Negawatt

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pages: 433 words: 127,171

The Grid: The Fraying Wires Between Americans and Our Energy Future by Gretchen Bakke

addicted to oil, Any sufficiently advanced technology is indistinguishable from magic, autonomous vehicles, back-to-the-land, big-box store, Buckminster Fuller, demand response, dematerialisation, distributed generation, electricity market, energy security, energy transition, full employment, Gabriella Coleman, illegal immigration, indoor plumbing, Internet of things, Kickstarter, laissez-faire capitalism, Menlo Park, Neal Stephenson, Negawatt, new economy, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, off grid, off-the-grid, post-oil, profit motive, rolling blackouts, Ronald Reagan, self-driving car, Silicon Valley, smart grid, smart meter, the built environment, too big to fail, Twitter Arab Spring, vertical integration, washing machines reduced drudgery, Whole Earth Catalog

What he saw when he looked at his grocery store was not a power plant but a machine for making negawatts; it was that machine that all of the rest of us had trouble seeing precisely because it looked, and worked, exactly like a grocery store. The lighting was perhaps marginally more pleasant, but otherwise, what had been accomplished was praiseworthy less in relationship to how the power for this store was generated and more in terms of the various ways that the whole thing had been redesigned not to need it. Or, as Amory Lovins (who coined the term “negawatt” way back in 1990) said, “Customers don’t want kilowatt-hours; they want services such as hot showers, cold beer, lit rooms,” and this can “come more cheaply from using less electricity more efficiently.”

It helps to further it. The power of nothing is expanded, by undertakings like these, to include lighting from the sun, cooling from fan-made breezes rather than chemical air-conditioning, and wattage not used because it isn’t needed. These saved-watts or negawatts are the electric power a machine or a building or a lighting system or a factory doesn’t use. Though a negawatt is a theoretical, rather than a real, unit of non-power, it serves the purpose of allowing us to measure and quantify avoided consumption. Given this, the store manager’s point is well taken: Why not do the same with less? In this we can see the remnants of the Cardigan Path.

(Not “less-is-more,” mind you, but “the same with less.”) At least, this is the goal of those committed to an accounting of negawatts and equally of the man who manages the most energy-efficient Albertsons in the United States. Even ten years ago, the answer to this desire for “the same with less” was that saving kilowatt-hours was expensive precisely because retrofitting inefficient buildings with more efficient technologies is the least cost-effective way to achieve the goal. Negawatts simply cost too much to be worth their while. This is the reason why there is only one Albertsons with a fuel cell and a remarkable cooling and lighting system and there are literally thousands of Albertsons that rely on grid-provided power to run wasteful coolers and poorly designed lighting and HVAC systems.


pages: 332 words: 100,601

Rebooting India: Realizing a Billion Aspirations by Nandan Nilekani

Airbnb, Atul Gawande, autonomous vehicles, barriers to entry, bitcoin, call centre, carbon credits, cashless society, clean water, cloud computing, collaborative consumption, congestion charging, DARPA: Urban Challenge, data science, dematerialisation, demographic dividend, digital rights, driverless car, Edward Snowden, en.wikipedia.org, energy security, fail fast, financial exclusion, gamification, Google Hangouts, illegal immigration, informal economy, information security, Khan Academy, Kickstarter, knowledge economy, land reform, law of one price, M-Pesa, machine readable, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, mobile money, Mohammed Bouazizi, more computing power than Apollo, Negawatt, Network effects, new economy, off-the-grid, offshore financial centre, price mechanism, price stability, rent-seeking, RFID, Ronald Coase, school choice, school vouchers, self-driving car, sharing economy, Silicon Valley, single source of truth, Skype, smart grid, smart meter, software is eating the world, source of truth, Steve Jobs, systems thinking, The future is already here, The Nature of the Firm, transaction costs, vertical integration, WikiLeaks, work culture

http://www.businessweek.com/globalbiz/content/nov2009/gb20091116_319929.htm 13. 15 January 2015. ‘Invisible fuel’. Economist. http://www.economist.com/news/special-report/21639016-biggest-innovation-energy-go-without-invisible-fuel 14. 1 March 2014. ‘Negawatt Hour’. Economist. http://www.economist.com/news/business/21597922-energy-conservation-business-booming-negawatt-hour 15. 15 January 2015. ‘Renewables. We make our own’. Economist. http://www.economist.com/news/special-report/21639020-renewablesare-no-longer-fad-fact-life-supercharged-advances-power 16. Dzieza, Josh. 13 February 2015. ‘Why Tesla’s battery for your home should terrify utilities’.

