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I don't know if this is too political. But this should help with solar.........
Australia's Climate Change-Denying Prime Minister Has Been Ousted
Alissa Walker, Gawker Media
Sep 15, 2015, 12.30 AM IST
He said he was "hugely unconvinced" on the science of climate change and once called wind turbines "awful." Now the same Australian prime minister who's been labeled an environmental villain has been removed from office.
As we reported back in July, Tony Abbott's troubled term included undoing lots of the great work that Australia had accomplished in the clean energy arena, most recently ordering national banks to stop financing wind and solar programs:
After assuming office, Abbott quickly moved to dismantle Australia's limited carbon reduction systems, lower the country's renewable energy targets, and disband a climate advisory body. In September of 2014, Abbott was notably absent from a UN climate summit that included more than 120 world leaders.
Leap in solar inverters with HD-wave technology
High-efficiency, semi-transparent perovskite/graphene solar cells created at low cost
COLIN JEFFREY SEPTEMBER 11, 2015
The semi-transparent, inexpensive solar cells have a claimed conversion efficiency of around 12 percent (Credit: Hong Kong Polytechnic University)
http://www.gizmag.com/transparent-perovskite-solar-cells-graphene-electrodes/39349/
With the continued rise in the uptake of solar cells, consumers are now looking at less obtrusive ways to incorporate these in buildings and vehicles. Transparent or semi-transparent cells provide greater flexibility and visual appeal than standard, opaque silicon solar cells, however their relatively high-cost and poor efficiencies have meant that their adoption has been slow. To help remedy this, researchers working at the Hong Kong Polytechnic University (PolyU) have created semi-transparent, efficient, low-cost perovskite solar cells with graphene electrodes.
First generation silicon solar cells have been the mainstay of photovoltaic (PV) energy conversion for many years now due to their high stability and efficient energy conversion, but their opacity and expense mean that alternatives are now being actively sought for modern building and vehicle applications. Thin film PVs (second generation solar cells) are lightweight and flexible, but are expensive because they are created from rare materials using complex structures requiring high-temperature production processes.
Now, utilizing such materials as thin-film perovskite, the third generation of solar cell is currently being developed for commercial use in the not-too-distant future with the promise of greater power conversion efficiencies, simpler fabrication processes, and lower cost.
In this vein, the PolyU researchers have developed their own version of the third generation solar cell using semitransparent perovskite with graphene used as the electrodes. Being exceptionally thin but with high conductivity and low cost, graphene makes an ideal choice for semitransparent solar cells as it allows light to be absorbed from both sides. As such, the researchers envisage these devices potentially able to be used in windows, louvers, and building roof surfaces, thereby increasing the available surface area for collecting solar energy.
Solar Power International is North America's premier educational conference and product exhibition bringing together more than 15,000 solar energy industry professionals from over 75 countries
September 14-17, 2015
Anaheim Convention Center
Anaheim, California
http://www.solarpowerinternational.com
U.S. solar power installations exceed 20 gigawatts
By IVAN PENN contact the reporter
U.S. solar power installations continued to climb in the second quarter of 2015, reaching a new high compared with the same period in previous years, according to a report released Wednesday.
The total amount of solar-electricity capacity nationwide topped 20 gigawatts, or enough to power 4.6 million homes.
The sun rises over the photovoltaic solar panels at the 550-megawatt Desert Sunlight Solar Farm in Desert Center. The photovoltaic solar farm is one of the world's largest, on 3,800 acres of federal land in Riverside County. (Marcus Yam / Los Angeles Times)
The demand for solar energy is now higher than ever and this report spells out how crucial it is for America to maintain smart, effective, forward-looking public policies,” said Rhone Resch, president and chief executive of the Solar Energy Industries Assn., which published the findings.
“U.S. solar growth has exploded and more than 150,000 American solar jobs have been created. By any measurement, that’s a success for both our economy and environment.”
Part of the growth continues in the residential solar market, which set records in the second quarter. Residential solar grew 70% year-over-year with 473 megawatts installed. California by far leads the nation in all solar installations.
The solar industry report highlighted the popularity of residential solar in the state, despite the fact that residential incentives are no longer available in the service areas of Southern California Edison, San Diego Gas & Electric and Pacific Gas & Electric. In the first quarter of this year, for instance, 94% of residential solar installations came online without incentives, the report states.
