Solar Industry's Sizzling Start to New Year Could Lead to More Broken Records
With the coldest winter in two decades gripping much of the country this year—and wild price swings for natural gas rattling the markets, not to mention American consumers—it’s easy for many people to overlook the “hot start” in 2014 for solar energy.
But so far this year, it’s been good news followed by even more good news for the U.S. solar industry.
- The Federal Energy Regulatory Commission (FERC) released its latest “Energy Infrastructure Update” report, showing that nearly 90 percent of all new electric generation that came online in January was solar.
- The Department of the Interior (DOI) formally approved two new utility-scale solar power projects in California and Nevada, totaling 550 megawatts (MW) of new generating capacity. Both projects are being developed by First Solar Inc. and mark a regulatory milestone. President Obama’s administration has now approved 50 large-scale renewable energy projects on public lands in the West since 2009—more than half of them for solar.
- The huge $2.2 billion Ivanpah Solar Electric Generating System—located near the California-Nevada border—was completed, generating enough power for 140,000 homes. This state-of-the-art concentrating solar power (CSP) complex is owned by BrightSource Energy, NRG Energy and Google. San Francisco-based Bechtel, the largest construction company in the United States, provided engineering, procurement, construction and start-up services for the project.
- Three weeks ago, in his nationally-televised State of the Union address, President Obama gave a personal “shout out” for solar, telling an audience of 35 million people: “Every four minutes, another American home or business goes solar; every panel pounded into place by a worker whose job can’t be outsourced.”
- Four days before the President’s address to Congress, more than 3 million people took part in National “Shout Out For Solar” Day—celebrated as part of SEIA’s 40th anniversary as a national trade association—on Facebook, Twitter and other social media platforms. This first-of-its-type event was also enthusiastically supported by hundreds of business and environmental groups nationwide.
- On the same day, working with its member companies, SEIA launched its new “America Supports Solar” campaign, which highlights solar energy’s explosive growth across the U.S., as well as its record-shattering year in 2013.
It’s estimated that the U.S. now has 13 gigawatts of installed solar capacity—enough to power more than 2 million American homes. What’s more, when all of the 2013 numbers are in, solar is expected to account for more new electric generating capacity in the U.S. than any other renewable energy source.
While 2013 was a record-breaking year, 2014 may be even better with 30 percent growth being forecast. Part of this unprecedented expansion is due to the fact that the average price of a solar system has dropped by more than 50 percent since 2010, benefitting consumers, businesses, schools and government entities.
And guess what? There’s even more good news on the horizon. The Department of Energy’s (DOE) Sunshot Initiative, which is working on ways to make solar more competitive with entrenched energy sources, estimates that by 2020 soft costs should not exceed 65 cents per watt for residential solar systems and 44 cents per watt for commercial systems.
Today, 40 years after SEIA was formed, there are nearly 143,000 Americans employed by the U.S. solar industry at more than 6,100 American companies—with SEIA leading the fight to expand markets, remove market barriers, strengthen the industry and educate Americans about the benefits of solar energy. These efforts have led to the adoption of a wide range of smart public policies, including the solar Investment Tax Credit and net energy metering.
Considering solar energy’s humble beginnings in America, that is a remarkable record of achievement.
But you know what? The best news flashes are still to come!
Visit EcoWatch’s RENEWABLES page for more related news on this topic.
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Wisdom the mōlī, or Laysan albatross, is the oldest wild bird known to science at the age of at least 70. She is also, as of February 1, a new mother.
<div id="dadb2" class="rm-shortcode" data-rm-shortcode-id="aa2ad8cb566c9b4b6d2df2693669f6f9"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1357796504740761602" data-partner="rebelmouse"><div style="margin:1em 0">🚨Cute baby alert! Wisdom's chick has hatched!!! 🐣😍 Wisdom, a mōlī (Laysan albatross) and world’s oldest known, ban… https://t.co/Nco050ztBA</div> — USFWS Pacific Region (@USFWS Pacific Region)<a href="https://twitter.com/USFWSPacific/statuses/1357796504740761602">1612558888.0</a></blockquote></div>
By Hui Hu
Winter is supposed to be the best season for wind power – the winds are stronger, and since air density increases as the temperature drops, more force is pushing on the blades. But winter also comes with a problem: freezing weather.
