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Electricity from Renewables Cost Competitive with Coal

Linda Hardesty

Although a recent story from Spectrum IEEE said Google researchers gave up on a project to produce electricity from renewables more cheaply than electricity from coal, a story in the New York Times says some renewable electricity is already cost competitive with coal. The story cites a study by the investment banking firm Lazard, which   …Continue Reading

New Prudential Tower Receives $1.3M in Energy Efficiency Incentives

Linda Hardesty

The New Jersey Board of Public Utilities approved energy efficiency incentives totaling over $1.3 million for installation of energy conservation technologies at the New Prudential Tower in Newark, NJ. The measures are expected to result in energy savings of $646,898 annually. Viridian Energy and Environmental used the incentives available through New Jersey’s Clean Energy Program   …Continue Reading

5 Trends Disrupting the Global Energy Landscape

Matt Smith

At a time of high uncertainty in energy markets, a few trends and issues are changing the world and disrupting the global landscape. Geopolitical factors are influencing the oil and liquefied natural gas (LNG) markets. Many countries have introduced new carbon schemes to reduce emissions, while the European Union is overhauling its plan and Australia   …Continue Reading

Wind Power Dominates New Generating Capacity in US

Karen Henry

Wind power provided over two-thirds of new US electrical generating capacity in October 2014, according to the latest “Energy Infrastructure Update” from the Federal Energy Regulatory Commission (FERC) Office of Energy Projects. Specifically, five wind farms in Colorado, Kansas, Michigan, Nebraska and Texas came on line last month, accounting for 574 MW of new capacity. In   …Continue Reading

Boston, NYC Winter Natural Gas Prices to Remain High

Linda Hardesty

Despite expectations of a milder winter for 2014, marketers anticipate high prices for natural gas in Boston and New York City, according to the US Energy Information Administration, based on Bloomberg. Natural gas prices are expected to be lower than last winter, but higher than the average of previous winters, particularly in Boston. Average forward   …Continue Reading

Cost of Energy Efficiency Is under Half the Cost of Building Coal Power Plants

Merrian Borgeson

After mining the results of energy efficiency programs representing every US region, Lawrence Berkeley National Laboratory (LBNL) researchers have reported the initial result that the average total cost of saved energy is only  4.4 cents per kilowatt hour. This means that smarter uses of energy can replace dirty coal at a fraction of the cost of building   …Continue Reading

Hospital Gets $200,700 Rebate for Energy Efficiency Upgrades

Linda Hardesty

Dayton Power & Light awarded the Kettering Health Network an energy efficiency rebate of $200,700  for a project that upgraded the air conditioning system at the Kettering Medical Center campus in Kettering, Ohio. The project, which was implemented by Siemens, installed a Demand Flow chilled water plant optimization control system that upgraded the air conditioning   …Continue Reading

California Approves $13.5M in Loans for Energy Upgrades to Schools

Linda Hardesty

The California Energy Commission approved $13.5 million for energy efficiency measures to 14 schools in three school districts in the San Francisco Bay Area, San Joaquin County and Orange County. Funding is provided by the Clean Energy Jobs Act (Proposition 39) through the Energy Conservation Assistance Act (ECAA) and must be used for energy projects.   …Continue Reading

Green Banks to Spend $15B on Energy Projects over 5 Years

Linda Hardesty

The NY Green Bank hosted a two-day International Green Bank Summit with global financing organizations coming together to adopt a common framework they aim to make easily understood by private sector partners and the public-at-large. The green banks represented at the summit collectively expect to deploy over $15 billion in capital for investments in clean   …Continue Reading

Norwegian Pension Fund Divests from Coal

Linda Hardesty

Norway’s largest manager of pension funds, KLP, is totally divesting from coal companies and instead investing about $75 million in renewable energy companies, reports KLP is Norway’s second largest investment company, ranking only behind the country’s “oil fund.” The decision means KLP will drop 20-30 companies from its portfolio of about 3,000 companies. “We’re   …Continue Reading

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