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Will Renewable Energy Affect the Energy Market?

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Renewable Energy on the Rise

The concept of using renewable energy as an alternative to fossil fuels is growing more rapidly each year. Renewable energy options are on the rise, such as: solar, hydropower, biomass, wind and geothermal. The energy market will soon face a change that will be irreversible. When it comes to renewable energy development, financing and management, Intersect Energy is here to offer our expert services regarding alternative energy.

An efficient economic market place is anchored by the rule of supply and demand. Fossil fuels have been the energy supply to meet the demand for power for the majority of the Industrial Revolution. However, with the expansion of renewable energy, that dominance is beginning to fade. The supply for wind, solar and even hydropower is limitless in principle, because they will never run out.

Replacing Fossil Fuels

According to scienticamerican.com, renewable energy will replace fossil fuels in the next several decades. “It is hardly surprising, of course, that many experts say we will witness a relatively drawn-out transition from fossil fuels to renewables,” the article states. “Any new form of energy initially operates at a severe disadvantage, lacking the elaborate production, processing and distribution networks by the prevailing type.”

While the current administration advocates policies that promote remaining dependent on coal for the time being, China has their future set on renewable energy. According to this article, President Xi has been very interested in renewable energy and has been optimistic about its future. He believes in the “green shift” that the world is currently undergoing. Currently, China owns five of the top solar module manufactures, five of the largest wind turbine manufactures and six of the 10 major electrical car manufactures, setting themselves up to become the renewable energy world leader. Intersect Energy’s alternative energy on-site energy generation services offer analysis, financing, and structuring of alternative energy for various work sites, to take advantage of business opportunities that China and other countries are creating.

Balancing the Costs of Renewable Energy

Experts believe come 2020, renewable energy prices will be competitive against fossil fuels. According to a greentechmedia.com article, “all types of clean energy will fall within the cost range for fossil fuels in the next two years.

What the Future Holds for Renewable Energy

If we then fast forward 12 years to 2030, we can expect renewable energy to be the dominating energy source in the market due to its cheaper prices, better production and distribution, and all around higher effectiveness than coal, oil and natural gas. In conclusion, it’s safe to say that renewable energy affects the energy market today and tomorrow.

Intersect Energy is your guide when it comes to information about renewable energy and offers our services with energy reduction technologies, aggregate energy, and more. For more information, please click here to contact us.

Does Renewable Energy Affect the Job Market?

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Intersect Energy is seeing renewable energy boost the job market by adding thousands of new jobs across the country.

The job market in the U.S. has suffered instability for a substantial amount of time. Even though we have seen the employment rates increase in the previous four years, there is still a great need for higher paying jobs and full-time work.

Job Creation and Renewable Energy

Intersect Energy specializes in consulting and development services of distributed energy resources (DER).  We see the jobs the development of renewable energy systems is directly and indirectly creating. According to an article on fortune.com, renewable energy is creating jobs about 12 times faster than the rest of the economy. This is particularly accurate with the wind and solar industries, as the Environmental Defense Fund’s (EDF) Climate Corps Program says that the solar and wind jobs have grown about 20 percent annually in recent years.

According to usnews.com, the US wind and solar industries successfully employ over 300,000 people. The solar sector contains 209,000 workers, while wind industry has created over 88,000 new jobs. These numbers clearly prove that renewable energy has the capacity to add an abundant supply of new work.

Intersect Energy Helps Improve the Job Market

At Intersect Energy, we are involved in energy projects that create jobs and sustainable savings for decades. These are micro infrastructure projects that employ skilled laborers to build each DER system. The money saved on energy costs are reallocated by local businesses on new hires or capital infrastructure for expansion. In the case of DERs that involve Public and Government entities, in addition to the benefits of employment and capital projects, you see savings in a reduction in the need to new taxes to support those institutions.

The Positives

Renewable energy is having a positive effect on the job market in early 2018, even with the increased tariffs on imported solar panels. We are witnessing a shift from fossil fuels to renewable energy in the job market. This is not only good for the environment and stability in the domestic energy market, but will prove to be a monumental stepping stone for many unemployed Americans in the next several years.

