IN Focus – Renewable Energy

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>> PRODUCTION SUPPORT FOR THIS EPISODE IN INFOCUS IS PROVIDED EPISODE IN INFOCUS IS PROVIDED BY HOOSIER ENERGY. BY HOOSIER ENERGY. PROVIDING ELECTRICITY TO CENTRAL PROVIDING ELECTRICITY TO CENTRAL AND SOUTHERN INDIANA AND SOUTHERN INDIANA COOPERATIVES AND THEIR COOPERATIVES AND THEIR CUSTOMERS. CUSTOMERS. AND BY WTIU MEMBERS, THANK YOU. AND BY WTIU MEMBERS, THANK YOU. RENEWABLE ENERGY PRODUCTION IS RENEWABLE ENERGY PRODUCTION IS ON THE RISE IN INDIANA. ON THE RISE IN INDIANA. IN 2008, ONLY A HALF PERCENT OF IN 2008, ONLY A HALF PERCENT OF THE STATE'S ENERGY CAME FROM THE STATE'S ENERGY CAME FROM RENEWABLE RESOURCES. RENEWABLE RESOURCES. IT'S NOW UP TO 3 PERCENT.

IT'S NOW UP TO 3 PERCENT. BUT THAT STILL DOESN'T COMPARE BUT THAT STILL DOESN'T COMPARE TO TRADITIONAL ENERGY RESOURCES TO TRADITIONAL ENERGY RESOURCES SUCH AS COAL-FIRED POWER SUCH AS COAL-FIRED POWER PLANTS-WHICH PRODUCE 95% PLANTS-WHICH PRODUCE 95% OF THE STATE'S ENERGY. OF THE STATE'S ENERGY. WE'LL TALK ABOUT THE FUTURE OF WE'LL TALK ABOUT THE FUTURE OF ALTERNATIVE ENERGY IN INDIANA ALTERNATIVE ENERGY IN INDIANA AND WHAT THAT MEANS FOR HOOSIERS AND WHAT THAT MEANS FOR HOOSIERS ON THIS EPISODE OF IN FOCUS. ON THIS EPISODE OF IN FOCUS. THANKS FOR JOINING US ON THIS THANKS FOR JOINING US ON THIS EDITION OF INFOCUS…

EDITION OF INFOCUS… I'M SARA WITTMEYER. I'M SARA WITTMEYER. INDIANA PRODUCES FOUR TIMES MORE INDIANA PRODUCES FOUR TIMES MORE RENEWABLE ENERGY NOW THAN IT DID RENEWABLE ENERGY NOW THAN IT DID WTIU'S GRETCHEN FRAZEE REPORTS WTIU'S GRETCHEN FRAZEE REPORTS ON HOW THE ON HOW THE INCREASE IN ALTERNATIVE ENERGY INCREASE IN ALTERNATIVE ENERGY SOURCES COULD SIGNIFICANTLY SOURCES COULD SIGNIFICANTLY AFFECT AFFECT INDIANA'S ECONOMY AND ITS INDIANA'S ECONOMY AND ITS RESIDENTS. RESIDENTS. >>> INDIANA PRODUCES FOUR TIMES >>> INDIANA PRODUCES FOUR TIMES MORE RENEWABLE ENERGY NOW THAN MORE RENEWABLE ENERGY NOW THAN IT DID IN 2008.

IT DID IN 2008. AND WHILE THE ONLY ABOUT 3 AND WHILE THE ONLY ABOUT 3 PERCENT OF THE TOTAL PERCENT OF THE TOTAL MOST OF THE STATE'S ENERGY MOST OF THE STATE'S ENERGY RESOURCES STILL COME RESOURCES STILL COME FROM COAL. IN FACT, INDIANA FROM COAL. IN FACT, INDIANA RANKS AMONG THE TOP TEN STATES RANKS AMONG THE TOP TEN STATES IN THE NATION FOR BOTH COAL IN THE NATION FOR BOTH COAL PRODUCTION AND CONSUMPTION. PRODUCTION AND CONSUMPTION. BUT STATE UTILITY FORECASTING BUT STATE UTILITY FORECASTING GROUP DIRECTOR DOUGLAS GOTHAM GROUP DIRECTOR DOUGLAS GOTHAM SAYS ALTERNATIVE ENERGY SAYS ALTERNATIVE ENERGY RESOURCES ARE ON THE RISE AND RESOURCES ARE ON THE RISE AND HAVING MULTIPLE SOURCES OF HAVING MULTIPLE SOURCES OF ENERGY CAN REDUCE ECONOMIC ENERGY CAN REDUCE ECONOMIC RISKS.

RISKS. DOUGLAS GOTHAM, DIRECTOR STATE DOUGLAS GOTHAM, DIRECTOR STATE UTILITY FORECASTING GROUP UTILITY FORECASTING GROUP "IT'S LIKE DIVERSIFYING YOUR "IT'S LIKE DIVERSIFYING YOUR RETIREMENT PORTFOLIO. RETIREMENT PORTFOLIO. WE'RE DIVERSIFYING OUR ENERGY WE'RE DIVERSIFYING OUR ENERGY PORTFOLIO. PORTFOLIO. IF SOMETHING HAPPENS IN TERMS OF IF SOMETHING HAPPENS IN TERMS OF REGULATION THAT SIGNIFICANTLY REGULATION THAT SIGNIFICANTLY INCREASES THE COST INCREASES THE COST FROM COAL, IT'S NICE TO FROM COAL, IT'S NICE TO HAVE A PIECE OF OUR PIE COMING HAVE A PIECE OF OUR PIE COMING FROM FROM SOMEWHERE OTHER THAN COAL." SOMEWHERE OTHER THAN COAL.

" WIND FARMS HAVE BEEN THE MAIN WIND FARMS HAVE BEEN THE MAIN DRIVER OF GROWTH IN THE DRIVER OF GROWTH IN THE RENEWABLE ENERGY SECTOR, RENEWABLE ENERGY SECTOR, MAKING UP ABOUT HALF OF ALL MAKING UP ABOUT HALF OF ALL ALTERNATIVE ENERGY IN INDIANA ALTERNATIVE ENERGY IN INDIANA LARGE-SCALE WIND FARMS ARRIVED LARGE-SCALE WIND FARMS ARRIVED IN INDIANA IN 2007. IN INDIANA IN 2007. THERE ARE NOW FOUR IN THE THERE ARE NOW FOUR IN THE STATE THE RECENT IS THE STATE THE RECENT IS THE 17-THOUSAND ACRE WILDCAT 17-THOUSAND ACRE WILDCAT WIND FARM IN TIPTON AND MADISON WIND FARM IN TIPTON AND MADISON COUNTIES AND THE TEXAS-BASED COUNTIES AND THE TEXAS-BASED DEVELOPER E.ON PLANS TO DEVELOPER E.ON PLANS TO EXPAND IT TO HOWARD AND GRANT EXPAND IT TO HOWARD AND GRANT COUNTIES. COUNTIES.

WHILE THERE ARE OBVIOUS BENEFITS WHILE THERE ARE OBVIOUS BENEFITS FROM AN ECONOMIC STANDPOINT, FROM AN ECONOMIC STANDPOINT, RENEWABLE ENERGY RENEWABLE ENERGY PROJECTS LIKE THESE AREN'T PROJECTS LIKE THESE AREN'T ALWAYS AN EASY SELL. ALWAYS AN EASY SELL. AT A RECENT HOWARD COUNTY AT A RECENT HOWARD COUNTY COMMISSIONERS COMMISSIONERS MEETING, RESIDENT AFTER RESIDENT MEETING, RESIDENT AFTER RESIDENT STOOD UP TO STOOD UP TO SPEAK AGAINST LETTING THE WIND SPEAK AGAINST LETTING THE WIND TURBINES BE TURBINES BE PLACED NEAR THEIR HOMES. MANY PLACED NEAR THEIR HOMES. MANY FEAR THE WIND FEAR THE WIND TURBINES HAVE NEGATIVE TURBINES HAVE NEGATIVE ENVIRONMENTAL AFFECTS ENVIRONMENTAL AFFECTS SUCH AS KILLING BATS AND THEY SUCH AS KILLING BATS AND THEY COULD REDUCE PROPERTY VALUES.

