Nuclear Energy Industry Remains Strong despite Safety Concerns

Despite the 2011 Fukushima Daiichi Nuclear Power Plant disaster, U.S. nuclear energy research and development continues undeterred. Despite new plant construction, nuclear energy byproduct storage and disposal remains a highly-debated topic in congress. Overview For the first time in more than 30 years, new nuclear reactors are under construction in the U.S. The construction consists...

FY 2015 Budget Proposal Highlights Clean Energy and Climate Resilience

The FY 2015 budget plan proposes $27.9B in DOE funding, reiterating President Obama’s commitment to a low-carbon future and energy infrastructure resilience. President Barack Obama’s FY 2015 budget plan released on March 4, 2014 allocates $27.9B for the Department of Energy (DOE), a 2.6 percent increase from the 2014 enacted level.  It reflects DOE reorganization...

YieldCo Market Unfolds While Waiting for Congressional Action on MLPs

Alternative power producers continue to turn to the YieldCo model to find lower costs of capital and residual value. Investors benefit from low risk exposure to renewable energy development, high yield and more favorable tax rates, however, risks do exist. Since January 1, 2014, two new YieldCos have been announced, SunEdison and Hannon Armstrong Sustainable...

Critical Minerals Legislation Addresses Domestic Rare Earth Production Constraints

On January 28, the U.S. Senate Committee on Energy and Natural Resources held a hearing to receive testimony on S. 1600, the Critical Minerals Policy Act of 2013. This Act that would enable domestic production of critical minerals necessary in the manufacturing of many clean energy technologies. Overview Critical minerals play and important role in...

EPA Seeks Public Input to Revise Nuclear Radiation Standards

EPA has issued notice seeking public input to revise the 1977 nuclear radiation standards to reflect recent scientific information.  On February 4, 2014, the Environmental Protection Agency (EPA) published an Advance Notice of Proposed Rulemaking, seeking public comment on potential approaches to revise the 1977 Environmental Radiation Protection Standards for Nuclear Power Operations.  The proposed...

U.S. Commerce Chamber Unveils New Energy Advocacy Platform

U.S. Commerce Chamber’s new energy advocacy platform proposes actionable recommendations to capitalize on the nation’s energy potential. On January 15, 2014, the U.S. Chamber of Commerce’s Institute for 21st Century Energy launched its new energy advocacy platform titled “Energy Works for US,” a comprehensive plan with recommendations for 2014 and beyond.  The plan, an update...

President Obama Orders Quadrennial Energy Review

President Obama has ordered a comprehensive energy strategy review to ensure federal policies continue to address changing energy requirements. On January 9, 2014, President Obama signed a memorandum establishing a Quadrennial Energy Review (QER) to enhance the federal government’s capability to provide a comprehensive and integrated energy strategy to meet challenges posed by rising energy...

Senate Finance Committee Proposes Energy Tax Incentive Reforms

The Senate Finance Committee’s latest energy tax reform proposal focuses on technology-neutral and performance-based energy tax credits. On December 18, 2013, Senate Finance Committee Chairman Max Baucus (D-MT) released an energy tax reform draft that would overhaul federal energy-related tax incentives and consolidate provisions supporting renewable energy.  Notably, the proposal focuses on establishing tax credits...

EIA Projects Strong Growth in U.S. Oil and Natural Gas Production

EIA’s latest Annual Energy Outlook (AEO) projects a 56 percent increase in natural gas production by 2040, overtaking coal as the largest share of U.S. electric power generation. On December 16, 2013, the Energy Information Administration (EIA) released the AEO 2014 Early Release Overview presenting updated projections for U.S. energy markets through 2040.  The AEO...

The annual MIT Venture Capital conference is a summit where VCs from Menlo Park to Boston come together and present their views on the next hottest startup investments to eager MBA students, entrepreneurs, and fellow investors. As global leaders in engineering and technology, it’s no surprise that MIT has always been a pillar for energy...