Green Building Community
California's Excellent Problem - Excess Solar Energy!
Posted by: JackSawyer // Student
This spring California has seen a low demand for power during the day while solar energy continues to be churned out by panels that are able to supply power for 3 million homes - there is excess energy, and this creates an interesting problem - what can you do with excess energy? Companies are trying to find creative and profitable solutions to deal with that excess unused energy.
Currently the excess energy is being sent across to Arizona, excess solar energy is cheap in comparison to energy from power plants and so utility companies are jumping on the opportunity to buy up cheap solar. This is good for California and the country as a whole because solar will only continue to grow in CA and across the country. Subsequently, the excess will only grow and with that prices could potentially plummet. The idea of excess energy opens up a plethora of new business models and opportunities.
If the excess become so great, companies could adopt a model like that of streaming services for example, if there is excess they could do monthly subscriptions for energy. Or a company could specialize in creating the infrastructure to get the excess energy to distant states. There is potentially a lot of opportunity here and I'm sure, with capitalism the way it is, someone will come in and create a business around the extra energy. What do you think about this situation?
For additional information:
Stone, Will. "Getting Paid To Soak Up California Solar." Inside Energy. Corporation of Public Broadcasting, 26 May 2016. Web. 05 June 2016. http://insideenergy.org/2016/05/26/getting-paid-to-soak-up-california-solar/>.
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