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Investment in Aging Coal Plants a Losing Proposition

Jennifer Hermes

Across the United States, economics are increasingly favoring investment in renewable energy at the expense of dirty coal energy. As the price of solar dips below coal and even natural gas in some instances, the domestic demand for coal wanes and a growing number of companies are eager to get out of their investments in   …Continue Reading

GEA Sees ‘Substantial’ Growth in Geothermal Market

Leon Walker

The international geothermal power market is booming, and the US could soon lose its status as the world leader in geothermal energy production, according to a report from the Geothermal Energy Association. For instance, the US has about 1,000 MW in the pipeline and 3,400 MW nameplate capacity for a total of 4,400 MW. Meanwhile,   …Continue Reading

DOE Solar Loan Program had ‘Weaknesses’

Leon Walker

A Department of Energy program that administered a $400 million loan guarantee for now-bankrupt photovoltaics manufacturer Abound Solar had “several weaknesses,” according to a report from the Office of the Inspector General. In December 2010, the program issued the loan guarantee to Abound for up to $400 million to construct and commission thin-film photovoltaic solar   …Continue Reading

12 States Produced 80% of US Wind Power in 2013

Linda Hardesty

In 2013, 12 states accounted for 80 percent of US wind-generated electricity, according to preliminary generation data from the US Energy Information Administration. Texas was again the top wind power state with nearly 36 million MWh. Iowa was second, with more than 15 million MWh, followed by California, Oklahoma, Illinois, Kansas, Minnesota, Oregon, Colorado, Washington,   …Continue Reading

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

Leon Walker

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

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