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The wholesale electricity market has changed plenty in recent years, and if future projects are any indication, more change is on the way in the decade-plus ahead.On this episode of Alternative Power Plays, Buchanan's Alan Seltzer and Brattle's Metin Celebi welcome colleague Andrew Levitt, a Senior Consultant at Brattle. Levitt is an expert in wholesale electricity policy, focused on evolving system needs. He's an expert in market design for emerging resources and has worked with utilities, regional transmission organizations (RTOs), and regulators.During the discussion, the three get into the weeds on an American Clean Power-commissioned report Brattle published that provides a roadmap for RTOs on energy storage market design. Conventional market design is very limiting for new technologies, specifically batteries, and the report focuses on why the RTOs of PJM, MISO and NYISO are strong candidates for reform. They also talk about why California Independent System Operator (CISO) and Electric Reliability Council of Texas (ERCOT) remain leading examples of battery storage deployment and what has made them successful. Finally, Levitt ends the conversation with insights on what changes need to be made to other RTOs to make energy storage deployment possible.To learn more about Brattle, visit: https://www.brattle.com/To learn more about Buchanan Ingersoll & Rooney, visit: www.bipc.comTo learn more about Alan Seltzer, visit: https://www.bipc.com/alan-seltzerTo learn more about Metin Celebi, visit: https://www.brattle.com/experts/metin-celebi/
Join the conversation with C4 & Bryan Nehman. PJM rolling brown outs. Trump DC presser. Crime round up. Megan Limarzi, Montgomery County Executive discussed an investigation into background checks at Montgomery County Public Schools. Listen to C4 & Bryan Nehman live weekdays from 5:30 to 10am on WBAL News Radio 1090, FM 101.5 & the WBAL Radio App.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture Because of NJ policies energy costs are skyrocketing, they have tripled and people are finding it hard to make ends meet. The [CB] economics are trapped in their own narrative, if doesn't align with the [CB] it's doom and gloom. First calls to abolish the IRS, now Reuters reports Fed structure in flux, the writing is on the wall. The [DS] is panicking, they know that Trump and team are not hunting them down. The [DS] hacked the Fed Court system to find out information of who was indicted. The [DS] will fight back as more information comes out against them. Trump has invoked rule 740 to shutdown the criminal enterprise in DC. Plus this will win the people over. He is now setting the stage to protect DC against the riots either during or after the midterms. The [DS] is losing power every step of the way. Economy https://twitter.com/dogeai_gov/status/1954573730727772495 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Supply Constraints and Grid Issues Several power plants (including coal and nuclear) have retired in recent years due to decarbonization policies, reducing in-state generation capacity. New Jersey now imports more power, making it reliant on PJM's market, where prices are volatile. Delays in PJM's interconnection queue have stalled 143 gigawatts of new projects (mostly renewables like solar and wind), creating a bottleneck. Reliance on natural gas, which can be expensive and unreliable during extreme weather, has also driven up costs. Offshore wind projects, part of the state's clean energy push, have faced setbacks and higher costs, contributing to the supply-demand mismatch. Political and Policy Context Governor Phil Murphy's administration has pursued aggressive clean energy goals (e.g., 100% clean energy by 2035, EV mandates), which supporters say are necessary for long-term sustainability but critics blame for closing plants and inflating costs without adequate backups. In response, the state offered relief like $100-200 credits per household and deferred some costs. https://twitter.com/KobeissiLetter/status/1954841769272541503 Fed structure may be in flux, not just rates For one, Miran, who has written about re-ordering the Fed voting system and appointment process and binding the central bank more closely to government thinking, still has to be confirmed by the Senate. While that process may be expedited, because he was already confirmed as a White House official, he would ostensibly only hold the post until Kugler's term formally ends in January. He would also only get one vote under the current system, and Trump has yet to name his pick to replace Chair Jerome Powell next May. But most Fed watchers think Miran is likely to be confirmed for the full board term eventually, even if he's not considered a candidate for the top job. For some critics, Trump's dramatic embrace of digital assets, crypto tokens and stablecoins is already an indication of a very real direction of travel that could transform the monetary world and banking system. Source: reuters.com
More than 100 of the world's largest energy companies are betting that artificial intelligence (AI) will revolutionize how electricity gets made, moved, and managed. But they're not waiting for Silicon Valley to build it for them—they've taken matters into their own hands through an EPRI-led consortium. That initiative is the Open Power AI Consortium, which EPRI launched in March 2025 to drive the development and deployment of an open AI model tailored for the power sector. According to its mission statement, the Open Power AI Consortium “aims to evolve the electric sector by leveraging advanced AI technologies to innovate the way electricity is made, moved, and used by customers. By fostering collaboration among industry leaders, researchers, and technology providers, the consortium will drive the development and deployment of cutting-edge AI solutions tailored to enhance operational efficiencies, increase resiliency and reliability, deploy emerging and sustainable technologies, and reduce costs while improving the customer experience.” “We're really looking at building an ecosystem to accelerate the development and deployment, and recognizing that, while AI is advancing rapidly, the energy industry has its own unique needs, especially around reliability, safety, regulatory compliance, and so forth. So, the consortium provides a collaborative platform to develop and maintain domain-specific AI models—think a ChatGPT tailored to the energy industry—as well as sharing best practices, testing innovative solutions in a secure environment, and long term, we believe this will help modernize the grid, improve customer experiences, and support global safe, affordable, and reliable energy for everyone,” Jeremy Renshaw, executive director for AI and Quantum with EPRI, said as a guest on The POWER Podcast. Among the consortium's members are some of the largest energy companies in the world, including Constellation, Con Edison, Duke Energy, EDF, Korea Electric Power Corp. (KEPCO), New York Power Authority (NYPA), Pacific Gas and Electric Co. (PG&E), Saudi Electricity Co., Southern Company, Southern California Edison, Taiwan Power Co., and Tennessee Valley Authority (TVA). It also includes entities like Amazon Web Servies (AWS), Burns and McDonnell, GE Vernova, Google, Gulf Cooperation Council (GCC) Interconnection Authority, Korea Hydro and Nuclear Power (KHNP), Khalifa University, Microsoft, Midcontinent Independent System Operator (MISO), PJM, Rolls-Royce SMR, and Westinghouse Electric Co. “For many years, the power industry has been somewhat siloed, and there were not many touch points or communication between global utilities, technology companies, universities, and so forth. So, this consortium aims to facilitate making new connections between these important and impactful organizations to increase collaboration and information sharing that will benefit everyone,” Renshaw explained. EPRI, together with Articul8 and NVIDIA, has already developed the first set of domain-specific generative AI models for electric and power systems aimed at advancing the energy transformation. Although the technology has not been released publicly, it will be made available soon as an NVIDIA NIM microservice for early access. This development sets the foundation for more to come.
The PJM capacity auction this month broke records with sky-high wholesale power prices — and that was by design. Under PJM's auction rules, tight supply raises prices, incentivizing the development of new generation and encouraging existing generation to stay online. The big driver of that tight supply? Data-center driven load growth. The independent system operator covers Virginia, one of the densest and fastest-growing regions for data center development. So will higher wholesale prices incentivize enough generation to meet load growth without provoking the public with higher bills? In this episode, Shayle talks to Steve Piper, research director of North American power and renewables at S&P Global. Steve and Shayle cover topics like: Why Steve says PJM and other stakeholders became concerned that low prices weren't incentivizing enough generation to stay on the market Why ISOs upping resource adequacy requirements across technologies, while raising targets for reserve margins The bottlenecks slowing down the development of new generation What's holding back demand response in the auction Resources: Latitude Media: Will Pennsylvania be the nation's AI-energy model? PJM: PJM Auction Procures 134,311 MW of Generation Resources; Supply Responds to Price Signal Utility Dive: PJM capacity prices set another record with 22% jump Credits: Hosted by Shayle Kann. Produced and edited by Daniel Woldorff. Original music and engineering by Sean Marquand. Stephen Lacey is executive editor. Catalyst is brought to you by Anza, a solar and energy storage development and procurement platform helping clients make optimal decisions, saving significant time, money, and reducing risk. Subscribers instantly access pricing, product, and supplier data. Learn more at go.anzarenewables.com/latitude. Catalyst is supported by EnergyHub. EnergyHub helps utilities build next-generation virtual power plants that unlock reliable flexibility at every level of the grid. See how EnergyHub helps unlock the power of flexibility at scale, and deliver more value through cross-DER dispatch with their leading Edge DERMS platform by visiting energyhub.com. Catalyst is brought to you by Antenna Group, the public relations and strategic marketing agency of choice for climate and energy leaders. If you're a startup, investor, or global corporation that's looking to tell your climate story, demonstrate your impact, or accelerate your growth, Antenna Group's team of industry insiders is ready to help. Learn more at antennagroup.com.
