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EV Charger Industry Sees First Major IPO – ChargePoint

October 27, 2020
By 
Andrew Kinross

When the electric vehicle charger company ChargePoint went public on September 24, 2020 through a reverse merger, there were a lot of investors celebrating the $2.4 billion valuation (enterprise value) that the company achieved. The company had backers from the oil & gas, utilities and automotive industries including US firms Chevron and AEP and European firms Daimler, BMW and Siemens. There was also a wide range of venture capital and private equity investors including GIC and Canada Pension Plan Investment Board.

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Large Scale Renewables Procurement on New York State’s Path to 70% Renewable Energy by 2030 and 100% Carbon-Free Electricity by 2040

August 20, 2020
By 
Carson Robers

While the announcement of combined solicitations for 4,000 MW of offshore wind (NYSERDA) and land based renewables (NYSERDA & NYPA) on July 21, 2020 was historic, this is the continuation of a ramp up in renewables procurement in New York State and indicative of what is required for the state to meet its goals established in the Climate Leadership and Community Protection Act. In the last three years, 2017-2019, NYSERDA has contracted about 6,000 MW of large scale renewables. The state’s procurement will not stop in 2020. NYS will continue to be an attractive market for clean energy development offering opportunities for long term contracts.

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Recent New York White Paper Proposes Addition of Tier 4 (Renewable Energy Deliveries into New York City) to the Clean Energy Standard

July 10, 2020
By 
Carson Robers

Last month the New York State Energy Research and Development Authority (NYSERDA) and New York Department of Public Service (DPS) published a White Paper on Clean Energy Standard Procurements to Implement New York’s Climate Leadership and Community Protection Act. This White Paper aims to provide a framework to better align the state’s Clean Energy Standard (CES) with its Climate Leadership and Community Protection Act (CLCPA) passed in 2019 while also utilizing the existing CES procurement structure to achieve the state’s target of 70% renewable energy by 2030.

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New England Class I REC Market Update

November 12, 2019
By 
Andrew Kinross

While most Class I REC markets across the country are generally oversupplied, the smaller New England Class I REC market stands apart as recent events have driven prices dramatically higher over the last year (Figure 1). In fact, 2019 vintage Class I RECs have climbed all the way from $7/REC a year ago to about $40/REC today, a stunning 5.7x increase. This suggests a shortage of RECs available in the marketplace to compliance entities who need to meet state Renewable Portfolio/Energy Standards.

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Power Advisory LLC Kicks Off Procurement Process for Tidal Energy in Nova Scotia

November 6, 2019
By 
Power Advisory

Toronto, Ontario, November 6, 2019 – Power Advisory LLC (Power Advisory) has initiated the procurement process for an in-stream tidal energy demonstration project in Nova Scotia, which offers one of the largest tidal energy resources in the world.

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Power Advisory Adds Andrew Kinross to its Team

September 24, 2019
By 
Power Advisory

Power Advisory LLC, a leading North American management consulting firm that specializes in electricity sector matters and solutions, is pleased to announce the addition of Andrew Kinross as Director based in Boston. Andrew will be augmenting the leadership team at Power Advisory, helping to grow the firm’s business across the US and Canada.

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Massachusetts Doer Clean Peak Standard Regulations Update

August 22, 2019
By 
Andrew Kinross

On August 7th and 9th, the Massachusetts Department of Energy Resources (DOER) held informational meetings on the development of the Clean Peak Standard (CPS), which would require retail energy suppliers to procure a portion of their supplies from clean energy resources produced (either through generation or energy storage) during defined peak periods.

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US OSW Project Construction Pinch Points

July 29, 2019
By 
Carson Robers

Two weeks ago New York State announced that they were negotiating contracts with two OSW projects totaling 1,696 MW, with 2024 commercial operation dates (COD), a year when additional 1,348 MW is scheduled to enter commercial operation: Ørsted US Offshore Wind’s (Ørsted’s) 1,100 MW Ocean Wind Project and US Wind’s 248 MW Maryland project. With this the US Northeast/Mid-Atlantic has awarded or is anticipated to award this year OSW contracts representing over 6,000 MW. These are shown by their anticipated COD and developer below.

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