BP Bows Out Of Solar, But Industry Outlook Still Sunny

The solar energy business is growing quickly, but future growth will not include oil giant BP. At the IHS CERAWeek energy conference in Houston, BP's CEO made it clear the company is done with solar. "We have thrown in the towel on solar," Bob Dudley said after delivering a wide-ranging speech Wednesday. "Not that solar energy isn't a viable energy source, but we worked at it for 35 years, and we really never made money," he added. BP, which announced it was winding down its solar business last year, says it is still committed to other renewable resources, such as wind power and biofuels production. But the move away from solar is especially striking considering BP's recent history. In 2000, the company changed its logo to resemble the sun and made a big deal of its "beyond petroleum" campaign. BP's exit from solar has more to do with a changing business than lack of will. "The solar industry BP was involved in 10 years ago has very few similarities to the solar industry today," says Finlay Colville, vice president of the research firm NPD Solarbuzz. Colville says BP was one of the early companies in the solar business. Back then, the market was based on a different model — one more focused on research and development. He says now the business is all about efficient production and low prices, something more suited to the Asian companies taking a lead role in the solar panel-manufacturing business; so BP's exit from solar doesn't mean the industry overall is in trouble.

TÜV SÜD at Hannover Messe 2013: Blue Solutions for a Green Future

At Hannover TÜV SÜD will showcase services for renewables and smart grids, energy efficiency and energy management in industry, and the safety and security of embedded systems. The experts can be found at the trade fair Energy (Hall 13, stand C48) and the trade fair Wind (Hall 27, Stand H26).

Shoals Technologies Group Hosts Grand Opening of New Shanghai Office

Shoals Technologies Group, the global leader in photovoltaic OEM and balance of systems components, officially opened its office in Shanghai, China, on 07 March, 2013, keeping with the company's focus on providing the highest level of service and support to clients of the APAC region.

Solar Freedom Now Releases White Paper ‘A Roadmap for Reducing Rooftop Solar Costs by 50%'

Introduces Advisory Board Of Solar Industry Veterans

After Mexico and Japan, Meteodyn is prospecting the Ukrainian wind energy market!

Meteodyn will attend CISWIND 2013 – Kiev – March, 27-28 2013.Eastern Europe and nations with coastlines facing the Adriatic, Baltic, Black and Caspian Seas a number of wind projects are underway. Meteodyn wants to bring its expertise to these new growing markets.

VSHEW, IHK and Messe Husum stage energy storage forum

German and Danish experts present solutions for storing cold, heat, hydrogen and wind power

Solar Market Differentiation Results in Price Increase of High Efficiency Products

Benefiting from the increasing product popularity in the spot market, downstream manufacturers have started to raise the price.

Infocast Presents the 3rd Defense Renewable Energy & Military Microgrids Summit

Gain a thorough understanding of the Department of Defense's renewable energy needs and how the programs work to succeed in this growing market.

EnerG2 Secures ISO 9001:2008 Certification

21st Century Energy Storage Manufacturer Achieves Certification During First Year of Plant Operations

Gridtential Energy Raises $1M Seed Funding for Advanced Battery Technology

Gridtential Energy, Inc., a developer of low-cost, high-performance energy storage technology, today announced that The Roda Group has led the company's seed round of financing.

U.S. Exports Will Expand Wind Farm in Honduras: Ex-Im Bank Supports 200 Jobs in Six States

Ex-Im Bank approves loan to Honduran power company to support 200 U.S. jobs through export of wind turbines made in America.

IDEA Members Johnson Controls, Cogenra Launch Chiller Solutions with Advanced Solar Technology

Combined technologies collect 75 percent solar energy, qualify for incentive

Alstom enters Canadian wind market through an agreement with NaturEner

March 6, 2013 - Alstom and NaturEner Energy Canada, Inc.

Palo Alto Plugs into 100% Carbon Neutral Electricity---One of First Places on Earth to do so

The Palo Alto City Council voted Monday night to implement a Carbon Neutral Plan, which commits the City to pursuing only carbon neutral electric resources, effective immediately and from now on. Palo Alto is now one of very few entities worldwide who can claim to be purchasing completely carbon-neutral electricity.

French Gerleman Completes Solar Testing and Learning Center, Launches Clean Energy Group

French Gerleman, an independent distributor of electrical, automation, datacom and power transmission equipment, recently completed installation of one of the area's largest and most complex solar arrays, designed to test and demonstrate a wide variety of components and technologies while offering customers an educational environment to help them make informed decisions.

Records 13381 to 13395 of 25157

First | Previous | Next | Last

Solar & Wind - Featured Product

FischTank Marketing and PR - Shine a Spotlight on your Vision. - PR can Help.

FischTank Marketing and PR - Shine a Spotlight on your Vision. - PR can Help.

FischTank Marketing and Public Relations provides communications and marketing services to both start-up and established renewable energy companies. We provide media relations, content writing, digital/social media, and other marketing support to companies working in sectors spanning solar, LED lighting, energy storage, hydrogen, battery development and manufacturing, alternative fuels, and more. Our clients have been featured in top tier media including print, online and broadcast.