COULD REDUCE PROPERTY VALUES. LAURA DICARLO, HOWARD COUNTY LAURA DICARLO, HOWARD COUNTY RESIDENT "IT WILL MOST RESIDENT "IT WILL MOST DEFINITELY REDUCE THE POOL OF DEFINITELY REDUCE THE POOL OF BUYERS THAT WILL CHOOSE TO LIVE BUYERS THAT WILL CHOOSE TO LIVE IN A HOME NEAR THESE PROJECTS. IN A HOME NEAR THESE PROJECTS. AND THERE'S A MYRIAD OF AND THERE'S A MYRIAD OF REASONS FOR THAT. REASONS FOR THAT. SOME PEOPLE SIMPLY DON'T SOME PEOPLE SIMPLY DON'T WANT TO LOOK AT THEM. MOST WANT TO LOOK AT THEM. MOST PEOPLE IT'S MORE OF PEOPLE IT'S MORE OF A POTENTIAL FOR HEALTH EFFECTS. A POTENTIAL FOR HEALTH EFFECTS. THERE'S ALSO THE CONSTANT NOISE THERE'S ALSO THE CONSTANT NOISE THE TURBINES PRODUCE AND SOME THE TURBINES PRODUCE AND SOME RESIDENTS HAVE EXPERIENCED RESIDENTS HAVE EXPERIENCED DISRUPTIONS WITH TELEVISION AND DISRUPTIONS WITH TELEVISION AND CELL PHONE SERVICES.

CELL PHONE SERVICES. OPPOSITION GROUPS LIKE THE ONE OPPOSITION GROUPS LIKE THE ONE IN HOWARD COUNTY CAN BE IN HOWARD COUNTY CAN BE DETRIMENTAL TO INDIVIDUAL DETRIMENTAL TO INDIVIDUAL ENERGY PROJECTS. PLANS FOR A ENERGY PROJECTS. PLANS FOR A WIND FARM NEAR WIND FARM NEAR LEBANON WAS ABANDONED A FEW LEBANON WAS ABANDONED A FEW YEARS AGO BECAUSE RESIDENTS YEARS AGO BECAUSE RESIDENTS THERE WERE OPPOSED TO THE THERE WERE OPPOSED TO THE PROJECT. PROJECT. BUT GOTHAM SAYS THESE HURDLES BUT GOTHAM SAYS THESE HURDLES ARE STILL SMALL WHEN COMPARED TO ARE STILL SMALL WHEN COMPARED TO THE STATE'S FUTURE.

THE STATE'S FUTURE. "I THINK IT DOES LIMIT IT "I THINK IT DOES LIMIT IT SOMEWHAT TO THE PARTS SOMEWHAT TO THE PARTS OF THE STATE THAT ARE LESS OF THE STATE THAT ARE LESS POPULATED BUT THOSE POPULATED BUT THOSE ALSO TEND TO BE THE BETTER WIND ALSO TEND TO BE THE BETTER WIND RESOURCES RESOURCES ANYWAY. IT MAY HAVE A SERIOUS ANYWAY. IT MAY HAVE A SERIOUS EFFECT ON AN INDIVIDUAL PROJECT EFFECT ON AN INDIVIDUAL PROJECT THAT'S TRYING TO BE THAT'S TRYING TO BE DEVELOPED, BUT I THINK OVERALL DEVELOPED, BUT I THINK OVERALL THE EFFECT IS NOT THE EFFECT IS NOT THAT SIGNIFICANT." THAT SIGNIFICANT." AND THERE ARE MANY OTHER AND THERE ARE MANY OTHER RENEWABLE ENERGY RENEWABLE ENERGY PROJECTS IN INDIANA.

THE PROJECTS IN INDIANA. THE INDIANAPOLIS INDIANAPOLIS AIPORT IS BUILDING WHAT WILL BE AIPORT IS BUILDING WHAT WILL BE THE LARGEST WIND FARM IN NORTH THE LARGEST WIND FARM IN NORTH AMERICA. IT'S MADE UP OF 44,0000 AMERICA. IT'S MADE UP OF 44,0000 SOLAR PANELS AND WILL SOLAR PANELS AND WILL GENERATE ENOUGH ENERGY TO POWER GENERATE ENOUGH ENERGY TO POWER 2,000 HOMES. 2,000 HOMES. KURT SCHNEIDER, VICE PRESIDENT, KURT SCHNEIDER, VICE PRESIDENT, JOHNSON JOHNSON MELLOH SOLUTIONS "THE AIRPORT MELLOH SOLUTIONS "THE AIRPORT HAD LAND THEY COULDN'T REALLY HAD LAND THEY COULDN'T REALLY USE BECAUSE IT WAS RIGHT ABOVE A USE BECAUSE IT WAS RIGHT ABOVE A RUNWAY AND 15 FEET IS THE HEIGHT RUNWAY AND 15 FEET IS THE HEIGHT RESTRICTION- SO THEY WERE ONLY RESTRICTION- SO THEY WERE ONLY DOING HAY AT THE PERMANENT DOING HAY AT THE PERMANENT TIME," SCHNEIDER TIME," SCHNEIDER SAYS.

"SO THE AIRPORT GETS A SAYS. "SO THE AIRPORT GETS A LONG-TERM LEASE LONG-TERM LEASE OPTION FOR 30 YEARS ON THE OPTION FOR 30 YEARS ON THE PROPERTY, WE WIN PROPERTY, WE WIN BECAUSE WE DEVELOP JOBS AND BECAUSE WE DEVELOP JOBS AND ECONOMIC IMPACT ECONOMIC IMPACT AND ALSO THE TAXPAYER WINS AS AND ALSO THE TAXPAYER WINS AS WELL BECAUSE THERE'S TAX THAT WELL BECAUSE THERE'S TAX THAT WILL COME OFF THE ROLL OF THE WILL COME OFF THE ROLL OF THE ACTUAL LAND AND HAVE TO BE PAID ACTUAL LAND AND HAVE TO BE PAID DURING THE PROJECT." DURING THE PROJECT." THERE ARE ALSO LESSER KNOWN THERE ARE ALSO LESSER KNOWN PROJECTS THAT ARE PROJECTS THAT ARE GOING ON IN THE STATE.

GOING ON IN THE STATE. RESEARCHERS ARE WORKING RESEARCHERS ARE WORKING TO CREATE ENERGY OUT OF WASTE AT TO CREATE ENERGY OUT OF WASTE AT LANDFILLS, CAPTURE THERMAL LANDFILLS, CAPTURE THERMAL ENERGY AND PRODUCE BIOFUEL ENERGY AND PRODUCE BIOFUEL CROPS THAT CAN BE TURNED INTO CROPS THAT CAN BE TURNED INTO ETHANOL AND ETHANOL AND OTHER ENERGY SOURCES." OTHER ENERGY SOURCES." WE'RE JOINED IN THE STUDIO WE'RE JOINED IN THE STUDIO TONIGHT BY TONIGHT BY PETER SCHUBERT, THE DIRECTOR OF PETER SCHUBERT, THE DIRECTOR OF THE LUGAR CENTER FOR RENEWABLE E THE LUGAR CENTER FOR RENEWABLE E ENERGY, ENERGY, LAURA ANN ARNOLD, THE PRESIDENT LAURA ANN ARNOLD, THE PRESIDENT OF OF THE INDIANA DISTRIBUTED ENERGY THE INDIANA DISTRIBUTED ENERGY ALLIANCE AND NICK MELLOH, THE ALLIANCE AND NICK MELLOH, THE PRESIDENT OF JOHNSON-MELLOH INC. PRESIDENT OF JOHNSON-MELLOH INC.

