WADE USA has released a report – ‘Effect of a 30% Investment Tax Credit (ITC) on the Economic Market Potential for Combined Heat and Power’ – that analyzes the technical potential and projected market penetration for traditional topping cycle CHP in the US under three different ITC scenarios.
The objective is to develop a first level estimate of the impact of various investment tax credit proposals on the market development of traditional topping-cycle CHP between 2010 and the end of 2017.
The study analyzed the projected impact on CHP development of both an expansion to the 10% ITC (applied to the first 25 MW of capacity for systems of any size) as well as the introduction of a 30% ITC for high efficiency CHP (projects with overall efficiencies of 70% lower heating value or greater). The projected impacts include:
- The expanded 10% ITC increases CHP deployment by about 20% over a no-ITC baseline (an extra 550 MW between now and 2017).
- The expanded 10% ITC results in an annual energy savings of 118 trillion BTU and an annual reduction in CO2 emissions of 14 million tonnes, which is equivalent to removing 2.6 million cars from the road. Investment in the projects represented by the expanded 10% ITC results in more than 17,000 highly skilled, well paying jobs.
- The 30% ITC for highly efficient CHP increases CHP deployment by more than 60% over a no-ITC baseline (an additional 1600 MW between now and 2017).
- The 30% ITC results in an annual energy savings of 162 trillion BTU and an annual reduction in CO2 emissions of more than 19 million tonnes, which is equivalent to removing 3.4 million cars from the road. Investment in the projects represented by the 30% ITC results in the creation of more than 23,000 highly skilled, well paying jobs.
To access the full report visit: www.localpower.org/WADE_USCHPA_ITC_Report.pdf
WADE Joins Asean Conference on Energy 2010 Innovation and Sustainable Development
WADE participated in the ASEAN Conference on Energy, Innovation and Sustainable Development, which was held in Putrajaya, Malaysia, on 4 October, 2010.
Fifteen nations participated in the event – Malaysia, Singapore, The Philippines, Indonesia, Thailand, Vietnam, Brunei, Cambodia, Myanmar, Laos, Australia, New Zealand, South Korea, Japan and India – and well-known speakers from across the globe shared their views and knowledge on the direction of the Association of Southeast Asian Nations (ASEAN) region’s energy sector.
Sridhar Samudrala, WADE’s director for Asia, also spoke at the conference, where he discussed in detail ‘Efficient grids and T&D Systems – the present capacity and its innovative future’.
More than 250 executives representing research organ-izations, power generators and the energy service sector attended the event, alongside energy experts, professionals and decision makers drawn from countries all across Asia.
WADE helps organise World Photovoltaic Summit and world smart grid summit china 2010
WADE was the associate organizer of the World Photovoltaic Summit and the World Smart Grid Summit China 2010, which was held on 18-21 October in Beijing. The events served as a platform for organizations and corporations from all over the world to network, communicate and find business opportunities. David Sweet, the executive director of WADE, presented at the event and chaired a panel discussion on the challenges of doing business globally.
Investments in Clean Energy Expected to Grow
As an official parallel event of the World Energy Congress Montreal 2010, WADE Canada hosted its Clean Energy Investments Executives’ Circle Dinner on 15 September.
This presented an important occasion for national and provincial investors as well as government, non-profit and technology figures to meet and discuss the current climate of energy investments compared to the past.
Canada’s global compet-itive advantage has a future but requires confident leadership from decision makers with an appetite for aggressive growth.
‘In 2009, the total installed capacity of solar photovoltaic systems in Canada surpassed 100 MW,’ said Dr Ozgur Gurtuna, president of Turquoise Technology Solutions.
‘While this number signifies an important milestone, we are nowhere near the true potential of solar energy.
‘At current levels, solar energy provides less than 0.1% of total electricity generated in Canada.
|Clockwise from left: Sonia Lacombe, Ernst & Young LLP; France Côté, board of trustees, Manning Innovation Awards; Senator Elaine McCoy, senator QC, Senate of Canada; Alexandre Prokhoroff, senior associate infrastructure and transaction advisory services, Ernst & Young; Elizabeth Huculak, vice president, WADE Canada; Stephane Bertrand, executive director, WEC Montreal 2010; Ozgur Gurtuna, president, Turquoise Technology Solutions Inc.; Andrée-Lise Méthot, founder and senior partner, Cycle Capital; Patrice Ouimet, vice-president and chief financial officer, Enerkem; Jan Buijk, president, EPS; Anouk Kendall, president, WADE Canada; Denis Tanguay, president, Canadian GeoExchange Coalition; Arthur Prévot, senior manager technology, Turquoise Technology Solutions Inc.; Not in photo: Yvan DuPont, president, AXOR|
‘By 2012, we would love to see the installed capacity double to 200 MW. Beyond 2012, we need to invest in new technologies to better manage our solar resource.
