Management Matters: Monthly Digest of Insights Shared by Your Peers in the Energy Central Utility Management Group – September 30, 2021
- Sep 30, 2021 8:04 pm GMT
Welcome to the Utility Management Group roundup, Management Matters. As always, your fellow group members are paying close attention to utility management trends and sharing their insights. This month’s selection includes information about the importance of supporting green businesses, developments in energy storage, and more. Be sure to like and comment on your favorite posts. Happy reading!
Real-Time Power Markets Would Save Southeast Over $100 Billion
Link to original article: https://energycentral.com/c/um/real-time-power-markets-would-save-southeast-over-100-billion
In this post, Alex Hobson, Vice President of Communications at the American Council on Renewable Energy (ACORE) announces that ACORE has published a new report, which finds real-time power market options in the American Southeast would generate over $100 billion in cost savings compared to the proposed Southeast Energy Exchange Market (SEEM). The report, called Maximizing Cost Savings and Emission Reductions: Power Market Options for the Southeast United States, examines energy imbalance market (EIM) and regional transmission organization (RTO) options. In addition to the cost savings, the report finds, these frameworks would create more jobs over the next 20 years.
Supporting “Green” Businesses as a Strategic Export Can Drive Revenue Growth and Carbon Reduction on a Global Scale
One of the best ways to stimulate the green economy is for governments to support the companies that can contribute to it. In this piece, Glen Spry, CEO & President at SensorSuite explains that these companies are creating the solutions to help achieve carbon reduction goals worldwide. He notes that, with such an initiative, governments, investors, and shareholders would benefit from creating environmental support that is urgently needed.
Celebrating World Energy Storage Day
Link to original article: https://energycentral.com/o/EPRI/celebrating-world-energy-storage-day
September 22 was World Energy Storage Day, the perfect time to remember that energy storage is becoming increasingly important to reaching electric grid decarbonization goals. Here, Lola Infante, Executive Director, Government and External Affairs at the Electric Power Research Institute (EPRI) describes the related research areas EPRI is pursuing. They include energy storage and the grid, electric vehicles and batteries, nuclear beyond electricity, and large-scale energy storage.
The Surprising Impact Cannabis Growers Could Have on Utilities
Link to original article: https://energycentral.com/o/franklin-energy/surprising-impact-cannabis-growers-could-have-utilities
In this article, Ed McGlynn, VP of C&I Products at Franklin Energy states that passage of the SAFE Banking Act —which protects banks and credit unions from serving the cannabis industry — would have a large impact on the national power sector. He reasons that, with cannabis operators getting easier access to financial services, demand for their products would sharply rise. As operators work to meet that demand, their energy use would rise as well, presenting challenges to utilities. Yet not all utilities are ready to meet those challenges.
Thanks again for reading this edition of Management Matters! The authors listed above are eager to hear your thoughts and questions, so don’t hesitate to engage them. And if you want your content to be featured in this spot in future issues, be sure to publish your posts within the Utility Management Community.
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