CLEAN ENERGY BUSINESS NEWS
Advances in renewable energy and energy efficiency investments, technologies, and practices have become increasingly big news in the business world. Here are some of the top clean energy stories from the last six months.
Seeking to meet growing electric demand in the Hamptons with renewable energy, the Long Island Power Authority approved the nation’s largest offshore wind farm on Wednesday, set for the waters between the eastern tip of Long Island and Martha’s Vineyard.
In 2006, there were only 76 rooftop solar installations in the state, according to the Wasatch Solar Team. By 2016, several thousand households were producing an estimated 140 megawatts of solar energy.
“We are the largest corporate purchaser of renewable energy in the world,” said Joe Kava, Google’s senior vice president of technical infrastructure. “It’s good for the economy, good for business and good for our shareholders.”
A new Brookings Institution report compares state’s recent economic growth to changes in carbon emissions. In all, 33 states and the District of Columbia achieved reductions in emissions while expanding their economies between 2000 and 2014.
In the last few weeks, power companies with large renewable holdings - including Southern Co, NextEra Energy Inc and Xcel Energy Inc - have announced plans to invest billions of dollars in wind.
Wind energy, the fastest-growing source of electricity in the U.S., is transforming low-income rural areas in ways not seen since the federal government gave land to homesteaders 150 years ago. As commodity prices threaten to reach decade lows and farmers struggle to meet debt payments, wind has become the newest cash crop, saving family farms across a wide swath of the heartland.
Large energy consumers such as Facebook and Microsoft that want to run on cleaner energy than utility grids provide have relied for years on buying power directly from renewable energy developers through power purchase agreements. Those opportunities are getting harder to find in some states and are not available to smaller companies.
High-tech firms such as Google Energy, Facebook and Amazon Web Services have signed contracts to purchase increasing amounts of wind energy in coming years. It suggests that companies no longer are purchasing wind-generated electricity — and other renewable energy, for that matter — simply to demonstrate their commitment to sustainability or to bolster their images as environmentally conscious organizations.
As one of the largest technology companies in the world, Apple has set the renewable energy usage standard high for their facilities. In two years, the company has moved to 93% renewable energy use with the goal of having 100 percent of its facilities run on renewable energy. Large tech companies like Apple are looking for states where they can cultivate renewable energy solutions, is your state one of those?
Located about five miles west of Elizabeth City, the Amazon Wind Farm will be the largest of its kind in the southeastern United States. The project will generate up to 208 megawatts, enough to power 60,000 homes.
VA Gov. Terry McAuliffe announced a solar partnership between Dominion Power, the incumbent utility, and Microsoft that will help reduce the state’s carbon emissions and diversify the energy portfolio, while growing the solar and data center industries in Virginia.
Low oil prices are rattling stock markets, but investors remain bullish on solar, wind, and other clean energy. Here are three reasons why.
Clean Energy Collective (CEC), the nation's leading community solar solutions provider, announced that the company has reach an agreement with Xcel Energy on the utility's community solar gardens program, resulting in up to 60 megawatts of additional community solar allocation.
Boosting efficiency and installing solar panels will only get companies so far. Owens Corning, for example, has put solar arrays at its locations internationally, but the company has a goal to reduce its greenhouse gas emissions 50 percent this decade.
As many U.S. power companies fight the federal Clean Power Plan, Xcel Energy took a different path Friday, declaring the utility’s Minnesota operations are “nearly certain” to comply with the plan’s greenhouse gas reductions through cost-effective investments over the next decade.
Joined today by Coca-Cola, BMW, and more, the list of companies converting to clean energy is growing.
The Clean Power Plan has a very decent chance of becoming the law of the land after the legal challenges are fully litigated, many experts say. And if and when it does become law, it will be a game changer in energy generation in this country — according to both advocates and opponents.
Simply put, efficient and renewable technologies now are ready for prime-time. Taking center stage, then cleaning the whole stage are now more matters of marketing and financial engineering than electrical engineering moonshots.