New Jersey recently created the first-in-the-nation “Energy Resilience Bank (ERB).” Designed to address a repeat of the devastating impacts of SuperStorm Sandy, when over 8 million people lost electric power in the region, the ERB will provide $200 million for municipalities to finance clean resilient power solutions.
Every so often, an idea seems to take on a life of its own. For example, a year or two ago, every energy blogger was talking about “solar soft costs,” and how to reduce them. Recently, the phrase du jour is “utility death spiral.”
We in the Northeast have seen firsthand the enormity of the changes wrought by Hurricane Sandy – not only the storm damage itself, but subsequent and longer-lasting changes in state policy addressing resilient power and the electric grids.
A little over a year ago, the Massachusetts Clean Energy Center (MassCEC) began construction of the New Bedford Marine Commerce Terminal, a multi-purpose facility designed to support offshore wind deployment on the Atlantic coast.
We have been tracking various state and federal initiatives that address resilient power and related issues, such as the integration of renewables and other distributed generation resources, the need to move to a more decentralized power system, and the need to create functioning markets for societal benefits such as resiliency and clean energy.
We here at CEG/CESA have been touting the growing market for solar combined with electricity storage for a while now. But apparently when Morgan Stanley says something, people listen.
The IPCC climate report issued this week is tough reading. It suggests we are far from deploying clean energy technologies at the scale needed to reduce greenhouse gas emissions in time to avoid catastrophic impacts.
The UK Green Investment Bank (GIB) today announced it will make two unprecedented equity investments in the UK offshore wind sector.
The New Jersey Board of Public Utilities’ (BPU) decision last week to reject the Fishermen’s Energy offshore wind project is another setback to building an offshore wind industry in the US, but at heart really points out a Catch 22—how do you get jobs in a newly emerging industry that requires substantial upfront public capital before those jobs are present?
If you are an environmental lawyer, there is nothing more deflating than reading a judge’s decision that clinically rejects all your best arguments. I know because I have had my share of losing environmental cases.
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