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Agenda

U.S. Energy Storage Market Opportunities #2

  • 2023-10-12
  • EN

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  • 2023-10-12
The Challenges of DER Aggregation: Review of Options in 6 U.S. Wholesale Markets
  • 20:00
  • Helen Kou
  • BloombergNEF
EN
Cost-Optimal Firm PV Power Generation — Real and Implicit Storage Synergies
  • 20:00
  • Jeff Ressler
  • Clean Power Research
EN
New York Green Bank’s Approach to Debt Financing Energy Storage Projects in New York State
  • 20:00
  • Konstantin Driker
  • NY Green Bank
EN
How Solar Installers can use Energy Storage to Create Financial Resiliency and Business Stability
  • 20:00
  • David Dunlap
  • BayWa r.e. Solar Distribution / US
EN

Description

Solar PV in the United States has seen tremendous growth in the last six years. From a cumulative capacity of 32.96 GWac in 2016, the United States’ solar PV capacity reached 110.11 GWac at the end of 2022, exhibiting a CAGR of 22.5%. California is the leading state in terms of installed solar PV capacity followed by Texas, Florida, North Carolina, etc. In terms of solar PV installed capacity and generation, United States stands at 2nd place globally, and comes after China.

Various government policies at the federal and state level have helped in the rise of solar PV in the United States. Investment Tax Credit (ITC), which helps in reducing the upfront cost of solar PV systems for homeowners and commercial users, and net-metering are two most important policies which have contributed in the growth of small-scale solar PV in the United States. At the end of 2022, the installed small-scale solar PV capacity reached 39.5 GWac. It is projected that 13% of homes in the United States will have a rooftop solar PV system by 2030. According to the National Renewable Energy Laboratory (NREL) estimations, the total national technical potential of rooftop solar PV in the United States is 1,118 GW.

As the country move towards achieving 100% carbon-free electricity by 2035, and a net-zero economy by 2050, solar PV is poised to play a significant role in the United States energy sector.

Forecast

There was a dip in the utility-scale capacity in the year 2022 due to pandemic-related delays, trade law enforcement, supply chain issues, and price hikes for components and shipping. However, 2023 is set to become the best ever year for utility-scale capacity. Buoyed by the US Inflation Reduction Act (IRA) and statewide requests for proposals for renewable energy, it is estimated that developers will deploy up to 29.1 GW of solar PV capacity in the year 2023, according to EIA.

The residential market in the United States is going to take a hit in 2023, as California – the largest residential market in United States – is set to introduce the Net-metering 3.0, which will significantly reduce net metering compensation rates for new California solar customers (by about 75%).

With all these factors, EUPD Research estimates that the cumulative solar PV capacity in the United States is expected to reach approximately 244 GWac by 2027. During 2023-27, the country is expected to add about 132 GWac of solar PV capacity. The highest capacity addition will be in the utility segment, followed by residential, commercial and industrial segments.

Haven’t you been able to attend RE+ in Las Vegas from Sept 11-14? No problem. Level up your energy storage expertise with IBESA advanced workshop session, “201: Advanced Topics in Energy Storage: Innovative Business Models, Technological Breakthroughs and System Intelligence“ now.

You’ll get a comprehensive 360° view of new emerging business models, the latest technology breakthroughs, and solutions to create an intelligent storage system. With real-life case studies and expert insights, you’ll discover the impact storage has on environmental outcomes and how different storage configurations and operations can help with decarbonization efforts. Plus, you’ll learn about sustainable monetization strategies and identify new storage applications and technologies in the residential and C&I segments.

Our expert speakers will also highlight the innovative strength of coordination and control software, and with interactive panel discussions, you’ll get the chance to directly address your specific questions to the experts on stage.

With engaging and interactive sessions, you’ll gain a comprehensive understanding of the latest market opportunities, deployments, policies, and regulations driving energy storage growth in the United States. Our expert speakers will showcase best practice examples in the residential, commercial, and utility scale segments, making the storage value propositions accessible for all participants.

Stream the following presentations:

  • The Challenges of DER Aggregation: Review of Options in 6 U.S. Wholesale Markets | BloombergNEF
  • Cost-Optimal Firm PV Power Generation — Real and Implicit Storage Synergies | Clean Power Research
  • New York Green Bank’s Approach to Debt Financing Energy Storage Projects in New York State | NY Green Bank
  • How Solar Installers can use Energy Storage to Create Financial Resiliency and Business Stability | BayWa r.e. Solar Distribution / US

Speaker's Info

Helen Kou

BloombergNEF

Associate, Energy Storage

Helen is Associate, Energy Storage at BloombergNEF. She covers North American energy storage markets, with a focus on downstream market opportunities, short-term forecasts, policy analysis, project economics, and company strategy. Before joining BloombergNEF, she was a fellow at the California Energy Commission, researching on community solar and time-of-use rates. Helen holds a BS in Environmental Economics & Policy and a BS in Environmental Science (Physics Concentration) from University of California, Berkeley.