On this episode of Alternative Power Plays, Buchanan's Alan Seltzer and John Povilaitis welcome Jon Gordon, Director at Advanced Energy United. Advanced Energy United (AEU) is an industry association and advocacy group that represents the full range of advanced energy technologiesand services, both grid-scale and distributed. In his role, Jon leads AEU's work to increase wholesale electricity market access for advanced energy technologies, including related transmission expansion.The conversation centers around PJM, the regional transmission organization (RTO) that coordinates the movement of wholesale electricity in 13 states and Washington, D.C. In February, AEU published a report examining the results of PJM's capacity auction for 2025-2026, which saw prices surge to $14.7 billion, an increase of $12.5 billion from the previous auction. The three discuss the results of that report and how it will impact customers, what's driving high prices, what additional reforms and remediation are needed to improve interconnection, and more.On a previous episode of Alternative Power Plays, Seltzer and Povilaitis sat down with Gordon's colleague, Ryan Gallentine, Managing Director of Advanced Energy United where they discussed what policies Gallentine is focused on to help move electric vehicle adoption forward. To hear that conversation, visit: https://share.transistor.fm/s/f8e6940d. To learn more about Advanced Energy United, visit: https://advancedenergyunited.org/ To learn more about Jon Gordon, visit: https://advancedenergyunited.org/about/team/jon-gordonTo learn more about Alan Seltzer, visit: https://www.bipc.com/alan-seltzer To learn more about John Povilaitis, visit: https://www.bipc.com/john-povilaitis
Plus: Energy analysts call US-EU deal 'pie in the sky' ... EPA targets endangerment finding ... PJM looks for answers ... Electricity output and prices hit record highsSign up for the Renewable Energy SmartBrief
Learn more about ARE 5.0 exam prep here: https://www.blackspectacles.com/pricing. Join Black Spectacles and architect Chris Hopstock for ARE Live to learn the best study strategies for passing the PjM exam. On this episode of ARE Live, we walk through a mock exam for the Project Management division of the ARE 5.0. You'll learn about the PjM exam and we'll cover topics related to assessing criteria required to tracking labor overages against work plan budget, calculating billable rates using net multiplier, selecting proper change documentation method, identifying required consultants for project type and coordinating submittals for upcoming construction phase. Timestamps: 05:04 - Question No. 1 9:58 - Question No. 2 16:01 - Question No. 3 20:48 - Question No. 4 35:00 - Question No. 5 See previous episodes or register for the next ARE Live at https://www.blackspectacles.com/podcast
The Japan trade deal will benefit these companies. Plus, is General Motors (GM) a buy? … Get exposure to these power plays… Can Coca-Cola (KO) keep raising prices forever? … And "boring" names that belong in your portfolio. In this episode: Lock in the date for Curzio Research's first-ever conference! [0:34] The Japan trade deal will benefit these companies [8:26] These under-the-radar countries could soon be trade partners [15:21] Is it time to buy GM after its post-earnings fall? [19:18] What the PJM power auction says about energy demand [28:08] Get exposure to these power plays [33:18] Can Coca-Cola keep raising prices forever? [39:12] These boring names belong in your portfolio [45:39] RIP, Ozzy Ozborn [59:46] Did you like this episode? Get more Wall Street Unplugged FREE each week in your inbox. Sign up here: https://curzio.me/syn_wsu Find Wall Street Unplugged podcast… --Curzio Research App: https://curzio.me/syn_app --iTunes: https://curzio.me/syn_wsu_i --Stitcher: https://curzio.me/syn_wsu_s --Website: https://curzio.me/syn_wsu_cat Follow Frank… X: https://curzio.me/syn_twt Facebook: https://curzio.me/syn_fb LinkedIn: https://curzio.me/syn_li
Today we had the pleasure of hosting Isabelle Boemeke, author of the forthcoming book, “Rad Future: The Untold Story of Nuclear Electricity and How It Will Save the World.” The book will be published on August 12 and is available for preorder here. Isabelle is a passionate advocate for nuclear energy and is also the creator of Isodope, a social media persona she uses to engage and educate the public about the benefits of nuclear power. Isabelle was involved in pushing to save the Diablo Canyon nuclear facility and has visited nuclear sites around the world. We were thrilled to hear her fresh and insightful perspectives. In our conversation, we explore nuclear energy's rapid shift in public perception and the surge in investment and media attention from just three years ago to today. We discuss the role of advocacy in changing narratives, generational differences in attitudes toward nuclear, and the decline of the organized anti-nuclear movement. Isabelle shares her perspective on international attitudes toward nuclear, the origin of Isodope and her use of social media as an educational tool, the gender gap in nuclear support, and her personal background and journey to becoming curious about nuclear energy. We touch on the nuclear industry's reception to Isabelle, including the strong support she's received from women in the field. She shares her strategy for communicating complex nuclear topics to a broader audience, the key risks facing the nuclear renaissance, and the next major hurdles the industry must overcome, particularly challenges around financing and project management. We cover public awareness of SMRs compared to large-scale nuclear, community attitudes toward nuclear, and the strong local support Isabelle has seen near existing plants. Isabelle discusses her continued focus on nuclear for the next few years, where her interests may take her in the future, her 10-year outlook for energy and climate, and more. Mike Bradley kicked off the show by noting that broader U.S. equity markets continue to hit new all-time highs. A major driver of broader markets so far this year has been euphoria surrounding AI/Tech equities and the significant capital spending to support data centers. “Meme stock mania” seems to be rearing its head again and could be an early signal of a frothy equity market. On the energy equity front, he highlighted that both HAL and SLB have reported Q2 results and, for the most part, are guiding towards a weaker 2H25 market (especially NAM oil service pricing). Most oil service investors were hopeful Q2 would be the last quarter for downward 2025 revisions, which could be a reason why oil service stocks aren't reacting to negative downward 2025 EPS revisions. Electric Utilities are up ~13% this year and continue to be viewed as “growth” stocks. The PJM Capacity Auction posted results after the close, with pricing coming in at ~$330/mw versus last year's print of ~$270/mw. A handful of PJM exposed IPPs were up modestly after the close on the news. Mike wrapped by noting that SMR equities are up on average ~175% YTD and continue to be electricity darlings. He also flagged today's news out of Japan that Kansai Electric is reportedly exploring a plan to build the country's first nuclear plant since the Fukushima disaster in 2011. Brett Rampal peppered in his nuclear perspective and questions to the discussion. We are excited to continue following Isabelle's activities as a positive “influencer” for nuclear and hope you enjoy the conversation as much as we did. Our best to you all!
Gov. Glenn Youngkin and other leaders have voiced concerns about PJM, the region's “air traffic control” for electricity, as power prices reached a record high this week.
