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.
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, 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.
Introduces Advisory Board Of Solar Industry Veterans
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.
German and Danish experts present solutions for storing cold, heat, hydrogen and wind power
Benefiting from the increasing product popularity in the spot market, downstream manufacturers have started to raise the price.
Gain a thorough understanding of the Department of Defense's renewable energy needs and how the programs work to succeed in this growing market.
21st Century Energy Storage Manufacturer Achieves Certification During First Year of Plant Operations
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.
Ex-Im Bank approves loan to Honduran power company to support 200 U.S. jobs through export of wind turbines made in America.
Combined technologies collect 75 percent solar energy, qualify for incentive
March 6, 2013 - Alstom and NaturEner Energy Canada, Inc.
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, 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.
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