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Solar, Wind, Hydro Investment Expected to Rise in Coming Years

During a standing-room-only session on “What’s Next for Large-Scale Renewables in North America,” experts laid out their visions for the solar, wind and hydro markets for the coming years. Not only is there is a rush to build projects right now, but all three technologies are expected to grow in the next five years, despite expiring tax credits, shortages in materials and tough permitting hurdles.

Solar is Booming

Solar development is booming, said Julie Ungerleider Senior Vice President of Engineering at Coronal Group during the conference session. She explained that more solar is under construction right now than is actually operating in the U.S. Today more than 12.6 GW of solar capacity are operating and 24.5 GW are under construction. Top states for solar development are Arizona, California, Florida, North Carolina and Nevada. The reason for the boom is the looming expiration of the solar Investment Tax Credit (ITC), set to drop to 10 percent at the end of 2016 for commercial projects.

The rush to build projects before the end of 2016 is causing a shortage of materials for developers as well, which Ungerleider said means that unless a project is almost “fully baked” right now, it probably won’t be built before the end of 2016.

Ungerleider said that even if the ITC is not expected she doesn’t expect to see a major impact on solar development. Technology costs have come down so much in the past four years and contractors have become much more efficient in construction of solar.  Ungerleider said it use to take months to install a few MWs. “Now you can install 1 MW in a week,” she said.

Wind Investment Growing

Aaron Anderson a renewables engineer with Burns & McDonnell who performs due diligence on wind projects, said that the number of transactions in the wind energy market have steadily increased since 2002. In terms of dollars, Anderson said that more than $170 billion has been invested about 1000 wind projects over the past two years, which means each wind project has an average transaction cost of almost $170 million. Today there are 70 GW of installed wind capacity online in U.S. with another 13 GW under construction. This represents an almost 800 percent increase in wind projects in 10 years.

Anderson said that he thinks investment in wind will continue because even if new projects are not constructed at the same rate that they have been, there is enough operating capacity that needs to be maintained, tweaked and bought and sold. He said he thinks investment will leave “no stone unturned” in the wind industry.

Project Upgrades Dominate Hydro Sector

Rocio Uria-Martinez with the Oak Ridge National Laboratory presented on the status of what she called “good old hydro.” With 4 GW of planned hydropower projects, mostly in project upgrades, the hydro sector is not installing new projects at rates as fast as wind and solar but work within the sector to remove policy barriers and shorten permitting times could open the doors for further development. Today there are 80 GW of installed hydro capacity in the U.S. with about half of that in just three states: Calif. Washington and Oregon. Every state in the nation, however, has at least some hydro, except for Delaware and Mississippi, according to Uria-Martinez. The median project size is less than 10 MW and non-powered dam projects dominate the pipeline.

Recent legislation could help the hydro sector pick up more growth. Just a week ago, said Uria-Martinze, the U.S. house of representatives approved bill aimed at helping larger hydro projects get permitted. Part of it included a provision that allow existing environment impact studies to be used for a new project if they have already been conducted in that region.

The grid today needs flexible resources to account for the variable resources — like wind and solar — that are increasing grid instability. Uria-Martinez sees hydro as a key resource to help ease those pains. “We need to keep investing in older hydropower plants to keep them flexible enough to meet the challenges of the 21st century grid,” she said.

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Women Engineers Still Desperately Needed

In 1984, when this year’s POWER-GEN 2015 Woman of the Year Kim Greene started engineering school, about 16 percent of her class was made up of women. Today, more than 30 years later, that number has jumped to just 18 percent.

Greene, the Chief Operating Office of Southern Company was one of three finalists for the 2015 Woman of the Year award during Power Generation Week and on Tuesday December 8, she took part in a panel discussion with her co-finalists: Terry Jester, CEO and Chairman of Silicor Materials and Roxann Laird, Director of the National Carbon Capture Center, during the Women in Power luncheon.

The fact that women only make up 18 percent of engineering students is an alarming statistic and was the topic of discussion for much of the panel. To combat it, Greene believes that everyone should be encouraging young women to study engineering. “Fathers, mothers, uncles, aunts, school teachers,” she said, explaining that it should be important to all of us to encourage girls to pursue education in technical fields that will (hopefully) ultimately lead to careers in the energy industry. Laird explained that she does simple things in her household, such as conducting science experiments at birthday parties for her daughter.

Also important is persistence, said Greene. Girls may need a bit of extra encouragement when they do poorly on a test or fail a class. If a mentor can offer words of encouragement like “keep your chin up” and “you can do this,” that may be all that is needed to keep a girl motivated who may otherwise have become discouraged.