Allen discusses the strain on America's largest power grid due to data center demand, Taiwan's $3 billion wind farm project, the potential sale of Allete and new data center regulations in Ohio. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! America's largest power grid is under serious strain. Data centers and AI chatbots are using electricity faster than new power plants can be built. PJM Interconnection covers thirteen states from Illinois to Tennessee and Virginia to New Jersey. The company serves sixty seven million customers. This summer, electricity bills could jump more than twenty percent in some areas. The region has the most data centers in the world. Pennsylvania Governor Josh Shapiro is threatening to pull his state out of the grid entirely. Recently, PJM's CEO has announced he's leaving and PJM Board members have been voted out. PJM spokesman Jeffrey Shields says the problem is simple economics. "Prices will remain high as long as demand growth is outstripping supply. Right now, we need every megawatt we can get." The grid lost more than five point six gigawatts in the last decade. Old power plants shut down faster than new ones come online. Meanwhile, data center demand keeps growing. By twenty thirty, PJM expects thirty two gigawatts of increased demand. Almost all of that will come from data centers. Ørsted has secured three billion dollars in financing for a major wind farm project in Taiwan. The Greater Changhua Two project will supply clean energy to over one million households once it's fully operational. The wind farm sits thirty to thirty seven miles off Taiwan's coast. Taiwan wants twenty percent of its electricity to come from renewable sources by twenty twenty five. This project is a critical step toward that goal. Ørsted plans to sell part of its ownership stake after the project is completed. This strategy lets the company recycle money into new projects while keeping operational control. Allete is one step closer to being sold. The Minnesota Department of Commerce has withdrawn its opposition to the six point two billion dollar deal. Canada Pension Plan Investment Board and Global Infrastructure Partners want to buy the company. Allete runs Minnesota Power and Superior Water, Light and Power of Wisconsin. The sale still needs approval from the Minnesota Public Utilities Commission. That's the last hurdle before the deal can close. The new owners have agreed to several customer protections. They'll freeze rates for one year and reduce the company's allowed profit margin. They've also promised fifty million dollars in additional clean energy investments. AEP Ohio has won approval for new rules that protect customers from data center costs. The Public Utilities Commission of Ohio approved the plan on July ninth. Large data centers will now have to pay for at least eighty five percent of the electricity they sign up for, even if they use less. AEP Ohio President Marc Reitter says the rules align data center demand with infrastructure costs. "This infrastructure will support Ohio's growing tech sector and help secure America's data storage facilities here in the U.S." The requirements will last twelve years, including a four year ramp up period. Data center owners must also prove they're financially able to meet their obligations. RWE has extended CEO Markus Krebber's contract until twenty thirty one. The early extension adds another five years to his current agreement. Krebber has led the German energy company since twenty twenty one.
Les fournisseurs d'électricité américains demandent 29 milliards de dollars d'augmentation tarifaire pour 2025. En cause : la hausse spectaculaire de la consommation énergétique des data centers alimentant l'intelligence artificielle. Une inflation énergétique qui pèse lourdement sur les foyers américains. Décryptage. La consommation d'électricité aux États-Unis connaît une explosion sans précédent. En ligne de mire, les infrastructures alimentant l'intelligence artificielle, comme les célèbres modèles de langage de type ChatGPT. Selon PowerLines, une organisation défendant l'accessibilité énergétique, la demande des fournisseurs d'électricité pour le premier semestre 2025 atteint 29 milliards de dollars, soit une hausse de 142 % par rapport à l'an passé. Derrière ces chiffres vertigineux se cache une réalité technique : chaque question posée à une intelligence artificielle est traitée dans d'énormes centres de données, les data centers, qui consomment jusqu'à 10 fois plus d'électricité qu'une simple recherche Google. Ces centres, déjà responsables d'une consommation équivalente à celle de la France sur un an, pourraient doubler leur demande d'ici à 2030. Les États-Unis concentrent à eux seuls la moitié de cette croissance énergétique mondiale. Les consommateurs paient la facture des géants de la tech Cette explosion de la demande n'est pas sans conséquences pour les ménages américains. Le réseau PJM, le plus grand du pays, a vu ses coûts augmenter de 9,4 milliards de dollars en un an, imputables aux data centers. Résultat : 67 millions d'Américains ont vu leur facture d'électricité grimper de 20 à 30 %. Mais pourquoi est-ce que ce ne sont pas les géants du numérique – Amazon, Google, Meta, Microsoft – qui absorbent ces coûts ? En réalité, les contrats entre fournisseurs et entreprises technologiques sont souvent négociés dans l'opacité, hors du cadre de la régulation publique. Pour attirer ces entreprises, certains États offrent même des avantages considérables, laissant les consommateurs lambdas assumer une large part de la facture – sans même en être informés. À lire aussiIntelligence artificielle: les data centers consommeront bientôt autant d'énergie que le Japon Face à la crise, quelques États tentent de réagir Certaines autorités locales commencent à prendre des mesures. C'est le cas de l'Ohio, qui oblige désormais les data centers à payer 85 % de leur consommation estimée, même s'ils utilisent moins d'énergie. Une tentative de rééquilibrage face à une situation sociale préoccupante : près de 80 millions d'Américains rencontrent des difficultés à payer leurs factures énergétiques, au point de devoir renoncer à se nourrir ou se soigner. Alors que l'inflation énergétique pourrait atteindre 15 à 40 % dans les années à venir, le défi pour les régulateurs américains est de taille : trouver un équilibre entre attractivité économique et protection des citoyens. Car si l'intelligence artificielle transforme le monde, son coût énergétique, lui, est bien réel — et déjà très lourd pour des millions d'Américains. À lire aussiEn quoi les data centers sont-ils des gouffres écologiques?
Last Wednesday PJM Interconnection began their Capacity Auction. PJM runs the largest electricity grid in the US, extending from the east coast as far west as Illinois. The auction sources commitments for surge capacity, to ensure that even during times of high demand the system can meet the need for power. Capacity auctions haven't historically […]
Your energy bill just became your biggest business nightmare. But while most New Jersey companies are panicking over the 833% PJM capacity rate spike, smart business owners are using The Energy Consultant NJ's (201-892-2587) MIS Method to turn crisis into competitive advantage. Register now: https://theenergyconsultant.mantisadvisor.com/register The Energy Consultant NJ City: Bayonne Address: 104 W 16th St Website: https://theenergyconsultantnj.com Phone: +1 201 892 2587 Email: askmike@theenergyconsultantnj.com
Episode Overview In this episode, recorded live at the ACORE Finance Forum in NYC, host Benoy Thanjan sits down with Ray Long, President & CEO of ACORE. They discuss the evolving clean energy finance landscape, grid permitting challenges, policy battles around the Inflation Reduction Act (IRA), and the exponential demand for power driven by AI and electrification. Ray also shares the history and mission of ACORE—from its origins connecting Wall Street to developers in 2001, to its current role as a leading voice in renewable energy policy and finance. Key Themes & Takeaways Explosive Growth in Power Demand U.S. energy demand remained flat for decades—but is now rising due to: AI and cloud computing Electrification of buildings and manufacturing EV charging infrastructure Urgent need for scalable solutions—wind, solar, storage, and natural gas are critical in the next 5–10 years IRA Threatened by Tax Bill “Big Beautiful Bill” proposes eliminating key tax incentives from the IRA Would undermine progress and financing certainty across clean energy markets Industry needs a thoughtful, phased approach, not abrupt disruption Permitting & Interconnection Bottlenecks Interconnection Crisis Major ISOs like PJM are overwhelmed—some developers face 7+ year delays Load centers like Virginia see 100+ data center projects awaiting connection ACORE's Macro Grid Initiative pushes for regulatory fixes and grid modernization Bipartisan Momentum & Strategy ACORE promotes an “all of the above” strategy—recognizing solar, wind, storage, natural gas, and emerging tech Urges policymakers to emulate China's aggressive infrastructure and energy approach Emphasizes renewables as a national competitiveness issue—not just environmental Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market. This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets. Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood's portfolio. He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business. Ray Long Ray Long leads the American Council on Renewable Energy (ACORE) as President and Chief Executive Officer. ACORE is the oldest nonprofit organization in the United States dedicated to expanding the use of renewable energy technologies for American homes and businesses. This mission is as important and relevant today as it was back in 2001. As CEO, Long is privileged to lead a team of dedicated professionals and an equally passionate group of members and contributors who enable ACORE's strategic initiatives. ACORE's members operate in all 50 states, and in 2022, they financed, developed, built and owned over 90% of new, utility-scale renewable energy projects. Under Long's leadership, ACORE continues to expand the framework that has enabled the industry's growth through bipartisan outreach, accurate and compelling analysis, and effective collaboration. Long is a respected energy executive, having spent over 25 years representing and growing conventional and renewable energy companies in the United States. Most recently, Long was Senior Vice President of External Affairs and a member of the management team at Clearway Energy. Throughout his career, Long helped to build successful government, regulatory and communications teams, utilizing a campaign management approach to policy and project development challenges. Long earned a Bachelor of Science degree in Public Policy and Administration from Suffolk University and a Juris Doctor degree from Suffolk University Law School. He lives in Washington, D.C., with his wife. Stay Connected: Benoy Thanjan Email: info@reneuenergy.com LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com Ray Long Website: https://acore.org/ Linkedin: https://www.linkedin.com/in/ray-long-a89a816/ WRISE 20th Anniversary Gala Date & Time: Thursday, June 26, 2025 from 6:00 PM to 10:00 PM Location: Gotham Hall, New York City Occasion: Celebrating 20 years of championing women and underrepresented groups in the renewable & sustainable energy sector Host & Highlight: Presented by Women of Renewable Industries & Sustainable Energy (WRISE); evening includes networking, recognition of community leaders, and celebration of industry milestones The link to register is below. https://wrise20thanniversarygala.rsvpify.com/?mc_cid=2c22b50623&mc_eid=0dfa02be45&securityToken=qZn8wqQI1mC1uMRPyb08kNwbscQ23wtX
In this special crossover episode of the Conduit Street Podcast, Dominic Butchko of the Maryland Association of Counties (MACo) teams up with Joe Lerch of the Virginia Association of Counties (VACo) to explore how Maryland and Virginia are tackling the complex challenges of clean energy policy at the local level. Together, they unpack the parallels and contrasts between Maryland's Climate Solutions Now Act and Virginia's Clean Economy Act, digging into why Maryland is lagging in solar deployment despite ambitious targets, and how transmission grid bottlenecks across the PJM network are slowing down renewable energy progress on both sides of the Potomac. If you care about infrastructure, local control, and the path to clean energy, this episode is for you!More Information:Maryland's Pivotal 2025 Actions on Solar Energy PolicyUVA Weldon Cooper - Solar DatabasePJM Regional Transmission Organization (RTO)Maryland Piedmont Reliability ProjectCommonwealth Fusion Systems - Chesterfield County ProjectFollow us on Socials!MACo on TwitterMACo on Facebook
Welcome to our weekly Renewable Energy Briefing! Stay informed on the latest industry trends. Join us for a comprehensive analysis that combines expert commentary with up-to-the-minute news, offering you a strategic overview of the renewable energy market. Don't miss out on the crucial details that can impact your investment decisions. Tune in weekly for your essential dose of Renewable Energy insights! Episode #26 Briefing Highlights: Benoy was at a great new conference, the Mid-Atlantic Solar and Storage Conference. -The main topics were IRA, tariffs, how credit transferability may work in the future, impacts of the 2024 PJM capacity auction, SREC values in NJ being lowered, potential removal of grandfather provisions in California net metering program. $12 billion sale of generation assets from LS Power to NRG was completed bringing NRG's total capacity to 25GW Quanta was awarded a $1.5 billion contract to provide EPC services for Invenergy's Grainbelt Expressway transmission project. If you have any questions or comments, you can email us at info@reneuenergy.com.