THANKS TO YOU ALL FOR BEING THANKS TO YOU ALL FOR BEING HERE. HERE. WE HAVE AN INDUSTRIAL ASSESSMENT WE HAVE AN INDUSTRIAL ASSESSMENT CENTER THAT PROVIDES AT NO CENTER THAT PROVIDES AT NO CHARGE AN ASSESSMENT OF ENERGY CHARGE AN ASSESSMENT OF ENERGY FOUCIOUS FOR SMALL TO MEDIUM FOUCIOUS FOR SMALL TO MEDIUM SIZE ENTERPRISES. SIZE ENTERPRISES. THIS ADDRESS THE MEGAWATTS OF THIS ADDRESS THE MEGAWATTS OF BEING ABLE TO AVOID THE NEED FOR BEING ABLE TO AVOID THE NEED FOR ADDITIONAL ENERGY. ADDITIONAL ENERGY. AND ALLOWS US TO INCREASE THE AND ALLOWS US TO INCREASE THE AMOUNT OF RENEWABLES THAT WE AMOUNT OF RENEWABLES THAT WE USE. USE. >> WE HEARD A LOT ABOUT THE >> WE HEARD A LOT ABOUT THE SOLAR PANEL FARM AT SOLAR PANEL FARM AT INDIANAPOLIS.

INDIANAPOLIS. >> NICK THAT'S YOUR COMPANY >> NICK THAT'S YOUR COMPANY THAT'S DOING THAT. THAT'S DOING THAT. HOW IS THE ENERGY GOING TO GO HOW IS THE ENERGY GOING TO GO FROM THE AIRPORT TO POWERING ALL FROM THE AIRPORT TO POWERING ALL OF THESE HOMES? OF THESE HOMES? >> THE POWER PRODUCED FROM THE >> THE POWER PRODUCED FROM THE ACTUAL SOLAR PLANT IS ACTUAL SOLAR PLANT IS INTERCONNECTED WITH THE INTERCONNECTED WITH THE INDIANAPOLIS POWER LIFE LINES INDIANAPOLIS POWER LIFE LINES AND THE SOURCE OF ELECTRICITY IS AND THE SOURCE OF ELECTRICITY IS GOING TO FLOW WHEREVER IT NEEDS. GOING TO FLOW WHEREVER IT NEEDS. IT'S MOST LIKELY GOING TO FLOW IT'S MOST LIKELY GOING TO FLOW BACK TO THE AIRPORT.

BACK TO THE AIRPORT. IF THERE WAS AN OVERPRODUCTION IF THERE WAS AN OVERPRODUCTION TYPE OF SITUATION IT WOULD BACK TYPE OF SITUATION IT WOULD BACK FEED THE GRID, AND MAKES ITS WAY FEED THE GRID, AND MAKES ITS WAY BACK TO THE HOMES AND AIRPORT. BACK TO THE HOMES AND AIRPORT. >> BUT THE AIRPORT IS JUST >> BUT THE AIRPORT IS JUST LEASING THE LAND. LEASING THE LAND. >> THAT'S CORRECT. >> THAT'S CORRECT. THEIR SOURCE OF REVENUE IS FROM THEIR SOURCE OF REVENUE IS FROM THE LEASE. THE LEASE. >> OKAY. >> OKAY. AS WE'RE TALKING ABOUT SOME OF AS WE'RE TALKING ABOUT SOME OF THESE PROJECTS OF ARE UNDER WAY THESE PROJECTS OF ARE UNDER WAY IN INDIANA. IN INDIANA. SOME OF THE THINGS THAT YOU WERE SOME OF THE THINGS THAT YOU WERE TALKING ABOUT PETER HOW DO WE TALKING ABOUT PETER HOW DO WE GET THOSE FROM IDEA TO SOMETHING GET THOSE FROM IDEA TO SOMETHING THAT PEOPLE ARE USING OUT IN THE THAT PEOPLE ARE USING OUT IN THE FIELD.

FIELD. SOME OF THE RESEARCH WITH THE SOME OF THE RESEARCH WITH THE BIOMASS. BIOMASS. >> AND A LOT OF THE WORK WE DO >> AND A LOT OF THE WORK WE DO IS TRYING TO ADDRESS REDUCE THE IS TRYING TO ADDRESS REDUCE THE COST OF PURCHASING THE EQUIPMENT COST OF PURCHASING THE EQUIPMENT YOU NEED AS WELL AS REDUCING THE YOU NEED AS WELL AS REDUCING THE COST OF OPERATIONS. COST OF OPERATIONS. BECAUSE WE HAVE VERY LOW PRICES BECAUSE WE HAVE VERY LOW PRICES FOR ENERGY IN OUR STATE. FOR ENERGY IN OUR STATE. ONE CONSIDERATION FOR THAT, THAT ONE CONSIDERATION FOR THAT, THAT MANY OF OUR TRADITIONAL SOURCES MANY OF OUR TRADITIONAL SOURCES OF ENERGY HAVE CERTAIN EXTERNAL OF ENERGY HAVE CERTAIN EXTERNAL COSTS. COSTS.

THAT'S A CHALLENGE THAT WE FACE THAT'S A CHALLENGE THAT WE FACE IN THE STATE IN MAKING A LEVEL IN THE STATE IN MAKING A LEVEL PLAYING FIELD FOR NEW AND PLAYING FIELD FOR NEW AND ALTERNATIVE TECHNOLOGIES. ALTERNATIVE TECHNOLOGIES. >> COST TO SOCIETY. >> COST TO SOCIETY. WHAT DO YOU MEAN BY THAT WHAT DO YOU MEAN BY THAT >> SUCH AS? >> SUCH AS? >> FROM THE PRESIDENT'S SPEECH >> FROM THE PRESIDENT'S SPEECH FROM GEORGETOWN UNIVERSITY FROM GEORGETOWN UNIVERSITY EARLIER THIS WEEK RIGHT NOW OUR EARLIER THIS WEEK RIGHT NOW OUR ENERGY PRODUCTION IS PUTTING ENERGY PRODUCTION IS PUTTING HUGE AMOUNTS OF THE CCARBON IN HUGE AMOUNTS OF THE CCARBON IN ATMOSPHERE. ATMOSPHERE.

AND IT'S GOT TO STOP. AND IT'S GOT TO STOP. CARBON IS A BIG ONE. CARBON IS A BIG ONE. THE METALS ARE FROM THE COAL THE METALS ARE FROM THE COAL FIRED POWER PLANTS. FIRED POWER PLANTS. THOSE AFFECT OUR HEALTH, SCP AN THOSE AFFECT OUR HEALTH, SCP AN NEUROLOGICAL PROBLEMS AS WELL. NEUROLOGICAL PROBLEMS AS WELL. >> THOSE ARE COSTS TO SOCIETY >> THOSE ARE COSTS TO SOCIETY WHICH ARE NOT INCLUDED IN OUR WHICH ARE NOT INCLUDED IN OUR ENERGY BILLS. ENERGY BILLS. >> LAURA I WANT TO GET YOU >> LAURA I WANT TO GET YOU INVOLVED IN THAT CONVERSATION ON INVOLVED IN THAT CONVERSATION ON THAT NOTE.

THAT NOTE. >> WE'RE ONE OF THE TOP 10 COAL >> WE'RE ONE OF THE TOP 10 COAL PRODUCING STATES. PRODUCING STATES. >> AND HOW DO YOU SELL THIS IDEA >> AND HOW DO YOU SELL THIS IDEA OF RENEWABLE ENERGY. OF RENEWABLE ENERGY. >> ONE OF THE UNIQUE ASPECTS OF >> ONE OF THE UNIQUE ASPECTS OF WHAT'S BEEN HAPPENING HERE IN WHAT'S BEEN HAPPENING HERE IN INDIANA IS THAT WE'VE HAD TWO IN INDIANA IS THAT WE'VE HAD TWO IN VINVESTIGATE TER UTILITIES THAT VINVESTIGATE TER UTILITIES THAT HAVE VOLUNTARILY IMPLEMENTED HAVE VOLUNTARILY IMPLEMENTED WHAT WE CALL A FEED IN TARIFF. WHAT WE CALL A FEED IN TARIFF.