Intersect Energy is your source for renewable energy news and services regarding alternative energy on-site energy generation, energy reduction techniques, and government incentives and grants. For more information, contact us here!

Would Renewable Energy Change our Future?

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Renewable EnergyWhen it comes to the future of renewable energy, there is always a level of apprehension to grasp on to it, even if the idea is innovative and has the potential to change your life. The topic of transition to renewable energy has been thrown around for several years now, and while it has proven to be more than an effective alternative to the use of fossil fuels, the majority of people, businesses and our Government (Federal, State & Local) still are not fully embracing its use.

 

The Current State of Fossil Fuel

To fully comprehend how renewable energy could change our future, we must understand how fossil fuels are currently utilized in the U.S. According to The National Academies of Sciences, Engineering, and Medicine’s website, the U.S. gets 81 percent of its total energy from oil, coal, and natural gas, all of which are fossil fuels. Coal is very abundant in the U.S. and is the cheapest to use. Intersect Energy provides alternative energy solutions, including on-site generation, reducing the demand for fossil fuels that negatively impact the environment while still reducing consumption costs.

The Costs of Renewable Energy

Spending and cost are always a contentious issue in creating Government policy and that is one of the biggest hurdles that renewable energy will have to face on the way to becoming mainstream. According to the Union of Concerned Scientists’ website, the average cost in 2017 to install solar systems went from $2,000 per kilowatt, for large-scale systems compared to a natural gas plant ranges from $1,000 to $1,700. If the government would choose to mandate the increase use of renewable energy, it would require higher capital expenditures to create new supplies of energy. Because of this difference, it requires government leadership to utilize strategic planning on deciding where renewable energy facilities would be utilized until such time the costs to install equalize.

However, more utilization of renewable energy could be offset by the Federal Government’s energy expenditures. According to Oil Change International’s website, it is estimated that subsidies to the U.S. fossil fuel industry range from $10 to $52 billion annually. Pursuing a renewable energy strategy could cut those figures down and the government would likely improve revenue collections by creating new jobs installing and maintaining new renewable facilities.

Moving Forward

The transition to renewable energy would not change our future overnight. The short term benefits of jobs, taxes and lower energy costs would be visible sooner than the long term benefits of lower greenhouse gases and strategic energy independence that our current dependency on fossil fuel creates. Intersect Energy leverages government incentives allocated for energy reduction, navigates government bureaucracies in creating energy cost savings for their clients. Intersect Energy would like to provide you with information on the pursuit of clean and renewable energy for your business. For more information on Intersect Energy, click here.

Surging Benefits for the Use of Solar Energy in Commercial Real-Estate

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When it comes to the advancement of commercial real-estate, there have been changes in virtually every field ranging from price negotiations, to the rise of online marketing and communication tools. However, among the most pivotal is the expansion of solar energy used for commercial real-estate.

According to an article published by the Solar Energy Industries Association (SEIA), “Solar energy offers commercial real estate (CRE) property owners and managers an exceptional opportunity to boost cash flow by reducing utility expenditures, increasing rents, and increasing common areas maintenance (CAM) using reimbursements.”

In addition to the list from SEIA, property owners are no longer dependent on distributed energy from monopolistic (utility) companies for electricity. This reduces the problems that come from being subjected to unpredictable and politically based rate increases.

The primary way to evaluate the economic benefits from solar energy involves calculating how much power a building or company is using. The more power being used, the more the solar development costs can pay for itself. As an independent consultant and developer, Intersect Energy (www.intersectenergylllc.com) has seen an average of 20 percent cost savings for their clients net of capital costs.

The most efficient way to bring solar energy to commercial real-estate is using a solar power purchase agreement (PPA). According to SEIA, a PPA is a financial agreement where a developer arranges for the design, permitting, financing and installation of a solar energy system on a customer’s property at little to no cost.

One of the biggest advantages about solar energy according to commercial tenants is that it provides satisfaction due to its reliable power and the cost reduction. This satisfaction manifests in positive feedback and encourages property owners to install more solar energy facilities, increasing development demand, and creating jobs.

