What a difference a year can make. Even before the last weeks tick away, 2015 stands out as a remarkable and dynamic year for climate and energy in the United States. Read on for five bold trends that are beginning to reshape our economy – and our national discourse on climate change. 1. Investments in… Keep reading →
Iran’s atomic energy chief and US energy secretary joined talks in Geneva on Saturday for first time, joining seven other nations in a move that may help resolve technical disputes standing, with hopes to curb Tehran’s atomic activities in exchange for sanctions relief. “Technical experts for Iran and the six nations it is negotiating with have… Keep reading →
The United States is reportedly under attack by the Chinese government. America’s business secrets, critical infrastructure and wealth are the targets. But many businesses are taking a lackadaisical approach to cybersecurity. Multiple industry studies have shown that the vast majority of companies don’t begin following cybersecurity best practices until after they’ve been hit. The latest and most telling example came Tuesday. According to a new report from information security company Mandiant, the Chinese military is linked to one of the most prolific hacking groups in the world. That group, known as the “Comment Crew,” has attacked Coca-Cola (KO, Fortune 500), EMC (EMC, Fortune 500) security division RSA, military contractor Lockheed Martin (LMT, Fortune 500), and hundreds of others. It reportedly holds the blueprints to America’s energy systems, and has funneled trade secrets out of some of the country’s largest corporations. The implications of China’s presence in Corporate America’s networks are vast, from matters of economic competitiveness to international diplomacy.
Six months ago two Louisiana sheriffs were shot to death and two more injured in the parking lot of a Valero oil refinery. Six years ago Saudi police halted a pair of armed terrorist attacks on the world’s largest refinery, in one case opening fire on a car that exploded near the facility’s gates.
Guns are more than a theoretical issue for the energy business, which controls much of the world’s most vital – and most vulnerable infrastructure. As the US contends with a public debate given new urgency by a series of high-profile shootings, the issue of security and gun control in and around key energy infrastructure is once again front of mind for many of the bodies charged with monitoring energy security and devising responses to potential threats. Keep reading →
Utility companies confront security challenges daily, especially those related to securing the North American power grid. Increasingly, they’re responding by implementing comprehensive cyber security plans across their business networks and their generation, transmission and distribution systems.
From broad-based threats against corporate e-mail systems to targeted spear-phishing attacks aimed at nuclear operations, utilities face new challenges regularly. A focus area is the regular increase of vulnerabilities reported in the security of industrial control systems that monitor and control manage the power grid, as noted by the Department of Homeland Security and the media. Keep reading →
What do Lockheed Martin, the city of Austin in Texas and Intel have in common? They all invest in renewable energy, alongside major consumers like the Department of Defense and major consumer brand companies like Whole Foods.
The business case for these projects and for ownership of renewable generating capacity is clear, Navigant Consulting Director Andrew Kinross told Breaking Energy in this video, but clear policy has also lent appeal to the sector and prompted creative financing for projects that in turn boosts employment. Financing around projects and structures like third-party ownership of solar energy assets by private equity firms or pension fund investors has been particularly interesting, Kinross says. Keep reading →
Much like microwaves and satellites, the US military could serve as an incubator for hydrogen fuel cell vehicle technology, helping it advance to a point where it can stand on its own in the global marketplace. In one of the latest examples of the private sector collaborating with the military on new technologies, General Motors and the U.S. Army, Pacific recently launched a 16 hydrogen fuel cell vehicle fleet in Hawaii.
The US Army views this as a worthwhile investment because its desire to reduce fossil fuel reliance, which can be a security concern. The contract is for a fleet of administrative vehicles that will be driven on base and around Oahu. Keep reading →
