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At least 109 records · Page 6
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DOE OSTI2023

Unlocking the Value of Deep Energy Retrofits

This publication is based on an extensive study conducted on behalf of the New York State Energy Research and Development Authority (NYSERDA) and the U S Department of Energy (DOE) to explore financial and risk products to accelerate the implementation of deep energy retrofit (DER) solutions to reduce costs These financial products are intended to speed market development via three fundamental themes: reallocating risk from building owners and lenders to insurers, quantifying and monetizing previously unrecognized value associated with DERs, and providing building owners and lenders with confidence in the performance of building systems Findings are based on a comprehensive analysis and characterization of 100+ existing DER case studies, and more than 40 qualitative interviews with industry experts, including insurers, researchers, building owners, and policymakers In addition, a quantitative model of overall project economics with baseline, high, and low cases was developed This data informed the analysis that resulted in three recommended financial product solutions, which were evaluated for their potential to raise projected cash flows and finance DERs: 1) Building System Performance and Energy Savings Guarantee; 2) Trade Credit Insurance; 3) Ancillary Revenue Contracts. This report identifies many value streams associated with DERs and introduces these three potential financial products, which aim to reallocate risks and reduce barriers to the adoption of advanced envelope DERs.

ancillary renenue contracts↗
DOE OSTI2024

Industry case studies: Finance

This article, the third in a series on the U.S. Department of Energy and IDEA collaboration, focuses on financial strategies used by institutions to support district energy system modernization and decarbonization. It highlights how effective funding models, long-term cost analysis, and leadership support are critical to implementing large-scale infrastructure upgrades. The case studies show different approaches to financing. Ball State University demonstrates how life-cycle cost analysis and phased funding—supported by state funding, bonds, and grants—enabled a transition to geothermal energy. Penn State’s Hershey Medical Center emphasizes the importance of financial leadership, shifting from reactive budgeting to data-driven, proactive investment in infrastructure. The University of Washington highlights how comprehensive data collection and analytics can justify investments and even create self-sustaining funding mechanisms like green revolving funds. Overall, the article shows that combining strong financial planning, data-driven decision-making, and innovative funding approaches is essential for advancing sustainable district energy systems while managing high upfront costs.

96 KNOWLEDGE MANAGEMENT AND PRESERVATION↗
DOE OSTI2024

Achieving Cooperative Community Equitable Solar Sources (ACCESS) (Final Technical Report)

Since 2011, solar has grown from a niche technology to a widely accessible source of power for homes and businesses across the United States and has become a fundamental part of the modern grid. There are still challenges, however, in learning how to integrate and use PV most effectively and how to make PV universally available. Most low- and moderate-income (LMI) customers cannot currently afford PV; capital costs and financing costs are too high to drive significant penetration. Providing access to LMI individuals and communities is a critical and immediate priority, and the focus of this project. The overall objective of the Achieving Cooperative Community Equitable Solar Sources (ACCESS) project is to explore and amplify the use of innovative, cost-effective energy access programs to serve co-ops’ LMI members1. ACCESS will research at least three financing mechanisms and at least six LMI program designs including LMI engagement strategies to maximize participation for these hard-to-reach audiences. ACCESS evaluated the financial mechanisms and program designs from field tests sited at diverse co-ops that provide recognizable models for the broader co-op community to identify optimal solutions for small utilities. The research with these cooperatives allowed testing of concepts and development of models and tools for other utilities to adapt to their own program designs and expansions. ACCESS published results and developed an “ACCESS Solar Access Toolkit” consisting of program designs, LMI engagement strategies, how-to guidance, and other tools to facilitate replication at small utilities across the country. Through the dissemination practices of the ACCESS project team, all NRECA member co-ops (~900) were made aware of the “ACCESS Solar Access Toolkit” and all other ACCESS resources. NRECA and its partners developed innovations to expand co-ops’ solar energy offerings to provide all of a co-op’s members—especially those who struggle to pay their bills—with cost-effective options that meet their needs. ACCESS specifically explored utility financing mechanisms and program designs that, independently or used in combination, increase solar access for rural electric cooperatives’ LMI members/ratepayers and that reduce LMI member/ratepayers’ electricity costs by at least 10%. LMI engagement strategies focused on maximizing the number of members who receive benefits and on the cost savings to LMI participants.

