Investigating the Viability of Renewable Energy Options
The New York Times’ Energy and Environment column this week offered a list of institutions who are pursuing geothermal energy projects this year. Often funded by stimulus grants, the projects are desirable both because they can reduce carbon footprint and because they can reduce heating costs significantly. The number of institutions investigating solar, wind, and biomass options is also growing. For colleges considering their first investment (or a new investment) in renewable energy generation, due diligence in assessing the viability of the different options available to you is crucial — both so that you can identify the option that will be most cost-effective in both the short and the long term, and so that you don’t run into uncomfortable surprises midway through the project. We asked Ryan Pletka, project manager for renewable energy at Black & Veatch, for his advice on what questions leaders in higher education should consider prior to making a renewable energy investment. Technical Feasibility First, look into the technical feasibility of different options, given your region. “Before anything else, ask: Is there actually a resource there? For example, geothermal sounds like a great resource, but it is only really practical for a few sites, mostly in the West.” […]