The RPS Race was launched in 2019 by the Environmental Defense Fund (EDF) and is now in its third year. It currently includes nine states: California, Colorado, Hawaii, Maine, Nevada, New Mexico, New York, Virginia, and Washington. Each state has a different target date for achieving their renewable energy goals, ranging from 2020 (in Hawaii) to 2050 (in New York).
The RPS Race is not just about meeting clean energy targets, however. It is also about fostering innovation in clean energy technologies. To achieve their goals, states must invest in a range of renewable energy sources, including wind, solar, geothermal, and biomass, as well as energy efficiency measures and grid modernization.
This means that the RPS Race is creating a market for new and emerging clean energy technologies, which in turn is driving innovation and lowering costs. For example, wind and solar power are now among the most cost-competitive sources of electricity, thanks in part to support from RPS policies.
But it’s not just large-scale renewables that are benefiting from the RPS Race. The competition is also driving innovation in distributed energy resources (DERs), such as rooftop solar, energy storage, and electric vehicles. These technologies are becoming more accessible and affordable, as states invest in policies and programs that support their deployment.
One example of this is the New York State Energy Research and Development Authority’s (NYSERDA) NY-Sun program, which provides incentives for the installation of solar panels on homes and businesses. This program has helped to create a thriving solar industry in the state, which is now one of the fastest-growing solar markets in the country.
Another example is Hawaii’s drive to become the first state to reach 100% renewable electricity by 2045. To achieve this, the state is investing in a range of innovative technologies, including energy storage and microgrids, which will enable it to integrate more renewable energy into its grid.
Overall, the RPS Race is demonstrating that ambitious renewable energy goals can be achieved with the right policies and investments. It is also driving innovation in clean energy technologies, creating new opportunities for businesses and entrepreneurs, and accelerating the transition to a sustainable, low-carbon future.
As we continue to face the challenges of climate change, it is essential that we support initiatives like the RPS Race, which are helping to build a cleaner, more resilient energy system for the future.[ad_2]