Racing to Net-Zero
ScottMadden has helped a number of utilities through their clean energy transition. Contact us to learn how we can help support your renewable projects.
At a Glance
Technology Framework
Facilitated workshops to focus on frameworks around preferred technologies within the short, intermediate, and long-term plan segments
Resource Plan
Created a long-term resource plan to achieve aggressive decarbonization goals while maintaining reliability
Financial Impact
Prepared the leadership team to approach their board and regulators with the financial impact of the plan under varying costs of carbon to help inform decision-making
Challenge
Our client, a mid-sized vertically integrated electric utility, announced one of the most aggressive net-zero carbon emissions goals in the United States. The company embarked on a long-term resource planning effort to meet this goal while maintaining reliability and affordability. The client faced several common challenges in this effort, including the consideration of a multitude of options, technology readiness, context and suitability for their territory, and the absence of a regulatory mandate that would require them to pursue low-carbon options. ScottMadden was engaged to facilitate a long-term resource strategy that could meet ambitious decarbonization goals while maintaining (or improving upon) today’s levels of reliability.
Process
- Developed a framework for evaluating technologies which included: technology maturity, scale of potential carbon abatement, overnight and operating costs, capacity factors, risk and dispatchability
- Facilitated workshops to focus on the preferred technologies within the short, intermediate, and long-term plan segments
- Engaged with client’s resource planning team using their IRP model to interactively solve for the desired emission levels and understand financial and operational impacts
Result
- Created a long-term resource plan to achieve aggressive decarbonization goals while maintaining reliability
- Provided a plan that incorporated and identified enablers (e.g., regulatory policy, pilot projects, grid capabilities, etc.) necessary to support the resource plan
- Prepared the leadership team to approach their board and regulators with the financial impact of the plan under varying costs of carbon to help inform decision making
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Case Study
A large northeastern U.S. electric utility engaged ScottMadden to identify and pursue opportunities to improve the electric vehicle charger interconnection process to capitalize on the opportunity for…
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