewable energy implementation in gccRajesh Sarma
“Emerging Renewable Energy Implementation in GCC”: Report Highlights:
Emergence of Renewable Energy in GCC
Renewable Energy Resource Potential Analysis
Renewable Energy Development by Country
Renewable Energy Capacity Target by Country
Renewable Energy Policy Framework
Renewable Energy Sector Trends
In mid-2015, the Large-scale Renewable Energy Target (LRET) was reduced from 41,000 gigawatt-hours (GWh) to 33,000 GWh by 2020. The positive for the industry was that the amended legislation ended almost two years of uncertainty and frozen investment. The amendment also removed the provision for a review of the scheme every two years, locking in certainty for the rest of the decade. While 2015 was a tough year, it ended with much optimism. According to analysis by the Clean Energy Council and ROAM Consulting (now part of EY) , the revised target is expected to create more than $10 billion worth of investment and more than 6500 new jobs in large-scale renewable energy alone. Including the economic benefits from the small-scale scheme, the total benefit expected is $40.4 billion worth of investment and 15,200 jobs.
According to the Central Electricity Authority (CEA), the average per capita electricity consumption in India is about 704 kWh as compared to global world wide per capita consumption of 2,752 kWh. The Government of India is keen to increase per capita consumption of energy to raise living standards in the country. An average Indian consumes 0.53 tonnesof oil equivalent (TOE) of energy compared to the global average of 1.82 TOE.Higher economic growth is driving income growth, which in turn is driving up industrial investment and fuel consumption. In general, demand exceeds supply and there is a broad-based energy shortage, which is either met by imports or remains unmet.
Gcc renewable energy sector opportunity analysisRajesh Sarma
The world’s largest producer of oil and gas is finding it increasingly difficult to suffice its own needs. An unprecedented increase in population and growth in industrial and economic activity has triggered newfound interest in renewable energy development for six major Middle Eastern economies. Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman, together knows as the Gulf Cooperation Council, have turned their focus towards the exploitation of renewable sources of energy present in the region.
Overview of Power Generation Sector of Bangladesh and Proposed Grid Connected...IJERA Editor
Electricity is the most usable form of energy, and one of the most crucial strategic issues for the sustainable
development of a country. The projection of demand of electricity is an integral part of the planning process.
Severe power crisis compelled the government to enter into contractual agreements for high-cost temporary
solution such as rental power and small IPPS, on an emergency basis, most of these are diesel or liquid-fuel
based. Load shading is an acute problem for the country. The country is confronting a simultaneous shortage of
electricity. However, the country has substantial amount of renewable energy resources. The overview of power
generation section of Bangladesh is presented; the potentiality of renewable energy sources in Bangladesh is
discussed. Finally, a grid connected hybrid renewable energy system is proposed to overcome the problem of
power crisis using sustainable clean energy at rural area.
For more information contact: Slideshare@marcusevans.com
Meeting the Challenge: Maintaining System Reliability While Meeting Both Economic System Performance and Governmental Policy Needs - Presentation delivered by Mike Henderson, Director, Regional Planning and Coordination, ISO New England at the Transmission & Distribution Summit 2014 Nov 2-4 Red Rock, Las Vegas
ABC Power- From Saudi Arabia to the World- AN EPC Business Development PlanRupesh K. Sinha
Looking forward for any Saudi or Middle East Contracting Company/ Power Sector Development Individual/ Promoter/ Investor to join together and set-up ABC Power from Saudi Arabia to WORLD as per the Vision Presentation attached.
Interested company or individual are invited to explore avenue and move forward to join and build Power to Nation.
