David Mount

Data from the International Energy Agency (IEA) illustrates the current "readiness" of #ClimateTechs + their potential impact on carbon reduction. As shown, many techs are at an early stage of being able to have a material impact. Concerningly, some tech funds recently returned capital back to investors recently + closed their funds - citing inability to fund capital intensive techs, found in areas like ClimateTech. This in part may be contributing to the $2 trillion shortfall in ClimateTech, that Deloitte estimates. What this may mean for the future? - The migration of LPs to global, super VC funds within ClimateTech, given the large capital pools needed to fund tech development - Greater specialization from smaller funds, energizing more niche elements of the ClimateTech market - but also altering their / LP's risk profile - A greater role to be played by debt financing in funding growth entities at an earlier stage - impacting cashflow dynamics Will be an interesting space to watch moving forward. We at The Proptech Connection are constantly working with all parts of the Proptech ecosystem. From the leading LPs, funds, techs and adopters in market, providing an independent view. Reach out to us today to find out how we can help. #InvestorTrends #Strategy #Global Ivo van Breukelen Stuart Daun Kiki C. Ethan Ward

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For anyone who will be at IEEE Power & Energy Society T&D Conference feel free to stop by our panel session on #EVs and #gridreliability. Will be an interesting cross-sector discussion including technology provider, independent system operator, and utility perspectives among others. E-mobility is driving the blending of Transmission and Distribution system planning, design, and operations. Particularly with the growing prevalence of distributed energy resources, IoT and grid-edge technologies, and virtual power plants (#VPPs).

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The best Defense is a good Offense. But industries facing change typically delay for so long - they are severely disrupted - and lose new growth markets as well. Grid Science is focused on supporting future-forward utilities to successfully navigate the present. We recently participated program supported by the California Energy Commission to deliver such breakthrough innovation. We build AI native services that transform the value equation for distributed solar and battery companies, EV charging infrastructure projects, utility distribution operations - all while protecting against floods and preventing wildfires. Grid Science AI is the backbone of tomorrow's grid. Innovation finds a way. The City of Ann Arbor just launched a Sustainable Energy Utility within DTE's distribution grid to focus on "energy generation at the point of energy use" to improve Resilience, Reliability, and Clean Energy. Utilities that fight change will face similar efforts or even succession. PG&E has had 6 rate increases in 2024 alone. Society and industry will not accept a double or triple rate base because a monopoly wished to profit maximize capital expenditures. As Berkshire Hathaway Energy warned in last year's shareholders letter, investor owned utilities "might no longer attract the savings of American citizens and will be forced to adopt the public-power model." Our country faces a critical challenge to advance new grid enhancing technologies that will slow electricity bill increases, keep the power on, while resulting in a healthier utility - and a thriving American economy. California has historically led the US in energy innovation and hopefully will maintain focus and leadership. New Energy Nexus California https://lnkd.in/ggfaz5yr

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FERC has approved interconnection reform - and this is *generally* good for the energy transition. That said the devil in in the details of how states and utilities implement these changes. Some improvements like penalties assessed against utilities for tardy studies, trying to clean out queue squatters, and expressly identifying certain technical flexibility into interconnection design are good. However, we have specifically seen "Cluster Studies" and higher financial security requirements stymie development and create very costly and endless loops of re-studies in many markets (utility and DG). Calling on American Clean Power Association (ACP) Solar Energy Industries Association and importantly state level advocacy and watch dog groups to closely watch and actively participate as the implementation of these changes occur at the state level PUCs and DPUs - ensuring proper accountability and fair play. https://lnkd.in/ewehaH52 NYSERDA New York Solar Energy Industries Association MID-ATLANTIC RENEWABLE ENERGY COALITION Renewable Energy Vermont American Council on Renewable Energy (ACORE) Smart Electric Power Alliance NECEC Cleantech Leaders Roundtable

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Go to slide 9 showing how far and fast the grid is falling behind in being able to connect utility scale renewables. Yet, the California Public Utilities Commission continues to create obstacles to the growth of distributed generation.