THE PROJECT THAT NICK'S COMPANY THE PROJECT THAT NICK'S COMPANY HAS BEEN DOING WITH THE HAS BEEN DOING WITH THE INDIANAPOLIS AIRPORT IS JUST ONE INDIANAPOLIS AIRPORT IS JUST ONE OF SEVERAL PROJECTS THAT WILL BE OF SEVERAL PROJECTS THAT WILL BE GOING ON IN INDIANAPOLIS FOR GOING ON IN INDIANAPOLIS FOR POTENTIALLY UP TO A 100 POTENTIALLY UP TO A 100 MEGAWATTS. MEGAWATTS. THIS WAS A VOLUNTARILY PROGRAM. THIS WAS A VOLUNTARILY PROGRAM. WITH THE NORTHERN INDIANA POWER WITH THE NORTHERN INDIANA POWER SERVICE COMPANY. SERVICE COMPANY. BIOMASS THAT YOU WERE ASKING BIOMASS THAT YOU WERE ASKING PETER ABOUT, THERE HAVE BEEN A PETER ABOUT, THERE HAVE BEEN A NUMBER OF PROJECTS USING AN NUMBER OF PROJECTS USING AN ROBIC DIE JESTERS SO AN ROBIC DIE JESTERS SO AN COMMERCIAL AGRICULTURAL LIKE COMMERCIAL AGRICULTURAL LIKE CULVER DUCK FARM IS ABLE TO TAKE CULVER DUCK FARM IS ABLE TO TAKE ALL OF THE WASTE PRODUCTS FROM ALL OF THE WASTE PRODUCTS FROM THAT OPERATION, AND PUT IN AN AN THAT OPERATION, AND PUT IN AN AN ROBIC DIE JESTER, SAND PUT THAT ROBIC DIE JESTER, SAND PUT THAT BACK INTO THE GRI BACK INTO THE GRI BACK INTO THE GRID.

BACK INTO THE GRID. BIOMASS IS ONE OF THEM. BIOMASS IS ONE OF THEM. HYDROELECTRIC ENERGY. HYDROELECTRIC ENERGY. IT SEEMS LIKE ALL OF THEM HAVE IT SEEMS LIKE ALL OF THEM HAVE SOME SORT OF LIMITATION ATTACHED SOME SORT OF LIMITATION ATTACHED TO THEM THOUGH. TO THEM THOUGH. HOW DO WE OVERCOME THAT? HOW DO WE OVERCOME THAT? I'LL OPEN THAT ONE UP TO THE I'LL OPEN THAT ONE UP TO THE PANEL. PANEL. >> ENERGY STORAGE TECHNOLOGY IS >> ENERGY STORAGE TECHNOLOGY IS WHERE WE NEED TO GO. WHERE WE NEED TO GO. WE NEED TO BE ABLE TO STORE THE WE NEED TO BE ABLE TO STORE THE ENERGY. ENERGY. THE WIND TURBINES PRODUCE WHEN THE WIND TURBINES PRODUCE WHEN WE DON'T NEED IT.

WE DON'T NEED IT. >> SAME THING FOR SOLAR A LOT OF >> SAME THING FOR SOLAR A LOT OF POWER FROM SOLAR FROM A MODERATE POWER FROM SOLAR FROM A MODERATE DAY. DAY. AND ENERGY STORAGE IS WHERE WE AND ENERGY STORAGE IS WHERE WE COULD TURN THAT ON AT ANY TIME. COULD TURN THAT ON AT ANY TIME. AND HARNESS THE ENERGY WE'VE AND HARNESS THE ENERGY WE'VE PRODUCED. PRODUCED. >> AND ANOTHER FORM OF ENERGY IS >> AND ANOTHER FORM OF ENERGY IS G G GEOTHERMAL. GEOTHERMAL. IT'S NOT THE GEO THERMTHERMAL T IT'S NOT THE GEO THERMTHERMAL T THINK OF IN TERMS OF GEYSERS.

THINK OF IN TERMS OF GEYSERS. AND ANOTHER UNIVERSITY UP THERE AND ANOTHER UNIVERSITY UP THERE INMAN SEE BALL STATE UNIVERSITY INMAN SEE BALL STATE UNIVERSITY IS GOING TO BE ONE OF THE IS GOING TO BE ONE OF THE LARGEST GEOTHERMAL SYSTEMS LARGEST GEOTHERMAL SYSTEMS PRETTY MUCH AROUND IN THE PRETTY MUCH AROUND IN THE COUNTRY. COUNTRY. AND SO THAT'S HELPING TO PROVIDE AND SO THAT'S HELPING TO PROVIDE THE HEATING AND COOLING LOAD. THE HEATING AND COOLING LOAD. >> GEO THERMTHERMAL, IS IT NOT >> GEO THERMTHERMAL, IS IT NOT AVAILABLE EVERYWHERE. AVAILABLE EVERYWHERE. >> ARE LIMITATION WHERE YOU CAN >> ARE LIMITATION WHERE YOU CAN DO THE DRILLING? DO THE DRILLING? >> THERE CAN BE.

>> THERE CAN BE. LET'S PUT IT THIS WAY, THE LET'S PUT IT THIS WAY, THE LIMITATIONS ARE IN GENERAL LIMITATIONS ARE IN GENERAL ECONOMIC WITH RESPECT TO HOW ECONOMIC WITH RESPECT TO HOW MUCH LAND YOU HAVE. MUCH LAND YOU HAVE. WHETHER OR NOT YOU'RE TRYING TO WHETHER OR NOT YOU'RE TRYING TO USE AN OPEN LOOP WHERE YOU HAVE USE AN OPEN LOOP WHERE YOU HAVE A BODY OF WATER OR A POND. A BODY OF WATER OR A POND. WHETHER YOU'RE USING CLOSIED LOP WHETHER YOU'RE USING CLOSIED LOP OR WHETHER YOU'RE USING SOME OR WHETHER YOU'RE USING SOME OTHER SORT OF SYSTEM. OTHER SORT OF SYSTEM. THERE ARE LIMITATIONS TO EACH OF THERE ARE LIMITATIONS TO EACH OF THESE WHICH IS ONE OF THE THESE WHICH IS ONE OF THE REASONS GROUPS LIKE OURS ARE REASONS GROUPS LIKE OURS ARE TRYING TO ADVOCATE DIFFERENT TRYING TO ADVOCATE DIFFERENT POLICIES IN THE STATE OF POLICIES IN THE STATE OF INDIANA.

INDIANA. I JUST PARTICIPATED IN A WEBINAR I JUST PARTICIPATED IN A WEBINAR WHERE WE TALKED ABOUT SHARED WHERE WE TALKED ABOUT SHARED RENEWABLES. RENEWABLES. HOW PEOPLE TOGETHER IN A HOW PEOPLE TOGETHER IN A COMMUNITY THAT LET'S SAY A COMMUNITY THAT LET'S SAY A NEIGHBORHOOD, MAYBE ONE PERSON NEIGHBORHOOD, MAYBE ONE PERSON HAS THE ROOF SPACE FOR SOLAR HAS THE ROOF SPACE FOR SOLAR PANELS. PANELS. AND ANOTHER PERSON LIVES IN A AND ANOTHER PERSON LIVES IN A CONDO BUILDING ON THE SECOND CONDO BUILDING ON THE SECOND FLOOR. FLOOR.

WE NEED TO SAVE AND OUR STATE WE NEED TO SAVE AND OUR STATE GOVERNMENT NEED TO LOOK AT THESE GOVERNMENT NEED TO LOOK AT THESE CREATIVE MECHANISMS. CREATIVE MECHANISMS. >> HOW DOES INDIANA RANK OR HOW >> HOW DOES INDIANA RANK OR HOW DOES IT COMPARE TO OTHER STATES DOES IT COMPARE TO OTHER STATES IN TERMS OF IT'S RENEWABLE IN TERMS OF IT'S RENEWABLE ENERGY THE RESOURCES IT'S ENERGY THE RESOURCES IT'S PUTTING INTO IT? PUTTING INTO IT? AND WE HAVE A COUPLE OF THE AND WE HAVE A COUPLE OF THE UTILITIES. UTILITIES. >> I'M SORRY A PORTFOLIO >> I'M SORRY A PORTFOLIO STANDARD.

