1 • Subtitle
New SV Clean Energy
PowerPoint Template
Expanded Education
Fund
Juliette Pascual
October 9, 2024
Item 3
PRESENTATION
2 BOD Request
1. Approve the allocation of $100,000 from the operating budget for the proposed 2024-2025 Expanded Education Fund
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PRESENTATION
3 Objectives
• Background on existing education initiatives
• Approval of enhancement of education non-profits – Expanded Education Fund
• Introduction of engagement with local community colleges – Community College Partnership pilot
• Questions and Discussion
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PRESENTATION
4 Engaging with Students & Schools
Investing in student education helps us engage our community and deliver on our mission.
2019
The Education Fund
launches to offer
climate engagement
opportunities for
students
2023 2024
Education
Landscape Analysis
helps identify a role
for SVCE among a
growing number of
players.
Increasing number of
requests for support
from educators and
non-profits to expand
programming.
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PRESENTATION
5 Success Snapshot – Education Fund
38 teams funded
9 different cities
$300,000+ in grants
5 organizations launched
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PRESENTATION
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6 Education Landscape Analysis explored
existing Santa Clara County programs
Students Organizations &
Educators
Existing
Education Fund
EmPowerSV
scholarship
competition
SCC Youth
Climate
Initiative
Santa Clara
County Office of
Education
Summit
Various non-profit
programs
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PRESENTATION
7 Proposed Educational Opportunities
Students Organizations &
Educators
Existing
Education Fund
EmPowerSV
scholarship
competition
SCC Youth
Climate
Initiative
Engagement
of community
colleges
Enhancement of
education non-profits
Gaps
Santa Clara
County Office of
Education
Summit
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PRESENTATION
8 Expanded Education Fund
Offer competitive grants to non-profits
working with schools to expand reach in SVCE
service area schools, and enhance
climate/clean energy curriculum.
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PRESENTATION
9 Expanded Education Fund
Engage existing non-profits with programs that enhance early workforce development and expand access to curriculum and field trips.
Program Funded Groups What Target Audience
Education Fund Student groups +
faculty advisor Student-led projects
K – college
prioritizing
underrepresented
communities and Title
1 schools Expanded
Education Fund
Environmental
education non-profits
Energy
education & early
workforce
development
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PRESENTATION
10 Potential Impact Areas & Budget
Expected budget of $100K, allocate $20K per non-profit
Energy research
speaker series for high
schoolers
Local workshops and
summer camps to
learn energy concepts
Middle school science
curriculum on the
foundations of energy
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PRESENTATION
Early Workforce
Development
Community
Workshops
Curriculum &
Educator Training
11 Next Steps for Expanded Education Fund
Program timelines will vary depending on the type of engagement, and may last through the following school year.
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PRESENTATION
00®
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| Executive |
Committee
I Approval I
Board of
Directors
Approval
INovemberI
B Finalize ®
development
Fall 2024
Program
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2025 J
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initiatives
12 Community College Partnership
SVCE staff to serve as mentors and speakers
with local community colleges and inspire
future clean energy careers.
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PRESENTATION
13 Workforce development opportunity with local
colleges
Engage college students to explore clean energy careers Colleges
Colleges
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PRESENTATION
Middle High College Graduates
Education Fund
Nonprofit Groups
Fellows
Externs
w
Gavilan
College
WestValley
College
D DeAnza
College
MISSION
COLLEGE
14 Community College Partnerships
SVCE Involvement
• Community college staff have reached out to SVCE about working together to introduce students to clean energy careers and SVCE programs
• CC & SVCE staff have had conversations about creating mentorships, speaker series, and ambassador opportunities
• Interested SVCE staff identified—there would be minimal staff time committed to a pilot partnership
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PRESENTATION
15 BOD Request
1. Approve the allocation of $100,000 from the operating budget for the proposed 2024-2025 Expanded Education Fund
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PRESENTATION
16 Questions
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PRESENTATION
1 Item 4: Authorize the Chief Executive Officer to Execute a 10- Year Power Purchase Agreement with VCI Energy, Inc. for Glossy Garlic Renewable Solar and Storage
SVCE Board Meeting
October 9, 2024
Item 4
PRESENTATION
2 Request
Authorize the Chief Executive Officer to execute Glossy Garlic agreement for the procurement of renewable solar energy and energy storage as follows:
1. VCI Energy Glossy Garlic (PPA) (“Glossy Garlic”)
a. 50 MW or approximately 192,000 MWh per year of Renewable Portfolio Standard (RPS) Portfolio Category Content One (“PCC1”) eligible resources from solar PV; b. 50 MW, 4-hour or 200 MWh lithium-ion battery energy storage system which is capable of charging from the CAISO grid;
c. 10-Year term PPA with expected commercial operation date (COD) and term from February 28, 2029, through February 27, 2039; and.
d. Total amount not-to-exceed $138,000,000.
