President-elect Donald Trump is a self-declared climate-change denier who, on the campaign trail, criticized solar power as “very, very expensive” and said wind power was bad for the environment because it was “killing all the eagles.” He also vowed to eliminate all federal action on climate change, including the Clean Power Plan, President Obama’s emissions reduction program for the power sector.
So how will renewable-energy businesses fare under the new regime?
Trump’s rhetoric has had renewable-energy stocks gyrating since the election. But the impact could be far less drastic than many worst-case scenarios. “At the end of the day what Trump says and what is actually implemented are two completely different things,” says Yuan-Sheng Yu, an energy analyst with Lux Research …
The percentage of population with grid access declined in many of the 20 least-electrified nations between 2010 & 2012. Image: SE4ALL
Distributed energy solutions, such as rooftop solar, should be the electrification solution for the 1.1 billion people who are not plugged into a national power grid, not just a stopgap measure. That is the message from a new global industry group, Power for All, launched in New York City this week amidst the latest gathering of the United Nations’ universal energy access program.
Power For All brings together businesses and not-for-profit organizations that distribute off-grid solutions, including solar-LED lights and home power systems. Founding members include San Francisco-based d.light; Arusha, Tanzania-based Off Grid Electric; and London-based NGO SolarAid—owner of solar-LED light global market leader SunnyMoney, which sold 650,000 lights last year.
Their message is that bottom-up distributed energy solutions should be thepreferred solution for assuring universal access to electricity because they are faster, cleaner, and cheaper than extending power grids to rugged or sparsely-populated regions.
Hawaii’s legislature voted yesterday to stake the state’s future on renewable energy. According to House Bill 623, the archipelago’s power grids must deliver 100 percent renewable electricity by the end of 2045. If the compromise bill is signed by the governor as expected, Hawaii will become the first U.S. state to set a date for the total decarbonization of its power supply.
That last jump could be difficult, says Peter Crouch, a power grid simulation expert and dean of engineering at the University of Hawaii’s flagship Manoa campus. “Today I don’t know whether we can do it,” he says. Continue reading →
After months of negotiation, the French government has unveiled a long-awaited energy plan that is remarkably true to its election promises. The legislation’s cornerstone is the one-third reduction in the role of nuclear power that President François Hollande proposed on the campaign trail in 2012.
Under the plan, nuclear’s share of the nation’s power generation is to drop from 75 percent to 50 percent by 2025, as renewable energy’s role rises from 15 percent today to 40 percent to make up the difference. That is a dramatic statement for France, which is the world’s second largest generator of nuclear energy, after the United States. France has a globally-competitive nuclear industry led by state-owned utility Electricité de France (EDF) and nuclear technology and services giant Areva. Continue reading →
An advisory body for Japan’s powerful Ministry of Economy, Trade and Industry (METI) has endorsed a tripling of the capacity to pass power between Japan’s otherwise estranged AC power grids: the 50-hertz AC grid that serves Tokyo and northeastern Japan, and the 60-hertz grid that serves western Japan. This frequency divide hascomplicated efforts to keep Japan powered since the March 2011 earthquake and tsunami — a task that keeps getting harder with the inexorable decline in nuclear power generation (at present just one of Japan’s 54 reactors is operating). Continue reading →
In January we reported that winds across the Northern continents were losing some of their punch, and that climate change threatened to weaken them further — altogether bad news for wind power. In stark contrast, Australian researchers report today in the journal Science that gusts are accelerating over Earth’s oceans.
Unfortunately the trend offers offshore wind power a mixed bag: stronger but also more dangerous winds. “Mean wind conditions over the oceans have only marginally increased over the last 20 years. It is the extreme conditions where there has been a larger increase,” says Ian Young, vice chancellor at the Australian National University in Canberra and principal author of today’s report. Continue reading →
A New York Times article this week concludes that major oil and gas companies are, as the headline roared, “Loath to Follow Obama’s Green Lead.” Such stories bashing Big Oil’s slim investment in renewable energy tend to fall short by failing to consider how renewables intersect with an oil major’s core business, and this one is no exception.
As the Times ably demonstrates, big oil is freezing or cutting investment in renewable energy and doing so from a relatively small base. It notes that Shell, which has frozen spending on wind, solar and hydrogen energy, has invested just $1.7 billion on alternative energy projects since 2004 compared to $87 billion to keep its oil and gas flowing.
That should come as little surprise since Big Oil’s insubstantial and fickle commitment to renewable energy goes back decades. Following the 1973 oil shock, for example, U.S. oil majors of the time such as Mobil and Chevron embraced photovoltaics, only to dump the projects when oil prices crashed and OPEC’s power waned a decade later. British Petroleum’s promise to go “Beyond Petroleum” already looked weak five years ago when it ditched production of next-generation cadmium-telluride thin-film photovoltaics — the technology that Tempe, AZ-based First Solar has since ridden to the top of the world PV market.