A Solar Renewable Energy Credit, often referred to as an SREC, represents the renewable component of 1 megawatt hour of power production generated from a solar photovoltaic system.
It's not surprising that CFOs are a little nervous about investing hundreds of thousands of unbudgeted dollars in projects with hard-to-believe savings estimates. Unfortunately, this industry is somewhat a victim of its success - the better the products, the harder the estimates are to believed.
Advancements in battery technology and recharging capabilities will drive adoption. Since the beginning of 2013 we have not only seen fast-charging stations that rapidly refill a battery but also wireless recharging capabilities and battery swap techniques.
Some First Nation communities have initiated solar and wind power and mini hydroelectric initiatives but more needs to be done to ensure that all remote communities have access to clean and affordable energy.
Solar Power International 2013 (SPI ‘13), North America's premier business-to-business event for professionals in solar energy, brings new formats and focused sessions to educational programming during the annual show, taking place in Chicago from October 21 - 24 at McCormick Place. With six conference tracks, pre- and post-conference workshops and Solar Idea Swaps, SPI offers solar professionals the opportunity to engage with the future of the industry. Event details and attendee registration information is available at solarpowerinternational.com. "SPI is the place for the solar industry to gather and learn from experts, industry leaders and each other about the advances, trends and changes that affect our business," said Stephen Miner, CEO of SPI ‘13 organizer - Solar Energy Trade Shows. "We want each and every attendee to go home with a new perspective and greater understanding of the industry, and we've targeted our educational programming to ensure solutions-based learning." General Sessions Designed to inspire and challenge attendees, the 2013 General Sessions introduce breakthrough technologies and invite role reversal.
A 300,000 square foot refrigerated warehouse in Delanco, New Jersey, burned down last week, and the local fire chief says solar panels are partly to blame. No, the 700 solar panels on top of the Dietz & Watson warehouse didn't cause the fire, but their presence did dissuade Delanco Fire Chief Ron Holt from putting his team on the roof. "With all that power and energy up there, I can't jeopardize a guy’s life for that,” Holt told NBC Philadelphia. The only thing firefighters fear more than fire is solar. So long as a solar panel is getting sunlight, it's impossible to turn off. "During daylight, there can be enough voltage and current to injure or even kill a firefighter who comes in contact with the energized conductors," Matthew Paiss, a fire engineer with the San Jose Fire Department, wrote in a handy guide for firefighters. The Dietz & Watson warehouse fire started when the sun was out. By the time the sun went down, the fire was beyond control. The warehouse burned for 29 hours. As Paiss explained in his essay on solar panels and firefighting, roof access is crucial for firefighters: Full Article:
Renewable energy advocates have long argued that subsidies for wind, solar and other forms of clean power would eventually drive down their costs and allow them to be competitive with conventional, dirty energy (itself often subsidized). It looks like they could be right – to an unexpected degree. An analysis by financial advisory and asset management firm Lazard has found that the levelized cost of energy from wind power has plunged by more than 50 percent in the past four years. “While many had anticipated significant declines in the cost of utility-scale solar PV, few anticipated these sorts of cost declines for wind technology,” the report said. Wind isn’t the only clean energy technology making remarkable progress, according to the Lazard analysis. Solar is on a winning trend as well: The current and anticipated costs of all forms of utility-scale solar PV continue to decline; the study estimates that the LCOE of leading technologies has fallen by more than 50 percent in the last four years. Utility-scale solar PV is a competitive source of peak energy as compared with conventional generation in many parts of the world, without any subsidies (appreciating the important qualitative differences related to dispatch characteristics and other factors).
It’s widely believed that China is the world’s dominant manufacturer of solar panels because of its low labor costs and strong government support. But a new study by researchers at MIT and the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) shows that other factors are actually more significant — suggesting that the United States could once again become cost-competitive in photovoltaic (PV) manufacturing. As of 2011, manufacturers in China accounted for 63 percent of all solar-panel production worldwide. But a detailed analysis of all costs associated with PV production shows that the main contributors to that country’s lower PV prices are economies of scale and well-developed supply chains — not cheap labor. “We developed a bottom-up model,” explains Tonio Buonassisi, an associate professor of mechanical engineering at MIT and a co-author of the new report, just published in the journal Energy and Environmental Science . The researchers estimated costs for virtually all the materials, labor, equipment and overhead involved in the PV manufacturing process. “We added up the costs of each individual step,” he says, providing an analysis that’s “very rigorous, it’s down in the weeds. It doesn’t rely solely on self-reported figures from manufacturers’ quarterly reports. We really took great care to make sure our numbers were representative of actual factory costs.”