STANDARD. YOU MIGHT HAVE. YOU MIGHT HAVE. RENEWABLE PORTFOLIO STANDARD RENEWABLE PORTFOLIO STANDARD WHERE A STATE WE WANT A CERTAIN WHERE A STATE WE WANT A CERTAIN PERCENTAGE OF OUR ENERGY TO COME PERCENTAGE OF OUR ENERGY TO COME FROM RENEWABLE. FROM RENEWABLE. >> 20% BY 2025. >> 20% BY 2025. IOWA HAS BEEN ONE OF THE LEADERS IOWA HAS BEEN ONE OF THE LEADERS IN THAT. IN THAT. THEY'RE NOW GETTING 25% OF THEIR THEY'RE NOW GETTING 25% OF THEIR ELECTRIC POWER FROM WIND. ELECTRIC POWER FROM WIND. INDIANA IS BETTER THAN SOME INDIANA IS BETTER THAN SOME OTHER STATES.

OTHER STATES. IF YOU LOOK AT "FORBES" THEY IF YOU LOOK AT "FORBES" THEY LIST THE GREENEST STATES AND LIST THE GREENEST STATES AND INDIANA RANKS SECOND TO LAST. INDIANA RANKS SECOND TO LAST. >> AND YOUR QUESTION HOW DO WE >> AND YOUR QUESTION HOW DO WE GET MORE AND MR. GOTHAM EARLIER GET MORE AND MR. GOTHAM EARLIER HE POINTED OUT PERFECTLY HOW DO HE POINTED OUT PERFECTLY HOW DO YOU CONVINCE PERSON THIS IS YOU CONVINCE PERSON THIS IS NOTHING MORE THAN A DIVER NOTHING MORE THAN A DIVER DIVERSIFICATION HEDGE. DIVERSIFICATION HEDGE. WITH A 85% TO 95% COAL FIRED WITH A 85% TO 95% COAL FIRED PLANT. PLANT. AND OTHER THINGS. AND OTHER THINGS. SO IT'S DISAPPOINTING THAT WE SO IT'S DISAPPOINTING THAT WE HAVEN'T BEEN A LITTLE BIT MORE HAVEN'T BEEN A LITTLE BIT MORE FORWARD THINKING IN SEEING THAT FORWARD THINKING IN SEEING THAT THIS DAY WAS GOING TO COME.

THIS DAY WAS GOING TO COME. HIS FORECASTS ARE SAYING CLOSE HIS FORECASTS ARE SAYING CLOSE TO 40% IN ELECTRIC GRIDS WITHIN TO 40% IN ELECTRIC GRIDS WITHIN THE NEXT SEVEN YEARS. THE NEXT SEVEN YEARS. SO I MEAN, A LITTLE BIT OF SO I MEAN, A LITTLE BIT OF DIVERSIFICATION WHEN TIMES WERE DIVERSIFICATION WHEN TIMES WERE GOOD. GOOD. INDIANA FOR YEARS HAS TOUTED INDIANA FOR YEARS HAS TOUTED THAT WE'RE LOW COST POWER TO THAT WE'RE LOW COST POWER TO ATTRACT COMPANIES AND ATTRACT COMPANIES AND BUSINESSES. BUSINESSES. I'M NOT SURE WHAT WE DID TO D I'M NOT SURE WHAT WE DID TO D DESERVE EXCEPT BEING IN THE DESERVE EXCEPT BEING IN THE MIDDLE OF THE COAL COUNTRY. MIDDLE OF THE COAL COUNTRY. >> I DON'T THINK WE SAW HAD >> I DON'T THINK WE SAW HAD ENOUGH FORESIGHT MAYBE WE SHOULD ENOUGH FORESIGHT MAYBE WE SHOULD BE DIVERSIFYING OUR PORTFOLIO A BE DIVERSIFYING OUR PORTFOLIO A LITTLE BIT.

LITTLE BIT. AND WE'RE NOT GOING TO FEND IT AND WE'RE NOT GOING TO FEND IT OFF. OFF. >> I THINK THAT'S EXACTLY WHAT'S >> I THINK THAT'S EXACTLY WHAT'S GOING TO HAPPEN. GOING TO HAPPEN. >> HASN'T THAT BEEN ONE OF THE >> HASN'T THAT BEEN ONE OF THE MAIN ARGUMENTS. MAIN ARGUMENTS. >> EXACTLY. >> EXACTLY. >> OUR UTILITY RATES ARE ALREADY >> OUR UTILITY RATES ARE ALREADY LOW. LOW. >> ON THE OTHER HAND, AFTER THE >> ON THE OTHER HAND, AFTER THE PRESIDENT'S SPEECH I THINK PRESIDENT'S SPEECH I THINK SOMETIMES HERE IN INDIANA WE SOMETIMES HERE IN INDIANA WE LOOK AT THE GLASS AND WE SEE LOOK AT THE GLASS AND WE SEE IT'S HALF EMPTY INSTEAD OF HALF IT'S HALF EMPTY INSTEAD OF HALF FULL.

FULL. WE SHOULD BE LOOKING AT THE WE SHOULD BE LOOKING AT THE OPPORTUNITY FOR INDIANA WITH THE OPPORTUNITY FOR INDIANA WITH THE MANUFACTURING BASE WE HAVE, WITH MANUFACTURING BASE WE HAVE, WITH THE KINDS OF SKILLED WORK FORCE THE KINDS OF SKILLED WORK FORCE WE SHOULDN'T BE JUST BE LOOKING WE SHOULDN'T BE JUST BE LOOKING AT RENEWABLE ENERGY DEPLOYED WE AT RENEWABLE ENERGY DEPLOYED WE SHOULD BE LOOKING AT SHOULD BE LOOKING AT OPPORTUNITIES FOR NEW RENEWABLE OPPORTUNITIES FOR NEW RENEWABLE MANUFACTURING. MANUFACTURING. AND WE ARE VERY WELL POSITIONED AND WE ARE VERY WELL POSITIONED TO THAT. TO THAT. AND THE ECONOMIC BENEFITS OF AND THE ECONOMIC BENEFITS OF GETTING ON BOARD AND TRYING TO GETTING ON BOARD AND TRYING TO HELP WITH THAT TRANSITION, NOT HELP WITH THAT TRANSITION, NOT JUST INSTALLING THE EQUIPMENT, JUST INSTALLING THE EQUIPMENT, BUT MANUFACTURING IT, AND DOING BUT MANUFACTURING IT, AND DOING THE KINDS OF RESEARCH THAT PETER THE KINDS OF RESEARCH THAT PETER AND HIS FOLKS ARE DOING THERE AT AND HIS FOLKS ARE DOING THERE AT THE LUGAR CENTER, THAT IS WHAT THE LUGAR CENTER, THAT IS WHAT WILL BE BRING LONG LASTING WILL BE BRING LONG LASTING ENERGY TO OUR STATE.

ENERGY TO OUR STATE. >> AMEN TO THAT. >> AMEN TO THAT. IF YOU LOOK AT THE FEED IN IF YOU LOOK AT THE FEED IN TARIFF THEY OFFERED JUST THE TARIFF THEY OFFERED JUST THE SCIENCE OF REAL BASIC FINANCIALS SCIENCE OF REAL BASIC FINANCIALS WHAT WE KNOW TO BE TRUE. WHAT WE KNOW TO BE TRUE. YOU'RE LOOKING AT $300 MILLION YOU'RE LOOKING AT $300 MILLION WORTH OF CONSTRUCTION PROJECTS WORTH OF CONSTRUCTION PROJECTS IN INDIANAPOLIS IF ALL THOSE IN INDIANAPOLIS IF ALL THOSE PROJECTS GET BUILT OUT. PROJECTS GET BUILT OUT. PEOPLE GET REAL EXCITED ABOUT PEOPLE GET REAL EXCITED ABOUT LUCAS OIL STADIUM, AND I LOVE LUCAS OIL STADIUM, AND I LOVE THE COLTS, BUT THIS IS SOMETHING THE COLTS, BUT THIS IS SOMETHING THAT COULD GENERATE JOBS FOR A THAT COULD GENERATE JOBS FOR A LONG, LONG TIME, AND THERE'S LONG, LONG TIME, AND THERE'S ONGOING MAINTENANCE AND ONGOING MAINTENANCE AND OPERATIONS JOB.