14 SOLAR ENERGY↗
DOE OSTI2020

Solar Resource and Infrastructure Assessment for the Town of Blandford

This report is a solar resource and infrastructure assessment for the town of Blandford, Massachusetts. The assessment was funded through the National Renewable Energy Laboratory, Solar Energy Innovation Network (NREL SEIN) Solar in Rural Communities Program, as part of a project to develop a Community-Informed Proactive Solar Siting and Financing Model. As a first step, the project lead organization, UMass Clean Energy Extension prepared an assessment of existing infrastructure, resources, and potential solar development opportunities in participating municipalities, including Blandford. This assessment was designed to describe relevant bylaws and infrastructure within the town, identify the types of solar facilities that could be developed, and quantify the total space available for each type of facility. In this report, we reviewed existing electricity grid infrastructure, and the potential to interconnect additional solar facilities. At the present time, most distribution lines providing electricity to Blandford are over-saturated with authorized and proposed solar projects, and cannot accommodate additional solar projects to interconnect to the grid. We can expect significant upgrades to these circuits, if any of the in-process projects are to proceed, which might then free up additional capacity for new projects. There is one circuit which serves a section of North Blandford Road that is not over-saturated; for the immediate future, this is the most cost-effective location for new large-scale projects to be sited. Meanwhile, most three-phase lines could likely accommodate additional small-to-medium scale projects (under 200 kW), and most single-phase lines could likely accommodate additional projects under 50 kW in size. This description represents the local grid infrastructure as it is - planning for future scenarios of development could include recommendations for areas of grid infrastructure improvement to allow siting of distributed generation in preferred locations. Future scenarios may also include the addition energy storage and other "non-wires alternatives."

14 SOLAR ENERGY↗
DOE OSTI2020

Solar Resource and Infrastructure Assessment for the Town of Wendell

This report is a solar resource and infrastructure assessment for the town of Wendell, Massachusetts. The assessment was funded through the National Renewable Energy Laboratory, Solar Energy Innovation Network (NREL SEIN) Solar in Rural Communities Program, as part of a project to develop a Community-Informed Proactive Solar Siting and Financing Model. As a first step, the project lead organization, UMass Clean Energy Extension prepared an assessment of existing infrastructure, resources, and potential solar development opportunities in participating municipalities, including Wendell. This assessment was designed to describe relevant bylaws and infrastructure within the town, identify the types of solar facilities that could be developed, and quantify the total space available for each type of facility. In this report, we reviewed existing electricity grid infrastructure, and the potential to interconnect additional solar facilities. At the present time, both distribution lines providing electricity to Wendell are over-saturated with authorized and proposed solar projects, and cannot accommodate additional solar projects to interconnect to the grid. It appears that National Grid is planning an upgrade to the Wendell Depot substation, which might then allow in-process projects are to proceed, and potentially free up additional capacity for new, large projects. Meanwhile, most three-phase lines could likely accommodate additional small-to-medium scale projects (under 200 kW), and most single-phase lines could likely accommodate additional projects under 50 kW in size. This description represents the local grid infrastructure as it is - planning for future scenarios of development could include recommendations for areas of grid infrastructure improvement to allow siting of distributed generation in locations preferred by the community. Future scenarios may also include the addition energy storage and other "non-wires alternatives."

14 SOLAR ENERGY↗
DOE OSTI2020

Solar Resource and Infrastructure Assessment for the Town of Westhampton

This report is a solar resource and infrastructure assessment for the town of Westhampton, Massachusetts. The assessment was funded through the National Renewable Energy Laboratory, Solar Energy Innovation Network (NREL SEIN) Solar in Rural Communities Program, as part of a project to develop a Community-Informed Proactive Solar Siting and Financing Model. As a first step, the project lead organization, UMass Clean Energy Extension prepared an assessment of existing infrastructure, resources, and potential solar development opportunities in participating municipalities, including Westhampton. This assessment was designed to describe relevant bylaws and infrastructure within the town, identify the types of solar facilities that could be developed, and quantify the total space available for each type of facility. In this report, we reviewed existing electricity grid infrastructure, and the potential to interconnect additional solar facilities. At the present time, both distribution lines providing electricity to Westhampton are oversaturated with authorized and proposed solar projects, and cannot accommodate additional solar projects to interconnect to the grid. Future upgrades could potentially free up additional capacity for new, large projects. Meanwhile, most three-phase lines could likely accommodate additional small-to-medium scale projects (under 200 kW), and most single-phase lines could likely accommodate additional projects under 50 kW in size. This description represents the local grid infrastructure as it is - planning for future scenarios of development could include recommendations for areas of grid infrastructure improvement to allow siting of distributed generation in locations preferred by the community. Future scenarios may also include the addition energy storage and other "non-wires alternatives."

