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.
October, 9 2012
I joined the ACORE team about five months ago after I finished my undergraduate work at Rutgers University. The first thing I noticed when I joined ACORE is how dedicated the staff is to promoting renewable energy. In so many ways ACORE is at the center of the renewable energy industry. This is reflected in the architecture of ACORE events that facilitate business collaboration and networking among all sectors of the industry and provide unique opportunities to learn about the state of the industry from a wide and inclusive perspective. I've heard tremendous conversations at these events regarding clean technology, investment, policy, and numerous other issues and hope conversations of that caliber reach a larger audience through this Guest Blog.
October 16 -- IKEA may have just fired the latest salvo in the clean energy revolution. Within the next 10 months, IKEA will begin selling flat-pack solar panel kits to retail customers in all of its 17 U.K. stores. And if that experiment is successful, IKEA could roll out the experiment to stores in the United States and the rest of the world. That means that, while shopping at IKEA for cheap, affordable furniture, you can now stock up on solar panel kits to transform your home into an energy-saving showcase. The innovative Swedish company already uses solar panels to power 40 of its U.S. locations, and is making available the same technology to the mainstream public. The same way you might navigate through the aisles of an IKEA picking up well-designed items at low prices – while simultaneously having a bit of fun with the delightfully absurd Swedish names for the products — you will also be able to load a few flat pallets of IKEA solar energy panels into your cart. Almost everyone can imagine checking out of IKEA with a DIY solar panel package (even if it costs almost $10,000) – something that’s not necessarily the case with other forms of renewable energy. (Presumably, it’s much more difficult to create flat-pack mini-nuclear reactors for the home.) >>View Article
October 16 -- Idaho’s new clean-energy businesses have found ready customers on the state’s dairy farms. “There are a lot of resources around us for both efficiency and energy generation to help farmers better leverage their assets, and, even more important, there are real ways to make these projects pay for themselves,” says Paul Conrad, president and CEO of Hailey-based Site Based Energy. >>View Article
October 16 -- The United States leads the world in creating companies that turn food waste and non-food materials to energy, according to a Navigant Research report released Tuesday morning. More than two-thirds of all global ventures in advanced biofuels are based in the United States, a testimony to the nation’s entrepreneurial environment and investment funding for new ventures. >>View Article
October 16 -- Energy efficiency measures saved the equivalent of 570 million metric tons of oil equivalent, worth $420 billion, in 11 nations from 2005 though 2010, according to the International Energy Agency. Without efficiency measures, consumers in the IEA member countries would now be consuming about two-thirds more energy than currently, the Paris-based group said today in a report. >>View Article
October 16 -- As the world's largest retailer and biggest private employer, Walmart commands attention from Wall Street to Main Street. But it's not what's happening inside Walmart stores making news this week -- it's what's happening on top of them. The annual Solar Means Business Report, which identifies major commercial solar projects and ranks America's top corporate solar users, was released this week by SEIA and Vote Solar. >>View Article
October 15 -- AEP-PSO has signed agreements to purchase nearly 600 megawatts of wind energy from facilities being developed in northwestern Oklahoma and the state's Panhandle, the electric utility announced Thursday. The purchase will provide AEP-PSO's customers with energy from wind farms near Seiling, Balko and Goodwell starting Jan. 1, 2016. The 20-year agreements are subject to approval of the Oklahoma Corporation Commission. >>View Article
October 15 -- The Southwest Power Pool, the eight-state regional electricity transmission organization that includes Oklahoma, set a record for wind power generation on Oct. 10, generating about 6,400 megawatts for several hours. >>View Article
October 15 -- Members of the Ohio Senate Public Utilities Committee heard testimony this week on two bills that would roll back Ohio’s renewable energy and energy efficiency standards. Backed by fossil-fuel funded special interest groups and their political allies, these proposals would undermine Ohio’s emerging clean energy industries and make the state even more dependent on coal and natural gas. >>View Article