Nationwide, the non-residential market finished the quarter down 33% from the same period last year. But utility-scale solar still made up 52% of all solar installations at 729 megawatts.
“The utility PV market continues to be the bedrock driver of new installation growth. And in the second half of this year through 2016, growth will reach new heights as a higher share of what comes online stems from projects procured purely based on centralized solar’s cost competitiveness,” said Shayle Kann, senior vice president at GTM Research, which helped produce the report.
The solar industry and GTM Research expect solar installations for 2015 to exceed last year by 24%, or 7.7 gigawatts, more than a third of the current U.S. total.
For more energy news, follow Ivan Penn on Twitter: @ivanlpenn
The archaic nature of 'baseload' power
Michael Mariotte 7th September 2015
http://www.theecologist.org/News/news_analysis/2985269/the_archaic_nature_of_baseload_power.html
They never believed that we would have an effect.....
How Australia’s Electricity Demand Is Slashed By Solar PV
September 5th, 2015 by Giles Parkinson
Originally published on RenewEconomy.
http://cleantechnica.com/2015/09/05/how-australias-electricity-demand-is-slashed-by-solar-pv/
Every Australian household is aware of just how much electricity bills have risen in the past five years. They have effectively doubled, driven almost entirely by soaring network costs – the result of building a grid for demand forecasts that were never met.
Solar power's bright future, in one illuminating chart
Date September 4, 2015 - 11:25AM
Read more: http://www.theage.com.au/business/energy/solar-powers-bright-future-in-one-illuminating-chart-20150903-gjewsi.html#ixzz3kjlTL9fk
A massive investment in solar power is expected over coming years. Photo: Aaron Sawall
"I'd put my money on the sun and solar energy. What a source of power!"
That's a famous quote from Thomas Edison, the legendary inventor of the lightbulb and electricity distribution systems, in 1931. It's only taken eight and a bit decades, but his prediction is finally beginning to look prescient. In case you didn't notice, there is a bit of a solar revolution underway globally. And to use a mixed energy metaphor, it's gathering steam.
Governments from California to Germany are pinning their hopes on solar energy as a cleaner source of power, while advances in battery and solar PV (photovoltaic) technologies are enabling people in Australia and elsewhere to go off the grid.
Solar gained another influential supporter this week in the form of the research department of UBS. The investment bank's energy analysts made some staggering predictions about solar power Fairfax Media's energy writer, Angela McDonald Smith, reported.
UBS said solar could account for a quarter of the world's installed power generation capacity by 2050, and that it could eventually replace nuclear power and coal as the default energy source of the future. Locally, Origin Energy has said solar can rival new wind for cost competitiveness by the end of the decade in Australia.
One of the common criticisms of renewable energy sources like solar is that they require huge subsidies from governments to be economic. Well, UBS has a riposte to that as well, as this chart shows.
"Perhaps against 'common sense', global subsidies don't appear an excessive burden," the analysts write. Subsidies will peak at about €70 billion ($110 billion) by 2025. But that would be just 0.03 per cent of global GDP, and at they point they would begin to decline, as new cheaper facilities replace older ones, and as technology and scale benefits kick in. At some point between 2045 and 2050 subsidies will basically be negligible.
If UBS is right, solar's future does look very bright indeed.
Amazed (and happy) that this hasn't crashed worse.....I was sure that this was going to be back to 7¢. Happy that it hasn't...
Showed some strength lately. Or maybe they are just ignoring it....
Lets get that battery out!
Berkshire Hathaway shareholders sign petition supporting rooftop solar
More than 18,000 people have signed a petition asking Warren Buffett and NV Energy to ease what it calls their opposition to rooftop solar. The petition, released by ClimateTruth.org, includes more than 400 signatories who are investors in Buffett’s holding company, Berkshire Hathaway, which includes NV Energy.
Lobbyists for Berkshire Hathaway have pushed to eliminate a credit or add new costs for rooftop solar customers in Nevada, Utah, Washington and other states, arguing that the policy is a burden on nonsolar customers.
In the past decade, Berkshire Hathaway has invested $15 billion in utility-scale solar projects around the country. The company recently signed onto the the White House’s American Businesses Act on Climate Pledge, promising an additional $15 billion investment in renewables.
For the petition signers, what Berkshire is doing isn’t enough. “They’ve made a great commitment, but what’s happening in Nevada and Utah runs contrary to it,” Brant Olson, campaign director for ClimateTruth.org, said.