OPERATIONS JOB. IT STIMULATES THE LOCAL BANKING IT STIMULATES THE LOCAL BANKING ECONOMY. ECONOMY. CONSTRUCTION JOB. CONSTRUCTION JOB. IT IS A TRUE DOMINO AFFECT. IT IS A TRUE DOMINO AFFECT. I'VE LIVED IT. I'VE LIVED IT. AND BEING ABLE TO DEVELOP THESE AND BEING ABLE TO DEVELOP THESE PROJECTS. PROJECTS. AND I'VE GOT TO ASK THE FOLKS AND I'VE GOT TO ASK THE FOLKS THAT WORK IN THE COAL INDUSTRY. THAT WORK IN THE COAL INDUSTRY. I DON'T HAVE THE NUMBER IN FRONT I DON'T HAVE THE NUMBER IN FRONT OF ME. OF ME. >> 2,500. >> 2,500. 2,500 PEOPLE IN THE STATE. 2,500 PEOPLE IN THE STATE.

WHAT HAPPENED NO THOSE FOLKS? WHAT HAPPENED NO THOSE FOLKS? >> YEAH, THAT'S A TOUGH ONE. >> YEAH, THAT'S A TOUGH ONE. IT REALLY IS, AND I DON'T KNOW IT REALLY IS, AND I DON'T KNOW IF THERE'S A MAGICAL WAVE OUR IF THERE'S A MAGICAL WAVE OUR WAND AND THAT'S GOING TO BE WAND AND THAT'S GOING TO BE OKAY. OKAY. I THINK A LOT OF IT IS GOING TO I THINK A LOT OF IT IS GOING TO RAU RE-STRANGE PEOPLE. RAU RE-STRANGE PEOPLE. THERE'S GOING TO BE PEOPLE THAT THERE'S GOING TO BE PEOPLE THAT INSTALL THESE PROJECTS IN INSTALL THESE PROJECTS IN INDIANA IN OUR CASE, YOU KNOW INDIANA IN OUR CASE, YOU KNOW UNFORTUNATELY YOU'RE HAVING TO UNFORTUNATELY YOU'RE HAVING TO LOOK WHERE THE EXPERIENCE AND LOOK WHERE THE EXPERIENCE AND IT'S NOT IN INDIANA. IT'S NOT IN INDIANA. THERE'S SOME OUT OF STATE THERE'S SOME OUT OF STATE CONTRACTORS THAT ARE CONTRACTORS THAT ARE PARTICIPATING IN THESE JOBS.

PARTICIPATING IN THESE JOBS. THOSE JOBS SOME OF THEM ARE THOSE JOBS SOME OF THEM ARE GOING TO BE RETRAINED. GOING TO BE RETRAINED. SOME OF THEM ARE UNFORTUNATELY, SOME OF THEM ARE UNFORTUNATELY, IT'S PROBABLY GOING TO COME TO IT'S PROBABLY GOING TO COME TO AN END UNLESS THERE'S SOME WAY AN END UNLESS THERE'S SOME WAY CLEAN COAL CAN WORK IN THE CLEAN COAL CAN WORK IN THE FUTURE. FUTURE. BUT I HAVEN'T GIVEN UP HOPE ON. BUT I HAVEN'T GIVEN UP HOPE ON. MY BROTHER-IN-LAW HAPPENS TO BE MY BROTHER-IN-LAW HAPPENS TO BE ONE OF THOSE GUYS. ONE OF THOSE GUYS. I HOPE FOR HIS SAKE AND I HOPE FOR HIS SAKE AND EVERYONE'S THERE'S SOMETHING OUT EVERYONE'S THERE'S SOMETHING OUT THERE THAT THE CLEAN COAL THERE THAT THE CLEAN COAL TECHNOLOGY THAT TAKES HOLD, AND TECHNOLOGY THAT TAKES HOLD, AND WE CAN CONTINUE TO USE THE COAL WE CAN CONTINUE TO USE THE COAL IN INDIANA.

IN INDIANA. >> WILL RENEWABLE ENERGY EVER >> WILL RENEWABLE ENERGY EVER REPLACE TRADITIONAL ENERGY REPLACE TRADITIONAL ENERGY SOURCES HERE IN INDIANA? SOURCES HERE IN INDIANA? >> >> >>> TO A CERTAIN POINT. >>> TO A CERTAIN POINT. >> HE SAID WE'RE GOING DOING >> HE SAID WE'RE GOING DOING SOME GREAT WORKS IN THE ERST. SOME GREAT WORKS IN THE ERST. WE'VE GOT TO BRIDGE THAT GAP AND WE'VE GOT TO BRIDGE THAT GAP AND GET THAT IN THE MARKETPLACE. GET THAT IN THE MARKETPLACE. >> SENATOR BEVERLY GUARD, HOW >> SENATOR BEVERLY GUARD, HOW CAN WE TAKE UNIVERSITY RESEARCH, CAN WE TAKE UNIVERSITY RESEARCH, AND TURN THAT INTO JUBS AND AND TURN THAT INTO JUBS AND REVENUES FOR THE STATE AND REVENUES FOR THE STATE AND INCREASING THE RENEWABLE ENERGY INCREASING THE RENEWABLE ENERGY WE'VE GOT. WE'VE GOT. WE'RE WORKING ON TECHNOLOGIES WE'RE WORKING ON TECHNOLOGIES THAT WERE WE'RE ALREADY DOING THAT WERE WE'RE ALREADY DOING PITCHES TO INVESTORS TO TURN PITCHES TO INVESTORS TO TURN THESE INTO COMPANIES TO INCREASE THESE INTO COMPANIES TO INCREASE THE AMOUNT OF PRODUCTS WE'VE GOT THE AMOUNT OF PRODUCTS WE'VE GOT RIGHT NOW AS WELL AS THINGS THAT RIGHT NOW AS WELL AS THINGS THAT ARE FIVE YEARS, AND 30 YEARS ARE FIVE YEARS, AND 30 YEARS OUT, AND MARCH THOSE THINGS TO OUT, AND MARCH THOSE THINGS TO THE MARKETPLACE.

THE MARKETPLACE. WE'VE GOT A GROUP OF THE WE'VE GOT A GROUP OF THE ENTREPRENEURS AND RESIDENTS ENTREPRENEURS AND RESIDENTS WHO'RE RETIRED ENGINEERS OR WHO'RE RETIRED ENGINEERS OR WILLING TO WORK WITH THE WILLING TO WORK WITH THE UNIVERSITY TO DEVELOP BUSINESS UNIVERSITY TO DEVELOP BUSINESS PLANS, AND MARKETING ANALYSIS, PLANS, AND MARKETING ANALYSIS, AND GET OUR LEGS UNDER US TO GET AND GET OUR LEGS UNDER US TO GET THE UNIVERSITY RESEARCH, AND THE UNIVERSITY RESEARCH, AND REALLY MAKE THAT DIFFERENCE AND REALLY MAKE THAT DIFFERENCE AND WHERE OUR STATE CAN BE A LEADER WHERE OUR STATE CAN BE A LEADER IN RENEWABLE ENERGY.

