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Brought to you by. Integrating Solar Inverters Into the Smart Grid. Tom Tansy SunSpec Alliance June 24, 2014. Today’s Presenters. Tom Tansy SunSpec. Martin McCue Moxa. Agenda. Introduce the SunSpec Alliance U.S. solar market outlook Trends driving the smart inverter market
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Brought to you by Integrating Solar InvertersInto the Smart Grid Tom Tansy SunSpec Alliance June 24, 2014
Today’s Presenters Tom Tansy SunSpec Martin McCue Moxa
Agenda • Introduce the SunSpec Alliance • U.S. solar market outlook • Trends driving the smart inverter market • Opportunities for integrators • Q & A
SunSpec Information Standards Bulk Data Exchange Inverter Tracker Finance Risk Assessment Meter Grid Operations InternetVPN Plant Controller Data Store String Cloud SCADA Module RegulatoryReporting Storage Custom Apps Enviro End-To-End Security Monitoring & Control Solar Plant Applications
Standards Drive Innovation and Value Value Innovation Performance Plant Operations Grid Control Cost Complexity Risk Risk Assessment
So More PV Installed in Q4 2013 Than All of 2011 2013: 4,751 MW140,000 installations $13.7B market size Source: Greentech Research, April 2014 Source: GTM Research/SEIA U.S. Solar Market Insight
National Market Is Forming Source: Greentech Research, April 2014 Source: GTM Research/SEIA U.S. Solar Market Insight
But Concentration Remains In A Few States 2013 Installations Residential Non-Residential Source: Greentech Research, April 2014 Source: GTM Research/SEIA U.S. Solar Market Insight
Professional Investing Era Has Started “SolarCitySecuritization Deal Jolts Solar Energy Industry” “NRG Yield IPO ‘could transform access to capital’” “SolarCityAnnounces Pricing of Second Securitization” “SunEdisonup 9% on ‘yieldco’ IPO news”
U.S. RE Industry Needs A Lot Of Capital Source: Financing U.S. Renewable Energy Projects Through Public Capital Vehicles: Qualitative and Quantitative Benefits (2013); Mendelsohn, M. Feldman, D. http://www.nrel.gov/docs/fy13osti/58315.pdf
Most Capital Unavailable to RE Investment Source: The CityUK Source: The CityUK
Public Capital Vehicles Could Lower LCOE 8-16% Source: Financing U.S. Renewable Energy Projects Through Public Capital Vehicles: Qualitative and Quantitative Benefits (2013); Mendelsohn, M. Feldman, D. http://www.nrel.gov/docs/fy13osti/58315.pdf
Early Commercialization Finance Gap Transitional Assistance Needed
Solar Access To Public Capital Initiative • Goals • Cover early commercialization gap • Investigate way to expand capital base • Lower costs of RE financing • Results • Identified public market mechanisms • Securitization • Master Limited Partnerships • Delivered standard documents & processes • Engaged 250 investors & developers • Initiated “mock” securitization Download: http://www.nrel.gov/docs/fy12osti/55021.pdf
California Rule 21 Changes Coming • Rule 21 defines how solar plants connect to the grid • New revision permits smart inverters • To “support” the grid • Enable new services & revenue streams • Set stage for U.S. rollout
Smart Inverters & Storage Coming Together Generation Storage Wider Operating Range(lower Pmin) Voltage Support Regulation DispatchableSolar/Wind Fast Ramping FrequencyResponse Over GenerationMitigation Dispatchable Quick Start Load Shift Peak Load Reduction Demand Response
EPRI/SunSpec California Solar InitiativeSmart Inverter Test & Certification Program • Supported by leaders • SMA, Fronius • SCE, SMUD • Sandia, UL • Demo full integration • Technical controls • Market signals • Utility networks • Enables broad deployment • Sets stage for U.S. roll out • Harmonizes safety standards
Early Smart Inverter Projects • Cooperate with utilities • Build revenue models • Showcase expertise
Last Mile Network Integration Private Cloud Grid Operations Utility/ISO Inverter Tracker Plant Controller Meter String Public Cloud Module Plant Controller IPP O&M Storage Enviro End-To-End Security, Monitoring & Control Solar Plant Applications
PV + Storage Solutions • California mandate to add 1,325 MW storage by 2020 • Cal ISO enabling “Flexible Ramping” product sales • “Second Life” EV batteries driving economics
Summary • Smart inverter era has started • Opportunities emerging • New deployment scenarios • New revenue & product/service opportunities • Broader utility cooperation • Act now to lead this exciting field
Questions & Answers Brought to you by Information Standards for Distributed Energy Tom Tansy - tom@sunspec.org - +1 831-227-1073