Roger Levine, 77, is a Berkshire shareholder who has solar panels on his home in Las Vegas. He signed the petition despite his financial interest in Buffett’s company. “I want him to leave net metering alone,” he said. “There are people ignoring climate change and we are seeing the results of it.”
Faith Frank, a Las Vegas solar customer and Berkshire shareholder, also signed the pledge. “I am sure Warren Buffett is a perfectly nice man, but I am so tired of American corporations trying to squeeze out the last penny of profit at the cost of the environment,” she said. “It’s driving me crazy.”
Berkshire has a diverse set of interests aside from the billions it has invested in renewables — it also has a large stake in the fossil fuel industry. This week, Berkshire paid $4.5 billion to become the largest shareholder in the United States’ largest oil refiner Phillips 66.
Buffett’s role in Nevada’s rooftop solar debate has been making headlines this year, but that should be over by 2016.
After the state’s cap on new net metering customers was reached months prior than expectations, the state Public Utilities Commission issued rules in August that keep in place the rate structure for the net metering program until a more permanent solution can be reached before 2016.
In related news, Buffett’s Berkshire takes $4.48 billion stake in Phillips 66.
(c)2015 the Las Vegas Sun (Las Vegas, Nev.)
U.S. Energy Secretary: Solar and wind energy now cost-competitive without subsidies
Michael Graham Richard (@Michael_GR)
Energy / Renewable Energy
September 1, 2015
Public Domain U.S. Government
And they'll only get cheaper over time...
U.S. Energy Secretary Ernest Moniz, who trained as a nuclear physicist, believes that the price of solar and wind power have fallen so dramatically that the market for them can now grow without subsidies. Moniz told reporters that the Obama administration supports Congress' extension of renewable energy tax credits, but "I certainly see solar growing" even "without subsidy" and the cost reductions have "been incredible" for the solar industry, making for an improved "value proposition ... in many contexts."
He said the cost of electricity from rooftop solar panels could fall to as low as 6 cents per kilowatt hour very soon, which makes it "extremely competitive" with natural gas and other fossil and non-fossil power plants.
The cost of wind also has fallen dramatically in the last year, making the electricity produced by wind farms cost competitive with fossil fuels such as natural-gas-fired power plants, according to a report issued earlier this month by the Energy Department. (source)
SolarCity/Promo image
A report on wind technology from a few weeks ago said: "Lower wind turbine prices and installed project costs, along with improvements in expected [production capacity], are enabling aggressive wind power pricing" The report shows that prices dropped from nearly 7 cents/kWH in 2009 to 2.35 cents/kWh in 2014, which is pretty incredible (it's not that low everywhere, but over time it should keep going down). The report says the cost trend placed wind "below the bottom of the range" of nationwide power prices in 2014. That makes wind power very competitive against natural gas power generation through 2040, according to projections.
This doesn't mean that all subsidies should immediately dropped or anything drastic like that, though. The fossil fuel industry has had billions and billions and billions in help over decades and decades, and they still receive all kinds of favored treatment. I think we can keep pushing clean energy for a while to help it replace dirty sources of power faster than it would without the help. If we want to save a few bucks somewhere, we should cut fossil fuel subsidies instead. There's a lot more fat to cut there anyway...
National Renewable Energy Laboratory photo/Public Domain
Super Battery Technology - High Capacity Cathode
David D. Lee | BioSolar
08/20/15, 08:46 AM | Storage & Distribution | BioSolar, Inc. | lithium, research
Please provide a description of the BioSolar Super Battery and its capabilities.
http://www.altenergymag.com/article/2015/08/super-battery-technology--high-capacity-cathode/21053
BioSolar is currently developing a high capacity Super Cathode for use by battery manufacturers to create the ultimate high capacity, low cost lithium-ion battery.
Our novel high capacity cathode is engineered from a polymer, similar to that of low-cost plastics used in household products. Utilizing a smart chemical design, we manipulate the polymer to hold a tremendous amount of electrons. Rather than relying upon conventional cathodes that use lithium-ion intercalation chemistry, an inherently slow process, we exploit the fast redox-reaction properties of our polymer to enable rapid charge and discharge.
