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This fact sheet defines common resilience improvements and provides key considerations for identifying, prioritizing, and implementing these improvements across a commercial building portfolio. It also discusses common barriers to resilience improvements and reviews various third-party financing solutions that can help overcome these barriers.
This fact sheet summarizes 6 common internal financing modes and provides examples for each: Capital Expenditure/Operating Outlay, Self-Funded Energy Performance Contracts (ESPC), Carbon Fee Funds, Green Bonds, Green Revolving Funds, and Capital Investment Funds.
Recent high-impact events such as hurricanes and wildfires highlight the need for energy system resilience. One potential impact of these events is the loss of utility grid power to federal sites, negatively affecting the ability to carry out their missions. Depending on the need to sustain critical functions, it may be important to continue operations during an outage of the electric grid, or at least have power restored quickly after the event. One approach to addressing this need is through a microgrid. Microgrids can provide a more reliable solution than the traditional approach of using a backup generator at individual buildings. A microgrid can enhance a site’s electrical power system during normal operations, as well as provide reliable backup power to critical loads when electric utility power is interrupted. Many times, certain components of a microgrid (and potentially the entire system) can be justified economically and paid for out of energy savings or avoided costs. In cases where savings can cover the project costs, one of several privately financed procurement mechanisms may be used to implement the project. Procurement options available to all federal agencies include utility energy services contracts (UESC), energy savings performance contracts (ESPC), and utility services contracts (USC); other mechanisms such as a power purchase agreement (PPA), enhanced use lease (EUL), and utility privatization (UP) may also be useful to agencies that have the authority to use them. Implementing a microgrid in a comprehensive effort that also includes energy efficiency can provide an important savings component, while reducing power requirements for critical loads, thus reducing the cost of the microgrid and associated distributed energy resources (DER). However, it can be difficult to achieve enough savings and avoided costs to cover the entire microgrid system, so leveraging these avoided costs in combination with appropriated funds may be necessary to implement the full project. When a site is deciding if a microgrid is the best solution, activities early in the process include identifying critical loads and existing DERs, conversations with the local electric utility, and implementation options that work best for the agency and site. This paper explores procurement options and agreements that may be useful to federal agencies interested in implementing microgrids at their sites. Microgrid complexities, implementation considerations, and suggestions to get started are also discussed. This information will be most useful to agencies when they are exploring electric energy system resilience options and/or considering different procurement options to meet their needs.
A microgrid can enhance a site’s electrical power system during normal operations, as well as provide reliable backup power to critical loads when electric utility power is interrupted. When components of a microgrid (and potentially the entire system) can be justified economically and paid for out of energy savings or avoided costs, implementation by one of several privately financed federal procurement mechanisms is possible. However, it is typically difficult to achieve enough savings and avoided costs to cover the design, equipment, and installation of certain microgrid components that are required to integrate the system. This presentation explores procurement options and agreements that may be useful to federal agencies interested in implementing microgrids at their sites. This information will be most useful to agencies when they are exploring electric energy system resilience options and/or considering different procurement options to meet their needs.
This report provides past and present information about LANL, as well as details about opportunities in the finance and controller divisions.
This report examines the household-level energy impacts of residential property assessed clean energy (R-PACE) projects using normalized metered energy consumption methods. Our analysis covers projects that occurred through an R-PACE program between 2009 and 2017 and includes more than 25,000 electricity meters and 15,000 gas meters. We employ a comparison group, drawn from other R-PACE households with similar locational and usage characteristics whose projects were implemented at different times, to control for some non-project and non-weather factors that may impact energy use. We find that projects consisting of energy efficiency technologies save, on average, about 3% of household electricity usage and 3.5% of household gas usage. R-PACE financing, however, can be used to install central heating or air conditioning equipment for the first time. These projects would be expected to increase energy consumption. Since our data do not directly indicate which projects are new installations, we develop a simple algorithm for identifying them. Removing these inferred installation projects yields average savings of about 5% for electricity and 6% for gas for those households that remain in the sample. Given the mild California climate and the results of another study of similar California projects using similar methods, these results are in line with expectations. Solar PV projects yield large reductions in grid electricity use, averaging 69% of household consumption. We estimate that, collectively, all R-PACE projects installed in California through 2019 would generate annual reductions in grid-tied electricity consumption of 506 GWh (mostly due to solar PV) and gas consumption reductions of 2 million therms in a normal weather year. These impacts are equivalent to the electricity consumption of about 74,000 California households (including both efficiency and PV generation) and the gas consumption of about 4700 California households.