Item 4
PRESENTATION
3 Executed Long-Term Power Purchase
Agreements (PPAs)
• $3.7 Billion in executed
PPAs
• 21 PPAs
• 1,528 MW of
nameplate capacity
• 71% RPS in 2030
• 9 projects online and
operating ~39% RPS in
2024
Significant progress made towards meeting long-term clean energy goals Item 4
PRESENTATION
Seller Project Name Technology
Generation
MW
Storage
MW
Storage
MWh
Approximate % of
Annual load in 2030
Term
(years)
Lifetime Not to
Exceed
Authority
(MM$)
SVCE Board
Approval Status
1 MN8 Slate
Solar +
Storage 93 46.5 186 6.2% 17 $198 Oct-18 Online
2 Ormat Casa Diablo Geothermal 7 1.4% 10 $43 Feb-20 Online 3 Atlantica Coso Geothermal 43.8 6.1% 15 $331 Mar-20 Online 4 Leeward Rabbitbrush
Solar +
Storage 40 8 20 2.9% 15 $64 Apr-20 Online
5 NextEra Yellow Pine
Solar +
Storage 50 26 104 3.8% 20 $128 May-20 Online
6 Avantus Aratina
Solar +
Storage 80 50 200 6.3% 20 $368 Jun-20 Pre-construction
7 174 Power
Global Atlas Solar 50 3.6% 10 $32 Jan-21 Pre-construction 8 SB Energy Angela
Solar +
Storage 20 10 40 1.4% 15 $35 Mar-21 Pre-construction
9 AES Mountain View Wind 33.3 3.1% 20 $128 Apr-21 Online 10 Origis San Luis West
Solar +
Storage 62.5 15.625 62.5 3.9% 15 $132 Apr-21 Pre-construction 11 Clearway Victory Pass
Solar +
Storage 100 25 100 7.6% 15 $173 May-21 Online
12 Terra-Gen Cameron Crest Wind 77.7 4.6% 15 $150 May-21 Online 13 Rev
Renewables Tumbleweed
Long
Duration 15.938 127.5 15 $100 Feb-22 Construction
14 Onward Goal Line
Long
Duration 14.2 113.6 15 $100 Mar-22 Pre-construction
15 Ormat Geothermal Portfolio Geothermal 16.75 4.2% 20 $256 Jun-22 Pre-construction 16 OME Fish Lake Geothermal 1.82 0.4% 20 $30 Jun-22 Pre-construction 17 AES Baldy Mesa (RA-only) Storage 0 75 300 10 $81 Sep-22 Online 18 MRP Hanford
Thermal +
BESS 99.4 131.4 131.4 12 $280 Apr-23 Pre-construction
19 NextEra Grace Solar 120 0 8.3% 15 $286 Aug-23 Pre-construction 20 NextEra Yellow Pine III Storage 0 115 460 15 $420 Aug-23 Pre-construction 21 Pattern SunZia Wind 100 0 0 7.6% 15 $361 Nov-23 Construction 1 Total: 995 533 1845 71.4% $3,696 |
4 Fall 2023 Procurement Efforts
SVCE Procurement Goals:
• Renewable Portfolio Standard
(RPS)
• Integrated Resource Plan
(IRP) GHG Reductions
• Mid-term Reliability (MTR)
Procurement Order
• Portfolio Diversity
• Technology
• Geography
• Resource Adequacy
• Carbon Free Energy &
Standalone Storage Projects
• Term: minimum 10 years
October
2023
• Issued RFP – seeking diverse RPS
& MTR Resources
Early 2024
• Shortlisted Glossy Garlic
Oct-Nov
2024
• Expected execution of Glossy Garlic
contingent on Board approval
Item 4
PRESENTATION
5 Glossy Garlic Solar + Storage
• SVCE’s first local utility-scale project
• 4% of SVCE’s retail sales
Helps meet:
• GHG reduction target
• 75% RPS by 2030
• SB100 Clean Energy target
of 100% by 2045
• SB350 long-term RPS
requirements
• Provides clean Resource
Adequacy capacity
Developer •VCI Energy, Inc.