Helen Kou

Helen is Associate, Energy Storage at BloombergNEF. She covers North American energy storage markets, with a focus on downstream market opportunities, short-term forecasts, policy analysis, project economics, and company strategy. Before joining BloombergNEF, she was a fellow at the California Energy Commission, researching on community solar and time-of-use rates. Helen holds a BS in Environmental Economics & Policy and a BS in Environmental Science (Physics Concentration) from University of California, Berkeley.

Jeff Ressler

Clean Power Research

Chief Executive Officer

Jeff Ressler is Chief Executive Officer of Clean Power Research®. Since joining the company in 2007, he has overseen the inception of the SolarAnywhere® and WattPlan® software families, and grown PowerClerk® from a nascent, online incentive processing tool into a powerful, general purpose energy program automation solution. Today, the company’s cloud software solutions serve ten of the top ten utilities in the United States as well as countless project engineers, renewables developers and independent power producers around the world. Earlier in his career, Jeff spent more than ten years at Microsoft, with leadership roles on Exchange and SQL Server as well as a nearly three-year assignment as speech assistant to Bill Gates. Jeff holds a bachelor’s degree in industrial engineering from Stanford University.

Jeff Ressler

Jeff Ressler is Chief Executive Officer of Clean Power Research®. Since joining the company in 2007, he has overseen the inception of the SolarAnywhere® and WattPlan® software families, and grown PowerClerk® from a nascent, online incentive processing tool into a powerful, general purpose energy program automation solution. Today, the company’s cloud software solutions serve ten of the top ten utilities in the United States as well as countless project engineers, renewables developers and independent power producers around the world. Earlier in his career, Jeff spent more than ten years at Microsoft, with leadership roles on Exchange and SQL Server as well as a nearly three-year assignment as speech assistant to Bill Gates. Jeff holds a bachelor’s degree in industrial engineering from Stanford University.

Konstantin Driker

NY Green Bank

Managing Director

Konstantin Driker is a Managing Director at NY Green Bank on the Investment and Portfolio Management Team. He is responsible for investing in renewable and clean energy projects in the State of New York and manages a portfolio of investments across various asset classes. Konstantin has more than 20 years of experience in corporate finance and capital markets. Prior to joining NY Green Bank, Konstantin served as a managing director in the investment banking arm of DVB Bank where he ran a private placement effort focused on capital raising for transportation and energy clients globally. Previously, Konstantin was a founding member of the high yield group at BNP Paribas where he originated, structured and executed leveraged finance transactions in the U.S. and Europe. Konstantin graduated with a degree in chemistry from the Ural State University and holds an MBA in finance and accounting from Georgia Institute of Technology

Konstantin Driker

Konstantin Driker is a Managing Director at NY Green Bank on the Investment and Portfolio Management Team. He is responsible for investing in renewable and clean energy projects in the State of New York and manages a portfolio of investments across various asset classes. Konstantin has more than 20 years of experience in corporate finance and capital markets. Prior to joining NY Green Bank, Konstantin served as a managing director in the investment banking arm of DVB Bank where he ran a private placement effort focused on capital raising for transportation and energy clients globally. Previously, Konstantin was a founding member of the high yield group at BNP Paribas where he originated, structured and executed leveraged finance transactions in the U.S. and Europe. Konstantin graduated with a degree in chemistry from the Ural State University and holds an MBA in finance and accounting from Georgia Institute of Technology

David Dunlap

BayWa r.e. Solar Distribution / US

Vice President of Product Strategy

David joined BayWa r.e. in 2016, after 16 years in residential construction management, where he implemented green building technologies and renewable energy systems at an award-winning design-build firm in Santa Fe, New Mexico. He also spent several years with Honeywell Building Solutions where he developed energy retrofit project solutions in the public sector using Performance Contracting as the primary financial vehicle. His early PV design training came from Solar Energy International and since then he has been an ardent advocate for clean energy adoption and water conservation. In his current role, David leads BayWa r.e.’s product strategy and partnership relations with top-tier solar and storage equipment manufacturers to provide solar installers with products that support their business growth. David graduated with a degree in Anthropology from Pomona College. He can often be found hiking with his wife and dogs in the New Mexico mountains or making ceramics in his home studio.

David Dunlap

David joined BayWa r.e. in 2016, after 16 years in residential construction management, where he implemented green building technologies and renewable energy systems at an award-winning design-build firm in Santa Fe, New Mexico. He also spent several years with Honeywell Building Solutions where he developed energy retrofit project solutions in the public sector using Performance Contracting as the primary financial vehicle. His early PV design training came from Solar Energy International and since then he has been an ardent advocate for clean energy adoption and water conservation. In his current role, David leads BayWa r.e.’s product strategy and partnership relations with top-tier solar and storage equipment manufacturers to provide solar installers with products that support their business growth. David graduated with a degree in Anthropology from Pomona College. He can often be found hiking with his wife and dogs in the New Mexico mountains or making ceramics in his home studio.

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