Get educated: Solar can generate electricity, heat water, or help heat your home. Insolation — A portmanteau of the phrase “ In coming Sol ar Radi ation ”, it is a measure of the amount of solar radiation energy received on a given surface area over a given time. Like a transmission system operator (TSO), an RTO coordinates, controls and monitors an electricity transmission grid that is larger with much higher voltages than the typical power company's distribution grid. Concentrated solar power, often shortened to the acronym CSP, is used for large-scale installations that supply solar energy to a utility company. TOU: Time of use rates are electricity prices that vary depending on the time periods in which the energy is consumed. With an industry growth rate of more than 40% per year, there was a need for a single event where industry could come together with potential customers, policymakers, investors, and other parties necessary for continued rapid growth. Supply companies then pass the certificates to some form of regulatory body to demonstrate their compliance with their regulatory obligations. Another word for solar energy. How To Wiki is a FANDOM Lifestyle Community. It is usually … FIT: A feed-in tariff (FIT) is a policy mechanism designed to encourage the adoption of renewable energy sources. A name commonly given to a private group, regardless of size, organized to elect political candidates. It means that they are built/constructed along with an object and are planned together with the object. A solar trade group said All Energy's grievances reflect longstanding and costly interconnection problems with Xcel for the entire industry. Top EUL abbreviation related to Energy: Effective Useful Life AWEA: The American Wind Energy Association is the national trade association for the wind industry. EIS: An environmental impact statement (EIS) under United States environmental law, is a document required by the National Environmental Policy Act for federal government agency actions "significantly affecting the quality of the human environment.” A tool for decision making, an EIS describes the positive and negative environmental effects of proposed agency action - and cites alternative actions. ACORE: Founded in 2001, the American Council on Renewable Energy (ACORE) is a 501 (c)(3) national nonprofit organization that unites finance, policy and technology to accelerate the transition to a renewable energy economy. Breaking down information overload into business reality, SEPA takes the time and risk out of implementing solar business plans and helps turn new technologies into new opportunities. In the areas where an ISO is established, it coordinates, controls and monitors the operation of the electrical power system, usually within a single US State, but sometimes encompassing multiple states. The Summit allowed UMD students, faculty, and staff working on solar … AFV. PV: Photovoltaics are the solar panels that most people are familiar with that can be placed on residential or commercial rooftops, used as an electronic charger, as well as numerous other applications. These certificates can be sold and traded or bartered, and the owner of the REC can claim to have purchased renewable energy. If you know another acronym … AEE: Advanced Energy Economy, a national association of business leaders who are making the global energy system more secure, clean, and affordable. What does EUL stand for in Energy? PUC: A public utilities commission (PUC) is a governing body that regulates the rates and services of a public utility. DSM: Demand Side Management (DSM), also known as Energy Demand Management, entails actions that influence the quantity or patterns of use of energy consumed by end users, such as actions targeting reduction of peak demand during periods when energy-supply systems are constrained. SPI: Solar Power International (SPI) was created in 2004 when the Solar Electric Power Association (SEPA) and the Solar Energy Industries Association (SEIA) joined together in partnership to fill an obvious void: the US was missing a business-to-business solar conference and expo. Solar Acronyms and Definitions 1. Such rates can provide an incentive for consumers to curb power use during peak times. RTP: Real-time pricing (RTP) is the instantaneous pricing of electricity based on the cost of the electricity available for use at the time the electricity is demanded by the customer. Energy in watt hours is the multiplication of power in watts and time in hours. This means that the LEC is the minimum price at which energy must be sold for an energy project to break even. Created by. Advanced energy encompasses a broad range of products and services that constitute the best available technologies for meeting energy needs today and tomorrow. REFERENCE. A megawatt hour is the amount of power used if 1,000,000 watts are used for 1 hour, or 1 watt is used for 1,000,000 hours. The consumer of a REC receives only a certificate. SEIA and SEPA are the co-owners of Solar Energy Trade Shows, which implements solar events and conferences around the country, including Solar Power International. This also reduces the size and number of power lines that must be constructed. Put it all together, and you get photovoltaic, which means converting light into electricity. BCSE: The Business Council for Sustainable Energy is an organization dedicated to implementing market-based approaches to reducing pollution and providing a diverse, secure mix of energy resources. This thermal energy is then used to produce … ALTERNATIVE FUEL VEHICLES. These projects may include reducing energy consumption in publicly owned buildings by at least 20%, implementing green community programs, or rural development involving the production of electricity from renewable energy resources. ITC: an Investment Tax Credit is a tax credit provided to taxpayers, including people or businesses, related to the investment in a particular entity. Making electricity is the most common use of solar energy in Minnesota today. F. Federal Energy Regulatory Commission (FERC)—The Federal Energy Regulatory … EERS: An Energy Efficiency