Power utilities can use smart grids to improve their operational efficiency for maximal utilization of existing energy sources, as well as the integration of renewable energy sources into the system. Energy efficiency has in fact been dubbed the ‘fifth fuel’, and Amory Lovins of the Rocky Mountain Institute has coined the term ‘negawatt’ to describe power saved through efficiency or conservation.13 Energy efficiency is being driven by innovations across multiple areas.14 Renewable energy sources, in particular solar energy, have boosted the available energy supply, and consumers can now act as small producers and storers, in effect ‘decentralizing’ the power grid.15 Storage is getting cheaper—the batteries that power Tesla’s electric cars may soon be made available for the home as well.16 Smart systems are managing power consumption more efficiently.


pages: 376 words: 101,759

Shorting the Grid: The Hidden Fragility of Our Electric Grid by Meredith. Angwin

airline deregulation, California energy crisis, carbon credits, carbon footprint, congestion pricing, corporate governance, Credit Default Swap, crony capitalism, David Brooks, decarbonisation, demand response, distributed generation, electricity market, en.wikipedia.org, energy security, green new deal, Hans Rosling, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Jones Act, Just-in-time delivery, load shedding, market clearing, Michael Shellenberger, Negawatt, off-the-grid, performance metric, plutocrats, renewable energy credits, rolling blackouts, Silicon Valley, smart grid, smart meter, the map is not the territory, Tragedy of the Commons, uranium enrichment, vertical integration, washing machines reduced drudgery, zero-sum game

ISO-NE spent more than 700 times as much on oil as on demand response, because they got so few demand-response bidders. Demand response may not be popular with businesses, but it is very popular with some environmentalists—the ones who favor less energy use and favor paying for “negawatts.” (Armory Lovins introduced the “negawatt” concept in 1985. It basically consists of setting economic incentives for using less electricity.) If you have connected Energy Star appliances and a smart meter, you have the equipment to be enrolled in a demand-response program. The big question is whether joining this program would be voluntary on your part or whether the utility would simply enroll you.

