The Atmospheric Vortex Engine, a generator that seeks to generate power through harnessing tornadoes, could produce as much energy as a coal-fired plant, according to the technology's developer, NBC News reports.
The Bureau of Ocean Energy Management issued a request for any competitive interest for a proposed 127-square-mile offshore wind project of the coast of New York. If no companies express interest, the New York Power Authority will be eligible for a lease, Bloomberg reports.
House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., criticized the renewed wind energy tax credit, saying the policy could face scrutiny from his committee in the new Congress, The Hill reports.
Analysts and industry leaders say the extension of a wind energy tax credit could help boost the industry that was expected to decline by 59 percent this year. The credit now covers wind farms that start construction in 2013, Bloomberg reports.
In all the New Year's Day wrangling over the final fiscal cliff legislation, there were two clear winners beyond middle-class taxpayers -- the wind and biofuels lobbies.
But the work to keep their tax credits is just beginning. Passage of the bill late Tuesday only re-set the clock for another year, one in which every special interest tax break will face possible elimination in a push to cut federal red ink.