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VerdeWatts, LLC
2901 West Coast Hwy., Suite 200
Newport Beach, CA, 92663
Tel: +1-949-270-2941
Fax: +1-888-343-8357
VerdeWatts, LLC
2901 West Coast Hwy., Suite 200
Newport Beach, CA, 92663
Tel: +1-949-270-2941
Fax: +1-888-343-8357
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California Hits Historical Renewables Milestone
PressRenewable energy has supplied 100 percent of California’s energy demand for at least 15 minutes and up to six hours per day during 30 of the last 38 days— a historic renewables milestone for the state.
Wind, solar, and hydro energy is now exceeding demand across the state, producing more energy than Californians require on an almost daily basis. CAISO, the state’s electric grid operator has curtailed generation from renewable sources in rare instances in order to maintain the balance between supply and demand. It’s a problem they are looking to overcome without curtailment of renewable power sources.
Chart shows renewable energy production curtailment by CAISO in order to balance supply and demand to maintain electrical grid stability.
Solutions to maintain a balanced energy grid while avoiding production curtailment starts with energy storage (batteries), but also includes smarter, more responsive controls that can quickly respond to sudden increases and decreases in energy demand. Other solutions include leveraging the growing number of EV charging systems so that they’re responsive to changing grid conditions, and expanding the Western regional market. You can learn more by visiting the CAISO website.
Massive Growth in Solar Installations Powers Renewables Market
Energy NewsIn 2023, the U.S. solar market installed 32.4 GWdc (gigawatts direct current) of capacity, a remarkable 51% increase from 2022. This was the industry’s biggest year by far, exceeding 30 GWdc of capacity for the first time. Solar accounted for 53% of all new electricity-generating capacity added to the U.S. grid in 2023, slightly ahead of the forecasted 52% of added capacity for 2023. Read more
New Approach to Transmission Planning Links Renewable Energy Zones to Major Cities
Energy NewsResearchers at the National Renewable Energy Laboratory (NREL) and the Pacific Northwest National Laboratory (PNNL) have developed a new approach to grid planning that could make it possible to power your home or business with the nation’s best and lowest-cost wind and solar energy, no matter where you live. Read more
DOE Announces $366 Million to Accelerate Energy Security in Rural America
Energy News, microgridsThis week the Department of Energy (DOE) announced more than $366 million for 17 projects across rural and remote American communities. The funding will accelerate the development of clean, sustainable energy deployment with community driven projects such as building microgrids to ensure energy security with reliable, affordable energy.
Rural and remote communities face a unique set of energy challenges due to their small populations and isolation from larger electrical systems, resulting in higher electric bills, unreliable energy supplies, and/or no access to electricity at all. Read more
The Future of Solar: 3 Main Types of Panels
sustainabilityWhat type of solar panels are right for you? There are 3 main types of panels: each has pros and cons.
Federal Agencies Launch Clean Energy Incentive Finders and Tax Credit Hub
Energy NewsIn addition to spurring private investment in large-scale clean energy deployment, the Inflation Reduction Act (IRA) created home energy programs for consumers, local officials, and advocates. To spread the word, several federal agencies have launched hubs to help organizations and consumers learn about the programs:
This Friday, the Environmental Protection Agency’s ENERGY STAR program is launching a new Incentive Finder to help consumers choose home energy products that qualify for benefits such as tax rebates. Read more
BLM Announces Plan to Open Public Land for Solar Projects
Energy NewsThe U.S. Bureau of Land Management (BLM) recently released a draft roadmap — known as the updated Western Solar Plan — that outlines proposed solar energy development across the West. The plan is designed to expand solar energy production overall, and to streamline siting and project permitting on U.S. public lands.
The plan is an update of BLM’s 2012 Western Solar Plan, that identified land having high solar potential and low resource conflicts to guide responsible solar development in the original six states — Arizona, California, Colorado, Nevada, New Mexico and Utah. The updated plan adds areas in Idaho, Montana, Oregon, Washington and Wyoming. Read more
Rooftop Solar Could Power Up to 35% of Manufacturing in the U.S.
Energy NewsA recent study investigated the technical feasibility of using rooftop solar PV to cover the net annual electricity needs of industry across all U.S. states and manufacturing sectors. Modeled electricity supply intensity for solar PV arrays is compared with the electricity demand per unit of floorspace for average manufacturing buildings derived from the U.S. Department of Energy Manufacturing Energy Consumption Survey.
Read more
Shift to Renewable Power Accelerates
sustainabilityAccording to the U.S. Office of Energy Efficiency & Renewable Energy (EERE), renewable power sources continued to add capacity to the grid during 2023. For 2023, added capacity will come primarily from solar (52%) and wind (13%), while batteries for stored energy will provide 17% of the new capacity. Read more
Unlocking Value: Fungible Federal Tax Credits are Revolutionizing Renewable Energy
Energy NewsHello readers! I’m Steve Wilburn, CEO of VerdeWatts®️. Today, I want to share how fungible federal tax credits are revolutionizing the renewable energy landscape and benefiting both VerdeWatts and our investors.
At VerdeWatts, we are dedicated to developing and operating qualified renewable energy projects and manufacturing operations. These initiatives not only contribute to a sustainable future, but also generate valuable tax credits under the IRA Act of 2022. What makes these tax credits particularly exciting is their fungibility, which allows us to maximize their value in various ways. Read more