., 83 market-oriented solutions, 39–44, 63, 81–85, 146 Marshall, Jason, 165–166, 167 Mays, Jacob, 264 McKibben, Bill, 301 merit order. see economic dispatch methane, 259 methane digesters. see cow power (methane based) Meyer, Eric, 253, 254 microgrids, 303–305, 341–342 Midcontinent Independent System Operator (MISO), 276 Minimum Offer Price Rule (MOPR), 99, 100, 222, 261–262, 266–274, 271–273, 273, 283 Mystic Generating Station, 96, 126–127, 130, 134, 143, 330, 331 N N minus 1, 155–157, 159 N minus 2, 156 “name that fuel,” 60–62 nameplate capacity, 265–266, 272 Nath, Ishan, 237–239 National Bureau of Economic Research (NBER), 199, 201 natural gas backup for renewables, 199–200, 202–204, 214, 286, 346, 347, 362, 365 cold weather and, 49–51, 55–56 combined cycle plants, 203 CONE and, 270 emissions and, 259–260 FERC rulings and, 122 just-in-time, 46–47, 74, 122–123, 144, 146, 151, 172, 257, 334, 346–348, 362, 365 kept onsite, 111 load-following plants and, 186 Ontario, Canada and, 356 pipelines, 9, 46–47, 50, 55–57, 60, 128, 134, 138, 348 profitability of, 4–5, 98–99 protected by RTO rules, 283 renewables and, 152, 199–200, 202–203, 266 rise in price of, 335 summer planning and, 172–174 trend toward increased use, 99–101, 364–366 wind power and, 152 negative energy prices, 208, 357 “negawatts,” 322 net metering, 201–202, 226, 235, 285, 291–295, 293, 295, 300, 302, 305–306, 351, 361 Nevada, net-metering in, 294–295, 351, 361 New England Power Pool (NEPOOL) Addendum Report, 141 first jump ball filing, 108–112 fuel security and, 144, 146 IMAPP process and, 227 lack of transparency in, 104–108 Participants Committee of, 105–108, 111, 130–131, 268 Pay for Performance payments and, 330 reporters banned from meetings, 104, 107, 363 second jump ball filing, 115–121 Synapse Report and, 130 New England States Committee on Electricity (NESCOE), 165–166, 167 New Jersey, smart meters in, 317 New York Clean Energy Standard, rally for, 252–254 New York Independent System Operator, 95 New York Public Utilities Commission, 255 New York, Zero Emission Credits (ZECs) and, 252, 255–258 NextEra Energy, 245 nickel-iron batteries, 219 Nolan, Ken, 235 non-spinning reserve, 27. see also fast-start plants North American Electricity Reliability Council, 217 Northern Pass line, 158 NOX (nitrogen oxide) emissions, 204–205 NOX (nitrogen oxides) emissions, 251–252 nuclear power advantages of, 365 baseload plants, 186 capacity factor of, 194 cold weather and, 52–53 emissions and, 251–252, 258–260 Entergy leaving RTO areas and, 328–329 high-quality grid and, 345–346 increased safety requirements of, 344–345 jump ball filings and, 111 low bidding by renewables and, 265 Ontario, Canada and, 356–357 profitability of, 4, 98–99 renewables and, 311–312 RTO price changes and, 334 subsidies and, 329 ZECs and, 252, 255–258, 262 zero emissions and, 252 NYISO, 354 O Ohio, ZECs and, 257 oil cold weather planning and, 49–55 ISO-NE’s oil storage program, 61–62 kept onsite, 61–62, 111, 145, 284 Ontario, Canada; RTO of, 353–359 Operational Fuel-Security Analysis, ISO-NE Report, 125–131 Order 888, FERC, 72 Order 889, FERC, 72 Order 1000, FERC, 160, 163–168, 183, 227–228 Order 2000, FERC, 72 Oslo, Norway; spot-indexed prices and, 316 Otter Tail Power, 21–22, 163 “out of market” payments, 263 out-of-market compensation, 112, 127, 263–267, 271–272, 275, 290 out-of-market revenue. see out-of-market compensation overbuilding, 36, 42, 216–218, 220, 273, 286, 358–359, 362, 365 oversupply, in California, 350 P Palisades nuclear plant, 328 Participant Committee, RTO, 332, 362–363 Participants Committee, NEPOOL, 105–108, 111, 130–131, 268 Pay as Bid, 94–95 Pay at the Clearing Price, 94 Pay for Performance, 51, 61–63, 115–124, 262, 330 subsidies and, 263 peak usage, 175–179 Pennsylvania, ZECs and, 257 Perry, Rick, 60–61, 122, 126, 365 personal responsibility, vs. civic choices, 308–312 PG&E, 179, 316–317 Pilgrim nuclear plant, 97, 328 pipelines, natural gas, 9, 46–47, 50, 55–57, 60, 128, 134, 138–139, 172, 330, 348 PJM RTO, 266, 268, 276 “Policy Grid,” vs.


pages: 412 words: 113,782

Business Lessons From a Radical Industrialist by Ray C. Anderson

"Friedman doctrine" OR "shareholder theory", addicted to oil, Alan Greenspan, Albert Einstein, An Inconvenient Truth, banking crisis, Bear Stearns, biodiversity loss, business cycle, carbon credits, carbon footprint, carbon tax, centralized clearinghouse, clean tech, clean water, corporate social responsibility, Credit Default Swap, dematerialisation, distributed generation, do well by doing good, Easter island, energy security, Exxon Valdez, fear of failure, Gordon Gekko, greed is good, Indoor air pollution, Intergovernmental Panel on Climate Change (IPCC), intermodal, invisible hand, junk bonds, late fees, Mahatma Gandhi, market bubble, music of the spheres, Negawatt, Neil Armstrong, new economy, off-the-grid, oil shale / tar sands, oil shock, old-boy network, peak oil, precautionary principle, renewable energy credits, retail therapy, shareholder value, Silicon Valley, six sigma, subprime mortgage crisis, supply-chain management, urban renewal, Y2K