While most lithium-ion batteries do not retain more than 80% of storage capacity after 1,000 charge-discharge cycles, we believe the stable redox chemistry of our cathode material can enable significantly longer life. Our laboratory experiments have indicated that the cathode can cycle over 50,000 times without degradation in super capacitors. We are also confident that it can be extremely effective in batteries as well.
Based on internal analysis, a super battery built upon this innovative technology can double the capacity, cost four times less, and potentially break the $100/kWh cost barrier needed for mass market adoption of energy storage. Achieving the $100/kWh cost barrier would effectively reach what is referred to as the "holy grail" for energy storage.
What are the ideal applications for this technology?
We are essentially trying to solve what has been one of the fundamental challenges since the inception of renewable energy technology – once the energy is captured by PV panels, where do you store it? We hope to represent that solution.
On the other hand, we believe our technology can reach a wide variety of industries and verticals. Electric vehicles and stations, residential and commercial solar systems, and even consumer products such as personal cellular devices represent market opportunity.
Which of these applications is the best suited to focus on for the next few years?
Transportation is the fastest growing segment of battery industry and is one of the biggest users of energy storage. A low cost, fast charging and long- range battery will enable the mass adoption and affordability of clean-energy vehicles to replace fossil fuel vehicles. Therefore, our highest priority will be to partner with conventional battery manufacturers that are already supplying to the transportation industry.
On-site energy storage is a very fast growing sector, as well. A super battery that can increase capacity, costs much less, and can break the $100/KWh cost barrier needed for mass market adoption of energy storage, will be a major contributor to on-site energy storage regardless of whether they are attached to solar power generation or not. Therefore, we will be placing a high priority on this sector.
Consumer Electronics is also a very large segment of battery industry, and includes everything from mobile phones, laptops, power tools, Internet of Things (IoT). Higher energy capacity and rapid charge will enable mobile lifestyles where we don’t have to worry about running out of battery charge, or be attached to wall outlets of airport terminals waiting for that extra charge. We will be looking for opportunity to team up with mature battery manufacturers already entrenched in his sector.
How does BioSolar’s energy storage technology differ from that of competitors and other technologies?
Since there is really no established energy storage product viewed as being truly effective and revolutionary, our main competition is represented by the many lithium-ion battery solutions that have been widely available but without groundbreaking performance improvements. Most recent research and development focused on achieving incremental improvements in charging capacity, costs, or longer life cycle, etc., but are not all at the same time. More importantly, most groundbreaking solutions are not expected to become mature products in the near future.
Our novel high capacity cathode is engineered from a polymer that provides high charging capacity at lower costs. Rather than relying upon conventional cathodes that use lithium-ion intercalation chemistry, an inherently slow process, we exploit the fast redox-reaction properties of our polymer to enable rapid charge and discharge.
Our cathode can provide longer life cycle for the Li-ion battery. The longer life cycle is due to the stable redox chemistry of our cathode material as demonstrated by our laboratory experiments using the cathode in super capacitors.
Our novel cathode is compatible with current battery manufacturing processes. Conventional electrolytes and aluminum current collectors can be used. Therefore, today's battery manufacturers can simply replace the cathode fabrication process with the new BioSolar materials and processes. This will allow our battery manufacturing partners to achieve significant capacity improvement and cost savings without having to make major modifications to their existing manufacturing equipment or processes.
Please explain the challenges BioSolar, and other companies face, with respect to commercialization. Use this question to address the $100/kWh cost barrier to mass market adoption.
The innovation recently occurred in the renewable energy space and tech spaces, be it electric cars, solar expansion, new cellular products, and interest from utility power companies, all of which are providing excellent market opportunity for battery technologies that can help address the $100/kWh cost barrier to mass market adoption.
There have been numerous attempts by a number of startup companies to commercialize their battery technologies that promises incremental improvement in storage capacity, cost, or long term reliability. Unfortunately, none have been able to provide compelling technology that can challenge the $100/kWh cost barrier by relying upon conventional cathodes that use lithium-ion intercalation chemistry, an inherently slow process.
Therefore, it is extremely important for any startup company to be able to provide solid evidence that its technology is indeed capable of addressing the $100/kWh cost barrier in order to convince its potential partners and customers already entrenched in the market.
Our near term goal is to build commercial grade prototype cathodes that enable full scale testing of Li-ion battery incorporating the cathode. The performance data obtained from the full scale testing will help us to secure beneficial partnerships.
