Renewable Energy

Energy storage growing globally, predicts IHS; incentives spreading

Source: 
E&E

New improved battery technology is making renewable energy more feasible, efficient and cost-effective, and incentives for encouraging energy storage are increasing around the world, E&E reports, noting that IHS has predicted more than 40 gigawatts of grid-connected energy storage will be installed by 2022. 

Clean Energy Trust study finds nearly 100,000 Illinois jobs in the sector

Source: 
Crain's Chicago Business

The renewable energy sector is among Illinois' largest job generators, according to a study commissioned by the Clean Energy Trust, which found that around 97,000 were employed in it in 2013, Crain's Chicago Business reports.

First Solar's increased revenue outlook sends shares soaring

Source: 
Reuters

Heavily traded shares in First Solar Inc. Wednesday hit levels not seen in two years after the company predicted a rise in 2014 revenue, up to $4 billion, and said it was developing new power plants using General Electric transformers, Reuters reports.

NJ KOs plan for wind power farm off Atlantic City

ATLANTIC CITY, N.J. (AP) — New Jersey energy regulators took the air out of a $188 million plan to build a wind power farm off the coast of Atlantic City on Wednesday, rejecting the plan as too financially risky.

The state Board of Public Utilities rejected a proposal by Fishermen's Energy to build a windmill farm three miles off the state's southern coast, deciding it placed too much potential risk of soaring electric bills for ratepayers.

SolarCity sees 4Q profit on demand for rooftop systems

Source: 
Bloomberg

SolarCity Corp. posted a profit in the 4th quarter, compared to a loss a year earlier, as demand for its rooftop solar panels soared, Bloomberg reports.

SolarCity stops installation on systems with batteries

Source: 
Bloomberg

SolarCity has stopped installing rooftop solar systems that have batteries, because in California utilities don't want to connect them to the electric grid, Bloomberg reports.

Power board approves western Ohio wind farm

COLUMBUS, Ohio (AP) — The state has approved a wind farm with 176 turbines and associated electric transmission facilities to be located in western Ohio.

The Scioto Ridge Wind Farm in Hardin and Logan counties will be capable of generating 300 megawatts of electricity and will include up to 60 miles of access roads, 83 miles of underground electric collection lines and four meteorological towers.

The farm could power up to 83,000 homes.

First Solar, missing out on rooftop solar explosion, looks for growth alternatives

Source: 
Bloomberg

First Solar Inc., the biggest solar panel maker in the U.S., is hunting for avenues of growth now that its market of selling panels to utilities for big desert farms is getting saturated, Bloomberg reports.

Tesla's sales model under fire in an increasing number of states

Source: 
The New York Times

With New Jersey joining Arizona and Texas in banning direct sales of automobiles and Ohio considering it, Tesla Motors is finding its sales structure being challenged by a lobby that protects independent automobile dealers, The New York Times reports.

Ohio auto dealers fight Tesla over sales model

COLUMBUS, Ohio (AP) — Ohio auto dealers are sparring with California-based automaker Tesla, which is selling its electric cars from two Ohio storefronts.

Ohio is among states proposing to block Tesla from setting up additional direct-sales galleries on grounds they undercut traditional auto dealerships. Last Tuesday, New Jersey officials approved a regulation effectively prohibiting automakers from going straight to customers. Tesla vice president Diarmuid O'Connell visited Ohio legislative leaders that same day to try to discourage them from passing similar restrictions.

"The bill would shut down our ability to grow in the Ohio market and, frankly, it's just a first step to them shutting down our existing businesses," O'Connell said. "This is the pattern we see in other states."

Pages

Subscribe to Renewable Energy