Concentric Energy Advisors
The Concentric Connection • August, 2022
Concentric Energy Advisors
Inflation Reduction Act Yields Changes and Opportunities for Utilities

Despite the title of the Inflation Reduction Act (the “IRA”), the legislation aimed at the energy sector has direct overall goals of reducing greenhouse gas (“GHG”) emissions and promoting energy justice. While the landmark legislation is broad and extensive, this overview was prepared from an investor-owned electric utility (“IOU”) perspective, and also includes key points applicable to other energy industry participants.

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In Case You Missed It
Direct Air Carbon Capture Technology Set to Grow with Billions of Dollars in Funding

Direct air carbon dioxide capture technology is still in the stage of being somewhat unknown, but billions of dollars are being pumped into its research in the hopes of addressing climate change while keeping the electric grid reliable.

Earlier this year, the U.S. Department of Energy (DOE) issued a notice of intent to invest $3.5 billion into direct air carbon capture technology, which refers to removing carbon dioxide from the air, transporting it and storing it underground, or using it for other purposes such as making concrete. The DOE will fund four large-scale, regional direct air capture hubs that will comprise a network of carbon dioxide removal (CDR) projects.

Read More Here ›
Firm Announcement
Concentric Welcomes Bill Davis as an Assistant Vice President

Concentric is pleased to welcome William (Bill) Davis as an Assistant Vice President.

Before joining Concentric, Mr. Davis spent 16 years at a significant Midwest electric and gas utility. He is an experienced senior leader and expert witness specializing in renewable energy and the planning, implementation, and evaluation of utility energy efficiency programs. His expertise includes a wide range of regulatory matters, including load research, sales and revenue forecasting, rate design, class cost of service studies, lost revenue recovery, and prudence reviews. Mr. Davis is a member of Public Utilities Fortnightly Under 40 Class of 2020. He holds a B.S. and M.S. in Economics from Illinois State University.

“Bill is an accomplished leader with significant expertise, and he will be an exemplary part of the Concentric family,” said John J. Reed, Chairman and Chief Executive Officer. “Our clients will benefit from Bill’s comprehensive knowledge of utility energy efficiency and renewable energy programs, and broad regulatory background. I am excited to welcome him to our team.”

Click Here to Meet Bill ›
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