Examines the case for government leadership in promoting the development of distributed grid connected energy storage, arguing that government leadership is necessary in order to kick start this very important component of the robust electric energy infrastructure that is in our nations best interest. The author also argues that doing so will bring down electric vehicle battery costs and help promote EV adoption rates, which are inhibited by high unit costs driven by battery prices.
The greentech top talent shortage is real. Green industries’ high growth and fast innovation, makes for fierce competition among experienced green professionals. High tech-experienced talent is filling some of the demand; the ease of transition depends on the role and industry.
China’s domination of the rare earth metals market potentially leaves almost every component of renewable energy vulnerable. There is speculation about the country’s reliability that it could decide to decrease or halt exports, and use the advantage to dominate the global market and choke off competitors.
Will electric cars one day become part of a network of rechargeable batteries that can help smooth out the intermittent nature of wind and solar power? Many experts believe so, pointing to programs in Europe and the U.S. that demonstrate the promise of vehicle-to-grid technology.
Using financial data from 1,833 firms with US revenues of more than $1 billion in 2008/09, independent analyst firm Verdantix finds that spending on 29 sustainability initiatives will grow from $28 billion in 2010 to $60 billion in 2014. Over the 2009 to 2014 period the US sustainable business market will experience a 19% compound annual growth rate. The sustainable business market forecast finds that growth of 11% in 2010 will increase to 16% in 2011 and 24% in 2012. Growth in spending is driven by improved economic growth, risk drivers, competitive dynamics, innovation diffusion, higher oil prices, state-level GHG regulations and renewable energy policies. The study covers all industries and all sustainability initiatives from energy efficiency to spending on strategy, risk and brand.
Oil has monopolized America’s transportation sector, but this is changing. By the end of 2010, several major automobile manufacturers, including Nissan, General Motors, Volt, Nissan,GM, Ford, Mitsubishi, Toyota, Volvo, BMW, and Mercedes will release their first generation electric vehicles – vehicles that allow you to run partially and even fully on electricity. The US government has also committed to spending millions of dollars to help prepare our cities and communities for the coming wave of electric vehicles.
Yesterday, at the White House, President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states will generate more than 17,000 high quality clean energy jobs and the domestic manufacturingof advanced clean energy technologies including solar, wind, and efficiency and energy management technologies. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs.
U.S. Energy Secretary Steven Chu today announced more than $18 million in funding from the American Recovery and Reinvestment Act to support small business innovation research, development, and deployment of clean energy technologies. In this first phase of funding, 125 grants of up to $150,000 each will be awarded to 107 small advanced technology firms across the United States.
DOE Doles Out $300 Million in Clean Cities Grants to Support Clean Fuels, Vehicles, and Infrastructure Development
Last week, Secretary Chu announcen nearly $300 million in Clean Cities grants to support clean fuels, vehicles, and infrastructure development. The projects are designed to create jobs, limit pollution, and reduce America’s dependence on foreign oil.