• 50 MW New Solar, 50 MW New 4-hour Battery Storage
• 192 GWh PCC1 Renewable Energy
•Resource Adequacy
Product &
Attributes
•Glossy Garlic
•Santa Clara County
Project Name &
Location
• 10-year, online in early 2029 Expected Delivery
Term Start
• Fixed price ($/kW-mo) for Resource Adequacy and
($/MWh) for Metered Energy. No Escalator.
Contract Price
Structure
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PRESENTATION
6 Annual RPS Progress
Glossy Garlic will help
SVCE meet ongoing
SB100 RPS requirements
as well as SVCE’s Agency
RPS target that climbs to
75% in 2030
SB100 Carbon Neutral
targets per SB 1020
60% RPS by 2030
90% Clean by 2035
95% Clean by 2040
100% Clean by 2045
*Additional carbon-free allocations in 2024 and beyond are expected from PG&E’s existing portfolio and a new state-wide Central Procurement Entity
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PRESENTATION
7 Compliance with Long-Term RPS
Procurement Mandate
• SB350 requires 65% of
RPS to come from long-term (>=10 years)
contracts
• Glossy Garlic adds to
Compliance Period 6
(CP#6) obligations
CP#4
2021-
2024
CP#5
2025-
2027
CP#6
2028-
2030
1. State Mandated RPS per Compliance Period -
% of Retail Sales 40% 50% 57%
2. State Mandated % of Mandated RPS (Row
#1) to be Contracted Under RPS Long-term
Contracts
65% 65% 65%
3. State Mandated % of Retail Sales with RPS
Long-term Contracts (Row 2* Row 1) 26% 33% 37%
4. SVCE: Current Compliance with Row #3:
Existing RPS Achieved with Long-term
Contracts
27.4% 62.2% 73.9%
5. SVCE: RPS Achieved with Glossy Garlic 27.4% 62.2% 77.9% Open Position relative to State Mandate (Row
#3) +Above/ (-) Below +1.4% +29.2% +40.9%
Item 4
PRESENTATION
8 Energy and Reliability Portfolio
Increases Clean Energy
from Solar by 4% and
Clean RA Capacity from
BESS by ~4%
Glossy Garlic will
increase clean energy
and capacity to meet
Resource Adequacy
requirements.
One-to-one ratio of
PV to BESS improves
ability to meet RA
Slice of Day
requirements.
Estimated for
2028
Annual Energy
(GWh)
Energy Source
as a Percent of
Total Retail
Sales
Capacity Source
as a Percent of
Total RA
Requirement
Biomass 0 0% 0%
Geothermal 385 9% 4%
Solar with
Glossy Garlic 2,004 47% 6%
Wind 633 15% 6%
Large
Hydroelectric 1,265 29% 0%
Battery
Storage with
Glossy Garlic
0 0% 35%
Natural Gas RA-only 0 0% 40
Hanford –
Natural Gas Est. 8 0.2% 9%
Total 4,286 100% 100%
Item 4
PRESENTATION
9 Glossy Garlic Project Risk
All power supply projects carry risk which may be managed through sound contract provisions, proper portfolio oversight and diversification of technology, location, tenure and counterparty.
• Development Risk – pre on-line
• VCI has site control for Glossy Garlic
• Local and other use permits in process
• CAISO interconnection study not yet
started
• Supply-chain and labor cost
• Financing
• Performance Risk – post on-line
• PV generation
• Energy & RA value
• BESS Operations
*Glossy
Garlic
Item 4
PRESENTATION
10 Summary
Glossy Garlic adds a local project to SVCE’s portfolio while meeting clean objectives
• Contributes 4% of RPS-eligible energy on an annual basis • Helps meet clean energy goals, SB 100, SB 350 and SB 1020 • Reduces GHG emissions
• Provides Resource Adequacy capacity
• Provides net positive portfolio value
• First local project in SVCE’s service area
Item 4
PRESENTATION
11 Request
Authorize the Chief Executive Officer to execute Glossy Garlic agreement for the procurement of renewable solar energy and energy storage as follows:
1. VCI Energy Glossy Garlic (PPA) (“Glossy Garlic”)
a. 50 MW or approximately 192,000 MWh per year of Renewable Portfolio Standard (RPS) Portfolio Category Content One (“PCC1”) eligible resources from solar PV; b. 50 MW, 4-hour or 200 MWh lithium-ion battery energy storage system which is capable of charging from the CAISO grid;
c. 10-Year term PPA with expected commercial operation date (COD) and term from February 28, 2029, through February 27, 2039; and.
d. Total amount not-to-exceed $138,000,000.