Battery designs based on new chemistry or breakthrough technology often require entirely different ways of manufacturing. Thus, existing manufacturing facilities can no longer be used to manufacture new batteries without undergoing substantial new investments in equipment and processes. Therefore, it is important for the technology to be easily inserted into existing battery manufacturing processes.
How will you get over the hump and bring the battery to the market in a big way?
Our near term goal is build commercial grade prototype cathodes that can be used to perform full scale testing of Li-ion battery incorporating our cathode. Next, we will use the performance data obtained from full scale testing to secure technology/manufacturing partnerships with companies that have significant potential market share in the Li-ion battery industry.
We will also demonstrate that our cathode is compatible with current battery manufacturing infrastructure, and that conventional electrolytes and aluminum current collectors can be used efficiently. Therefore, today's battery manufacturers can simply replace their existing cathode fabrication process with the new BioSolar platform. We believe this seamless transition will drastically increase the likelihood that our technology garners mass adoption.
What are the next steps for BioSolar as it pursues commercialization?
We are in the process of preparing commercial grade prototype cathodes that can be used to perform full scale testing of Li-ion battery incorporating our cathode. Next, we will use the performance data obtained from the full battery system (incorporating our cathode) testing to secure technology/manufacturing partnerships with companies that have significant potential market share in the Li-ion battery industry.
We are working hand in hand with the University of California, Santa Barbara, who we recently extended our research agreement with. UCSB is considered to be a global leader in bioengineering, chemical and computational engineering, materials science, nanotechnology and physics. We are confident that the combined efforts of all scientific professionals involved will continue to advance this technology closer to the goal of achieving a $100/kilowatt-hour cost milestone for energy storage.
About David D. Lee, Ph.D - President and Chief Executive Officer
David D. Lee, founder of the BioSolar, has over 30 years of engineering, marketing, sales, and corporate management experience in the areas of military and consumer communication systems, automotive electronics, software development and consulting. He has held senior management positions in numerous technology companies over the course of his career including Chief Operating Officer for Applied Reasoning, Inc., an Internet software development company; Vice President and General Manager of RF-Link Technology, Inc., a wireless technology company; Program Manager at TRW Transportation Electronics, and Systems Engineer at TRW Space and Defense. Dr. Lee holds a Ph.D. in Electrical Engineering from Purdue University, a Master of Science in Electrical Engineering from the University of Michigan Ann Arbor, and a Bachelor of Science in Electrical Engineering from the University of Texas at Austin.
08/20/15, 08:46 AM | Storage & Distribution | BioSolar, Inc. | lithium, research
I see ask at 30¢
Why? We have no product.
But WHEN IT DOES HIT!
Solar3D : Updates on Acquisition of Elite Solar
08/30/2015 | 02:35am US/Eastern
Solar3D commented on the importance of the addition of Elite Solar to its family of companies.
http://www.4-traders.com/SOLAR3D-INC-21162903/news/Solar3D--Updates-on-Acquisition-of-Elite-Solar-20964766/
According to a media release, the acquisition of Elite Solar also continues Solar3D practice of adding another profitable solar company with a strong reputation for customer service throughout its region.
"Identifying solar companies for our consolidation strategy requires a vigorous due diligence process that our team takes very seriously," said Jim Nelson, CEO of Solar3D. "While vetting a number of strong companies, we were drawn to Elite Solar's rapid organic growth in the Northern California and Central Valley farming sector, as well as their synergistic value-add to our other divisions, SUNworks and MD Energy. An important part of our consolidation strategy is to build an ecosystem where all Solar3D subsidiaries, current and future, leverage expertise and resources through their relationship with one another, resulting in a Solar3D enterprise with stronger offerings, more market presence, and poised for tremendous revenue growth."
Elite Solar, led by CEO Kirk Short, is comprised of over 25 professionals whose reputation for providing customer-friendly solar solutions has resulted in sales expected to approach $20 million in 2015 compared to $7.5 million in 2014, an increase of 166 percent -- with a very strong year end backlog. Elite Solar is known for its presence as a dominant player within the agricultural solar industry in California, executing approximately 70 percent of its contracts in the farming sector, with 20 percent in commercial, and 10 percent residential. Their foothold in the space is expected to align directly with SUNworks' growing area of focus, as the Roseville, CA- based subsidiary has recently closed a flurry of contracts for large agricultural solar projects.
