A strong theme running through the Yampa Valley Electric Association annual meeting on Tuesday was how the member-owned nonprofit electric cooperative is responding to customer-member requests for a future of stable, predictable electricity prices. “We’ve.
AES boosts Holy Cross’s 100% renewable energy goal with two solar projects April 23, 2021, 9:18 am
Holy Cross Energy, the local electric co-op, released the following press release on its partnership with AES Corporation to increase its solar production and storage capacity with projects in Silt and Parachute:
GLENWOOD SPRINGS, COLO., April 19, 2021 The AES Corporation (NYSE: AES) today announced it signed agreements with Holy Cross Energy (HCE) to help meet Holy Cross Energy’s 100 percent renewable energy goal by 2030 outlined in its 100X30 plan. Through the agreements, AES will develop two projects that will collectively add 20 megawatts (MW) of renewable energy capacity and 40 megawatt-hours (MWh) of battery storage in the Towns of Parachute and Silt, Colorado, located west of AES’ office in Louisville, Colorado.
Share to Facebook Post to Twitter Email Holy Cross Energy avoided around $11 million in inflated costs in the month of February thanks to power purchasing flexibility. Other local utilities were not as fortunate. Photo by Raleigh Burleigh.
In February, a once-a-decade weather event occurred in Texas, bringing unusually cold temperatures and snowfall.
During this storm, demand for natural gas skyrocketed for both heat and electricity, at the same time as availability plummeted due to frozen gas supply lines and reduced pumping capacity from blackouts. This mismatch in supply and demand in Texas increased natural gas prices around the country.
According to a presentation made by Holy Cross Energy’s Vice President of Power Supply and Programs, Steve Beuning, “I believe the dollar amount that Xcel Energy spent on natural gas during those four days was somewhere in the range of $300 million, or approximately four months worth o
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Holy Cross Energy’s renewable energy efforts are moving faster than even utility officials had planned. That means it’s time for a more ambitious goal.
Holy Cross in 2018 announced the “Seventy70Thirty” plan. The plan’s intent was to source at least 70% of its power supply from clean and renewable sources by 2030, and reduce greenhouse gas emissions by at least 70% from 2014. That goal was to be met with no increases in power supply costs.
In a Monday virtual announcement, Holy Cross CEO Bryan Hannegan said the utility was on schedule to exceed those goals.
That progress led to Monday’s announcement of Holy Cross’s new “100X30” project, a new goal for the utility to receive 100% of its power from clean and renewable resources by 2030.