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With climate change driving more frequent and severe weather events, the strain on our electric grids has never been greater. In 2023 alone, severe storms, heat waves, and winter freezes left millions without power, costing billions in economic damage and putting lives at risk. And in 2022, an average American experienced 16% more grid…
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Direct Pay Credits are a Game Changer for Renewable Energy and Tax-Exempt Entities
Within the landscape of renewable energy and tax legislation, direct pay credits have emerged as a pivotal development, especially in the wake of the Inflation Reduction Act. This new concept allows certain tax-exempt entities to monetize tax credits without having any tax liability. Ultimately, this is a major game-changer for institutions like universities, hospitals,…
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The Impact of the Inflation Reduction Act on Transferrable Tax Credits
Aside from changes to renewable energy, the Inflation Reduction Act (IRA) has brought significant changes to the landscape of tax credits. With the introduction of transferable tax credits on the federal level, there’s a timely need to understand how these changes impact various stakeholders. This explores the nuances of these transferable credits and their…
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Inflation Reduction Act Can Impact Company Investments
Recent months have shown that the Inflation Reduction Act (IRA) is a hot topic in the energy industry, sparking extensive discussions about its implications and opportunities. As businesses and organizations seek to join the renewable energy movement, understanding the nuances of the IRA is crucial. A recent study highlighted that renewable energy investments are…
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Energy Reporting for Utilities & Businesses Isn’t Just for Transparency. It’s for Energy & Cost Savings, Too.
As cities and states increasingly implement energy benchmarking, disclosure, and transparency mandates, utilities and businesses find themselves navigating a complex landscape of compliance and opportunity. The rise of building performance standards, such as New York’s Local Law 97, Boston’s Building Energy Reporting and Disclosure Ordinance (BERDO), and Denver’s Energize Denver, underscores the urgency for detailed…
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Data Sharing and GIS Integration: Critical Drivers for Successful Utility Asset Management
Data sharing and GIS integration are revolutionizing utility asset management, enabling unprecedented collaboration and efficiency between utility companies and telecommunications providers. As these entities increasingly share critical infrastructure, the need for robust, data-driven strategies to monitor and maintain these assets becomes paramount. This integration facilitates precise asset health monitoring, enhances preventive maintenance, and…
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Building Bridges in Energy: Collaborative Efforts Will Integrate Public and Private LTE Networks for Grid Modernization
As the demand for more robust and resilient power grids intensifies, utilities increasingly combine public and private LTE networks. This strategic shift is essential for meeting the complex requirements of modern power grids and ensuring reliable energy distribution. The collaboration between telecommunications companies and utility providers is now more critical than ever to…