IN RENEWABLE ENERGY. >> HOW DO YOU GET TO THE PLACE >> HOW DO YOU GET TO THE PLACE WHERE THIS SORT OF TECHNOLOGY IS WHERE THIS SORT OF TECHNOLOGY IS AFFORDABLE FOR HOMEOWNERS. AFFORDABLE FOR HOMEOWNERS. >> THE PURCHASING OF SOLAR >> THE PURCHASING OF SOLAR PANELS. PANELS. >> ACTUALLY YOU HAVE A TERRIFIC >> ACTUALLY YOU HAVE A TERRIFIC LOCAL GROUP HERE IN BLOOMINGTON LOCAL GROUP HERE IN BLOOMINGTON SOUTHERN INDIANA RENEWABLE SOUTHERN INDIANA RENEWABLE ENERGY NETWORK. ENERGY NETWORK. >> EDUCATING CONSUMERS. >> EDUCATING CONSUMERS. HELPING PEOPLE LIKE SOLAR PB. HELPING PEOPLE LIKE SOLAR PB. SOLAR BARN RAISING. SOLAR BARN RAISING. THE PRICE HAS DEFINITELY DROPPED THE PRICE HAS DEFINITELY DROPPED BUT NATIONALLY IT'S NOT AT ALL BUT NATIONALLY IT'S NOT AT ALL JUST THE PRICE OF THE EQUIPMENT, JUST THE PRICE OF THE EQUIPMENT, THERE ARE THINGS THAT LOCAL THERE ARE THINGS THAT LOCAL GOVERNMENT NEEDS TO DO WITH GOVERNMENT NEEDS TO DO WITH RESPECT TO PERMITTING, AND A RESPECT TO PERMITTING, AND A LICENSE OF PROFESSIONALS TO DO LICENSE OF PROFESSIONALS TO DO THESE KINDS OF INSTALLATIONS.

THESE KINDS OF INSTALLATIONS. WE'VE SEEN THIS A LITTLE OF THIS WE'VE SEEN THIS A LITTLE OF THIS IN THE CITY OF INDIANAPOLIS IN THE CITY OF INDIANAPOLIS WHERE IT WAS NOT PREPARED. WHERE IT WAS NOT PREPARED. THE SONGE AND THE PERMITTING WAS THE SONGE AND THE PERMITTING WAS JUST NOT PREPARED TO DEAL WITH JUST NOT PREPARED TO DEAL WITH THESE KINDS OF SOLAR PV OF THIS THESE KINDS OF SOLAR PV OF THIS ORDER OF MAGNITUDE. ORDER OF MAGNITUDE. THERE ARE A LOT OF DIFFERENT THERE ARE A LOT OF DIFFERENT KINDS OF THINGS THAT NEED TO BE KINDS OF THINGS THAT NEED TO BE DONE. DONE. BUT THE PRICE OF SOLAR HAS BUT THE PRICE OF SOLAR HAS DROPPED DRAMATICALLY, AND WE DROPPED DRAMATICALLY, AND WE NEED TO LOOK AT OTHER KINDS OF NEED TO LOOK AT OTHER KINDS OF INDIVIDUAL FINANCING OPERATIONS, INDIVIDUAL FINANCING OPERATIONS, THINGS LIKE THIRD-PARTY THINGS LIKE THIRD-PARTY FINANCING WHICH NICK YOU AND FINANCING WHICH NICK YOU AND YOUR COMPANY HAVE BEEN VERY YOUR COMPANY HAVE BEEN VERY INTERESTED IN DOING THAT.

INTERESTED IN DOING THAT. THAT ALLOWS A HOMEOWNERS TO NO THAT ALLOWS A HOMEOWNERS TO NO MONEY DOWN AND ALLOW SOMEONE MONEY DOWN AND ALLOW SOMEONE ELSE OWN THE EQUIPMENT, AND HAVE ELSE OWN THE EQUIPMENT, AND HAVE THAT COMPANY THEN ENTER AN THAT COMPANY THEN ENTER AN AGREEMENT TO SELL THAT AGREEMENT TO SELL THAT ELECTRICITY OR HAVE SOME SORT OF ELECTRICITY OR HAVE SOME SORT OF LEASING AGREEMENT. LEASING AGREEMENT. SOME OF THOSE THINGS ARE SOME OF THOSE THINGS ARE PROHIBITED OR EXTREMELY PROHIBITED OR EXTREMELY DIFFICULT UNDER INDIANA STATE DIFFICULT UNDER INDIANA STATE LAW. LAW. SO WE'RE TRYING TO WORK ON SO WE'RE TRYING TO WORK ON REMOVING THOSE KINDS OF REMOVING THOSE KINDS OF BARRIERS. BARRIERS. I TRY TO EXPLAIN TO PEOPLE THIS I TRY TO EXPLAIN TO PEOPLE THIS STUFF DOES WORK.

STUFF DOES WORK. WE CERTAINLY HOPE THAT THE BIG WE CERTAINLY HOPE THAT THE BIG FLASHY PROJECTS AT THE AIRPORT FLASHY PROJECTS AT THE AIRPORT WILL HELP PEOPLE TO SIT UP AND WILL HELP PEOPLE TO SIT UP AND NOTICE. NOTICE. WOW, THIS STUFF CAN WORK HERE, WOW, THIS STUFF CAN WORK HERE, AND I THINK THAT'S BEEN VERY, AND I THINK THAT'S BEEN VERY, VERY IMPORTANT. VERY IMPORTANT. I KNOW IT'S BEEN IMPORTANT IN I KNOW IT'S BEEN IMPORTANT IN NORTHERN INDIANA. NORTHERN INDIANA. YOU'VE GOT PLACES UP IN AMISH YOU'VE GOT PLACES UP IN AMISH COUNTRY WHERE YOU SEE SOLAR COUNTRY WHERE YOU SEE SOLAR PANELS GOING UP ALL OVER THE PANELS GOING UP ALL OVER THE PLACE.

PLACE. >> NICK, DO YOU WORK MUCH WITH >> NICK, DO YOU WORK MUCH WITH INDIVIDUAL CONSUMERS OR ARE YOUR INDIVIDUAL CONSUMERS OR ARE YOUR PROJECTS ON A MUCH LARGER SCALE. PROJECTS ON A MUCH LARGER SCALE. MY STRATEGY WITH MY PARTNER CURT MY STRATEGY WITH MY PARTNER CURT IN LEARNING THIS SOLAR INDUSTRY IN LEARNING THIS SOLAR INDUSTRY WANTED TO LEARN FROM THE GROUND WANTED TO LEARN FROM THE GROUND UP. UP. WE DO DO LOTS OF INDIVIDUAL WE DO DO LOTS OF INDIVIDUAL HOMEOWNER AND SMALL COMMERCIAL HOMEOWNER AND SMALL COMMERCIAL PROJECTS. PROJECTS. FINANCING IS KEY. FINANCING IS KEY. THERE'S A BANK ON THE ADMIRAL'S THERE'S A BANK ON THE ADMIRAL'S BANK THAT WE PARTNER ON THE EAST BANK THAT WE PARTNER ON THE EAST COAST THAT IS PROGRESSIVELY COAST THAT IS PROGRESSIVELY OFFERING SOME GOOD FINANCING OFFERING SOME GOOD FINANCING PACKAGES.

PACKAGES. >> THAT POSE THIS QUESTION ALL >> THAT POSE THIS QUESTION ALL THE TIME, AND I DON'T KNOW THE THE TIME, AND I DON'T KNOW THE ANSWER TO THAT. ANSWER TO THAT. THESE ARE PERSONAL DECISIONS FOR THESE ARE PERSONAL DECISIONS FOR PEOPLE, AND I PERSONALLY I PAY PEOPLE, AND I PERSONALLY I PAY TO HAVE MY RE- SIGH LING TO BE TO HAVE MY RE- SIGH LING TO BE PICKED. PICKED. . . I PERSONALLY CHOOSE TO LIVE IN A I PERSONALLY CHOOSE TO LIVE IN A CERTAIN HOUSE. CERTAIN HOUSE. THEY'RE THEIR PERSONAL DECISIONS THEY'RE THEIR PERSONAL DECISIONS DO THEY NEED TO BE WHAT THEY DO THEY NEED TO BE WHAT THEY ARE. ARE.

