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Top Five Reasons Fossil Fuel Companies Should Diversify into Renewables Now
8 May 2017 at 3:00am
According to Amory Lovins a consultant to Shell Oil for the past 45 years and Chief Scientist and Co-founder of the Rocky Mountain Institute, little attention is being paid to the work that traditional energy companies are doing in the renewable energy industry.
?I think a lot of groups promoting efficiency and renewables are so busy working with innovation and insurgency in the business world that they don?t pay enough attention to the incumbents,? he said during an interview at Shell?s Powering Progress Together forum in Detroit, Michigan at the end of April.
?It's like a yin-yang balance,? he said, jokingly adding that if you aren?t part of the problem, how can you be part of the solution?
However, fossil fuel companies are well-equipped with the skills and expertise to transition into new business lines, he said.
?These are companies with immense and unique skills, some of which will be useful for a long time.?
New Global Solar Capacity Outpaced Wind in 2016, IRENA Says
31 Mar 2017 at 4:01am
Last year marked the first time since 2013 that solar energy growth outpaced wind energy, according to a new report from the International Renewable Energy Agency (IRENA). Solar saw a record 71 GW of new capacity in 2016, while wind increased by 51 GW.
The President?s Climate Change Executive Order: Wrong Pretense
30 Mar 2017 at 9:53am
The President announced on Tuesday, March 28th at the Environmental Protection Agency his new Executive Order based on protecting 75,000 US coal jobs by threatening over 3 million US clean energy jobs.
According to MorningConsult
The order directs officials to review the Environmental Protection Agency regulations on new and existing power plants, withdraw the Obama administration?s ?social cost of carbon,? which puts a price on greenhouse gas emissions, end a moratorium on new coal leases on federal land, review regulations on methane emissions from natural gas systems, end a guidance for agencies to consider climate change, and end Bureau of Land Management restrictions on hydraulic fracturing.
The Trump administration has not yet released the text of the order which is based solely on saving coal and other fossil jobs, but a senior White House official shared details with reporters in a call on March 27th.
Viewpoint: UK Prime Minister mentions of certainty and policy could ultimatel...
30 Mar 2017 at 5:43am
In a portion of her statement delivered yesterday to the European Union, United Kingdom Prime Minister Theresa May said, ?I hereby notify the European Council in accordance with Article 50 of the Treaty on European Union of the United Kingdom's intention to withdraw from the European Union.?
Trump Slams Brakes on Obama?s Climate Plan, But There?s Still a Long Road Ahead
30 Mar 2017 at 3:38am
Badly looking for a political win that would both fulfill some campaign promises to his political base and satisfy the demands of rank-and-file Republicans in Congress, President Trump on March 28 signed an expansive Energy Independence and Economic Growth Executive Order.
China to Launch Green Certificates in Renewable Energy Sector
30 Mar 2017 at 3:13am
China?s National Development and Reform Commission, Ministry of Finance and National Energy Administration recently jointly announced a pilot program for the issuance of green certificates to renewable energy producers coupled with a trading scheme running on a voluntary basis across the country.
Full Text of Presidential Executive Order on Promoting Energy Independence an...
29 Mar 2017 at 12:56pm
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:
Section 1. Policy. (a) It is in the national interest to promote clean and safe development of our Nation's vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation. Moreover, the prudent development of these natural resources is essential to ensuring the Nation's geopolitical security.
SunEdison India Assets to Help Double Greenko Capacity
28 Mar 2017 at 6:01am
Greenko Energy Holdings, the green power developer backed by sovereign wealth funds, expects to double its capacity in India by 2019 with the help of assets acquired during the bankruptcy of SunEdison Inc.
Generation capacity should grow to about 5 gigawatts in the next two years as new projects come online and Greenko integrates 1.5 gigawatts of SunEdison assets into its portfolio, Mahesh Kolli, the founder of the company based in Hyderabad, India, said in a telephone interview.
Trump to Cancel Obama's Policies Aimed at Paris Climate Pledge
28 Mar 2017 at 5:24am
President Donald Trump is moving aggressively to undo policies designed to keep the carbon-cutting promises the U.S. made alongside nearly 200 other countries in Paris, while stopping short of a decision to formally withdraw from that landmark climate accord.
Trump will sign an executive order Tuesday that begins unraveling a raft of rules and directives to combat climate change, which President Barack Obama wove into the fabric of the federal government as he made addressing the issue a centerpiece of his second term.
Large Scale Energy Storage: An Investment In Jobs, Reliability And Affordability
24 Mar 2017 at 5:37am
The Andrews Labor Government will invest an additional $20 million to support large-scale energy storage initiatives across Victoria, creating jobs, protecting affordability and maintaining the reliability of our energy grid. Premier Daniel Andrews and Minister for Energy and Environment Lily D'A
Around the Baseloads: What's New in the Geothermal, Biomass and Hydropower In...
22 Mar 2017 at 6:17pm
No country will ever get to 100 percent renewable energy without using geothermal, biomass, hydropower or a combination of the three. These technologies are able to provide energy around the clock, (baseload) and do not depend on the sun shining or the wind blowing.
FORESEA awards US$11.8 million to develop offshore renewable energy technologies
22 Mar 2017 at 12:34pm
The user selection board of the ?11 million (US$11.8 million) Funding Ocean Renewable Energy through Strategic European Action (FORESEA) project has awarded ?Recommendations for Support? to 15 offshore renewable energy technologies, according to an announcement today from FORESEA.
Two Irish Companies Teaming to Develop Hydrokinetic Turbines
21 Mar 2017 at 9:29am
DesignPro Ltd. and GKinetic Energy Ltd. are collaborating to develop a new range of run-of-river hydrokinetic turbines.
Ten Clean Energy Stocks For 2017: Earnings Season
21 Mar 2017 at 8:55am
Earnings season began in earnest in February. My Ten Clean Energy Stocks model portfolio gave back a little of its large January gains because a mix of good and bad earnings mostly offset each other. One pick (Seaspan Preferred) gave back its large January gains. Neither the original gain nor the loss were driven by news.
German Coal Mine to Be Reborn as Giant Pumped Storage Hydro Facility
17 Mar 2017 at 5:12am
A coal-mine that powered German industry for almost half a century will get a new lease on life when it?s turned into a giant battery that stores excess solar and wind energy.