Emerging renewable energy implementation in gccRajesh Sarma
“Emerging Renewable Energy Implementation in GCC”: Report Highlights:
Emergence of Renewable Energy in GCC
Renewable Energy Resource Potential Analysis
Renewable Energy Development by Country
Renewable Energy Capacity Target by Country
Renewable Energy Policy Framework
Renewable Energy Sector Trends
In mid-2015, the Large-scale Renewable Energy Target (LRET) was reduced from 41,000 gigawatt-hours (GWh) to 33,000 GWh by 2020. The positive for the industry was that the amended legislation ended almost two years of uncertainty and frozen investment. The amendment also removed the provision for a review of the scheme every two years, locking in certainty for the rest of the decade. While 2015 was a tough year, it ended with much optimism. According to analysis by the Clean Energy Council and ROAM Consulting (now part of EY) , the revised target is expected to create more than $10 billion worth of investment and more than 6500 new jobs in large-scale renewable energy alone. Including the economic benefits from the small-scale scheme, the total benefit expected is $40.4 billion worth of investment and 15,200 jobs.
According to the Central Electricity Authority (CEA), the average per capita electricity consumption in India is about 704 kWh as compared to global world wide per capita consumption of 2,752 kWh. The Government of India is keen to increase per capita consumption of energy to raise living standards in the country. An average Indian consumes 0.53 tonnesof oil equivalent (TOE) of energy compared to the global average of 1.82 TOE.Higher economic growth is driving income growth, which in turn is driving up industrial investment and fuel consumption. In general, demand exceeds supply and there is a broad-based energy shortage, which is either met by imports or remains unmet.
Gcc renewable energy sector opportunity analysisRajesh Sarma
The world’s largest producer of oil and gas is finding it increasingly difficult to suffice its own needs. An unprecedented increase in population and growth in industrial and economic activity has triggered newfound interest in renewable energy development for six major Middle Eastern economies. Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman, together knows as the Gulf Cooperation Council, have turned their focus towards the exploitation of renewable sources of energy present in the region.
Overview of Power Generation Sector of Bangladesh and Proposed Grid Connected...IJERA Editor
Electricity is the most usable form of energy, and one of the most crucial strategic issues for the sustainable
development of a country. The projection of demand of electricity is an integral part of the planning process.
Severe power crisis compelled the government to enter into contractual agreements for high-cost temporary
solution such as rental power and small IPPS, on an emergency basis, most of these are diesel or liquid-fuel
based. Load shading is an acute problem for the country. The country is confronting a simultaneous shortage of
electricity. However, the country has substantial amount of renewable energy resources. The overview of power
generation section of Bangladesh is presented; the potentiality of renewable energy sources in Bangladesh is
discussed. Finally, a grid connected hybrid renewable energy system is proposed to overcome the problem of
power crisis using sustainable clean energy at rural area.
For more information contact: Slideshare@marcusevans.com
Meeting the Challenge: Maintaining System Reliability While Meeting Both Economic System Performance and Governmental Policy Needs - Presentation delivered by Mike Henderson, Director, Regional Planning and Coordination, ISO New England at the Transmission & Distribution Summit 2014 Nov 2-4 Red Rock, Las Vegas
ABC Power- From Saudi Arabia to the World- AN EPC Business Development PlanRupesh K. Sinha
Looking forward for any Saudi or Middle East Contracting Company/ Power Sector Development Individual/ Promoter/ Investor to join together and set-up ABC Power from Saudi Arabia to WORLD as per the Vision Presentation attached.
Interested company or individual are invited to explore avenue and move forward to join and build Power to Nation.
Presented at the Western Power Summit on November 6, 2014 during a panel discussion on "California’s Energy Storage Directive and Implications for the West".
Feasibility Study of Standalone Hybrid Power System Modeled With Photovoltaic...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Energy Efficiency - Good for the World’s Economy; Good for the Nation’s Econo...Alliance To Save Energy
Kateri Callahan
President, Alliance to Save Energy
States awaiting stimulus funds will be pleased to know that when it comes to funding energy efficiency programs, their dollars will go far. Drastically reduced energy consumption and immediate job growth are just some of the benefits that effective policies and programs can bring, particularly to the Appalachian region, which has the highest energy consumption in the country. Kateri Callahan presented these findings to the annual Charlotte Regional Partnership Investors Board in Charlotte, N.C., where already progressive energy efficiency policies and programs are taking root. Callahan also briefed the audience of investors and board members on the climate and energy bills moving through Congress.
