Christian Hofer

📈 Corporate PPA activity in the ERCOT market has reached 1.8 GW, YTD 2024. Data from the Enerdatics Energy Transition PPA database indicates that ERCOT has seen ~1.8 GW in corporate power purchase agreements (PPAs) since the start of 2024, constituting over 60% of the U.S. total. 💡 Tech giant Microsoft leads the way, having secured ~800 MW across three deals. Meanwhile, new entrants such as UnitedHealth Group, Sonoco, and AdventHealth are also stepping up their sustainability efforts. 🏆 Key Suppliers Making Waves: > Regional Leaders: Primergy, Leeward Renewable, Scout Clean Energy > International Players: Orsted, ENGIE 🤝 Positive PPA negotiations in ERCOT are driven by the market's lower land and interconnection costs, which help mitigate higher interest rates and supply chain issues. 🌟 Top Deals to Note: > Microsoft and Primergy Solar: 408 MW from Ash Creek solar project > Hyundai and Matrix Renewables: 147 MW (Hyundai’s first U.S. PPA) > RTX and ENGIE: ~38 MW from Priddy wind project #CorporatePPA #ERCOT #RenewableEnergy #Sustainability #Microsoft #Hyundai #RTX #ENGIE #Orsted #Primergy #LeewardRenewable #ScoutCleanEnergy #UnitedHealthGroup #Sonoco #AdventHealth

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Exciting developments in Pennsylvania's energy sector as Senator Gene Yaw proposes a new loan fund to boost power plant construction! Modeled after Texas' initiative, this could be a game-changer for the PJM Interconnection grid, ensuring stability as demand grows. 📈 Explore how this could transform energy management in the region in this recent article from Utility Dive: https://loom.ly/FiIuQ3A

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Natural gas emits about half the CO2 of coal, making it a cleaner option for reliable, baseload power. In Virginia, natural gas accounts for over 50% of our electric capacity, and will continue to play a critical role in our all-of-the-above strategy for Virginia's energy future. https://ow.ly/QCVx50UpZ5w

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Idaho Power is seeking approval from the state regulator to deploy an additional 100MW of BESS to plug the gap left within its portfolio following the cancellation of a deal with IPP Savion.  #energystorage

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Constellation Energy's acquisition of Calpine represents a transformative development in the U.S. energy sector, with significant implications for market dynamics and grid interconnection. The merger's success will depend on effectively integrating diverse energy assets, strategic infrastructure investments, and careful navigation of regulatory landscapes. #EnergyTransition #GridModernization #MarketTrends Via Utility Dive https://lnkd.in/ghzgJnCB

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Capacity market prices for energy in PJM surged, signaling a crucial demand for additional generation. PJM Interconnection's footprint is set to allocate $14.7 billion for capacity in the 2025/26 delivery year, a substantial rise from $2.2 billion in the previous auction. Stay informed about the energy sector's evolving landscape: [Link to the article] #EnergyMarket #CapacityAuction #PJMInterconnection

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Another 40 GW of solar and wind capacity coming to the U.S. power grid this year could generate ~10 GW of baseload-equivalent generation because of its intermittency. Will the wave of renewable installs be enough to flatten natural gas’ power gen gains this summer? Yes, likely, say analysts. However, one wrinkle is Canada, according to Wood Mackenzie. The northern neighbor has uncharacteristically flipped to a net importer of U.S. power (5 GW swing in April) and could provide uplift to U.S. generation this summer. Worth checking if Canada-bound electrons are in your model. Natural Gas Intelligence https://lnkd.in/e4iUpp-a

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The Federal Energy Regulatory Commission will finalize its regional transmission planning and cost allocation rule on 📅 May 13 📅 Check out this piece from Cody Lynch, director of renewable energy for Coalfield Development Corporation, on the importance of regional transmission lines to economic development in Appalachia. "Strategic transmission planning and investment is vital to supporting business development, reducing congestion on lines and connecting consumers to the cheapest and most reliable energy sources at any given time." ⤵ https://lnkd.in/encgTDcq

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Adding more baseload power plants to the energy mix can worsen the country’s power supply in the long run, said ICSC’s Energy Transition Advisor Alberto III Dalusung in an interview with ABS-CBN News Channel. This was in response to former Department of Energy Secretary Jericho Petilla’s statement urging the national government to lift the moratorium on coal-fired power plants, citing a need to build more capacity to meet the rising demand as the Philippines continues to struggle with power supply issues. Instead, the Philippines must focus on shifting to a flexible, distributed power system that makes use of various energy sources, including #RenewableEnergy, said Dalusung. “Most of our capacity is baseload coal power plants, they’re a part of our energy mix. But we don’t need more of them; we have too much. We have to take another step back: what kind of new capacities do we really need to address the situation? We need more flexible capacity, and capacity that is distributed along our grid.” Watch: https://lnkd.in/gaBZDh5B Read ICSC’s report on the power outlook for this summer: https://lnkd.in/gdr6Tyu3  #PowerOutlook2024 #EnergySecurityNow

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Is your broker reaching out to review what implications this has on the cost of energy and your business’s bottom line? If you’re in Maryland, DC, Virginia, Pennsylvania, New Jersey, or Ohio, this will significantly impact your energy costs. Speak with a professional energy manager today to discuss what you can to be better prepared.

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From Senator Roberts Uncensored: Sun Cable is a sprawling 12,000-hectare solar complex, which is estimated to deliver 2.5GW of power. This output estimate may be based on a 30% capacity factor, which is generous for solar energy. To put this into perspective, here's what 12,000 hectares looks like over [CITY]. In stark contrast, a coal-fired power station could match this output using nearly 100% of its capacity in just 25 hectares. These facts challenge the narrative that net-zero is the ultimate environmental saviour. In reality, they are the destruction of the environment.

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Basin Energizes New Transmission Line Basin Electric Power Cooperative energized its new Roundup-to-Kummer Ridge transmission line in western North Dakota last week. https://trst.in/xRkLmh

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This article discussion flies in the face of the market PJM has created. A market that only supports short term assets like wind and solar backed up by gas or batteries. In short it confirms the market flaws that have been claimed by utilities over many years, and should encourage support for creating market signals to create long lived assets like baseload generation plants.

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Enerside Energy Restructures Debt, Secures Financing, and Gains New Shareholders #RenewableEnergy #GreenEconomy #Energy #EnergyTransition https://lnkd.in/gSrQdinu

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