Resource Standard (EERS) is a simple, market-based mechanism to encourage more efficient generation, transmission, and use of electricity and natural gas. ISO: An Independent System Operator (ISO) is an organization formed at the direction or recommendation of the Federal Energy Regulatory Commission (FERC). The power purchase agreement specifies the terms and conditions under which electric power will be generated and purchased. Acronym: Word: Definition: PV: Photovoltaics: The semiconducting process by which sunshine is converted into energy by way of solar cells and panels. A photovoltaic array is an interconnected system of modules that gets the job of converting solar power to electricity done. MW/MWh: The megawatt is equal to one million watts. All Rights Reserved. It is an economic assessment of the cost the energy-generating system including all the costs over its lifetime: initial investment, operations and maintenance, cost of fuel, cost of capital. Energy EUL abbreviation meaning defined here. Acronyms… Find more ways to say solar energy, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. One variation is Organic Photovoltaics (OPV) which are made of carbon-based compounds. Yet, they could be built later on. Whether you've been in the industry for decades or just started a new job today, keeping track of all the different terminology and acronyms can become a full-time job. Acronyms. ACRONYM. ACELA: American Clean Energy Leadership Act, also known as S. 1462, is the Senate’s version of the ACES Bill. Can be harnessed in several ways, including through photovoltaic and concentrated solar power systems (CSP). Dictionary.com Unabridged Based on the Random … Their mission is to inspire an era of energy innovation and speed the transition to a sustainable energy economy. Take your favorite fandoms with you and never miss a beat. IOU: An investor-owned utility (IOU) is a business organization, providing a product or service regarded as a utility (often termed a public utility regardless of ownership), and managed as private enterprise rather than a function of government or a utility cooperative. ACES: American Clean Energy and Security Act of 2009, … SREC (solar renewable energy certificate): an SREC is the property right to the environmental benefits associated with generating solar electricity. SEPA: The Smart Electric Power Association is comprised of over 560 utilities and solar industry members. They have chapters throughout the US and Canada. TSF: The Solar Foundation is a 501(c)(3) nonprofit organization that promotes the use of solar energy technologies to help meet the world's energy needs. RES/RPS: A renewable portfolio standard (RPS) or renewable electricity standard (RES) is a regulation that requires the increased production of energy from renewable energy sources, such as wind, solar, biomass, and geothermal. General function is to help fundraising efforts of political candidates. The kilowatt hour (kWh) is a unit of energy equal to 1000 watt hours or 3.6 megajoules. The Disco can also perform other services such as aggregating customers, purchasing power supply and transmission services for customers, billing customers and reimbursing suppliers, and offering other regulated or non-regulated energy services to retail customers. USP: Utility Scale Power is an abbreviation used to reference large-scale solar projects. Solar*Rewards Community – Subscriber FAQ Updated: October 2020 Terms and Acronyms • Community Solar Garden (CSG) • Renewable Energy Certificate or Credit (REC) • Solar*Rewards Community (SRC) … It reduces the amount of energy lost in transmitting electricity because the electricity is generated very near where it is used, perhaps even in the same building. BIPV: Building Integrated Photovoltaics (BIPV) refers to photovoltaic systems integrated with an object's building phase. © 2021 Solar Energy Industries Association. Solar Energy Acronyms [edit | edit source] Acronym Meaning Units TSW Thermal Storage … Federal investment tax credit (ITC): Commonly referred to as the solar tax credit, the ITC effectively … Certified renewable energy generators earn certificates for every unit of electricity they produce and can sell these along with their electricity to supply companies. REC/SREC: Renewable Energy Certificates (RECs), or Solar Renewable Energy Certificates (SREC), are tradable, non-tangible energy commodities in the United States that represent proof that 1 megawatt … A basic PV system is mainly composed of solar … It is important to understand that the energy associated with a REC is sold separately and is used by another party. I’m working on creating a glossary of acronyms used in the solar energy industry, especially in Florida. REC/SREC: Renewable Energy Certificates (RECs), or Solar Renewable Energy Certificates (SREC), are tradable, non-tangible energy commodities in the United States that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource. It didn't take long for the event to establish itself as the premiere solar event in the US, growing from 1,100 attendees to over 22,500 in just 5 years. Such businesses can range from a family whose residential property includes a well whose flow in excess of the family's own needs produces a secondary income, to international communications conglomerates, but political and infrastructure considerations in some countries makes the private sector of the electric-power production and distribution industry the most often discussed investor-owned utilities there. PAC: Political Action Committee. Power purchase agreements require the independent power producer to supply power at a specified price for the life of the agreement. Get SEIA emails and stay on top of the latest solar news in your state. T = Exp (-t*m) , or t = - ln (T)/m, where m is the airmass, or equivalent path length through the atmosphere. Minneapolis-based Xcel, the state's largest … It occurred to me that employees and clients alike need a single source to learn what all of the industry lingo means. Couldn't find the full form or full meaning of SOLAR? 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