Almost all of the commercial and industrial DR activity currently is taking place in the United States, but this leadership is expected to erode over the next 10 years, as regions all over the world start or continue the pilot phase of DR and build out full-scale markets or programs.
The government has made strides in modernizing its infrastructure, as well as integrating and managing the latest technology, to meet its energy-efficiency targets. Access to better data and the ability to integrate that data into this new infrastructure and technology will be essential for federal agencies to build on their progress and meet their energy-efficiency and energy security goals.
India and the United States agree that the smart grid is necessary for the transformation of the power grid, and recognize that close collaboration and sharing of best practices is hugely beneficial to both countries and the world. At the Smart Grid Interoperability Panel's (SGIP) recent conference, the India Smart Grid Forum (ISGF) and SGIP signed a Memorandum of Understanding (MOU), proposing an approach to enhance the coordination between the two organizations.
There are strong differences of opinion on how the future of energy transmission in the United States will unfold and how much of that change will take place over the next 10 years, but most utilities are in agreement in their belief that they are losing ground to new competitors as the United States moves to significantly expand and strengthen its electrical grid. That is according to a Mortenson Construction survey of utility executives.
The rapidly changing market for electric vehicles (EV) is a small but growing part of the global automotive industry that, with increasing penetrations, will provide environmental, economic, and energy security benefits.
Seniors are in for a world of hurt if the U.S. Environmental Protection Agency (EPA) imposes its Clean Power Plan to reduce carbon dioxide emissions at power plants. That claim comes from the Association of Mature American Citizens (AMAC) in the wake of an impact assessment report by the Southwest Power Pool (SPP) that warns of dire short- and long-term consequences like power outages and blackouts for 15 million consumers in nine states.
In a study of 54 U.S. energy industry chief executive officers (CEO), many are encouraged by the economic recovery. Specifically, 41 percent are confident about growth prospects in the industry and 52 percent express more confidence about their own companies' prospects for growth, according to the results of the KPMG study. Nearly two-thirds of respondents expect to record their greatest profits in 2016 and 2017, with the same amount intending to increase the number of people it employs over the next three years.
With the technological advances and resultant surge in oil and gas production in the last few years, it is not surprising that the number of patents issued to energy companies has increased substantially. In 2012 alone, the world's three largest oilfield service providers (Schlumberger, Halliburton and Baker Hughes) secured a combined total of over 1,000 patents-- more than double the number they received just a decade ago.
The U.S. Department of Energy (DOE) has made available more than $53 million for 40 innovative research and development (R&D) projects that drive down the cost of solar energy, using next generation photovoltaic (PV) solar technologies and advanced manufacturing processes, and addressing both hardware and non-hardware "soft" costs of solar installation.
Wind venture capital (VC) funding came in at $140 million in one deal in the third quarter-- compared to $48 million in four deals in the second quarter of 2014. In the third quarter of 2014, total corporate funding in the wind sector came totaled $2.4 billion, including VC funding, public market financing and debt financing.