Futuron LLC

How is your company involved in the solar and battery revolution in the US electric generation market? The US continues to experience a surge in large-scale battery storage development, with 18.7 GW of new capacity currently under construction. This growth reflects the accelerated pace of 4.5 GW since late November 2024, as developers continue to accelerate construction, while safe harboring to capitalize on existing federal tax incentives in the midst of the never ending tax policy discourse in DC. In spite of this policy uncertainty, battery storage installations are on track to surpass last year's record of 11 GW of battery storage capacity with USEIA expecting 18.2 GW of utility-scale battery storage to achieve COD in 2025, making it the second-largest generation resource added to the grid after a monumental 32.5 GW of solar. Lithium ion battery technology with a 4-hour duration continues to be the most prominent, while other long duration energy storage technologies are piloted and scaled. Longer energy storage duration will be critical in the long-term as manufacturing continues to onshore and data center development proliferates. As the S&P Global Market Intelligence graph below illustrates, California leads the US with over 12 GW of operational capacity, followed by Texas with nearly 8.8 GW. However, developers in Texas are spurring a planned capacity of 64.3 GW of new storage additions, almost twice California's planned of 33 GW with other states like Nevada, Arizona, Oregon, New York, and Indiana on the rise in this market. This rapid expansion underscores the increasing importance of battery technology in the U.S. energy landscape in smoothing out intermittency and enhancing grid reliability. Does your company need development support in the midst of these expedited timelines? We are here to help with decades of energy development experience across the US. #BatteryStorage #RenewableEnergy #Sustainability #solar

How is your company involved in the solar and battery revolution in the US electric generation market? The US continues to experience a surge in large-scale battery storage development, with 18.7 GW of new capacity currently under construction. This growth reflects the accelerated pace of 4.5 GW since late November 2024, as developers continue to accelerate construction, while safe harboring to capitalize on existing federal tax incentives in the midst of the never ending tax policy discourse in DC. In spite of this policy uncertainty, battery storage installations are on track to surpass last year's record of 11 GW of battery storage capacity with USEIA expecting 18.2 GW of utility-scale battery storage to achieve COD in 2025, making it the second-largest generation resource added to the grid after a monumental 32.5 GW of solar. Lithium ion battery technology with a 4-hour duration continues to be the most prominent, while other long duration energy storage technologies are piloted and scaled. Longer energy storage duration will be critical in the long-term as manufacturing continues to onshore and data center development proliferates. As the S&P Global Market Intelligence graph below illustrates, California leads the US with over 12 GW of operational capacity, followed by Texas with nearly 8.8 GW. However, developers in Texas are spurring a planned capacity of 64.3 GW of new storage additions, almost twice California's planned of 33 GW with other states like Nevada, Arizona, Oregon, New York, and Indiana on the rise in this market. This rapid expansion underscores the increasing importance of battery technology in the U.S. energy landscape in smoothing out intermittency and enhancing grid reliability. Does your company need development support in the midst of these expedited timelines? We are here to help with decades of energy development experience across the US. #BatteryStorage #RenewableEnergy #Sustainability #solar

Does eliminating incentives to connect to the Massachusetts natural gas distribution network make sense? Massachusetts regulators are moving closer to ending a long-standing policy that incentivizes connections to the state's natural gas distribution networks. The Massachusetts Department of Public Utilities (DPU) proposed ending most gas line extension allowances, which means that prospective customers would have to bear the full cost of extending pipeline infrastructure to their properties much like new electric service currently requires. This proposal is detailed in a February 5th memorandum as part of the DPU's "future of gas" proceeding (docket 20-80). Proponents of this measure argue that expanding the gas system conflicts with state goals to reduce greenhouse gas emissions (SNP Global graph based on Massachusetts EEA data). The Massachusetts Department of Energy Resources (DOER), the state's attorney general, and climate groups contend the allowances counteract policies aimed at reducing gas use and promoting building electrification. Ending the policy would avoid investing in infrastructure that may become obsolete before the end of its useful life. However, natural gas is far from being obsolete and electrification of buildings is technically challenging and expensive. Increasing electric load in a region where there are continued questions about resource adequacy and demand response present challenges as well. In December 2023, the DPU introduced the concept of this policy change. By June 2024, gas utilities submitted data on their line extension policies. The department also engaged companies and stakeholders in discussions about whether their policies align with state climate strategies. Opponents argue that their policies encourage the adoption of natural gas over more carbon-intensive fuel oil, which remains common in New England. #advancedenergy #renewableenergy #energystorage #power #utilities #naturalgas #Massachusetts #NewEngland