Industry leaders will take on the uncertain future of the renewable energy industry when they gather for the 2013 Renewable Energy Technology Conference & Exhibition (RETECH). The conference will feature key leaders and decision makers who will share insights on renewable energy and what the foreseeable future holds for an industry that faces major hurdles over financing, cost and public perception. "RETECH has become a key meeting place for the renewable energy industry with government, utility, technology and finance professionals from 35 countries discussing the ways they're driving the growth of renewable energy in the US and around the world," said Jenn Heinold, Vice President, RETECH. "I am very excited for this diverse group of industry voices who play a central role as we look toward the future of renewables." Speakers and panel discussions at RETECH 2013 will address major issues facing the industry including project financing, how our markets are trending, and what role our government will play in the industry future. Industry experts will join Congressman Paul Tonko (D-NY) in the opening panel (Through the looking glass: The future of renewable energy technology) as they discuss the latest trends and predictions.
California Sets Quarterly Record for Solar PV in Q2'13 as US Adds 976 MW, According to NPD Solarbuzz
The US added 976 megawatts (MW) of new solar photovoltaic (PV) capacity during the second quarter of 2013 (Q2’13), up 24% Q/Q from 788 MW in Q1’13, according to the latest NPD Solarbuzz North America PV Markets Quarterly report. “In Q2’13, new PV installed in California alone reached 521 MW, which is a new record for PV added by any state in the US for a three-month period and 53% of PV added in the US,” according to Finlay Colville, Vice President at NPD Solarbuzz. “California has added 1.6 GW in the past 12 months, with a further 1.1 GW forecast for the second half of the year.” During Q2’13, 72% of solar PV installations were ground mounted, with the remaining 28% from residential and commercial rooftops. Utility-based PV projects accounted for 59% of quarterly demand, with the remaining 41% split between commercial and residential installations. Strong demand continues to come from the ground-mount utility segment. PG&E has recently completed several large-scale projects within California, including the California Valley Solar Ranch, phase three of Topaz Solar, phase two of Antelope Valley Solar Ranch, and Gates Solar Farm. Other large ground-mount projects include the Arizona Public Service Agua Caliente plant and phase one of PG&E’s Copper Mountain Solar 2 in Arizona. Solar PV demand in the US is forecast to grow 14% Q/Q to 1.04 GW in Q3’13. During 2H’13, Arizona and North Carolina together will add 400 MW and an additional 500 MW will come from New Jersey, New Mexico, New York, and Texas.
The Solid-Oxide Fuel Cell Tactical Electrical Power Unit is aimed at reducing the need to transport fuel around the battlefield, especially in dangerous theaters like Afghanistan, where enemies routinely target supply routes with homemade bombs.
In general, ultracapacitors are great solutions whenever the power demand is high, but the duration is short. For example, we are expanding into the diesel truck market, where the high power demand of engine starting can place a great strain on the batteries, greatly lowering their useful life.
The Hybrid Renewable Energy Forecasting (HyREF) solution combines big data analytics and weather modeling technology to accurately forecast the availability of wind power and solar energy.
The implementation of ASIC based current transducers opens up functionality that the traditional discrete component transducers could never achieve.
On Tuesday, the U.S. Department of Defense announced a total of 22 new defense contracts worth a combined $7.59 billion. Notwithstanding the large headline number, one single contract accounted for 92% of the funds on offer. This contract, a massive $7 billion deal to supply solar energy "from renewable and alternative energy production facilities that are designed, financed, constructed, operated and maintained by private sector entities," involves some 22 separate companies. Taking the form of a multiple-vendor, indefinite-delivery/indefinite-quantity, firm-fixed-price, non-option, non-multiyear contract, vendors will bid against each other to sell solar energy to the U.S. Army in response to individual "task orders" issued by the U.S. Army Corps of Engineers. Once won, a task order will be funded out of the $7 billion "pot" of funds allocated under this master Power Purchase Agreement. Bidders who won the right to compete for these task orders number 22, out of a total of 114 bids submitted. Most of the winners are either small, privately held concerns or small subsidiaries of foreign energy utilities whose stocks are not listed in the U.S.
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SolarRoofHook's Low Profile QuickBOLT with Microflashing™ is the industry's affordable, UL Certified Asphalt Shingle mounting system. The Microflashing™ is compressed by the collar on the bolt to create a water-tight seal. With an installation time of less than one minute, the Low Profile QuickBOLT allows installers to complete more jobs.