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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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The increase in fuel consumption we are forecasting for the summer driving season is a reflection of optimism about the US economy as COVID-19 vaccinations and fiscal stimulus support continued recovery. For diesel fuel, EIA expects retail prices to average $2.91/gal gal this summer, up from an average of $2.43/gal gal last summer.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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On May 25, 1961 President John F Kennedy, in a special joint session of Congress, declared, “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the earth. Perspective by The Townsend Company. RPS policies as of March 2011.

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Research Suggests Renewables Could Generate 40% of Global Power by 2050

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Renewable energy technologies could generate 40% of the world’s electricity by 2050, according to research presented at the International Scientific Congress “Climate Change: Global Risks, Challenges & Decisions”. Professor Petersen. More specifically, Germany has more than doubled its share of renewable energy since 2000.

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US Departments of Treasury, Energy Announce More Than $3B in Recovery Act Funds for Direct Payments for Renewable Energy Projects

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Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will provide direct payments in lieu of tax credits in support of an estimated 5,000 biomass, solar, wind, and other types of renewable energy production facilities. Eligible types of renewable energy propertires inlcude: Large and small wind.

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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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The focus must be on the decarbonization of the global energy system as it accounts for almost two-thirds of greenhouse gas emissions. IRENA’s macroeconomic analysis suggests that such investment creates a stimulus that, together with other pro-growth policies, will: boost global GDP by 0.8%

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Billion vs. $28.3 Billion in 2008). Many participants at the conference expect a 30% decline for the year overall.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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Energy storage technologies represent an alternative to traditional grid management using generation assets such as natural gas peakers to balance the grid by adding power to it. The firm forecasts that load leveling/peak shifting will represent 31% of the total market, followed by arbitrage (12%) and T&D upgrade deferral (7%).