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Tesla Moves Into Home Energy Storage

Elon Musk unveils Tesla Energy, his plan to fundamentally change the way the world uses energy on an extreme scale. Picture: Patrick T Fallon

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Solar is Having a Great Year, Except on Wall Street

      

Solar panels are seen in the Palm Springs area, California April 13, 2015. Picture taken April 13, 2015.
Reuters/Lucy Nicholson

reuters.com - by Nichola Groom - August 14, 2015

By almost any measure, the U.S. solar market is on fire.

Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like California, and the fledgling industry received a vote of confidence last week when U.S. President Barack Obama announced a groundbreaking plan to curb power plant emissions. Even China's currency devaluation could cut panel costs for U.S. solar installers.

Wall Street, however, has been dumping solar shares this year, largely on concern, which investors say is misplaced, that tumbling oil prices will sap demand for alternative energy, even though oil isn't used to generate power.

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Solar Is a Serious Threat to Electric Utilities

energymanagertoday.com - by Karen Henry - August 5, 2015

Eighty percent of electric utilities believe distributed generation (DG), particularly solar photovoltaic (PV), is a serious challenge to their business, according to the 2015 Strategic Directions: US Electric Industry Report released by Black & Veatch.

The global engineering consulting company conducted an industry-wide survey from May 14 through June 5, 2015, to examine how electric utilities balance the intersecting interests of regulation and reliability with increased customer participation in the grid. More than 400 electric utility or electric industry stakeholders completed the online questionnaire.

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Rethinking the Grid

A 1.6 MW wind turbine installed at Mount Wachusett Community College. (Photo credit: Mount Wachusett Community College)

Image: A 1.6 MW wind turbine installed at Mount Wachusett Community College. (Photo credit: Mount Wachusett Community College)

nesea.org - February 17th 2015 - Karl Rabago

For more than 100 years, taxpayers, ratepayers, investors, and policymakers have supported the growth and operations of the electric utility industry. The ratemaking formula, under which capital investment is recovered and healthy profits are guaranteed, has helped make electric service in the United States nearly universal and relatively cheap. For much of the last century, the model leveraged increasing economies of scale to enable the provision of electricity as well as profits and dividends.

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In U.S., there are twice as many solar workers as coal miners

Workers install solar paneling.

Image: Workers install solar paneling.

fortune.com - January 16th, 2015 - Kirsten Korosec

SolarCity, the largest installer of residential solar systems in the U.S., nearly doubled its workforce last year, hiring 4,000 people to do everything from system design and site surveys to installation and engineering.

The hiring spree at SolarCity isn’t slowing; it’s picking up speed as the company attempts to install twice as many rooftop solar systems than last year and readies its 1.2 million-square foot factory in New York, which is scheduled to reach full production in 2017.

SolarCity SCTY plans to eclipse 2014’s hiring numbers, CEO Lyndon Rive tells Fortune.

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Governor Cuomo Launches New Effort to Boost Solar Implementation in Communities Across New York State

An array of solar panels.Image: An array of solar panels.

longisland.com - December 7th, 2014

Governor Andrew M. Cuomo today announced the launch of Community Solar NY, a new effort under the NY-Sun initiative to make implementing solar easier and more affordable for communities across the state. The program launched today supports community projects known as “Solarize” campaigns – locally-organized community outreach efforts aimed at getting a critical mass of area homes and businesses to install solar.

“Transitioning to affordable and clean energy is a large part of our goal of building a better New York State – and today we’re taking another step forward to make that goal a reality,” Governor Cuomo said.

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