Alternative energy
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…...
Governor Cuomo’s 2014 State of the State agenda includes new clean energy and climate initiatives with a grid resiliency and distributed generation focus. In his State of the State (SOS) address on January 8, 2014, New York State Governor Andrew M. Cuomo reaffirmed his commitment to clean energy, proposing significant initiatives to address energy and…...
Enbridge’s 110 MW Texas wind project will deliver electricity to the ERCOT market under a 20-year agreement with Microsoft Corporation. On January 6, 2014, Canada’s Enbridge Inc. announced an agreement with Renewable Energy Systems Americas Inc. (RES Americas) to construct the Keechi Wind Project, a 110 MW wind energy project in Texas, at a cost…...
The Solar Energy Industries Association (SEIA) has opposed SolarWorld’s latest trade petition against anti-competitive trade practices of China and Taiwan, calling for negotiations to end the trade dispute. On December 31, 2013, international solar power system manufacturer SolarWorld filed anti-dumping and anti-subsidy cases with the U.S. International Trade Commission and the U.S. Department of Commerce…...
On December 10, 2013, Senate Budget Committee Chairman Patty Murray (D-WA) and House Budget Committee Chairman Paul Ryan (R-WI) proposed the 2013 Bipartisan Budget Act, a two-year budget agreement that would provide $63B in sequester relief and reduce the fiscal deficit by $20B to $23B. Overview Lawmakers now have several weeks to appropriate the budget…...
With a $210M initial funding approval, NY Green Bank is poised to begin operations in early 2014. On December 19, 2013, New York State Governor Andrew M. Cuomo announced $210M initial capitalization for the $1B New York Green Bank, a market-based clean energy funding initiative launched in September. The funding includes $165M Public Service Commission…...
DOE reports the U.S. at the forefront of the global fuel cell industry with significant advancements in the fuel cell and hydrogen technologies market. On December 19, 2013, the Department of Energy (DOE) released three reports highlighting strong progress in the U.S. fuel cell and hydrogen technologies market. The U.S. remains at the forefront of…...
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…...
DOI’s proposed Maryland 80,000 acre offshore wind lease sale aims to harness up to 1,450 MW of wind energy, enough to supply 300,000 homes. On December 17, 2013, the Department of Interior (DOI) announced a proposed notice of sale for approximately 80,000 acres of Maryland offshore area for commercial wind energy development. The proposed…...
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…...
The Corn Ethanol Mandate Elimination Act of 2013 would repeal the RFS corn ethanol mandate, allowing the corn ethanol industry to directly compete with oil. On December 12, 2013, a group of 10 Senators led by Dianne Feinstein (D-CA) and Tom Coburn (R-OK) introduced the 2013 Corn Ethanol Mandate Elimination Act to repeal the corn…...