NewEnergyNews: QUICK NEWS, March 11: $17.8 BIL MARKET BROKE RECORDS IN 2014 WITH 6.2+ GW BUILD; HOW THE U.S. CAN LEAD WORLD WIND; WHERE THE ENERGY STORAGE BOOM IS

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  • Here Comes The EV Invasion
  • EPA Proposes Ratepayer Subsidy For Coal And Nukes
  • Breakthroughs In Climate Change Begin With Communication

    Wednesday, March 11, 2015

    QUICK NEWS, March 11: $17.8 BIL MARKET BROKE RECORDS IN 2014 WITH 6.2+ GW BUILD; HOW THE U.S. CAN LEAD WORLD WIND; WHERE THE ENERGY STORAGE BOOM IS

    $17.8 BIL MARKET BROKE RECORDS IN 2014 WITH 6.2+ GW BUILD The US Installed 6.2GW of Solar in 2014, Up 30% Over 2013; GTM Research and SEIA announce the latest findings from the U.S. Solar Market Insight report.

    Mike Munsell, March 10, 2015 (Greentech Media)

    New photovoltaic (PV) solar installations in the U.S. reached a single-year record 6,201 MWs in 2014, 30% higher than 2013. The U.S. also built 767 MW of concentrating solar power (CSP) last year, according to the GTM Research-Solar Energy Industries Association U.S. Solar Market Insight 2014 Year in Review. Solar was 32% of U.S new generating capacity in 2014, more than every other generation source except natural gas…3.9 GW of utility-scale PV projects went on-line last year…Residential PV grew to 1.2 GW of new capacity in 2014…It is solar’s fastest-growing market sector and had 50% year-on-year growth for the third straight year…Solar is expected to boom through the end of 2016, when the 30% federal investment tax credit is scheduled to sunset. PV installations are forecast to grow 59% over last year in 2015 to 8.1 GW…More than a third of all U.S. PV operating capacity went online last year. It represented $17.8 billion in investment, with $13.4 billion in PV and $4.4 billion in CSP…” click here for more

    HOW THE U.S. CAN LEAD WORLD WIND The U.S. can stay number one in wind energy

    James Walker, March 10, (Fort Worth Star Telegram)

    “America leads the world in wind power — and it’s effectively doing so with one arm behind its back…The federal Production Tax Credit, first signed into law by President George H. W. Bush, has spurred the growth of wind power — and generated billions of dollars in investment and thousands of jobs in the process…Unfortunately, the credit expired at the end of 2014…Congress must act quickly to extend it… Inventors in New Hampshire launched the world’s first wind farm 35 years ago…Today, U.S. wind turbines are so productive that our nation regularly finishes ahead of other countries that have also installed large numbers of turbines, including China, Spain and Germany…The credit has fueled sustained technological progress — including taller towers, longer blades, better gearboxes, computer controls and new power lines…Project developers now know how to locate turbines so that they capture the most wind with the least impact on local wildlife…The wind sector has supported an average of over 73,000 well-paying jobs and drawn over $17 billion a year in private investment over the last five years…[The] Department of Energy is working on a major “Wind Vision” study…that shows how to double wind energy production…[to] 10 percent of the U.S. electricity supply in 2020. By 2030, that figure could reach 20 percent — and by 2050, wind could be America’s biggest source of electricity…” click here for more

    WHERE THE ENERGY STORAGE BOOM IS Energy Storage Tracker 1Q15; Global Energy Storage Installations: Market Share Data, Industry Trends, Market Analysis, and Project Tracking by World Region, Technology, Application, and Market Segment

    1Q 2015 (Navigant Research)

    “2014 was a major year for the global energy storage industry, with some of the largest single contracts in history awarded to leading storage companies. Driven primarily by regulatory mandates in the United States, Europe, and Asia Pacific…[b]attery and other system component costs have been falling rapidly, allowing energy storage to become an economical alternative to traditional power generation for certain applications…Lithium ion (Li-ion)-based energy storage systems continue to gain popularity…Large-scale manufacturing facilities and a healthy competitive environment are driving down the cost of Li-ion cells for stationary energy storage applications. Navigant Research estimates 696.7 MW of energy storage projects have been announced in the 2014–2015 period (excluding pumped storage). North America represents the majority of new project announcements with 436.4 MW; California accounts for nearly half of this announced capacity. Asia Pacific and Western Europe are the next leading regions, with 165.1 MW and 95.2 MW of new projects announced, respectively…” click here for more

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