Item 4
PRESENTATION
• Subtitle
New SV Clean Energy
PowerPoint Template
Item 5
PRESENTATION
2023 Greenhouse
Gas Inventory Update
October 9, 2024
SILICON VALLEY
CLEAN ENERGY
Item 5
PRESENTATION
Emissions
[MT
CO2e]
2023 total emissions were 27% below 2015
2023 emissions:
2.92 million MT CO2e
SVCE Region GHG Reduction Targets
2021:30% below 2015
2025: 40% below 2015
2030: 50% below 2015
Non-Commercial On Road
Commercial On-Road
Off-Road
Non-Res. Natural Cas
Res. Natural Cas
Non-Res. Electricity DA
Non-Res. Electricity
Res. Electricity
2 Item 5
PRESENTATION
Emissions
[MT
CO2e]
Cleaner electricity and transportation drove the
reduction
3 •
•
•
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PRESENTATION
Emissions
[MT
CO2e]
Key Driver: Decreasing electricity GHG intensity
2023 electricity emissions were 72% below 2015
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PRESENTATION
Emissions
[MT
CO2e]
Key Driver: Transportation efficiency & fuel switching
2023 on-road transportation emissions were 5% below 2015 4,000,000
3,000,000
2,000,000
1,000,000
Energy & Transportation Emissions by Sub-Sector
decrease
Despite a 13% increase in
vehicle miles traveled from
2015-2023, emissions have
reduced from vehicle
efficiency and EV adoption.
Non-Commercial On Road
Commercial On-Road
5 2015 2017 2018 2019 2020 2021 2022 2023
Item 5
PRESENTATION
Emissions
[MT
CO2e]
Back to the overall picture
2023 emissions
Non-Commercial On Road
Commercial On-Road
Off-Road
Non-Res. Natural Gas
Res. Natural Gas
Non-Res. Electricity DA
Non-Res. Electricity
Res. Electricity
6 SVCE Region GHG Reduction Targets
2021:30% below 2015
2025: 40% below 2015
2030: 50% below 2015
27%
decrease
2.92 million MT CO2e
Item 5
PRESENTATION
Emissions
[MT
CO2e]
Region is not likely to hit 2025 target
2023 emissions:
2.92 million MT CO2e
SVCE Region GHG Reduction Targets
2021:30% below 2015
2025: 40% below 2015
2030: 50% below 2015
Non-Commercial On Road
Commercial On-Road
Off-Road
Non-Res. Natural Gas
Res. Natural Gas
Non-Res. Electricity DA
Non-Res. Electricity
Res. Electricity
7 Item 5
PRESENTATION
How far away is the 2025 target?
One scenario would be to electrify: 63,000 vehicles
34,000 water heaters
J
24,000 space heaters
K 18,000 cooktops
800 commercial buildings
250 industrial facilities
8 Item 5
PRESENTATION
How many machines will current programs
electrify?
600 new vehicles
63,000 vehicles
34,000 water heaters
24,000 space heaters
18,000 cooktops
800 commercial buildings
250 industrial facilities
5,000 water heaters
3,000 space heaters
1,600 cooktops
25 commercial buildings
15 industrial buildings Chart for illustrative purposes only 9 Item 5
PRESENTATION
SVCE is investing in the building blocks that
support long-term deep decarbonization
Early adoption tests
technology and
feasibility:
- Rebates
- Program testing
- Building codes
System improvements
enable broader market
adoption:
- Market maturation
- Local policies
- Permit streamlining
- Technical support
- Widespread rebates
Chart for illustrative purposes only
10 Item 5
PRESENTATION
(D Forecast for 2030 market adoption and policy
includes significant ramping
2025 Target
Programs help ‘smooth the
2030 Market Forecast
with Policy Impact
Early adoption tests
technology and
feasibility:
- Rebates
- Program testing
- Building codes
System improvements
enable broader market
adoption:
- Market maturation
- Local policies
- Permit streamlining
- Technical support
- Widespread rebates
State and regional policies catalyze market
transformation:
- 2027: BAAQMD policy
- 2030: Statewide heat pump requirements
- 2035: All new car sales are EVs
Chart for illustrative purposes only
11 Item 5
PRESENTATION
We have come a long way and we’re driving
electrification in our communities. The next order of
magnitude requires enabling market transformation and
policies. The path ahead isn't certain or easy, but our collective efforts can bend the carbon curve.