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Can the Renewables Industry Create Enough Noise?
| April 24, 2017
Energy for All Initiative is part of ADB's Energy Policy of providing reliable, adequate, and affordable energy for its developing member countries in a socially, economically, and environmentally sustainable way.
Article | April 1, 2020
The U.S. renewables industry was left out of the $2.2 trillion coronavirus stimulus bill passed last week, but the battle is far from over. Congress is already considering further legislation to rescue the economy from the ravages of the COVID-19 pandemic, and renewable energy groups are ready to bring their proposals back to the table. As with the last stimulus bill, the industry's plans center on securing changes to two federal policies: the Investment Tax Credit (ITC) for solar power and the Production Tax Credit (PTC) for wind power. Renewables groups have a powerful claim to make as they push for those changes: Unlike many of the industries seeking hundreds of billions of dollars in collective aid, the desired tweaks to the renewable tax credits would not add significantly to the federal government's costs.
Article | February 23, 2020
2020 may turn out to be the year of the battery. The Trump administration has made grid-level battery backup a focus of its Energy Storage Grand Challenge -- an effort to create an all-American supply chain for advanced battery technologies. Meanwhile, Texas, which is the only state to run its own electricity grid, is offering up to $9000 a megawatt-hour for peak summer battery power. And on the other side of the world in South Australia, Tesla has been asked to up the capacity of its mammoth battery in the desert to 193.5 megawatt-hours, or about double the storage capacity of the entire Texas state grid.
Article | March 10, 2020
In the longer term it is obvious that having significant manufacturing capacity in coastal US states makes more sense than making components elsewhere and sending them on long sea journeys to their installation site. However, in the short term the sector will require a great deal of imported machinery and skills. International free trade has been instrumental in creating a positive marketplace for offshore wind, by driving down costs and accelerating growth. Unfortunately, this has had contrary effects on local prosperity, where areas do not receive the benefits of investment. Public and political support for offshore wind developments can therefore be undermined.
Article | March 17, 2020
The COVID-19 pandemic has disrupted just about every sector of the economy, and that now includes the energy sector, according to analysts and media reports. Beyond just constricting demand, the virus had begun to undermine energy-related supply chains; the solar, utility storage and electric vehicle industries may be particularly hard hit, according to experts. The pandemic likewise threatens to divert regulatory attention from ordinarily pressing energy matters to other more urgent issues. Energy regulators in Texas and elsewhere, for instance, have ordered or encouraged utilities to suspend nonpayment disconnections because of the crisis.
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