Solar Is Victim Of Its Own Success As Largest Grid Operator PJM Interconnection Is Overwhelmed With Solar Logjam, Asks For Two-Year Pause On Reviewing 1,200 Solar Projects; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar

It’s a nice problem to have as solar grows exponentially. PJM Interconnection, the largest grid operator in the U.S., wants a two-year pause breather because it has a logjam of primarily solar projects seeking review to connect to the central electrical grid in the Eastern U.S. Inside Climate News reports PJM has a backup of some 1,200 energy projects — mostly solar — so PJM wants to buy time for itself to straighten out the waiting list. To  Solar Integrated Roofing Corp. (OTC PINK: SIRC) and other solar installers a problem with too many solar projects only reinforces their belief in the long term future of solar.

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Solar Is Victim Of Its Own Success As Largest Grid Operator PJM Interconnection Is Overwhelmed With Solar Logjam, Asks For Two-Year Pause On Reviewing 1,200 Solar Projects; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Sees Promising Future In Solar

PJM Interconnection is overwhelmed by its success attracting solar projects. Located in multiple-states in the Eastern United States, it faces a logjam of 1,200 solar projects to review and implement. It can’t handle solar’s success — so it is asking for the two year pause. It also has 2,500 more renewable energy projects — many of them solar — waiting to be reviewed.

PJM Interconnection wants to unravel the backed up projects it already has. A non-profit, it produces wholesale electricity in some 13 states. But renewable energy today represents only 6% of its mix. It could be a lot more — solar primarily — if it can untangle its backed-up logjam.

The Company is confident that it can fix its queue of renewable energy projects it faces. Jeff Dennis, attorney for Advanced Energy Economy, says PJM is watched as a bellwether. How it handles its backup will have a ripple impact on other, smaller grid operators.

“It’s a kink in the system,” declares Adam Edelsen, a former state auditor in Kentucky who is working to bring solar projects and jobs to ailing coal communities along the East Coast. Solar Is Victim Of Its Own Success As Largest Grid Operator PJM Interconnection Is Overwhelmed With Solar Logjam, Asks For Two-Year Pause On Reviewing 1,200 Solar Projects; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar.

Edelsen adds, “There is broad national consensus, in the leadership from the public and the private sector, that we need to hasten the adoption of renewable energy.” PJM’s electrical grid runs from Virginia to northeastern Illinois.

Solar Integrated Roofing Corp.(OTC PINK: SIRC) and other rooftop solar system installers are watching how large central grid electricity managers handle the overflow situation. It’s a nice problem for companies SIRC to experience, but it can hamper the solar industry’s future growth.

If the backup isn’t handled aggressively and soon, it could jeopardize the ability of projects getting done. SIRC and other solar installers want to be able to effectively work on solar projects as soon as possible. A two-year delay by the nation’s grid operator is not helping President Biden meet his administration’s long term goal for carbon reduction, industry sources say.

Gizelle Wray, senior director of regulatory affairs and counsel for the Solar Energy Industries Association (SEIA), says, “The process right now is effectively broken.” Solar Is Victim Of Its Own Success As Largest Grid Operator PJM Interconnection Is Overwhelmed With Solar Logjam, Asks For Two-Year Pause On Reviewing 1,200 Solar Projects; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar.

SIRC’s core business is rooftop solar systems and rechargeable solar battery systems. Some utilities have so much solar-generated excess electricity being sold to them, they have to resell it again to other utilities out of state. This is the situation in states such as California — which has 1.3 million solar system households. Central electricity grids cannot handle all the solar powered electricity they receive.

The move within three years to generate 30% of the nation’s electrical  capacity —- from just 25% today — needs momentum from new funding and technology. This includes  incentive awards for new rooftop and small-scale solar projects.

Also, new technology can bring down installation costs.

Solar and other renewables are generating a greater percentage of the nation’s capacity needs. According to site ‘Bring Me The News,’ electric rates have jumped some 30% over the past 10 years in some states. That makes solar not just a conservation buy, but also an energy efficient purchase.

SIRC is well positioned in this strategy because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.

Homeowners and small business, which are potential buyers of solar systems,  can see clearly that 2022 offers them a rare chance to beat central grid electricity increases. They can also move now to beat the solar federal tax credit drop from 26% to 22% in 2023.

Solar Is Victim Of Its Own Success As Largest Grid Operator PJM Interconnection Is Overwhelmed With Solar Logjam, Asks For Two-Year Pause On Reviewing 1,200 Solar Projects; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers See Promising Future In Solar.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

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