Energy Efficiency – Good for the World’s Economy; Good for the Nation’s Econo...Alliance To Save Energy
States awaiting stimulus funds will be pleased to know that when it comes to funding energy efficiency programs, their dollars will go far. Drastically reduced energy consumption and immediate job growth are just some of the benefits that effective policies and programs can bring, particularly to the Appalachian region, which has the highest energy consumption in the country. Kateri Callahan presented these findings to the annual Charlotte Regional Partnership Investors Board in Charlotte, N.C., where already progressive energy efficiency policies and programs are taking root. Callahan also briefed the audience of investors and board members on the climate and energy bills moving through Congress.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
2. Stimulus-driven Opportunities in Energy and Power
American Recovery and Reinvestment Act of 2009
Signed into law: February 17, 2009
Total allocations: $787 billion
3. Stimulus-driven Opportunities in Energy and Power
Recovery Act categories
Education and
training, 53
Source: Recovery.gov
Energy, 43 Other , 8
Health care, 59 Tax relief, 288
Protecting the
vulnerable, 81
Infrastructure
and science,
111 State and local
fiscal relief, 144
4. Stimulus-driven Opportunities in Energy and Power
Recovery Act categories, tax adjusted
Other , 8
Health care, 59
Energy, 65
Education and
training, 78
Protecting the
vulnerable, 142
Tax relief, 165
State and local
fiscal relief, 144
Infrastructure
and science,
126
Source: Recovery.gov
5. Stimulus-driven Opportunities in Energy and Power
Recovery Act, energy-related allocations, all titles
Title Agency $ Mil
Title III - Department of Defense, Operation and Maintenance DOD 4,556
Title IV - Energy and Water Development DOE 51,025
Title V - Financial Services and General Government GSA 4,800
Title VII - Department of the Interior and Environmental Protection Agency DOI, EPA 8,384
Title VIII - Departments of Labor, H&HS, Ed, & related DOL, HHS, DOE 538
Title X - Military Construction and Veterans Affairs DOD/VA 1,270
Title XII - Transportation, Housing and Urban Development and related agencies DOT, HUD 1,605
Title XIV - State Fiscal Stabilization Fund DOE 8,790
Total 80,968
6. Stimulus-driven Opportunities in Energy and Power
Title IV – Energy and Water Development
Agency $M Purpose
Dept of Defense 4800 construction, water related environmental infrastructure
Dept of the Interior 1,000 water and related resources
Dept. of Energy 16,800 Energy efficiency and renewable energy
4,500 electricity delivery and energy reliability
3,400 fossil energy research and development
483 non-defense environmental cleanup
390 uranium enrichment decontamination and decommissioning fund
1,600 science
400 advanced research projects agency
6,000 innovative technology loan guarantee program
15 inspector general
5,127 defense environmental cleanup
10 WAPA O&M
3,250 borrowing authority for BPA transmission
3,250 borrowing authority for WAPA transmission
Total 51,025
7. Stimulus-driven Opportunities in Energy and Power
Title IV – Energy only
Agency $M Purpose
Dept. of Energy 16,800 Energy efficiency and renewable energy
4,500
electricity delivery and energy reliability
3,400
fossil energy research and development
1,600
science
400
advanced research projects agency
6,000
innovative technology loan guarantee program
15
inspector general
10
WAPA O&M
3,250
borrowing authority for BPA transmission
3,250
borrowing authority for WAPA transmission
Total 39,225
8. Stimulus-driven Opportunities in Energy and Power
Congressional Research Service exclusions
Title Agency sub-sector $M Purpose
VII Interior Bureau of Land Management 180 may include energy-efficient retrofits
U.S. Fish and Wildlife Service 115 may include energy-efficient retrofits
National Park Service 589 may include energy-efficient retrofits
EPA state revolving loan funds 240 to address green infrastructure
clean water state revolving funds 800 to address green infrastructure
