NextEra CFO: Battery storage is starting a ‘real revolution’ in electric industry

first_img FacebookTwitterLinkedInEmailPrint分享PV Magazine:1.5 cents per kilowatt-hour. That’s how much NextEra Chief Financial Officer (CFO) Jim Ketchum estimates that batteries will add to the cost of solar and wind projects that the company has built over the last six to 12-months, as revealed in the company’s results call yesterday.But that’s not all. Ketchum further added that he expects this cost to fall to around half a cent per kilowatt-hour in the middle of the next decade. “Early in the next decade, mid-next decade, it’s going to probably be about $0.005 a kilowatt hour add, maybe $0.01, but probably closer to about $0.005. And so if we find ourselves in a marketplace where we are selling wind right around $0.02, I mean, a combined wind and solar product probably looks roughly around $0.025. Solar, into the next decade, probably looks more like a $0.03 product, sub-$0.03 in some markets. You add half a penny on that on the high end, you’re probably at about $ 0.035 a kilowatt hour.”NextEra CEO Jim Robo added to this, noting that batteries are allowing the company to provide “firm” power. “We’re right at the beginning of, I think, a real revolution in this country in terms of how electricity is – how storage interacts with electricity on the grid, and how we’re going to start delivering much different, firm, renewable products to our customers going forward,” stated Robo on the results call.CFO Ketchum elaborated on that statement, noting that the economics of wind and solar are going to allow these resources to out-compete existing conventional power plants – and potentially knock them off the grid. “As battery cost declines and efficiency gains are realized during the four-year start of construction period, we continue to expect that in the next decade new nearly firm wind and solar, without incentives, will be cheaper than the operating costs of traditional inefficient generation resources, creating significant opportunities for new renewables growth going forward.”These confident statements about the costs and abilities of solar and wind plus storage come as the company has reached a record backlog of 7.4 GW of solar, wind and energy storage projects. This includes nearly 2 GW of solar projects that the company has contracted to put online through 2020. During the quarter NextEra added 692 MW of solar projects and 90 MW of battery storage to its backlog.The large majority of this, at 1.48 GW of solar and 75 MW of battery storage, is planned for the 2019-2020 timeframe, however NextEra is also planning projects after 2020, and notes that the new IRS guidelines on the beginning of construction allow the company to claim the full 30% Investment Tax Credit for projects that it puts online as late as 2023, as long as they have started construction in 2019.More: NextEra expects storage to add half a cent to solar in mid-2020’s NextEra CFO: Battery storage is starting a ‘real revolution’ in electric industrylast_img read more

