Show Filters

Top Results

Racing to Net-Zero

At a Glance

Technology Framework

Facilitated workshops to focus on frameworks around preferred technologies within the short, intermediate, and long-term plan segments

Resource Plan

Created a long-term resource plan to achieve aggressive decarbonization goals while maintaining reliability

Financial Impact

Prepared the leadership team to approach their board and regulators with the financial impact of the plan under varying costs of carbon to help inform decision-making

Challenge

Our client, a mid-sized vertically integrated electric utility, announced one of the most aggressive net-zero carbon emissions goals in the United States. The company embarked on a long-term resource planning effort to meet this goal while maintaining reliability and affordability. The client faced several common challenges in this effort, including the consideration of a multitude of options, technology readiness, context and suitability for their territory, and the absence of a regulatory mandate that would require them to pursue low-carbon options. ScottMadden was engaged to facilitate a long-term resource strategy that could meet ambitious decarbonization goals while maintaining (or improving upon) today’s levels of reliability.

Process

  • Developed a framework for evaluating technologies which included: technology maturity, scale of potential carbon abatement, overnight and operating costs, capacity factors, risk and dispatchability
  • Facilitated workshops to focus on the preferred technologies within the short, intermediate, and long-term plan segments
  • Engaged with client’s resource planning team using their IRP model to interactively solve for the desired emission levels and understand financial and operational impacts

Result

  • Created a long-term resource plan to achieve aggressive decarbonization goals while maintaining reliability
  • Provided a plan that incorporated and identified enablers (e.g., regulatory policy, pilot projects, grid capabilities, etc.) necessary to support the resource plan
  • Prepared the leadership team to approach their board and regulators with the financial impact of the plan under varying costs of carbon to help inform decision making

Related Insights

Let’s Work Together

We don’t solve problems with canned methodologies. We help you solve the right problem in the right way. Our experience ensures that the solution works for you.