And as I write this, Duke has just applied for regulatory approval to install solar panels at homes, schools, stores, factories, and other locations in that state. What’s more, Jim has said for the record that he would rather invest in his customers’ efficiency projects than in new generating capacity. And he’s right on target. Why not build “nega-watts” in the form of high-efficiency appliances, air conditioners, and lighting, instead of buying new coal or nuclear megawatts? That is a new paradigm, though it’s based on a concept that Amory Lovins has pushed for decades. I guess some things just take a while. As I’ve said, it’s not just rising oil prices or advances in the laboratory that are driving these deals.

Plus, as landfills are filled, new sites have to be found and purchased. It gets expensive very, very fast. What if we could save the city money on every ton they didn’t have to truck off to a landfill, and capture a piece of that for ourselves?” At Interface, we call electricity saved through smart conservation by Amory Lovins’s term, nega-watts. What Gonen was talking about was “negatons.” But there was still the problem of getting enough people to recycle. “We couldn’t earn a decent profit unless we boosted the number of households that recycle way up,” said Gonen. His solution was deceptively simple: use a high-tech bin to measure how much recycling a family contributes and reward them by giving them RecycleBank Dollars that they can turn around and spend at local stores.

mineral water industry minority-owned services Mission Zero (Interface’s) modern culture, flawed mindset of mollusks moon, going to Moore, Betty “Mount Sustainability” Muir, John municipalities, recycling efforts of Murray, William Hutchinson Napa Valley, California National Association of Evangelicals National Park Service Native Energy nature as infrastructure learning from productivity of, must not be diminished recycling by, with zero waste services of needs, vs. wants nega-barrels nega-energy nega-watts Nelson, Eric Nelson, Gaylord Nestlé Waters Newcomen, Thomas Newton, Mark New York City, recycling in Next Ascent summit meeting nitrogen oxide noblemen, and evolution of ethics Northern Ireland Interface facility nuclear industry, subsidies to nylon inputs of recycled substitutes for Oakey, David ocean, as carbon sink office of the future carpet tiles in off-quality product oil discovery of drilling for global demand global production imports oil consumption, like drug addiction oil exporting countries, profits of oil industry costs of, passed on to society subsidies to sustainability programs of, so-called oil prices effect on driving price shock of 1972 rising OPEC orders, getting, like a heartbeat organized chaos Orr, David overshoot packaging reuse of as waste Pandel division paper, recycling of paradigms, new Parnell, Lindsey Patagonia Paulson, Henry payback period Paydos, Paul PepsiCo perfect storm of 2001 (Y2K, dot-com bubble, 9/11) perpetual motion machine, sustainability likened to Peterbilt pharmaceuticals, in drinking water Picard, John Pickens, T.


pages: 271 words: 79,367

The Switch: How Solar, Storage and New Tech Means Cheap Power for All by Chris Goodall

3D printing, additive manufacturing, carbon tax, clean tech, decarbonisation, demand response, Easter island, electricity market, Elon Musk, energy transition, first square of the chessboard / second half of the chessboard, gigafactory, Haber-Bosch Process, hydrogen economy, Internet of things, Ken Thompson, low interest rates, M-Pesa, Negawatt, off grid, Peter Thiel, rewilding, Russell Ohl, smart meter, standardized shipping container, Tim Cook: Apple, wikimedia commons

Ninety per cent of Californian homes have so-called ‘smart’ meters that collect information on electricity usage minute by minute and send it back to utilities or companies like OhmConnect. The app looks at the pattern of usage over the last days and weeks and estimates whether the homeowner has run the house with a lower than expected amount of electricity during the ‘OhmHour’. If so, a payment is made; the user gets 80 per cent of the price that his ‘negawatts’ (negative watts) have been sold for and OhmConnect keeps the rest. The company says some of its users have made more than $200 in the past year from cutting their electricity use every time the alerts have been sent. More typical cash rewards have been about $100. This is not a big sum and not worth the time and inconvenience to get.


