DMME Energy Efficiency Programs Crystal Ball Panel: W hats on deck - PowerPoint PPT Presentation

DMME Energy Efficiency Programs “Crystal Ball Panel: W hat’s on deck for energy efficiency in Virginia and beyond” “What the new Governor could mean for EE and the State Energy Office” December 3, 2-5 pm The Place at Innsbrook 4036-C Cox Road Glen Allen

DMME Mission and Programs … to enhance the development and conservation of energy and mineral resources in a safe and environmentally sound manner to support a more productive economy. – The Division of Energy: • Serves as Virginia’s State Energy Office • Updates the Virginia Energy Plan • Supports the Virginia Offshore Wind Development Authority • Manages revolving loan funds for RE and EE • Operates the Virginia Energy Management Program (VEMP) • Helps to implement Executive Orders, Directives and other executive branch energy initiatives

DMME Energy Efficiency Programs – Executive Directive 2: • Centralize and improve energy management in state facilities • Establish VEMP as an enterprise operation Total Dollar Value of Energy Contracts The 2013 decline in $350,000,000 $315,302,226 total value is a result $300,287,835 $285,988,414 $300,000,000 of a change in the $250,000,000 source of data from financial reports to $200,000,000 $178,015,519 fuel vendor reports. $150,000,000 The total would be $100,000,000 $252 million using $50,000,000 the financial data. $ ‐ FY2010 FY2011 FY2012 FY2013

Energy Services Performance Contracts

New ESPC Opportunities – Local government ESPC marketing and TA – CHP opportunity – Alternative Fuel Vehicles and Refueling opportunity – PC Accelerator Program – 179D deductions program

Better Buildings Programs Better Buildings Retrofits 120 109 FY12 Q4 FY13 Q1 100 91 FY13 Q2 FY13 Q3 80 FY13 Q4 FY14 Q1 60 56 44 40 34 22 20 0

The Commonwealth Energy Fund • DMME and the Virginia Center for Innovative Technology launched the Commonwealth Energy Fund (CEF) in 2011 to make loans to high ‐ growth potential early stage Virginia companies capable of creating jobs, reducing energy usage, increasing energy generation from renewable resources, reducing Virginia’s dependence on imported oil and reducing greenhouse gas emissions. The Fund was capitalized with $2.6 million from DMME’s SEP ARRA allocation under the Economic Development market title. • CIT recruited and impaneled an Investment Advisory Board (IAB) to serve CEF decisions, identified a statewide list and has evaluated over 300 Virginia companies for potential loan awards. The investment Team scouted prospects within the target search areas and at the commercial ready stage. • Based on IAB input, the CEF has made seven portfolio loans to date of $200,000 each.

Energize Virginia ‐ Revolving Loan Fund (RLF) Buchanan County Public Schools Pulaski County $2,332,000 $2,500,000 Southwest Regional Jail Authority Town of South Boston* $420,000 $542,000 VA Dept. of General Services VA Dept.of $4,102,000 $356,000 Corrections

Energize Virginia: A Revolving Loan Fund Energize Virginia: A Revolving Loan Fund conserves energy, creates new renewable energy generation capacity, supports economic development and creates jobs in Virginia by financing energy efficiency, alternative fuels and renewable energy generation measures for state agencies and local governments. The Fund:  Supports job creation through capital investment in systems that conserve energy, increase the availability of alternative fuel vehicles, create renewable energy generation capacity, save money, improve the environment and advance Virginia’s energy security  Provides an evergreen low ‐ interest financing program with flexibility to adapt to the changing needs of the Commonwealth

DMME Energy Efficiency Programs A revision of the Virginia Energy Plan is about to become a major DMME work task. The first “modern” VEP of 2007 last was updated in 2010.