Renewable Generation & Decarbonized Infrastructure
To meet Federal, State and private Environmental Sustainability Governance goals, renewable energy and renewable onsite generation will be critical pieces of any energy procurement and usage strategy.
U.S. firms will be best positioned to thrive if they integrate emission reduction targets aligned with limiting global warming into their strategies now. This gives businesses clarity on where and how to implement net-zero solutions across entire value chains – Harvard Business Review
The most obvious forcing function towards renewable energy is of course Federal and State regulatory policy – but as important if not more so are stakeholders who value sustainability. Financing entities are increasingly valuing and demanding that their investments consider the impact on the environment and Climate Change. Concord brings a deep bench of experience and insight across:
Risk Mitigation:
Market trends clearly indicate that the impact of carbon will increasingly be priced into decision making by the investing and governance community. Market incentive structures or penalties will also consider carbon pricing with the pricing vector heading up.
Future and current onsite energy systems must be designed for flexibility to mitigate the possibility of having a stranded asset if and when carbon is priced into the market.
Renewable Natural Gas and Hydrogen Fuels:
PV solar and wind are at the top of the list for renewable energy sources. But have limited viability for thermal energy systems that make steam or hot water. Renewable fuel sources such as RNG and hydrogen fuels will be central to decarbonizing thermal energy systems such as boiler plants and combined heat and power.
Concord has extensive experience in engineering systems for fuel flexibility. Renewable energy procurement and hedging strategies is a core offering of Concord. Combining the two, Concord can provide our clients with the information that they need to make informed decisions.
Electrification of Vehicles:
Combining a renewable energy microgrid or decarbonized onsite generation with energy storage and vehicle charging, Concord can deliver a comprehensive energy infrastructure to support electrification of a client’s vehicle fleet or campus.