1 min read

Client Spotlight: The Washington Tennis & Education Foundation

By 5 on July 30, 2021

The Washington Tennis and Education Foundation’s (WTEF) mission is to build life champions, giving children and youth a safe environment where they can excel. WTEF empowers them to achieve their highest potential by developing meaningful values and critical skills that lead them to life-long success through a pathway of continual academic, life skills, and tennis instruction during after-school and summer camp hours.

5 is proud to serve as the energy advisor to this important institution in the Washington DC area. Recently, 5 assisted WTEF in joining the Solar for All program, providing power and savings for families in Ward 7. “Everything that we do here is to serve our community,” remarked John Borden, WTEF President and CEO. “It is completely worthwhile and something we have an obligation to do.”

Check out the local news coverage on this important community project below.

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Topics: Clients Case Studies Procurement Sustainability Renewables Resiliency
12 min read

July 2021 - Quarterly Market Letter

By Jon Moore on July 20, 2021

On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of 2021. The unusual weather that caused historic outages and extreme electricity and natural gas prices in Texas in Q1 surfaced in other markets in Q2. Both the Pacific Northwest and the Western US faced extreme weather conditions, namely, heat. In Death Valley, temperatures hit 130 degrees on July 9, a world record for the hottest reliably measured temperature in recorded history.

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Topics: Markets Natural Gas ERCOT Newsletters Education Resiliency
1 min read

A Website Worth Experiencing

By 5 on June 29, 2021

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Topics: Natural Gas People Culture Videos Procurement Demand Response Sustainability Education Renewables Resiliency
2 min read

NY is Unclear About Nuclear

By 5 on May 25, 2021

The State of New York may be a microcosm of our nation’s energy past and future. New York has been trying to balance nuclear power plant retirements with new gas-fired generation while also encouraging the development of renewable power assets. On Friday morning, April 30, the last functioning nuclear reactor at Indian Point was shut down. For the past 60 years, electricity from this nuclear power plant provided New York with 565 Terawatt-hours of electricity. Before the second reactor was shut down last year, Entergy, the operator of Indian Point, estimated that the output of the two reactors supplied the Lower Hudson Valley and New York City with approximately 25% of its electricity. Environmentalists and politicians alike have described Indian Point as a threat to the safety of the millions of people who live near the plant, located 35 miles north of New York City, and many cheered its removal from service.

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Topics: Markets NYISO Sustainability Renewables Resiliency
2 min read

Client Spotlight: Redeemer Health

By 5 on May 25, 2021

Redeemer Health has a 95-year history of providing compassionate care and healing to the communities it serves in Pennsylvania and New Jersey through the vision of the Sisters of the Redeemer. From its modest beginnings, the Sisters' mission to care, comfort, and heal continues to grow through the many programs, services, and facilities that comprise Redeemer Health. With a long-held commitment to older adults, the Sisters built St. Joseph Manor, a home for older adults, in 1934 on a 45-acre farm in Meadowbrook, PA. In later years, the Sisters established Holy Redeemer Hospital and several retirement and independent living communities. Today, Redeemer Health is a comprehensive health care system comprised of over 40 facilities across the Greater Philadelphia area and Southern New Jersey.

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Topics: Clients Procurement Resiliency
3 min read

Biden's Energy Priorities

By 5 on May 25, 2021

There are several interesting developments in Washington D.C. that could impact the nation’s energy markets. With the death of Alcee Hastings (D-FL) last month, the Democratic majority in the House shrank to a mere six votes and the Senate remains split at 50/50. The razor-thin Democratic majority means it is unlikely that Congress will use the traditional legislative process to pass new energy-related legislation. Instead, as was the case with the stimulus bill, the Biden Administration is expected to use the budget reconciliation process to pass an energy bill at some point this calendar year.

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Topics: Markets Demand Response Sustainability Education Renewables Resiliency
1 min read

Client Spotlight: Kenwood Country Club

By 5 on April 29, 2021

Kenwood Golf and Country Club has been in continuous existence since 1928. The clubhouse, golf course and its facilities cover over 100 acres of rolling countryside, located in Bethesda, Maryland. The Club is situated inside the Capital Beltway, only minutes from the Nation’s Capital, approximately seven miles from the White House and many other cultural and national attractions.

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Topics: Clients Sustainability Renewables Resiliency
2 min read

Client Spotlight: Hebrew Home at Riverdale

By 5 on April 29, 2021

The Hebrew Home at Riverdale by RiverSpring Living, located in New York City, serves older adults of all faiths through compassionate care and active community engagement. Guided by Jewish values for over 100 years, Hebrew Home is committed to healthy aging and the highest quality of life through innovative programs and services designed to meet the evolving needs of their residents. Hebrew Home is a nationally recognized long-term care facility that also provides specialized services, including elder abuse prevention and memory care to over 18,000 patients and residents.

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Topics: Clients Procurement Sustainability Resiliency
1 min read

Spotlight – Savings and Flexibility for International Auto Parts Manufacturer

By 5 on April 21, 2021

5’s client in Mexico provides customers around the world with automatic transmissions, the brain of automobiles. As a manufacturer of Continuously Variable Transmissions (CVT, hybrids) for automobiles, the client offers ecological products that maximize vehicle performance.

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Topics: Clients Case Studies Procurement Resiliency
10 min read

April 2021 - Quarterly Market Letter

By Jon Moore on April 21, 2021

On behalf of the team at 5, I am pleased to forward our market letter for the first quarter of 2021. This letter focuses on the latest Black Swan event, Uri, the winter storm that hit Texas in mid-February. The storm caused a catastrophic loss of generation and triggered an extended period of extremely high energy prices. This letter provides: (i) a summary and chronology of the legal and regulatory proceedings that Uri has spawned; (ii) a snapshot of how the storm has impacted a variety of market participants including municipal utilities, wind farms, renewable purchasers, commercial and industrial buyers, and the natural gas market; and (iii) an overview of legislative efforts to address electric reliability in ERCOT.

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Topics: Markets Natural Gas ERCOT Newsletters Education Resiliency