The War at Home – PART II

first_img Dani Ticktin Koplik, founder of dtkResources, a professional training and coaching firm, believes that for veterans’ outcomes in the job market to change, they should strive to understand the context and needs of the civilian workplace. He also said it’s important for veterans to avoid using military jargon, citing O*NET Online as a good resource to help veterans convert their military skill sets into civilian terminology. There are numerous resources available to military veterans searching for employment. Here are a few: “They often have the attitude that they are owed a job, and are under the impression that their skill set is more valuable than their civilian counterparts,” Graves said. “They have to understand that you can’t take a CEO of an organization, put stars on their shoulder, and expect them to be a successful general. Just like they can’t take their rank and walk in to the top of the chain of command in a civilian organization.” Feds Hire Vets: This veteran employment website was created as a direct result of the Executive Order signed by President Barack Obama regarding the employment of veterans in the federal government. The site includes information for veteran job seekers, transitioning service members, and veterans’ family members. By Dialogo April 03, 2013 Veterans Green Jobs: Founded in 2008, this organization connects military veterans with training and employment opportunities in the green sector. Any military veteran who served 180 days or more and was discharged under honorable conditions is eligible for the programs they offer. Career Resources for Veterans “In the civilian workplace, competence is assumed and progression through the ranks is often a function of personal relationships, of visibility, and of the softer skills such as displaying emotional intelligence, being able to communicate and build rapport, and establishing trust.” Sara Sutton Fell, founder of FlexJobs, a professional job finding service, suggested that veterans market their supervisory experience to employers. “It is all dependent on the career field of the member, but many gain extensive professional certifications that can translate into the civilian sector. Some such certifications are found in areas such as legal, hazardous materials, healthcare, engineering, transportation, accounting/finance, and information security.” “The reality of the civilian workplace – what it looks like, what it values, how it operates – is quite different from the military reality,” Koplik said. “Very simply, if vets want to secure employment, build a career, and succeed in the civilian sector, they have to accept what today’s business reality looks like. Business now is highly relational, collaborative, and interdependent which means that employers also look for candidates who ‘fit’ into their corporate culture, who understand and embody their corporate mission and buy into their corporate values.” Koplik said this is often foreign to vets who succeeded in a military culture based on merit, in which expectations for performance are well-articulated, clear, and consistent. Citroen said she encourages veterans to become active on LinkedIn and other networks, both in person and online. “Military personnel have extensive supervisory experience as they move up in rank. Not only do they perform as a supervisor and manager, often for numerous projects, programs, or units, but also as a mentor and professional development instructor,” she said. Interestingly enough, Graves, a Navy veteran, said that the largest obstacle for finding a job is often the veterans themselves. Wounded Warrior Careers Program: Offered through the National Organization on Disability (NOD), this program’s purpose is to help veterans with serious disabilities achieve meaningful, rewarding and sustainable careers in the civilian sector. Career specialists work with the veterans, providing support and guidance to help them identify and achieve their career goals. Fell also stressed the importance of certifications obtained while in the military. Daywalt stressed that there are more than 200 skill sets used in the military needed by civilian employers, with leadership being the main skill. VetJobs: Sponsored by the Veterans of Foreign Wars (VFW), VetJobs is a job board which allows employers to easily reach all members of the military community. VetJobs was established in 1999, and receives 20,000 visitors a day. A Sense of Entitlement Recent efforts by the National Guard have already proven effective in putting Minnesota’s military veterans in civilian jobs, as reported by Minnesota Public Radio. Acting proactively, a team of military officials accompanied government, education and business leaders to Kuwait where they spent a week on a military base and led troops through a rigorous set of exercises designed to help prepare them to job hunt. The exercises included sessions on resume writing and career planning and mock interviews. Of the more than 500 service members who returned from the Middle East without civilian jobs, guard officials said only 35 are still looking for work. Bonds of Courage: With a staff that includes veterans themselves, Bonds of Courage offers a variety of assistance to veteran job-seekers – from networking to preparation for answering difficult interview questions. Identifying and Leveraging Advantages “They should join community groups and business networks,” she said. “There are great jobs that are not advertised, and the traditional ‘say and spray’ model of shooting out resumes is not as powerful at helping recruiters find you.” last_img read more

Shaw Race Cars renews IMCA Western Region support

first_imgShaw was runner-up in the 2019 Manufacturers’ Cup Contest while winning the Western Region crown. The regional champion earns $2,500, with $1,250 for second, $625 for third, $325 for fourth and $300 for fifth. Sixth through 10th place finishers each receive $200. Drivers must display two Shaw Race Cars decals on their race car to be eligible for point fund shares. The Batesville, Ark., builder will be a regional sponsor for a ninth consecutive season and IMCA sponsor for the 13th year. The Western Region includes tracks in Arizona, California, western Colorado, Idaho, Montana, Nevada, northern New Mexico, Oregon, Utah and Wyoming. Shaw Race Cars, owned by Scott and Marlene Mosley in partnership with long-time IMCA Modified driver Jeff Taylor, provides a portion of the $6,000 point fund to be paid to top 10 drivers in 2020 point standings for the region. “We are excited to continue sponsoring IMCA’s Western Region for Modifieds,” said Marlene Mosley. “We look forward to a great 2020 racing season.”  center_img “Although we celebrated the retirement of Larry Shaw at our recent national awards banquet, the Shaw name rolls on in support of the Modified Western Region,” IMCA Marketing Director Kevin Yoder said. “Drivers will see a new design to include in wraps or on decals for their race cars in 2020 but the same commitment to the region defines the Shaw brand.” BATESVILLE, Ark. – A familiar name in the chassis building business has renewed title sponsorship of IMCA’s Western Region for Modifieds. More information about Shaw chassis and services is available by calling 870 251-2966, at the www.larryshaw.com website and on Facebook. last_img read more