Some names should never be spoken. And some promises echo louder in the dark. In this haunting episode of From Folklore to the Heartland, journey into the shadowed wilds of Slavic legend and twisted fairy realms, where ancient beings still barter in blood and gold—and the price of love may be far more than you're willing to pay. Guided by the bone-cracking footsteps of Baba Yaga herself, host PJM presents a tale where nothing is what it seems, and survival hinges on memory, sacrifice, and the oldest kind of magic. To watch the podcast on YouTube: http://bit.ly/ChillingEntertainmentYT Don't forget to subscribe to the podcast for free wherever you're listening or by using this link: https://bit.ly/FearFromTheHeartland If you like the show, telling a friend about it would be amazing! You can text, email, Tweet, or send this link to a friend: https://bit.ly/FearFromTheHeartland Learn more about your ad choices. Visit podcastchoices.com/adchoices
Unlocking Energy Storage Value: PJM Market Reforms with Brattle Group's Serena Patel Episode Overview: In this special live episode of the Solar Maverick Podcast, recorded at the 2025 Mid-Atlantic Solar & Storage Industries Association (“MSSIA”) Solar & Storage Insight Conference in New Brunswick, NJ, host Benoy Thanjan sits down with Serena Patel, Energy Research Associate at The Brattle Group, to unpack critical energy storage market reforms in the PJM interconnection. The conversation focuses on a groundbreaking report from Brattle, commissioned by the American Clean Power Association, that lays out a roadmap for unlocking the full value of energy storage across U.S. energy markets. Key Topics Covered: Why PJM's current market design undervalues flexible storage resources The two most urgent market reforms: ▪ Opportunity cost bidding for energy storage ▪ Creation of new ancillary service and ramping reserve products How suppressed price signals hinder storage operators' revenue Lessons from other RTOs like CAISO and NYISO that PJM can implement now The case for all-source procurement in local reliability planning The critical role of stakeholder engagement and policy advocacy to push reforms forward Featured Report: Energy Storage Market Design Reforms: A Roadmap to Unlock the Potential of Energy Storage By: Brattle Group for the American Clean Power Association Released: April 2025 https://www.brattle.com/insights-events/publications/brattle-experts-prepared-an-energy-storage-market-reform-roadmap-for-several-us-electricity-markets/ Notable Quotes: “Our current systems were built for legacy fossil fuel generators. If we don't reform the markets now, we risk undervaluing the flexibility that storage offers.” – Serena Patel “Opportunity cost bidding would help storage developers maximize revenue by bidding strategically, rather than being constrained by outdated market rules.” – Serena Patel Takeaway for Developers & Policymakers: To accelerate storage deployment, developers must actively engage in PJM stakeholder processes and advocate for reforms that enable revenue stacking and flexibility compensation. The Brattle report offers actionable insights to guide that involvement. Thanks to MSSIA: Special thanks to the MiSSIA for hosting the Solar Maverick Podcast at their first annual conference and for their continued solar and storage advocacy in NJ, PA, and DE. Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market. This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets. Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood's portfolio. He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business. Serena Patel Serena Patel is an Energy Research Associate at The Brattle Group, where she focuses on electricity market design and energy storage economics. She was a lead author on the ACP-sponsored market reform report and is deeply involved in clean energy policy development. Stay Connected: Benoy Thanjan Email: info@reneuenergy.com LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com Serena Patel Website: https://www.brattle.com/ Linkedin: https://www.linkedin.com/in/serena-naresh-patel/ Summer Solstice Fundraiser Join Reneu Energy, Rosemawr Management, Polar Racking, Positive Deviancy, and the Solar Maverick Podcast for the 2025 Summer Solstice Fundraiser! This special evening will take place on Thursday, June 5th, from 6 PM to 10 PM at Hudson Hall in Jersey City, NJ. We'll also be raising funds for the Let's Share the Sun Foundation, which aids impoverished communities in harnessing solar energy. Event Highlights: -Venue: Hudson Hall, a Czech biergarten and smokehouse co-owned by Benoy, CEO of Reneu Energy. -Time: 6 PM to 10 PM, with delicious food throughout the evening. -Tickets: $50 https://www.tickettailor.com/events/reneuenergy/1653652
The largest grid operator in the U.S., PJM, has more than 3,000 active projects in its interconnection queue, more than four other ISOs combined. And it used to be easy to build in Texas, but ERCOT is facing the same challenges as other regions. Spearmint Energy's Andrew Waranch and Gina Wolf examine the nuances of building ISO supply in this episode of Power Plays.
As electrical grid operators move to fast-track gas projects, consumer and environmental advocates raise red flags. --- The U.S. electricity grid is undergoing a dramatic transformation. As coal plants retire, wind, solar, and battery storage now dominate the pipeline of new power projects. Yet in recent months, some policymakers and grid operators have called for a new wave of natural gas plants to meet rising electricity demand from AI data centers and industrial growth. Supporters argue that gas offers a fast, reliable solution. Critics see a costly, backward-looking move that undermines long-term climate and affordability goals. Too often missing from this debate is the voice of the consumer—the people ultimately footing the bill. This episode explores the consumer perspective on our rapidly evolving grid with two guests with deep experience at the intersection of grid policy and public interest. Patrick Cicero is the former consumer advocate for Pennsylvania. John Quigley is a senior fellow at the Kleinman Center and former secretary of Pennsylvania’s Department of Environmental Protection. Together, they discuss what the energy transition means for ratepayers—and the policies needed to ensure a clean, reliable, and equitable grid. Patrick Cicero is chief counsel at the Pennsylvania Utility Law Project and former consumer advocate for the state of Pennsylvania. John Quigley is a senior fellow at the Kleinman Center and a former secretary of Pennsylvania’s Department of Environmental Protection. Related Content Has Europe’s Emissions Trading Scheme Taken Away a Country’s Ability to Reduce Emissions? https://kleinmanenergy.upenn.edu/research/publications/has-europes-emissions-trading-scheme-taken-away-a-countrys-ability-to-reduce-emissions/ Fossil Foolishness https://kleinmanenergy.upenn.edu/commentary/blog/fossil-foolishness/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu.See omnystudio.com/listener for privacy information.