Does your client or local government entity need assistance with an upcoming renewable energy project? Our KW Government Services Renewable Energy and Infrastructure Director Robert Jackson is here to assist with you and your clients needs. #renewableenergy #commercialrealestate #kwgovernmentservices www.kwgovernment.com

Are you a project sponsor and have an interest in the potential changes to tax credit transferability for advanced energy in 2025? The incoming administration’s stance on taxes and finance will play a critical role in shaping the financing environment for advanced energy projects. While the Inflation Reduction Act (IRA) boosted advanced energy incentives, including provisions for tax credit transferability, it remains to be seen how much the incoming administration will alter or preserve these mechanisms. Here are a few items to consider: Tax Credit Transferability: The IRA’s tax credit transferability provision allows sponsors to sell their tax credits to other parties, enhancing liquidity and providing a broader range of financing options. It is expected the incoming administration will reduce corporate tax rates and therefore the demand of such transfers has potential to decline. The transferability provision is valuable for sponsors who lack sufficient tax liability to utilize the credits directly, enabling access to additional capital. Changes in Tax Policy: Again, the incoming administration is expected to lower corporate tax rates further, which could make these tax credits less valuable to corporations. A decrease in the value of tax credits could result in an even more selective pool of tax equity investors, making it more difficult for sponsors to secure financing for large-scale advanced projects. Private Financing and Investment: With the federal government potentially scaling back its support for advanced energy, sponsors may increasingly turn to private financing sources such as green bonds, private credit and corporate partnerships. Corporate demand for advanced energy and sustainability initiatives is expected to continue to spur investments in advanced projects, even if there are changes to the IRA. Still, sponsors will need to adjust to a potentially more challenging financing environment, especially if tax equity financing becomes more limited and tax credit demand declines. Futuron LLC advises sponsors on the advanced energy projects and supports deal origination and development. We look forward to discussing your needs. #advancedenergy #renewableenergy #innovation #datacenters #ai #financing #commercialrealestate

Despite the ever changing political climate, we continue to be bullish on the advanced energy economy for many reasons, although this S&P Global graphic provides one of the most compelling. This bullish view is also supported by expert discussions and market information reviewed by Futuron LLC relating to the IRA spurred legacy manufacturing investments within US states which voted Republican this election cycle. The incoming administration's focus on US industry and manufacturing also aligns well with many of the IRA's domestically related provisions. With deregulation at the federal level likely, we do also expect a reversion of advanced energy policy innovation back to the US states. #CleanEnergy #EnergyFuture #ClimatePolicy #innovation #advancedenergy #renewableenergy

Where is an area of massive potential career growth in advanced energy? According to a recent Deloitte report, mining and mineral extraction is an attractive avenue. Meeting net-zero targets are anticipated to necessitate $850 billion in US investment and approximately 700,000 new workers in the critical minerals extraction sector by 2030, representing an 88% increase from 2022 levels. Additionally, around 3.5 million job openings are expected in the metals and machinery industry within the European Union between 2022 and 2035. https://lnkd.in/gn9qB7s6 #advancedenergy #renewablenergy #tradepolicy #tariffs #energyinnovation #economicimpact #energyeconomics

A recent September 2024 BloombergNEF report in collaboration with the International Energy Agency (IEA) indicates total investment in the energy transition, including electrified transport, continues to surpass conventional fuel investments. The total investment in the advanced energy transition stands at $1,603 billion, which exceeds the estimated $1,098 billion for convention fuel investments. The graphic below also indicates an increasing need for investment in grid enhancing infrastructure to accommodate the advanced energy transition. Futuron LLC stands ready to support the advanced energy transition. #EnergyTransition #RenewableEnergy #Investment #IEA #innovation

As of 2024, several electricity asset revenue generation models maintain prominence within the U.S. energy market. The preferred model often depends on factors like regional market dynamics, regulatory frameworks and technological advancements. #energy #advancedenergy #power #renewableenergy #innovation #technology #batterystorage #energystorage #renewables

Is this the future of AI? #innovation #technology #business #tech #artificialintelligence #ai #machinelearning #engineering #whitecollar #bluecollar https://lnkd.in/em9m2BUw