NewEnergyNews: QUICK NEWS, June 14: Can’t Stop The New Energy; The Big Money In Combined Storage and New Energy; Saving Water Is A Way To New Energy

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  • FRIDAY WORLD HEADLINE-Global New Energy Rising Fast
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  • Here Comes The EV Invasion
  • EPA Proposes Ratepayer Subsidy For Coal And Nukes
  • Breakthroughs In Climate Change Begin With Communication

    Tuesday, June 14, 2016

    QUICK NEWS, June 14: Can’t Stop The New Energy; The Big Money In Combined Storage and New Energy; Saving Water Is A Way To New Energy

    Can’t Stop The New Energy Cheap gas, coal won't hobble renewables: energy report

    Marlowe Hood, June 13, 2016 (PhysOrg)

    “…Renewables are set to attract $7.8 trillion (6.9 trillion euros) by 2040, nearly four times as much as carbon-based power over the same period, [according to the New Energy Outlook 2016 from Bloomberg New Energy Finance]… The impact of cheap gas and coal will be offset, it projected, by drops of 41 and 60 percent, respectively, in the price of power from wind and solar panels…[But the shift] will not happen quickly enough to keep global warming below two degrees Celsius (3.6 degrees Fahrenheit), much less the more ambitious goal embraced by the world's nations last December…To achieve even the two-degree target, additional investment of $5.3 trillion in zero-carbon power—on top of the projected $7.8 trillion—would be needed by 2040, the report concludes…The energy sector accounts for two-thirds of the greenhouse gas emissions that drive global warming…Currently, 80 percent of global energy consumption is drawn from fossil fuels…China's slowing economy and retreat from coal [is important but energy demands in India] are forecast to nearly quadruple in the next quarter century…[making it the key] to the future global emissions trend…” click here for more

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    The Big Money In Combined Storage and New Energy Energy storage for renewables can be a good investment today, study finds; Systems that bank energy can add value to solar and wind projects.

    David L. Chandler, June 13, 2016 (MIT News)

    “…[The complicated economic and technology] decision may be critical to the future growth of renewable energy…[ Value of storage technologies for wind and solar energy by MIT researchers] shows how to evaluate the technology choices available, including batteries, pumped hydroelectric storage, and compressed air energy storage, and demonstrates that even with today’s prices for these technologies, such storage systems make good economic sense in some locations, but not yet in others…[What matters] to potential investors is the price curve rather than the demand curve…[The value of storage] varies widely by location, because of large variations in the frequency and magnitude of spikes in the price and how the solar and wind resources fluctuate over time…[Mostly] the costs of such systems don’t yet make them profitable enough without policy support…[But] market adoption already makes sense in [locations like Texas, California, and Massachusetts], and could be boosted with modest public policy support, which in turn would stimulate technological improvement in storage to encourage further growth…” click here for more

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    Saving Water Is A Way To New Energy Water conservation has saved energy, cut greenhouse gas emissions, study finds

    Joshua Emerson Smith, June 7, 2016 (LA Times)

    “…[During California’s initial emergency conservation program that stretched from June 2015 through February, energy savings from water conservation totaled 922,543 megawatt-hours — enough to power 135,000 homes for a year, according to [data from the UC Davis Center for Water-Energy Efficiency…The electricity saved from less water consumption [460 gigawatt-hours at a cost of $44.8 million] was substantial enough that during peak summer months last year, savings equaled the effect of all energy efficiency programs offered by major investor-owned utilities in the state combined [459.4 gigawatt-hours at a cost of roughly $172.6 million] — and at less than a third of the cost…[The emergency conservation program] saved more than 423 billion gallons of water, leaving resources stored underground or in reservoirs.” click here for more

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