The City of Houston has signed an agreement with Reliant Energy to purchase 140MW of renewable power for the next two years. The 140MW power purchase represents approximately 50 percent of the city’s required power and is the equivalent of power required for over 55,000 homes each year. Reliant is a subsidiary of NRG Energy Inc., which has headquarters in both New Jersey and Houston.
If there were any doubts about the global potential for renewable energy, Michael Lewis, COO at E.ON Renewables, quickly put them to rest. Opening up Thursday's keynote at this years RETECH conference in Washington, D.C., Lewis told the audience renewables will continue to expand, with global capacity expected to increase three-fold by 2020. "When people ask me if renewables are just a niche, I show them the data we've put together," he said.
Lewis expects the industry to grow between seven to fourteen percent leading up to 2020. And he thinks investment dollars will follow, citing the seventeen percent year-over-year growth for renewables in 2011. He explained that in spite of the natural gas surplus in the United States, renewables like solar bring predictability to pricing, which reduces volatility in wholesale and retail utility markets.
July 31 -- Climate change is a global scourge that requires action by everyone. American efforts to protect the planet are particularly vital to prevent the worst impacts. What most people don’t realize, however, is that these efforts will be implemented by the states -- and that could be a very good thing. >>View Article
June 24 -- On Tuesday, President Obama is expected to announce a couple major new steps to address global warming, including a plan to limit carbon-dioxide emissions from existing power plants. >>View Article
March 4 -- President Obama on Monday nominated Gina McCarthy to head the Environmental Protection Agency (EPA) and Ernest Moniz as the next Energy secretary. At an event Monday at the White House, Obama heralded the picks as a “great team” that would address his “top priorities going forward.” "These two over here, they're going to be making sure that we're investing in American energy, that we're doing everything that we can to combat the threat of climate change, that we're going to be creating jobs and economic opportunity in the first place," said the president. >>View Article
February 27 -- The Bipartisan Policy Center (BPC) today unveiled over 50 energy policy recommendations developed by its Strategic Energy Policy Initiative, which is co-chaired by former Sen. Byron L. Dorgan (D-N.D.), former U.S. Senate Majority Leader Trent Lott (R-Miss.), General James L. Jones USMC (Ret.) and former U.S. Environmental Protection Agency (EPA) Administrator William K. Reilly. >>View Press Release
May 16 -- The Nissan Leaf reached an important milestone this week: the hatchback EV hit 25,000 sales in the U.S. market. The Nissan Leaf was first announced in 2009, but didn’t go on sale in the United States until December 2010. The electric vehicle–one of the first in a line of modern electric vehicles–claims a range of about 100 miles (or 73, according to the EPA’s testing methods) thanks to a 24-kWh, lithium-ion battery pack. >>View Article
January 24 -- Despite its namesake, there are other agencies that are actually more influential over America's energy industry than the Department of Energy, and they will be at the center of how the Obama administration deals with the critical energy choices it faces in a second term. >>View Article
November 16 -- U.S. EPA today announced that the agency has not found evidence to support a finding of severe “economic harm” that would warrant granting a waiver of the renewable fuels standard (RFS). The decision is based on economic analyses and modeling done in conjunction with the USDA and U.S. DOE. >>View Article
August 20 -- Austin's 'Chevy Volt Village' makes a handy political target, but in fact clean energy — and especially wind power — has been very, very good for the economy of Texas. >>View Article