electric

electric

Goodbye gasoline… first green LEAF arrives in the Cayman Islands

GEORGE TOWN, Cayman Islands — The NCB group in the Cayman Islands has purchased the very first new all-electric Nissan LEAF in the Caribbean, reinforcing its commitment to environmental sustainability.

“NCB Group is proud to be a part of the innovative movement towards electric cars in the Cayman Islands,” said Matthew Wight, managing director.

Considered the premier residential developer in the Cayman Islands, the NCB group is seeking to further reduce its ecological footprint in an effort to protect the Caribbean and the planet from harmful greenhouse gasses.

Wight said that he drives electric vehicles because he knows that he is helping the environment.

“As a company, we strive to employ sustainable and green technologies when we build our residential and commercial projects and we wanted to carry this mission through to the vehicles we drive,” he explained.

Driving a Nissan LEAF – a 100% electric car — has been extremely rewarding “in the sense that the LEAF does not use a single drop of gas. It has no tailpipe, no fumes and produces zero emissions,” he said.

“As we build with Cayman’s future in mind we are also looking to alternative energy sources in everything we do with the goal to be as eco-conscious as possible,” Wight added.

For nearly a decade John Felder, president and CEO of Cayman Automotive Leasing, has been at the forefront of the burgeoning electric vehicle industry in the Caribbean.

His hope is to see electric vehicles being driven in every country in the Caribbean and eventually the world in years to come.

“I applaud Mr Matthew Wight and NCB for investing in the future for a cleaner and healthier environment. The energy generated to power the Nissan LEAF and the energy to move the car is 97% cleaner in terms of noxious pollutants,” Felder said.

The Nissan LEAF boasts one of the quietest and smoothest rides ever experienced. The vehicle does not have a gas tank and drivers will never have to pay at the pumps again. The motor is powered by an advanced lithium-ion battery, which is half the weight and twice the power of the nickel-metal hydride batteries used in hybrids, and can easily be charged at home, or at any solar panel charging station in Grand Cayman.

Felder is certain that electric cars are the cleanest, most efficient, and most cost effective form of transportation around.

“Electric cars are high performance vehicles that will continue to meet new challenges in the future,” he said. More

 

Utility Industry: We Need to Promote Electric Vehicles in Order to ‘Remain Viable’

The Edison Electric Institute, the power industry's main trade group, is calling on utilities to better promote electric cars in order to stimulate demand for electricity and help reverse trends that threaten the long-term viability of some in the industry.

Without a strategy to help connect more vehicles to the grid, utilities will continue to face slow growth and stagnant revenues, warns EEI in a new report. The organization calls electric vehicles a “quadruple win” for power companies looking to boost demand, find new ways to interact with customers, support environmental goals and mandates, and reduce operating costs through electrifying their own fleets.

“The bottom line is that the electric utility industry needs the electrification of the transportation sector to remain viable and sustainable in the long term,” conclude the authors.

Some leading investor-owned utilities have rolled out programs to support charging stations, created pilots to test integration of new vehicle-to-grid technologies and have supported studies to model how lots of electric vehicles would interact with the distribution system. But there hasn't yet been a strategic, industry-wide effort to support the electrification of transportation as a way to boost demand.

To understand why EEI is now calling for more electric vehicles, consider where the industry is headed. As the chart below illustrates, growth in retail demand has come to a virtual standstill.

At the same time, the states with the biggest solar PV markets are seeing that technology slow electricity demand growth even further. This is adding additional pressure on utilities (creating borderline disruption in some markets), as third-party developers capture much of the value from developing solar.

“Stagnant growth, rising costs, and a need for even greater infrastructure investment represent major challenges to the utility industry,” writes EEI. “Today’s electric utilities need a new source of load growth — one that fits within the political, economic and social environment.”

Part of the answer is electric vehicles, which could both grow electricity sales and help balance a future grid made up of much more distributed renewables.

Thus far, utilities have had a conflicted relationship with electric vehicles. Although sales continue to grow, consumer demand has been relatively low compared to initial estimates. That has prevented power companies from investing heavily in charging infrastructure. There are also legitimate concerns about how electric cars and trucks will impact circuits on local grids.

However, the potential upside is enormous. If the two charts above have utilities worried, the chart below should have them excited about the future.

As Opower pointed out in a recent analysis, owners of electric cars use nearly 60 percent more electricity than the average customer. And customers who own both a solar system and an electric car consume roughly the same amount of electricity from the grid as an average customer — offsetting much of the excess solar that utilities must buy back through net metering. More