One Energy, an industrial power company and North American on-site wind energy installer, released a report titled “Wind for Industry” on the potential for on-site wind energy at large U.S. commercial and industrial (C&I) facilities. The analysis reveals that approximately 20% of these facilities would financially and operationally benefit from on-site, behind-the-meter wind energy projects.
“Many C&I entities are under tremendous pressure to reduce GHG emissions, increase production and cut costs,” said Jereme Kent, CEO of One Energy. “Our analysis shows that for many manufacturing facilities across the country, particularly in the Midwest, on-site wind makes tremendous sense — lower GHG emissions, reduced energy costs and increased control.”
The report highlights that on-site wind is technically viable and financially attractive for 20% of all large C&I facilities in the continental United States, which translates to an estimated $66 billion in deployable capital (35,825 MW) based on a 0% investment tax credit (ITC). This will expand to $95 billion as economies of scale and known technology improvements become fully effective. The serviceable market nearly doubles to $120 billion in deployable capital (65,345 MW) with a 30% ITC.
“One Energy believes that the only way distributed generation is going to grow fast enough to make up for the failings of existing utilities is if we, as an industry, start having a culture of sharing and communicating,” Kent said. “Reports like this are valuable to us, but they are even more valuable to investors, entrepreneurs and the public.”
One Energy’s report consists of four component sections: the total addressable market (TAM), the serviceable market (SM), serviceable market growth and the company’s “Wind for Industry” expansion strategy.
“We believe that C&I companies have awoken to the fact that utilities’ interests do not align with their own. Companies believe their ‘load’ is theirs and that utilities are no longer entitled to it,” Kent said. “Companies are seeking ways to take back control and are looking for high-quality, trusted partners to help them through on-site generation, better monitoring of utilities, better rate predictability, better service, better quality, better market options and other means that better serve long-term needs.”
News item from One Energy
Filed Under: News
