Delivering 100% RE: Will Storage or Financial Derivatives be the Ultimate Solution
Friday, October 9, 2020
3:40 PM – 3:50 PM EDT
Increasingly, corporate offtakers want to procure renewable energy matching their exact load profile and are no longer satisfied by simply meeting their total demand. As an industry, we must deliver what our most important customers want. The amount of storage to be added to a wind or solar or solar+wind facility to match load profile is expensive. There is an opportunity to meet exact load profile at a fraction of the price by closing the gap using financial derivatives from NERC traceable renewable power. The presentation will present: 1) the evolution of the product requested by corporate offtakers, 2) the mechanics behind financial derivatives for matching the load profile at a fraction of the price of storage alone 3) the marketing that will enable corporate offtakers, and their shareholders, to understand what they are receiving and have confidence that it is incremental build and traceable renewable energy.