drinking water state revolving funds 400 to address green infrastructure
X Defense Navy and Marine Corps 100 energy conservation and alternative energy
defense-wide 120 Energy Conservation Investment Program
Veterans Affairs medical facilities 1,000 non-recurring maintenance including energy projects
National Cemetery Administration 50 non-recurring maintenance including energy projects
XII
HUD
Public Housing Capital Fund 1,000
investments that leverage private funding for conservation
retrofits
Native American Housing Block
Grants 255 including energy efficiency
Assisted Housing Stability 250 energy retrofit and green investments
XIV
Education
8,790
modernization, reno, repairs consistent with greenbuilding
ratings
Total 13,889
9. Stimulus-driven Opportunities in Energy and Power
Recovery Act, specific energy-related allocations
Title Agency Sector $M
Title III Department of Defense energy efficiency 300
Title IV Department of Energy various 39,225
Title V General Services Admin. energy efficiency 4,800
Title VII Dept. of the Interior, EPA energy efficiency 300
Title VIII Dept. of Labor training 538
Title X DOD, Veterans Affairs construction/housing ns
Title XII Dept. of Transportation, HUD transportation 100
Title XIV Dept. of Educ. construction/housing ns
Total 45,263
Source: Congressional Research Service
10. Stimulus-driven Opportunities in Energy and Power
Recovery Act energy outlays = $67 B
Tax incentives
$22 B
Energy-specific
direct spending
$45 B
11. Stimulus-driven Opportunities in Energy and Power
Recovery Act, specific energy-related allocations
Title Agency Sector $M
Title III Department of Defense energy efficiency 300
Title IV Department of Energy various 39,225
Title V General Services Admin. energy efficiency 4,500
Title VII Dept. of the Interior, EPA energy efficiency 300
Title VIII Dept. of Labor training 538
Title X DOD, Veterans Affairs construction/housing ns
Title XII Dept. of Transportation, HUD transportation 100
Title XIV Dept. of Educ. construction/housing ns
Total 45,263
Source: Congressional Research Service
4,800
44,325
12. Stimulus-driven Opportunities in Energy and Power
Dept. of Energy allocations, adjusted
$M sub $M Purpose
16,800 Energy efficiency and renewable energy
3,200 energy efficiency block grants
5,000 weatherization assistance
3,100 state energy programs
2,500 research and development
2,000 advanced batteries
300 Alternative Fueled Vehicles Pilot Grant Program
400 Transportation Electrification
300 Energy Efficient Appliance rebate program
4,500 electricity delivery and energy reliability
100 training
80 resource assessment, transmission demand requirements
10 section 1305 of Public law 110-140
3,400 fossil energy research and development
1,600 science
400 advanced research projects agency
6,000 innovative technology loan guarantee program
15 inspector general
10 WAPA O&M
3,250 borrowing authority for BPA transmission
borrowing authority 3,250 for WAPA transmission
39,225
70 uranium enrichment
35,940
13. Stimulus-driven Opportunities in Energy and Power
$M sub $M Purpose
13,800 Energy efficiency and renewable energy
35,940
3,200 energy efficiency block grants
5,000 weatherization assistance
3,100 state energy programs
borrowing authority for WAPA transmission
3,250
borrowing authority for BPA transmission
3,250
innovative technology loan guarantee program
6,000
advanced research projects agency
400
science
1,600
fossil energy research and development
3,330
electricity delivery and energy reliability
4,310
research 2,500 and development
18,330
Dept. of Energy allocations, adjusted -- again
14. Stimulus-driven Opportunities in Energy and Power
DOE allocations for capital projects
$M Purpose
2,500 research and development
3,330 fossil energy research and development
6,000 innovative technology loan guarantee program
3,250 borrowing authority for BPA transmission
3,250 borrowing authority for WAPA transmission
18,330
15. Stimulus-driven Opportunities in Energy and Power
Office of Energy Efficiency
Office of Fossil Fuels $2.5 B
$3.4 B
FutureGen
$1 B
Clean Coal Power Initiative
$800 M
?
$1.6 B
?