DO I NEED TO DRIVE A CAR. DO I NEED TO DRIVE A CAR. NO, I DON'T, IF YOU REALLY NO, I DON'T, IF YOU REALLY LOOKING AT THIS, AND REALLY WANT LOOKING AT THIS, AND REALLY WANT TO MAKE A DIFFERENCE. TO MAKE A DIFFERENCE. THAT'S YOUR OPPORTUNITY. THAT'S YOUR OPPORTUNITY. SOLAR WORKS WELL. SOLAR WORKS WELL. I HAVE IT ON MY HOME. I HAVE IT ON MY HOME. IT WORKS EXTREMELY WELL. IT WORKS EXTREMELY WELL. IT'S FAR EXCEEDED EXPECTATIONS IT'S FAR EXCEEDED EXPECTATIONS THAT EVERY MODEL WE'VE RAN. THAT EVERY MODEL WE'VE RAN. WE'VE NEVER HAD A MODEL THAT WE'VE NEVER HAD A MODEL THAT DIDN'T PRODUCE LIKE WE WANTED IT DIDN'T PRODUCE LIKE WE WANTED IT TO. TO.

ONE THING WE LIKE ABOUT SOLAR. ONE THING WE LIKE ABOUT SOLAR. INDIANAPOLIS POWER LINE WAS ABLE INDIANAPOLIS POWER LINE WAS ABLE TO PROVIDE US DATA ON THE PEAK TO PROVIDE US DATA ON THE PEAK HOURS AS. HOURS AS. YOU MIGHT EXPECT THE SOLAR YOU MIGHT EXPECT THE SOLAR PRODUCTION ALMOST IDENTICALLY PRODUCTION ALMOST IDENTICALLY MIRRORS THE DEMAND ON OUR MIRRORS THE DEMAND ON OUR BUILDING. BUILDING. WE ACTUALLY SET OUR PEAK DEMAND WE ACTUALLY SET OUR PEAK DEMAND AT NIGHT IN THE WINTER. AT NIGHT IN THE WINTER. THERE'S SOME REAL GOOD REASONS THERE'S SOME REAL GOOD REASONS WHY SOLAR SHOULD BE A BIG NIXON WHY SOLAR SHOULD BE A BIG NIXON IN THE WHOLE ENERGY PORTFOLIO. IN THE WHOLE ENERGY PORTFOLIO. IT DOES SHAPE DEMAND.

IT DOES SHAPE DEMAND. IN REGARDS TO THE ENERGY IN REGARDS TO THE ENERGY FOUCIOUS, I'VE BEEN IN AND FOUCIOUS, I'VE BEEN IN AND AROUND ENERGY NICIOUS PROJECTS AROUND ENERGY NICIOUS PROJECTS MY ENTIRE CAREER, IT'S CERTAINLY MY ENTIRE CAREER, IT'S CERTAINLY A BIG KEY, AND A BIG PIECE OF A BIG KEY, AND A BIG PIECE OF THE PIE. THE PIE. THE ONE THING I DON'T THE ONE THING I DON'T NECESSARILY LIKE IT'S SO SUBJECT NECESSARILY LIKE IT'S SO SUBJECT TO HUMAN ERROR. TO HUMAN ERROR. NOT RUNNING THE BUILDING NOT RUNNING THE BUILDING CORRECTLY. CORRECTLY.

NOT TURNING THE LIGHTS OFF. NOT TURNING THE LIGHTS OFF. SOMETIMES PEOPLE THINK THAT'S SOMETIMES PEOPLE THINK THAT'S THE WHOLE PANACEA, AND ALL OF THE WHOLE PANACEA, AND ALL OF OUR ENERGY PROBLEMS GO AWAY. OUR ENERGY PROBLEMS GO AWAY. IT'S STILL SUBJECT TO HUMANS IT'S STILL SUBJECT TO HUMANS MAKING MISTAKES. MAKING MISTAKES. SO ONE THING I LOVE ABOUT SOLAR. SO ONE THING I LOVE ABOUT SOLAR. I'D LOVE TO SEE THE STATE OF I'D LOVE TO SEE THE STATE OF INDIANA TO COUNT TOWARDS SOLAR INDIANA TO COUNT TOWARDS SOLAR PROGRAMS. PROGRAMS. IT MAKES A LOT OF SENSE. IT MAKES A LOT OF SENSE. AND OTHER THING TOO, AND LIKE IT AND OTHER THING TOO, AND LIKE IT OR NOT WE AS AMERICANS OR NOT WE AS AMERICANS MIDWESTERNERS WE DON'T WANT TO MIDWESTERNERS WE DON'T WANT TO BE TOLD WE HAVE TO USE A CERTAIN BE TOLD WE HAVE TO USE A CERTAIN LIGHTBULB. LIGHTBULB.

ALLOWING SOMEONE TO BE ALLOWING SOMEONE TO BE INDEPENDENT AND PRODUCE THEIR INDEPENDENT AND PRODUCE THEIR OWN POWER. OWN POWER. >> TAKING A LITTLE BIT OF MY >> TAKING A LITTLE BIT OF MY KIND OF DEPENDENCE ON THE POWER KIND OF DEPENDENCE ON THE POWER COMPANY INTO MY OWN HANDS. COMPANY INTO MY OWN HANDS. SO I'D LOVE TO SEE THE STATE OF SO I'D LOVE TO SEE THE STATE OF INDIANA ALLOW THE UTILITIES TO INDIANA ALLOW THE UTILITIES TO DEMAND MANAGEMENT TO INCLUDE DEMAND MANAGEMENT TO INCLUDE SOLAR IN THAT MIX. SOLAR IN THAT MIX. WE'RE ALMOST OUT OF TIME. WE'RE ALMOST OUT OF TIME. QUICKLY WE'VE SEEN THIS TREND QUICKLY WE'VE SEEN THIS TREND WHERE THE RENEWABLE ENERGY WE'RE WHERE THE RENEWABLE ENERGY WE'RE USING IN THE STATE IS GROWING.

USING IN THE STATE IS GROWING. DO WE EXPECT THAT TO CONTINUE. DO WE EXPECT THAT TO CONTINUE. >>> THE TREND HAS TO CONTINUE. >>> THE TREND HAS TO CONTINUE. I THINK THAT THE MARKET FORCES. I THINK THAT THE MARKET FORCES. THE PRICE OF SOLAR HAS DROPPED THE PRICE OF SOLAR HAS DROPPED DRAMATICALLY. DRAMATICALLY. WORKING ON TECHNOLOGIES NOT WORKING ON TECHNOLOGIES NOT ANAROEBIC DIGESTION. ANAROEBIC DIGESTION. BUT ALSO AND THERMOCHEMICALLY BUT ALSO AND THERMOCHEMICALLY INTO ENERGY. INTO ENERGY. ONE OF THE TECHNOLOGIES THAT'S ONE OF THE TECHNOLOGIES THAT'S FURTHER OUT ON OUR RADAR SCREEN FURTHER OUT ON OUR RADAR SCREEN IS THE ABILITY TO PUT INTO OVER IS THE ABILITY TO PUT INTO OVER BIT A SOLAR PANEL TO GET BIT A SOLAR PANEL TO GET SUNLIGHT ALL THE TIME TO AVOID SUNLIGHT ALL THE TIME TO AVOID THE NEED FOR GRID STORAGE.

THE NEED FOR GRID STORAGE. THIS IS A LONG-TERM PROJECT THAT THIS IS A LONG-TERM PROJECT THAT CAN HELP US OUT. CAN HELP US OUT. THANK YOU FOR JOINING US THANK YOU FOR JOINING US TONIGHT. TONIGHT. THAT'S OUR SHOW FOR TONIGHT, MY THAT'S OUR SHOW FOR TONIGHT, MY THANKS TO OUR PANEL OF EXPERTS THANKS TO OUR PANEL OF EXPERTS FOR JOINING US. FOR JOINING US. YOU CAN LEAVE A COMMENT OR SEE YOU CAN LEAVE A COMMENT OR SEE THE FULL VIDEO OF THIS SHOW BY THE FULL VIDEO OF THIS SHOW BY VISITING OUR WEBSITE, VISITING OUR WEBSITE, INDIANAPUBLICMEDIA.ORG/INFOCUS. INDIANAPUBLICMEDIA.ORG/INFOCUS. THANKS ALSO TO ALL OF YOU ALL THANKS ALSO TO ALL OF YOU ALL FOR WATCHING AND LISTENING. FOR WATCHING AND LISTENING. HAVE A GREAT NIGHT.

HAVE A GREAT NIGHT. .

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