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In late September, Hurricane Helene bore down on the small town of Hot Springs, N.C. – about 35 miles north of Asheville. Months later, businesses in the town of about 600 are still recovering from the historic flooding.

Photos courtesy of Abigail Norton.

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This may seem like a strange place to report on advancements in renewable energy; however, an innovative microgrid operated by Duke Energy reduced a possible multi-week power outage after the storm to just a few days without power.

Hot Springs Mayor Abby Norton — operating from a makeshift office since City Hall is still damaged — supported the microgrid before it began operating in 2023. The opinion was wait-and-see for the rest of her town in Madison County.

“Residents knew the microgrid was here. But it has only delivered power once,” said Norton. “Now, I think people are glad it’s here.”

The Hot Springs microgrid consists of a 2-megawatt (AC) solar facility and a 4.4-megawatt lithium-based battery storage facility. If an outage occurred, the microgrid was designed to serve the town’s entire power load for 4-6 hours. This timeframe would give the utility sufficient time to repair most routine outages in the area.

Photo courtesy of Duke Energy.

Power to the town is delivered by a single distribution line that runs through the Pisgah National Forest, and lengthy outages have happened in the past. Surrounded by a wooded mountainous area, bringing a second line to the town would be an expensive and significant disruption. Backup power with a fossil fuel generator is not an option for the environmentally sensitive area.

For many months in 2017, members of an Energy Innovation Task Force (EITF), an ongoing regional collaborative effort, worked with Duke Energy on future energy needs in the region, including how to incorporate emerging technologies like energy storage to better serve the region. EITF Technology Working Group co-chair Ned Ryan Doyle said in an earlier article, “Investments in energy storage are a key component to a more reliable and resilient grid. It provides a foundation for the expansion of true clean energy sources.”

Microgrids are not new. Many use a natural gas generator to operate. With the solar plus battery setup, the Hot Springs microgrid does not use fossil fuel or produce emissions. Duke Energy’s work on the technology over the past decade allows the microgrid to pick up power from a “black start” situation – where nothing is operating. 

Duke Energy has been testing “renewable” microgrid concepts in its territory. It has provided backup power to fire stations, military installations, communication towers, and emergency operation centers, all of which are either in remote locations or vital facilities that need constant power.

“It is not a silver bullet for every situation. It’s technically complex,” said Jason Handley, Duke Energy’s general manager of the Distributed Energy Group. “But it gives us additional options on how to supply power in areas where continuous power is critical, including remote areas.”

When Hurricane Helene hit the area on September 27, the electrical substation that served Hot Springs, located in nearby Marshall, was basically washed away. Rebuilding it would take months; even a temporary fix could take two weeks. 

While the rebuild was underway, Handley and his team wondered if the Hot Springs microgrid could be configured to serve the town continuously until the substation was back in service.

One immediate challenge was accessing the town of Hot Springs, which, like many areas in the region, was not easily accessible by road. By Oct. 2, the microgrid was able to isolate the town from the rest of the power grid and begin delivering power – continuing to deliver electricity until the main power grid was back in action on Oct. 8.

“The damage in the town reduced the overall demand for power,” said Handley. “That allowed us to use the solar and battery to deliver electricity to downtown Hot Springs all the time – and the rest of the town, all except for some overnight hours. We stretched the capabilities of the microgrid.”

The success of the renewable setup has drawn interest from those concerned about extreme weather and the need for constant electricity – especially in remote areas like Hot Springs. Duke Energy is looking at future locations, and Handley is hearing from other interested customers and utilities hoping to learn more about the technology.

For Mayor Norton, residents are supportive but are waiting for the next important test. “We want it to work when there is an outage during cold weather. That will be key.”

The post In a flood-damaged N.C. town, a microgrid had a big impact appeared first on SACE | Southern Alliance for Clean Energy.

In a flood-damaged N.C. town, a microgrid had a big impact

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Respect for One’s Executioner

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This from Sartre.

Great parallel to modern-day Trump supporters, who love their leader while they pay $5 for a gallon of gasoline.

Respect for One’s Executioner

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Renewable Energy

New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures  

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New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures  

WASHINGTON, D.C. – A new report from ACORE presents survey data from leading investors about the performance of tax equity structures and how they continue to play a significant role in financing clean energy projects.  

For more than two decades, tax equity has provided a stable private financing mechanism and an important source of capital for new clean energy projects in the United States. The U.S. clean energy industry now attracts over $45 billion in tax credit investments annually, of which more than $20 billion is provided by banks through tax equity arrangements. The report provides an expert look into how tax equity financing transactions are structured and the risks and returns associated with these deals.

Key takeaways from the report include:

  • Overwhelmingly Positive Returns: An ACORE survey representing over 75% of the tax equity market showed that these investors typically receive a median 8.4% return on current investments.
  • Minimal Downside Risk: Risks associated with recapture, foreclosure, and bankruptcy have been exceptionally low for tax equity investors.  
  • Demand for Tax Equity Exceeds Supply: Tax equity is responsible for between one third and two thirds of a clean energy project’s overall financing, and about 45% of tax equity is provided by banks through tax equity arrangements. Demand for tax equity will accelerate as investors look to finance energy storage and other eligible technologies that continue to qualify for tax credits.

“This report reflects ACORE’s commitment to delivering solid, impartial insights from the entire span of the clean energy industry,” said Ray Long, President and CEO of ACORE. “Getting clean energy tax policy right is the key to ensuring the United States is ready to deliver the power needed for tomorrow’s economy.”

The Risk Profile of Tax Equity Investments: 2026 Edition, is available in full on the ACORE website.  

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About ACORE
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.

ACORE’s membership includes clean energy investors, developers, energy buyers, power generators, manufacturers, and energy providers. In 2024, nearly 80% of the booming utility-scale domestic clean energy growth was financed, developed, owned, equipped, or contracted by ACORE members. For more information, visit www.acore.org.  

Media Contacts:

Chris Higginbotham
higginbotham@acore.org

The post New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures   appeared first on ACORE.

https://acore.org/news/new-acore-resource-breaks-down-the-complexities-of-energy-tax-equity-structures/

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An Economy that Works for Everyone

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Right-wingers, like the fellow shown here, tend to make broad and unfair generalizations about the left.

Progressives would like to see an economy that works for everyone, not just the uber-rich.  We want wealth creation for the people who need it most.

The best way to make this happen is strong, high-quality public education and universal healthcare.

These are not radical concepts; this is the way the vast majority of the developed world operates.

An Economy that Works for Everyone

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