"We believe the integration of Elite Solar into Solar3D will provide the resources and infrastructure we need to continue our rapid growth and allow the combined company dominate the California farming solar market," said Kirk Short, CEO of Elite Solar. "The size and scope of the solar projects we've completed have dramatically increased this year as we have signed a number of projects in excess of a megawatt. We expect this trend to continue due to our collaboration with SUNworks, a peer organization with a very specialized know-how for designing and installing solar systems that reduce energy costs for California farmers."
Nelson concluded, "While investing the months of work finding Elite, framing the deal, and concluding our agreement with Kirk Short and his team, we have continued discussions with a group of other solar companies that fit our criteria. We believe that we will be able to come to agreements with more outstanding companies in the coming weeks and months."
Solar3D, a provider of solar power solutions, is focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers.
More Information:
http://www.Solar3D.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
(c) 2015 ProQuest Information and Learning Company; All Rights Reserved., source Newspapers
Delete please
Economies of scale: Why small solar is better than big solar
By John Farrell on 25 August 2015
http://reneweconomy.com.au/2015/economies-of-scale-why-small-solar-is-better-than-big-solar-15602
While utilities continue to imply that large-scale solar projects are more economical than small ones, the data is telling another story. In fact, costs for transmission and distribution of utility-scale solar energy may largely undermine the modestly better economics at the point of generation.
In other words (as I wrote a month ago), Utility Solar May Cost Less, But It’s Also Worth Less.
But let’s skip any further word chopping and get to the charts. This first one shows the median installed prices for solar in the US as reported in 2014 for distributed solar, and the adjusted modeled prices for utility-scale solar from Q4 2013.
As noted by National Renewable Energy Laboratory and SunShot, the modeled costs for solar are typically much lower than the actual reported cost. As noted in the chart, the costs here do not reflect the cost to deliver energy to customers. Distributed solar is on-site and has near-zero delivery costs. Utility-scale solar may have significant costs.
The following chart illustrates the advantage of large-scale solar at point of generation relative to residential solar.
But looking at installed costs doesn’t tell the whole story, because (as noted) it doesn’t reflect the cost to deliver energy to users. The following chart converts the installed cost into the cost of energy, and adds in Clean Coalition calculations for the delivery cost of energy from large-scale solar arrays. These costs are reflected in “value of solar” calculations for distributed solar (like in Minnesota), because distributed solar doesn’t require long-distance transport over transmission and distribution wires.
As the chart indicates, the cost of power delivery can outweigh economies of scale of large-scale power generation.
So what’s with conventional wisdom about economies of scale?
The studies touting the superior economies of utility-scale solar are utility-funded, meant to defend utility efforts to push back against the distributed solar as a competitive threat to their monopoly business. Evidence suggests they have reason to, since distributed solar won’t be particularly costly to ratepayers, but without a regulatory change, it can be much more costly to shareholders. But wishing that centralized, utility-controlled solar is cheaper doesn’t make it so, and distributed solar clearly competes on cost when transmission and distribution are accounted for.
So the next time your electric company tells you that bigger solar is better, ask them this: for whom?
America’s Utility-Scale Solar Generation Is 31 Times Higher Today Than a Decade Ago
Thermal technologies created the first surge. But then PV started dominating the sector.
Stephen Lacey August 28, 2015
There was a moment in 2013 and early 2014 when utility-scale solar hit a snag in America. California utilities were reaching the upper limits of their renewable energy mandates, concentrating solar power costs were not coming down as expected, and investors had turned their attention to the booming residential PV market.
But that moment passed fairly quickly. Moving into the second half of 2014, utilities all around the country signed an unprecedented number of contracts for utility-scale PV projects -- in large part because the technology had gotten so cheap. California had largely dominated the market since 2010, but suddenly
The Dangers of Building Residential Solar Come to Light in Nevada
Does Vivint Solar's retreat from Nevada show a risk for SolarCity investors? SLTD?
You might think that all solar companies are essentially the same, installing solar systems on rooftops or open fields where there's an abundance of sunlight. But the reality is that how solar companies do business varies widely across the industry, and knowing how a company is positioned and where the industry is headed can mean the difference between making a profitable investment and a losing one.
Recent news that Vivint Solar (NYSE:VSLR), the second largest residential solar company in the U.S., is pulling out of Nevada after just two weeks shows one of the risks solar companies face. If you've got sales and installation teams on the ground you've got to keep them busy, and if you don't it can be a costly mistake.