14 SOLAR ENERGY↗
DOE OSTI2020

Financing and Implementing Resilience Products

This fact sheet defines common resilience improvements and provides key considerations for identifying, prioritizing, and implementing these improvements across a commercial building portfolio. It also discusses common barriers to resilience improvements and reviews various third-party financing solutions that can help overcome these barriers.

CHP↗
DOE OSTI2020

Expanding the Field of Climate Finance

Over the past twenty-one years, the Financial Innovations Roundtable (FIR), located at the Carsey School of Public Policy at the University of New Hampshire, has worked to address problems related to access to capital for low- and moderate-income consumers and communities. Since 2014, the event has been co-hosted by the Federal Reserve Board. The FIR works with a range of financial institutions, government agencies, foundations, and trade associations to access their expertise for problem-solving discussions. The 2020 FIR focused on the expanding field of climate finance and was co-hosted by the Federal Reserve Bank of San Francisco and The Climate Safe Lending Network. The event was originally slated to be in-person in San Francisco in May 2020 but was postponed due to the pandemic and shifted to an online event hosted November 16‒17, 2020. A significant amount has happened in 2020 on climate finance, racial justice, the economy, and COVID-19. The shocks and stresses of climate change are creating risks in low- and moderate-income communities as well as in the financial sector broadly. The 2020 FIR offered an opportunity to discuss the challenges and opportunities banks and Community Development Financial Institutions (CDFIs) face as they address these risks and how these institutions can help increase individual, institutional, and community-wide resilience. The program explored new and modified products that address climate risk in communities and how those products can be scaled. Conversations focused around: • The progress that has been made in the climate finance field and the challenges that lie ahead for financial institutions’ climate impact and climate-related risk. • Promising opportunities to decarbonize investments and finance low-carbon technology and infrastructure. • How lenders, insurers, housing organizations, and the public sector can work together to reduce housing instability due to climate-related factors and increase the climate-resilience of homes and neighborhoods. • Solutions to help communities address a wide range of related issues, including home weatherization and disaster preparation, home insurance loss, and climate gentrification and displacement. • Discussing lessons learned from other sectors such as renewable energy in order to design both people-based and place-based finance solutions that promote racial and economic inclusion. 1 • The need for all financial institutions to acknowledge that climate risks and racial inequity are systemic risks affecting their bottom line. • The role that bank regulators can play in promoting collaboration across the financial sector and in leading by example with regard to climate finance. • Mapping out concrete action-item initiatives including policy and industry pathways to climate safe lending as well as building a financing platform to provide clean energy to low-income communities. • More broadly, in order to systemically address climate risks, we will need to work together as a range of stakeholders across sectors and collaborate on shared goals and projects.

14 SOLAR ENERGY↗
DOE OSTI2020

Financing Microgrids in the Federal Sector

Recent high-impact events such as hurricanes and wildfires highlight the need for energy system resilience. One potential impact of these events is the loss of utility grid power to federal sites, negatively affecting the ability to carry out their missions. Depending on the need to sustain critical functions, it may be important to continue operations during an outage of the electric grid, or at least have power restored quickly after the event. One approach to addressing this need is through a microgrid. Microgrids can provide a more reliable solution than the traditional approach of using a backup generator at individual buildings. A microgrid can enhance a site’s electrical power system during normal operations, as well as provide reliable backup power to critical loads when electric utility power is interrupted. Many times, certain components of a microgrid (and potentially the entire system) can be justified economically and paid for out of energy savings or avoided costs. In cases where savings can cover the project costs, one of several privately financed procurement mechanisms may be used to implement the project. Procurement options available to all federal agencies include utility energy services contracts (UESC), energy savings performance contracts (ESPC), and utility services contracts (USC); other mechanisms such as a power purchase agreement (PPA), enhanced use lease (EUL), and utility privatization (UP) may also be useful to agencies that have the authority to use them. Implementing a microgrid in a comprehensive effort that also includes energy efficiency can provide an important savings component, while reducing power requirements for critical loads, thus reducing the cost of the microgrid and associated distributed energy resources (DER). However, it can be difficult to achieve enough savings and avoided costs to cover the entire microgrid system, so leveraging these avoided costs in combination with appropriated funds may be necessary to implement the full project. When a site is deciding if a microgrid is the best solution, activities early in the process include identifying critical loads and existing DERs, conversations with the local electric utility, and implementation options that work best for the agency and site. This paper explores procurement options and agreements that may be useful to federal agencies interested in implementing microgrids at their sites. Microgrid complexities, implementation considerations, and suggestions to get started are also discussed. This information will be most useful to agencies when they are exploring electric energy system resilience options and/or considering different procurement options to meet their needs.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2023

