According to Moody’s Investors Services’ September 2015 report, “Batteries Charge Up For the Electric Grid,” many lithium-ion battery-storage applications could become economically viable by the end of the decade, as long as prices continue to fall.
As our energy mix changes, the need to improve the infrastructure for delivering that power also grows. Utilities recognize that need and are investing in upgrades to their delivery systems. Customers in New York and Pennsylvania are about to benefit from one such upgrade.
According to the September 2015 report, “Visible Light Communication Market—Global Industry Analysis, Size, Share, Growth, Trends and Forecast: 2015–2022,” by Transparency Market Research, the visible light communication (VLC) market is expected to reach $113 billion globally by 2022, growing at a c
Energy storage is indispensable to renewable power’s success. Increasingly, it is also becoming a prominent feature in the appeal of electric vehicles. Storage works at the wholesale and retail levels by facilitating grid stabilization and home energy management.
The U.S. Green Building Council (USGBC) released a 2015 Green Building Economic Impact Study in September that shows buildings are increasingly earning Leadership in Energy and Environmental Design (LEED) certification and that they are still using massive amounts of energy.
In September, the Interstate Renewable Energy Council (IREC), announced the introduction of a newer and much more highly interactive Solar Career Map (SCM) tool. IREC is the national administrator of the Solar Instructor Training Network (SITN).
Solar power continues to suffer from the obstacle of high upfront costs. Although the electricity it generates is free, that is still not enough to make up for the hefty cost of purchasing and installing the equipment for many consumers.
The solar power industry, like much commerce today, thrives on innovation and the drive to do more with less. Recently, one industry leader set a new standard when it announced a solar-panel technology with unprecedented levels of efficiency.
The high price of renewables relative to traditional fuel sources is their biggest drawback. Although the alternative-energy industry has made great strides in bringing down upfront costs, the perception remains that it is a long way from parity with fossil fuels.
According to the latest Census of Fatal Occupational Injuries study from the Bureau of Labor Statistics (BLS), the electrical industry has suffered an increase in fatally injured workers. In 2014, electrician deaths rose by 14 to 78 compared with the 2013 study.
Many electrical contractors devote a lot of resources to advertising and marketing their businesses. However, there is much to be said for basic promotion, which can be less expensive and more effective than traditional marketing efforts, in some circumstances.
According to The Washington Post, the number of wineries around the United States has grown from about 2,000 in 2000 to approximately 8,000 in 2014. In addition, while they tended to be limited to a handful of states 15 years ago, every state, including Alaska, now boasts at least one winery.
Credit does not necessarily go to utilities for the expanding role of green power. Some states, including Arizona and Oklahoma, have made it less cost-effective for homeowners to install their own solar panels.
As the electrical grid gets smarter and the number of severe weather events increases, many may wonder about the reliability of the U.S. electrical power system. A group of researchers put together some hard numbers on the matter and concluded that many areas need improvement.