New federal financial resources are available to community-based energy storage projects and new financing structures are emerging in response. Many of these new resources arise from the Inflation Reduction Act of 2022, which makes billions of dollars available for clean energy technology like energy storage. It also makes clean energy tax credits available to certain community entities through a new elective pay mechanism. These new resources are a significant opportunity. Navigating their nuances may be challenging. This paper aims to identify and raise awareness of these developments and serve as a resource guide for community entities considering or pursuing community energy storage. The paper is arranged around key financial considerations that a community entity might weigh: the benefits desired from the project, the costs to provide those benefits, project ownership, pursuing tax credits, and additional sources of capital. These considerations give rise to several potential financial structures that are identified and finally compared.
Compared to traditional site build, modular construction can significantly shorten construction schedules and speed income generation. Modular construction may also reduce construction costs. Yet access to commercial financing remains one of the most significant barriers to modular construction. Materials must be purchased, and production lines reconfigured for each project months ahead of fabrication. Materials alone can be 60% or more of the total cost of production. As a result, manufacturers require large upfront deposits—often 30% or more of the off-site contract. In addition, the capital-intensive nature of modular construction requires frequent progress payments for manufacturers to maintain cash flow. For those lenders willing to fund modular projects, many require the developer to share more of the risk. This may include the developer paying for line reservation fees and material deposits 3–6 months prior to production. Because these are unsecured loans, interest rates may be higher and loan amounts lower. As suppliers, modular manufacturers discourage retainage. Together, these and other factors may contribute to higher equity requirements for the developer—particularly at the beginning of the project.
This fact sheet provides an overview for building owners and developers to take advantage of commercial property assessed clean energy (CPACE) financing for new construction, adaptive reuse, or renovation projects.
This article, the third in a series on the U.S. Department of Energy and IDEA collaboration, focuses on financial strategies used by institutions to support district energy system modernization and decarbonization. It highlights how effective funding models, long-term cost analysis, and leadership support are critical to implementing large-scale infrastructure upgrades. The case studies show different approaches to financing. Ball State University demonstrates how life-cycle cost analysis and phased funding—supported by state funding, bonds, and grants—enabled a transition to geothermal energy. Penn State’s Hershey Medical Center emphasizes the importance of financial leadership, shifting from reactive budgeting to data-driven, proactive investment in infrastructure. The University of Washington highlights how comprehensive data collection and analytics can justify investments and even create self-sustaining funding mechanisms like green revolving funds. Overall, the article shows that combining strong financial planning, data-driven decision-making, and innovative funding approaches is essential for advancing sustainable district energy systems while managing high upfront costs.
This presentation provides a look at the full lifecycle of the financial elements of a clean energy project. It reviews approaches for obtaining up-front capital, and then describes options for recovering the investment and generating profit or revenue from the project. The presentation was produced as a training for awardees of the Energizing Rural Communities prize.
Project Sunlight's aim is to develop a sustainable and scalable approach to overcome the hurdles of deploying solar energy for low-income populations living in multifamily affordable housing (MFAH).
Solar and solar and battery storage deployment is under-utilized by businesses in low-income and disadvantaged communities, in large part due to system costs and limited or complicated financial options. This document summarizes existing financial tools, discusses important financial barriers, and identifies emerging programs and opportunities to address these barriers.
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Quantum computers are expected to surpass the computational capabilities of classical computers and have a transformative impact on numerous industry sectors. Here, we present a comprehensive summary of the state of the art of quantum computing for financial applications, with particular emphasis on stochastic modelling, optimization and machine learning. This Review is aimed at physicists, so it outlines the classical techniques used by the financial industry and discusses the potential advantages and limitations of quantum techniques. Finally, we look at the challenges that physicists could help tackle. Quantum computers are expected to surpass classical computers and transform industries. This Review focuses on quantum computing for financial applications and provides a summary for physicists on potential advantages and limitations of quantum techniques, as well as challenges that physicists could help tackle.
This study investigates the issues and challenges surrounding energy storage project and portfolio valuation and provide insights in to improving visibility into the process for developers, capital providers, and customers so they can make more informed choices. Energy storage project valuation methodology is typical of power sector projects through evaluating various revenue and cost assumptions in a project economic model. The difference is that energy storage projects have many more design and operational variables to incorporate, and the governing market rules that control these variables are still evolving. This makes project valuation for energy storage more difficult. As the number of operating projects grow, portfolios of these projects are being developed, garnering the interest of larger investors. Valuation challenges of these portfolios can be even more challenging as market role and geographical diversity can actually exacerbate the variability, not mitigate it. By proposing additional visibility of key factors and drivers for industry participants, the US DOE can reduce investment risk, expanding both the number and types of investors, plus helping emerging energy storage technology into sustained commercialization.
Individual heat substations (IHSs) are important for improving the district heating (DH) infrastructure in Ukraine. The purpose of this memo is to discuss the position of key stakeholders on IHS deployment and developed amendments to the Law of Ukraine “On Heat Supply.” This memo also briefly discusses ways to bring funding for mass-scale IHS installation by DH companies.