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Energy

US, Australian Governments Float Wave Energy

Linda Hardesty

The US Department of Energy is offering $4 million to research universities to accelerate marine and hydrokinetic (MHK) energy development in the United States. The funding will support projects designed to enable the capture of renewable wave and tidal energy. A consortium of universities will receive funding to optimize operations, reduce maintenance costs and improve   …Continue Reading


Net Imports of Energy Lowest in 2 Decades

Linda Hardesty

A large drop in energy imports together with a small increase in energy exports led to a 19 percent decrease in net energy imports from 2012 to 2013, according to the Energy Information Administration. Total energy imports declined 9 percent from 2012 to 2013. Crude oil production grew 15 percent, about the same pace as   …Continue Reading


NRG Continues Buying Binge

Linda Hardesty

NRG Energy has acquired Roof Diagnostics Solar (RDS). Terms of the transaction were not disclosed. “With the price of residential solar increasingly competitive with the retail price of power in multiple states, the time is now for NRG to ramp up its efforts to bring the benefit of self-generation to NRG’s millions of present and   …Continue Reading


DOE Begins Quadrennial Energy Reviews

Linda Hardesty

The Department of Energy released information on the first six public meetings to collect stakeholder input into the Quadrennial Energy Review, which was launched by President Obama in January. DOE will hold a series of meetings to discuss and receive comments on issues related to the development of a comprehensive strategy for the infrastructure needed   …Continue Reading


Energy Sector Expects Profitable 2014

Energy Manager Today Staff

Some 81 percent of middle market energy executives describe 2013 as profitable, and their expectations for 2014 are nearly identical, with 82 percent anticipating continued profitability, according to research by CIT Group and Forbes Insights. The three-to-five-year energy sector outlook is even more positive, with 91 percent of surveyed executives anticipating they will be profitable   …Continue Reading


Congress May Extend Energy Tax Credits

Linda Hardesty

Extension of various tax credits relating to energy may come up in the US Congress in the coming weeks, according to a blog posting on the Advanced Energy Economy website, citing several sources on Capitol Hill. The following tax credit provisions that expired at the end of 2013 are up for discussion: -Energy-Efficient Commercial Building   …Continue Reading


SunEdison Manufactures 1 GW of Solar Modules in 3 Years

Linda Hardesty

SunEdison says it has shipped over 1 GW of Silvantis solar PV modules, making the company one of the top five solar module manufacturers in the world. Growth over three years was driven by strong demand from the company’s utility and commercial business groups. Production of solar modules is a key element in the vertical   …Continue Reading


62% of Illinois Clean Energy Businesses Focus on Energy Efficiency

Linda Hardesty

A survey of the clean energy workforce in Illinois found that 96,875 people currently work in the clean energy sector and that 62 percent of clean energy businesses in Illinois are primarily focused on energy efficiency, which includes lighting, heating and cooling controls, energy automation systems and smart grid technology. The Clean Jobs Illinois survey   …Continue Reading


Physical Security of Electric Grid on FERC’s Radar

Linda Hardesty

The Federal Energy Regulatory Commission (FERC) has directed the North American Electric Reliability Corporation (NERC) to develop standards that address physical security risks and vulnerabilities of the nation’s power grid. FERC’s directive comes after Jon Wellinghoff, a former FERC chairman, told the Wall Street Journal he was concerned that the nation’s electric-grid isn’t adequately protected   …Continue Reading


NRG Buys Retail Electric Business of Dominion, Assets of Edison Mission Energy

Linda Hardesty

NRG Energy has entered into agreements with Dominion Resources to acquire its retail electric business. Dominion currently serves more than 600,000 customer accounts in Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio and Pennsylvania, and through its Cirro Energy brand in Texas. Once completed, the acquisition will support NRG’s ongoing efforts to expand the   …Continue Reading


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