RE+ 2022 was HUGE!
Tons of people, interesting ideas and an all around motivating energy for what the industry has in store. Here are some of our top takeaways... "My immediate takeaway was the power of federal policy to instill energy, enthusiasm, and growth across our industry—with the tailwinds of IRA at our backs, there is a widespread sense of optimism and ambition throughout our community. This year’s conference supposedly shattered attendance records and the exhibitions halls and hotel lobbies were rife with buoyancy and outright excitement." -Cameron Bard, VP, Market & Business Development"
I was excited to see significant attention and participation from corporate offtakers taking a much more active role in acquiring renewable energy. Many more CFOs in attendance looking for on-site and offsite solar/battery/EV solutions than in year’s past."-Steve Cunningham, Partner
"Everyone is seriously looking into Energy Storage, with the IRA allowing ITC for standalone Energy Storage and the high penetration of PV in the most active markets. We are getting to the point where it makes no more sense to add Renewables to the grid if there isn't also a matched addition of Energy Storage. As Regulators and Policy makers understand that the more investors/developers want that asset class in their portfolios."-Pablo Barrague, VP Origination, Battery Storage. So, how did this year’s gathering compare to SPIs of years past? "I believe this was the first in-person SPI since 2019, which meant it felt at times like a reunion of sorts. Nothing beats face-to-face engagement, and it was an incredibly rewarding experience to see so many friends, colleagues, and partners in one place at the same time."-Cameron Bard, VP, Market & Business Development
"The incredible growth of Energy Storage within the Conference, commanding a large and central chunk of the expo floor and dominating a big part of the sessions. Awesome!"-Pablo Barrague, VP Origination, Battery Storage
Any surprising anecdotes or learnings from your time in Anaheim?
"Not so much a surprise, but ITC extensions can’t immediately fix persistent supply constraints. While I did hear certain vendors talking about some sense of “returning to normal” costs and delivery timelines, equipment and procurement challenges continue to hamper projects. The IRA’s domestic manufacturing policies are intriguing, but we still have a lot to learn from impending details and guidance."-Cameron Bard, VP, Market & Business Development
Please share any other thoughts, stories, or takeaways... "Palpable energy, excitement, and optimism across the convention hall and broader campus — there’s no doubt the IRA’s tailwinds buoyed spirits and helped smooth over what’s been an extremely tumultuous two years since the last in-person RE+/SPI event was held in Salt Lake City back in 2019. Natural topics of conversation, when not focused on immediate deals or projects, drifted toward continued supply chain constraints, the realistic possibility of achieving 50% or more in ITC for certain projects, challenges in hiring, and broader economic conditions, i.e., rising interest rates and threats of a looming downturn."-Cameron Bard, VP, Market & Business Development."
A much more engaged energy offtaker than previous years. I.R.A. is a big deal as it is the first time the industry has ever had long-term policy guidance. With their electricity prices increasing at a higher pace than the cost of Solar, C&I offtakers seem to be taking a more active role in achieving energy savings and ESG targets than previous years."-Steve Cunningham, PartnerNow, we're already looking forward to next year!