Ratepayer Benefits. 2 This Agreement will result in the ratepayer benefits of greater electricity reliability, lower costs, and increased safety by providing real time monitoring capability to track operation status, and diagnose pre-failure signs that can be used to (1) reduce O&M cost, and
Ratepayer Benefits. 2 This Agreement will result in the ratepayer benefits of greater electricity reliability and lower costs. The Recipient, with help from partners, created a detailed financial model for a combined geothermal power plant and lithium production plant. The model is based upon a 140MW power plant and two 19,000 tons per year lithium production plants utilizing commercially available lithium extraction technology. The model can determine what minimum electricity price a project is able to maintain financial obligations and attract investment. HKG’s analysis of integrating lithium and power projects allows geothermal electricity to be sold at ~$50/MWhr. This is a 2 California Public Resources Code, Section 25711.5(a) requires projects funded by the Electric Program Investment Charge (EPIC) to result in ratepayer benefits. The California Public Utilities Commission, which established the EPIC in 2011, defines ratepayer benefits as greater reliability, lower costs, and increased safety (See CPUC “Phase 2” Decision 00-00-000 at page 00, Xxx 00, 0000, XXXX rulemaking 11-10-003). substantial savings compared to most geothermal power purchase agreements. Integrated geothermal and lithium production could save ratepayers ~35% on electricity purchased from geothermal. Decreasing the cost of geothermal energy will allow Investor Owned Utilities (IOU) to procure greater amounts of geothermal energy and still provide cost effective solutions to rate payers. This will allow the IOU’s to procure more inertia-based power that provides grid benefits and capacity. Technological Advancement and Breakthroughs:3 This Agreement will lead to technological advancement and breakthroughs to overcome barriers to the achievement of the State of California’s statutory energy goals by paving the path to the establishment of a stable, secure, low-cost source of lithium needed to manufacture lithium-ion batteries. A supply of lithium-ion batteries is paramount to the state of California achieving its renewable energy goals as increased energy storage systems will be required to integrate intermittent generation sources like wind and solar. A supply of lithium will also be necessary to support the emerging electric vehicle (EV) industry, which in return will support the decarbonization of the transportation sector and reduce the amount of associated greenhouse gas emissions. Current lithium production globally is ~300,000 tons per year. However, demand is forecast to outstrip current supply b...
Ratepayer Benefits. 2 This Agreement will result in the ratepayer benefits of greater electricity reliability, lower costs, and increased safety. Those benefits are achieved in the following ways:
Ratepayer Benefits. 2 This Agreement will result in the ratepayer benefits of greater electricity reliability, lower costs, and increased safety by leveraging the thermal energy storage inherent in buildings’ mass at no additional cost using a prefabricated multi-functional building system with integrated HTMR. Our proposed Net Zero Building Platform benefits ratepayers by enabling and controlling buildings’ thermal energy storage to reduce and shift electricity use during unfavorable conditions (e.g., high electricity prices, high GHGe electricity generation, and/or low HVAC efficiency), increasing overall HVAC energy efficiency, and reducing GHGe by minimizing operational and embodied carbon. Technological Advancement and Breakthroughs:3 This Agreement will lead to technological advancement and breakthroughs to overcome barriers to the achievement of the State of California’s statutory energy goals by leveraging proven best-in-class TABS together with premium low embodied carbon building envelope solutions, into a cost-effective product. The precast radiant solution cuts the cost of a radiant installation by removing the radiant piping field assembly and moving the work to a safe and efficient factory-controlled environment.
Ratepayer Benefits. 16 This Agreement will result in the ratepayer benefits of lower costs, increased safety, and reduced 17 GHG emissions.
Ratepayer Benefits. 2 14 The Quartet System improves grid reliability by storing thermal energy recovered from solar PV 15 panels and converts it to hot water on-demand. This helps reduce the grid demand for water 16 heating and reduces ratepayers cost burden during peak demand periods. Additionally, this 17 technology will lower the cost of solar plus storage projects by 50 percent which will accelerate 18 their installation across the state, including in disadvantaged/low-income communities. Finally, 19 microgrid generation reduces the need for long transmission and power lines, which in recent 20 years have sparked devastating wildfires in California. The Quartet System will also make the air 21 quality safer throughout the state by reducing CO2 emissions by as much as 280 metric tons per 22 year per 100-kW of the Quartet System installed. With the Quartet System, California will 23 enhance the reliability of solar energy, lower the cost of solar plus storage, and improve grid safety 24 to advance California’s 100 percent RPS goals.
Ratepayer Benefits. 2 Technological Advancement and Breakthroughs:3
Ratepayer Benefits. 2 The perovskite top cell will be deposited on textured silicon cells, increasing energy production by 30% when the sun is near the horizon, reducing the ramp rate necessary for other grid participants, and improving reliability at future high PV penetration that is under statutory mandate. Quantitative cost estimates using the Department of Energy (DOE) Solar Energy Technology Office’s LCOE analysis framework and their cost numbers for balance-of- system indicate that the proposed PoSiT modules will provide an LCOE 30% lower than Si PV 2 California Public Resources Code, Section 25711.5(a) requires projects funded by the Electric Program Investment Charge (EPIC) to result in ratepayer benefits. The California Public Utilities Commission, which established the EPIC in 2011, defines ratepayer benefits as greater reliability, lower costs, and increased safety (See CPUC “Phase 2” Decision 00-00-000 at page 19, May 24, 2012, xxxx://xxxx.xxxx.xx.xxx/PublishedDocs/WORD_PDF/FINAL_DECISION/167664.PDF). when manufactured at scale, resulting in lower costs to ratepayers. The two-terminal tandem technology avoids fire risk upon partial shading that can occur in monolithically-integrated single- absorber or 4-terminal tandem thin-film modules due to heating from large reverse currents, increasing the safety margin of next-generation PV technology. This work will lower the cost to investor-owned utilities (IOUs) and electricity ratepayers of meeting California’s Renewable Portfolio Standard by reducing the high-efficiency PV module production costs and increasing their energy production over time.
Ratepayer Benefits. 2 This Agreement could result in the ratepayer benefits of greater electricity reliability, lower costs, and increased safety by proving a distributed, modular, scalable, and cost effective solar plus storage battery backup solution. The proposed project could enable more distributed energy resources (DERs), which effectively smooths out the demand curve. The proposed project will also benefit the ratepayers by demonstrating a simplified and affordable energy storage solution that provides greater grid reliability and grid resiliency during power outages. Finally, the proposed solar plus storage battery backup solution will be designed for the commercial market with the intent of leveraging the technology's ability to mount with rooftop mounted PV to transition to the residential market using the lessons learned from this project.
Ratepayer Benefits. 2 This Agreement will result in the ratepayer benefit of greater electricity reliability and lower costs while improving renewable penetration by • Enabling both local absorption of locally generated renewable energy as in from rooftop solar PV to charge PEVs or through responding to distribution system pricing or Demand Response signals for alleviating system-wide over-generation or ramping situations • Enabling energy consumption at local level to coincide with local generation to accomplish Zero Net Energy (ZNE) operation, which will be essential to a new construction beyond 2020 in California • Performing smart inverter functions per CPUC rule 21 to be able to respond to grid signals for Volt-Ampere Reactive control commands, also improving system power factor and therefore lowering losses in the grid • Allowing more efficient and effective use of the distribution grid by responding to grid congestion signals to modulate its own energy use profile Technological Advancement and Breakthroughs:3 This Agreement will lead to technological advancement and breakthroughs to overcome barriers to the achievement of the State of California’s statutory energy goals by:
