The U.S. Environmental Protection Agency's (EPA) proposed Clean Power Plan is the latest in a series of regulations that, in conjunction with rising natural gas prices, will increase the cost of electricity and natural gas by nearly $300 billion in 2020 compared with 2012, according to a study by Energy Ventures Analysis for Peabody Energy.
The U.S. Energy Information Administration (EIA) has released a new tool for tracking U.S. crude oil imports, allowing policymakers, analysts, and the public to more easily track trends in this area. The tool sheds light on the adjustments to imports being made in response to growing production of crude oil within the United States and is just one part of EIA's ongoing effort to assess the effects of a possible relaxation of current limitations on U.S. crude oil exports, which is another avenue to accommodate domestic production growth.
With energy costs weighing them down, data centers are considering renewable energy as one of the top emerging technologies to address power and cooling costs, according to a Mortenson survey. Of corporate data center executives, data center developers and operators, and information technology providers surveyed at the 2014 Data Center World conference, 84 percent said they needed to consider renewable forms of energy, such as wind and solar, to manage future needs.
Europe is getting serious about energy efficiency in its commercial buildings. As a result of legislation, mandatory changes to country-level building codes are increasing the performance requirements that apply to new construction and major renovations of existing buildings. These codes are pushing toward the delivery of nearly zero energy buildings by 2019 and 2021 for public and private buildings, respectively.
According to new U.S. Census Bureau statistics, revenues for electric power generation industries that use renewable energy resources rose 49.0 percent from $6.6 billion in 2007 to $9.8 billion in 2012, and include hydroelectric, wind, geothermal, biomass, solar and tidal energy.
The global market for zero net energy (ZNE) commercial buildings is expected to grow to $239.7 million by 2018, according to BCC Research, with a five-year compound annual growth rate (CAGR) of 50.6 percent driven by a global green building boom, ongoing governmental regulations, and regional environmental concerns.
The National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) have released studies demonstrating potential additional energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.
The U.S. Environmental Protection Agency's (EPA) Clean Power Plan proposal to curb carbon pollution from power plants overestimates the electric power industry's compliance costs by as much as $9 billion, according to a Natural Resources Defense Council (NRDC) report.
Last year was the first time the GWA and SGPC published the GMI based upon the degree to which the states and DC had progressed toward the "Grid of the Future." The GMI is designed with future requirements for a modernized electric grid in mind.
The smart grid is becoming big business, driven by the need for a more responsive, automated global power grid. With the past two years seeing rapid technological advancements and shifting priorities among industry players, as well as a clearer picture of the quantifiable benefits of smart grid technology like improved grid reliability and economics, business is booming.