Public Sector Contracts and Private Sector Innovators in Energy
- Apr 14, 2018 1:38 am GMT
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The renewable energy transformation has been a boon for more than just the private sector firms involved in everything from solar cell creation to software for integrating distributed energy resources into the grid for efficient energy management. City, state and federal governments are getting in on the action in cooperation with vendors in order to deliver real results and energy savings for their constituents. A quick search of state contracts open for bid show the immense opportunities available to vendors who can help end users reduce energy costs, lower energy consumption, make an end-user more aware of how they’re using energy, or move users away from fossil fuels to cleaner, greener renewable sources of energy. Examples of this include exciting projects put out in New York by the New York State Energy Resource and Development Authority (NYSERDA) related to more efficient and greener building standards.
Additional highlights of what energy innovators are up to can be found just by looking at the list of Bloomberg New Energy Finance’s Ten Winners of the “New Energy Pioneers” unveiled in New York City a few days ago. Winners hail from the United States, Kenya, Sweden and the United Kingdom. The range of projects are just as diverse. Sweden’s Climeon has commercialized the extraction of electricity from low-temperature heat used in the context of waste heat or geothermal power. On the software side, the UK’s LimeJump is helping to connect data capabilities and renewable energy generation the country’s national grid to optimize grid asset values and manage a distributed fleet of flexible assets. These winners, and the publicity that they’ve brought to their fledgling companies will hopefully drive more customers and potential investment to their brands. It once again validates, that it’s a good time to be in energy.