Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY TECH
Building a market for renewable thermal technologies
by Staff Writers
New Haven CT (SPX) Mar 27, 2017


File image.

Though a mature technology, renewable thermals occupy a small niche in Connecticut - and in the U.S. at large. A new Yale-led study analyzes the market potential of this technology across the state and provides key insights into spurring consumer demand.

According to the analysis, led by the Yale Center for Business and the Environment (CBEY), renewable thermals have significant market potential in the state if supported by appropriate public policy and financing tools. Renewable thermal technologies comprise a range of products - from solar water heaters to district energy systems - all designed to use renewable energy in the cooling of space and the heating of both space and water.

Collectively, the use of energy for thermal purposes accounts for roughly one-third of all U.S. energy consumption. In Connecticut, over 60 percent of the energy used in residential and commercial buildings is for space heating and cooling; this demand, combined with the energy used to heat water, account for 30 percent of the state's greenhouse gas emissions. Switching from conventional fossil fuel providers of thermal energy to RTTs could offer significant cuts in greenhouse gas emissions - of particular relevance as Connecticut aims to reduce emissions to 80 percent below 2001 levels by 2050.

"Renewable heating and cooling are not as visible or high profile as renewable electricity, but holds an enormous reservoir of possibility for utilizing local resources to off-set fossil fuels. Like renewable electricity, renewable heating and cooling need supportive policies and financing products to kick start a viable market," says Helle Gronli, associate research scientist at the Yale School of Forestry and Environmental Studies (F and ES) and director of the Feasibility of Renewable Thermal Technologies in Connecticut project (FORTT).

The FORTT team is based at the Yale Center for Business and the Environment (CBEY) and is part of a larger coalition that includes the Connecticut Department of Energy and Environmental Protection, Eversource Energy, the United Illuminating Company, and the Connecticut Green Bank. CBEY is based at the Yale School of Forestry and Environmental Studies and the Yale School of Management.

The first part of the study analyzed the market potential of RTTs in Connecticut through 2050. The findings suggest that RTTs could competitively serve 19 percent of thermal demand in buildings across the state. Annually, this represents the curtailment of 1.4 million tons of CO2e emissions. However, realizing Connecticut's overall goal requires a considerably higher rate of RTT deployment than what currently is found competitive.

The second part of the study, more behavioral in nature, revealed existing barriers and drivers that influence whether or not consumers choose to adopt renewable thermal technologies. Through a series of in-depth interviews across the range of RTT stakeholders, the findings revealed interventions needed to establish a marketplace in which RTTs are both viable and trusted alternatives to non-renewable technologies.

The results can be distilled into four core insights:

1. Public institutions, which tend to be both large property owners and heavy energy users, should show direction by adopting RTTs internally and establishing external regulation (e.g. building codes) to encourage the development of the nascent market and increase customer awareness.

2. Innovative financial products and strategies to improve the value proposition of RTT investments are needed to help the financing of RTTs achieve scale; this, in turn, will reduce upfront costs.

3. Resources must be deployed to develop a competent and competitive regional industry. A well-supported and trustworthy base of installers and experts focused on the RTT industry directly supports consumer trust in this new market.

4. New policies should be considered to create value streams attached to RTTs. Thermal renewable energy credits, carbon pricing and voluntary markets for clean energy are clear examples, as are building certification schemes through which property value and market rents reflect efficient thermal technologies.

"In order for us to achieve our long-term climate change strategies in Connecticut, we are going to need to scale-up the deployment of renewable thermal technologies in households and businesses throughout the state," states Bryan Garcia, President and CEO of the Connecticut Green Bank. "By working together with Avangrid, Eversource, and Yale we can attract private investment to scale up the deployment of renewable thermal technology while creating jobs and helping consumers."

On the supply side, the study shows that clear policy guidelines and standardized regulatory processes are needed to build a fluid and efficient RTT market.

Among consumers, RTTs tend to suffer from a deficit of awareness. Marketing campaigns to raise their profile, similar to Connecticut's recent "Solarize" campaign, could go a long way to increasing demand and lowering soft costs. These efforts could be paired with financial tools, whether block grants or leasing agreements, to help defray upfront installation costs - one of the central barriers to adoption.

"This report builds our understanding of the work that's needed to support the deployment of renewable thermal technologies in Connecticut," said Rob Klee, Commissioner of Connecticut's Department of Energy and Environmental Protection (DEEP). "Developing a sustainable market for renewable thermal technologies will help us reach Connecticut's climate change goals as part of the work of the Governor's Council on Climate Change, while at the same time advancing implementation of our Comprehensive Energy Strategy."

Download full copies of the reports here

ENERGY TECH
Non-toxic material that generates electricity through hot and cold
Salt Lake City UT (SPX) Mar 21, 2017
Thanks to the discovery of a new material by University of Utah engineers, jewelry such as a ring and your body heat could generate enough electricity to power a body sensor, or a cooking pan could charge a cellphone in just a few hours. The team, led by University of Utah materials science and engineering professor Ashutosh Tiwari, has found that a combination of the chemical elements cal ... read more

Related Links
Yale School of Forestry and Environmental Studies
Powering The World in the 21st Century at Energy-Daily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ENERGY TECH
Program to be axed saves energy in LA buildings

Energy demand metrics indicate strong U.S. economy

New York skyscrapers adapt to climate change

Emissions flat for three years in a row, IEA says

ENERGY TECH
Clarifying how lithium ions ferry around in rechargeable batteries

Building a market for renewable thermal technologies

New gel-like coating beefs up the performance of lithium-sulfur batteries

Non-toxic material that generates electricity through hot and cold

ENERGY TECH
Mega-wind farm offshore Denmark clears hurdle

Japan scientist eyes energy burst from 'typhoon turbine'

North Carolina offshore wind hailed as job creator

North Carolina ready for offshore wind energy auction

ENERGY TECH
Artificial photosynthesis steps into the light

Nanomaterials that makes harvesting sunlight easier

New Stanford study calls for US solar policy reform

First Solar to deliver 48Mw Manildra solar farm

ENERGY TECH
Toshiba's US nuclear unit files for bankruptcy protection

Japan high court rules nuclear reactors can restart

Loss-hit Toshiba nosedives on fears about future

The EIC and Nuclear AMRC sign MoU

ENERGY TECH
Hydrogen production: This is how green algae assemble their enzymes

Chemists ID catalytic 'key' for converting CO2 to methanol

Community in chaotic Jakarta goes green to fight eviction

Study IDs link between sugar signaling and regulation of oil production in plants

ENERGY TECH
Chevron makes LNG headway

Moscow sees Arctic oil as an option

Novel oil spill cleanup technology tested

West Africa oil potential growing

ENERGY TECH
Tillerson alias emails from his ExxonMobil era prove elusive

Cloaked in rags and dust, Somalis flee looming famine

Under the dead sea, warnings of dire drought

2017 already marked by climate extremes: UN




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement