Hurricane Sandy’s wounds remain fresh along the US East Coast, particularly in and around New York City where cleanup costs stretched into the billions of dollars. The storm caused government and private industry to reconsider critical infrastructure vulnerabilities, especially with regard to energy production, transport and distribution, in both the power and liquid fuels sectors.… Keep reading →
A White House and DOE report calls for investments to increase the nation’s electric grid resilience and outlines strategies for grid modernization. On August 12, 2013, the White House Council of Economic Advisors and the Department of Energy (DOE) released a report emphasizing the importance of grid resilience for climate adaptation. The report, titled “Economic… Keep reading →
Anyone who thought economics was the dismal science should try civil engineering.
Despite more than a quarter of a trillion dollars in investment from 2001 to 2010 the US is still facing an enormous shortfall in electricity infrastructure. That decade was marked by higher spending on reliability in the years that followed the high-profile California blackouts and were interrupted by an equally notable New York City blackout. Keep reading →
In his January 23 State of the Union address, President Obama emphatically pointed out that it was public research dollars that helped develop the technologies to extract natural gas from shale rock, “reminding us that government support is critical in helping businesses get new energy ideas off the ground.”
Presumably, the President also understands that it is a two-way street. While public investment has created mutually beneficial opportunities for private companies, private companies should closely partner with the public sector whenever opportunities for their participation present themselves. Keep reading →