$1.6 B
Biomass
$800 M
Geothermal
$400 M
DOE Recovery Act funding for R&D
16. Stimulus-driven Opportunities in Energy and Power
FutureGen
December 2003: $1 B, zero-emissions coal project
275-MW IGCC, originally budgeted at $900 million
December 2007: Mattoon, Indiana, site chosen
Cost rises to $1.8 billion
January 2008: program scrapped and restructured
Current fate: old or new? TBA
17. Stimulus-driven Opportunities in Energy and Power
DOE loan authority under the Recovery Act
Renewable energy and electric power transmission loan guarantee program $6 B
WAPA loan authority $3.25
BPA loan authority $3.25
Total $12.5 B
18. Stimulus-driven Opportunities in Energy and Power
WAPA transmission projects
• Solicitation results due in June
BPA transmission projects ($802 M)
• McNary-Day: $246 M, 79 miles, 500-kV
• Big Eddy: $115 M, 28 miles, 500-kV
• I-5 Reinforcement: $342 M, 90 miles
• Little Goose: $99 M, 40 mile, 500-kV
19. Stimulus-driven Opportunities in Energy and Power
DOE’s innovative loan guarantee program: a storied history
Solicitation for issued closed $B
Mixed technologies 2006 Nov 08 4
front-end nuclear facilities (uranium enrichment) June 08 Dec 08 2
Nuclear power plants June 08 Dec 08 18.5
Advanced renewables June 08 Feb 09 10
Advanced fossil technologies (CCS) Sept 08 March 09 8
Total 42.5
20. Stimulus-driven Opportunities in Energy and Power
Recovery Act “new” loan guarantee program
Renewable energy and electric power transmission loan guarantee program
Renewable energy (incremental hydropower, thermal energy, manufacturing)
Transmission (upgrading and "reconductoring")
"Leading edge" biofuel ($500 M cap)
21. Stimulus-driven Opportunities in Energy and Power
DOE loan authority $B w/leverage
existing loan guarantee program 42.5
from the Recovery Act 6 60 - 120
Total 102 -165
22. Stimulus-driven Opportunities in Energy and Power
Recovery Act tax incentives
Recovery Act Energy Incentives $M
extension of the Production Tax Credit 13,143
Investment Tax Credit in lieu of PTC 285
cash grant in lieu of ITC 5
repeal of limitations for small wind farms 604
Coordination with renewable energy grants 5
Increased limits for Clean Renewable Energy Bonds 578
new limit on CREBs ($1.6B) 803
Extension and modification of credit for non-business energy property 2,304
Modification of credit for residential energy efficient property 268
Temporary increase in credit for alternative fuel vehicle refueling property 54
various credits for plug-in electric vehicles 2,002
Increased exclusion amount for commuter transit benefits and transit passes 192
credit for investment in advanced energy property (manufacturing) 1600
Total 21,843
23. Stimulus-driven Opportunities in Energy and Power
Recovery Act tax incentives, adjusted
Recovery Act energy incentives for capital projects $M
extension of the Production Tax Credit 13,143
Investment Tax Credit in lieu of PTC 285
cash grant in lieu of ITC 5
repeal of limitations for small wind farms 604
Coordination with renewable energy grants 5
Increased limits for Clean Renewable Energy Bonds 578
new limit on CREBs ($1.6B) 803
Total 15,423
24. Stimulus-driven Opportunities in Energy and Power
Recovery Act tax incentive extensions
Production Tax Credit extensions
wind farms 2012
geothermal, biomass, landfill gas, etc. 2013
Investment Tax Credit in lieu of PTC
Cash in lieu of ITC (30%, payable in 60 days)
deadlines: in construction by 2010
25. Stimulus-driven Opportunities in Energy and Power
Putting it all back together
Electric power-specific capital project allocations in the Recovery Act
DOE direct spending
$18.3 B - $6 B = $11.8 B
Tax incentives
$15.4 B = $15.4 B
DOE loan authority
$6 B - $500 M = $5.5 with leverage = $55 - $110 B
Total $32.7 B $82.2 - $137.4 B
26. Stimulus-driven Opportunities in Energy and Power
EIA estimates
Wind: 201 B kWh by 2012 vs. 86 B kWh w/o stimulus
Geothermal: 3 GW by 2013 vs. 2.6 GW
Biomass: 18% higher by 2030 with ARRA
27. Stimulus-driven Opportunities in Energy and Power
ARRA’s impact
Wind: 10 GW to 12 GW by
IGCC: 3 GW to 5 GW by 2020
Nuclear power: 11 GW to 12 GW by 2020
Source: GF Energy
28. Stimulus-driven Opportunities in Energy and Power
Deadlines,
PTC: 2012/wind, 2013/geothermal, biomass, etc.