pages: 323 words: 89,795

Food and Fuel: Solutions for the Future by Andrew Heintzman, Evan Solomon, Eric Schlosser

agricultural Revolution, Berlin Wall, big-box store, California energy crisis, clean water, Community Supported Agriculture, corporate social responsibility, David Brooks, deindustrialization, distributed generation, electricity market, energy security, Exxon Valdez, flex fuel, full employment, half of the world's population has never made a phone call, hydrogen economy, Kickstarter, land reform, megaproject, microcredit, Negawatt, Nelson Mandela, oil shale / tar sands, oil shock, peak oil, precautionary principle, RAND corporation, risk tolerance, Silicon Valley, social contagion, statistical model, Tragedy of the Commons, Upton Sinclair, uranium enrichment, vertical integration

The report “State Scorecard on Utility and Public Benefits Energy Efficiency Programs: An Update” is available at ACEEE’s web site at http://www.aceee.org/. 16. This and other information about energy efficiency can be found in A. Lovins and H. Lovins, “Mobilizing Energy Solutions.” 17. A. Lovins, “Negawatts, 12 Transitions, Eight Improvements and One Distraction” Energy Policy 24, no. 4: 331–343. See also World Alliance for Decentralized Energy, “World Survey of Decentralized Energy — 2002/2003,” http://www.localpower.org/. 18. Productivity increases when workers can see better what they’re doing, breathe cleaner air, hear themselves think, and feel more comfortable.


pages: 313 words: 92,907

Green Metropolis: Why Living Smaller, Living Closer, and Driving Less Are Thekeys to Sustainability by David Owen

A Pattern Language, active transport: walking or cycling, big-box store, Buckminster Fuller, car-free, carbon footprint, carbon tax, clean water, congestion charging, congestion pricing, delayed gratification, distributed generation, drive until you qualify, East Village, Easter island, electricity market, food miles, Ford Model T, garden city movement, hydrogen economy, invisible hand, Jane Jacobs, Jevons paradox, linear programming, McMansion, megaproject, Michael Shellenberger, military-industrial complex, Murano, Venice glass, Negawatt, New Urbanism, off grid, off-the-grid, oil shale / tar sands, PalmPilot, peak oil, placebo effect, Stewart Brand, systems thinking, Ted Nordhaus, The Death and Life of Great American Cities, Thomas L Friedman, unemployed young men, urban planning, urban sprawl, walkable city, zero-sum game

But it does suggest that we can’t solve our energy and emissions problems by putting a few solar panels on everyone’s roof and proceeding as before. (The biggest source of energy at Natural Bridges, by comparison with the period before 1980, is not solar panels but forced conservation, in the form of the park’s two-thirds reduction of its pre-solar power demand—a form of virtual energy that Amory Lovins has usefully named the “negawatt.”) A further complicating factor regarding all forms of electric power is that demand for electricity in the United States is certain to change radically in coming years. There has been much talk, for example, of replacing more and more gasoline-powered cars with electric cars (which run on rechargeable batteries) and with so-called plug-in hybrids (which run on rechargeable batteries when possible and switch to a gasoline engine when the batteries are depleted).


pages: 369 words: 98,776

The God Species: Saving the Planet in the Age of Humans by Mark Lynas

Airbus A320, Anthropocene, back-to-the-land, Berlin Wall, biodiversity loss, carbon credits, carbon footprint, clean water, Climategate, Climatic Research Unit, data science, David Ricardo: comparative advantage, decarbonisation, degrowth, dematerialisation, demographic transition, Easter island, Eyjafjallajökull, Great Leap Forward, Haber-Bosch Process, ice-free Arctic, Intergovernmental Panel on Climate Change (IPCC), invention of the steam engine, James Watt: steam engine, megacity, meta-analysis, moral hazard, Negawatt, New Urbanism, ocean acidification, oil shale / tar sands, out of africa, peak oil, planetary scale, precautionary principle, quantitative easing, race to the bottom, rewilding, Ronald Reagan, special drawing rights, Stewart Brand, synthetic biology, Tragedy of the Commons, two and twenty, undersea cable, University of East Anglia, We are as Gods

