Industrial Sun

📅 Save the date! Alexandra Williams, VP of Origination, will be speaking at the inaugural Houston Energy & Climate Week on September 11. The session, titled Beyond the Grid: Maximizing Additionality in Corporate Renewable Energy Purchases, will delve into various strategies and options available to corporations. For details and registration, visit: https://lnkd.in/eVcnzrKg #HECW24 #HTXEnergyClimateWeek #IndustrialSun

While ERCOT's CEO predicted a 12% chance of August blackouts, the Texas power grid has, so far, performed well under the strain of extreme heat and record-breaking electricity demand. "Vegas and other officials credited new energy sources that have been brought online as to why it hasn't happened. Most of these new energy sources have been solar, wind and battery storage." #ERCOT #TexasRenewables #ReliableCleanEnergy https://lnkd.in/ex_SXd6J

Texas is facing challenges in meeting the power demands of #datacenters while ensuring grid stability. According to Bloomberg Green, "To keep up with Texas’ soaring energy needs, the state’s grid by 2030 will need to support 152 gigawatts of demand on peak days, almost double what it can currently handle, according to the Electric Reliability Council of Texas (Ercot). Data centers and crypto miners, which have also flocked to the state, account for a big chunk of that projected demand." Given the situation in other regions, how will #ERCOT adapt to handle this increased load? For example, AEP Ohio has requested higher financial requirements on new 1MW+ data centers to ensure they pay for the new transmission infrastructure needed to serve them. In Virginia, which has the world's largest data center market, Dominion Energy is advocating for new natural gas plants to meet rising electricity demand, sparking concerns from environmental groups about the state's ability to decarbonize its electric grid by 2050. In the Pacific Northwest, various measures have been implemented to address the growing power consumption from data centers, but the response has been mixed and somewhat contentious. As Texas faces similar challenges, locating new power generation sources closer to the data center consumption (BTM or directly adjacent) could alleviate pressure on ERCOT and utilities and reduce transmission and distribution costs for both the system and electricity users. For further information, check out: https://lnkd.in/ef9TG26j #TexasPower #IndustrialSolar #GridStability #EnergyDemand

🌡️🔌 Extreme heat in Texas is driving up 4CP demand charges in ERCOT, impacting both wholesale and retail markets. Over the past 15 years, 4CP demand charges have increased 150% due to increased pressure on transmission infrastructure. As peak demand spikes continue, so too will the financial burden on customers. Learn more about this trend: https://lnkd.in/e9Vjp2qf #energy #4CP #ERCOT

"Texas is seeing 'insatiable' desire for electricity..." ERCOT's 2030 load growth forecasts have increased by 40GW in just one year's time. This increase can largely be attributed to new demand from AI, data centers, and industrial electrification. Co-located industrial solar for these types of consumers will be part of the solution that keeps Texas in business and online. Read more: https://lnkd.in/g-WCKF-8 #ERCOT #datacenters #AI

We sat down for a chat with Industrial Sun's Alexandra Williams to discuss her behind-the-scenes perspective on our recent project with LyondellBasell. Our discussion reveals how a new net-metered solar PPA is driving triple-bottom-line value for the global chemicals leader and its surrounding community. Read more here: https://lnkd.in/eKEBAABS #industrialsolar #industrialdecarbonization #corporatecleanenergy

We're thrilled to welcome industry veteran Jeffrey Sabins as our new Chief Development Officer! Jeffrey brings deep renewables expertise and many years of valuable experience at a time when high-energy demand customers are increasingly seeking trusted experts in alternative energy solutions. Throughout his career in the renewables sector so far, he has delivered 1.2GW of completed projects and $1B+ in completed project investments. "We are confident that Jeffrey's values-aligned approach and deep industry knowledge will greatly contribute to our team’s mission of advancing renewable energy solutions for data centers and other commercial and industrial clients at Industrial Sun." - Wade Gungoll, CEO Welcome to the team, Jeffrey! Read more here: https://lnkd.in/eB2pWT9x #solarcareers #industrialsolar

Reuters' Global Energy Transition Awards spotlight excellence, achievement, and innovation across the full transition ecosystem. We are proud to have been named a finalist in the category of 'Low Carbon Energy Generation.' Industrial Sun's Wade Gungoll and Alexandra Williams will be in NYC at the Global Energy Transition conference to attend the awards dinner on June 25. Will we see you there? Register for the conference here: https://lnkd.in/ddm-rCib #GETawarded #energytransition

If you're a commercial or industrial power consumer in Texas and have anything to do with paying the electricity bill, you've likely heard of ERCOT's 4CP demand charge. To calculate this additional fee, ERCOT looks at the peak overall electricity demand on the grid during four, 15-minute intervals: one each across the summer months of June-September. These four moments of peak demand are used to calculate the 4CP demand charge for a given industrial customer. This ‘one synthetic hour’ of peak demand has a disproportionately large impact on an industrial’s budget. For this reason, industrial customers put a lot of blood, sweat, and tears into trying to crack the 4CP riddle to slash their operating costs. In our latest post, Alexandra Williams provides a fresh look at 4CP and 2023's peak power demand moments across the summer months to give you a better idea of what might be coming for 2024 4CP charges. Read it here: https://lnkd.in/e9Vjp2qf #ERCOT #4CP #demandcharges

In our latest piece, Industrial Sun's Haris Rafiq explores how net-metered industrial solar can significantly reduce green hydrogen production costs while meeting the Treasury’s 45V guidance. "The REAL value differentiator," Haris explains, "is netting against real-time energy, demand charges, and ancillary services, which lowers the effective cost of electricity—a key driver in green hydrogen production." Read More: https://lnkd.in/eJ-Fa58D #45V #greenhydrogen #solar #ERCOT