Conference of Mayors Release Block Grant Funding Report

On February 27th, the Conference of Mayors released survey findings summarizing how cities across the nation spent $2.7b in funding disbursed through the Energy Efficiency and Conservation Block Grant Program (EECBG). This program, authorized under the American Recovery and Reinvestment Act (ARRA) was designed to provide state and local governments federal support to carry out…

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…

California PV Panel Collection and Recycling Programs

Senator Monning introduces Photovoltaic Panel Collection and Recycling Act of 2014 under the Hazardous Waste Control Law. The solar industry is rapidly evolving with new and complex materials in efforts to make improvements in efficiency and economic feasibility. Environmental, health, and safety issues are on the rise with technological advancements, especially in product manufacturing and…

ARPA-E Update: $625M Private Funding Leveraged

To date, the 2009 Advanced Research Projects Agency-Energy has invested $900M for innovative projects leveraging $625M in private funding. On February 25, 2014, the Department of Energy’s (DOE) Advanced Research Projects Agency – Energy (ARPA-E) announced that it has advanced 22 innovative projects over the past five years, leveraging approximately $625M private funding following its…

New Hawaii Bill Supports Energy Storage

Hawaii Senate Bill 2933 mirrors energy storage sector growth interest and introduces investment and utilization tax credits. Senate Bill 2933 introduces two tax credit forms on utility scale renewable energy storage properties with the requirement that all departments of business, economic, and tourism are to submit an annual joint report to legislature. Investment credit will…

New Energy Efficiency Finance Mechanisms Expand Market Opportunities

On January 21, Kilowatt Financial announced $100 million debt facility with Citi to support residential energy efficiency upgrades. One day later, Joule Assets announced a $100 million fund to aggregate energy efficiency and demand response projects for private equity investors. Overview Although creative energy efficiency financing has existed for decades, new mechanisms are emerging to…