In the Maldives as elsewhere, energy efficiency is central. It will always be much cheaper to stop wasting energy than to build energy-generating capacity to cover unnecessary use, whether that generating capacity is powered by diesel, nuclear fission, or the sun. (The energy-efficiency guru Amory Lovins calls these saved units “negawatts,” in a play on megawatts.) In the Maldives, antiquated fridges and air-conditioning systems place a huge burden on electricity supplies; much of this could be saved if buildings were better constructed or retrofitted to absorb less solar heat and lose less cooling through doors and windows. In cold countries, fantastic amounts of energy are wasted through badly insulated roofs and walls, not to mention drafty doors and windows.


pages: 372 words: 107,587

The End of Growth: Adapting to Our New Economic Reality by Richard Heinberg

3D printing, agricultural Revolution, Alan Greenspan, Anthropocene, Apollo 11, back-to-the-land, banking crisis, banks create money, Bear Stearns, biodiversity loss, Bretton Woods, business cycle, carbon footprint, Carmen Reinhart, clean water, cloud computing, collateralized debt obligation, computerized trading, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, currency peg, David Graeber, David Ricardo: comparative advantage, degrowth, dematerialisation, demographic dividend, Deng Xiaoping, Elliott wave, en.wikipedia.org, energy transition, falling living standards, financial deregulation, financial innovation, Fractional reserve banking, full employment, Gini coefficient, Glass-Steagall Act, global village, green transition, happiness index / gross national happiness, I think there is a world market for maybe five computers, income inequality, intentional community, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Isaac Newton, Jevons paradox, Kenneth Rogoff, late fees, liberal capitalism, low interest rates, mega-rich, military-industrial complex, Money creation, money market fund, money: store of value / unit of account / medium of exchange, mortgage debt, naked short selling, Naomi Klein, Negawatt, new economy, Nixon shock, offshore financial centre, oil shale / tar sands, oil shock, peak oil, Ponzi scheme, price stability, private military company, quantitative easing, reserve currency, ride hailing / ride sharing, rolling blackouts, Ronald Reagan, short selling, special drawing rights, systems thinking, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, too big to fail, trade liberalization, tulip mania, WikiLeaks, working poor, world market for maybe five computers, zero-sum game

His 1998 book Factor Four argued that the US could simultaneously double its total energy efficiency and halve resource use.26 More recently, he has upped the ante with “Factor 10” — the goal of maintaining current productivity while using only ten percent of the resources.27 Lovins has advocated a “negawatt revolution,” arguing that utility customers don’t want kilowatt-hours of electricity; they want energy services — and those services can often be provided in far more efficient ways than is currently done. In 1994, Lovins and his colleagues initiated the “Hypercar” project, with the goal of designing a sleek, carbon fiber-bodied hybrid that would achieve a three- to five-fold improvement in fuel economy while delivering equal or better performance, safety, amenity, and affordability as compared with conventional cars.


pages: 289 words: 112,697

The new village green: living light, living local, living large by Stephen Morris

Alan Greenspan, An Inconvenient Truth, back-to-the-land, Buckminster Fuller, carbon tax, clean tech, clean water, collective bargaining, Columbine, Community Supported Agriculture, company town, computer age, cuban missile crisis, David Sedaris, deindustrialization, discovery of penicillin, distributed generation, Easter island, energy security, energy transition, Fellow of the Royal Society, financial independence, Firefox, Hacker Conference 1984, index card, Indoor air pollution, intentional community, Intergovernmental Panel on Climate Change (IPCC), invisible hand, John Elkington, Kevin Kelly, Louis Pasteur, low interest rates, Mahatma Gandhi, mass immigration, McMansion, Menlo Park, messenger bag, Negawatt, off grid, off-the-grid, peak oil, precautionary principle, rolodex, Silicon Valley, Steve Jobs, Stewart Brand, systems thinking, Whole Earth Catalog, Whole Earth Review