Despite the overwhelming success of solar energy in commercial real-estate, not all property owners are on-board with the idea. Some feel that solar energy is not reliable enough or just prefer not to get involved in providing alternative, green energy to their tenants. However, solar energy has proven to be just as reliable, if not more, than distributed energy from a utility company. The reason for the lack of confidence in solar energy varies from different property managers, but with the economic benefits we will no doubt see solar energy used more often.

Intersect Energy is an expert in alternative and micro grid technology, developed for their clients with not just alternative energy solutions, but access to financing sources. If you want to learn more and get information, contact us today.

Utility CEO: New Renewables Will Be Cheaper Than Existing Coal Plants by the Early 2020s

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It is difficult to exaggerate just what a sea change has taken place in the discussion of renewable energy in recent years.

Oldsters like me remember when the idea that (unsubsidized) renewable energy would be able to compete directly with fossil fuels was downright utopian. As late as the early 2000s, people were debating whether it would happen this century, or at all.

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A Fumble for Renewable Energy

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The struggle for a nation to leverage renewable energy has been a game of one step forward, and three steps back.

Renewable Energy - Lincoln Financial FieldWhen Pennsylvania enacted the Alternative Energy Portfolio Standards (AEPS) 14 years ago, the same year that the Eagles season ended in a trip to Super Bowl XXXIX with the Patriots, it seemed like a fantastic leap for the progression of the expansion of renewable energy in Pennsylvania. But, unlike the chances of the Eagles victory for this year, the AEPS does not have the same chances for success.

According to an article written by Mark Szybist on nrdc.org, this happened because the AEPS has grown very weak, and the policy needs to go under revision. He goes on to say, “Strengthening the AEPS before 2021, when its targets flat-line, would re-establish Pennsylvania as a clean energy leader. Failing to do so would effectively shut the door on thousands of clean energy jobs and increase our dependence on fossil fuels…”

According to the Pennsylvania Alternative Energy Credit Program (www.pennaeps.com) website, the AEPS was established to, “provide economic development opportunities by increasing the mix of alternative electricity generation of Pennsylvania. ”They propose that 18 percent of the electricity supplied by electric distribution companies (EDCs) and electric generation suppliers (EGSs).

As we look at New Jersey compared to Pennsylvania in their goals and how they are achieved, New Jersey has a stronger solar energy renewable credit market which has produced hundreds of thousands of jobs installing and maintaining renewable energy from solar projects, where PA has lagged in clean job creation.

However, this hasn’t stopped some forward-thinking organizations and groups from pursuing the idea of renewable energy. Since 2004, the Philadelphia Eagles have installed 11,000 solar panels and 14 wind turbines in their home stadium at Lincoln Financial Field. A solid contribution, but like the Eagles’ upcoming challenge against the Patriots in this year’s Super Bowl, the pursuit of increasing the utilization of renewable energy is a battle that every smart Philadelphian and Pennsylvanian wants to win.

Feel free to contact us with any further questions!

New York City Sues Oil Firms over Climate Change

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“As climate change continues to worsen, it’s up to the fossil fuel companies whose greed put us in this position to shoulder the cost of making New York safer and more resilient.” – Bill de Blasio, NYC Mayor

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Intersect Energy consults, develops, and finances alternative energy solutions that reduce companies dependence on fossil fuels. Intersect’s innovative energy solutions help commercial and industrial business’s by providing alternative energy solutions today, for a better climate tomorrow.

Quick Solutions to Big Problems

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Intersect Energy is a small business based near Philadelphia. It is offering a mobile emergency generation system in increments of 30MWs for the immediate deployment in disaster locations. These systems are built to allow for the site to be prepared while the actual equipment is in transit, allowing for faster commissioning. In a microgrid model allows for more rapid restoration of
remote grid locations.

Feedstock is a major concern in most emergency situations. Certain feedstocks might be highly available while other fuels are in short supply. The Intersect Energy solution allows the use of most major fuel sources, including diesel, natural gas, LNG, CNG, and LPG.

Intersect Energy has the expertise to procure and deliver the feedstock to the generation location.

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