By ACORE's Transportation Associate Pete Metz
ACORE’s Transportation Initiative launched in early 2012 to position our organization at the intersection of the renewable energy industry and the transportation sector. ACORE recognized this as an important opportunity for a number of reasons:
The renewable energy industry has gone from a media darling to often being blamed for a wide range of problems and economic issues. Those problems often in truth have little or nothing to do with the underlying business propositions of the projects that make up the sector, and we at AOL Energy hear feedback and complaints from the industry all the time.
Support for renewable energy by the Obama administration has made the sector a political football, with the Romney campaign attacking green energy projects without much nuance. Many forms of renewable energy are in fact actively supported by Republicans who might shy away from the “green energy” label, and that reflects an evolving complexity that has proved difficult for much of the media to cover.
If there were any doubts about the global potential for renewable energy, Michael Lewis, COO at E.ON Renewables, quickly put them to rest. Opening up Thursday's keynote at this years RETECH conference in Washington, D.C., Lewis told the audience renewables will continue to expand, with global capacity expected to increase three-fold by 2020. "When people ask me if renewables are just a niche, I show them the data we've put together," he said.
Lewis expects the industry to grow between seven to fourteen percent leading up to 2020. And he thinks investment dollars will follow, citing the seventeen percent year-over-year growth for renewables in 2011. He explained that in spite of the natural gas surplus in the United States, renewables like solar bring predictability to pricing, which reduces volatility in wholesale and retail utility markets.
October, 9 2012
I joined the ACORE team about five months ago after I finished my undergraduate work at Rutgers University. The first thing I noticed when I joined ACORE is how dedicated the staff is to promoting renewable energy. In so many ways ACORE is at the center of the renewable energy industry. This is reflected in the architecture of ACORE events that facilitate business collaboration and networking among all sectors of the industry and provide unique opportunities to learn about the state of the industry from a wide and inclusive perspective. I've heard tremendous conversations at these events regarding clean technology, investment, policy, and numerous other issues and hope conversations of that caliber reach a larger audience through this Guest Blog.
Submitted By ACORE Member, The Heat is Power Association
There is a largely unheralded fuel that is continuously produced at nearly every energy intensive industrial process in the
What is this mystery fuel? Waste Heat. Recoverable waste heat is produced around the clock in substantial quantities each day. If harnessed to produce power in the US, waste heat could generate as much as 10 GW of emission-free electricity, enough to power 10 million American homes, provide $3 billion in savings for US industry, and spur the creation of 160,000 new American jobs.
By Vice Admiral (Ret.) Dennis McGinn, President, American Council On Renewable Energy
As a 35-year veteran of the U.S. Navy, I know that it’s better to be proactive rather than reactive when making a decision. On the battlefield you cannot wait for 100% certainty to make a decision. The element of risk is always present when making a decision, especially investing into a project, company, or technology. It is how our markets work; how businesses get started and thrive— or fail. And despite due diligence, a few clean tech companies are among the many companies that have failed in this rocky economy. The difference with the failed clean tech companies is that they have been singled out and spotlighted by detractors as “proof” that clean energy is just too risky to invest in. This is far from the truth as financial analysts predict over a trillion dollars will be invested in the global solar industry in the next decade. Companies like Berkshire Hathaway subsidiary MidAmerican Energy Holdings Company have committed $6 billion to U.S. wind energy. Google has invested nearly $1 billion in clean energy. And Goldman Sachs plans to invest $40 billion in renewables over the next decade.