We will examine how the systems in your home can work with and against each other to alter your home environment. If I had to choose only one message to rise like cream to the top of my milk bottle full of advice, it would be that energy efficiency is an investment, not a hardship. The cheapest kilowatt is one you don’t have to buy, a concept called negawatts. Studies show that the cost of buying efficiency is about half the cost of buying energy. Purchasing a product that uses less energy than another similar product has significant, long-term impacts on your energy consumption and costs. The price you pay to buy a new refrigerator, light bulb, or furnace is a small percentage of the price you will pay to operate it over its lifetime.


pages: 469 words: 132,438

Taming the Sun: Innovations to Harness Solar Energy and Power the Planet by Varun Sivaram

"World Economic Forum" Davos, accelerated depreciation, addicted to oil, Albert Einstein, An Inconvenient Truth, asset light, asset-backed security, autonomous vehicles, bitcoin, blockchain, carbon footprint, carbon tax, clean tech, collateralized debt obligation, Colonization of Mars, currency risk, decarbonisation, deep learning, demand response, disruptive innovation, distributed generation, diversified portfolio, Donald Trump, electricity market, Elon Musk, energy security, energy transition, financial engineering, financial innovation, fixed income, gigafactory, global supply chain, global village, Google Earth, hive mind, hydrogen economy, index fund, Indoor air pollution, Intergovernmental Panel on Climate Change (IPCC), Internet of things, low interest rates, M-Pesa, market clearing, market design, Masayoshi Son, mass immigration, megacity, Michael Shellenberger, mobile money, Negawatt, ocean acidification, off grid, off-the-grid, oil shock, peer-to-peer lending, performance metric, renewable energy transition, Richard Feynman, ride hailing / ride sharing, rolling blackouts, Ronald Reagan, Silicon Valley, Silicon Valley startup, smart grid, smart meter, SoftBank, Solyndra, sovereign wealth fund, Ted Nordhaus, Tesla Model S, time value of money, undersea cable, vertical integration, wikimedia commons

Currently, utilities have various programs in which they pay customers to turn down the air conditioning on a hot summer day when high demand is straining the grid (to cite just one example). In some cases, utilities can directly control customer appliances to crank up the thermostat a few degrees.42 And some large industrial power customers already regulate their demand at a greater scale. In most of the major U.S. electricity markets, they can sell negative megawatts (“negawatts”) of power savings alongside the megawatts of power supplied by conventional power plants.43 But this is just the beginning for demand response. A wave of start-up companies has persuaded venture capital investors to fund demand-side innovations, early returns from which are much more promising than the flopped investments a decade ago in clean energy supply technologies.44 As smarter grids gain the ability to harness a wide range of distributed energy resources and coordinate them, a much wider range of customer equipment—large and small—could act in concert to modulate demand in a way that matches up with intermittent renewable energy supply.


pages: 992 words: 292,389

Conspiracy of Fools: A True Story by Kurt Eichenwald

"World Economic Forum" Davos, Alan Greenspan, Asian financial crisis, Bear Stearns, book value, Burning Man, California energy crisis, computerized trading, corporate raider, currency risk, deal flow, electricity market, estate planning, financial engineering, forensic accounting, intangible asset, Irwin Jacobs, John Markoff, junk bonds, Long Term Capital Management, margin call, Michael Milken, Negawatt, new economy, oil shock, price stability, pushing on a string, Ronald Reagan, transaction costs, value at risk, young professional

The papers, some of which were prepared for other lobbying efforts, are headed “National Energy Policy: Priorities,” “Examples of Problems Due to Lack of Open Access,” “Emergency Measures for Western Power Markets,” “Action Plan for Implementing Findings & Principles for Joint Action on Western States Power Markets,” “ESPA Letter on Open Access,” “Summary of Democratic Alternative Bill,” “Federal Demand Buy-Down (‘Negawatt’) Proposal,” “LNG,” and “Carbon Dioxide.” Finally, the author also reviewed copies of notes taken during the meeting by a participant. 17. Dialogue of Skilling’s conference call from an official transcript of the discussion. 18. Several news outlets reported the Skilling gaffe. For example, see “Skilling, Analyst Verbally Butt Heads,” Reuters, April 18, 2001; and “Skilling Speaks His Mind,” Gas Daily, April 18, 2001. 19.