Louisville Communities LEAP Engagement: Improving Energy Efficiency in Affordable Housing [Slides]

This presentation outlines the initial results from a year-plus engagement between the National Renewable Energy Lab and Louisville, Kentucky through the U.S. Department of Energy's Communities LEAP (Local Energy Action Program) effort. Louisville, as represented by the Louisville Metro Government, Kentuckians for the Commonwealth, and the Metropolitan Housing Coalition, sought technical assistance from the labs to address energy usage in its residential housing stock as part of efforts to reduce community-wide emissions and high energy burdens throughout its community. The Communities LEAP scope of work included an energy efficiency analysis that leveraged ResStock data to identify key efficient technologies to explore for retrofitting Louisville's housing stock; technical support around developing a community benchmarking ordinance to help Louisville track its progress towards reducing energy usage; a workforce development overview to help Louisville ensure a sufficient and equitable distribution of clean-energy-related jobs supported by its energy efficiency efforts; a policy analysis component to track energy efficiency related policies Louisville may be interested in adapting from peer communities across the country; and a financing analysis component to identify opportunities to lower the barrier to clean energy adoption.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2020

Financing Microgrids in the Federal Sector

Recent high-impact events such as hurricanes and wildfires highlight the need for energy system resilience. One potential impact of these events is the loss of utility grid power to federal sites, negatively affecting the ability to carry out their missions. Depending on the need to sustain critical functions, it may be important to continue operations during an outage of the electric grid, or at least have power restored quickly after the event. One approach to addressing this need is through a microgrid. Microgrids can provide a more reliable solution than the traditional approach of using a backup generator at individual buildings. A microgrid can enhance a site’s electrical power system during normal operations, as well as provide reliable backup power to critical loads when electric utility power is interrupted. Many times, certain components of a microgrid (and potentially the entire system) can be justified economically and paid for out of energy savings or avoided costs. In cases where savings can cover the project costs, one of several privately financed procurement mechanisms may be used to implement the project. However, it can be difficult to achieve enough savings and avoided costs to cover the entire microgrid system, so leveraging these avoided costs in combination with appropriated funds may be necessary to implement the full project. This paper explores procurement options and agreements that may be useful to federal agencies interested in implementing microgrids at their sites. Microgrid complexities, implementation considerations, and suggestions to get started are also discussed. This information will be most useful to agencies when they are exploring electric energy system resilience options and/or considering different procurement options to meet their needs.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2020

Assessment of the Dominican Republic’s Commercial and Industrial Scale Energy Efficiency Sector

In this paper the National Renewable Energy Laboratory (NREL) explores the commercial and industrial (C&I) energy efficiency market in the Dominican Republic, including the market’s current status. During NREL’s engagement with its Dominican counterparts, NREL noted market gaps, identified by both public and private sector market actors, that became the focus of this report. The intent is two-fold. First, to assist potential customers, project financing institutions, and various government agencies understand where the energy efficiency sector stands, in August 2020. Second to help them recognize the scope, scale, and opportunity for energy savings from untapped potential large reductions in energy expenditures. This research identified how savings could be captured through improvements to the enabling environment, technical capacity, and level of activity in the sector. Moreover, it determined that through taking action to catalyze energy efficiency investment, the government could make significant progress towards its self-declared NDC goals, and result in tens of millions of dollars in savings across the Dominican economy for both the private and public sectors.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2023

Clean Energy Microgrids: Considerations for State Energy Offices and Public Utility Commissions to Increase Resilience, Reduce Emissions, and Improve Affordability

