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Hawaii Renewable Energy Development Venture (HREDV)

Hawaii Renewable Energy Development Venture (HREDV). Funding agency for renewable energy Push is for projects with immediate benefits Implementation of commercial products Technology that is ready for commercialization

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Hawaii Renewable Energy Development Venture (HREDV)

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  1. Hawaii Renewable Energy Development Venture (HREDV) • Funding agency for renewable energy • Push is for projects with immediate benefits • Implementation of commercial products • Technology that is ready for commercialization • Linkages are a bonus, e.g. energy security and food security can be linked to one another • $1.2 million in funding for FY2008 • Solicitations out June 2009

  2. HREDV – Possible Topics • Improving energy efficiency • Renewable energy • Interisland cables • Energy for agriculture • Analysis of transmission & distribution • Smart grids • Coupling intermittent sources to grid • Alternative transportation • Biofuels • Batteries • Education and outreach

  3. HECO: Current Issues • Committed to producing 50% of HI power from renewable sources • Mostly wind • Need to solve intermittent energy problem • Frequency of generation • Predictability of generation • Smoothing of spikes in power • Need to connect island w/ undersea cable • Renewable resources are not evenly distributed • E.g. OTEC: best on west Oahu or west side of Big Island • Geothermal: only on Big Island

  4. Background Hawaii Info • 85% of energy is from imported petroleum • 90% of oil is from foreign sources • Fuel surcharges affect cost of 80% of goods • Statewide daily energy usage is ~1200 MW • Big Island already powered by 45% renewable energy (geothermal + wind) – highest % in world 6 MW 200 MW 6 MW 200 MW

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