In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner cover urgent U.S. energy grid concerns, including PJM's warning of summer blackouts due to fossil fuel plant retirements and surging demand. They critique California's refinery shutdowns, which could drive gas prices to $9, and discuss Saudi Arabia's budget strain with Brent crude below breakeven levels. The episode also examines Equinor's potential exit from a New York wind project, Shell's rumored acquisition of BP, Russia's massive shipbuilding expansion, and new U.S. sanctions targeting Iran's oil trade with China.Highlights of the Podcast 00:00 - Intro01:38 - U.S. Largest Grid Operator is warning of Summer Power Shortages05:51 - Newsom's War On Oil Could Send California Gas Prices To $9, Analyst Warns09:44 - Saudi Arabia Spends Like Oil's Still at $9011:58 - Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power Generators14:56 - Is Shell Sizing Up Oil's Biggest Power Grab Yet?17:49 - Equinor could axe wind project off New York within days21:26 - Russia readies billions for domestic fleet buildout23:51 - Washington issues further sanctions aimed at Iran's trade with China25:39 - OutroPlease see the links below or articles that we discuss in the podcast.U.S. Largest Grid Operator is warning of Summer Power ShortagesNewsom's War On Oil Could Send California Gas Prices To $9, Analyst WarnsSaudi Arabia Spends Like Oil's Still at $90Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power GeneratorsIs Shell Sizing Up Oil's Biggest Power Grab Yet?Equinor could axe wind project off New York within daysRussia readies billions for domestic fleet buildoutWashington issues further sanctions aimed at Iran's trade with ChinaFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –
BITG 5.10.25 • Properly Watering Your Mother's Day Gifts • DIY Custom Combos • Flowering Patio Tropicals • Getting Rid of Poison Ivy • Hotline Text About A Non-Blooming PJM Rhododendron 1. It's Mother's Day weekend and there are a lot of combination pots and hanging baskets being given as gifts. Watering correctly is life and death to these beautiful gifts…Listen in on how to care for these beauties during our 1st Segment! 2. How about you plant a real custom Combination Pot, one of your own design? We'll explain how in our second segment! 3. Patio Tropical Plants are becoming more & more popular around pools, Decks and patios. In our 3nd Segment we'll discuss their use and care!! 4. Leaves of Three let them be!! In our 4th segment We're going to discuss how to get rid of poison ivy!! 5. In our final segment we received a text from a listener that asked why their PJM isn't blooming! Hear why in our last segment. Philadelphia, South Jersey, & Delaware Valley Saturdays at 8am 860am | WWDB-AM Saturday at 6am & 5pm | 93.5FM & 1540am WNWR "The Word".... NYC Tri-State Area Sundays at 8am | 1250 AM "Classic Oldies" WMTR Bloomers in the Garden helps you and your neighbors have more beautiful yards, gardens and landscapes. Len is your “go-to” source for practical information, solid “local” advice that applies to the Delaware Valley. Learn about products and plants you can pronounce that are available at local Independent Garden Centers. Get inspired and confident to try new things, building on our past successful recommendations. Len Schroeder has a rich family heritage of horticulture dating back over 100 years. His own experience spans over 30 years as Owner of Bloomers Home & Garden Center. Bloomers is a Retail Garden Center that caters to the home gardener and the do-it-yourself landscaper. Bloomers prides itself on its staff training. We translate the often confusing gardening information into easy to understand, executable tasks. Len brings a professional lifetime of sorting out plants and products that work when customers get them home. Have a question for us or a topic you like us to discuss? Have a question for us or a topic you like us to discuss? Call the Bloomer's Garden Hotline” at (609)685-1880 to leave your question, your name and the town you're from! You can also write to len@bloomers.com ....
Perkins Coie's Jane Rueger and Jacob Neeley join NPM's Kaitlin Fallowfield on the pod this week to discuss the eight options PJM recently presented to FERC for policies governing data centers with co-located power generation. Rueger and Neely review the advantages for developers across the different options, offer insight about how companies might navigate contracts with hyperscalers and make predictions on what the industry may see when PJM receives a response from stakeholders on its data center co-location strategy. New Project Media (NPM) is a leading data, intelligence, and events company providing business development led coverage across the US & European power and data center markets. NPM serves 400+ global development, investment, finance, advisory and corporate customers.Download our mobile app.
#225: Blast From the Past (4/14/25) Links: House passes Senate Budget https://www.reuters.com/world/us/republican-controlled-us-house-try-again-trump-tax-cuts-bill-2025-04-10/ Source: Reuters Trade Anonymous Sources Say Bessent Taking the Lead in Trade Negotiations https://www.politico.com/news/2025/04/10/bessent-trade-lutnick-navarro-shakeup-00284597 Source: Politico Trump is going to lose the gamers. Nintendo Switch 2 Delayed https://tech.yahoo.com/article/nintendo-switch-2-pre-orders-release-date-prices-delays-and-everything-else-you-need-to-know-140931024.html Source: Engadget Trump Exempts Phones, Chips, Computers from Tariffs https://www.cnbc.com/2025/04/12/trump-exempts-phones-computers-chips-tariffs-apple-dell.html Source: CNBC China moves to cut off rare earth exports https://www.reuters.com/markets/commodities/chinas-rare-earth-exports-grind-halt-trade-war-controls-bite-2025-04-11/ Source: Reuters China halts US LNG imports https://finance.yahoo.com/news/china-halts-us-lng-imports-061447892.html Source: Bloomberg IRA Credits Senate Squish Squad https://thehill.com/policy/energy-environment/5245273-senate-republicans-energy-tax-credits/ Source: The Hill Sunset Crowd in the House https://www.eenews.net/articles/republican-bill-would-phase-out-wind-solar-credits/ Source: E&E New Congestion Pricing Lives On https://www.cbsnews.com/newyork/news/nyc-congestion-pricing-mta-trump-administration-deal/ Source: CBS News EV Factories Cancelled https://www.washingtonpost.com/climate-environment/2025/04/03/ev-factories-canceled/ Source: Washington Post AI helping PJM. What does that mean exactly? https://www.reuters.com/technology/google-deploys-ai-speed-up-connections-pjm-largest-us-power-grid-2025-04-10/ Source: Reuters
INE emitió 14 mil 359 credenciales para personas en estado de postración Aseguran 50 mil litros de huachicol en GuanajuatoAbierta la convocatoria para ingresar a la Secretaría de Seguridad del Edomex INE emitió 14 mil 359 credenciales para próximas elecciones del PJMás información en nuestro podcast
Summary: The rapid rise of AI is transforming industries at an unprecedented pace, creating both challenges and opportunities for innovation. With technology this powerful, pure progress is not enough. We have a responsibility to be intentional about about how we build it, power it, and use it, to ensure it drives positive outcomes and a more sustainable future. Today, we're sitting down with Rahul Mewawalla, the President and CEO of Mawson Infrastructure Group, a rapidly evolving digital infrastructure services company that trades on NASDAQ under the symbol MIGI. Rahul has been a CEO for over a decade, leading numerous technology companies, including household names like Yahoo, Nokia, and General Electric. Rahul has served on the boards of six NASDAQ-listed companies, two of which he chaired. He led San Francisco's Innovation and Technology Program in collaboration with the White House and the Executive Office of the President, served as a Special Government Employee with the U.S. Department of Defense, and was an advisor to Stanford University's Persuasive Technology Lab. Rahul has had a front-row seat to four major technology waves—the internet, mobile, cloud, and AI—giving him tremendous perspective on today's rapidly evolving landscape In this episode, Rahul explores how companies are joining forces to address AI's soaring energy demands—and what it means for the future of digital infrastructure. He delves into the evolving partnership between technology firms and energy providers, the growing role of nuclear and carbon-neutral power in sustaining AI's expansion, and why cross-industry collaboration is essential for long-term success.Highlights:Rahul discusses what initially drew him to digital infrastructure (3:18)Mawson's strategic shift from cryptocurrency mining to AI infrastructure (6:01)Key components and functions in an AI technology stack (8:34)Rahul's perspective on the transformative AI wave and growing investment around it (11:29)Rahul describes what the PJM market is (13:44)Investment in nuclear energy (15:30)Rahul discusses Mawson's management team and leadership strategy (17:50)Mawson's announcement of a major AI co-location agreement (19:51)Rahul explains why industry collaboration is essential for scaling AI infrastructure (21:49)Mawson's total addressable market and maintaining a competitive edge (23:25)How Rahul balances leadership and innovation (24:58)The future innovations and business opportunities Rahul sees for Mawson (26:53)Links:Rahul Mewawalla on LinkedInMawson Infrastructure on LinkedInMawson Infrastructure WebsiteICR LinkedIn ICR Twitter ICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.
