The NEWS spoke with Doug Dougherty, president and CEO of the Geothermal Exchange Organization, about the impact of the tax credit, trends in geothermal, and GEO’s increased focus on state-level policies.
California has now signaled that it, too, intends to follow Germany down the renewable energy path. In September, the governor signed a bill requiring that 100 percent of the state’s electricity be generated by renewable energy sources such as solar or wind by 2045. This is an expensive proposition and will significantly boost California’s already high residential electricity costs, which are currently about $.20/kWh.
California has now signaled that it, too, intends to follow Germany down the renewable energy path. In September, the governor signed a bill requiring that 100 percent of the state’s electricity be generated by renewable energy sources such as solar or wind by 2045. This is an expensive proposition and will significantly boost California’s already high residential electricity costs, which are currently about $.20/kWh.
Commercial buildings have high energy needs, and it’s no secret that the HVACR system is one of the largest sources of electricity consumption in them. Since the U.S. Energy Information Administration (EIA) began tracking energy use through its Commercial Buildings Energy Consumption Survey (CBECS) in 1979, total energy consumption has almost doubled.
With rising corporate commitments and shifting regulatory requirements, companies across Europe are looking for ways to quickly advance renewable energy and sustainability initiatives. To help accelerate the pace, Schneider Electric announced it’s expanding the reach of the New Energy Opportunities (NEO) Network, a growing community of forward-thinking corporations committed to buying and developing renewable energy and cleantech around the world.
In the last decade, solar has experienced an average annual growth rate of 68 percent. This has been spurred, in part, because the cost to install solar has dropped by more than 70 percent since 2010, which has led the industry to expand into new markets and deploy thousands of systems nationwide.
According to Secretary Rick Perry, in a statement released June 1, 2017, “Today, the president announced that the U.S. will no longer be bound by an agreement unilaterally entered into by the Obama administration. This was neither submitted to nor ratified by the U.S. Senate and is not in the best long term economic interest of the U.S. President Trump’s decision will prove to be the right course of action and one I fully support.