Solar panels, financing, and the cost of "owning the trucks"
There are essentially three components to a residential solar installation. There's the equipment -- panels, inverters, racking, wiring, etc. -- that goes on the roof, there's financing for the project, and there's a sales and installation team that works in the field to put equipment and financing to work.
Some companies are vertically integrating up and down that supply chain, like SolarCity (NASDAQ:SCTY), which controls financing, sales, and installation, and has acquired solar panel and racking companies. Vivint Solar is vertically integrated with financing, sales, and installation, but doesn't make solar equipment. SunPower (NASDAQ:SPWR) makes solar panels and designs other equipment and provides financing for projects, but it generally doesn't do the sales or installation directly. These three companies show different models, which can all work in the solar industry.
One debate I've had over and over is whether or not owning the sales and installation teams, also known as "owning the trucks", is wise for solar companies today. While the residential market can be attractive when installations are going gangbusters, if there's a lull in business and you have thousands, or tens of thousands, of workers to pay each month it can erase years of strong operations very quickly.
Companies like SunPower and Sunrun have viewed this as a risk they don't want to take, and essentially pay a fee to third party companies that sell and install systems, providing financing and other services, like high efficiency solar panels in the case of SunPower.
For a long time it appeared that "owning the trucks" was actually the best strategy, but Vivint Solar's news in Nevada could show what a risky strategy it is.
Why Vivint Solar is abandoning Nevada
The story of Nevada is the story of a great potential solar market with entrenched powers that have been very successful staving off the solar industry. NV Energy, which is owned by Warren Buffett's Berkshire Hathaway, has proposed extremely onerous rate structures, including basic service charges, demand charges, and energy charges. The change in structure would essentially kill the residential solar industry where it stands.
Before regulators could decide whether to allow or oppose NV Energy's plan they wanted to study the options. So, it allowed net metering to continue with a cap of 235 MW, put in place in May. Solar installers thought that would get them into 2016, when they hoped regulators would allow more net metering, but NV Energy says it's approaching the cap, which could bring the industry to a halt.
This is no small market for the solar industry either. According to GTM Research's first quarter 2015 Solar Market Insights Report, Nevada installed more residential solar in Q1 than it did in all of 2014, and in total it was the second largest solar market in the country at 97 MW (behind California at 718 MW).
For Vivint Solar, it wasn't even worth keeping its new outpost in Nevada open, and SolarCity could run into similar challenges. If the residential solar industry in Nevada collapses, SolarCity would be out millions in operating costs because workers won't have anything to do.
"Owning the trucks" may allow for lower costs and even faster growth in residential solar, but it also comes with risks.
Don't underestimate diversification
One of the major risks U.S. solar companies face today is the reliance on a small number of markets, namely California, where 55% of the solar installations in Q1 2015 occurred.
As we see in Nevada, policy changes can impact a business almost overnight and make a formerly attractive market an unprofitable one. That's why diversification and contracting with sales and installation companies may prove to be a better strategy long-term. It won't be as good when the industry is booming, but it won't require massive layoffs and losses when there are disruptions in the market.
Sometimes the risks in the solar industry are deeper beneath the surface than you think. We may now be seeing the risks involved in building massive sales and installation teams.
What You Need to Know about Solar Power
Posted: 08/28/2015 6:20 pm EDT Updated: 08/28/2015 6:59 pm EDT
1 year performance energy
sltd -9%
XOM -26%
ACI -98%
We would be the first ones to complain if the government spent $10,000,000 without checking into it fully.
We caught a break!
Nevada regulators vote to keep existing rooftop solar rates
29 minutes ago • By MICHELLE RINDELS Associated Press
CARSON CITY (AP) — Nevada regulators decided Wednesday to keep existing rates in place for rooftop solar customers for a few more months even though the state hit a cap on how much energy can be sold back to a utility company.
The Public Utilities Commission voted to maintain current rates and rules before permanent ones must be adopted by the end of the year. Rooftop solar advocates, who have decried the cap and argued that utility company NV Energy is trying to kill their industry by restructuring rates, said they were grateful.
