Event: RETECH 2009
Readiness of Renewable Energy Industry to Meet Global Energy Demand, Stimulus PlanâEUR(TM)s Impact on Renewable Energy Industry, Global Economic Slump Are Key Topics in Opening Session
FOR IMMEDIATE RELEASE
American Council On Renewable Energy (ACORE)
Ph: +1-202-393-0001 x7552
February 25, 2009âEUR"Las Vegas, NV: Nearly 3,000 executives and renewable energy professionals from over 1,250 technology companies, research institutions, project developers, financial firms, law firms, engineering firms, consulting firms, colleges & universities, government agencies and others gathered today at the Renewable Energy Technology Conference and Exhibition (RETECH 2009) for the beginning of this, the worldâEUR(TM)s biggest renewable energy conference. The conference, taking place February 25-27, 2009 in the Las Vegas Convention Center in Las Vegas, NV is hosted by the American Council On Renewable Energy (ACORE).
While acknowledging the pressure of the global economic downturn, Michael Eckhart, President of ACORE, nonetheless opened the conference by expressing confidence in the ability of the renewable energy industry, saying, âEURoeBased on what we see at RETECH 2009, itâEUR(TM)s clear that the renewable energy industry is ready to respond to market signals and government policy. This industry is ready to go ahead, fast. We have an obligation to have the renewable energy industry succeed because the outcome of our industryâEUR(TM)s product is social improvement.âEUR
Giving a nod to the work already done, General Wesley Clark urged the US government to step forward decisively in setting strong energy policies. âEURoeWeâEUR(TM)ve made great progress in federal and state policies,âEUR remarked General Clark, âEURoebut there is much more to be done, more leadership to be shown. We need to get going on renewable energy projects to take advantage of this moment. The government will help us but we have to bring technology, investors and landholders together. We are the only ones who are going to do this.âEUR
Katrina Landis, Group Vice President, Alternative Energy, BP talked about both the challenges and the unprecedented opportunities that the renewable energy industry is now facing. âEURoeThe key is to develop a sustainable business model which addresses the three major concerns of energy security, the environment and the economy. Ultimately a sustainable model depends on creating market frameworks that makes alternative energy competitive in its own right âEUR" without the need for ongoing public support. This is our industryâEUR(TM)s big chance.âEUR
German Bundestag member Hermann Scheer acknowledged the USâEUR(TM)s prominence in renewable energy. âEURoeAmerica has many pioneers in renewable energy. ItâEUR(TM)s gratifying that we can now see success in those efforts.âEUR But at the same time, he said that we are facing 7 different world energy crises and, âEURoeTime is running out. We must form an alliance against âEUR~postponers.âEUR(TM) We must translate macro economic benefits into micro economic incentives in renewable energy.âEUR Scheer was instrumental in establishing the recently formed IRENA group (International Renewable Energy Agency), whose charter is to promote the widespread and sustainable use of renewable energy on a global scale.