‘Advanced solar resource assessment techniques and forecasting capabilities are essential for the smooth integration of solar energy into tomorrow’s electricity grid.’
The diverse participants who attended WADE Canada’s Clean Energy Investment Dinner found common ground in how to optimize energy efficiency and to improve overall energy infrastructure.
‘It is during these events that I have an ever-increasing appreciation for the fact that it is the co-ordination and implementation of multiple technologies that will ultimately result in meeting our energy efficiency and emission reduction objectives,’ commented Jan Buijk, the president of EPS.
France Côté, partner at Benoît & Côté, commented further on the efforts by individuals from diverse backgrounds and with diverse interests to achieve a clean energy investment target for Canada.
‘I believe that we will be able to reach our goal only through the collective efforts of all combining various technologies,’ she said.
WADE Canada Meets the Town of Viking’s Sustainability Team
WADE Canada met with the Town of Viking’s Sustainability Project co-ordinator, Brian Rozmahel, and his team to explore collaborative opportunities for clean and efficient energy in the community.
Viking has support from the Rural Community Adaptation Program and is set to launch the Rural Sustainability Demonstration Town Project. Viking, in Alberta, has already well established the process of engaging its community in learning about sustainability.
Over the next two years, the sustainability project team is dedicated to capacity building and rural economic development using unique community solutions that help make Viking a resilient community with a diversified economy that preserves wealth and quality of life despite external market shocks.
WADE takes part in Washington Energy Summit 2010
Washington Energy Summit 2010, ‘Securing the World’s Energy Needs with a Practical Mix of Traditional and Alternative Fuels’, was held on 23 September at the Washington Hilton.
The conference examined the intersection between energy policies, resources and technologies from a global perspective.
Officials from the United States and from foreign governments, members of Congress, energy industry executives, environmentalists, advocacy association leaders, academics, and journalists participated in the summit.
WADE partners ASPO-USA Peak Oil Conference
The ASPO-USA Peak Oil Conference held on 7-9 October gathered economists, activists, technical experts and policymakers from across the political spectrum to discuss the global energy crisis.
Speakers at the sixth annual conference of the Association for the Study of Peak Oil and Gas (ASPO-USA) offered a single, coherent picture of a world unprepared to encounter energy limits, petroleum scarcity and the inevitable -and possibly unprecedented – rise in prices. WADE was one of the international partners present at the event.
WADE Canada meets delegates at WEC 2010 Montreal
WADE Canada met with WEC 2010 delegates from governments, universities and businesses from various countries to promote and support the decentralized energy (DE) industry in Canada.
The pre-release version of WADE Canada’s ‘Guide to DE in Canada’ was lauched at World Energy Congress (WEC) – the three-yearly meeting of the World Energy Council, which was held in Montreal on 12-16 September – and was well received by clean energy stakeholders.
WADE Canada will launch the final version of the guide at the World Future Energy Summit in Abu Dhabi in January. The conference gave WADE Canada’s management team an opportunity to introduce many stakeholders to the various activities and technologies of WADE Canada members.
WADE Presents at Chicago Waste Heat Workshop
WADE joined several DG/CHP leaders in sponsoring and speaking at a Waste Heat Recovery for Power and Heat Workshop on 29-30 September in Chicago, in the United States.
Michael E. Nix, WADE director of government affairs, spoke to the 120 attendees on WADE’s role in international policy negotiations and development, as well as on WADE’s work with the United Nations on climate change; and also WADE’s recent study into the potential implications of preferential tax treatment for targeted DG/CHP technologies.
Mission to the World Future Energy Summit in Abu Dhabi
NRC-IRAP (the National Research Council – Industrial Research Assistance Prog-ram) and WADE Canada invite readers to participate in a clean energy technology mission to the World Future Energy Summit in Abu Dhabi, which will be held in the United Arab Emirates on 17-20 January, next year.
Limited funding support is available for eligible small and medium-sized firms to join other Canadian businesses at this event.
For more information, please e-mail: email@example.com