Connect with us

Tech

NV Energy is exploring new pricing plans to provide Google with 24/7 power from its Ferbo geothermal plant.

NV Energy is exploring new pricing plans to provide Google with 24/7 power from its Ferbo geothermal plant.

 


Listen to the article 4 minutes This audio is automatically generated. Please let us know if you have any feedback. Dive Brief:

Google and NV Energy on June 7 asked Nevada regulators for permission to enter into a power supply agreement under a proposed Clean Transition Tariff that would allow large energy users to pay a premium for clean energy from new sources 24/7.

Under the supply agreement, NV Energy will purchase power from Fervo Energy's 115 MW Corsac Station Enhanced Geothermal Project, which is under development, and sell it to Google at a fixed rate. Google will receive energy and generating capacity credits from the project on its electricity bills for its data centers in Story County, Nevada, to offset demand charges associated with those facilities.

Caroline Golin, Google's global head of energy market development, said the tariff is intended to encourage the adoption of more carbon-free, dispatchable energy resources, such as geothermal and nuclear power, by allowing energy users to make up the difference between the price of capital-intensive resources and lower-cost options such as solar and natural gas.

Dive Insights:

Interest in next-generation renewable energy technologies has surged in recent years, but most experts agree it will be years or even decades before these technologies are deployed at scale, primarily for economic reasons. Golin believes the business model presented in Google's proposed fee could speed up that process.

Under the rate, Google would pay the difference between the cost of geothermal energy from Fervo's project in Nevada and the cost of solar or natural gas, whichever low-cost resource NV Energy deploys under regulatory lowest-cost constraints. In exchange for this fixed fee, Google would receive energy and generating capacity credits added to its electricity bill.

Using the fee as a hedge against rising fuel and demand charges should give Google a financial advantage, Golin said. But it should also give NV Energy an advantage, she noted: Instead of overbuilding solar and adding new natural gas to ensure a steady supply while meeting customer demand for renewable energy, the company would have access to stable, dispatchable renewable energy without violating lowest-cost regulatory requirements.

Nevada has a net-zero goal and NV Energy has a 100% renewable energy goal. Right now, their plan is to overbuild solar and backfill with natural gas. This creates a lot of stranded assets, but they're tied up in regulatory frameworks, Golin said. Tariffs would speed up the commercialization of a coveted resource, making the whole system better, she said.

Golin said Google began exploring the idea of ​​the rate about a year and a half ago after reviewing NV Energy's long-term resource plan. The company had identified some interesting opportunities to provide dispatchable carbon-free energy but hadn't incorporated them into its current resource plan due to cost issues. The company worked with NV Energy and the Nevada Public Utilities Commission to develop a framework that would help realize those opportunities more quickly, Golin said.

While the energy contract in Nevada will only provide enough energy to power Google's data centers, Golin said the purpose of the rate is to create a framework that other customers and other states can replicate. The company is already in talks with Duke Energy and several other technology companies about setting similar rates in North and South Carolina, Golin said. Google is also working with other undisclosed utilities to explore opportunities to apply the framework to everything from advanced nuclear power to distributed resources and virtual power plants, he said.

Sources

1/ https://Google.com/

2/ https://www.utilitydive.com/news/google-fervo-nv-energy-nevada-puc-clean-energy-tariff/719472/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]