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Grid Reliability Impacts of EV Charging-Two Important Initiatives-Call for Engagement Several years ago, with the support of EnerTech Capital, the California Mobility Center, North American Electric Reliability Corporation (NERC), WECC and other organizations, I was fortunate to be involved in helping to form and manage a working group focused on increasing cross sector collaboration to better understand and mitigate potential adverse impacts of EV charging. In April 2022, a CMC working group published a paper including a number of grid friendly charging recommendations, as well as highlighted the need for more robust technical collaboration between the electric industry and EV OEMs and real-world data to both support and build on recommendations regarding grid friendly charging behaviors. I'm highlighting two recent initiatives and encouraging ongoing technical engagement and support from experts in utility, automotive, communications, software, consulting, and related fields. NERC is proposing to stand up an electric vehicle task force under its industry led Reliability Security Technical Committee. The task force deliverables over 2 years include reports regarding bulk power system reliability risks, a technical report on EV charging states and type tests, improvements in EV charging load modeling, and recommendations regarding interconnection requirements. For more information contact [email protected] or [email protected] In addition, the University of Michigan Transportation Research Institute recently made available a paper entitled “Exploratory Pilot: Analyzing Grid and EV Interactions Through Measuring Driving Behavior, Charging Behavior and Electricity.”  James Sayer and Eric Wingfield led the work for UMTRI, together with Taylor Spalt from Utilidata. The pilot monitored ten vehicles for operational data over 86 days at 8 public charging locations outfitted with Utilidata’s meter adapters. Among the observations was that during specific charging events, EVs generated increased power loss, contributed to voltage loss, and created unfriendly grid responses among other effects. Further research is recommended to support the assessment of potential broader grid impacts, as well as improve modeling. These observations are consistent with the findings contained in the CMC working group report. The paper also included observations regarding charging behaviors and impacts. Continued stakeholder supported research by UMTRI is critical and can help inform the NERC EV Task Force initiative. Please reach out to Eric Wingfiled at UMTRI for a copy of the paper. He may be reached at [email protected] Fostering electric system reliability is critical to the success and reputation of the automotive and utility industries.  Getting this type of collaboration off the ground and maintaining momentum is not easy, especially given the pressing challenges facing both industries. Please lean in. Your support is critical.

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Community solar is likely 'dead on arrival' in California. After a 2022 law opening California to community solar, regulators adopted a plan that only makes minor changes. It’s possible regulators are favoring utility-scale solar over rooftop and community to better navigate the impending challenges (such as excess solar supply) and build a more financially sustainable grid. #CommunitySolar #ClimateTech #CleanTech #CAISO #Solar

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With the rapid rise of AI and increased focus on electrification and EV adoption, the economics of the energy market have shifted dramatically — energy demand in the U.S. is skyrocketing. However, there's a very clear imbalance between the need for grid-scale energy storage solutions and the lack of available supply. Without a viable storage solution for the grid, the increase in energy demand will be met by gas-powered peaker plants and coal-burning plants — reversing all progress to date on reducing carbon emissions. Less than a year ago, Peak Energy was founded with the mission to revolutionize energy storage with the development of low-cost, large scale sodium-ion battery technology. Today, the company has announced its $55M Series A to commercialize and scale its grid storage technology. Peak Energy's momentum over the last year not only reflects strong market demand, but also is indicative of the team behind the mission: Liam O'Connor, who led operations and supply chain at some of the world's largest technology companies like Tesla and Apple; Landon Mossburg, who built and scaled large battery manufacturing at Northvolt and Tesla; and Cameron Dales, who helped build from scratch leading-edge battery company ENOVIX Corporation. From the deep expertise the company's leadership brings to the table, to the all-star team they've assembled, and the innovative technology they are developing, the Eclipse team believes Peak Energy brings the ample firepower to secure the future of renewable energy. https://bit.ly/3Y8LniO Congratulations!

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Hawaii’s energy transition is well underway, but recent reliability challenges have the potential to distract from recent success. Check out my latest article with Rick Rocheleau on the evolving grid reliability in Hawaii. “With prudent planning and the integration of new clean energy resources, Hawaii’s power grid can become more renewable, and more reliable, not less.” https://lnkd.in/gEdi_ggf

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As we enter the fourth day of power outages in Texas combined with sweltering heat, the impact of hurricane Beryl illustrates both the impacts of climate change and the critical need to accelerate deployment of climate-tech solutions for a more resilient grid. Hurricane Beryl is yet another warning that climate change is upon us and accelerating. Warmer sea temperatures are driving more brutal and destructive hurricane seasons, with more powerful storms starting earlier in the year and occurring more frequently. While rising global temperatures ensure more frequent and deadly heatwaves - for over a year, every single month has been the hottest in recorded history, making extreme heat the new normal. From India to the middle east to the US, thousands have already died this year due to extreme heat. The combination of increasingly frequent and violent weather events, extreme heat and an antiquated, fragile grid are starkly illustrated by the 1.3 million homes in Texas still without power in the peak of summer heat. But it doesn't have to be this way. Climate-tech solutions, in particular distributed energy resources like solar and storage, are cheap, mature, and infinitely deployable technologies that can massively increase grid resilience and mitigate the compounding risks of heat and power outages during extreme weather events. In a world where roof-top solar and in-home battery storage compete on even playing field with centralized generation and distribution the grid is more resilient and power outages, when they inevitably occur, less deadly. DERs increase grid resilience by shifting generation, storage and distribution to the ultimate load (your home or local area). This takes pressure off the grid by reducing the need for antiquated, energetically inefficient T&D infrastructure that otherwise needed to link generation assets to load, through miles of expensive powerlines, transformers, etc., all susceptible to downed lines and overload. DERs also allow for demand response, load shifting, efficiency-as-a-service and other grid services that can stabilize the grid when power demand and generation capacity are dangerously unmatched. Simultaneously, DERs and microgrids mitigate the worst risks of inevitable grid failures. In home battery storage can keep your fridge running at a time when food and perishable items can't be reached. Rooftop solar can keep your air-conditioning running at the hottest parts of the day, and your cell phone charged, even if it takes days for your local utility to restore power. And these same assets can keep critical communication infrastructure up when emergency services need them most. And that's before even considering the fact that these technologies are already cheaper than conventional energy systems, faster and easier to deploy, and essential in reducing the carbon emissions driving this crisis in the first place. https://lnkd.in/g8bebhA8