âEURoeWe need decisive, strong public policies as a framework for our investment decisions,âEUR said Nancy Floyd, Managing Director, Nth Power, referencing President ObamaâEUR(TM)s emerging renewable energy policies. âEURoeWhile we face a perfect storm of competition for global energy supplies, renewable energy production addresses a way to create jobs and unleash the flow of VC dollars. Twenty percent of the federal stimulus package will be going towards the renewable energy industry. We will be setting the economic recovery of this countryâEUR"and the world.âEUR
Speaking to the need for a comprehensive, national energy strategy, Kateri Callahan, President of the Alliance to Save Energy, talked about the symbiotic relationship between energy efficiency and renewable energy. âEURoeRenewable energy and energy efficiency can do more together than either alone.âEUR
The world economic situationâEUR(TM)s impact on renewable energy providers was at the top of the agenda during todayâEUR(TM)s conference opening session. âEURoe DonâEUR(TM)t use the Dow Jones indicators as a report card for the success of the Obama AdministrationâEUR(TM)s success. Capital will start flowing again when the new government policy rules have been made clear, âEURoe said John Cavalier, Managing Partner, Hudson Clean Energy Partners. âEURoeThe government has opened the door for the renewable energy industry, now we have the responsibility to walk through it.âEUR
Highlighting the unique promise at this inflection point in the renewable energy industry, John Geesman, Former Commissioner, California Energy Commission addressed President ObamaâEUR(TM)s support and commitment to clean energy. âEURoeThe decision of the President to make his cause our cause is a watershed moment for the renewable energy industry. The President has set a clear, measurable and tangible goal that provides a benchmark against which every interest group, every industry will be measured. ThereâEUR(TM)s something everybody can do at any and all levels of government to support renewable energy.âEUR Geesman finished on a note of optimism by quoting Thomas Paine, âEURoeWe have it within our purview to begin the world over.âEUR
In urging all Americans to get involved in slowing climate change, âEURoeWe have the tools in hand today to make the plan to Repower America with 100% clean electricity within ten years a reality, said Alliance for Climate Protection CEO Cathy Zoi. âEURoeTechnology gets us part of the way there, but we will need every American getting involved, one by one, to truly solve the climate crisis.âEUR
One way ACORE is facilitating President ObamaâEUR(TM)s goal of doubling renewable energy in three years is by establishing the DREAM Initiative (Doubling of Renewable Energy in America). ACORE has asked for every renewable energy organization in the United States to present a DREAM Action Plan at RETECH 2009. (View the submitted DREAM Action Plans.)
In addition to a myriad of presentations by 240 speakers, the conference will feature high-level speakers including Eric Daniels (Vice President, Technology of BP), John Eber (Managing Director-Energy Investments of JP Morgan), Daniel Kammen (Founding Director, Renewable and Appropriate Energy Laboratory, University of California) and Jeff Kretch (Manager of Dell's Global Facilities Global Sustainability Program). Additionally, members of President ObamaâEUR(TM)s transition team and new administration will be participating throughout the conference.
WHEN: Wednesday, February 25
Plenary on Renewable Energy in the Stimulus Bill: 9:00 am âEUR" 12:00 Noon
Trade Show: 12:00 pm -- 7:30 pm
Business Conference & Side Events: 9:00 am -- 6:00 pm
Opening Reception: 6:00 pm -- 7:30 pm
Thursday, February 26
Trade Show: 10:00 am -- 7:30 pm
Business Conference & Side Events: 8:30 am -- 6:00 pm
Gala Reception: 6:00 pm -- 7:30 pm
Friday, February 27
Trade Show: 10:00 am -- 3:00 pm
Business Conference & Side Events: 8:30 am -- 12:00 pm
Las Vegas Convention Center
850 Las Vegas Blvd. N.
Las Vegas, NV 89101
CREDENTIALS: The RETECH media pass admits journalists to all RETECH 2009 events including the Trade Show and Official Side Events. Credentials are needed for access to all RETECH 2009 events.
FOR UPDATED EVENT INFORMATION: Check these web pages for updated information on the events credentialed journalists will have access to:
About ACORE: http://www.acore.org
RETECH 2009: http://www.RETECH2009.com
RETECH Program: http://www.retech2009.com/business-conference/program
Exhibition Hall: http://www.retech2009.com/trade-show
Official Side Events: http://www.retech2009.com/side-events
RETECH 2009 is hosted and produced by the American Council On Renewable Energy (ACORE), which also produces the highly-respected Phase II National Policy Conference in Washington, DC, and the Renewable Energy Finance Forums (REFFs) on Wall Street and in Seattle.
âEURoeACOREâEUR(TM)s conferences are a cut above the others because they feature top executives and professional leaders of the renewable energy field as speakers, so the learning factor is extremely high, for top executives and well as mid-career professionals and younger people coming into the businessâEUR said John Cavalier, managing Partner at Hudson Clean Energy Partners and former Chairman of Energy Investment Banking at Credit Suisse.