37 states have already passed RPS laws with seven of them setting explicit zero carbon emissions goals for power generation, bringing immediacy to the demand for carbon reduction. Achieving these goals will require a combination of renewables for power generation, capacity firming through grid-scale battery storage, and initiatives around energy efficiency, demand response, and electrification.
Our strategic investments break out into three target sectors: Renewable Power Generation, Energy Technology & Services, and Transitional Energy Infrastructure.
Creating and distributing electricity from renewable sources starts with foundational solar and wind infrastructure. During our decade working with independent renewable energy developer First Wind, we built 17 operating facilities and developed another 18 that attracted the power purchase agreements (PPAs) needed to allow their construction. This first-hand experience positions EPTP to capitalize on the following renewable investment opportunities in this sector:
Integrating renewable energy’s variable, intermittent power output will require substantial investments in supporting sectors.
High-quality natural gas-related infrastructure provides critical firming electricity to the grid. Repurposing that to more sustainable applications through repowering, renewable integration, or hybridization with batteries can provide practical, effective bridging between current and future technology.
We developed this approach through our work with U.S. Powergen, Calpine, and NextDecade. Our priorities here include:
