“You’d think the thrill might wear off this whole renewable energy investing thing after a while. Nope—we’re still as into it as ever.” This week, Google announced an $80 million equity investment in six solar photovoltaic projects being developed by Recurrent Energy in Arizona and California. The deal marks the company’s 14th investment since it started eyeing project-level… Keep reading →
Siemens’ financing arm is seeing a shift in project finance from a focus on renewables to a more even mix of renewable and fossil fuel generation, according to US chief executive Kirk Edelman. “What we’re seeing now is a little bit of a shift away from a lot of focus on renewables to a more… Keep reading →
“Yet another reason to hate fracking: It’s connected with an increase in STDs, car crashes, drug-related crimes, and sexual assault in areas where the oil and gas industry sets up shop.” The article then goes on to explain that it’s actually not hydraulic fracturing that’s linked to these things, it’s working conditions at oil and… Keep reading →
A question that frequently surfaces in discussions about energy and environment is why we continue to use fossil fuels, rather than transition to cleaner energy sources, given the threats posed by climate change. According to Statoil chief economist Eirik Wærness, no one has identified a means of sustaining acceptable levels of economic growth without them.… Keep reading →
Arguments about expensive, exotic renewables are dated If you are among those who still believes that renewables are exotic, expensive, unreliable, intermittent or whatever, you may be fighting a losing battle. With each passing day, renewables are gaining ground, and their shortcomings, most notably intermittency, diffused energy source and low capacity factor, are getting compensated in ingenious ways.… Keep reading →
Renewables suffered their first “serious slowdown” in 2012, as their rapid growth outpaced the capacity of some economies to continue subsidizing them, according to BP Chief Economist Christof Rühl. Global renewables consumption – defined as wind, geothermal, biomass, solar and waste – grew by 15.2% in 2012 over 2011 levels, to 237.4 million tons of… Keep reading →
The IRS has clarified the “under construction” provision in the production tax credit.
Some good news from the IRS on April 15. Keep reading →
DOE’s Clean Energy Manufacturing Initiative would accelerate manufacturing of clean energy products and strengthen competitiveness of the U.S. clean energy sector in the global energy market.
On March 26, 2013, the Department of Energy (DOE) announced a new program – the Clean Energy Manufacturing Initiative – to support manufacturing of clean energy products in the U.S. The DOE announced the initiative at the opening of its Oak Ridge Carbon Fiber Technology Facility in Tennessee. The facility manufactures cost-efficient and lightweight carbon fiber used in electric vehicles, energy storage components, and wind turbines. According to the DOE, carbon fiber can reduce the weight of a passenger car by 50% and enhance fuel efficiency by approximately 35%. DOE estimates that the material could cut the weight of vehicles by up to 750 pounds by 2020. Keep reading →
The potential for underground injections to cause earthquakes was thought to be a problem for natural gas, but a new National Research Council study says the impacted sector will not be gas. It’s a problem for coal.
Carbon capture and sequestration (CCS), pulling carbon out of emissions from coal-burning and storing it deep underground, has been prominent in clean energy planning over the last decade as a way to keep taking advantage of coal resources to meet energy demand while tackling climate change. Keep reading →
Geothermal energy technology is moving beyond volcanos, and popping up in unexpected spots like oilfields.
The technology developed in the last century to tap the earth’s heat has been most productive in regions where hotter layers are closer to the earth’s surface, like hot springs and active volcanic formations. Steam produced in those layers is used to generate electricity. Keep reading →