Profeco emite alerta para vehículos ToyotaTEPJ aprueba diseño de boletas a candidaturas del PJMás información en nuestro Podcast
The Northeast has long been one of the most complex regions for battery storage development in the U.S. While Texas and California have surged ahead, PJM and NYISO have struggled with slow interconnection processes, shifting policy landscapes, and unpredictable market signals. But is that starting to change?This week, Quentin is joined by Paul Reed, Founder and CEO of RSunrise Energy, to discuss why he believes the Northeast is primed for a battery storage resurgence. With deep experience in PJM and a track record of navigating regulatory and market challenges, Paul shares insights on the impact of queue reform, the opportunities emerging from distressed assets, and why state-level incentives are creating a new wave of investment.Over the course of the episode, they discuss: How queue reform is reshaping storage development in PJM and NYISO.The impact of rising capacity prices and why 2025 is a key inflection point.The role of federal and state incentives in making battery projects financeable.What developers need to know about securing grid connections and revenue certainty.Why Paul believes the Northeast is the next big opportunity for storage growth.About our GuestPaul Reed is the Founder and CEO of RSunrise Energy, a development firm focused on battery storage projects in PJM and the Northeast. With nearly a decade of experience in demand response, behind-the-meter storage, and grid-scale development, Paul has played a key role in advancing energy storage in some of the most challenging markets in the U.S. Today, he is focused on building out a portfolio of storage projects that will help drive the next phase of grid modernization in the Northeast. Find Paul on LinkedIn.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.
The Northeast has long been one of the most complex regions for battery storage development in the U.S. While Texas and California have surged ahead, PJM and NYISO have struggled with slow interconnection processes, shifting policy landscapes, and unpredictable market signals. But is that starting to change?This week, Quentin is joined by Paul Reed, Founder and CEO of RSunrise Energy, to discuss why he believes the Northeast is primed for a battery storage resurgence. With deep experience in PJM and a track record of navigating regulatory and market challenges, Paul shares insights on the impact of queue reform, the opportunities emerging from distressed assets, and why state-level incentives are creating a new wave of investment.Over the course of the episode, they discuss: How queue reform is reshaping storage development in PJM and NYISO.The impact of rising capacity prices and why 2025 is a key inflection point.The role of federal and state incentives in making battery projects financeable.What developers need to know about securing grid connections and revenue certainty.Why Paul believes the Northeast is the next big opportunity for storage growth.About our GuestPaul Reed is the Founder and CEO of RSunrise Energy, a development firm focused on battery storage projects in PJM and the Northeast. With nearly a decade of experience in demand response, behind-the-meter storage, and grid-scale development, Paul has played a key role in advancing energy storage in some of the most challenging markets in the U.S. Today, he is focused on building out a portfolio of storage projects that will help drive the next phase of grid modernization in the Northeast. Find Paul on LinkedIn.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.
North America’s electricity grid faces a shortfall of power. A grid policy expert explores one region’s efforts to ensure reliability and the controversies its proposals have raised. --- In December, the North American Electric Reliability Corporation, or NERC, released its annual assessment of grid reliability across North America. The results were concerning. NERC, which is the organization responsible for setting grid reliability standards, reported that electricity supply is struggling to keep up with rapidly growing demand across much of the U.S. and Canada. In several major grid regions, electricity shortfalls could occur under challenging conditions within the next one to three years. On the podcast, Abe Silverman, assistant research scholar at the Ralph O’Connor Sustainable Energy Institute at Johns Hopkins University, discusses the threat of electricity supply shortages with a focus on one area of the grid in particular, the PJM Interconnection. PJM is the largest regional grid operator in the U.S., serving 65 million people in the eastern part of the country. PJM recently announced that it, too, could face a capacity shortage as early as 2026. To date, the grid operator has undertaken a complex set of actions to address its challenges, with more efforts on the way. Silverman explores PJM’s looming supply shortfall, and examines the steps it’s taking to shore up supply. He also explains the controversies that some of these actions have raised. Abraham Silverman is an assistant research scholar at the Ralph O’Connor Sustainable Energy Institute at Johns Hopkins University, and former general counsel for the New Jersey Board of Public Utilities. Related Content The Untapped Potential of “Repurposed Energy” https://kleinmanenergy.upenn.edu/research/publications/the-untapped-potential-of-repurposed-energy/ An Exploration of Solar Access: How Can Tenants Benefit from Solar Financing Policies? https://kleinmanenergy.upenn.edu/research/publications/an-exploration-of-solar-access-how-can-tenants-benefit-from-solar-financing-policies/ Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.
Tonja Wicks, Vice President of Regulatory Affairs for Elevate Renewables, joins the NPM Podcast to discuss her active role in PJM's reform on Capacity Interconnection Right (CIR) Transfers, how we got here, and what's next for solving the gap in new and retiring assets.Later in the program, she talks about her passion for energy policy, bringing renewables to overlooked communities, and her expectations for the incoming second act of the Trump administration. New Project Media (NPM) is a leading data, intelligence, and events company providing business development led coverage of the US and European renewable energy markets for the development, finance, M&A, and corporate community.Download our mobile app.
Energy grids, markets and regulatory landscapes are evolving fast. The strategies used by BESS operators must be dynamic, as operators face a maze of regional markets, shifting policies, and cutting-edge technologies. In this episode Ali Karimian, Market Optimization Director at GridBeyond joins Quentin to explore the challenges and opportunities in markets like ERCOT, California, PJM, shedding light on critical developments such as PJM's recent capacity market overhaul and the surge in demand response programs across the country. Ali also shares insight into the role of cryptocurrency miners in energy markets, and where these unconventional players are proving vital for grid stability and unlocking new revenue streams.Over the course of the conversation, Quentin and Ali discuss:The differences between some of the most prominent markets for BESS in the United States, including ERCOT, CAISO and PJM.The current landscape shaping market attractiveness for battery operations.Policy & regulatory changes affecting ISO's including changes to ERCOT's ancillary services framework, PJM capacity market dynamics and continual updates for CAISO.The rise of crypto miners in energy markets and what characteristics make them suitable for supporting grid stability.Strategies enabling crypto miners to lower effective power costs.About our guestGridBeyond aim to unlock the potential of energy assets, driving sustainability, resilience, and affordability towards a zero-carbon future. Their technology optimizes utility-scale renewable generation, battery storage, and industrial loads by intelligently dispatching flexibility into the right market at the right time. Enabling asset owners and energy consumers to unlock new revenues, enhance resilience, manage price volatility, and support the transition to net zero. For more information on GridBeyond - head to their website.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.
Energy grids, markets and regulatory landscapes are evolving fast. The strategies used by BESS operators must be dynamic, as operators face a maze of regional markets, shifting policies, and cutting-edge technologies. In this episode Ali Karimian, Market Optimization Director at GridBeyond joins Quentin to explore the challenges and opportunities in markets like ERCOT, California, PJM, shedding light on critical developments such as PJM's recent capacity market overhaul and the surge in demand response programs across the country. Ali also shares insight into the role of cryptocurrency miners in energy markets, and where these unconventional players are proving vital for grid stability and unlocking new revenue streams.Over the course of the conversation, Quentin and Ali discuss:The differences between some of the most prominent markets for BESS in the United States, including ERCOT, CAISO and PJM.The current landscape shaping market attractiveness for battery operations.Policy & regulatory changes affecting ISO's including changes to ERCOT's ancillary services framework, PJM capacity market dynamics and continual updates for CAISO.The rise of crypto miners in energy markets and what characteristics make them suitable for supporting grid stability.Strategies enabling crypto miners to lower effective power costs.About our guestGridBeyond aim to unlock the potential of energy assets, driving sustainability, resilience, and affordability towards a zero-carbon future. Their technology optimizes utility-scale renewable generation, battery storage, and industrial loads by intelligently dispatching flexibility into the right market at the right time. Enabling asset owners and energy consumers to unlock new revenues, enhance resilience, manage price volatility, and support the transition to net zero. For more information on GridBeyond - head to their website.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.
