As of 2018, American electric utility companies are planning new or extra renewable energy investments. These investments are particularly aimed at solar energy, thanks to the Tax Cuts and Jobs Act of 2017 being signed into law. The law retained incentives for renewable energy development. Utility companies are taking advantage of the federal solar investment tax credit before it permanently goes down to 10% after 2021. According to the March 28 S&P Global Market Intelligence report summary, "NextEra Energy Inc., Duke Energy Corp., and Dominion Energy Inc.’s utilities are among a number of companies in the sector contemplating significant solar investments in the near-term. Other companies, including Xcel Energy Inc. and Alliant Energy Corp., are undertaking large wind projects in the near-term, but are considering ramping up solar investments in the coming years."
Green energy is the term used to describe sources of energy that are considered to be environmentally friendly and non-polluting, such as geothermal, wind, solar, and hydro. Sometimes nuclear power is also considered a green energy source. Green energy sources are often considered "green" because they are perceived to lower carbon emissions and create less pollution.
Some people, including Greenpeace founder and first member Patrick Moore, George Monbiot, Bill Gates and James Lovelock have specifically classified nuclear power as green energy. Others, including Greenpeace's Phil Radford disagree, claiming that the problems associated with radioactive waste and the risk of nuclear accidents (such as the Chernobyl disaster) pose an unacceptable risk to the environment and to humanity. However, newer nuclear reactor designs are capable of utilizing what is now deemed "nuclear waste" until it is no longer (or dramatically less) dangerous, and have design features that greatly minimize the possibility of a nuclear accident. These designs have yet to be commercialized. (See: Molten salt reactor)
There are two main reasons for this, according to Kevin Haley, BRC program manager. First, there’s been strong continued support from major tech companies with large electricity loads. Facebook and AT&T, for instance, have procured the most new renewable energy capacity in 2018, with other large deals from Microsoft, Apple and Walmart. The second reason is that the pool of corporate customers is starting to expand.
I ask Gore about the lessons he takes from Georgetown. “I think it’s important to pay attention to a CPA who becomes a mayor and takes an objective look at how he can save money for the citizens of his community, even if it means ignoring ideological presuppositions about fossil energy. Especially when the mayor in question is in the heart of oil and gas country.”
Wind is a form of solar energy and is a result of the uneven heating of the atmosphere by the sun, the irregularities of the earth's surface, and the rotation of the earth. Wind flow patterns and speeds vary greatly across the United States and are modified by bodies of water, vegetation, and differences in terrain. Humans use this wind flow, or motion energy, for many purposes: sailing, flying a kite, and even generating electricity.
Among sources of renewable energy, hydroelectric plants have the advantages of being long-lived—many existing plants have operated for more than 100 years. Also, hydroelectric plants are clean and have few emissions. Criticisms directed at large-scale hydroelectric plants include: dislocation of people living where the reservoirs are planned, and release of significant amounts of carbon dioxide during construction and flooding of the reservoir.
Several initiatives are being proposed to mitigate distribution problems. First and foremost, the most effective way to reduce USA’s CO2 emissions and slow global warming is through conservation efforts. Opponents of the current US electrical grid have also advocated for decentralizing the grid. This system would increase efficiency by reducing the amount of energy lost in transmission. It would also be economically viable as it would reduce the amount of power lines that will need to be constructed in the future to keep up with demand. Merging heat and power in this system would create added benefits and help to increase its efficiency by up to 80-90%. This is a significant increase from the current fossil fuel plants which only have an efficiency of 34%.
“New Wind May Be Cheaper than Old, Reliable Coal” • Wind farms have cost less to build and operate than coal-fired power plants for some time. The trend of lower costs for renewables has crossed a threshold: it is sometimes cheaper to build a brand new wind facility than keep an old coal plant burning, according to Lazard Ltd. [Casper Star-Tribune Online]
Green marketing is the sale of green power in competitive markets, where consumers have the option to choose from a variety of suppliers and service offerings, much like they can choose between long-distance telephone carriers. The key difference between green marketing and green pricing is that with green marketing, you are actually switching electricity providers.
If you do install an anemometer and measure the wind over one or more years, you should compare the annual average wind speed obtained from your anemometer data to the annual average of the nearest airport or meteo-station for that same year. This will tell you if your site is more or less windy than that airport or meteo-station, and by how much. Then compare that year’s data to the long-term annual average wind speed, and you will know what to expect over the long term, corrected for your particular site. It will not be exact, but it will make your short-term anemometer data much more useful.
Brazil has one of the largest renewable energy programs in the world, involving production of ethanol fuel from sugar cane, and ethanol now provides 18 percent of the country's automotive fuel. As a result of this, together with the exploitation of domestic deep water oil sources, Brazil, which years ago had to import a large share of the petroleum needed for domestic consumption, recently reached complete self-sufficiency in oil.
Due to increased technology and wide implementation, the global glass fiber market might reach US$17.4 billion by 2024, compared to US$8.5 billion in 2014. Since it is the most widely used material for reinforcement in composites around the globe, the expansion of end use applications such as construction, transportation and wind turbines has fueled its popularity. Asia Pacific held the major share of the global market in 2014 with more than 45% volume share. However China is currently the largest producer. The industry receives subsidies from the Chinese government allowing them to export it cheaper to the US and Europe. However, due to the higher demand in the near future some price wars have started to developed to implement anti dumping strategies such as tariffs on Chinese glass fiber.
We harness the earth’s most abundant resources – the strength of the wind, the heat of the sun and the force of water – to power the world’s biggest economies and the most remote communities. Combining onshore and offshore wind, hydro and innovative technologies, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner.
The International Energy Agency projected in 2014 that under its "high renewables" scenario, by 2050, solar photovoltaics and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption, and solar would be the world's largest source of electricity. Most solar installations would be in China and India. In 2017, solar power provided 1.7% of total worldwide electricity production, growing at 35% per annum.