In fall 2019, the National Association of Regulatory Utility Commissioners (NARUC) and the National Association of State Energy Officials (NASEO) initiated a joint Microgrids State Working Group (MSWG), funded by the U.S. Department of Energy (DOE) Office of Electricity (OE). The MSWG aims to bring together NARUC and NASEO members to explore the capabilities, costs, and benefits of microgrids; discuss barriers to microgrid development; and develop strategies to plan, finance, and deploy microgrids to improve resilience. This report, Clean Energy Microgrids: Considerations for State Energy Offices and Public Utility Commissions to Increase Resilience, Reduce Emissions, and Improve Affordability, focuses specifically on how clean energy microgrids can achieve both resilience and clean energy benefits. The paper provides an overview of the challenges faced by clean energy microgrids, outlines benefits that clean energy microgrids can provide, and details economic and cost considerations for the development of clean energy microgrid projects. Outlined in the paper are the necessary technological components of a clean energy microgrid, including generation, storage, energy efficiency measures, and smart controls. Current technologies are highlighted, along with potential configurations of clean technologies that are approaching cost competitiveness with commercially available options. The paper concludes with both policy and regulatory considerations for State Energy Offices and Public Utility Commissions to enhance the development and deployment of clean energy microgrids. Although it touches on the clean energy microgrids’ role in integrating distributed energy resources (DERs) into the larger grid, this is not the focus of this paper.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2022

Decarbonization Considerations: Grid-Interactive Efficient Buildings [Slides]

The Federal Energy Management Program (FEMP) is helping federal agencies understand how to meet decarbonization goals with grid interactive efficient buildings (GEB). This training will provide attendees with an introduction to GEB, how to work with utilities, and opportunities for federal sites.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗
DOE OSTI2020

Tools Assessing Performance

For the distributed wind industry, it can be challenging to accurately predict the performance and annual energy production of projects prior to their installation. The U.S. Department of Energy’s Tools Assessing Performance (TAP) project aims to improve wind resource characterization, thereby reducing the uncertainty of project performance and financing costs, increasing consumer confidence, and lowering the levelized cost of distributed wind energy. A collaborative effort among DOE National Laboratories, TAP will create a computational framework that provides the distributed wind community with access to newly developed wind resource data and modeling capabilities. These capabilities will allow users to perform timely and accurate performance assessments for distributed wind projects at locations across the United States.

wind, distributed, tools, performance↗
DOE OSTI2021

Internal Financing for Carbon Reduction Projects

This fact sheet summarizes 6 common internal financing modes and provides examples for each: Capital Expenditure/Operating Outlay, Self-Funded Energy Performance Contracts (ESPC), Carbon Fee Funds, Green Bonds, Green Revolving Funds, and Capital Investment Funds.

financing, carbon reduction, carbon emissions, ESP↗
DOE OSTI2023

Bringing Low- and Moderate-Income Solar Financing Models to Scale (Final Technical Report (FTR))

In this final report, the Clean Energy States Alliance(CESA) and its project partners describe their work to accelerate the development of solar projects for three distinct subsets of the low- to moderate-income(LMI) solar market: single-family homes, manufactured homes, and community institutions, including multifamily affordable housing. For each market sector, the project team undertook research, outreach, and market-building activities. By advancing promising LMI solar financing innovations for different housing types and spreading them to new locations, the Scaling Up Solar for Under-Resourced Communities project has built momentum to scale up LMI solar. Although the report describes some research pertaining to solar adoption in LMI communities, this project was original in that it focused on two specific models to tackle single-family homes and community institutions. Until this project, very little research dedicated to solar for manufactured homes existed. For each market sector, the project team undertook research, outreach, and market-building activities. For the single-family homes sector, the project encouraged states to adapt a program model based on a successful Connecticut initiative that has brought solar to thousands of LMI homeowners. For manufactured homes, the project analyzed the potential for using solar for that housing sector and worked with states, utilities, and other stakeholders to launch pilot projects or programs. For community institutions, the project team worked with foundations, lenders, and community service organizations to inventory, analyze, and communicate models for philanthropic investment that accelerate the deployment of solar and solar+storage in multifamily affordable housing, health centers, and other LMI-serving community institutions.

14 SOLAR ENERGY↗