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Hawaii Renewable Energy Development Venture (HREDV)

HREDV is a funding agency supporting renewable energy projects with immediate benefits. Projects focus on commercialization-ready technology and linkages like energy and food security. Receive up to $1.2 million in funding. Topics include energy efficiency, interisland cables, smart grids, biofuels, and more.

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Hawaii Renewable Energy Development Venture (HREDV)

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  1. Hawaii Renewable Energy Development Venture (HREDV) • Funding agency for renewable energy • Push is for projects with immediate benefits • Implementation of commercial products • Technology that is ready for commercialization • Linkages are a bonus, e.g. energy security and food security can be linked to one another • $1.2 million in funding for FY2008 • Solicitations out June 2009

  2. HREDV – Possible Topics • Improving energy efficiency • Renewable energy • Interisland cables • Energy for agriculture • Analysis of transmission & distribution • Smart grids • Coupling intermittent sources to grid • Alternative transportation • Biofuels • Batteries • Education and outreach

  3. HECO: Current Issues • Committed to producing 50% of HI power from renewable sources • Mostly wind • Need to solve intermittent energy problem • Frequency of generation • Predictability of generation • Smoothing of spikes in power • Need to connect island w/ undersea cable • Renewable resources are not evenly distributed • E.g. OTEC: best on west Oahu or west side of Big Island • Geothermal: only on Big Island

  4. Background Hawaii Info • 85% of energy is from imported petroleum • 90% of oil is from foreign sources • Fuel surcharges affect cost of 80% of goods • Statewide daily energy usage is ~1200 MW • Big Island already powered by 45% renewable energy (geothermal + wind) – highest % in world 6 MW 200 MW 6 MW 200 MW

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