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🌟 The Southern California Edison Microgrid Incentive Program (MIP) is set to revolutionize the way we approach energy resilience and sustainability in the region. 🌿 With $200M in funding, this program will prioritize communities most vulnerable to outages and power disruptions exacerbated by climate change. By investing in clean, local energy solutions, MIP aims to provide a reliable source of power when it's needed most. 💡Microgrids offer a unique opportunity to disconnect from the main grid during emergencies, ensuring continuous power supply and reducing reliance on traditional sources. This initiative is a significant step towards a more sustainable and resilient energy future for all. https://lnkd.in/g-hB8giV 🌍 Innovative cost-saving green energy solutions for commercial businesses are our specialty. Contact Saddleback Energy Consulting: saddlebackenergy.net | [email protected] | (949) 633-0299 #Microgrid #CleanEnergy #Resilience #Sustainability #CaliforniaEnergy #commercialproperty #californiaenergy #cleanenergy #saddlebackenergyconsulting #esg #sustainability #renewables #renewableenergy

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Excited to announce our investment in Alta Resource Technologies alongside Leonardo Banchik (Voyager Ventures) with participation from Orion Resource Partners, Overture Ventures, and WovenEarth Ventures. Rare earths are critical in products from magnets to ceramics and it's important for the US to develop its own supply chain. While the US has some of the best rare earth resources, separating them has historically proven expensive and environmentally unfriendly. Alta through it's computationally designed and optimized proteins allows the US to bring back rare earth production with a cleaner, lower capex, and lower opex solution - and that's just the beginning. Congrats to Nathan Ratledge and the entire Alta team. Read more here: https://lnkd.in/gbGnAJn3

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☑️ U.S. Department of Energy (DOE) is making moves towards revolutionizing interconnection processes for renewable energy projects. 🌞 ☑️ DOE's proposed "Interconnection Innovation exchange" (i2X) program promises 35 formidable solutions to improve the interconnection process. 💡 ☑️ Central to these proposals is the encouragement of workforce development and the potential benefit of enabling interconnection customers to fund and carry out their own studies. 📚 The solar industry is in a period of evolution as the U.S. Department of Energy (DOE) works to revolutionize the interconnection process for renewable energy projects. Interconnection process allows a solar array or solar power plant to connect to the broader electricity grid, creating a mutually beneficial cycle of energy exchange. Over time, the surge in interconnection requests has necessitated a more efficient and streamlined process. In response, the DOE presents its Interconnection Innovation exchange (i2X) program. This ambitious ‘roadmap’ suggests 35 solutions to expedite and improve the process. One prominent proposal is the "connect and manage" approach, successfully implemented in Texas, likely to drastically accelerate interconnections. Moreover, a recommendation in the roadmap is to enable interconnection customers to finance and implement their studies, thereby promoting self-reliance and expediting project completions. Significantly, the plan emphasizes the need for workforce development, especially in higher education. This shift seeks to boost the number of trained professionals in the solar industry and thus hasten the transition to clean energy. For more information on selling solar virtually across the USA visit www.tstpros.com 📈🌎🔆

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Today, Edison International published Reaching Net Zero, a forward-looking analysis that reinforces the urgent need for public-private collaboration, enhanced efficiencies and significant investment in clean firm generation to meet California’s goal of net-zero greenhouse gas emissions by 2045.   While California’s clean energy future is within reach, it is not assured. We need proactive planning to address and navigate challenges and risks.   Edison International is committed to delivering 100% clean electricity to customers and reaching net-zero GHG emissions by 2045. I hope you’ll take some time to read this significant new analysis.   Read more here: https://lnkd.in/gWVNyKCX   #NetZeroBy2045 #cleanenergy #sustainability #renewableenergy #ClimateWeekNYC

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Great coverage on Carbon Quest and their amazing #carboncapture solution for decarbonizing “hard-to-abate” sectors, especially in regions where facilities like data centers are significantly increasing power demand👏🏼👏🏼👏🏼

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It’s so obvious what’s happening. Lines companies and regulators need to get out of the way (and react much faster than they are) to let the flow accelerate. https://lnkd.in/g9k-z-v7

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