"The hard work is now before the commissioners to issue long-term rules," said Bryan Miller, co-chairman of The Alliance for Solar Choice, an advocacy group representing rooftop solar companies. "Nevadans will remain vocal to ensure that these rules allow Nevada's solar industry to continue creating jobs and driving economic growth."
Nevada reached a statewide cap last week on net metering, which allows customers with residential solar panels to sell excess energy to the utility company. Lawmakers limited the program to 235 megawatts, a total they estimated might come in spring 2016.
The state hit the cap months sooner when rooftop solar proved more popular than expected. Rooftop solar advocates have argued they were misled about how quickly the state would reach the cap, and fought to keep the existing rates in place.
NV Energy said it needs a new rate structure to avoid shifting costs from solar users to traditional power customers. They say they are paying much more for solar energy from Nevada rooftops than the electricity is worth, and say it's cheaper for them to draw power from their own large-scale solar farms.
NV Energy's proposed rates for solar customers would be higher than existing ones, but still cheaper than traditional electric rates. Rooftop solar advocates say that when the cost of buying or leasing solar panels is factored in, it may no longer be cheaper to install a solar system than to use conventional power.
NV Energy said Wednesday that while the decision was not what the company proposed, they supported the bill that put the PUC in charge of deciding rules on net metering.
"We support cost competitive renewable energy in all forms, and will continue to work with stakeholders through this interim period to ensure Nevada retains its leadership position in the development of renewable energy," a company statement said.
Solar Putting The Squeeze On WA Electricity Generators
August 27, 2015Energy Matters
I think that we have had too many disappointments, that is why we don't rally up more before events like this....
ANOTHER quick solar install.......
Installing solar panels is easier than ever before
August 26, 2015 By PennEnergy Editorial Staff Source: KEI Solar
http://www.pennenergy.com/articles/pennenergy/2015/08/installing-solar-panels-is-easier-than-ever-before.html
KEI Solar today announced the availability of the Eulektra ALVA Solar Racking System for North American solar panel installers and commercial projects. Developed in Germany, the Eulektra solar racking system has been extensively tested and installed through Europe and is now available for US solar installations.
Designed for flat roofs, the lightweight (just 22lbs per square meter (10.7 sq. ft.) Eulektra system is easy to install. It is wind resistant without requiring additional weights and offers better power generation results than competing panel installation technologies.
Because of its compact design, solar panels can be mounted closer together than with other mounting technologies (One-fifth of an inch apart!). This enables installers to install more panels on a roof and/or provide additional roof space for other rooftop machinery and systems.
“Because the Eulektra system does not require any roof penetration, there is much less concern about creating roof leaks that are difficult and expensive to repair,” says Jens Kautzor, CEO of KEI Solar. “Simple to set-up, the ALVA system consists of interconnected adjustable aluminum pieces that can be snapped together and be quickly installed by using only a power screwdriver and pliers. No special training or expertise is required”.
After the entire system is laid out on the roof and interconnected with the provided bracing, the aluminum structure is then secured to the building by using steel cables that are anchored in the building walls and mounted into the cable channels of the ALVA system. This installation method guarantees that the roof cladding remains completely undamaged. No more leaks.
The installation images at http://www.keisolar.com/alva-system.html demonstrate the various components and show how easy it is to install.
The ALVA system is resistant to swirling winds and has been hurricane wind speed tested. It also requires less maintenance than other systems. Considering that aluminum expands and contracts as the temperature changes, the ALVA system is flexible, protecting panels against breakage caused by rapid temperature changes. To ensure good rain drainage, the system can be elevated with provided 10cm by 10cm installations pads.
KEI Solar specializes in bringing the best of Germany’s solar technology to the United States. Based in Texas, KEI was founded in 2014 and currently represents Eulektra GmbH. KEI facilitates the business relationship, handling and coordinating shipping and customs, as well as providing customer support and guidance to those organizations and individuals installing latest generation solar power generating systems.
I sold my mining stock on 10/21/2013 less than 2 years.....
The difference between what I WOULD have had and what I have now is over 2,400%
Counting the shares I sold it's 3,500%.......... Weeeeeee!
Think about it. This is HISTORIC.
While many will doubt it, this is a real revolution happening here,
Watching the switch from fossil fuels to renewables.....
And we are all a part of it...
Horses to cars
Electrification of the country.....
And now us......
I did fire off a complaint to Scottrade.....
Those Scotteade Servers are getting to be BS!
Slowing up to a crawl at EOD......