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Energy Transition
Energy transition “Energy Transition” is the umbrella term for market forces, public policy choices, and technological innovations that will move the United States and the entire globe to a lower carbon energy mix. Its most visible indicators today are rapid growth in manufacture of battery electric vehicles and construction of wind and solar power generation plants. But its scope is much broader.
University Lands has hosted rapid growth in solar energy production on the Lands. But the future of energy transition will also include:
Battery storage of power generated by wind and solar “Green hydrogen” production—electrolysis of water using renewable electricity Carbon storage, both in depleted pore space and in the soil on PUF Lands Fiscal year 2021 was a landmark year for renewable power on PUF Lands. Two new facilities came online, the Prospero solar project and the White Mesa wind project with 600MW of solar energy beginning production. Looking forward, energy transition offers great opportunities for University Lands. All of the energy transition technologies require vast amounts of surface area to achieve economic scale. The PUF Lands are well positioned geographically in terms of location and their large contiguous blocks, making University Lands the landlord of choice for project developers.
RENEWABLE ENERGY PROJECTS ON PUF LANDS
NUMBER OF PROJECTS (Active/In-construction)
TECHNOLOGY
TOTAL ACRES LEASED MEGAWATTS PRODUCED
Solar Wind
5 4
14,750 54,750
1,820
388
Battery Storage
16 battery projects under contract, not yet developed
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