Energy-infrastructure developers are on the front lines of realizing the electricity growth need to power the AI revolution. In this episode of Bloomberg Intelligence’s ESG Currents podcast, Andrew John Stevenson, senior climate analyst, sits down with Dan Lee, Managing Partner at Simcore Partners. From the backup in grid availability in PJM plants to the opportunities to boost assets in Texas grid operator ERCOT, this episode delves deep into the process to get electrons on the grid in a timely, low-cost fashion. This episode was recorded on Dec. 11, 2024.See omnystudio.com/listener for privacy information.
With news that wholesale prices of electricity are going to rise sharply next year, there is increasing concern about the regional transmission organization called PJM, which covers 13 states from New Jersey to Illinois. Sunil Dasgupta talks with Maryland Delegate Lorig Charkoudian and West Virginia Delegate Evan Hansen about how they see the problem and are working together. Music from Washington DC rock ‘n' roll band 7 Door Sedan.
Today we had the honor of hosting Pablo Vegas, President and CEO of the Electric Reliability Council of Texas (ERCOT). Pablo was appointed as CEO by Governor Abbott in October 2022, after previously serving as Executive Vice President of NiSource and Group President of NiSource Utilities. His previous management roles included senior positions with both American Electric Power and IBM. Pablo also serves on the Global Advisory Board for the Harvard Business School and is a member of the Texas Advanced Nuclear Working Group. ERCOT manages the flow of electricity to over 27 million Texas customers and oversees one of the most unique power grids in the US. We were thrilled to hear Pablo's unique insights on the latest power developments in Texas and across the US. In our conversation, we explore ERCOT's collaboration with international and domestic grid operators to share best practices for managing intermittent resources and ensuring resource adequacy, ERCOT's unique operational advantages, and Texas's projected electricity demand growth by 2030, which equates to adding Germany's current electricity demand. We discuss the reliability risks associated with renewable energy integration, insights into the current state of battery storage capacity, and the need for Texas market design changes to better incentivize the building of more dispatchable power plants. Pablo shares details about the Texas Energy Fund's $5 billion allocation aimed at incentivizing up to 10 gigawatts of dispatchable power, economic hurdles for coal plants as well as combined-cycle gas plants under EPA regulations requiring carbon capture by the end of 2031, opportunities for nuclear energy development, and the lack of clear market pricing signals in ERCOT compared to capacity market spikes in PJM and MISO. We touch on how the new administration might approach power policy, how current federal regulations hinder power sector growth despite incentives for broader economic expansion, and more. We ended by asking Pablo for his predictions for what Texas's generation mix might look like in five years and for the future of ERCOT's connectivity with other grids. We covered a great deal of territory and can't thank Pablo enough for his insights into all these critical topics. Mike Bradley kicked off the show by highlighting that markets remain in “digestion” mode as they continue to react to Trump's Cabinet picks. Over the weekend, Trump nominated Scott Bessent for Secretary of Treasury and markets responded favorably (bond yields dropped) on Monday as many investors believe he'll be more balanced on the tariff front. However, Trump surprised markets a day later by vowing that he'll levy additional tariffs on China (10%) and new import tariffs (25%) on all Canadian & Mexican goods. On the crude oil market front, WTI traded sideways/slightly down over the past week (~$69/bbl) due to a potential ceasefire deal in the Middle East. He noted that the December 1st OPEC meeting will now be virtual. OPEC's leadership will likely look to extend current production curtailments for another three months to get them through the seasonally weak Q1 period. On the natural gas front, U.S. natural gas price in recent weeks has spiked from ~$3.00/MMBtu to ~$3.40/MMBtu due to a colder 6-10-day weather outlook. The real gas story is in Europe where natural gas price in recent weeks has spiked to ~$15/MMBtu due to an early spell of cold weather, lower LNG shipments and extremely low wind generation. On the broader equity market front, the S&P 500 and Nasdaq were up just over 1.5% over the last week as they continue to digest Trump Cabinet picks and what policy priorities might be enacted on early in his Presidency. On the energy equity front, the Energy sector was one of the few S&P sectors down last week (~1.5%). He also noted a handful of Energy & Materials sector deals this past week and ended by discussing that the COP29 Conference in Baku c
DERVOS, 10/25/24, NYCRenewables have been breaking many of the mechanisms in our power markets, irrespective of structure. Across energy only, IRP, and capacity markets, we have been seeing "weirdness" in price action and regulatory responses as solar and wind continue to dominate new installs. It'll be an acronym stew: from PCM and RUC buying in ERCOT, adjusting ELCCs in PJM leading to capacity prices 10x'ing, to NEM 3.0 in CAISO. We want to contend with what this means today and then try to map a path into where it all leads tomorrow. Will these existing structures adapt, or will something new emerge?Speakers: Jacob Mays (Cornell), Brian Bartholomew (REV Renewables), Eric Goff (Goff Policy), Andy Reger (PA Consulting)Moderator: James McGinniss (DER Task Force & David Energy) This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.dertaskforce.com/subscribe
Welcome back to the Mining Pod! For this week's stock show, Colin interviews Bitfarms CEO Ben Gagnon and Senior Vice President of Global Mining Operations Alex Brammer. Bitfarms made a name for itself as one of the first publicly traded bitcoin miners to expand into South America, first with its operations in Argentina and then in Paraguay. Now, Bitfarms is planning to house 50% of its future hashrate in Pennsylvania with its acquisition of Stronghold Digital. They discuss how their new portfolio in Pennsylvania gives Bitfarms the option to enter the energy trading business, and Bitfarms's strategy for potentially breaking into the AI/HPC business by 2026.
