ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Interconnection woes make strange bedfellows

Utilities and clean energy developers are coming together to address critical issues surrounding interconnection.
Follow @EngelsAngle

Laurence Abcede, manager of distributed energy resources at San Diego Gas & Electric, and CJ Colavito, vice president of engineering at Standard Solar, joined Episode 23 of the Factor This! podcast to discuss their roles in developing the GridTECH Connect Forum— a new event that's bringing together utilities and developers to improve interconnection. Request to attend the inaugural event in San Diego, California on Feb. 6, 2023. Episode 23 of the Factor This! podcast will be available on all platforms on Monday, Oct. 31.

The scenario is familiar.

A developer wants to tie a new clean energy project to the grid faces seemingly exorbitant grid upgrade costs and delays. At the same time, a utility that is focused on maintaining reliability labors to adapt to a rapidly changing grid and business model.

Interconnection--the place where developers and utilities most often collide--is the boogeyman of the energy transition. And incentives to deploy clean energy under the recently enacted Inflation Reduction Act don't address the problem.

The contentious relationship that has developed between utilities and developers has pushed both deeper into their own corners. That's too bad because the only way forward will be for both sides to work cooperatively, if not always collaboratively.

That's why Clarion Energy is launching the GridTECH Connect Forum— a regional event that is breaking down energy industry silos to bring together utility leaders and DER developers to improve the interconnection process.

Registration is open, but limited, for the inaugural GridTECH Connect Forum in San Diego, CA on Feb. 6, 2023. The event will focus on the issues facing the California market. Request to attend by clicking here..

The timing couldn't be more urgent. California narrowly emerged for another summer heatwave that threatened the grid. And a mandate to switch from gas-powered vehicles to electric is fast approaching, presenting its own set of challenges.

"We need to work together to evolve these new technologies and bring them forward, not just for the sake of making financials but for reliability, safety, and meeting our strict, aggressive deadlines on deploying clean technology," said Laurence Abcede, manager of distributed energy resources at San Diego Gas & Electric, and a member of the GridTECH Connect Forum advisory board. He spoke as part of the Factor This! podcast.

But it's not only technological advancements that can improve and simplify the interconnection process.

Something as simple as opening the lines of communication between utilities and developers is a "low-hanging fruit," according to CJ Colavito, vice president of engineering at national community solar developer Standard Solar.

"As a developer, and owner/operator, that's a golden opportunity because I would say communication between the developers and owner/operators is not great with the utilities," said Colavito, who also serves on the GridTECH Connect Forum advisory board. "Everybody wants to move towards this sustainable, renewable energy future. And we have to figure out better ways to interconnect and integrate."

The GridTECH Connect Forum will bring together industry leaders to discuss opportunities for collaboration on interconnection upgrades, getting ahead on vehicle-to-grid technologies, demand response, and more.

See the conference agenda here.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.