As far as rising through the ranks of an organization, Jester believes it isn’t about being the smartest person in the room or always making the right decisions. Women just need to believe that they are capable of being charge. If you make a mistake, own it and move on, said Greene. It’s ok to admit you are wrong, don’t dig in your heels.

Panelists were also asked for tips on how to re-enter the workplace after a hiatus or after switching careers and all agreed on one thing: “don’t apologize for the gap.” Jester believes that someone who has re-dedicated herself to the workplace makes for an excellent employee.

At the end of the day “engineers solve problems,” said Laird adding, “it’s a fun industry.” Jester said that there are misperceptions in the industry that engineers are stuck in a cube or an office doing very boring jobs but it is not like that. Those of us in the industry know its fun.

Robynn Andracsek, an engineer with Burns & McDonnell and member of the Women in Power committee led the panel discussion during the luncheon.

The purpose of the Women in Power committee is to provide role models to inspire young women to pursue careers in energy. Anyone in the energy industry can nominate a woman for the Woman of the year award. Nominations are open from April to August each year.

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Uncategorized

Women Engineers Still Desperately Needed

In 1984, when this year’s POWER-GEN 2015 Woman of the Year Kim Greene started engineering school, about 16 percent of her class was made up of women. Today, more than 30 years later, that number has jumped to just 18 percent.

Greene, the Chief Operating Office of Southern Company was one of three finalists for the 2015 Woman of the Year award during Power Generation Week and on Tuesday December 8, she took part in a panel discussion with her co-finalists: Terry Jester, CEO and Chairman of Silicor Materials and Roxann Laird, Director of the National Carbon Capture Center, during the Women in Power luncheon.

The fact that women only make up 18 percent of engineering students is an alarming statistic and was the topic of discussion for much of the panel. To combat it, Greene believes that everyone should be encouraging young women to study engineering. “Fathers, mothers, uncles, aunts, school teachers,” she said, explaining that it should be important to all of us to encourage girls to pursue education in technical fields that will (hopefully) ultimately lead to careers in the energy industry. Laird explained that she does simple things in her household, such as conducting science experiments at birthday parties for her daughter.

Also important is persistence, said Greene. Girls may need a bit of extra encouragement when they do poorly on a test or fail a class. If a mentor can offer words of encouragement like “keep your chin up” and “you can do this,” that may be all that is needed to keep a girl motivated who may otherwise have become discouraged.

As far as rising through the ranks of an organization, Jester believes it isn’t about being the smartest person in the room or always making the right decisions. Women just need to believe that they are capable of being charge. If you make a mistake, own it and move on, said Greene. It’s ok to admit you are wrong, don’t dig in your heels.

Panelists were also asked for tips on how to re-enter the workplace after a hiatus or after switching careers and all agreed on one thing: “don’t apologize for the gap.” Jester believes that someone who has re-dedicated herself to the workplace makes for an excellent employee.

At the end of the day “engineers solve problems,” said Laird adding, “it’s a fun industry.” Jester said that there are misperceptions in the industry that engineers are stuck in a cube or an office doing very boring jobs but it is not like that. Those of us in the industry know its fun.

Robynn Andracsek, an engineer with Burns & McDonnell and member of the Women in Power committee led the panel discussion during the luncheon.

The purpose of the Women in Power committee is to provide role models to inspire young women to pursue careers in energy. Anyone in the energy industry can nominate a woman for the Woman of the year award. Nominations are open from April to August each year.

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Inspiring Young Women To Pursue Careers in Energy

At last night’s PennWell Awards Ceremony, Kim Greene, a 24-year veteran of the power industry, was named the POWER-GEN 2015 Woman of the Year.

Greene began her career as an engineer with Southern Company in 1991 and ascended to leadership roles at Mirant and Tennessee Valley Authority (TVA), before returning to Southern Company Services in 2013 to become President and CEO. She was a keynote speaker at POWER-GEN International in 2014.

Today, she serves as chief operating officer of Southern Company and is responsible for overseeing system operations, which include generation, transmission, engineering and construction services, system planning, and research and environmental affairs, as well as the company’s competitive wholesale generation businesses.

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Renewable Energy World Announces the 2015 Project of the Year

At last night’s PennWell Awards Ceremony, Invenergy’s Grand Ridge Energy Storage Project was named the Renewable Energy Project of the Year.

As more and more intermittent renewables come online in the developed world, the business case for energy storage becomes more and more defined. In 2012 transmission operator PJM recognized the value of energy storage in the secondary market for frequency regulation and today the region has more than half of the energy storage installed capacity in the U.S.

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