Interchange Recharged How can we ease stress on the grid?
Nov 5, 2024
Gregg Felton, CEO of Altus Power, shares insights on commercial and community solar's critical role in America's clean energy future. He discusses how strategic solar deployments near consumption hubs can alleviate grid stress. Gregg reflects on his transition from investment banking to renewable energy leadership and highlights the impact of state support and local partnerships. The conversation also touches on the necessity of educating stakeholders to boost solar adoption and the implications of increased energy demand driven by electrification and AI.
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Gregg's Career Shift
- Gregg Felton's background is in investment management, including a role at Goldman Sachs.
- He transitioned to renewable energy when it became financially viable.
Renewables' Investability
- Renewable energy was previously uninvestable due to low returns.
- It has become more attractive due to rising electricity prices and falling component costs.
Solar's Appeal
- Solar energy is predictable and has a long useful life (35+ years).
- This makes it attractive for long-term investments, especially with rising electricity demand.