Wind and solar can supply 30 percent of the annual power for the nation’s Eastern grid without reliability concerns, new research from the National Renewable Energy Laboratory said. The Eastern Interconnection, which stretches from Maine to New Mexico, currently gets less than 7 percent of its annual power from the two renewable sources. Prior to the study, there was an assumption that 30 percent wind and solar penetration wasn’t possible in the region, said NREL researcher Aaron Bloom. Nobody had conducted a review like NREL’s, which modeled the year 2026 as a test.
Florida voters yesterday overwhelmingly approved a measure that removes taxes on renewable energy projects for commercial property, paving the way for solar expansion in the Sunshine State. Roughly 73 percent of voters signed off on Amendment 4, which removes ad valorem, or value-based, taxes on renewable energy projects for commercial property. This would lower the overall cost of those projects for businesses, including the state’s electric companies. Lawmakers, clean energy advocates and business groups immediately released statements praising the vote
President Obama is planning to formally join the Paris climate agreement “as soon as possible,” a top adviser said. Brian Deese gave the update Monday at a White House briefing with reporters in advance of Obama’s trip this week and next to Asia and other locations. Deese said climate change will be a top agenda item in discussions with Chinese leaders including President Xi Jinping, but he did not say whether Obama will sign the agreement on this trip.
For every economist, there exists an equal and opposite economist, and they’re both wrong. Like many jokes, this one is funny (to economists, anyway) because it’s true. What isn’t so funny is its application to the biggest challenge of the 21st century: How to shed a fossil-fuel energy infrastructure that seems hell-bent on destroying us. There are several camps trying to decide how much we must spend to avoid environmental disaster. Consensus on a grand total is a matter of degree, with estimates varying by as much as $8 trillion.
Granholm, now a top adviser in Democratic presidential nominee Hillary Clinton’s transition team and a rumored pick to lead the Energy Department if Clinton is elected, proposed a clean energy policy modeled after the Department of Education’s $4.35 billion Race to the Top. The competitive grant program, which Granholm called a powerful policy and a game changer, helped foster innovation and reforms in state and local K-12 education
The funding will support three offshore wind research projects to identify industry workforce training and safety requirements, and establish a multi-university partnership focused on cost-effective Massachusetts’ offshore wind power. The Baker-Polito Administration recently announced $700,000 in funding for nine academic and research institutions across Massachusetts to advance studies relating to offshore wind development, building on the Commonwealth’s existing nation-leading offshore wind innovation activities.
General Electric Co. is joining an energy research program at the Massachusetts Institute of Technology with the goal of tapping new thinking on cutting carbon emissions and replacing fossil fuels, showcasing the kind of partnerships the industrial behemoth is seeking as it relocates its headquarters to Boston. The company will become a member of the MIT Energy Initiative and is donating $7.5 million for its research efforts, particularly in the areas of solar power, energy storage, advanced power grids, and carbon sequestration, officials said.
Sen. Chuck Grassley, R-Iowa, the author of the original wind energy tax credit in 1992, said a hypothetical President Trump wouldn’t be able to get rid of wind power in the U.S. as long as he’s alive. The GOP nominee has railed for years that wind farms are “ugly,” “obsolete” and “terrible for the environment,” among many other criticisms. “If he wants to do away with it, he’ll have to get a bill through Congress, and he’ll do it over my dead body,” Grassley said Tuesday in an interview with Yahoo News.
In a fast-developing industry teeming with technologies that promise to be the next big thing, energy storage appears to be the biggest. Its supporters not only sing its praises but also tout what they say is its inevitability.“We’re going to have 10 times as much energy storage on the grid by the end of this decade and that is going to impact every facet of the energy industry,” said Matt Roberts, executive director of the Energy Storage Assn., an industry trade group.
The installed price of solar energy has declined significantly in recent years as policy and market forces have driven more and more solar installations. Now, the latest data show that the continued decrease in solar prices is unlikely to slow down anytime soon, with total installed prices dropping by 5 percent for rooftop residential systems, and 12 percent for larger utility-scale solar farms. With solar already achieving record-low prices, the cost decline observed in 2015 indicates that the coming years will likely see utility-scale solar become cost competitive with conventional forms of electricity generation.