The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
Enbridge’s 110 MW Texas wind project will deliver electricity to the ERCOT market under a 20-year agreement with Microsoft Corporation. On January 6, 2014, Canada’s Enbridge Inc. announced an agreement with Renewable Energy Systems Americas Inc. (RES Americas) to construct the Keechi Wind Project, a 110 MW wind energy project in Texas, at a cost… Keep reading →
On the heels of Europe’s economic crisis the continent finds itself paying more for dirtier, less reliable electric power, Eon’s chief executive Johannes Teyssen recently told the Financial Times. The chief of Germany’s largest utility described an American competitive advantage in energy that Europe is unlikely to replicate for several years, if at all. “There… Keep reading →
The unpredictability of renewable energy sources like wind and solar creates reliability challenges for utilities seeking to balance power supply and demand across centralized grid networks. Policies compelling energy providers to incorporate more renewable energy into their portfolios make the challenge more urgent, but also create business opportunities for companies finding solutions. Those who crack… Keep reading →
Reducing the impact of operations on the environment is a lofty goal for any business, but good citizenship is, in most cases, an insufficient motivation for sweeping changes at a company that must answer to its shareholders. What makes many sustainability efforts feasible for profit-driven companies is that by pursuing them – especially those that… Keep reading →
Any newcomer to the world of clean energy might become quickly lost in the maze of various renewable sources, technologies, incentive programs, efficiency opportunities, and other complexities in what is a very large – and often fragmented – part of the energy landscape. Below are some invaluable resources that offer helicopter-view insights into clean energy… Keep reading →
With GE’s software, stored wind can increase three revenue streams. After premiering its 2.5-megawatt, 120-meter rotor Brilliant wind turbine in February, GE is now announcing the commercial installation of the first three models that will integrate energy storage capability. GE’s (NYSE:GE) engineering advances have long been moving toward two broad objectives: achieving a more rapid… Keep reading →
The US wind power industry had a banner year in 2012, as developers raced to bring on projects before the federal production tax credit was set to expire at the end of the year. The frantic rush to take advantage of the tax incentive resulted in some impressive statistics highlighted in the American Wind Energy Association’s U.S. Wind Industry Annual Market Report for 2012, released Thursday.
Breaking Energy recently sat down with AWEA’s vice president of public affairs Peter Kelley ahead of the launch to gain some insight into what made 2012 so important and what to expect from the industry going forward. Keep reading →
They took it right to the edge, but the US wind energy business managed to rescue the production tax credit around which many of their projects and manufacturing investments are structured. In the process Capitol Hill supporters of the sector rescued a claimed 37,000 jobs and the supply chain for a rapidly expanding form of power generation.
The effort to rescue the wind energy PTC and the also-extended investment tax credit (ITC) was not directly linked to the fiscal cliff debate, but became intertwined with the calendar-driven effort to prevent earlier tax cuts and credits from expiring without any replacement policy in place. The inclusion of the wind energy PTC, which was thought to be sufficiently likely to expire that companies spent significant sums as they rushed to turn on wind farms before the end of 2012, speaks to the expanded power of the wind industry groups in Washington, DC and the increased centrality of the wind energy business to major infrastructure and engineering firms with substantial US manufacturing operations including GE Energy, Siemens and Vestas. Keep reading →
A Vietnamese employee of GE’s newly built turbine generator factory walks in front of wind turbine components inside an assembly line in the northern coastal city of Hai Phong on October 15, 2010.
GE last month celebrated its 20,000th wind turbine installation, a gargantuan achievement given the US power generation giant only stepped into the sector in 2002 when it purchased the wind power assets from recently bankrupted Enron. Keep reading →