sunrise from the west · most of the retirements are fossil energy fossil fuels = 92% of retired us...
TRANSCRIPT
David HochschildChair
California Energy Commission
SUNRISE FROM THE WEST:SB 100 Implementation
Nearly 30% of Americans Live in a Community that is Going to 100% Clean Energy
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World’s 5 Largest Companies Have Committed to 100% Renewable Energy
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Most of the New Generation Added to the Grid is Renewable Energy
Renewables = 65% of New US Electric Generation Capacity
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Renewables
Fossil Fuels
11,298 MW
5,974 MW
Source: FERC Energy Infrastructure Update, January-December 2015
Most of the Retirements are Fossil Energy Fossil fuels = 92% of Retired US Electric Generation Capacity in 2016*
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Fossil-7,382MW,
92%
Nuclear, Hydro-
588MW, 8%
Renewable-28MW, 0%
Source: EIA Electric Power Monthly, November 29, 2016. MW represent summer capacity.
*Data represents January 1, 2016 to
November 29, 2016
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0
5
10
15
20
25
30
35
40
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Ge
ne
rati
on
(TW
h)
Year
US Solar PV Generation
AEO 2012
Actual
Source: EIA Annual Energy Outlook 2004-2017, EIA Electric Power Monthly July 25, 2017
1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050
Federal Energy Subsidies
PRODUCTION TAX
CREDIT (PTC)
INVESTMENT TAX
CREDIT (ITC)
OIL DEPLETION
ALLOWANCE (ODA)
1926: OIL DEPLETION ALLOWANCE ENACTED
2006: INVESTMENT TAX CREDIT ENACTED
ONGOING
1992: PRODUCTION TAX CREDIT ENACTED
SET TO EXPIRE 2022
SET TO EXPIRE 2020
*PTC Expired 6 times and Extended 7 times
California Moves to 100% Clean Energy by 2045
TODAY
34%2030
60%2045
100%
Source: Graphics based on data from the American Council On Renewable Energy (ACORE)Renewable Energy in the 50 States (2013/2014 Editions)http://www.acore.org/publications/50states/ 9
(MW capacity)
California Leads the US in Renewables Installed. What lessons have been learned?
California’s GDP is growing faster than the Nation’s
10Source: U.S. Bureau of Economic Analysis, California Department of Finance, Real GDP by state (millions of chained 2009 dollars)
-5%
5%
15%
25%
35%
45%
2000 2002 2004 2006 2008 2010 2012 2014 2016
CA46% Increase
Rest of U.S.35% Increase
Perc
ent
Ch
ange
Sin
ce 2
00
0
California Unemployment Falls to 4%
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Source: “Unemployment Rate and Labor Force Data Table,” State of California Employment Development
Department, Jan 22, 2018. http://www.labormarketinfo.edd.ca.gov/data/unemployment-and-labor-force.html
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
Jan-10 Jan-11 Jan-12 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18
Un
em
plo
yme
nt
(se
aso
nal
ly a
dju
ste
d)
Date
California Advancing Energy Efficiency
Savings in Industrial Sector
Source: EIA, SEDS database (2017)
Savings in Residential Sector
Source: EIA, SEDS database (2017)
Savings in Commercial Sector
Source: EIA, SEDS database (2017)
0.00
0.25
0.50
0.75
1.00
1.25
1.50
1.75
19
60
19
65
19
70
19
75
19
80
19
85
19
90
19
95
20
00
20
05
20
10
20
15
Per
Cap
ita
Elec
tric
ity
Use
(In
dex
ed t
o 1
97
5)
Source: EIA, SEDS database (2017)
California Advancing Energy Efficiency
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The Falling Cost of Clean Energy Technologies
Source: DOE Report, Revolution Now, The Future Arrives for Five Clean Energy Technologies, 2015
0%
20%
40%
60%
80%
100%
120%
2008 2009 2010 2011 2012 2013 2014
Pe
rce
nta
ge o
f C
ost
Year
Indexed Cost Reductions Since 2008
0%
5%
10%
15%
20%
25%
30%
35%
2001 2002 2006 2008 2011 2014 2015 2016 2017 2018
SMALL HYDRO
GEOTHERMAL
BIOMASS
WIND
SOLAR
California Making Rapid Progress on Renewable Energy
15Source: California Energy Commission, Tracking Progress Report
The World’s Largest Wind Project
Alta Wind Energy Center 1550 MWKern County, CA
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Geysers Geothermal Power Plant955 MWLake County, CA
The World’s Largest Geothermal Power Plant
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The World’s Largest Thin Film Solar PV Project
Desert Sunlight Solar Project550 MWRiverside County, CA
The World’s Largest Solar Thermal Power Plant (Tower)
Ivanpah Solar Thermal Project393 MWSan Bernardino County, CA
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The World’s Largest Solar Thermal Power Plant (Trough)
Solar Energy Generating System (SEGS)354 MWSan Bernardino County, CA
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World’s Largest Solar RooftopApple HQCupertino, CA17MW
World’s 2nd Largest Lithium-Ion Battery Storage Project
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Escondido Storage Project120 MWhSan Diego, CA
California Leads the Nation in Biomass Energy Generation
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Honey Lake Biomass Plant Lassen County, CA
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Offshore Wind: CA’s New Renewable Resource?
Rhode Island’s 30MW Deepwater Wind Project is the first offshore wind project completed in the US.
Largest Manufacturing Plant in CA Produces Electric Vehicles
Tesla employs 45,000 people
Tesla FactoryFremont, CA
627,000 ELECTRIC VEHICLES
IN CALIFORNIATODAY
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More Californians Work in the Solar Industry Than for All Utilities Combined
Sources:
Solar Foundation, 2017 Solar Jobs Census
U.S. Securities and Exchange Commission, Form 10-K, 2014http://www.sec.gov/edgar/searchedgar/companysearch.html
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
Solar Jobs IOU/POU Jobs
SDG&E PG&E SCE POU
56,800
86,400
2019: CA Reaches 1 M Solar roofs2020: Solar Required for all New Homes
Zero Energy CommunityRocklin, CA
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Electrification is Rapidly Expanding
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Stanford University Converts Space and Water Heating from
Natural Gas to Electricity
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Reduces water use and GHG emissions by 2/3and annual energy bills by 1/3
Now Selling: The All-Electric Home
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CityVentures all-electric homesBellflower, CA
High Speed Rail is Coming to California and it will be 100% Powered by
Renewables…
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FOSSIL FUEL DECLINE: ONLY ONE OIL COMPANY REMAINS IN THE TOP TEN LIST COMPANIES….
Source: Forbes Fortune 500 list, top ten companies by revenue
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