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5 Surprising States Where Commercial Energy Storage Works Today

It's easy to focus on states where the burgeoning commercial energy storage markets are already thriving.

"Everyone knows California and New York are ripe," said Ravi Manghani, GTM Research's director of energy storage.

But there are some sleeper states where the economics already work, even though rates of adoption are low. A new report from GTM Research, The Economics of Commercial Energy Storage in the U.S, outlines the states where demand charges at the largest utility in each state would create a favorable rate of return for commercial energy storage. Even if the numbers pencil out, however, there can be other factors that help or hinder behind-the-meter energy storage, from fire codes to utility regulation.

Today, the pure demand-charge economics work in seven states that all provide an internal rate of return over 5 percent. You might be surprised at which states round out the list topped by California and New York.

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Obama Plans To Expand Solar For Low-Income Homes To One Gigawatt

President Barack Obama plans to increase installations of solar power for low-income households 10-fold to one gigawatt by 2020.

Under the Clean Energy Savings For All Initiative announced Tuesday, Obama combined the efforts of six federal agencies to expand or create new programs to help reduce solar energy costs for consumers who might not otherwise have access.

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30% Of The World's Vehicles Will Use Renewables By 2030

We already possess sufficient clean alternatives to take over from most fossil fuels, except the world's economies are market driven. Clean technologies need to be competitively priced before mass adoption is possible. Some argue this will change as the true cost of fossil fuels becomes more evident. A new Lux Research report uses a more conservative approach, when it predicts 30 percent of the world's vehicles will be using renewable by 2030.

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Renewable Energy's New Dance Partners: Banks, Pensions Funds

A funny thing happened on the way to the bank for the solar and wind industries. The erstwhile "alternative" energy that turned off traditional investors as too risky is now attracting traditional financing—piles of it.

As commercial customers and utilities take up solar and wind projects in big numbers, banks and even pension funds and mutual funds are increasingly seeking to finance these projects.

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California ISO Generated 8 GW Of Solar, Topping Last Year's Record By 2 GW

California's new solar production record is an impressive leap over last year's figures, showing just how quickly the state is moving to bring clean energy resources online. Solar generation in California on May 31 last year set a record of 6,078 MW. A little more than a year later, and the new record production was almost 2,000 MW more.

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BoE's Carney Sees Up To $7 Trillion Invested In Renewable Energy

As much as $7 trillion of investment will flow into clean technologies that can help curb pollution and climate change over the next two decades, Governor of the Bank of England Mark Carney said.

Companies and investors can take advantage of the shift to low-carbon energy, spurred by government policies, as they prepare for the risks climate change may bring, such as rising sea levels, Carney said at an event in Toronto on Friday.

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A Grown Up Solar Industry Looks to Lower Costs Through Tech

With more than a million solar panel systems installed across the U.S., turning sunlight into electricity across major states like California, New York, and North Carolina, the solar industry has officially gone mainstream.

Gone are the days when government subsidies dominated the conversation and solar panels were a luxury for the rich. But now a major challenge, like with so many other maturing industries before it, is for solar companies to continue to squeeze out costs wherever possible—from the cost of making panels to the cost of selling and maintaining them.

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Salt Lake City Makes Historic Commitment to 100% Renewables by 2032

Salt Lake City announced Wednesday its commitment to transition to 100 percent renewable energy sources by 2032. The city also plans to reduce carbon emissions by 80 percent by 2040.

Mayor Jackie Biskupski and city council members signed a joint resolution Tuesday creating the Climate Positive 2040 commitment. The resolution acknowledges the scientific consensus that climat change is occurring and is driven by the burning of fossil fuels. City officials also stated in the resolution that changes in water systems and extreme-weather events are affecting Salt Lake City now and will be exacerbated in the future, according to North America Wind Power.

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Energy Storage Would Get U.S. Tax Credits in Bipartisan Bill

Energy storage would gain access to the same tax incentives that helped make renewable energy the biggest new source of electricity in the U.S. last year under a bill introduced in the Senate.

Batteries like the lithium-ion ones in phones and electric vehicles would be eligible for the tax incentives when connected to the utility grid at homes and businesses under a bill introduced Tuesday by Democratic Senator Martin Heinrich from New Mexico. The bill has eight co-sponsors including Dean Heller, a Nevada Republican, according to a statement.

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USDA To Help 821 Rural Small Businesses Boost Renewable Energy Use, Save On Energy Costs

Agriculture Secretary Tom Vilsack announced funding for 821 projects across the nation that will help rural small businesses and agricultural producers reduce energy usage and costs in their operations. The funding is available through the Rural Energy for America Program (REAP) and will be used to make energy efficiency improvements and install renewable energy systems.

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