Summary of The Growing Role of Renewable Energy in the U.S. Energy Mix

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00:00:00 - 01:00:00

The video discusses the growing role of renewable energy in the United States energy mix, focusing on the decreasing cost of renewable energy and the benefits of storage. It also mentions the importance of reliability and resilience in an increasingly renewable energy landscape.

00:00:00 Today's presentation focuses on the growing role of renewable energy in the U.S. energy mix, and how it can help reduce carbon emissions. The presentation will be followed by a question and answer session.
00:05:00 The speaker discusses the growth of renewable energy in the United States, noting that it has been impressive despite being a small percentage of overall energy production. He also discusses renewable energy's growing global presence, with over 98% of global emissions coming from countries with renewable energy targets.
00:10:00 The growth of renewable energy in the U.S. energy mix is being driven by decreasing costs, state renewable energy goals, and large corporate renewable energy goals. These trends are expected to continue into the future, making renewable energy increasingly competitive with fossil fuels.
00:15:00 The Growing Role of Renewable Energy in the U.S. Energy Mix was discussed where it was noted that the success of renewable energy has come about largely due to the federal success in passing legislation in 2015, with the wind production tax credit (PTC) and solar investment tax credit (ITC) both phasing down and eventually ending. It was also noted that there is a change in law this year that the PTC will be phased down and out. It was also noted that the level of cost reduction and investment has come back right as the stimulus did what it was supposed to do for these technologies. Finally, it was mentioned that we have momentum from the years of smart policy, but that we need to continue implementing these policies in order to continue moving forward.
00:20:00 Geothermal energy is a renewable energy source that emits very low greenhouse gases, and is currently growing in popularity due to the energy transition and climate change. Industries that use geothermal energy have a smaller footprint than those that use other renewable energy sources, and it is always available. In 2030, three things are certain to happen in society: decarbonization will increase the penetration of renewable power in the electricity markets, electric vehicles will become more popular, and climate change will become a scientific fact. This will drive public opinion and accelerate decarbonization. Electricity demands will increase, and peak loads will occur.
00:25:00 The video discusses the growing role of renewable energy in the US energy mix, pointing out that renewable power can provide a number of benefits, including reducing greenhouse gas emissions and providing clean, renewable energy that is always on. Geothermal energy is particularly promising, as it has the potential to provide electricity, heat, and ancillary services, all of which can be valuable in a future with increasing reliance on renewable energy.
00:30:00 This video discusses the growing role of renewable energy in the U.S. energy mix, including residential and commercial buildings, heat pumps, district heating systems, and lithium geothermal development. The potential for geothermal energy is highlighted, with mentions of the Imperial Valley in Southern California and Boise, Idaho, as examples of districts that use geothermal water to heat their downtown areas. The potential for expanding local economies and employment is also mentioned.
00:35:00 Peter Thompson from the biomass thermal energy council discusses the role of renewable energy in the United States energy mix, focusing on biomass's role in residential, commercial, institutional, and industrial sectors. Thompson argues that forests need markets to remain healthy and that climate change exacerbates many forest management issues. He also mentions the 2018 California wildfire as an example of the stakes involved.
00:40:00 Renewable energy is playing a growing role in the U.S. energy mix, with biomass heating systems playing a particularly important role. HR 1479, known as the Biomass Thermal Utilization Act, provides incentives for biomass heating systems to be installed in order to reduce greenhouse gas emissions. The Renewable Fuel Standard (RFS) is another program that encourages the use of renewable fuels, with biomass power associations and the American Biogas Council pushing for biomass to be included in the standard. Finally, thermal applications should also be eligible for the EPA's RFS, as biomass makes up a significant portion of the nation's energy demand.
00:45:00 The video discusses the growing role of renewable energy in the United States energy mix, highlighting positive impacts such as job creation and waste management. It also mentions the need for appropriating the farm bill's helpful programs, and for the Trump administration to end the abuse of waiver and small refinery exemptions.
00:50:00 The Vice President of Policy for the US Energy Storage Association discusses the many benefits of energy storage technologies, including flexibility and reliability. He notes that energy storage is becoming increasingly important as renewable energy grows in popularity.
00:55:00 The video discusses the role of renewable energy in the United States energy mix, highlighting the decreasing cost of lithium-ion batteries and the benefits of storage. It also mentions the importance of reliability and resilience in an increasingly renewable energy landscape.

01:00:00 - 01:25:00

The video discusses the growing role of renewable energy in the U.S. energy mix, and highlights the importance of storage technologies in this mix. The video provides examples of storage technologies, including batteries and pumped hydro storage, and discusses the importance of the investment tax credit for storage.

01:00:00 This video discusses the growing role of renewable energy in the U.S. energy mix, and highlights the importance of storage technologies in this mix. The video provides examples of storage technologies, including batteries and pumped hydro storage, and discusses the importance of the investment tax credit for storage.
01:05:00 The video discusses the growing role of renewable energy in the United States energy mix, and provides a list of possible legislative actions that could be taken before the end of the year to support the renewable energy industry.
01:10:00 Renewable energy is rapidly growing in importance in the United States, and solar, wind, and storage are all important pieces of the puzzle. A national renewable energy policy, including a renewable energy standard (RPS), is a low probability event but is important nonetheless.
01:15:00 The speaker discusses a variety of ways renewable energy can help reduce greenhouse gas emissions, and how energy storage can be a key component in achieving this goal. He urges Congress to consider specific carbon pricing policies that are tailored to their specific goals, and to allow market forces to play a larger role in reducing emissions.
01:20:00 In this video, renewable energy advocate Tim Parsons discusses the growth of renewable energy in the United States and how that growth is likely related to recent tax breaks and government investments. Parsons also discusses the importance of all-of-the-above energy strategies in order to achieve carbon neutrality.
01:25:00 The video discusses the growing role of renewable energy in the U.S. energy mix, including the growth in solar energy. It mentions that renewable gas could be a way to decarbonize the energy sector, and mentions that the most important place to have this conversation is with the industrial sector. Finally, the presenter reminds attendees that if they haven't already, they should visit ESI's website and sign up for its newsletter, which comes out every other Tuesday and covers climate change solutions.