Comparing rime ice and glaze ice shows how each changes the texture of the blade. Gao, Liu and Hu, 2021, CC BY-ND
Ice buildup changes air flow around the turbine blade, which can slow it down. The top photos show ice forming after 10 minutes at different temperatures in the Wind Research Tunnel. The lower measurements show airflow separation as ice accumulates. Icing Research Tunnel of Iowa State University, CC BY-ND
While traditional investment in the ocean technology sector has been tentative, growth in Israeli maritime innovations has been exponential in the last few years, and environmental concern has come to the forefront.
theDOCK aims to innovate the Israeli maritime sector. Pexels<p>The UN hopes that new investments in ocean science and technology will help turn the tide for the oceans. As such, this year kicked off the <a href="https://www.oceandecade.org/" target="_blank" rel="noopener noreferrer">United Nations Decade of Ocean Science for Sustainable Development (2021-2030)</a> to galvanize massive support for the blue economy.</p><p>According to the World Bank, the blue economy is the "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem," <a href="https://www.sciencedirect.com/science/article/pii/S0160412019338255#b0245" target="_blank" rel="noopener noreferrer">Science Direct</a> reported. It represents this new sector for investments and innovations that work in tandem with the oceans rather than in exploitation of them.</p><p>As recently as Aug. 2020, <a href="https://www.reutersevents.com/sustainability/esg-investors-slow-make-waves-25tn-ocean-economy" target="_blank" rel="noopener noreferrer">Reuters</a> noted that ESG Investors, those looking to invest in opportunities that have a positive impact in environmental, social and governance (ESG) issues, have been interested in "blue finance" but slow to invest.</p><p>"It is a hugely under-invested economic opportunity that is crucial to the way we have to address living on one planet," Simon Dent, director of blue investments at Mirova Natural Capital, told Reuters.</p><p>Even with slow investment, the blue economy is still expected to expand at twice the rate of the mainstream economy by 2030, Reuters reported. It already contributes $2.5tn a year in economic output, the report noted.</p><p>Current, upward <a href="https://www.ecowatch.com/-innovation-blue-economy-2646147405.html" target="_self">shifts in blue economy investments are being driven by innovation</a>, a trend the UN hopes will continue globally for the benefit of all oceans and people.</p><p>In Israel, this push has successfully translated into investment in and innovation of global ports, shipping, logistics and offshore sectors. The "Startup Nation," as Israel is often called, has seen its maritime tech ecosystem grow "significantly" in recent years and expects that growth to "accelerate dramatically," <a href="https://itrade.gov.il/belgium-english/how-israel-is-becoming-a-port-of-call-for-maritime-innovation/" target="_blank" rel="noopener noreferrer">iTrade</a> reported.</p><p>Driving this wave of momentum has been rising Israeli venture capital hub <a href="https://www.thedockinnovation.com/" target="_blank" rel="noopener noreferrer">theDOCK</a>. Founded by Israeli Navy veterans in 2017, theDOCK works with early-stage companies in the maritime space to bring their solutions to market. The hub's pioneering efforts ignited Israel's maritime technology sector, and now, with their new fund, theDOCK is motivating these high-tech solutions to also address ESG criteria.</p><p>"While ESG has always been on theDOCK's agenda, this theme has become even more of a priority," Nir Gartzman, theDOCK's managing partner, told EcoWatch. "80 percent of the startups in our portfolio (for theDOCK's Navigator II fund) will have a primary or secondary contribution to environmental, social and governance (ESG) criteria."</p><p>In a company presentation, theDOCK called contribution to the ESG agenda a "hot discussion topic" for traditional players in the space and their boards, many of whom are looking to adopt new technologies with a positive impact on the planet. The focus is on reducing carbon emissions and protecting the environment, the presentation outlines. As such, theDOCK also explicitly screens candidate investments by ESG criteria as well.</p><p>Within the maritime space, environmental innovations could include measures like increased fuel and energy efficiency, better monitoring of potential pollution sources, improved waste and air emissions management and processing of marine debris/trash into reusable materials, theDOCK's presentation noted.</p>
theDOCK team includes (left to right) Michal Hendel-Sufa, Head of Alliances, Noa Schuman, CMO, Nir Gartzman, Co-Founder & Managing Partner, and Hannan Carmeli, Co-Founder & Managing Partner. Dudu Koren<p>theDOCK's own portfolio includes companies like Orca AI, which uses an intelligent collision avoidance system to reduce the probability of oil or fuel spills, AiDock, which eliminates the use of paper by automating the customs clearance process, and DockTech, which uses depth "crowdsourcing" data to map riverbeds in real-time and optimize cargo loading, thereby reducing trips and fuel usage while also avoiding groundings.</p><p>"Oceans are a big opportunity primarily because they are just that – big!" theDOCK's Chief Marketing Officer Noa Schuman summarized. "As such, the magnitude of their criticality to the global ecosystem, the magnitude of pollution risk and the steps needed to overcome those challenges – are all huge."</p><p>There is hope that this wave of interest and investment in environmentally-positive maritime technologies will accelerate the blue economy and ESG investing even further, in Israel and beyond.</p>
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