Save 15% off any membership with code PJMLIVE15. Learn more about ARE 5.0 exam prep at https://www.blackspectacles.com/pricing. Join Black Spectacles and architect Marissa Yee for the 100th episode of ARE Live to learn the best study strategies for passing the PjM exam. On this episode of ARE Live, we walk through a mock exam for the Project Management division of the ARE 5.0. You'll learn about the PjM exam and we'll cover topics related to assessing criteria required to allocate and manage project resources, interpreting key elements of the owner/contractor agreement and evaluating project documentation to ensure it supports the specified delivery method. Timestamps: 08:33 - Question No. 1 11:41 - Question No. 2 20:55 - Question No. 3 23:42 - Question No. 4 28:29 - Question No. 5 See previous episodes or register for the next ARE Live at https://www.blackspectacles.com/podcast
Maybe you noticed, or maybe you didn't, but a month ago, the PJM auction results were announced and the cost for energy capacity in the largest region in the US saw prices up 800% yoy! This was enough of a shock that we reached out to the Energy Supply Association to ask them to explain what is going on. Rich Excell CFA, CMT was joined by Todd Snitchler, the CEO of Energy Supply Association, to walk us through the supply and demand dynamics in the energy market now
BP has decided to sell its onshore wind business in the US, aligning with the company's return focusing on oil and gas. GE Vernova has partnered with Italian company Lizard Renewables to develop over a gigawatt of renewable power in Italy. Engie has added Ares Management as a partner in a 2.7 gigawatt portfolio in North America. Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us! Pardalote Consulting - https://www.pardaloteconsulting.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelstor - https://www.intelstor.com NF92324 Allen Hall: I'm Allen Hall, president of Weather Guard Lightning Tech, and I'm here with the founder and CEO of IntelStor, Phil Totaro, and the chief commercial officer of Weather Guard Lightning Tech, Joel Saxum. And this is your News Flash. Newsflash is brought to you by our friends at IntelStor. If you want market intelligence that generates revenue, then book a demonstration of IntelStor at IntelStor. com French power utility Engie has partnered with Ares management in a significant us renewable energy deal. Engie North America has attracted Ares management infrastructure opportunities fund as a minority partner in a 2. 7 gigawatt portfolio. of operational solar, wind, and co located storage assets across the U. S. This transaction, NJ's largest operating portfolio sell down in the U. S., involves 15 plants across ERCOT, MESO, PJM, and SPP. Okay, Phil, a lot of acquisitions and mergers happening again, this time with Engie. Philip Totaro: Yeah, this one is Interesting a little bit because it's More or less their first foray besides what they've done in offshore. It's one of their first kind of forays into significant minority ownership from a financially focused partner And, Ares obviously has an appetite. Ares owns a few other assets in the U. S., either majority or significant minority as well. And so to add this kind of a portfolio to the mix gives both companies, It helps both companies achieve what they want in terms of, freeing up some additional capital for Engie to go reinvest in other projects and, bringing on a partner that wants financially viable assets in their, in their portfolio mix. So, look, we've talked about a number of these kinds of deals in the past where, a financially focused company gets into a portfolio, either minority, majority but partners in some way, shape, or form with an experienced owner and operator and it's, it's good to see this, this matchup. And I would expect if there's anyone else out there that hasn't already, executed deals like this, they are probably looking to go in this direction because there is a lot of capital that it's sitting on the sidelines right now. You're, you're not seeing tons and tons of new capital go into new project build out because of interest rates and et cetera. But there is capital kind of sitting on the sidelines that wants to be able to get into renewables. This is still one way they can do that by partnering on a pre existing portfolio. Joel Saxum: And from an operational standpoint, Ares just, I think, a few years ago acquired the majority stake in Apex Clean Energy. And when that happened, I know the Apex Teams ended up operating their assets more themselves. So, and where they were traditionally kind of like letting other ISPs or whatever, or, or FSAs manage them, they turned into a different financial model. So you can look for some of these assets that Engie manages right now with the Ares funds and to possibly adjust how they manage these things. from a operational standpoint as well. But like Phil said,
The nation's largest power market, PJM Interconnection, is proposing to stop payments for energy efficiency initiatives, which are meant to encourage households and businesses to use less power. POLITICO's Catherine Morehouse breaks down PJM's proposal, how FERC is involved, and why clean energy advocates aren't thrilled. Plus, the Treasury Department is proposing a rule implementing a potentially lucrative tax credit that could cover nearly a third of the cost for businesses and individuals installing electric vehicle charging stations in low-income and rural areas. Catherine Morehouse is an energy reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is the managing producer for audio at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy
To meet the nation's rising demand for electricity, we need to build a lot of power generation, and fast, and keep what we have. What's the best way to get there? What policies and market foundations can best incentivize the investment and enable the buildout needed while mitigating costs and keeping the grid reliable? In part 2 of the final episode of our four-part series exploring the challenge and opportunity presented by rising power demand, we interview competitive power experts and executives from Alpha Generation, Calpine Corporation, and LS Power.See Calpine's press release on expansion of generation development efforts in the PJM region.Liked this episode? Share it on X @EPSANews or LinkedIn at Electric Power Supply Association. Want more competitive power updates? Sign up for our monthly Power Moves newsletter.
We're back! This time with Nic Freschi, Senior Associate at Gable Associates and all around PJM wizard. Nic is a friend and OG member of the DERTF. Almost a year ago, Nic's models began predicting the ~10x increase in PJM capacity prices we saw in the recent auction. How did he know?In this ep, we go deep on every acronym you could ever imagine: ELCC, ORDC, PCM, LSERO, UCAP, ICAP, and so much more. Tune in to learn how ELCCs work, how prices clear in the PJM auction, if renewables can ever proliferate in capacity markets, the future of PJM, whether private traders or public bureaucrats should have their hands on the “ELCC dials”, comparing and contrasting ERCOT to PJM, James getting PJM-pilled, and so much more! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.dertaskforce.com/subscribe
Rapidly rising electric power demand driven by data centers and AI, manufacturing growth, the push to electrify the economy, and other factors means we're going to be asking a lot of America's energy infrastructure. What is the current state of the power grid? With reliability concerns already on the horizon, how will the need to connect and run not just new megawatts or gigawatts – but terawatts – of power impact the system? What kinds of power generation will be needed to keep the lights on, and how are system planners keeping pace? Reliability watchdog Jim Robb of the North American Electric Reliability Corporation, analyst Christi Tezak, and Aftab Khan, who leads operations, planning, and security for the nation's largest grid operator, PJM Interconnection, weigh in. This is the second episode in a four-part series from Energy Solutions, exploring the challenge and opportunity presented by rising power demand, policy and market design considerations, and ways to meet the moment. Episode Guests: Jim Robb, president and CEO, North American Electric Reliability CorporationAftab Khan, executive vice president of operations, planning, & security, PJM InterconnectionChristi Tezak, senior director, ClearView Energy Partners LLCThe opinions and analysis presented in this episode represent the viewpoints of the speakers, not necessarily those of the Electric Power Supply Association.Liked this episode? Share it on X @EPSANews or LinkedIn at Electric Power Supply Association. Want more competitive power updates? Sign up for our monthly Power Moves newsletter.
Let us know how we're doing - text us feedback or thoughts on episode contentThe US has enough renewable energy stuck in the permitting process to fully replace every single gas and coal facility on the current power grid. But the interconnection process, a convoluted analysis of impact, costs, siting and permitting requirements, has become a chokepoint for getting new renewable projects built. Only a percentage of those projects being developed are likely to ever come to completion.In this episode, Paul discusses some of the reasons as to why the interconnection queue has swelled to more than 2 Terrawatts of proposed capacity - and what we can do about that.For further research:"FERC approves PJM's ‘first-ready, first-served' interconnection reform plan, steps to clear backlog" - Utility Dive"Explainer on the Interconnection Final Rule" - FERC"Why the energy transition broke the U.S. interconnection system" - Utility Dive"Queued Up: 2024 Edition - Characteristics of Power Plants Seeking Transmission Interconnection As of the End of 2023" - Lawrence Berkeley National LaboratoryFollow Paul on LinkedIn.
Heat waves like the one we're in right now mean people will use more electricity for things like air conditioning. PJM, the electrical grid operator for the northeast region including Pennsylvania, is handling demand so far with the temperatures in the 90s day after day. With just more than one week until the budget deadline, the state Senate Majority Leader is addressing concerns about negotiations around the annual spending plan. Aerospace manufacturer Boeing is downsizing its workforce in Pennsylvania. The Free Application for Federal Student Aid has undergone a recent overhaul to make things easier. But its rollout has caused stumbling blocks for both high school students and colleges. Penn State trustees are hearing about the impact. Independent presidential candidate Robert F. Kennedy Jr. has filed paperwork to get on the ballot for the November election in Pennsylvania. Pennsylvania's highest court will decide whether the cash-paying electronic game terminals that are commonplace in convenience stores, bars and elsewhere are unlicensed gambling machines. Hershey's Joe Snively broke a third-period tie on a power-play scramble as the defending AHL champion Hershey Bears held off the Coachella Valley Firebirds 3-2 in Game 4 of the Calder Cup Final. The series is tied at two games apiece.Support WITF: https://www.witf.org/support/give-now/See omnystudio.com/listener for privacy information.
In this episode, we explore Conduit Power's groundbreaking solution to transform stranded flared gas into valuable power, offering a sustainable and profitable alternative for E&P producers, with insights from co-founders Ben and Travis on their journey through the evolving landscape of energy transition and distributed generation.This episode delves into:The origin story of Conduit Power, highlighting how Ben and Travis leveraged their backgrounds in the energy sector to address the challenge of low gas prices and high power volatility, creating a unique business model that benefits E&P producers by converting stranded gas into electricity.An in-depth look at Conduit Power's turnkey solution, which encompasses design, build, operate, and manage services, enabling E&P producers to monetize stranded gas efficiently and contribute to the grid's stability.The significance of power quality and the innovative use of battery storage alongside natural gas turbines to ensure reliable and dispatchable power, addressing the intermittent nature of renewable energy sources like wind and solar.The broader implications of distributed generation and the role of natural gas as a transitional fuel in achieving a balanced and sustainable energy mix, emphasizing the need for a holistic view that includes thermal generation alongside renewables.Conduit Power's growth trajectory and future plans, including expanding into new markets like PJM and partnering with more E&P producers to unlock the value of stranded gas, underscoring the company's commitment to energy transition and grid stability.Join us as we dive into the transformative work of Conduit Power, shedding light on the potential of stranded gas as a key player in the energy transition, and how innovative business models and technologies can pave the way for a more sustainable and efficient energy landscape.
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