ITC: 2012/wind, 2013/geothermal, biomass, etc.
Cash grant: in service by Dec. 31, 2010
WAPA loan authority: Sept. 30, 2012
Temporary loan authority ($6B): Sept. 30, 2011
Goal: 50% spent 120 days from funding (June 17)!
29. Stimulus-driven Opportunities in Energy and Power
Delays
Use of the depreciation
Treasury has not written cash in lieu rules
Who takes the risk in public-private scheme?
Loan grant rules not yet written
30. Stimulus-driven Opportunities in Energy and Power
and Pledges
Secretary Chu’s initiatives
Rolling appraisals
Simplifying paperwork
Outside partners (banks)
Subsidy costs rolled into the loans
31. Stimulus-driven Opportunities in Energy and Power
Canceled coal-fired projects
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
1Q 2Q 3Q 4Q
MW
2007 cancellations
2008 cancellations
2009 (YTD) cancellations
Source: Platts
32. Stimulus-driven Opportunities in Energy and Power
1,050,000
1,000,000
950,000
900,000
850,000
800,000
750,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Source: Platts
Renewable
Nuclear
Natural Gas
Coal
Capacity
Summer
Demand
The Baseload Gap
33. Stimulus-driven Opportunities in Energy and Power
Expected capacity additions by fuel types
Source: Platts
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
MW
COAL
NG
RENEW
URAN
34. Stimulus-driven Opportunities in Energy and Power
ERCOT Reserve Margin
115,000
110,000
105,000
100,000
95,000
90,000
85,000
80,000
75,000
70,000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Capacity (MW)
Reserve Margin
Uranium
Renew able
Oil
Natural Gas
Coal
Existing
MRO Reserve Margin
80000
70000
60000
50000
40000
30000
20000
10000
0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Capacity (MW)
Reserve Margin
Uranium
Renew able
Oil
Natural Gas
Coal
Existing
NPCC Reserve Margin
90000
85000
80000
75000
70000
65000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Capacity (MW)
Reserve Margin
Uranium
Renew able
Oil
Natural Gas
Coal
Existing
Reserve margins by region
Source: Platts, NERC data as of year-end 2007
35. Stimulus-driven Opportunities in Energy and Power
Reserve margins by region
RFC Reserve Margin
250000
245000
240000
235000
230000
225000
220000
215000
210000
205000
200000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Capacity (MW)
Reserve Margin
Uranium
Renew able
Oil
Natural Gas
Coal
Existing
SERC Reserve Margin
320000
300000
280000
260000
240000
220000
200000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Capacity (MW)
Reserve Margin
Uranium
Renew able
Oil
Natural Gas
Coal
Existing
SPP
70000
65000
60000
55000
50000
45000
40000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Capacity (MW)
Reserve Margin
Uranium
Renew able
Oil
Natural Gas
Coal
Existing
WECC Reserve Margin
240000
230000
220000
210000
200000
190000
180000
170000
160000
150000
140000
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Capacity (MW)
Reserve Margin
Uranium
Renew able
Oil
Natural Gas
Coal
Existing
Source: Platts, NERC data as of year-end 2007
36. Stimulus-driven Opportunities in Energy and Power
Looking further out
Demand destruction
Perverse effect of ARRA energy efficiency measures
Transmission bottlenecks
R&D benefits (IGCC, nuclear)